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Detour Gold Reports First Results of 2007 Phase II Drilling at its Detour Lake Property in Northern Ontario, Canada

01/16/2008

Download this Press Release (PDF 137 KB)

(DG-07-157 intersects 2.28 g/t over 75.5 m in Calcite Zone)

Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") is pleased to report the drill results of the first 34 holes from its Phase II drilling program at its Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 181 holes totaling 63,432 metres (including 15 holes abandoned for 1,290 metres). There are six (6) active drill rigs on site; four of which are on the Phase II program and two on the exploration program.

The 2007-08 Phase II program will total approximately 110,000 metres and is expected to be completed in the second quarter of 2008. As announced last week, approximately 50,000 metres was added to this program to expand the deposit west of the Calcite Zone and to follow up on additional mineralization that was found in the hanging wall during the 2007 campaign. The Company is planning on releasing a mineral resource update by mid-2008, which would include Phase I and approximately half of Phase II drilling.

Successful results were obtained in the Calcite Zone where four (4) of six (6) holes returned gold grades ranging from 1 to 2 g/t over wide intervals of 50 metres or more. The Calcite Zone is relatively untested with only 14 holes drilled in Phase I and remains open to the west for another 1.5 kilometres. In the Gap Zone, eight (8) of the nine (9) drill holes (including one abandoned) tested only a small portion of the mineralized corridor, near the upper level of the Chert Marker Horizon (CMH) and footwall zone. In the West Pit area, assays from 19 holes (including two abandoned holes) continue to return excellent and consistent results.

The best mineralized (uncut) intervals encountered are shown below.

West Pit:

 

 

 

DG-07-128

DG-07-129

DG-07-135

DG-07-140

14.22 g/t over 7.0 m

4.85 g/t over 17.7 m

1.38 g/t over 52.0 m

43.82 g/t over 9.0 m

 

 

 

5.34 g/t over 10.0 m

DG-07-144

DG-07-146

DG-07-147A

 

1.56 g/t over 75.0 m

1.99 g/t over 59.0 m

2.52 g/t over 35.0 m

 

 

 

 

 


Calcite Zone:

 

 

 

DG-07-138

DG-07-142

DG-07-145

DG-07-157

1.38 g/t over 50.0 m

1.34 g/t over 48.0 m

1.14 g/t over 56.0 m

2.28 g/t over 75.5 m

On December 11, 2007, Detour Gold reported a resource update that included Phase I drilling. The open pit resource (capped at 20 g/t gold) contains 4.8 million ounces of gold in the measured and indicated categories (89.9 million tonnes grading 1.67 g/t) and 3.0 million ounces of gold in the inferred category (63.3 million tonnes grading 1.49 g/t), using a gold price of US$575 per ounce (equivalent to a cut-off grade of 0.64 g/t gold). The current resource is contained within one large pit, located in the area of the former Detour Lake mine, which produced 1.8 million ounces of gold from 1983 to 1999.

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.hdgold.com 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. The December 2007 mineral resource was prepared by Thon Consulting and audited by Michael W. Kociumbas, P.Geo., Vice-President of Watts, Griffis and McOuat Limited. The NI 43-101 Technical Report is expected to be filed by the end of January.

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, refer to the press release dated April 11, 2007.

Details on the current mineral resource are available in the Press Release dated December 11, 2007, which is posted on the Company's website or on SEDAR (www.sedar.com).

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

Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as "intends" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information includes statements regarding the Company's exploration plans with respect to the Property and the estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations and other risks involved in the gold exploration and development industry as well as those risk factors discussed under "Risk Factors" in the Company's final prospectus dated January 22, 2007 available at www.sedar.com. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Detour Gold. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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.


