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Canadian Company Spotlight

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Trade Winds Ventures Inc. Website:
Click Here |
Information As Of October 3,
2007 |
| Exchange:
TSX Venture |
Market Cap:
18.6 Million |
| Outstanding Shares:
60.9 Million |
52 Low / High:
$0.19 / $0.68 |
|
Price
October 3, 2007:
$0.305 |
TWD Stock Quote and News:
Click Here |
"Over
65% of Canada’s gold production has historically come from the
Abitibi Greenstone belt in Northern Ontario."
Overview
Trade Winds Ventures Inc.’s primary focus is
to enhance shareholder value by identifying, exploring and
developing world class gold projects in Canada. Current
properties lie in Ontario Canada in both the Detour Lake and
Red Lake/Birch Lake mining districts, which host some of
Canada’s largest and most profitable mines. The company also
owns a 100% interest in the following properties: Dardanelle;
Treasure Mountain; and Nunavut. In addition, Trade Winds owns
80% interest through its Chinese Subsidiary, in the Tuole
gold/copper
property in Xinjiang, China and a 60% interest in the
Silu Zinc/Lead property in Guangxi, China.
Investment
Highlights
- Well funded. Trade Winds Ventures raised over 22 million
dollars from 2003 to the present.
- Majority of properties located in Canada in mining
friendly regions.
- Strong management team with expertise in exploration and
development. Combines financial and technical ability with
leadership.
- “New mines are found close to old mines” The Block A
property in Detour (50/50 Joint venture with Detour
Gold Corp.) is directly
adjacent to the historic Detour Lake Mine which produced
over 1.76 million oz’s of gold.
- Recently completed 43-101 resource calculation on Block
A in Detour Lake with 1.5 million oz's in the inferred
category and 804,000 oz's in the indicated category.
- Over 65% of Canada’s gold production has historically
come from the Abitibi Greenstone belt in Northern Ontario.
- Aggressive drill program. Since 2004 Trade Winds has
drilled over 120,000 metres.
- Year round drill program. Detour Lake allows the company to drill
12 months a year.
- Key property in Detour (Block A) has considerable
infrastructure in place as a result of Placer Domes mine and
previous exploration work.
Ontario Properties
Detour Lake-Location
Located in the prolific Abitibi greenstone belt 160 km NE of
Timmins, ON, Trade Winds’ properties are adjacent to and
surround the historic Detour Lake Mine.
Highlights To Date:
-
Completed 2.3 million oz resource estimate with 53 holes still
being reported on.
-
Earned
50% interest in Block A during 2006.
-
Over
110,000 metres NQ drilled to date by TWD.
-
Testing mostly M Zone at depth and near surface.
-
M Zone
traced over 4.6 kilometres along mafic/ultramafic contact.
-
M Zone
currently the best exploration target in entire belt.
-
Multiple parallel gold zones along M Zone, above and below the
primary zone contact.
-
North
Walter Lake Zone discovered in 2004 along Block A/Mine
Boundary.
-
NWL
Zone now drill tested on 80 metre sections for over 500 metres.
-
Acquired 100% of Go West property.
-
Discovered and drill tested multiple parallel zones to
surface.
-
Visible gold in over 80% of drill holes.
-
During
17 years of production, the Detour Lake Mine produced
1,764,985 oz of gold, milling just over 14 million tonnes with
approx 93% recovery, at an average grade of 4.17 g/t.
-
The M
Zone on Block A was selected as TWD’s initial priority
exploration target.
-
Gold
resource on Block A with open-pit potential outlined by Placer
Dome in 1997 from detailed drilling near surface of M Zone.
-
Numerous multi-gram and several multi-ounce sections were
returned at depth with long holes in the deeper portion of the
M Zone, 1 km to the west.
-
Block
A represents an advanced stage exploration project with
excellent potential for new underground and near surface
open-pit gold resources.
