Trade Winds up on Detour Lake results

Investors rewarded Trade Winds Ventures (TWD -V) and Detour Gold (TSX: DGC) for results from a drill program on Block A at Detour Lake in Ontario.

In Toronto on Oct. 10 Trade Winds shares gained 11% or 3 to 31 on 3.1 million shares traded while Detours climbed 5 to $9.00 on roughly 100,000 shares traded

The results are from a 13,000 metre drill program that is being operated by Vancouver-based Trade Winds. The project, however, is held as a 50/50 joint venture between it and Toronto-based Detour Gold.

Highlights include:

• Hole TWDDH-235 — 3.96 grams gold per tonne over 3 metres, 2.3 grams gold over 2 metres and 7.92 grams gold over 12 metres.
• Hole TWDDH-237 — 5.58 grams gold per tonne over 1 metre and 93.1 grams fold over 0.5 metre.
• Hole TWDDH-238 — 30.59 grams gold per tonne over 1.25 metres, including 75.3 grams gold over 0.5 metre, and 19.27 grams over 7.18 metres.
• Hole TWDDH-236 — returned 8.34 grams over 2 metres and 24.9 grams over 1 metre and 6.26 grams over 2 metres.

Drilling is being done to determine the continuity of the M Zone structural corridor by infill drilling past results at a 40 meter spacing.

Trade Winds says the M Zone, along with other gold bearing structures, were intersected in all four holes.

In March of last year Trade Winds found new, near surface mineralization along the M Zone corridor. The first phase of drilling is exploring mineralization along a 480 metre strike.

Trade Winds describes the M Zone as a gold bearing structure starting near surface at the eastern boundary of Block A, and plunging westward along strike for roughly 4 km on to the companys 100% owned Gowest property.

The resource estimate outlines an indicated resource of 14.1 million tonnes grading 1.77 grams gold containing 804,321 oz. of gold and an inferred resource of 24.8 million tonnes grading 1.88 grams gold for 1.5 million oz. of gold.