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-07-128

19,460E

47.0

58.0

11.0

0.88

0.88

 

(West Pit)

 

113.0

123.0

10.0

1.91

1.91

 

 

 

138.0

149.0

11.0

1.31

1.31

 

 

 

182.0

189.0

7.0

1.98

1.98

 

 

 

205.0

212.0

7.0

14.22

3.75

Lower Pillow Flow

 

 

Inc. 206.0

206.5

0.5

166.63

20.00

 

 

 

319.0

326.0

7.0

1.92

1.92

 

 

 

372.0

382.0

10.0

0.70

0.70

 

DG-07-129

19,600E

283.0

304.0

21.0

1.32

1.32

PF/MF contact

(West Pit)

 

326.0

343.7

17.7

4.85

3.05

Lower Pillow Flow

 

 

Inc. 341.0

341.5

0.5

83.57

20.00

 

DG-07-130

19,400E

96.0

121.0

25.0

0.77

0.77

 

(West Pit)

 

203.0

235.0

32.0

1.10

1.10

Pillow Flow

 

 

243.9

255.0

11.1

2.93

2.73

Pillow Flow

 

 

Inc. 250.7

251.3

0.6

23.70

20.00

 

 

 

341.0

348.0

7.0

1.51

1.51

 

DG-07-131

19,400E

Abandoned, not sampled

(West Pit)

 

DG-07-131A

19,400E

No significant results, drilled in footwall

(West Pit)

 

DG-07-132

19,400E

68.0

75.7

7.7

1.89

1.89

 

(West Pit)

 

154.0

159.0

5.0

2.38

2.38

 

DG-07-133

18,880E

153.0

159.0

6.0

1.17

1.17

 

(Gap Zone)

 

204.5

222.0

17.5

1.41

1.41

Upper Mafic Flow

 

 

247.0

252.0

5.0

2.33

2.33

 

 

 

312.0

317.0

5.0

1.56

1.56

 

 

 

359.0

367.0

8.0

3.00

3.00

 

DG-07-134

18,960E

No significant results

(Gap Zone)

 

DG-07-135

19,480E

30.0

82.0

52.0

1.38

1.02

PF/MF contact

(West Pit)

 

Inc. 81.5

82.0

0.5

57.70

20.00

 

 

 

138.0

145.0

7.0

5.28

3.11

Mafic Flow

 

 

Inc. 143.0

144.0

1.0

35.20

20.00

 

 

 

258.0

282.0

24.0

1.79

1.79

Footwall Talc Schist

DG-07-136

20,320E

43.0

50.0

7.0

1.15

1.15

 

(West Pit)

 

283.0

290.0

7.0

1.11

1.11

 

DG-07-137

18,960E

37.0

48.0

11.0

0.79

0.79

 

(Gap Zone)

 

60.0

76.4

16.4

2.76

1.63

Mafic Flow

 

 

Inc. 72.0

72.5

0.50

57.16

20.00

 

 

 

126.0

140.0

14.0

1.38

1.38

 

DG-07-138

18,460E

66.0

73.0

7.0

1.16

1.16

 

(Calcite Zone)

 

190.0

240.0

50.0

1.38

1.38

Pillow Flow

 

 

284.0

291.0

7.0

1.13

1.13

 

 

 

368.0

378.6

10.6

1.08

1.08

 

DG-07-139

20,180E

61.0

73.0

12.0

0.77

0.77

 

(West Pit)

 

340.0

347.0

7.0

1.38

1.38

 

DG-07-140

19,520E

40.0

47.0

7.0

2.02

2.02

 

(West Pit)

 

95.0

117.4

22.4

1.04

1.04

 

 

 

133.0

142.0

9.0

43.82

1.44

MF/PF contact

 

 

Inc. 135.9

136.4

0.5

782.84

20.00

 

 

 

190.0

200.0

10.0

5.34

2.59

Mafic Flow

 

 

Inc. 196.0

196.5

0.5

22.46

20.00

 

 

 

Inc. 198.3

199.0

0.7

57.43

20.00

 

 

 

224.0

232.0

8.0

1.19

1.19

 

 

 

303.0

315.0

12.0

1.27

1.27

 

DG-07-141

18,920E

65.0

72.0

7.0

1.43

1.43

 

(Gap Zone)

 

 

 

 

 

 

 

DG-07-142

18,460E

63.0

70.0

7.0

1.08

1.08

 

(Calcite Zone)

 

86.0

134.0

48.0

1.34

1.34

Pillow Flow

 

 

188.0

199.0

11.0

0.78

0.78

 

DG-07-143

18,840E

Abandoned, not sampled

(Gap Zone)

 

DG-07-143A

18,840E

70.0

78.0

8.0

1.10

1.10

 

(Gap Zone)

 

 

 

 

 

 

 

DG-07-144

19,520E

20.0

27.0

7.0

2.10

2.10

 

(West Pit)

 

