(Hole DG-08-373: 1.60 g/t over 60.0 m and 1.35 g/t over
78.0 m in Calcite Zone)
Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to report assay results for an additional 28 holes
from its Phase II drilling program at the Detour Lake project in
northern Ontario. There are four (4) active drill rigs on site.
Since the Phase II start up in July 2007, the Company has completed 358
holes totaling 139,714 metres (including 29 holes abandoned for 2,454
metres and deepening of 10 holes for 1,661 metres). Approximately 4,000
metres remain to be drilled for completion of the Phase II program. From
Phase II, results from 187 holes totaling 68,428 metres (including 15
holes abandoned for 1,290 metres) were included in the July 2008 mineral
resource update. Over 60% of the Phase III drilling program (30,000
metres) has now been completed.
Results from an additional 19 holes drilled at the western end of the
Calcite Zone (up to section 17,740E) are indicating additional gold
mineralization within and outside the US$700 pit shell (refer to Press
Release July 2, 2008), which will positively impact the final pit design
(lower strip ratio) and resource base. Of importance, significant gold
mineralization was encountered in holes DG-08-373 with 1.60 g/t over
60.0 metres and 1.35 g/t over 78.0 metres on section 18,100E and
DG-08-389 with 0.96 g/t over 78.0 metres on section 18,580E (no
intervals above capping grade of 20 g/t in both holes).
Results from nine (9) holes infilling the Gap Zone (between sections
18,760E and 19,160E) continue to show good continuity of the gold
mineralization. In particular, hole DG-08-369 intersected 1.68 g/t (cut)
over 32.0 metres in the hanging wall (350 metres to the north) and 1.36
g/t (cut) over 62.0 metres in the core of the mineralized corridor.
Hole DG-08-347 interesected 4.51 g/t (uncut) and 2.40 g/t (cut) over 44
metres in the core of the mineralized corridor.
The best mineralized (uncut) intervals encountered are shown below.
| Calcite Zone |
| DG-08-351 |
DG-08-361 |
DG-08-373 |
DG-08-389 |
15.09 g/t over 18.0 m
77.34 g/t over 11.0 m |
1.55 g/t over 44.5 m
5.14 g/t over 19.0 m |
1.60 g/t over 60.0 m
1.35 g/t over 78.0 m |
5.29 g/t over 22.0 m
0.96 g/t over 78.0 m |
|
|
|
|
| DG-08-400 |
|
|
|
| 4.33 g/t over 16.0 m |
|
|
|
|
|
|
|
| Gap Zone |
| DG-08-347 |
DG-08-353 |
DG-08-360 |
DG-08-369 |
| 4.51 g/t over 44.0 m |
51.29 g/t over 7.0 m |
1.09 g/t over 104.0 m |
2.80 g/t over 32.0 m |
|
|
4.42 g/t over 17.0 m |
1.37 g/t over 62.0 m |
| DG-08-368 |
|
|
9.30 g/t over 12.0 m |
| 10.78 g/t over 7.0 m |
|
|
|
On July 2, 2008, Detour Gold reported a mineral resource update based on
a detailed engineered pit design using a preliminary mine schedule at a
mining rate of 30,000 tpd operation for the first few years and
increasing to 60,000 tpd thereafter. The base case reported (using a
gold price of US$700 per ounce) contained 10.8 million ounces of gold in
the measured and indicated categories and 2.4 million ounces of gold in
the inferred category (refer to press release dated July 2, 2008).
Complete tables of results, surface and longitudinal plans and
cross-sections for the Detour Lake deposit are posted on the Company's
website www.detourgold.com /Projects/Detour Lake or http://www.detourgold.com/LatestDrillResults
or on the home page "Explore Detour Lake".
Detour Gold's exploration program is being managed by Project Manager,
Mr. Roger Aubertin, P.Eng., a Qualified Person within the meaning of
National Instrument 43-101. Mr. Aubertin has verified and approved the
data disclosed in this release, including the sampling, analytical and
test data underlying the information.