Birch Lake
Located in Northeast Ontario, Red Lake Mining
District. Birch Lake is approx. 120 km NE of the Town of Red
Lake, in the Birch Uchi greenstone belt. Trade Winds is
earning a 60% interest in the Birch Lake Highgrade Island gold
property. Earn in to be completed by Sept 2008.
Overview
-
The Birch Lake property contains a
greenstone-hosted vein type structure similar to geological
features present at Gold Corp’s Red Lake Mine.
-
Significant development by Placer Dome between
1986 and 1996 including 110 drill holes totalling 19,918
metres, together with mapping, IP, trenching, geological,
geochemical and ground geophysical surveys.
Exploration Details
Five parallel vein structures, over 40 metres
total width and open to depth, have yielded intercepts of
multi-ounce mineralization as high as 6.75 oz's over 8 feet.
A
$500,000.00 drill program planned for the summer of 2008.
Nunavut Property
Turner Lake
The Turner Lake Property covers 1012.5 hectares located near
Bathurst Inlet in the Kitikmeot District of Western Nunavut,
Canada.
Overview:
-
The mineral assemblage of the Turner Lake Property is
virtually identical to that of the Lupin Mine (Kinross/Echo
Bay) which is located 200 km SE.
-
Previous work includes extensive mapping, airborne and ground
geophysics, trenching and drilling, exposing at least three
high-grade shoots of gold mineralization.
-
In 1989 detailed channel sampling returned an average grade of
4.5 g/t over a true width of 3.2 metres.
China Properties
Silu
Trade Winds has entered into a joint venture with Guangxi
Zhongjin Mining Co., Ltd. (“Zhongjin”) of Nanning, Guangxi,
whereby Trade Winds has the right to earn a 60% interest in a
newly formed Chinese-foreign co-operative limited company in
the People’s Republic of China. Zhongjin holds full
exploration permits to certain Zinc-Lead properties in the
Silu area of Wuxuan County in Guangxi province and for their
40% interest, the rights shall be assigned to and be held
fully by the joint venture company.
For it’s 60% interest in and operatorship in the joint venture
company, known as Guangxi Silu Mining Corp., Trade Winds must
invest a total of $20,000,000 RMB (approximately CDN
$1,500,000), Zhongjin must invest a total of $3,330,000 RMB
(approximately CDN $500,000) in two tranches within the first
year. Trade Winds Ventures has established an office in Taian
Building in Nanning to carry out mineral exploration and
development of Zinc-Lead and associated metals at Silu.
The Silu project is situated within the Western Dayaoshan
multi-metal metallogenic belt in central-eastern Guangxi
province. The co-operative area for which permits have been
granted covers an area of 26.39 km². An extensive amount of
geological exploration work has been conducted on this belt
and abundant information has been obtained, resulting in
significant base metal discoveries with numerous mining
operations along the belt. Zhongjin operates the Panlong
Zinc-Lead Mine, one of such mining operations and it’s
associated 1,000 tonne per day mill is located approximately
six kilometers northeast of the Silu property.
According to Zhongjin, the Panlong property has an estimated
historic resource containing 930,000 tons of contained metal
in a ratio of three parts Zinc to one part Lead.
Beside many other discoveries of Zinc-Lead showings and
numerous operating mines along the belt, a large-scale
sedimentary structure with dolomatic limestone is located on
the Silu property, a southwest extension of the Panlong
structure. According to the geological information and
geophysical and geochemical surveys, the structure has a
strike-length of over three kilometers and a width of over 500
meters. This zone, as defined by geophysical surveys, runs
parallel to a zone partially mined by local miners, who mined
the surface Zinc oxides by open pit methods. They then
reportedly sank a shaft to approximately 35 meters below
surface and drifted along the high grade structure they were
mining. Due to the unsafe mining practices of the local
miners, the government blasted and closed the shaft and shut
down operations some six years ago. Trade Winds plans to
undertake a program of exploration, including diamond drilling
and sinking a decline to the new zone, then drifting along the
new zone to put in a series of cross cuts through the
mineralized zone, in early 2008.
