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ZARUMA RESOURCES INC
Zaruma Resources Announces New Drilling Programme
9/20/2007
TORONTO, Sep. 20, 2007 (Canada NewsWire via COMTEX News Network) --
Zaruma Resources Inc., (TSX-ZMR) today reported that it is completing arrangements for the commencement of a drilling programme in the second week of October on its wholly owned "Trion" area which is immediately to the west of the proposed Luz del Cobre open pit mine at San Antonio, Sonora, Mexico.
The four month US$750,000 programme will drill 3,300 metres on targets identified to date, and continue the surface work at Trion by completion of trenching and geochemical sampling on five copper target areas within the 375 hectare Trion Area. On successful completion of the initial programme a second phase, requiring a similar amount of funding, is anticipated to complete the evaluation of the area.
The initial programme also includes a minimum of five holes on the open ended southwest portion of the Luz del Cobre deposit to expand the existing ore body.
Previously reported rock chip and channel sampling along new access roads and trenches delineated a strongly developed structural corridor between 100 and 150 metres wide, characterized by intensive fracturing and local breccia development, and has been traced for 1,500 metres, culminating on the northeast end at Luz del Cobre. Assays within the structural corridor are often in excess of 0.2% copper, (near the estimated economic cut-off grade for Luz del Cobre, assuming a copper price of US$2.23), and includes one open ended, 90 by 30 metre breccia zone with visible oxide copper, with 43 samples grading an average of 0.43% copper.
Funding for the programme is expected to be from the Glencore International AG group of companies. As previously announced, Glencore intends to provide US$22 million in debt financing to produce 15 million pounds of copper per year from the Luz del Cobre project and additionally, will provide up to $1.5 million for the exploration and development of the Trion area, which could extend the mine life beyond the current six year estimate. Glencore also intends to enter into negotiated joint ventures with the Company to explore for other base metal deposits on other parts of the Company's 11,200 hectare San Antonio property.
Legal agreements for the debt financing of Luz del Cobre, the funding of the Trion programme, and the initial exploration joint venture are currently being prepared for execution.
The estimated time to first production from Luz del Cobre remains at 12-15 months from the date of financing. The selection of contractors is in process.
Zaruma Resources Inc. is a pre-production mineral exploration company listed on The Toronto and Frankfurt Stock Exchanges (symbol: ZMR). Common shares outstanding: 109,414,909.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including, but not limited to securing funding to continue its development programmes.
SOURCE: Zaruma Resources Inc.
Zaruma Resources Inc., 20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada, Fax: (416) 367-3638, info@zaruma.com, www.zaruma.com; Dr. Thomas Utter, President and CEO, Tel.: 52 1 662 222 0063, 52 662 210 5650, thomas.utter@zaruma.com; Frank van de Water, CFO and Secretary, Tel.: (416) 869-0772; fvandewater@on.aibn.com
Copyright (C) 2007 CNW Group. All rights reserved.
Zaruma Resources Announces New Drilling Programme
9/20/2007
TORONTO, Sep. 20, 2007 (Canada NewsWire via COMTEX News Network) --
Zaruma Resources Inc., (TSX-ZMR) today reported that it is completing arrangements for the commencement of a drilling programme in the second week of October on its wholly owned "Trion" area which is immediately to the west of the proposed Luz del Cobre open pit mine at San Antonio, Sonora, Mexico.
The four month US$750,000 programme will drill 3,300 metres on targets identified to date, and continue the surface work at Trion by completion of trenching and geochemical sampling on five copper target areas within the 375 hectare Trion Area. On successful completion of the initial programme a second phase, requiring a similar amount of funding, is anticipated to complete the evaluation of the area.
The initial programme also includes a minimum of five holes on the open ended southwest portion of the Luz del Cobre deposit to expand the existing ore body.
Previously reported rock chip and channel sampling along new access roads and trenches delineated a strongly developed structural corridor between 100 and 150 metres wide, characterized by intensive fracturing and local breccia development, and has been traced for 1,500 metres, culminating on the northeast end at Luz del Cobre. Assays within the structural corridor are often in excess of 0.2% copper, (near the estimated economic cut-off grade for Luz del Cobre, assuming a copper price of US$2.23), and includes one open ended, 90 by 30 metre breccia zone with visible oxide copper, with 43 samples grading an average of 0.43% copper.