Samples are prepared and assayed at SGS Minerals Services in Don Mills,
Ontario, Canada. Analysis for gold is done on sawn half core samples
using fire assay (AA finish). Samples with higher grade gold (>5 g/t)
are re-assayed using the pulp and metallics procedures. Standard
reference materials, blank and field duplicate samples are inserted
prior to shipment from site to monitor the quality control of the assay
data. For additional information on Quality Assurance and Quality
Control ("QA/QC"), refer to the press release dated April 11, 2007.
For further information, please contact:
Gerald Panneton, President and CEO
Tel: (416) 304.0800
Laurie Gaborit, Director Investor Relations
Tel: (416) 304.0581
Detour Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street,
Suite 2040, Toronto, Ontario M5J 2J1
Forward-Looking Information
This press release contains certain forward-looking information as
defined in applicable securities laws (referred to herein as
"forward-looking statements"). Often, but not always, forward-looking
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"continues", "forecasts", "projects", "predicts", "intends",
"anticipates" or "believes", or variations of, or the negatives of, such
words and phrases, or statements that certain actions, events or
results "may", "could", "would", "should", "might" or "will" be taken,
occur or be achieved. Specifically, this press release includes
forward-looking statements regarding: the Company's planned drilling
program and estimate of the quantity and quality of its mineral
resources. Inherent in forward-looking statements are risks,
uncertainties and other factors beyond the Company's ability to predict
or control. These risks, uncertainties and other factors include, but
are not limited to, the uncertainties involved in interpreting
geological data and other risks involved in the gold exploration and
development industry as well as those risk factors listed in the
Company's Annual Information Form (AIF), Item 4.4 -- "Description of
Business - Risk Factors" filed on SEDAR. Readers are cautioned that the
list of factors included in the AIF is not exhaustive of the factors
that may affect the forward-looking statements. Actual results and
developments are likely to differ, and may differ materially, from those
expressed or implied by the forward-looking statements contained in
this press release. Such statements are based on a number of assumptions
which may prove to be incorrect, including, but not limited to, the
following assumptions: the Company's exploration and development
activities on the Detour Lake Property will proceed in accordance with
the Company's current timetables; and the Company's resource estimates,
geological and metallurgical assumptions (including with respect to the
size, grade and recoverability of mineral resources) and operational and
price assumptions on which the resource estimates are based, are
accurate. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the Company's actual
results, performance or achievements to be materially different from any
of its future results, performance or achievements expressed or implied
by forward-looking statements. All forward-looking statements herein
are qualified by this cautionary statement. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements whether as a result of new information or
future events or otherwise, except as may be required by law.
Information Concerning Estimates of Mineral Resources
This news release uses the terms 'measured', 'indicated' and 'inferred'
resources. Detour Gold advises investors that although these terms are
recognized and required by Canadian regulations (under National
Instrument 43-101 Standards of Disclosure for Mineral Projects), the
U.S. Securities and Exchange Commission does not recognize them.
Investors are cautioned not to assume that any part or all of the
mineral deposits in these categories will ever be converted into
reserves. In addition, 'inferred resources' have a great amount of
uncertainty as to their existence, and economic and legal feasibility.
It cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of inferred mineral resources may not form the basis of
feasibility or pre-feasibility studies, or economic studies except for
Preliminary Assessment as defined under 43-101. Investors are cautioned
not to assume that part or all of an inferred resource exists, or is
economically or legally mineable.
