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

02/12/2008

Download this Press Release (PDF 165 KB)

(DG-07-194A intersects 16.97 g/t over 15.0 m in West Pit)

Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") is pleased to report the drill results of 38 holes from its Phase II drilling program at the Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 199 holes totaling 73,620 metres (including 15 holes abandoned for 1,290 metres). The Company has now reported 72 holes totaling 22,487 metres (including six holes abandoned for 303 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.

Drilling in the West Pit area (17 holes, including two abandoned) is continuing to return excellent and consistent results. Significant new mineralization was found outside of the boundaries of the current US$575 and US$700 pit shells, at the east end of the West Pit, in holes DG-07-194A, DG-07-187, DG-07-174, and DG-07-156. In the Gap Zone area, five (5) of the seven (7) drill holes tested only a small portion of the mineralized corridor, near the upper level of the Chert Marker Horizon (CMH) and footwall zone. Encouraging results were obtained from another 14 holes (including one abandoned) in the Calcite Zone.

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

West Pit:

DG-07-156

DG-07-173

DG-07-174

DG-07-180

2.33 g/t over 37.0 m

1.27 g/t over 41.0 m

2.50 g/t over 23.0 m

1.54 g/t over 35.0 m

 

 

 

6.92 g/t over 8.0 m

DG-07-185

DG-07-194A

 

 

6.79 g/t over 27.0 m

16.97 g/t over 15.0 m

 

 

 

 

 

 

Gap Zone:

 

 

 

DG-07-167

DG-07183

DG-07-188

 

1.21 g/t over 48 m

21.35 g/t over 7.0 m

12.69 g/t over 7.0 m

 

 

5.37 g/t over 10.0 m

 

 


Calcite Zone:

DG-07-163A

DG-07-176

DG-07-189

DG-07-195

3.19 g/t over 16.0 m

4.47 g/t over 17.0 m

11.29 g/t over 11.0 m

2.16 g/t over 23.2 m

 

 

 

7.66 g/t over 7.0 m

Exploration drilling, outside of the deposit area, is progressing well with two (2) drill rigs that have completed 4,442 metres in 15 holes along a six kilometre strike length, east of the deposit.

The 2007-08 Phase II program was recently increased by another 10,000 metres for a total of 120,000 metres and is expected to be completed in the second quarter of 2008. The Company plans to release a mineral resource update by mid-2008, which would include Phase I and approximately half of Phase II drilling. Thus far, the results from the first 72 holes from Phase II are expected to be incremental to the current resource base.

On December 11, 2007, Detour Gold reported a resource update that included Phase I drilling. The open pit gold resource (capped at 20 g/t gold) contains 1.22 M oz in measured (19.7 Mt grading 1.93 g/t), 3.61 M oz in indicated (70.2 Mt grading 1.60 g/t) and 3.02 M oz in inferred (63.3 Mt grading 1.49 g/t), using a gold price of US$575/oz (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.detourgold.com 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. Details on the current mineral resource are available in the January 2008 Technical Report, which is posted on the Company's website or on SEDAR (www.sedar.com).

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.

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.



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-07-148

18,840E

55.0

81.5

26.5

0.94

0.94

 

(Gap Zone)

 

162.0

169.0

7.0

1.13

1.13

 

 

 

326.5

333.0

6.5

1.58

1.58

 

DG-07-151

18,500E

59.0

68.0

9.0

2.37

2.37

 

(Calcite Zone)

 

120.0

128.0

8.0

2.16

2.16

 

DG-07-156

20,140E

173.0

210.0

37.0

2.33

1.64

Talc schist (SLDZ)

(West Pit)

 

Inc. 195.0

196.0

1.0

45.31

20.00

 

DG-07-161

18,200E

102.0

122.0

20.0

1.03

1.03

 

(Calcite Zone)

 

146.0

157.0

11.0

0.75

0.75

 

 

 

208.0

220.0

12.0

1.14

1.14

 