106.0

181.0

75.0

1.56

1.27

Pillow Flow

 

 

Inc. 106.6

107.1

0.5

63.53

20.00

 

DG-07-145

18,460E

29.0

85.0

56.0

1.14

1.14

Pillow Flow

(Calcite Zone)

 

98.0

120.0

22.0

1.16

1.16

Lower Pillow Flow

 

 

163.0

172.0

9.0

0.86

0.86

 

 

 

186.0

192.0

6.0

4.35

4.35

Upper Mafic Flow

 

 

204.0

225.0

21.0

2.08

1.59

Mafic Flow

 

 

Inc. 211.0

212.0

1.0

30.18

20.00

 

DG-07-146

20,080E

245.0

304.0

59.0

1.99

1.66

MF/CMH

(West Pit)

 

Inc. 254.0

255.0

1.0

30.94

20.00

 

 

 

Inc. 273.6

274.3

0.7

32.23

20.00

 

DG-07-147

19,480E

Abandoned, not sampled

(West Pit)

 

DG-07-147A

19,480E

35.0

42.0

7.0

1.24

1.24

 

 

 

101.0

108.0

7.0

1.05

1.05

 

 

 

170.0

199.0

29.0

0.78

0.78

Pillow Flow

 

 

213.0

221.0

8.0

1.53

1.53

 

 

 

240.8

248.0

7.2

1.48

1.48

 

 

 

264.0

299.0

35.0

2.52

1.95

Lower Pillow Flow

 

 

Inc. 274.0

275.0

1.0

39.84

20.00

 

 

 

364.8

376.0

11.2

0.99

0.99

 

DG-07-149

18,420E

56.0

67.0

11.0

0.88

0.88

 

(Calcite Zone)

 

123.0

131.0

8.0

2.68

2.52

 

 

 

Inc. 125.5

126.0

0.5

22.59

20.00

 

 

 

182.0

189.0

7.0

1.52

1.52

 

DG-07-150

20,040E

No significant results- drilled in footwall

(West Pit)

 

DG-07-152

20,020E

443.0

453.0

10.0

2.20

2.20

 

(West Pit)

 

 

 

 

 

 

 

DG-07-153

19,520E

248.0

255.0

7.0

1.15

1.15

 

(West Pit)

 

277.0

298.0

21.0

1.32

1.32

PF/MF contact

DG-07-154

18,820E

96.0

103.0

7.0

2.32

2.32

 

(Gap Zone)

 

124.0

131.0

7.0

1.93

1.93

 

DG-07-155

18,460E

66.0

71.0

5.0

2.01

2.01

 

(Calcite Zone)

 

 

 

 

 

 

 

DG-07-157

18,540E

147.5

223.0

75.5

2.28

1.59

Pillow Flow

(Calcite Zone)

 

Inc. 147.5

148.0

0.5

102.31

20.00

 

 

 

Inc. 222.0

223.0

1.0

31.10

20.00

 

 

 

241.0

281.0

40.0

1.29

1.05

Lower Pillow Flow

 

 

Inc. 252.0

252.5

0.5

39.05

20.00

 

 

 

297.0

304.0

7.0

4.50

4.48

PF/MF contact

 

 

Inc. 299.0

300.0

1.0

20.20

20.00

 

DG-07-158

19,440E

43.0

50.0

7.0

1.41

1.41

 

(West Pit)

 

72.0

86.0

14.0

3.08

2.83

Pillow Flow

 

 

Inc. 72.0

73.0

1.0

21.99

20.00

 

 

 

Inc. 85.5

86.0

0.5

22.99

20.00

 

 

 

106.0

124.0

18.0

1.96

1.90

Lower Pillow Flow

 

 

Inc. 115.5

116.0

0.50

22.09

20.00

 

 

 

330.0

337.0

7.0

1.50

1.50

 

DG-07-159

18,800E

53.0

62.0

9.0

1.53

1.53

 

(Gap Zone)

 

 

 

 

 

 

 

DG-07-160

19,720E

298.5

308.5

10.0

2.03

1.74

 

(West Pit)

 

Inc. 298.5

299.0

0.5

25.89

20.00

 

DG-07-162

18,760E

55.0

62.0

7.0

0.94

0.94

 

(Gap Zone)

 

 

 

 

 

 

 

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.

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