Funding for the programme is expected to be from the Glencore International AG group of companies. As previously announced, Glencore intends to provide US$22 million in debt financing to produce 15 million pounds of copper per year from the Luz del Cobre project and additionally, will provide up to $1.5 million for the exploration and development of the Trion area, which could extend the mine life beyond the current six year estimate. Glencore also intends to enter into negotiated joint ventures with the Company to explore for other base metal deposits on other parts of the Company's 11,200 hectare San Antonio property.
Legal agreements for the debt financing of Luz del Cobre, the funding of the Trion programme, and the initial exploration joint venture are currently being prepared for execution.
The estimated time to first production from Luz del Cobre remains at 12-15 months from the date of financing. The selection of contractors is in process.
Zaruma Resources Inc. is a pre-production mineral exploration company listed on The Toronto and Frankfurt Stock Exchanges (symbol: ZMR). Common shares outstanding: 109,414,909.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including, but not limited to securing funding to continue its development programmes.
SOURCE: Zaruma Resources Inc.
Zaruma Resources Inc., 20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada, Fax: (416) 367-3638, info@zaruma.com, www.zaruma.com; Dr. Thomas Utter, President and CEO, Tel.: 52 1 662 222 0063, 52 662 210 5650, thomas.utter@zaruma.com; Frank van de Water, CFO and Secretary, Tel.: (416) 869-0772; fvandewater@on.aibn.com
Copyright (C) 2007 CNW Group. All rights reserved.
Pelangio MinesTENAJON RESOURCES CORP
Tenajon Resources Corp.: Drilling Commences on Moly Brook Property, Prospecting Identifies Peripheral High Grade Gold Values
9/20/2007
Large Coincident Molybdenum in Soil and I.P. Anomalies Identified
VANCOUVER, BRITISH COLUMBIA, Sep 20, 2007 (CCNMatthews via COMTEX News Network) --
Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to announce that a first phase diamond drilling program has commenced at its Moly Brook Molybdenum Property located on the south coast of Newfoundland. The program is designed to follow-up on the results of recently completed geochemical and geophysical surveys that expanded the area of potential molybdenum-copper mineralization previously defined by Royal Oak Mines Inc.
The Moly Brook Property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. Historical exploration by Royal Oak Mines Inc. outlined a 450 x 1,100 metre area hosting molybdenite and chalcopyrite in outcrop as fracture fillings and as disseminations within the host intrusive and quartz veins. Incorporating the results of Tenajon's 2007 soil survey with historic results, a greater than 25 ppm in soil molybdenum contour outlines a 1,200 metre long and up to 700 metre wide soil anomaly. The recently completed I.P. Survey outlined a 1,500 metre long and up to 800 metre wide zone of high chargeability that is in part coincidental with the soil anomaly.
Tenajon has also completed prospecting to the north of the I.P anomaly and has located a narrow zone of quartz veining containing galena, sphalerite and pyrite. Grab samples assayed up to 102 gpt Au with a 20 cm chip taken across a highly mineralized pod within the vein assaying 137 gpt Au.
In the 1990's Royal Oak Mines Inc. completed three drill holes which tested a 300 metre segment of the molybdenum anomaly. All of the holes intersected molybdenum/copper mineralization with several sections containing high grade molybdenum values. In addition, all three holes ended in significant molybdenum mineralization leaving the zone open in all directions.
In Hole 95-01 a 16 metre section graded 0.188% Mo, including a 2 metre high grade section of over 0.75% Mo. Hole 95-04 had 6 and 2 metre intervals grading 0.123% and 0.25% Mo, respectively. In addition to molybdenum and copper, Hole 96-06 had sections containing anomalous tungsten values as determined by I.C.P. analysis with individual samples assaying up to 0.068% tungsten over 2 metres.
While historic grades were significant there is evidence that the grade was under-reported. Testing of selected samples from Holes 95-01 and 95-04 by Royal Oak Mines using a 0.6 kilogram vs. the original 0.2 kilogram split resulted in increased molybdenum and copper grades. In the case of Hole 95-01 the average increase for molybdenum was 28% whereas for copper it was 37%. In Hole 95-04 the increase was 1% for molybdenum and 3% for copper. The variances occur throughout the length of the holes.
All of the soil and rock samples were prepared and analyzed by Eastern Analytical Labs, located in Springdale, Newfoundland. Rock samples are crushed with a jaw crusher to 75% passing 10 mesh and split with a riffle splitter to approximately 250 grams. The samples are then pulverized to 95% passing 150 mesh and then analyzed for gold using fire assay with an A.A. finish using a half assay ton. Assay standards are entered into the sequence to maintain accuracy.