 

 

281.0

289.0

8.0

2.06

2.06

 

 

 

366.0

389.0

23.0

1.41

1.41

 

 

 

420.0

427.0

7.0

1.05

1.05

 

DG-07-163

18,540E

Abandoned, not sampled

(Calcite Zone)

 

DG-07-163A

18,540E

179.0

198.0

19.0

1.59

1.49

Upper Mafic Flow

(Calcite Zone)

 

Inc. 179.0

180.0

1.0

21.86

20.00

 

 

 

331.0

338.0

7.0

2.20

2.03

 

 

 

Inc. 333.0

333.5

0.5

22.29

20.00

 

 

 

435.0

451.0

16.0

3.19

2.31

Mafic Flow

 

 

Inc. 444.0

444.5

0.5

48.03

20.00

 

DG-07-164

19,400E

63.0

74.9

11.9

2.88

2.53

Lower Pillow Flow

(West Pit)

 

Inc. 74.4

74.9

0.5

28.31

20.00

 

 

 

105.0

112.0

7.0

1.28

1.28

 

 

 

121.0

150.0

29.0

0.93

0.93

 

 

 

273.0

286.0

13.0

0.87

0.87

 

DG-07-165

19,720E

80.0

90.0

10.0

0.76

0.76

 

(West Pit)

 

214.0

221.0

7.0

2.81

2.81

 

 

 

337.0

344.0

7.0

1.78

1.64

 

 

 

Inc. 339.5

340.0

0.5

21.94

20.00

 

DG-07-166

18,760E

61.0

68.0

7.0

1.60

1.60

 

(Gap Zone)

 

 

 

 

 

 

 

DG-07-167

18,700E

75.0

123.0

48.0

1.21

1.01

PF/MF contact

(Gap Zone)

 

Inc. 117.0

117.5

0.5

38.58

20.00

 

 

 

167.0

177.0

10.0

0.84

0.84

 

DG-07-168

18,500E

136.0

150.0

14.0

2.25

2.25

Mafic Flow

(Calcite Zone)

 

207.0

214.0

7.0

1.17

1.17

 

 

 

280.0

294.0

14.0

0.93

0.93

 

 

 

308.0

323.0

15.0

0.96

0.96

 

 

 

412.0

419.0

7.0

2.88

2.88

 

 

 

466.0

475.0

9.0

1.12

1.12

 

 

 

488.0

500.0

12.0

1.18

1.18

 

DG-07-169

19,720E

No significant results

(West Pit)

 

DG-07-170

19,520E

35.0

40.0

5.0

2.41

2.07

 

(West Pit)

 

Inc. 36.8

37.3

0.5

23.39

20.00

 

 

 

54.8

62.0

7.2

2.19

2.19

 

 

 

100.0

112.0

12.0

1.45

1.45

 

DG-07-171

18,620E

No significant results

(West Pit)

 

DG-07-172

18,240E

136.0

147.0

11.0

0.87

0.87

 

(Calcite Zone)

 

265.0

272.0

7.0

1.26

1.26

 

 

 

351.0

361.0

10.0

0.76

0.76

 

DG-07-173

19,520E

60.0

68.0

8.0

3.06

3.06

 

(West Pit)

 

135.0

176.0

41.0

1.27

1.16

MF/CMH contact

 

 

Inc. 164.0

165.0

1.0

24.60

20.00

 

DG-07-174

20,120E

194.0

202.0

8.0

1.89

1.89

 

(West Pit)

 

236.0

246.0

10.0

2.92

1.55

Lower Mafic Flow

 

 

Inc. 243.6

244.1

0.5

47.35

20.00

 

 

 

262.0

272.0

10.0

1.12

1.12

 

 

 

284.0

307.0

23.0

2.50

2.02

CMH

 

 

Inc. 300.1

300.6

0.5

29.90

20.00

 

 

 

Inc. 300.6

301.1

0.5

32.10

20.00

 

