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Highlights from three holes completed in June indicate that high-grade gold is not confined to the M zone but also occurs locally in a sericitic, felsic dyke, or silicious, quartz zone along the hangingwall contact and is associated with quartz veining in pillowed basalt.
In hole 012A, this dyke assayed 15.66 grams gold over 5 metres, including a 1-metre intercept that contained visible gold and assayed 71.9 grams gold per tonne. The upper contact of the M zone graded 14.45 grams gold over half a metre. This hole, a stepout, tested the zone 120 metres updip from a previous hole.
Hole 013, on a section 500 metres east of hole 012A, also intersected a quartz zone above the M zone, with quartz veining that contained visible gold. The hole graded 22.3 grams gold over 2.1 metres, including a 0.5-metre section of 85.9 grams gold. The hangingwall of the M zone graded 1.58 grams gold over 7.65 metres, including half a metre of a visible gold-bearing quartz vein that graded 14.5 grams gold per tonne.
Another hole was a stepout that tested the updip potential of the footwall of the M zone, resulting in an intersection grading 3.26 grams gold over 8.7 metres. Included was a 0.81-metre intercept of 17.5 grams gold. Again, visible gold was noted in a quartz vein. Other intercepts with visible gold assayed 38.8 grams gold over 0.9 metre and 19.93 grams gold over 1.5 metres.
Trade Winds is drilling along an 850-metre strike length of the M zone. Holes have been targeted to test the zone at depths of up to 1,100 metres below surface. Assay results have yet to be received for several holes.
Trade Winds has an option to earn a half-interest in the Detour Lake Block A property.
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