Detour Lake Project - Highlights of Drill Results
| Hole No. |
Section No. |
From
(m) |
To
(m) |
Length (m) |
Au
Uncut
(g/t) |
Au
Cut to 20 g/t
(g/t) |
Host Rock Unit |
| DG-08-341 |
17,900E |
335.0 |
354.0 |
19.0 |
0.86 |
0.86 |
|
| (Calcite Zone) |
|
465.0 |
473.0 |
8.0 |
0.94 |
0.94 |
|
| |
|
500.0 |
507.0 |
7.0 |
1.87 |
1.87 |
|
| |
|
531.0 |
558.0 |
27.0 |
0.93 |
0.93 |
Lower Pillow Flow |
| |
|
582.0 |
590.0 |
8.0 |
2.37 |
1.44 |
|
| |
|
Inc. 583.9 |
584.4 |
0.5 |
34.92 |
20.00 |
|
| |
|
596.0 |
603.0 |
7.0 |
1.02 |
1.02 |
|
| DG-08-343 |
18,020E |
53.0 |
78.00 |
25.0 |
0.88 |
0.88 |
|
| (Calcite Zone) |
|
110.0 |
119.0 |
9.0 |
1.44 |
1.44 |
|
| |
|
207.0 |
220.0 |
13.0 |
1.20 |
1.20 |
|
| |
|
235.0 |
250.0 |
15.0 |
0.76 |
0.76 |
|
| |
|
348.0 |
363.0 |
15.0 |
2.24 |
2.23 |
Lower Massive Flow |
| |
|
Inc. 350.0 |
351.0 |
1.0 |
20.10 |
20.00 |
|
| |
|
383.0 |
395.0 |
12.0 |
0.65 |
0.65 |
|
| DG-08-344 |
18,880E |
228.0 |
245.0 |
17.0 |
1.49 |
1.49 |
Upper Massive Flow |
| (Gap Zone) |
|
373.0 |
393.0 |
20.0 |
1.46 |
1.46 |
Lower Pillow Flow |
| |
|
422.0 |
438.0 |
16.0 |
0.86 |
0.86 |
|
| |
|
448.0 |
458.0 |
10.0 |
1.10 |
1.10 |
|
| |
|
470.0 |
477.0 |
7.0 |
1.03 |
1.03 |
|
| |
|
483.0 |
491.0 |
8.0 |
1.10 |
1.10 |
|
| |
|
506.0 |
515.0 |
9.0 |
0.89 |
0.89 |
|
| |
|
543.0 |
555.0 |
12.0 |
0.97 |
0.97 |
|
| DG-08-347 |
19,160E |
283.0 |
297.0 |
14.0 |
0.72 |
0.72 |
|
| (Gap Zone) |
|
362.0 |
369.0 |
7.0 |
1.69 |
1.69 |
|
| |
|
391.0 |
398.0 |
7.0 |
1.15 |
1.15 |
|
| |
|
545.0 |
557.0 |
12.0 |
1.76 |
1.76 |
|
| |
|
579.0 |
623.0 |
44.0 |
4.51 |
2.40 |
Lower Pillow Flow |
| |
|
Inc. 594.0 |
594.5 |
0.5 |
151.80 |
20.00 |
|
| |
|
Inc. 594.5 |
595.0 |
0.5 |
74.09 |
20.00 |
|
| DG-08-349 |
18,020E |
142.0 |
149.0 |
7.0 |
1.73 |
1.73 |
|
| (Calcite Zone) |
|
185.0 |
192.0 |
7.0 |
3.46 |
3.46 |
|
| |
|
289.0 |
302.0 |
13.0 |
1.56 |
1.56 |
|
| |
|
330.0 |
339.0 |
9.0 |
1.18 |
1.18 |
|
| DG-08-351 |
17,900E |
138.0 |
152.0 |
14.0 |
0.69 |
0.69 |
|
| (Calcite Zone) |
|
176.0 |
194.0 |
18.0 |
15.09 |
3.66 |
Upper Pillow Flow |
| |
|
Inc. 177.0 |
178.0 |
1.0 |
212.00 |
20.00 |
|
| |
|
Inc. 178.0 |
179.0 |
1.0 |
33.70 |
20.00 |
|
| |
|
215.0 |
236.0 |
21.0 |