Tuole
Trade Winds Ventures Inc. has entered into a Contract for Co-operative Operation for the exploration and development of a
gold property in the Tuole Area, Xinyuan County, Xinjiang
Uygur Autonomous Region, People’s Republic of China.
Trade Winds has entered into a joint venture with Xinjiang
Dadi Mining Technology & Development Corp.(“Dadi”), of Urumqi,
Xinjiang, whereby Trade Winds shall earn an 80% interest in a
newly formed Chinese-foreign co-operative limited liability
company according to stipulations of the Chinese-foreign
Co-operative Enterprise Law of the People’s Republic of China.
Dadi holds full exploration permits to certain gold properties
in the Tuole Area of Xinyaun County in Xinjiang province, and
for their 20% interest, the rights shall be assigned to and
held fully by the co-operative joint venture company.
For its 80% interest in and operatorship of the in the joint
venture company, known as Xinjiang Entercor Mining Corp.,
Trade Winds shall invest a total of US $1,700,000 and pay Dadi
a total of US$300,000 in tranches over a period of two years.
Trade Winds has established an office in the district of High
& New Technology Development of Urumqi to carry out mineral
exploration and development of gold, copper and associated
metals.
Under the People’s Republic of China’s policy of Developing
Western China, this Co-operative Project is to develop, at a
large scale, mineable gold mineral resources and its
associated metals by using Dadi’s exploration findings and
vast technical support and together with Trade Winds’
investment, advanced exploration expertise and management.
Dadi has total of over 35 geological and technical support
staff, including 14 senior engineers, 18 engineers, 2
economists, together with administrative and accounting
personnel. The Co-operative Project has received approval by
the Foreign Economic and Trade Department of Xinjiang, as its
purpose is to make contributions to the development of
economics of Xinjiang Uygur Autonomous Region by converting
its mineral resources potentially into bankable resources.
The Tuole project area is situated within the Yisijilike Au-Cu
metallurgic belt, western Tianshan. Dadi has conducted an
extensive amount of geological exploration work on this belt
and gained abundant information with significant mineral
findings.
Beside many other discoveries of Au-Cu showings along the
belt, a large-scale volcanogenic alteration zone, Anomaly #2,
was located utilizing geochemical analysis. The alteration
zone has a strike length of over 2 km and a width of about 100
metres. In addition, four other similar anomalies occur along
the belt, indicative of high mineral potentials. The
co-operative area for which permits have been granted covers
an area of 109.79 km².
British Columbia
Properties
Dardanelles
Trade Winds acquired a 100% interest in their wholly owned
Dardanelles gold property comprising 8 claims, with an area of
mutual interest to cover contiguous claims and any other
claims within a one kilometre radius, which are located
approximately 22 km east of Terrace, B.C. on the north side of
the Copper (Zymoetz) River, Omenica Mining Division, B.C.
The 2005 exploration program indicated that there are possibly
three aplite dykes each with quartz veins alongside them.
Further trenching with an excavator in 2008 will be necessary
for the final confirmation of this sequence. An excavator was
used to prepare three diamond drill set ups which tested the
southerly aplite dyke/vein system with one diamond drill hole,
the main aplite dyke/vein system with the second diamond drill
hole, and further east near the old shaft three diamond drill
holes were drilled successively deeper to test the depth
extension to near the adit level 165 metres deep. The
excavator was used to clear the outcrop trace of the main
dyke/vein system for mapping and sampling. The dyke/vein
system was found by prospecting to extend another 1000 metres
further along strike. A report on this work is pending.
Treasure Mountain
The 100% owned Treasure Mountain property is located
approximately 30 km by road due east of Terrace, B.C. The
property hosts a copper mineralized belt of over 6 kilometres
strike length. New areas of copper mineralization were
identified in the northern section in 2006 which will be
included in the 2007 drilling and blasting program.
