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Gold/Mining/Energy : Trade Winds Ventures TWD.V -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (3)	3/17/2009 10:11:43 AM
From: Goose94	Respond to of 4

News March 16, '09 Northrock Exploration (NRK-V) has discovered significant near-surface copper/nickel/silver/lead/zinc massive sulphide mineralization from diamond drilling during the summer 2008 exploration season. Five diamond drill holes for a total of 609.72 metres were completed on the previously untested zone, all encountering significant massive sulphide mineralization, with the most significant being diamond drill hole TL-08-17, returning 14.0 metres grading 1.98 per cent copper (Cu), 1.63 per cent nickel (Ni) and 15.75 grams per tonne (g/t) silver (Ag). The diamond drilling program was designed to test the potential of a gossanous zone called Ni Knob that is known to contain mainly fracture controlled to semi-massive copper and nickel mineralization within an ultramafic intrusive. Significant assay results for all five holes are listed in the results table. Mineralization is hosted in Archean-age volcanoclastics with minor ultramafic intrusives occuring along the footwall contact. No quiescent sedimentary units are occurring in the immediate area of the mineralization. Recent regional geological mapping has located several more ultramafic intrusive occurrences on the property with similar mineralization to that of the Ni Knob, none of which has yet been drill tested. Results of a 35-element ICP (induced coupled plasma) assay indicate the following elements have a positive correlation with the massive sulphides -- As, Bi, Cd, Co, Fe, S, Sb, Sr and Te. Ba, K and La have a negative correlation to the mineralization. Further assay studies are currently under way to determine if any rare earth elements may be present in the zone. SIGNIFICANT ASSAY RESULTS Hole name From To Interval Nickel Copper Silver Lead/zinc Gold (m) (m) (m) (%) (%) (g/t) (%) (g/t) TL-08-014 48.00 53.00 5.0 0.88 0.65 4.74 TL-08-015 92.75 96.00 3.3 0.46 0.36 3.68 TL-08-016 66.00 72.00 6.0 0.82 0.42 2.62 TL-08-017 41.00 55.00 14.0 1.62 1.87 15.75 including 50.00 53.00 3.0 4.19 1.19 44.67 1.66 0.46 TL-08-018 54.00 61.00 7.0 0.94 0.79 4.44 including 57.00 60.00 3.0 1.74 0.98 6.10 Core lengths are estimated to range between 55 to 75 per cent of true width as the zone is interpreted to have a near vertical dip. Holes TL-08-014, TL-08-015 and TL-08-016 were drilled from the same location with varying dip angles. Holes TL-08-017 and TL-08-018 tested the zone along the inferred strike of the mineralization over 50 metres to the north. In this location, there is no visible mineralization or alteration at surface, yet the zone has now increased significantly in width and grade. Lorne Warner, vice-president of exploration of Northrock, commented: "There was some historic documentation that nickel and copper mineralization existed in this area. We are pleased to see that our diamond drilling has confirmed this and uncovered a substantial zone of polymetallic massive sulphide mineralization, and both occurrences are hosted in the same stratigraphic sequence." DIAMOND DRILL HOLE INFORMATION Hole name Final depth (m) TL-08-014 86.00 TL-08-015 178.71 TL-08-016 110.95 TL-08-017 128.93 TL-08-018 105.13 Total 609.72 No geochemical or ground geophysical surveys have been conducted over the Nickel Knob area. Plans for 2009 fieldwork will include a ground EM/magnetometer survey of the area prior to any further drilling. Fourteen diamond drill holes were also completed on the main gold zone, contained along the mafic/ultramafic contact, almost all of which contained visible gold. The Turner Lake property consists of the HA 1-4 mineral claims, which overlie an area of approximately 29.0 square kilometres containing three known mineral occurrences known as the main gold showing, Turner East Gold and Nickel Knob showing, all of Archean age. The main gold showing has a surface exposure of over 500 metres and has received limited diamond drilling, only testing the zone to a depth of approximately 100 metres. The zone remains open along strike and to depth. Historical (before 43-101) diamond drilling and surface sampling results include 28.0 g/t gold over 4.75 metres, 12.86 g/t gold over 8.87 metres, 4.08 g/t gold over 15.27 metres, 15.20 g/t gold over 4.0 metres and 10.0 g/t gold over 5.0 metres. Mr. Warner, PGeo, is the qualified person for the company under NI 43-101. Northrock can earn a 65-per-cent interest in the Turner Lake project from Trade Winds Ventures (TWD-V) by spending $1-million in the first year and issuing 150,000 shares. Northrock can earn an additional 10 per cent by spending a further $500,000 and issuing an additional 250,000 shares.