 

 

341.0

349.0

8.0

1.27

1.27

 

DG-07-175

18,580E

67.5

78.0

10.5

1.40

1.40

 

(Calcite Zone)

 

128.0

141.0

13.0

3.75

2.11

Mafic Flow

 

 

Inc. 140.0

141.0

1.0

41.30

20.00

 

DG-07-176

18,500E

179.0

196.0

17.0

4.47

1.28

Upper Mafic Flow

(Calcite Zone)

 

Inc. 179.0

179.5

0.5

128.34

20.00

 

 

 

211.0

225.0

14.0

1.57

1.57

 

 

 

313.0

337.0

24.0

1.53

1.53

PF/MF contact

 

 

389.0

407.0

18.0

0.87

0.87

 

DG-07-177

19,600E

132.0

147.0

15.0

1.15

1.15

 

(West Pit)

 

 

 

 

 

 

 

DG-07-178

18,700E

No significant results

(Gap Zone)

 

DG-07-179

18,260E

45.0

61.0

16.0

1.53

1.53

 

(Calcite Zone)

 

76.0

87.0

11.0

0.72

0.72

 

DG-07-180

19,600E

53.0

88.0

35.0

1.54

1.54

Upper Mafic Flow

(West Pit)

 

107.0

117.0

10.0

2.09

2.09

 

 

 

130.0

138.0

8.0

6.92

3.09

Mafic Flow

 

 

Inc. 134.0

135.0

1.0

50.60

20.00

 

 

 

157.8

170.0

12.2

2.26

2.26

Mafic Flow

 

 

200.0

208.0

8.0

1.09

1.09

 

 

 

263.0

286.0

23.0

2.13

2.13

CMH

DG-07-181

20,040E

No significant results; intersected a stope

(West Pit)

 

DG-07-181A

20,040E

No significant results

(West Pit)

 

DG-07-182

18,560E

181.0

189.0

8.0

1.34

1.34

 

(Calcite Zone)

 

224.0

241.0

17.0

1.72

1.60

Upper Mafic Flow

 

 

Inc. 240.0

241.0

1.0

22.10

20.00

 

 

 

361.0

377.0

16.0

1.14

1.14

 

 

 

472.0

492.0

20.0

0.94

0.94

 

DG-07-183

18,800E

38.0

46.5

8.5

0.89

0.89

 

(Gap Zone)

 

101.00

112.0

11.0

0.78

0.78

 

 

 

200.0

209.0

9.0

0.82

0.82

 

 

 

228.0

235.0

7.0

21.35

9.75

Pillow Flow

 

 

Inc. 228.0

229.0

1.0

89.70

20.00

 

 

 

Inc. 229.0

230.0

1.0

24.20

20.00

 

 

 

Inc. 230.5

231.0

0.5

34.63

20.00

 

 

 

273.0

284.0

11.0

0.74

0.74

 

 

 

303.0

326.0

23.0

1.16

1.16

Upper Mafic Flow

 

 

383.0

393.0

10.0

5.37

3.48

Lower Mafic Flow

 

 

Inc. 383.0

384.0

1.0

38.90

20.00

 

 

 

408.0

417.0

9.0

1.10

1.10

 

DG-07-184

18,220E

No significant results

(Calcite Zone)

 

DG-07-185

19,660E

62.0

80.0

18.0

1.06

1.06

 

(West Pit)

 

138.9

160.0

21.1

1.25

1.25

Lower Mafic Flow

 

 

232.0

259.0

27.0

6.79

2.53

Lower Mafic Flow

 

 

Inc. 233.5

234.0

0.5

178.53

20.00

 

 

 

Inc. 241.0

241.6

0.6

31.30

20.00

 

 

 

Inc. 246.0

246.5

0.5

61.69

20.00

 

 

 

Inc. 254.0

255.0

1.0

28.30

20.00

 

 

 

297.0

318.0

21.0

0.88

0.88

 

 

 