Historic exploration data was collected before the introduction of NI 43-101, and is presented for information purposes only. Investors are cautioned that recent independent verification has not been completed and the historical data should not be relied upon.
Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101, is in charge of the exploration programs on the Moly Brook Property.
On Behalf of the Board of Directors
TENAJON RESOURCES CORP.
D. Bruce McLeod, President
This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.
SOURCE: Tenajon Resources Corp.
Tenajon Resources Corp. D. Bruce McLeod President (604) 687-7545 or Toll Free: 1-888-338-2200 (604) 689-5041 (FAX) Email: info@northair.com Website: www.tenajon.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
Tenajon Resources Corp.: Drilling Commences on Moly Brook Property, Prospecting Identifies Peripheral High Grade Gold Values
9/20/2007
Large Coincident Molybdenum in Soil and I.P. Anomalies Identified
VANCOUVER, BRITISH COLUMBIA, Sep 20, 2007 (CCNMatthews via COMTEX News Network) --
Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to announce that a first phase diamond drilling program has commenced at its Moly Brook Molybdenum Property located on the south coast of Newfoundland. The program is designed to follow-up on the results of recently completed geochemical and geophysical surveys that expanded the area of potential molybdenum-copper mineralization previously defined by Royal Oak Mines Inc.
The Moly Brook Property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. Historical exploration by Royal Oak Mines Inc. outlined a 450 x 1,100 metre area hosting molybdenite and chalcopyrite in outcrop as fracture fillings and as disseminations within the host intrusive and quartz veins. Incorporating the results of Tenajon's 2007 soil survey with historic results, a greater than 25 ppm in soil molybdenum contour outlines a 1,200 metre long and up to 700 metre wide soil anomaly. The recently completed I.P. Survey outlined a 1,500 metre long and up to 800 metre wide zone of high chargeability that is in part coincidental with the soil anomaly.
Tenajon has also completed prospecting to the north of the I.P anomaly and has located a narrow zone of quartz veining containing galena, sphalerite and pyrite. Grab samples assayed up to 102 gpt Au with a 20 cm chip taken across a highly mineralized pod within the vein assaying 137 gpt Au.
In the 1990's Royal Oak Mines Inc. completed three drill holes which tested a 300 metre segment of the molybdenum anomaly. All of the holes intersected molybdenum/copper mineralization with several sections containing high grade molybdenum values. In addition, all three holes ended in significant molybdenum mineralization leaving the zone open in all directions.
In Hole 95-01 a 16 metre section graded 0.188% Mo, including a 2 metre high grade section of over 0.75% Mo. Hole 95-04 had 6 and 2 metre intervals grading 0.123% and 0.25% Mo, respectively. In addition to molybdenum and copper, Hole 96-06 had sections containing anomalous tungsten values as determined by I.C.P. analysis with individual samples assaying up to 0.068% tungsten over 2 metres.
While historic grades were significant there is evidence that the grade was under-reported. Testing of selected samples from Holes 95-01 and 95-04 by Royal Oak Mines using a 0.6 kilogram vs. the original 0.2 kilogram split resulted in increased molybdenum and copper grades. In the case of Hole 95-01 the average increase for molybdenum was 28% whereas for copper it was 37%. In Hole 95-04 the increase was 1% for molybdenum and 3% for copper. The variances occur throughout the length of the holes.
All of the soil and rock samples were prepared and analyzed by Eastern Analytical Labs, located in Springdale, Newfoundland. Rock samples are crushed with a jaw crusher to 75% passing 10 mesh and split with a riffle splitter to approximately 250 grams. The samples are then pulverized to 95% passing 150 mesh and then analyzed for gold using fire assay with an A.A. finish using a half assay ton. Assay standards are entered into the sequence to maintain accuracy.
Historic exploration data was collected before the introduction of NI 43-101, and is presented for information purposes only. Investors are cautioned that recent independent verification has not been completed and the historical data should not be relied upon.
Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101, is in charge of the exploration programs on the Moly Brook Property.
On Behalf of the Board of Directors
TENAJON RESOURCES CORP.
D. Bruce McLeod, President
This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.
SOURCE: Tenajon Resources Corp.
Tenajon Resources Corp. D. Bruce McLeod President (604) 687-7545 or Toll Free: 1-888-338-2200 (604) 689-5041 (FAX) Email: info@northair.com Website: www.tenajon.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
ja verdammter Mist, und ich hab noch keine!
Dienstag noch bei 0,225$ und jetzt 0,275$
+22 % in zwei Tagen.
hätte ich bloß mal gleich auf die von stockreport gehört und nicht gewartet.
