Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to report positive results from its infill
drilling program on a 20 metre by 20 metre grid in the eastern portion
of the Detour Lake deposit (West Pit area). The drilling program of
8,101 metres (53 holes) was completed in the last quarter of 2008 to
infill an area of 80 metres along strike (19,420E to 19,500E) by 370
metres in width (north-south), from surface to a depth of 160 metres
(referred to as the "20m X 20m Test Block").
Overall, the results of the 20m X 20m Test Block when compared to the
previous 40m x 40m drill hole spacing confirm the following:
- Approximately same number of gold ounces in measured and indicated
categories
- Slight improvement in average gold grade (measured + indicated)
- Continuity of three main mineralized envelopes
- Drill spacing of 40 metres by 40 metres is adequate for the
deposit
The table below compares the mineral resources contained in the Test
Block with a drill spacing of 20 metres versus the initial 40 metres.
Mineral Resources Contained in Detour Lake Test Block 1
(capped at 20 g/t Au; cut-off grade of 0.50 g/t Au)
|
Measured
Category |
Indicated
Category |
Measured and Indicated
Categories |
Inferred
Category |
Drill
Spacing
(m) |
Tonnes
(000's) |
Grade
(g/t Au) |
Gold Ounces |
Tonnes
(000's) |
Grade
(g/t Au) |
Gold Ounces |
Tonnes
(000's) |
Grade
(g/t Au) |
Gold Ounces |
Tonnes
(000's) |
Grade
(g/t Au) |
Gold Ounces |
40X40 |
761 |
1.74 |
42,525 |
3,831 |
1.23 |
151,142 |
4,592 |
1.31 |
193,667 |
245 |
1.12 |
8,842 |
20X20 |
1,129 |
1.74 |
63,205 |
3,041 |
1.26 |
123,273 |
4,170 |
1.39 |
186,478 |
22 |
1.23 |
858 |
Difference |
|
|
+49% |
|
|
-18% |
|
|
-4% |
|
|
-90% |
(1) The mineral resource estimate uses the same
parameters and methodology as the one released on July 2, 2008 for the
Detour Lake deposit based on a US$700/oz gold price.
Gerald Panneton, President and CEO of Detour Gold, commented: "We are
very satisfied with these 20m X 20m infill results, which add greater
confidence in our understanding of the continuity of the main
mineralized zones with relatively no loss in ounces in the measured and
indicated categories. It further indicates the adequacy of our 40 metres
drill spacing for the upcoming mineral reserve statement that will be
included in the pre-feasibility study expected to be released in the
second quarter of 2009."
Detour Gold has currently four drill rigs on site with two testing the
footwall mineralization, from surface to 200 metres, on the south side
of the former open pit and the other two completing the infill drilling
further to the west.
Significant mineralized (uncut) intervals encountered in the 20m X 20m
Test Block are shown below.
Test
Block - West Pit Area |
|
|
|
|
|
|
DG-08-553 |
DG-08-554 |
DG-08-557 |
DG-08-561 |
7.68 g/t over 23.0
m |
4.31 g/t over 24.0
m |
5.80 g/t over 13.0
m |
10.35 g/t over
11.0 m |
|
|
|
|
DG-08-567 |
DG-08-568 |
DG-08-571 |
DG-08-576 |
24.97 g/t over 8.0
m |
3.04 g/t over 23.0
m |
10.20 g/t over
12.0 m |
6.43 g/t over 17.0
m |
|
|
2.18 g/t over 31.5
m |
|
|
|
|
|
DG-08-577 |
DG-08-580 |
DG-08-581 |
DG-08-583 |
1.24 g/t over 50.0
m |
2.15 g/t over 33.0
m |
1.42 g/t over 36.0
m |
2.50 g/t over 24.0
m |
|
|
|
|
DG-08-584 |
DG-08-593 |
DG-08-594 |
DG-08-598 |
1.56 g/t over 38.0
m |
1.29 g/t over 43.0
m |
5.08 g/t over 14.0
m |
13.37 g/t over 7.0
m |
|
|
|
|
DG-08-600 |
DG-08-601 |
DG-08-602 |
DG-08-603 |
14.31 g/t over
10.0 m |
1.41 g/t over 64.0
m |
2.16 g/t over 63.5
m |
3.71 g/t over 28.0
m |
|
|
|
|
DG-08-604 |
|
|
|
1.44 g/t over 53.0
m |
|
|
|
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 infill drilling program is being managed by Project
Manager, Mr. Roger Aubertin, P.Eng. The 20m X 20m Test Block mineral
resource estimate was prepared by Thon Consulting of Smithers, British
Columbia and subsequently verified by Robert Crepeau, P.Eng., consultant
for Detour Gold. Both Mr. Aubertin and Mr. Crepeau are Qualified
Persons within the meaning of National Instrument 43-101 and have
verified and approved the data disclosed in this release.
