Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to report the drill results of 27 holes from the
Calcite and Gap Zones of 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 302 holes totaling 119,002
metres (including 19 holes abandoned for 1,624 metres). The Company has
now reported 187 holes totaling 68,428 metres (including 15 holes
abandoned for 1,290 metres). There are four (4) active drill rigs on
site.
Detour Gold has been very successful in drilling the Calcite Zone, which
will have a positive impact on the upcoming resource update. Results
from 22 holes in the Calcite Zone are indicating additional gold
mineralization outside the US$575 pit shell and within the US$700 pit
shell. Of importance, near-surface mineralization was encountered in
holes DG-07-267 with 1.83 g/t (cut) over 113.5 metres and DG-07-265 with
1.37 g/t (cut) over 71 metres. Several significant mineralized zones
were intersected at the contact of the SLDZ and massive flow below the
US$700 pit shell (DG-08-309 on section 17,900E and DG-07-251 on section
18,220E).
Gold mineralization was encountered in all five (5) holes drilled in the
Gap Zone. Of importance, hole DG-08-301 intersected 0.93 g/t over 70.0
metres near-surface at approximately 400 metres northward in the hanging
wall and DG-08-294, located 40 metres to the east, intersected the same
zone with 1.05 g/t over 47.0 metres.
The best mineralized (uncut) intervals encountered are shown below.
Calcite Zone |
DG-07-251 |
DG-07-265 |
DG-07-267 |
DG-07-271 |
1.38 g/t over 47.0 m
1.30 g/t over 26.0 m |
1.37 g/t over 71.0 m
|
1.85 g/t over 113.5 m
4.57 g/t over 7.0 m |
1.15 g/t over 28.0 m
1.76 g/t over 31.0 m
1.64 g/t over 26.0 m |
DG-07-275 |
DG-07-276 |
DG-07-281 |
DG-07-282 |
1.68 g/t over 45.0 m
2.35 g/t over 15.0 m |
2.67 g/t over 29.0 m
|
7.01 g/t over 16.0 m
|
12.29 g/t over 7.0 m
1.45 g/t over 27.0 m |
DG-08-295 |
DG-08-303 |
|
|
3.29 g/t over 21.5 m
| 5.85 g/t over 10.0 m
| |
|
|
|
|
|
Gap Zone |
|
|
|
DG-08-294 |
DG-08-299 |
DG-08-301 |
DG-08-307 |
1.05 g/t over 47.0 m
5.34 g/t over 11.0 m |
7.36 g/t over 10.0 m
2.06 g/t over 20.0 m |
0.93 g/t over 70.0 m
1.03 g/t over 33.0 m
4.11 g/t over 10.0 m |
3.40 g/t over 17.0 m
2.37 g/t over 25.0 m |
The Company is extremely confident in meeting its objectives of
outlining a mineral resource of over 10 million ounces of gold at Detour
Lake. The Company expects to release its mineral resource update on
July 2 at 5:00 PM ET followed by a conference call on July 3 at 10:00 AM
ET. The base case will be using a gold price of US$700 per ounce
(equivalent to 0.5 g/t cut-off grade) and a US$ exchange rate of 1.10.
The resource update will be based on a fully designed and engineered
open pit based on a 30,000 tpd operation for the first few years and
increasing to 60,000 tpd thereafter. This scenario will serve as the
basis of our 2008 feasibility study to be completed by year-end.
The Phase II drill program (135,000 metres) is expected to be completed
by mid-2008. Approximately half of that program, along with Phase I,
will be included in the new resource update. The Company will be
planning a Phase III drill program in the coming months to complete the
feasibility study and further test the western extension of the Detour
Lake deposit.