FUCK
Das entscheidende ist, unabhängig von Börsenbriefen zu agieren, sich ein genaues Bild von einem Wert
zu machen und dann kaufen. Wenn dann eine Empfehlung kommt, schön.
Ich kaufe Werte dann wenn sie keiner haben will. Salazar,Sabina,Aquila,Tenajon,PBX...
alles vor 4 Wochen gekauft.
Trade Winds ist auch jetzt noch spottbillig!!
ja, du beherrscht diese Technick schon sehr sehr gut - ich lerne noch..........bei Sabina,PBX,TWD etc werden wir diesen Monat noch viel Freude haben!
im Übrigen hast du Recht TWD ist jetzt noch sehr sehr günstig - ich vermute das bald ein BB die ins Depot nimmt
Das entscheidende ist, unabhängig von Börsenbriefen zu agieren, sich ein genaues Bild von einem Wert
zu machen und dann kaufen. Wenn dann eine Empfehlung kommt, schön.
Ich kaufe Werte dann wenn sie keiner haben will. Salazar,Sabina,Aquila,Tenajon,PBX...
alles vor 4 Wochen gekauft.
Trade Winds ist auch jetzt noch spottbillig!!
Freewest... 
gestern wieder wie gesagt gelonged 0,23 CAD
gestern wieder wie gesagt gelonged 0,23 CAD
Du bist einfach gut!
wir sind (ev.) gut (immer mal mit ein paar Nieten, aber sonst wuerden wir nicht hier posten, sondern irgendwo in der Suedsee am Strand liegen)
Du bist einfach gut!
gestern an der TSX eine Speku Posi
Solitaire Minerals (SLT)
long, relativ teuer geholt zu 0,21 CAD
ohne News gelaufen, aber da stehen einige Bohrergebnisse aus, ev. Insider
Solitaire Minerals (SLT)
long, relativ teuer geholt zu 0,21 CAD
ohne News gelaufen, aber da stehen einige Bohrergebnisse aus, ev. Insider
gestern an der TSX eine Speku Posi
Solitaire Minerals (SLT)
long, relativ teuer geholt zu 0,21 CAD
ohne News gelaufen, aber da stehen einige Bohrergebnisse aus, ev. Insider
Solitaire Minerals (SLT)
long, relativ teuer geholt zu 0,21 CAD
ohne News gelaufen, aber da stehen einige Bohrergebnisse aus, ev. Insider
Charttechnisch zumindest interessant, Dreiecksbildung, könnte nach oben ausbrechen!
Unter diesen Aspekten kann man eine Posi riskieren.
Wann rechnet man hier ( Globex) mit Bekanntgabe der Zahlen? Thx...
Trade Winds sieht wirklich sehr gut aus. Versuche die Tage noch gut reinzukommen!
Trade Winds sieht wirklich sehr gut aus. Versuche die Tage noch gut reinzukommen!
Wann rechnet man hier ( Globex) mit Bekanntgabe der Zahlen? Thx...
Trade Winds sieht wirklich sehr gut aus. Versuche die Tage noch gut reinzukommen!
Steht noch nichts auf der Seite.
Sep 21, 2007 08:00 ET
Trade Winds Intersects 6.72 Grams/Tonne Gold Over 4.43 Metres Within the M Zone on Block A Property at Detour Lake, Ontario
TIMMINS, ON--(Marketwire - September 21, 2007) - Trade Winds Ventures (TSX VENTURE: TWD) (FRANKFURT: TVR) is pleased to announce more results of its 13,000 metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase. The purpose of drilling these three holes, TWDDH-214, TWDDH-217, & TWDDH-218, is to determine the continuity of the M Zone structural corridor by infill drilling previous excellent results at 40 meters. The M Zone ultramafic and numerous other gold bearing structures were intersected in all three holes, with gold mineralization ranging from approximately -6 metres to -148 metres below surface and 40 metres above and below previous drilling on this section.
In March of 2006, Trade Winds discovered new, near surface mineralization along the M Zone corridor (see news release May 16, 2006). Phase 1 of this winter's drilling was to explore the mineralization of this new zone along a 480 metre strike between sections 15380E and 15860E. Section 15860E represents the overlap of this Phase 1 near surface drilling and the beginning of the Phase 2 infill drilling of previous section results which were incorporated in the 2006 Resource Estimate.
