Tradewinds cuts 41.34 GRAMS/TONNE GOLD OVER 5.0 METRES
September 23, 2005 Trading Symbol: TWD
41.34 GRAMS/TONNE GOLD OVER 5.0 METRES INTERSECTED WITHIN 30 METRES OF SURFACE ON TRADE WINDS’ BLOCK A OPTION AT DETOUR LAKE, ONTARIO
Timmins, Ontario, September 23, 2005 – Trade Winds Ventures Inc. (TSX-V: TWD) is pleased to report that potentially economic gold grades and widths continue along the M Zone structural corridor towards surface on the Company’s Detour Lake Block A Option. Block A is located approximately 3.2 km west of Placer Dome’s former Detour Lake Mine, which produced 1.7 million ounces of gold. Trade Winds is earning a 50% interest from Pelangio Mines Inc. (TSX-V: PLG) in Block A, the first of its three optioned Detour Lake properties located in Canada’s most prolific gold producing belt, the Abitibi Greenstone Belt, located approximately 160 kilometres northeast of Timmins.
Holes TWDDH-060, TWDDH-063, TWDDH-065, TWDDH-069, TWDDH-082 and TWDDH-085 were completed on Section 16180E. TWDDH-060 and TWDDH-063 were designed to test south of the M Zone structural corridor, with the remainder of the holes testing the corridor. Visible gold was observed in all holes except TWDDH-060.
TWDDH-060, located at 20290N/16180E, was oriented at azimuth 180 degrees, dipping -50 degrees and ended at 266.0 metres. The hole consisted almost entirely of pillowed basalts with no significant gold values.
TWDDH-063, located at 20380N/16180E, was oriented at azimuth 180 degrees, dipping -50 degrees, and ended at 198 metres. Extensive weak potassic alteration occurs over 47 metres between 88 and 135 metres in pillowed mafic basalts. Visible gold was noted in three separate locations with the best composite being 2.12 grams/tonne gold over 2.50 metres starting at 97.50 metres.
TWDDH-065, located at 20490N/16180E, was oriented at azimuth 180 degrees, dipping -50 degrees, and ended at 290 metres. Visible gold was observed in four separate locations, with over 50 specks noted in one area. Pillowed mafic basalts containing sulphidized quartz veins and visible gold returned 41.34 grams/tonne gold over 5.0 metres, starting at 35.0 metres and including 367.0 grams/tonne gold over 0.56 metres from the 38.0 to 38.56 metre interval. Extensive talc-chlorite alteration was encountered along the upper contact of the M Zone Mg-basalts from the 68.00 to 80.00 metre interval and returned 3.57 grams/tonne gold over 12.0 metres, including 61.60 grams/tonne gold over 0.50 metres starting at 73.0 metres.
TRADE WINDS VENTURES INC. Page 2.
News Release September 23, 2005
TWDDH-069, located at 20620N/16180E, was oriented at azimuth 180 degrees, dipping -55 degrees, and ended at 350.0 metres. Visible gold was noted in two separate locations. The M Zone was tested at depth, well below the inferred plunge of the higher grade gold mineralization, but it still returned values of 1.78 grams/tonne gold over 7.00 metres along the upper contact and 3.00 grams/tonne gold over 3.00 metres in the central area of the zone.
TWDDH-082, with the same location as TWDDH-069, was oriented at azimuth 180 degrees, dipping -45 degrees, and ended at 258.0 metres. The mineralized structures encountered in TWDDH-065 were again tested at depth beneath TWDDH-065. The pillowed basalt zone returned 3.01 grams/tonne gold over 6.0 metres starting at 73.0 metres, and the M Zone returned 2.45 grams/tonne gold over 15.65 metres starting at 196.35 metres. The estimated distance between the M Zone intercepts at 20620N/16180E is 80 metres.
TWDDH-085, located at 20700N/16180E, was oriented at azimuth 180 degrees, dipping -55 degrees, and ended at 522.0 metres. Again visible gold was observed in several locations with both narrow high grade and wide, lower grade gold mineralization encountered throughout the hole.
The following table contains all significant fire assay gold results obtained from diamond drill holes completed on Section 16180E. The estimated true width of mineralization is 60-70% of core length listed in the table.
