1. RESOURCEÊCLIPS
About ResourceClips.com
We provide investors in the Canadian junior mining sector
with up-to-the-minute articles about companies in the news
essentialÊresourceÊnews and a quick source of critical investor information.
Detour’s Little Brother
Trade Winds Emulates Its Ontario JV Gold Partner
~ By Kevin Michael Grace and Ted Niles - June 15, 2011
A tag line on the website of Trade Winds Ventures declares, “New in the inferred category—which is the lower confidence level. A lot of
mines are found next to old mines.” Yes, and sometimes new mines data gaps existed within the pit; areas we hadn’t drilled yet because it
are found next to new mines. For instance, Trade Winds’ Block A Joint wasn’t drilled in a systematic pattern from east to west. We have to go
Venture in Ontario, which, as President/CEO Ian Lambert explains, is back and infill-drill all the missing areas.
directly adjacent to and on-trend with Detour Lake’s eponymous gold
project, scheduled to go into production in early 2013. “The results that we announced [June 9] are really typical—it’s the
third batch of results we’ve put out—and the consistency is really
The Detour Lake Project, which Lambert calls “the largest pure gold quite amazing. Every time we put a drill hole in, there are numerous
mine in Canada,” is located 180 kilometres northeast of Cochrane, On- intercepts, some narrow, some wider, but they all occur within the pit
tario, just across the Quebec border, on the Abitibi Greenstone Belt. It boundaries, and will all add new ounces to the resource total once we
has proven and probable open-pit reserves of 14.9 million ounces and update it.”
a 21-year mine life at a production cost of $437 an ounce.
Block A has seen 30,000 metres of drilling so far this year. Lambert
hopes to do another 20,000 metres later in the year. The purpose of the
campaign is to “infill and turn inferred into indicated,” “take gap areas
that are currently waste rock and turn them into at least inferred, if not
higher” and “lengthen and potentially widen the pit.”
A resource estimate on Block A is due at the end of 2011. According
to Lambert, “The PEA would study two scenarios. One is the econom-
ics of developing a stand-alone mill operation on the Block A property.
The other scenario would be looking at processing the ore from Block
A through the mill facility at Detour Gold, if Detour decides to expand
their mill there. They’re studying the expansion of the mill, even though
they’re still constructing the original one. Whether it will be [scenario]
A or B is yet to be determined. I think that we’ve got to the point now
where we’re all thinking that this is not a matter of will this go to produc-
tion, but of which way we are going to take it to production.”
At press time, Trade Winds had 169.5 million shares outstanding and
a market cap of $35.6 million. Shares were trading $0.21, down from
The Block A JV is 50% owned by Detour Lake. Trade Winds is the $0.475 six months ago. Lambert concludes, “Trade Winds has not re-
project operator; its share was acquired from Pelangio in 2007. Current ceived a full valuation and represents a good opportunity for investors
reserves, based on a February 43-101 technical report, are 70.8 million to take advantage of a project that’s actually going to make it to produc-
tonnes measured and indicated at 0.85 grams per tonne and 27.3 mil- tion. Those are few and far between in the junior resource sector. And
lion tonnes inferred at 0.87 g/t. This totals 1.92 million ounces mea- if somebody evaluates our per-ounce, in-ground resource compared to
sured and indicated, 762,000 ounces inferred at a 0.49 g/t cut-off. many of the transactions that have occurred over the last year or two,
they’ll find that we’re significantly undervalued. We’re in a good area,
Lambert says, “Our theoretical pit would be within a few hundred me- and I think that the possibility of this pit going into several more million
“
tres of [Detour’s]. We’ve drilled 156,000 metres to date.” Assay results ounces exists.”
released June 9 included 61.11 g/t gold over 2 metres (including 113
g/t over 1 metre), 4.37 g/t over 15 metres (including 127 g/t over 0.3
metres), 27.83 g/t over 2.5 metres (including 53.1 g/t over 1 metre) and
10.23 g/t over 5.2 metres (including 46.5 g/t over 1 metre). We’re all thinking that this is not a
May 10 assays included 1.31 g/t gold over 17.5 metres, 2.54 g/t over
matter of will this go to production,
10 metres, 2.08 g/t over 30 metres and 1.43 g/t over 29 metres. but of which way we are going to
Lambert comments, “The purpose of this drill program was to do a take it to production
combination of infill drilling and exploration drilling. The theoretical pit – Ian Lambert
was developed from the computer models of the resource update,
containing within it 2.7 million ounces. Twenty-five percent to 30% was
www.resourceclips.com publisher: Andrea Butterworth abutterworth@resourceclips.com - 778.432.0593
editor: Kevin Michael Grace kgrace@resourceclips.com - 250.483.3753
sales: sales@resourceclips.com
![RESOURCEÊCLIPS
About ResourceClips.com
We provide investors in the Canadian junior mining sector
with up-to-the-minute articles about companies in the news
essentialÊresourceÊnews and a quick source of critical investor information.