Diamond drill hole TWDDH-214 returned 5.39 grams/tonne over 2.00 metres, 58.61 grams/tonne over 0.50 metre, 6.72 grams/tonne gold over 4.43 metres including 22.30 grams/tonne over 0.50 metre and 11.45 grams/tonne over 1.00 metre. Diamond drill hole TWDDH-217 returned 6.36 grams/tonne over 1.00 metre and 2.71 grams/tonne over 1.00 metre.
Diamond drill hole TWDDH-218 returned 3.75 grams/tonne over 2.30 metres and 1.35 grams/tonne over 9.00 metres.
Previous drilling on this section, 40 metres above and 40 metres below TWDDH-214, also returned encouraging results as follows;
Diamond drill hole TWDDH-055 returned 8.05 grams/tonne over 1.00 metre, 6.96 grams/tonne over 1.00 metre, and 7.76 grams/tonne over 6.30 metres, including 181 grams/tonne over 0.20 metre.
Diamond drill hole TWDDH-057 returned 3.03 grams/tonne over 1.15 metres and 4.82 grams/tonne over 1.00 metre.
Details of significant fire assay results received for recent holes completed on Section 15860E are as follows;
HOLE NAME FROM TO Depth LENGTH ASSAY COMPOSITE
(m.) (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
TWDDH-214 37 38 30 1.00 2.03
47 49 38 2.00 5.39
Including 47 48 1.00 6.97
TWDDH-214 84 86 69 2.00 2.03
125.5 126 103 0.50 58.61
192.57 197 157 4.43 6.72
Including 192.57 193.07 0.50 22.30
and 196 197 1.00 11.45
TWDDH-217 56 57 46 1.00 6.36
108 109 88 1.00 2.71
125 125.5 103 0.50 2.41
TWDDH-218 7.7 10 6 2.30 3.75
Including 7.7 8.94 1.24 4.94
13 14 10 1.00 2.20
19 20 15 1.00 4.76
50 59 41 9.00 1.35
66 70 54 4.00 1.90
77 78 63 1.00 4.37
83 87 68 4.00 1.53
True Width is estimated to be between 65-75% of core length. A drawing for Section 15680E is available on the Company's website www.tradewindsventures.com
Diamond drill hole location and final depths for the M Zone diamond drill program on Section 15860E are as follows:
---------------------------------------------------------------------------
Section Hole # Northing Easting Azimuth Dip Length (m)
---------------------------------------------------------------------------
15860E TWDDH-055 20644.92 15858.79 180 -55 319.00
---------------------------------------------------------------------------
TWDDH-057 20566.34 15859.56 180 -54 291.00
---------------------------------------------------------------------------
TWDDH-214 20607.15 15859.92 180 -55 247.00
---------------------------------------------------------------------------
TWDDH-217 20527.91 15859.92 180 -55 214.25
---------------------------------------------------------------------------
TWDDH-218 20486.77 15859.77 180 -55 122.00
---------------------------------------------------------------------------
The M Zone structural corridor is a gold bearing structure that begins near surface at the eastern boundary of Block A, and plunges gently westward along strike for over four kilometres on to the immediately adjacent 100% owned Gowest property. Two significant mineralized zones occur along a komatiite structure, the Upper and Lower M Zone gold zones. The near surface and other portions of the M Zone structural corridor drilled to date are the subject of our recent NI 43-101 compliant resource estimate (October 2006). The 2007 M Zone winter drilling program is designed to test the westward near surface extension of the known gold mineralization with the expressed purpose of adding new gold ounces to the resource estimate, and upgrading near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
Golder Associates Ltd. (Golder) was commissioned by Trade Winds to provide an independent Mineral Resource Estimate in conformance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Mineral Resource and Mineral Reserve definitions referred to in the National Instrument NI 43-101, Standards of Disclosure for Mineral Projects. The resource estimation work was completed in October 2006 and is based on information contained within the Technical Report prepared by Golder on Trade Winds behalf and filed on SEDAR, which, using a cut-off of 1.0 grams/tonne, outlines an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold.
Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects at Detour Lake. 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.
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.
Trade Winds Ventures
Suite 300, 1620 West 8th Ave.
Vancouver, BC V6J 1V4
117 Kent Avenue
Timmins, ON P4N 3B9
Trade Winds Intersects 6.72 Grams/Tonne Gold Over 4.43 Metres Within the M Zone on Block A Property at Detour Lake, Ontario
TIMMINS, ON--(Marketwire - September 21, 2007) - Trade Winds Ventures (TSX VENTURE: TWD) (FRANKFURT: TVR) is pleased to announce more results of its 13,000 metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase. The purpose of drilling these three holes, TWDDH-214, TWDDH-217, & TWDDH-218, is to determine the continuity of the M Zone structural corridor by infill drilling previous excellent results at 40 meters. The M Zone ultramafic and numerous other gold bearing structures were intersected in all three holes, with gold mineralization ranging from approximately -6 metres to -148 metres below surface and 40 metres above and below previous drilling on this section.