SECTION 16180E
FROM TO INTERSECTIONS COMMENTS
metres metres gm/tonne metres oz/ton feet
TWDDH-063
97.5 100.0 2.21 2.5 0.064 8.2 Visible Gold in altered basalt
TWDDH-065
35.0 40.0 41.34 5.00 1.21 16.4 Visible Gold in Quartz
including
38.0 38.56 367.0 0.56 10.70 1.8
68.0 80.0 3.57 12.0 0.10 39.4 Talc-Chlorite - Visible Gold
266.0 268.78 9.85 2.78 0.29 9.1 Pillowed basalts - Visible Gold
TWDDH-069
103.0 106.0 4.15 3.0 0.12 9.8 Massive basalts
146.5 147.0 6.4 0.5 0.19 1.6 Pillowed basalts - Visible gold
177.0 177.5 30.0 0.5 0.87 1.6 Pillowed basalts - Visible gold
206.0 213.0 1.78 7.0 0.052 23.0 Upper M Zone
232.0 235.0 3.0 3.0 0.087 9.8 Lower M Zone
TWDDH-082
73.0 79.0 3.01 6.0 0.09 19.7 Massive/pillow basalt contact
93.0 94.0 20.7 1.0 0.60 3.3 Pillowed basalt with quartz veining
121.4 122.4 8.74 1.0 0.255 3.3 Pillowed basalt
150.5 151.0 14.7 0.5 0.429 1.6 Pillowed basalt
196.35 212.0 2.48 15.65 0.072 51.4 M Zone with Visible Gold
TWDDH-085
292.0 303.0 2.27 11.0 0.066 36.1 Upper M Zone with Visible Gold
319.15 319.45 13.9 0.3 0.405 1.0 Lower M Zone with Visible Gold
464.0 468.0 4.46 4.0 0.130 13.1 Massive/pillow basalt - Visible Gold
499.65 500.0 12.25 0.35 0.357 1.2 Massive basalt - Visible Gold
TRADE WINDS VENTURES INC. Page 3.
News Release September 23, 2005
The continued success by Trade Winds in locating higher grade gold mineralization along the M Zone structural panel further exemplifies the structure’s ability to contain potentially economic gold mineralization over a portion of the more than four kilometres of strike length. It also continues to indicate the strong potential for gold mineralization in the structure to extend to bedrock surface.
Two diamond drills are currently working for Trade Winds at Detour Lake. Drill Rig #1 is continuing to outline gold zones occurring along the M Zone structural corridor trend on the Gowest Option directly west of Block A, and has stepped out over 250 metres to the west from previously reported drill hole, TWDDH-033F, which returned 73.89 grams/tonne gold over 1.4 metres and 6.01 grams/tonne gold over 23.0 metres along the M Zone corridor.
Drill Rig #2 is continuing to expand the North Walter Lake Zone (NWL Zone), discovered in late 2004, stepping out on 80 metre sections to the west. Trade Winds’ previously reported first hole on the NWL Zone returned the following results:
TWDDH-087
FROM TO INTERSECTIONS COMMENTS
metres metres gm/tonne metres oz/ton feet
Zone 1
62.0 77.5
3.66
15.5
0.11
50.9 Weak potassic alt/qtz veining/sulphides/VG
including
68.5 69.25 46.01 0.75
1.34
2.5 Quartz vein - Visible Gold
Zone 2
92.0 100.0
4.11
8.0
0.12
26.3 Pillowed basalt - 2 VG locations.
including
96.0 96.75
19.95
0.75
0.58
2.5 Quartz vein with Visible Gold
Zone 3
110.0 123.0 1.74 13.0 0.05 42.7 Pillowed basalts with qtz veining/sulphides/VG
Zone 4
162.0 168.0 1.76 6.0 0.05 19.7 Sericitic alt felsic dyke in pillowed basalts, sulphidized with no quartz veining.
True width is estimated to be 65% of the core length indicated in the above table.
Mr. Lorne Warner, P. Geo., is the qualified person for Trade Winds’ Detour Lake projects. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ian D. Lambert, President & CEO (604) 742-2522
Michael Balanko, Investor Relations (604) 742-2527
Email: info@tradewindsventures.com Visit our Website at www.tradewindsventures.com
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
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