0.76 |
0.76 |
|
| |
|
256.0 |
263.0 |
7.0 |
1.01 |
1.01 |
|
| |
|
274.0 |
283.0 |
9.0 |
1.66 |
1.66 |
|
| |
|
378.0 |
389.0 |
11.0 |
77.34 |
1.99 |
Lower Pillow Flow |
| |
|
Inc. 378.0 |
379.0 |
1.0 |
848.95 |
20.00 |
|
| |
|
413.0 |
420.0 |
7.0 |
1.14 |
1.14 |
|
| |
|
599.0 |
617.0 |
18.0 |
1.05 |
1.05 |
|
| DG-08-353 |
18,800E |
239.0 |
264.0 |
25.0 |
0.59 |
0.59 |
|
| (Gap Zone) |
|
274.0 |
287.0 |
13.0 |
1.78 |
1.78 |
|
| |
|
471.0 |
480.0 |
9.0 |
1.24 |
1.24 |
|
| |
|
542.0 |
556.0 |
14.0 |
1.84 |
1.84 |
Lower Pillow Flow |
| |
|
581.0 |
588.0 |
7.0 |
51.29 |
5.86 |
Lower Pillow Flow |
| |
|
Inc. 585.5 |
586.0 |
0.5 |
182.46 |
20.00 |
|
| |
|
Inc. 586.0 |
586.5 |
0.5 |
338.02 |
20.00 |
|
| |
|
Inc. 586.5 |
587.0 |
0.5 |
175.52 |
20.00 |
|
| DG-08-355 |
17,940E |
69.0 |
87.0 |
18.0 |
1.38 |
1.38 |
|
| (Calcite Zone) |
|
146.0 |
154.0 |
8.0 |
1.75 |
1.75 |
|
| |
|
170.0 |
177.0 |
7.0 |
1.73 |
1.69 |
|
| |
|
Inc. 175.0 |
175.5 |
0.5 |
20.60 |
20.00 |
|
| |
|
191.0 |
211.0 |
20.0 |
0.79 |
0.79 |
|
| DG-08-356 |
19,120E |
72.0 |
83.0 |
11.0 |
1.26 |
1.26 |
|
| (Gap Zone) |
|
142.0 |
149.0 |
7.0 |
1.04 |
1.04 |
|
| DG-08-359 |
17,980E |
68.0 |
78.0 |
10.0 |
0.80 |
0.80 |
|
| (Calcite Zone) |
|
132.0 |
144.0 |
12.0 |
1.05 |
1.05 |
|
| |
|
165.0 |
177.0 |
12.0 |
1.03 |
1.03 |
|
| |
|
454.0 |
470.0 |
16.0 |
1.10 |
1.10 |
|
| DG-08-360 |
18,800E |
106.0 |
113.0 |
7.0 |
1.30 |
1.30 |
|
| (Gap Zone) |
|
138.0 |
145.0 |
7.0 |
4.32 |
2.94 |
Upper Pillow Flow |
| |
|
Inc. 142.0 |
143.0 |
1.0 |
29.60 |
20.00 |
|
| |
|
158.0 |
178.5 |
20.5 |
1.57 |
1.57 |
Upper Massive Flow |
| |
|
332.0 |
436.0 |
104.0 |
1.09 |
0.93 |
Lower Pillow Flow |
| |
|
Inc. 430.5 |
431.0 |
0.5 |
53.70 |
20.00 |
|
| |
|
466.0 |
483.0 |
17.0 |
4.42 |
2.72 |
Lower Pillow Flow |
| |
|
Inc. 481.5 |
482.0 |
0.5 |
77.90 |
20.00 |
|
| |
|
494.0 |
501.0 |
7.0 |
1.11 |
1.11 |
|
| |
|
525.0 |
532.0 |
7.0 |
3.62 |
2.46 |
Lower Pillow Flow |
| |
|
Inc. 526.0 |
526.5 |
0.5 |
36.36 |
20.00 |
|
| |
|
546.0 |
553.0 |
7.0 |
1.77 |
1.54 |
|
| |
|
Inc. 546.5 |
547.0 |
0.5 |
23.27 |
20.00 |
|
| |
|
584.0 |
615.0 |
31.0 |
1.38 |
1.38 |
Lower Massive Flow |
| DG-08-361 |
17,940E |
130.0 |
137.0 |
7.0 |