In March of 2006, Trade Winds discovered new, near surface mineralization along the M Zone corridor (see news release May 16, 2006). Phase 1 of this winter's drilling was to explore the mineralization of this new zone along a 480 metre strike between sections 15380E and 15860E. Section 15860E represents the overlap of this Phase 1 near surface drilling and the beginning of the Phase 2 infill drilling of previous section results which were incorporated in the 2006 Resource Estimate.
Diamond drill hole TWDDH-214 returned 5.39 grams/tonne over 2.00 metres, 58.61 grams/tonne over 0.50 metre, 6.72 grams/tonne gold over 4.43 metres including 22.30 grams/tonne over 0.50 metre and 11.45 grams/tonne over 1.00 metre. Diamond drill hole TWDDH-217 returned 6.36 grams/tonne over 1.00 metre and 2.71 grams/tonne over 1.00 metre.
Diamond drill hole TWDDH-218 returned 3.75 grams/tonne over 2.30 metres and 1.35 grams/tonne over 9.00 metres.
Previous drilling on this section, 40 metres above and 40 metres below TWDDH-214, also returned encouraging results as follows;
Diamond drill hole TWDDH-055 returned 8.05 grams/tonne over 1.00 metre, 6.96 grams/tonne over 1.00 metre, and 7.76 grams/tonne over 6.30 metres, including 181 grams/tonne over 0.20 metre.
Diamond drill hole TWDDH-057 returned 3.03 grams/tonne over 1.15 metres and 4.82 grams/tonne over 1.00 metre.
Details of significant fire assay results received for recent holes completed on Section 15860E are as follows;
HOLE NAME FROM TO Depth LENGTH ASSAY COMPOSITE
(m.) (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
TWDDH-214 37 38 30 1.00 2.03
47 49 38 2.00 5.39
Including 47 48 1.00 6.97
TWDDH-214 84 86 69 2.00 2.03
125.5 126 103 0.50 58.61
192.57 197 157 4.43 6.72
Including 192.57 193.07 0.50 22.30
and 196 197 1.00 11.45
TWDDH-217 56 57 46 1.00 6.36
108 109 88 1.00 2.71
125 125.5 103 0.50 2.41
TWDDH-218 7.7 10 6 2.30 3.75
Including 7.7 8.94 1.24 4.94
13 14 10 1.00 2.20
19 20 15 1.00 4.76
50 59 41 9.00 1.35
66 70 54 4.00 1.90
77 78 63 1.00 4.37
83 87 68 4.00 1.53
True Width is estimated to be between 65-75% of core length. A drawing for Section 15680E is available on the Company's website www.tradewindsventures.com
Diamond drill hole location and final depths for the M Zone diamond drill program on Section 15860E are as follows:
---------------------------------------------------------------------------
Section Hole # Northing Easting Azimuth Dip Length (m)
---------------------------------------------------------------------------
15860E TWDDH-055 20644.92 15858.79 180 -55 319.00
---------------------------------------------------------------------------
TWDDH-057 20566.34 15859.56 180 -54 291.00
---------------------------------------------------------------------------
TWDDH-214 20607.15 15859.92 180 -55 247.00
---------------------------------------------------------------------------
TWDDH-217 20527.91 15859.92 180 -55 214.25
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TWDDH-218 20486.77 15859.77 180 -55 122.00
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The M Zone structural corridor is a gold bearing structure that begins near surface at the eastern boundary of Block A, and plunges gently westward along strike for over four kilometres on to the immediately adjacent 100% owned Gowest property. Two significant mineralized zones occur along a komatiite structure, the Upper and Lower M Zone gold zones. The near surface and other portions of the M Zone structural corridor drilled to date are the subject of our recent NI 43-101 compliant resource estimate (October 2006). The 2007 M Zone winter drilling program is designed to test the westward near surface extension of the known gold mineralization with the expressed purpose of adding new gold ounces to the resource estimate, and upgrading near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
Golder Associates Ltd. (Golder) was commissioned by Trade Winds to provide an independent Mineral Resource Estimate in conformance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Mineral Resource and Mineral Reserve definitions referred to in the National Instrument NI 43-101, Standards of Disclosure for Mineral Projects. The resource estimation work was completed in October 2006 and is based on information contained within the Technical Report prepared by Golder on Trade Winds behalf and filed on SEDAR, which, using a cut-off of 1.0 grams/tonne, outlines an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold.
Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects at Detour Lake. 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.
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.
Trade Winds Ventures
Suite 300, 1620 West 8th Ave.
Vancouver, BC V6J 1V4
117 Kent Avenue
Timmins, ON P4N 3B9
Wann rechnet man hier ( Globex) mit Bekanntgabe der Zahlen? Thx...
Trade Winds sieht wirklich sehr gut aus. Versuche die Tage noch gut reinzukommen!
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Spin-off number 1:
Mail 16-08-2007 Colin Robson of TWD: “Tradewinds is planning a spin off of its two China properties - the Tuole (gold/copper) and Silu (zinc/lead) properties - where the shareholders of Trade Winds before the record date will receive a dividend share. We believe this will be represent substantial value for our shareholders as our China properties are progressing nicely with both having significant upside. Zhongjin - TWD partner on the Silu project - owns a mine 6 KM away form our property and operates a 1000 tonne per day mill. The upside is significant with an estimated 930,000 tonnes of contained metal (not rock tonnage but ACTUAL METAL) in a ratio of three parts zinc to one part lead. (that’s 2 billion lbs metal = 500 million lbs lead and 1.5 billion lbs zinc)
http://www.resourcexinvestor.com/news.php?id=178 : “Word is that Trade Winds intends to spin off this JV deal into a new company – giving something like 1 share of the New Company for every 3.5 shares of Trade Winds held”
Spin-off number 2:
The second spin-off should also take place before years end and its value is even higher than the first spin-off. High lights are Turner Lake (Nunavut) which has had several excellent previous drill results, Birch Lake (Red Lake area) with multi ounce assays several summers ago and the Treasure Mountain and Dardanelles gold and Copper/silver prospects in BC, recently named one of the top high grade prospects in the province by the provincial government.
After the spin-offs TWD still has its 3 Detour properties:
- Block A : October 31, 2006 NI 43-101 resource calculation for 2.3 million ounces of gold on TWD 50 % owned Block A property.
- The majority of the indicated resource on Block A occurs between 30-300 meters = OPEN MINE.
- That DOESN’T include the 53 drilling holes of which a lot still have to be reported with NR’s.
- Expect a new NI 43-101 after all drilling results are known.
- TWD has two other 100% owned Detour properties next to Block A; Detour-West and Aurora.
Scared that the SP goes down after the two spin-off’s? If the 43-101 from ONLY October 2006 is valuated at just $50.00 per ounce, Block A would be worth about $60.0 million. Just this alone would justify $1.00 per share. That’s without the two other Detour properties and without a new 43-101 after all drilling results is known. “In a brief interview with Trade Wind’s Corporate Development officer, Terry McGee said, “Our joint venture partner is getting about $60 per ounce at Detour and our shares ($ 0.225) only reflect $11.25 per ounce, so we think we’re highly undervalued at this point.” And finally TWD’s is planning a new 2008 winter drilling program. We all know what that means: a 2008 spring/summer with lots of NR’s and again a 43-101.
Mail 16-08-2007 Colin Robson of TWD: “Tradewinds is planning a spin off of its two China properties - the Tuole (gold/copper) and Silu (zinc/lead) properties - where the shareholders of Trade Winds before the record date will receive a dividend share. We believe this will be represent substantial value for our shareholders as our China properties are progressing nicely with both having significant upside. Zhongjin - TWD partner on the Silu project - owns a mine 6 KM away form our property and operates a 1000 tonne per day mill. The upside is significant with an estimated 930,000 tonnes of contained metal (not rock tonnage but ACTUAL METAL) in a ratio of three parts zinc to one part lead. (that’s 2 billion lbs metal = 500 million lbs lead and 1.5 billion lbs zinc)
http://www.resourcexinvestor.com/news.php?id=178 : “Word is that Trade Winds intends to spin off this JV deal into a new company – giving something like 1 share of the New Company for every 3.5 shares of Trade Winds held”
Spin-off number 2:
The second spin-off should also take place before years end and its value is even higher than the first spin-off. High lights are Turner Lake (Nunavut) which has had several excellent previous drill results, Birch Lake (Red Lake area) with multi ounce assays several summers ago and the Treasure Mountain and Dardanelles gold and Copper/silver prospects in BC, recently named one of the top high grade prospects in the province by the provincial government.