Detour’s Little Brother
Trade Winds Emulates Its Ontario JV Gold Partner
~ By Kevin Michael Grace and Ted Niles - June 15, 2011
A tag line on the website of Trade Winds Ventures declares, “New in the inferred category—which is the lower confidence level. A lot of
mines are found next to old mines.” Yes, and sometimes new mines data gaps existed within the pit; areas we hadn’t drilled yet because it
are found next to new mines. For instance, Trade Winds’ Block A Joint wasn’t drilled in a systematic pattern from east to west. We have to go
Venture in Ontario, which, as President/CEO Ian Lambert explains, is back and infill-drill all the missing areas.
directly adjacent to and on-trend with Detour Lake’s eponymous gold
project, scheduled to go into production in early 2013. “The results that we announced [June 9] are really typical—it’s the
third batch of results we’ve put out—and the consistency is really
The Detour Lake Project, which Lambert calls “the largest pure gold quite amazing. Every time we put a drill hole in, there are numerous
mine in Canada,” is located 180 kilometres northeast of Cochrane, On- intercepts, some narrow, some wider, but they all occur within the pit
tario, just across the Quebec border, on the Abitibi Greenstone Belt. It boundaries, and will all add new ounces to the resource total once we
has proven and probable open-pit reserves of 14.9 million ounces and update it.”
a 21-year mine life at a production cost of $437 an ounce.
Block A has seen 30,000 metres of drilling so far this year. Lambert
hopes to do another 20,000 metres later in the year. The purpose of the
campaign is to “infill and turn inferred into indicated,” “take gap areas
that are currently waste rock and turn them into at least inferred, if not
higher” and “lengthen and potentially widen the pit.”
A resource estimate on Block A is due at the end of 2011. According
to Lambert, “The PEA would study two scenarios. One is the econom-
ics of developing a stand-alone mill operation on the Block A property.
The other scenario would be looking at processing the ore from Block
A through the mill facility at Detour Gold, if Detour decides to expand
their mill there. They’re studying the expansion of the mill, even though
they’re still constructing the original one. Whether it will be [scenario]
A or B is yet to be determined. I think that we’ve got to the point now
where we’re all thinking that this is not a matter of will this go to produc-
tion, but of which way we are going to take it to production.”
At press time, Trade Winds had 169.5 million shares outstanding and
a market cap of $35.6 million. Shares were trading $0.21, down from
The Block A JV is 50% owned by Detour Lake. Trade Winds is the $0.475 six months ago. Lambert concludes, “Trade Winds has not re-
project operator; its share was acquired from Pelangio in 2007. Current ceived a full valuation and represents a good opportunity for investors
reserves, based on a February 43-101 technical report, are 70.8 million to take advantage of a project that’s actually going to make it to produc-
tonnes measured and indicated at 0.85 grams per tonne and 27.3 mil- tion. Those are few and far between in the junior resource sector. And
lion tonnes inferred at 0.87 g/t. This totals 1.92 million ounces mea- if somebody evaluates our per-ounce, in-ground resource compared to
sured and indicated, 762,000 ounces inferred at a 0.49 g/t cut-off. many of the transactions that have occurred over the last year or two,
they’ll find that we’re significantly undervalued. We’re in a good area,
Lambert says, “Our theoretical pit would be within a few hundred me- and I think that the possibility of this pit going into several more million
“
tres of [Detour’s]. We’ve drilled 156,000 metres to date.” Assay results ounces exists.”
released June 9 included 61.11 g/t gold over 2 metres (including 113
g/t over 1 metre), 4.37 g/t over 15 metres (including 127 g/t over 0.3
metres), 27.83 g/t over 2.5 metres (including 53.1 g/t over 1 metre) and
10.23 g/t over 5.2 metres (including 46.5 g/t over 1 metre). We’re all thinking that this is not a
May 10 assays included 1.31 g/t gold over 17.5 metres, 2.54 g/t over
matter of will this go to production,
10 metres, 2.08 g/t over 30 metres and 1.43 g/t over 29 metres. but of which way we are going to
Lambert comments, “The purpose of this drill program was to do a take it to production
combination of infill drilling and exploration drilling. The theoretical pit – Ian Lambert
was developed from the computer models of the resource update,
containing within it 2.7 million ounces. Twenty-five percent to 30% was
www.resourceclips.com publisher: Andrea Butterworth abutterworth@resourceclips.com - 778.432.0593
editor: Kevin Michael Grace kgrace@resourceclips.com - 250.483.3753
sales: sales@resourceclips.com](https://image.slidesharecdn.com/11-05-tradewinds-120907002741-phpapp02/85/trade-winds-ventures-1-320.jpg)