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 Rock Unit |
DG-08-553 |
19,440E |
87.0 |
94.0 |
7.0 |
1.70 |
1.70 |
|
(West Pit) |
|
120.0 |
143.0 |
23.0 |
7.68 |
2.78 |
Contact CMH/MF |
|
|
Inc. 126.5 |
127.0 |
0.5 |
136.18 |
20.00 |
|
|
|
Inc. 127.5 |
128.0 |
0.5 |
79.48 |
20.00 |
|
|
|
Inc. 131.5 |
132.0 |
0.5 |
70.01 |
20.00 |
|
DG-08-554 |
19,480E |
66.0 |
83.0 |
17.0 |
0.83 |
0.83 |
|
(West Pit) |
|
123.0 |
147.0 |
24.0 |
4.31 |
2.23 |
Lower Pillow Flow |
|
|
Inc. 125.0 |
126.0 |
1.0 |
24.40 |
20.00 |
|
|
|
Inc. 134.5 |
135.0 |
0.5 |
110.90 |
20.00 |
|
DG-08-555 |
19,500E |
31.6 |
47.0 |
15.4 |
1.38 |
1.38 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-556 |
19,420E |
28.0 |
36.0 |
8.0 |
5.35 |
5.11 |
Lower Mafic Flow |
(West Pit) |
|
Inc. 28.5 |
29.0 |
0.5 |
23.72 |
20.00 |
|
|
|
75.0 |
95.0 |
20.0 |
1.01 |
1.01 |
|
DG-08-557 |
19,420E |
56.0 |
69.0 |
13.0 |
5.80 |
1.55 |
Lower Massive Flow |
(West Pit) |
|
Inc. 60.0 |
60.5 |
0.5 |
130.46 |
20.00 |
|
|
|
107.0 |
122.5 |
15.5 |
2.54 |
2.54 |
Contact CMH/MF |
DG-08-558 |
19,500E |
30.0 |
40.0 |
10.0 |
1.37 |
1.37 |
|
(West Pit) |
|
60.0 |
75.0 |
15.0 |
3.04 |
2.54 |
Contact CMH/MF |
|
|
Inc. 71.0 |
72.0 |
1.0 |
27.56 |
20.00 |
|
DG-08-559 |
19,500E |
108.0 |
115.0 |
7.0 |
3.85 |
3.85 |
Lower Massive Flow |
(West Pit) |
|
|
|
|
|
|
|
DG-08-560 |
19,420E |
118.0 |
153.0 |
35.0 |
0.82 |
0.82 |
Contact CMH/MF |
(West Pit) |
|
|
|
|
|
|
|
DG-08-561 |
19,420E |
94.0 |
103.0 |
9.0 |
2.76 |
1.47 |
|
(West Pit) |
|
Inc. 102.0 |
102.5 |
0.5 |
43.23 |
20.00 |
|
|
|
146.0 |
153.0 |
7.0 |
7.04 |
3.38 |
Lower Massive Flow |
|
|
Inc. 147.0 |
147.5 |
0.5 |
28.18 |
20.00 |
|
|
|
Inc. 150.0 |
150.5 |
0.5 |
63.08 |
20.00 |
|
|
|
171.0 |
182.0 |
11.0 |
10.35 |
2.39 |
Contact CMH/MF |
|
|
Inc. 175.2 |
175.7 |
0.5 |
195.26 |
20.00 |
|
DG-08-562 |
19,500E |
124.0 |
132.0 |
8.0 |
5.29 |
3.46 |
Lower Massive Flow |
(West Pit) |
|
Inc. 124.0 |
125.0 |
1.0 |
34.66 |
20.00 |
|
|
|
179.0 |
186.0 |
7.0 |
4.32 |
3.13 |
SLDZ |
|
|
Inc. 183.0 |
184.0 |
1.0 |
28.32 |
20.00 |
|
DG-08-563 |
19,500E |
No Significant
Results. |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-564 |
19,420E |
41.0 |
56.0 |
15.0 |
1.27 |
1.27 |
|
(West Pit) |
|
67.0 |
72.0 |
5.0 |
1.99 |
1.99 |
|
|
|
109.0 |
117.0 |
8.0 |
2.56 |
2.56 |
|
DG-08-566 |
19,500E |
20.5 |
28.0 |
7.5 |
2.14 |
2.14 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-567 |
19,420E |
51.0 |
59.0 |
8.0 |
24.97 |
4.03 |
Lower Pillow Flow |
(West Pit) |
|
Inc. 52.5 |
53.0 |
0.5 |
22.48 |
20.00 |
|
|
|
Inc. 56.0 |
56.5 |
0.5 |
110.98 |
20.00 |
|
|
|
Inc. 56.5 |
57.0 |
0.5 |
261.55 |