After the spin-offs TWD still has its 3 Detour properties:
- Block A : October 31, 2006 NI 43-101 resource calculation for 2.3 million ounces of gold on TWD 50 % owned Block A property.
- The majority of the indicated resource on Block A occurs between 30-300 meters = OPEN MINE.
- That DOESN’T include the 53 drilling holes of which a lot still have to be reported with NR’s.
- Expect a new NI 43-101 after all drilling results are known.
- TWD has two other 100% owned Detour properties next to Block A; Detour-West and Aurora.
Scared that the SP goes down after the two spin-off’s? If the 43-101 from ONLY October 2006 is valuated at just $50.00 per ounce, Block A would be worth about $60.0 million. Just this alone would justify $1.00 per share. That’s without the two other Detour properties and without a new 43-101 after all drilling results is known. “In a brief interview with Trade Wind’s Corporate Development officer, Terry McGee said, “Our joint venture partner is getting about $60 per ounce at Detour and our shares ($ 0.225) only reflect $11.25 per ounce, so we think we’re highly undervalued at this point.” And finally TWD’s is planning a new 2008 winter drilling program. We all know what that means: a 2008 spring/summer with lots of NR’s and again a 43-101.
Spin-off number 1:
Mail 16-08-2007 Colin Robson of TWD: “Tradewinds is planning a spin off of its two China properties - the Tuole (gold/copper) and Silu (zinc/lead) properties - where the shareholders of Trade Winds before the record date will receive a dividend share. We believe this will be represent substantial value for our shareholders as our China properties are progressing nicely with both having significant upside. Zhongjin - TWD partner on the Silu project - owns a mine 6 KM away form our property and operates a 1000 tonne per day mill. The upside is significant with an estimated 930,000 tonnes of contained metal (not rock tonnage but ACTUAL METAL) in a ratio of three parts zinc to one part lead. (that’s 2 billion lbs metal = 500 million lbs lead and 1.5 billion lbs zinc)
http://www.resourcexinvestor.com/news.php?id=178 : “Word is that Trade Winds intends to spin off this JV deal into a new company – giving something like 1 share of the New Company for every 3.5 shares of Trade Winds held”
Spin-off number 2:
The second spin-off should also take place before years end and its value is even higher than the first spin-off. High lights are Turner Lake (Nunavut) which has had several excellent previous drill results, Birch Lake (Red Lake area) with multi ounce assays several summers ago and the Treasure Mountain and Dardanelles gold and Copper/silver prospects in BC, recently named one of the top high grade prospects in the province by the provincial government.
After the spin-offs TWD still has its 3 Detour properties:
- Block A : October 31, 2006 NI 43-101 resource calculation for 2.3 million ounces of gold on TWD 50 % owned Block A property.
- The majority of the indicated resource on Block A occurs between 30-300 meters = OPEN MINE.
- That DOESN’T include the 53 drilling holes of which a lot still have to be reported with NR’s.
- Expect a new NI 43-101 after all drilling results are known.
- TWD has two other 100% owned Detour properties next to Block A; Detour-West and Aurora.
Scared that the SP goes down after the two spin-off’s? If the 43-101 from ONLY October 2006 is valuated at just $50.00 per ounce, Block A would be worth about $60.0 million. Just this alone would justify $1.00 per share. That’s without the two other Detour properties and without a new 43-101 after all drilling results is known. “In a brief interview with Trade Wind’s Corporate Development officer, Terry McGee said, “Our joint venture partner is getting about $60 per ounce at Detour and our shares ($ 0.225) only reflect $11.25 per ounce, so we think we’re highly undervalued at this point.” And finally TWD’s is planning a new 2008 winter drilling program. We all know what that means: a 2008 spring/summer with lots of NR’s and again a 43-101.
Auf der Seite habe ich natürlich auch schon nachgesehen.
Dachte hättest event. paar Spezialinfos
.
Ok trotzdem danke. Der Rohstoffbereich kommt so langsam in die Gänge!!!!
Dachte hättest event. paar Spezialinfos
.Ok trotzdem danke. Der Rohstoffbereich kommt so langsam in die Gänge!!!!
Wann rechnet man hier ( Globex) mit Bekanntgabe der Zahlen? Thx...
Trade Winds sieht wirklich sehr gut aus. Versuche die Tage noch gut reinzukommen!
Steht noch nichts auf der Seite.
PBX macht ja heute gawaltig los...........
Mit Ansage hier!
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