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 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. 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 ("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
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 RockUnit
|
DG-07-246 |
18,340E |
80.0 |
88.0 |
8.0 |
0.85 |
0.85 |
|
(Calcite Zone) |
|
207.0 |
217.0 |
10.0 |
1.26 |
1.26 |
|
|
|
251.0 |
269.0 |
18.0 |
2.41 |
2.41 |
Lower Pillow Flow |
|
|
295.0 |
317.0 |
22.0 |
0.79 |
0.79 |
|
DG-07-251 |
18,220E |
159.0 |
185.0 |
26.0 |
1.30 |
1.30 |
Upper Pillow Flow |
(Calcite Zone) |
|
234.0 |
241.0 |
7.0 |
2.18 |
2.18 |
|
|
|
271.0 |
281.0 |
10.0 |
1.52 |
1.52 |
|
|
|
568.0 |
615.0 |
47.0 |
1.41 |
1.41 |
Lower MF/CMH |
DG-07-255 |
18,140E |
215.0 |
234.0 |
19.0 |
1.16 |
1.16 |
|
(Calcite Zone) |
|
325.0 |
346.0 |
21.0 |
2.03 |
2.03 |
Lower Pillow Flow |
|
|
400.0 |
410.0 |
10.0 |
2.30 |
2.11 |
|
|
|
Inc. 407.0 |
408.0 |
1.0 |
21.85 |
20.00 |
|
DG-07-265 |
18,500E |
77.0 |
148.0 |
71.0 |
1.37 |
1.37 |
Lower Pillow Flow |
(Calcite Zone) |
|
174.0 |
184.0 |
10.0 |
0.88 |
0.88 |
|
|
|
241.0 |
248.0 |
7.0 |
2.56 |
2.56 |
|
|
|
312.0 |
319.0 |
7.0 |
1.45 |
1.45 |
|
DG-07-267 |
18,580E |
55.5 |
169.0 |
113.5 |
1.85 |
1.83 |
Lower PF /Upper MF |
(Calcite Zone) |
|
Inc. 76.0 |
77.0 |
1.0 |
22.20 |
20.00 |
|
|
|
309.0 |
316.0 |
7.0 |
4.57 |
2.13 |
Lower Massive Flow |
|
|
Inc. 310.0 |
310.5 |
0.5 |
54.06 |
20.00 |
|
|
|
332.0 |
343.0 |
11.0 |
1.73 |
1.73 |
|
|
|
357.0 |
365.0 |
8.0 |
2.21 |
2.21 |
|
|
|
381.0 |
391.0 |
10.0 |
1.25 |
1.25 |
|
DG-07-271 |
18,460E |
163.0 |
191.0 |
28.0 |
1.15 |
1.15 |
Upper Pillow Flow |
(Calcite Zone) |
|
280.0 |
294.0 |
14.0 |
1.71 |
1.71 |
|
|
|
318.0 |
349.0 |
31.0 |
1.76 |
1.76 |
Lower Pillow Flow |
|
|
409.0 |
435.0 |
26.0 |
1.64 |
1.03 |
Lower Massive Flow |
|
|
Inc. 432.5 |
433.0 |
0.5 |
51.86 |
20.00 |
|
DG-07-275 |
18,340E |
93.0 |
107.0 |
14.0 |
1.64 |
1.64 |
|
(Calcite Zone) |
|
122.0 |
167.0 |
45.0 |
1.68 |
1.68 |
Lower PF/Upper MF |
|
|
194.0 |
202.0 |
8.0 |
2.68 |
2.68 |
|
|
|
253.0 |
260.0 |
7.0 |
1.40 |
1.40 |
|
|
|
286.0 |
301.0 |
15.0 |
2.35 |
1.98 |
Lower Massive Flow |
|
|
Inc. 300.0 |
301.0 |
1.0 |
25.50 |
20.00 |
|
|
|
350.0 |
366.0 |
16.0 |
1.52 |
1.52 |
|
DG-07-276 |
18,340E |
60.0 |
89.0 |
29.0 |
2.67 |
2.67 |
Upper MF/Lower PF |
(Calcite Zone) |
|
106.0 |
113.0 |
7.0 |
1.75 |
1.75 |
|
|
|
170.0 |
177.0 |
7.0 |
1.68 |
1.68 |
|
|
|
245.0 |
258.0 |
13.0 |
1.28 |
1.28 |
|
DG-07-277 |
18,300E |
54.0 |
62.0 |
8.0 |
2.61 |
2.61 |
|
(Calcite Zone) |
|
127.0 |
176.0 |
49.0 |
0.85 |
0.85 |
Lower PF / Upper MF |
|
|
249.0 |
256.0 |
7.0 |
1.35 |
1.35 |
|
|
|
393.3 |
401.0 |
7.7 |
2.13 |
2.13 |
|
|
|
432.0 |
439.0 |
7.0 |
2.02 |
2.02 |
|
DG-07-279 |
18,300E |
252.0 |
261.5 |
9.5 |
1.16 |
1.16 |
|
(Calcite Zone) |
|
301.0 |
308.0 |
7.0 |
1.62 |
1.62 |
|
|
|
374.0 |
381.0 |
7.0 |
1.63 |
1.63 |
|
|
|
398.0 |
405.0 |
7.0 |
1.38 |
1.38 |
|
|
|
451.5 |
465.0 |
13.5 |
1.19 |
1.19 |
|
|
|
519.5 |
543.0 |
23.5 |
0.77 |
0.77 |
|
DG-07-280 |
18,100E |
180.0 |
189.0 |
9.0 |
1.08 |
1.08 |
|
(Calcite Zone) |
|
|
|
|
|
|
|
DG-07-281 |
18,340E |
19.0 |
27.0 |
8.0 |
1.51 |
1.51 |
|
(Calcite Zone) |
|
79.0 |
95.0 |
16.0 |
7.01 |
2.58 |
Lower Massive Flow |
|
|
Inc. 81.5 |
82.0 |
0.5 |
37.20 |
20.00 |
|
|
|
Inc. 85.0 |
86.0 |
1.0 |
82.30 |
20.00 |
|
DG-07-282 |
18,540E |
199.0 |
223.0 |
24.0 |
0.90 |
0.90 |
|
(Calcite Zone) |
|
237.0 |
248.0 |
11.0 |
1.26 |
1.26 |
|
|
|
286.0 |
297.0 |
11.0 |
1.00 |
1.00 |
|
|
|
330.0 |
357.0 |
27.0 |
1.45 |
1.45 |
Upper Massive Flow |
|
|
542.0 |
565.0 |
23.0 |
1.48 |
1.48 |
Lower Mafic Flow |
|
|
573.0 |
580.0 |
7.0 |
12.29 |
2.72 |
Lower Mafic Flow |
|
|
Inc. 579.0 |
579.5 |
0.5 |
154.00 |
20.00 |
|
DG-07-284 |
18,380E |
Hole abandoned at 21
m. Not sampled. |
(Calcite Zone) |
|
|
|
|
|
|
|
DG-07-284A |
18,380E |
Hole lost at 123 m.