0.87 |
0.87 |
|
| (Calcite Zone) |
|
155.0 |
199.5 |
44.5 |
1.55 |
1.23 |
Contact PF/MF |
| |
|
Inc. 166.0 |
167.0 |
1.0 |
34.36 |
20.00 |
|
| |
|
223.0 |
242.0 |
19.0 |
5.14 |
1.86 |
Upper Massive Flow |
| |
|
Inc. 223.0 |
224.0 |
1.0 |
82.31 |
20.00 |
|
| |
|
261.0 |
270.0 |
9.0 |
1.29 |
1.29 |
|
| |
|
398.0 |
407.0 |
9.0 |
1.79 |
1.47 |
|
| |
|
Inc. 406.5 |
407.0 |
0.5 |
25.70 |
20.00 |
|
| DG-08-362 |
19,080E |
48.0 |
55.0 |
7.0 |
1.12 |
1.12 |
|
| (Gap Zone) |
|
|
|
|
|
|
|
| DG-08-362A |
19,080E |
121.0 |
138.0 |
17.0 |
1.20 |
1.20 |
|
| (Gap Zone) |
|
174.0 |
186.0 |
12.0 |
0.77 |
0.77 |
|
| DG-08-365 |
17,740E |
212.0 |
249.0 |
37.0 |
0.83 |
0.83 |
Upper MF |
| (Calcite Zone) |
|
319.0 |
340.0 |
21.0 |
2.00 |
1.85 |
Lower Pillow Flow |
| |
|
Inc. 337.0 |
338.0 |
1.0 |
23.11 |
20.00 |
|
| |
|
396.0 |
403.0 |
7.0 |
1.58 |
1.58 |
|
| |
|
498.0 |
505.0 |
7.0 |
3.29 |
2.90 |
|
| |
|
Inc. 500.0 |
501.0 |
1.0 |
22.78 |
20.00 |
|
| |
|
525.0 |
538.0 |
13.0 |
3.11 |
2.44 |
Lower Massice Flow |
| |
|
Inc. 537.0 |
538.0 |
1.0 |
28.65 |
20.00 |
|
| |
|
555.0 |
567.4 |
12.4 |
2.20 |
2.20 |
CMH |
| DG-08-366 |
18,020E |
No significant intercepts |
|
| (Calcite Zone) |
|
|
|
|
|
|
|
| DG-08-368 |
19,040E |
39.0 |
46.0 |
7.0 |
10.78 |
1.76 |
Lower Massice Flow |
| (Gap Zone) |
|
Inc. 41.5 |
42.0 |
0.5 |
146.33 |
20.00 |
|
| |
|
118.0 |
132.0 |
14.0 |
0.97 |
0.97 |
|
| DG-08-369 |
18,760E |
190.0 |
222.0 |
32.0 |
2.80 |
1.68 |
Contact MF/PF |
| (Gap Zone) |
|
Inc. 218.5 |
219.0 |
0.5 |
91.52 |
20.00 |
|
| |
|
382.0 |
444.0 |
62.0 |
1.37 |
1.36 |
Lower Pillow Flow |
| |
|
Inc. 443.0 |
444.0 |
1.0 |
20.80 |
20.00 |
|
| |
|
459.0 |
471.0 |
12.0 |
9.30 |
1.00 |
Lower Pillow Flow |
| |
|
Inc. 459.0 |
459.5 |
0.5 |
219.00 |
20.00 |
|
| |
|
486.0 |
497.0 |
11.0 |
1.61 |
1.61 |
|
| |
|
513.0 |
521.0 |
8.0 |
0.98 |
0.98 |
|
| |
|
562.0 |
574.0 |
12.0 |
1.04 |
1.04 |
|
| DG-08-370 |
17,940E |
85.0 |
92.0 |
7.0 |
1.08 |
1.08 |
|
| (Calcite Zone) |
|
107.0 |
117.0 |
10.0 |
0.67 |
0.67 |
|
| DG-08-373 |
18,100E |
284.0 |
304.0 |
20.0 |
2.33 |
2.33 |
Upper Pillow Flow |
| (Calcite Zone) |
|
325.0 |
335.0 |
10.0 |
0.80 |
0.80 |
|
| |
|
371.0 |
379.0 |
8.0 |
1.18 |
1.18 |
|