339.0

360.0

21.0

0.79

0.79

 

DG-07-186

18,220E

36.0

50.0

14.0

1.20

1.20

 

(Calcite Zone)

 

62.0

74.0

12.0

0.85

0.85

 

 

 

176.5

186.0

9.5

3.14

2.76

Mafic Flow

 

 

Inc. 184.5

185.0

0.5

27.10

20.00

 

DG-07-187

19,960E

Abandoned, not sampled

(West Pit)

 

DG-07-187A

19,960E

321.0

328.0

7.0

1.84

1.84

 

(West Pit)

 

339.0

346.0

7.0

1.53

1.53

 

DG-07-188

18,620E

80.0

87.0

7.0

1.25

1.25

 

(Gap Zone)

 

181.0

187.0

6.0

3.87

3.87

 

 

 

261.0

285.0

24.0

1.02

0.82

 

 

 

Inc. 279.7

280.2

0.5

29.32

20.00

 

 

 

344.0

351.0

7.0

12.69

3.25

Lower Pillow Flow

 

 

Inc. 346.0

347.0

1.0

86.10

20.00

 

 

 

416.0

422.0

6.0

1.03

1.03

 

 

 

436.0

441.0

5.0

1.97

1.97

 

DG-07-189

18,100E

131.0

138.0

7.0

1.63

1.63

 

(Calcite Zone)

 

150.0

157.0

7.0

1.09

1.09

 

 

 

179.0

190.0

11.0

0.94

0.94

 

 

 

296.0

307.0

11.0

11.29

5.84

Lower Mafic Flow

 

 

Inc. 300.0

301.0

1.0

35.40

20.00

 

 

 

Inc. 304.0

305.0

1.0

64.60

20.00

 

 

 

327.0

342.0

15.0

2.27

2.27

Lower Mafic Flow

 

 

376.0

384.0

8.0

1.01

1.01

 

DG-07-191

19,800E

47.00

54.0

7.0

1.15

1.15

 

(West Pit)

 

100.0

107.0

7.0

1.12

1.12

 

 

 

149.00

157.0

8.0

1.27

1.27

 

 

 

236.0

249.0

13.0

1.46

1.46

 

DG-07-192

19,760E

40.5

49.0

8.5

1.37

1.37

 

(West Pit)

 

279.0

286.0

7.0

1.14

1.14

 

DG-07-194A

19,920E

328.0

337.0

9.0

1.19

1.19

 

(West Pit)

 

351.0

364.0

13.0

1.05

1.05

 

 

 

374.0

382.0

8.0

1.05

1.05

 

 

 

474.0

489.0

15.0

16.97

6.20

Chloritic Greenstone (SLDZ)

 

 

Inc. 474.0

474.5

0.5

33.61

20.00

 

 

 

Inc. 474.5

475.0

0.5

110.41

20.00

 

 

 

Inc. 475.0

475.5

0.5

121.89

20.00

 

 

 

Inc. 477.0

477.5

0.5

108.31

20.00

 

 

 

Inc. 477.5

478.0

0.5

23.43

20.00

 

 

 

Inc. 478.5

479.0

0.5

45.36

20.00

 

DG-07-195

18,140E

150.0

165.0

15.0

2.18

2.18

Pillow Flow

(Calcite Zone)

 

186.0

209.2

23.2

2.16

2.16

Lower Pillow Flow

 

 

280.0

285.0

5.0

8.07

2.14

Mafic Flow

 

 

Inc. 283.0

283.5

0.5

79.22

20.00

 

 

 

302.0

309.0

7.0

7.66

4.15

Lower Mafic Flow

 

 

Inc. 304.7

305.3

0.6

37.40

20.00

 

 

 

Inc. 306.4

306.9

0.5

48.16

20.00

 

 

 

319.0

326.0

7.0

3.61

1.49

Lower Mafic Flow

 

 

Inc. 319.5

320.0

0.5

49.72

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.


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