No significant results. |
(Calcite
Zone) |
|
|
|
|
|
|
|
DG-08-284B |
18,380E |
394.0 |
408.0 |
14.0 |
1.08 |
1.08 |
|
(Calcite Zone) |
|
419.0 |
433.0 |
14.0 |
0.95 |
0.95 |
|
|
|
472.0 |
502.8 |
30.8 |
0.95 |
0.95 |
Upper Pillow Flow |
|
|
520.0 |
527.5 |
7.5 |
1.25 |
1.25 |
|
|
|
573.0 |
589.0 |
16.0 |
1.74 |
1.74 |
Upper Pillow Flow |
|
|
602.0 |
630.0 |
28.0 |
1.20 |
1.20 |
Upper PF/Lower MF |
DG-08-287 |
18,060E |
154.0 |
176.0 |
22.0 |
1.27 |
1.27 |
Upper Pillow Flow |
(Calcite Zone) |
|
251.0 |
258.0 |
7.0 |
5.53 |
2.91 |
Lower Pillow Flow |
|
|
Inc. 256.0 |
257.0 |
1.0 |
38.30 |
20.00 |
|
|
|
269.5 |
287.0 |
17.5 |
0.66 |
0.66 |
|
|
|
311.0 |
322.0 |
11.0 |
1.45 |
1.45 |
|
DG-08-288 |
19,240E |
42.0 |
50.0 |
8.0 |
2.93 |
2.90 |
|
(Gap Zone) |
|
Inc. 44.0 |
45.0 |
1.0 |
20.20 |
20.00 |
|
|
|
62.0 |
73.0 |
11.0 |
1.90 |
1.90 |
|
|
|
127.0 |
147.0 |
20.0 |
1.61 |
1.61 |
Lower Massive Flow |
|
|
182.0 |
189.0 |
7.0 |
1.33 |
1.33 |
|
|
|
236.0 |
262.0 |
26.0 |
1.25 |
1.25 |
Lower MF/CMH |
DG-08-294 |
19,160E |
62.0 |
109.0 |
47.0 |
1.05 |
1.05 |
Lower Pillow Flow |
(Gap Zone) |
|
162.0 |
174.0 |
12.0 |
0.86 |
0.86 |
|
|
|
252.0 |
261.0 |
9.0 |
2.07 |
2.07 |
|
|
|
272.0 |
284.0 |
12.0 |
0.95 |
0.95 |
|
|
|
323.8 |
336.0 |
12.2 |
1.49 |
1.49 |
|
|
|
362.0 |
373.0 |
11.0 |
5.34 |
3.09 |
Lower Pillow Flow |
|
|
Inc. 362.0 |
363.0 |
1.0 |
44.80 |
20.00 |
|
|
|
443.0 |
450.5 |
7.5 |
4.06 |
2.08 |
Lower Massive Flow |
|
|
Inc. 450.0 |
450.5 |
0.5 |
49.80 |
20.00 |
|
|
|
469.5 |
483.0 |
13.5 |
0.95 |
0.95 |
|
|
|
519.0 |
526.0 |
7.0 |
1.22 |
1.22 |
|
DG-08-295 |
18,060E |
89.0 |
100.0 |
11.0 |
1.04 |
1.04 |
|
(Calcite Zone) |
|
112.0 |
133.0 |
21.0 |
1.10 |
1.10 |
|
|
|
165.0 |
172.0 |
7.0 |
2.06 |
2.06 |
|
|
|
184.0 |
201.0 |
17.0 |
1.36 |
1.36 |
|
|
|
248.0 |
255.0 |
7.0 |
2.84 |
2.84 |
|
|
|
409.0 |
416.0 |
7.0 |
1.30 |
1.30 |
|
|
|
434.5 |
456.0 |
21.5 |
3.29 |
2.72 |
Lower Massive Flow |
|
|
Inc. 436.0 |
436.5 |
0.5 |
36.47 |
20.00 |
|
|
|
Inc. 436.5 |
437.0 |
0.5 |
28.00 |
20.00 |
|
|
|
467.0 |
474.0 |
7.0 |
1.57 |
1.57 |
|
DG-08-299 |
19,080E |
42.0 |
66.0 |
24.0 |
