Detour Gold and Trade Winds Ventures agreed in late September 2011 to the acquisition of Trade Winds by Detour for C$84 million in cash and Detour shares. Trade Wind’s principal assets are its interest in a 50:50 joint venture with Detour in the Block A property, located adjacent to Detour’s Detour Lake project in northeastern Ontario, Canada, and its wholly-owned Gowest property, which is also located in the Detour Lake area.
Trade Winds has completed extensive diamond drilling programs of more than 156,000 m on the Block A and Gowest properties.
(www.tradewindsventures.com)