20.00 |
|
|
|
70.0 |
83.0 |
13.0 |
1.52 |
1.51 |
|
|
|
Inc. 74.0 |
74.5 |
0.5 |
20.14 |
20.00 |
|
|
|
137.0 |
160.0 |
23.0 |
1.94 |
1.85 |
Lower Massive Flow |
|
|
Inc. 143.5 |
144.0 |
0.5 |
24.10 |
20.00 |
|
DG-08-568 |
19,500E |
23.0 |
46.0 |
23.0 |
3.04 |
1.60 |
Lower Pillow Flow |
(West Pit) |
|
Inc. 44.0 |
44.5 |
0.5 |
86.57 |
20.00 |
|
|
|
60.0 |
67.0 |
7.0 |
1.04 |
1.04 |
|
|
|
87.0 |
94.0 |
7.0 |
2.66 |
2.66 |
|
|
|
113.0 |
120.0 |
7.0 |
1.04 |
1.04 |
|
DG-08-570 |
19,420E |
14.0 |
26.0 |
12.0 |
0.68 |
0.68 |
|
(West Pit) |
|
122.0 |
138.0 |
16.0 |
1.67 |
1.67 |
Lower Pillow Flow |
|
|
158.0 |
165.0 |
7.0 |
4.22 |
4.22 |
Lower Massive Flow |
DG-08-571 |
19,500E |
51.0 |
63.0 |
12.0 |
10.20 |
1.52 |
Lower Pillow Flow |
(West Pit) |
|
Inc. 51.5 |
52.0 |
0.5 |
228.29 |
20.00 |
|
|
|
95.0 |
126.5 |
31.5 |
2.18 |
1.93 |
Lower Pillow Flow |
|
|
Inc. 112.0 |
112.5 |
0.5 |
35.51 |
20.00 |
|
DG-08-572 |
19,420E |
49.0 |
66.0 |
17.0 |
1.53 |
1.53 |
Lower Pillow Flow |
(West Pit) |
|
|
|
|
|
|
|
DG-08-573 |
19,500E |
15.0 |
23.0 |
8.0 |
1.35 |
1.35 |
|
(West Pit) |
|
68.0 |
75.0 |
7.0 |
5.88 |
2.02 |
Lower Pillow Flow |
|
|
Inc. 69.0 |
69.5 |
0.5 |
74.06 |
20.00 |
|
|
|
98.0 |
114.0 |
16.0 |
2.79 |
2.79 |
Lower Pillow Flow |
|
|
133.0 |
140.0 |
7.0 |
5.42 |
1.66 |
Lower Pillow Flow |
|
|
Inc. 136.0 |
136.5 |
0.5 |
72.71 |
20.00 |
|
DG-08-574 |
19,420E |
87.0 |
97.0 |
10.0 |
0.75 |
0.75 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-575 |
19,420E |
110.0 |
121.0 |
11.0 |
2.14 |
2.14 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-576 |
19,500E |
47.0 |
72.0 |
25.0 |
0.70 |
0.70 |
|
(West Pit) |
|
|
|
|
|
|
|
|
|
110.0 |
117.0 |
7.0 |
4.73 |
2.96 |
Lower Pillow Flow |
|
|
Inc. 112.0 |
113.0 |
1.0 |
32.39 |
20.00 |
|
|
|
128.0 |
145.0 |
17.0 |
6.43 |
2.83 |
Lower Pillow Flow |
|
|
Inc. 139.5 |
140.0 |
0.5 |
73.37 |
20.00 |
|
|
|
Inc. 143.0 |
144.0 |
1.0 |
54.51 |
20.00 |
|
DG-08-577 |
19,420E |
36.0 |
86.0 |
50.0 |
1.24 |
1.24 |
Upper MF/PF contact |
(West Pit) |
|
100.0 |
108.0 |
8.0 |
0.96 |
0.96 |
|
|
|
130.0 |
138.0 |
8.0 |
1.31 |
1.31 |
|
DG-08-578 |
19,500E |
20.0 |
37.0 |
17.0 |
1.17 |
1.17 |
|
(West Pit) |
|
81.0 |
91.0 |
10.0 |
2.24 |
2.24 |
|
|
|
121.0 |
129.0 |
8.0 |
1.39 |
1.39 |
|
DG-08-579 |
19,420E |
No Significant
Results. |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-580 |
19,500E |
44.0 |
62.0 |
18.0 |
0.76 |
0.76 |
|
(West Pit) |
|
74.0 |
83.0 |
9.0 |
1.21 |
1.21 |
|
|
|
96.0 |
129.0 |
33.0 |
2.15 |
2.15 |
Upper Massive Flow |
|
|
142.0 |
151.0 |
9.0 |
1.01 |
1.01 |
|
DG-08-581 |
19,440E |
66.0 |
102.0 |
36.0 |
1.42 |
1.42 |