0.96 |
0.96 |
|
(Gap Zone) |
|
375.0 |
385.0 |
10.0 |
7.36 |
1.56 |
Lower Pillow Flow |
|
|
Inc. 379.5 |
380.0 |
0.5 |
136.00 |
20.00 |
|
|
|
399.0 |
406.0 |
7.0 |
1.29 |
1.29 |
|
|
|
480.0 |
500.0 |
20.0 |
2.06 |
2.06 |
Lower Massive Flow |
|
|
545.0 |
560.0 |
15.0 |
1.94 |
1.94 |
CMH |
DG-08-301 |
19,120E |
43.0 |
113.0 |
70.0 |
0.93 |
0.93 |
Lower Pillow Flow |
(Gap Zone) |
|
125.0 |
147.0 |
22.0 |
0.78 |
0.78 |
|
|
|
168.0 |
201.0 |
33.0 |
1.03 |
1.03 |
Lower Pillow Flow |
|
|
374.0 |
384.0 |
10.0 |
4.11 |
4.11 |
Lower Pillow Flow |
|
|
393.0 |
400.0 |
7.0 |
1.97 |
1.97 |
|
|
|
441.0 |
449.0 |
8.0 |
1.81 |
1.81 |
|
|
|
484.0 |
504.0 |
20.0 |
1.19 |
1.19 |
|
|
|
527.0 |
534.0 |
7.0 |
2.70 |
2.70 |
|
DG-08-303 |
18,100E |
87.0 |
97.0 |
10.0 |
5.85 |
4.21 |
Upper Pillow Flow |
(Calcite Zone) |
|
Inc. 93.0 |
94.0 |
1.0 |
36.40 |
20.00 |
|
|
|
114.0 |
146.0 |
32.0 |
0.81 |
0.81 |
Upper Pillow Flow |
|
|
183.0 |
209.0 |
26.0 |
0.85 |
0.85 |
|
|
|
252.0 |
277.0 |
25.0 |
1.13 |
1.13 |
Lower Pillow Flow |
|
|
305.0 |
312.0 |
7.0 |
1.87 |
1.87 |
|
DG-08-306 |
18,100E |
217.0 |
229.0 |
12.0 |
1.17 |
1.17 |
|
(Calcite Zone) |
|
286.0 |
303.0 |
17.0 |
0.65 |
0.65 |
|
|
|
481.0 |
489.0 |
8.0 |
1.79 |
1.79 |
|
DG-08-307 |
19,120E |
121.0 |
136.0 |
15.0 |
1.40 |
1.40 |
|
(Gap Zone) |
|
233.0 |
244.0 |
11.0 |
1.03 |
1.03 |
|
|
|
301.0 |
308.0 |
7.0 |
1.79 |
1.79 |
|
|
|
327.0 |
344.0 |
17.0 |
3.40 |
3.40 |
Lower Pillow Flow |
|
|
Inc. 328.0 |
329.0 |
1.0 |
20.00 |
20.00 |
|
|
|
464.0 |
489.0 |
25.0 |
2.37 |
1.47 |
Lower MF/CMH |
|
|
Inc. 481.7 |
482.2 |
0.5 |
65.20 |
20.00 |
|
DG-08-309 |
17,900E |
37.5 |
45.0 |
7.5 |
1.20 |
1.20 |
|
(Calcite Zone) |
|
100.0 |
108.0 |
8.0 |
2.09 |
2.09 |
|
|
|
326.0 |
358.0 |
32.0 |
0.91 |
0.91 |
Lower Mafic Flow |
|
|
386.0 |
396.0 |
10.0 |
1.04 |
1.04 |
|
DG-08-316 |
18,180E |
92.0 |
120.0 |
28.0 |
0.90 |
0.85 |
Upper Mafic Flow |
(Calcite Zone) |
|
Inc. 119.5 |
120.0 |
0.5 |
22.8 |
20.0 |
|
|
|
246.0 |
267.0 |
21.0 |
1.26 |
1.26 |
Mafic Flow |
|
|
377.0 |
384.0 |
7.0 |
2.72 |
2.72 |
|
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.
|