Exploration will concentrate on exposing mineralization
between the known showings to display the continuity of this
long belt.
Historical grades are reported from several showings ranging
from trace to over 10% copper with associated gold and silver
values (non NI 43-101 compliant data). Exploration on this
property is currently underway, and assay results from
sampling will be available this fall. Access and location to
nearby infrastructure make this a highly promising project.
The Company is in the process of acquiring adjacent claims to
the north to extend the potential strike length of the
mineralization.
The old access road from the Copper River was cleaned up to
provide vehicle access to the copper showings drilled in 1966.
Two diamond drill holes successfully encountered the
mineralized structure, but were off the main ore zone. The
mineralization in the two holes was small points or patches of
chalcocite. Little or no pyrite and chalcopyrite was noted.
Assay results were around one tenth of a percent copper.
Prospecting showed that all the known copper mineralized zones
are along the redox change from reducing state basic marine
volcanics to the oxidized semi marine terrestrial red bed
volcanics and associated volcano-sediments. This zone extends
5 Km along the property and has been explored further in 2007.
Mr. Alex Burton, P. Eng., P. Geo. is the qualified person
responsible for the Trade Winds’ exploration program on the
Dardanelles and Treasure Mountain properties.
Recent News and
Press Releases
Trade Winds Exploration Update (Wed, Oct 3)
Trade Winds Intersects High Grade Gold, 120.83 Grams/Tonne
Over 1.50 Metres, Within the M Zone on Block A Property at
Detour Lake, Ontario (Tue, Oct 2)
Trade Winds Commences Exploration Project on Its 100% Owned
Treasure Mountain Copper Property Near Terrace, B.C. (Thu, Sep
27)
Trade Winds Intersects 6.72 Grams/Tonne Gold Over 4.43 Metres
Within the M Zone on Block A Property at Detour Lake, Ontario
(Fri, Sep 21)
Trade Winds Drills 5.48 Grams/Tonne Gold Over 4.60 Metres on
Previously Unexplored Area Near Surface at Block A, Detour
Lake, Ontario (Wed, Aug 22)
Trade Winds Drills 6.67 g/t Gold Over 8.0 Metres Near Surface
at Block A, Detour Lake, Ontario (Wed, Jul 11)
Trade Winds Drills 10.66 g/t Gold Over 5.0 Metres Within 86
Metres of Surface at Block A, Detour Lake, Ontario (Thu, Jun
28)
Trade Winds Drills 8.01 g/t Gold Over 3.0 Metres Within 42
Metres of Surface at Detour Lake, Ontario (Wed, Jun 20)
Trade Winds Drills 9.90 g/t Gold Over 6.11 Metres Within 50
Metres of Surface at Detour Lake, Ontario (Thu, Jun 14)
Management Team
Ian D. Lambert - President & CEO
Ian D. Lambert, of Vancouver, B.C., has over thirty years of
experience in the management and financing of public
companies. He holds a Bachelor of Commerce degree in
quantitative analysis and computer science from the
University of Saskatchewan. He is primarily responsible for
corporate structuring and strategic planning, project
acquisitions, regulatory compliance, public financing
arrangements and investment and brokerage community liaison
activities. Mr. Lambert has served on the Board of Directors
of several public companies including resource and
technology entities. Mr. Lambert's broad exposure to a wide
range of business activities includes experience in oil &
gas development, marketing, manufacturing, data processing
operations and software development, and precious metals and
mineral exploration and development. His current positions
include: Director, Covik Development Corp., (mineral
exploration), April 1990 to present; President/Director,
Trade Winds Ventures Inc., (mineral exploration) April 1990
to present; President/Director, LiteWave Corp., (oil & gas
production) February 1999 to present; Director, Sunorca
Development Corp. (energy, oil & gas projects) December,
2000 to present.