| |
|
391.0 |
451.0 |
60.0 |
1.60 |
1.60 |
Lower Pillow Flow |
| |
|
464.0 |
542.0 |
78.0 |
1.35 |
1.35 |
Lower Pillow Flow |
| DG-08-374 |
17,820E |
56.0 |
64.0 |
8.0 |
1.51 |
1.51 |
|
| (Calcite Zone) |
|
104.0 |
116.0 |
12.0 |
0.70 |
0.70 |
|
| DG-08-375 |
17,820E |
59.0 |
66.5 |
7.5 |
2.09 |
1.56 |
|
| (Calcite Zone) |
|
Inc. 64.5 |
65.0 |
0.5 |
27.95 |
20.00 |
|
| |
|
152.0 |
162.0 |
10.0 |
0.87 |
0.87 |
|
| DG-08-376 |
17,740E |
65.0 |
73.0 |
8.0 |
0.87 |
0.87 |
|
| (Calcite Zone) |
|
314.0 |
326.0 |
12.0 |
0.77 |
0.77 |
|
| DG-08-385 |
18,140E |
185.0 |
197.0 |
12.0 |
0.72 |
0.72 |
|
| (Calcite Zone) |
|
369.0 |
383.0 |
14.0 |
1.28 |
1.28 |
|
| |
|
412.0 |
421.0 |
9.0 |
0.86 |
0.86 |
|
| |
|
430.0 |
441.0 |
11.0 |
1.31 |
1.31 |
|
| |
|
458.5 |
471.0 |
12.5 |
1.95 |
1.39 |
|
| |
|
Inc. 458.5 |
459.0 |
0.5 |
33.86 |
20.00 |
|
| |
|
488.0 |
495.0 |
7.0 |
3.23 |
2.92 |
|
| |
|
Inc. 490.6 |
491.1 |
0.5 |
24.38 |
20.00 |
|
| DG-08-389 |
18,580E |
21.0 |
43.0 |
22.0 |
5.29 |
1.67 |
Lower Pillow Flow |
| (Calcite Zone) |
|
Inc. 41.0 |
42.0 |
1.0 |
99.58 |
20.00 |
|
| |
|
110.0 |
118.0 |
8.0 |
1.01 |
1.01 |
|
| |
|
162.0 |
240.0 |
78.0 |
0.96 |
0.96 |
Lower Massive Flow |
| DG-08-396 |
18,180E |
79.0 |
107.0 |
28.0 |
1.74 |
1.64 |
Lower Pillow Flow |
| (Calcite Zone) |
|
Inc. 100.0 |
101.0 |
1.0 |
22.60 |
20.00 |
|
| |
|
136.0 |
151.0 |
15.0 |
1.04 |
1.04 |
|
| |
|
252.0 |
265.0 |
13.0 |
1.44 |
1.44 |
|
| |
|
290.0 |
302.0 |
12.0 |
1.14 |
1.14 |
|
| DG-08-397 |
18,140E |
83.0 |
90.0 |
7.0 |
1.15 |
1.15 |
|
| (Calcite Zone) |
|
|
|
|
|
|
|
| DG-08-400 |
18,140E |
43.0 |
51.0 |
8.0 |
5.04 |
2.88 |
Upper Massive Flow |
| (Calcite Zone) |
|
Inc. 43.0 |
44.0 |
1.0 |
37.30 |
20.00 |
|
| |
|
98.0 |
114.0 |
16.0 |
4.33 |
1.42 |
Upper Pillow Flow |
| |
|
Inc. 102.0 |
102.5 |
0.5 |
113.43 |
20.00 |
|
| |
|
153.0 |
174.0 |
21.0 |
1.32 |
1.06 |
Lower Pillow Flow |
| |
|
Inc. 173.5 |
174.0 |
0.5 |
31.01 |
20.00 |
|
| |
|
255.3 |
263.0 |
7.7 |
5.19 |
4.88 |
Lower Massive Flow |
| |
|
Inc. 258.0 |
259.0 |
1.0 |
22.40 |
20.00 |
|
Note: All values above 20 g/t in the composite are reported in the
table. True width is estimated to be 65 to 75% of the drilled length.
|