Trade Winds Ventures has announced a new mineral resource estimate for its Block A property, a 50/50 joint venture with Detour Gold Corporation, whose Detour Lake project sits adjacent.
The new estimate contained with an open pit shell shows an indicated resource of 70.8 million tonnes grading 0.85 grams per tonne gold, for 1,924,000 ounces of gold. The inferred resource is also said to be 27.3 million tonnes grading 0.87 grams per tonne gold, for 762,000 ounces.
The estimate assumes a base case of US$1,000-per-ounce gold and an exchange rate of $1.08.
The pit shell crosses the claim boundary on the eastern side of Block A onto the mining lease held by Detour Gold.
The two companies have also announced a 30,000-metre winter drilling plan for the property. Three diamond drill rigs will work from January to April, with 71 holes at an average depth of 500 metres.
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