Prior to becoming and Officer and Director of public
companies, he served several years each as Manager, Systems
Consulting for Deloite Haskins & Sells Associates, Manager
Systems Development for Cominco Ltd. and MacMillan Bloedel
Ltd., and Systems Analyst, Mobil Oil Canada.
Harvey M. Lawson - CFO & Director
Harvey M.J. Lawson BSc.Econ.,MBA., Director, Secretary &
CFO. Mr. Lawson has spent 14 years as a Lecturer at the
National University of Singapore, the Hong Kong Polytechnic
and the British Columbia Institute of Technology. His
expertise was in the area of Financial Management. He
followed this in 1993 with a career as a Financial Planner
where he held Securities and Life Insurance licenses. Since
1998 he has been providing management and accounting
services to a number of public companies.
Mr. Lawson is President of Aruba Capital, a private company
that provides corporate finance solutions to public
companies. In addition his current positions include
Director & CFO, Trade Winds Ventures Inc.(mineral
exploration) (2001) ; Director, Great Western Minerals Group
Inc. & Great Western Diamonds Inc. (mineral exploration)
(2002): Director of Resolve Ventures Inc. (mineral
exploration) (2003) & Director & CFO of Terra Ventures
Inc.(oil & gas)(2005).
Bruce Winfield, M.Sc. - P.Geo & Director
Mr. Winfield has over 30-years experience in the mining
industry in various positions for both major and junior
mining companies, including Greenstone Resources, and
Eldorado Gold Corp. Key roles include Geologist, Vice
President Exploration and currently Chief Executive Officer
of Portal Resources Ltd. He has also directed the
evaluation, acquisition and development of projects in North
and South America as well as Europe. Since 1987, he has been
extensively involved in Latin America in exploration and
development of precious metal deposits in Colombia, Panama,
Nicaragua, Honduras, Bolivia, Brazil and Argentina.
Currently, Bruce is also consulting geologist and Director
of Intrepid Minerals Corporation.
Edward M. Duncan - Director
E.D. "Ted" Duncan graduated in law and economics from UBC.
He played professional football for the BC Lions and Calgary
Stampeders until 1961 when he was elected an alderman of the
City of Calgary eventually serving as President of the
McMahon Stadium Society and as a director of the Calgary
Stampede. He received early oil and gas training as a member
of the land and legal team of Amoco in Calgary before
entering the private practice of law in Calgary and
Edmonton. He entered the business community in 1980 and is
currently active as a business consultant in Vancouver for
junior public mining and oil and gas companies.
Contacts
Trade Winds Ventures Inc.
Suite #300 1620 West 8th Ave
Vancouver, BC
Canada
V6J 1V4
Phone: (877) 811-4518 ext 231
Fax: (604) 736-5004
SEDAR Filings
TWD filings with SEDAR can be found
here. All
Fillings are current and the Company is fully reporting.
FORWARD
LOOKING STATEMENTS
This report includes
forward-looking statements that reflect Trade Winds Ventures
Inc. current expectations about its future results,
performance, prospects and opportunities. Trade Winds Ventures
Inc. has tried to identify these forward-looking statements
by using words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to a
number of risks, uncertainties and other factors that could
cause Trade Winds Ventures Inc.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these forward-looking
statements. These risks, uncertainties and other factors
include, without limitation, the Company's growth expectations
and ongoing funding requirements, and specifically, the
Company's growth prospects with scalable customers, and those
outlined above. Other risks include the Company's limited
operating history, the Company's history of operating losses,
consumers' acceptance, the Company's use of licensed
technologies, risk of increased competition, the potential
need for additional financing, the terms and conditions of any
financing that is consummated, the limited trading market for
the Company's securities, the possible volatility of the
Company's stock price, the concentration of ownership, and the
potential fluctuation in the Company's operating results.
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particularly as related to the business plans of the Company,
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and are subject to the safe harbor created by these sections.
Actual results may differ materially from the Company's
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