Upper MF/ PF contact |
(West Pit) |
|
126.0 |
141.0 |
15.0 |
1.70 |
1.70 |
Lower Pillow Flow |
DG-08-582 |
19,500E |
22.0 |
30.0 |
8.0 |
1.37 |
1.37 |
|
(West Pit) |
|
52.0 |
74.0 |
22.0 |
0.91 |
0.91 |
|
DG-08-582A |
19,500E |
59.0 |
70.0 |
11.0 |
0.67 |
0.67 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-583 |
19,440E |
76.0 |
84.0 |
8.0 |
1.27 |
1.27 |
|
(West Pit) |
|
188.0 |
212.0 |
24.0 |
2.50 |
1.65 |
Lower Pillow Flow |
|
|
Inc. 205.5 |
206.0 |
0.5 |
60.94 |
20.00 |
|
|
|
236.0 |
243.0 |
7.0 |
1.08 |
1.08 |
|
DG-08-584 |
19,480E |
20.0 |
37.0 |
17.0 |
0.83 |
0.83 |
|
(West Pit) |
|
127.0 |
165.0 |
38.0 |
1.56 |
1.56 |
PF/MF contact |
DG-08-585 |
19,480E |
95.0 |
110.0 |
15.0 |
1.65 |
1.65 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-586 |
19,440E |
11.0 |
33.0 |
22.0 |
0.50 |
0.50 |
|
(West Pit) |
|
142.0 |
154.5 |
12.5 |
1.15 |
1.14 |
|
|
|
Inc. 154.0 |
154.5 |
0.5 |
20.28 |
20.00 |
|
|
|
201.0 |
209.0 |
8.0 |
2.55 |
2.00 |
|
|
|
Inc. 204.0 |
204.5 |
0.5 |
28.90 |
20.00 |
|
DG-08-587 |
19,480E |
16.0 |
23.0 |
7.0 |
1.52 |
1.52 |
|
(West Pit) |
|
39.0 |
47.0 |
8.0 |
0.97 |
0.97 |
|
|
|
68.0 |
77.0 |
9.0 |
1.30 |
1.30 |
|
|
|
97.0 |
105.0 |
8.0 |
1.70 |
1.70 |
|
|
|
142.0 |
153.0 |
11.0 |
2.69 |
2.69 |
Lower Massive Flow |
DG-08-588 |
19,440E |
18.0 |
25.0 |
7.0 |
2.91 |
1.49 |
|
(West Pit) |
|
Inc. 20.5 |
21.0 |
0.5 |
39.97 |
20.00 |
|
|
|
59.0 |
69.0 |
10.0 |
0.88 |
0.88 |
|
|
|
82.0 |
103.0 |
21.0 |
1.97 |
1.93 |
Lower Pillow Flow |
|
|
Inc. 96.0 |
96.5 |
0.5 |
20.35 |
20.00 |
|
|
|
Inc. 102.0 |
102.5 |
0.5 |
21.48 |
20.00 |
|
|
|
121.0 |
132.0 |
11.0 |
0.91 |
0.91 |
|
DG-08-589 |
19,480E |
81.0 |
88.0 |
7.0 |
1.11 |
1.11 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-590 |
19,440E |
35.0 |
54.0 |
19.0 |
1.13 |
1.13 |
|
(West Pit) |
|
90.0 |
98.0 |
8.0 |
1.02 |
1.02 |
|
|
|
114.0 |
121.5 |
7.5 |
3.47 |
2.28 |
Lower Massive Flow |
|
|
Inc. 121.0 |
121.5 |
0.5 |
37.80 |
20.00 |
|
|
|
254.0 |
267.0 |
13.0 |
1.19 |
1.19 |
|
DG-08-591 |
19,480E |
72.0 |
79.0 |
7.0 |
1.17 |
1.17 |
|
(West Pit) |
|
92.0 |
99.0 |
7.0 |
1.28 |
1.28 |
|
|
|
160.0 |
167.0 |
7.0 |
1.93 |
1.93 |
|
DG-08-592 |
19,440E |
Abandoned in
overburden. |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-592A |
19,440E |
49.5 |
70.0 |
20.5 |
1.85 |
1.32 |
Lower Massive Flow |
(West Pit) |
|
Inc. 50.0 |
50.7 |
0.5 |
41.75 |
20.00 |
|
DG-08-593 |
19,480E |
50.0 |
57.0 |
7.0 |
4.12 |
3.17 |
Lower Massive Flow |
(West Pit) |
|
Inc. 51.0 |
52.0 |
1.0 |
26.70 |
20.00 |
|
|
|
108.0 |
151.0 |
43.0 |
1.29 |
1.27 |
Lower Massive Flow |
|
|
Inc. 149.0 |
150.0 |
1.0 |
20.92 |
20.00 |
|
DG-08-594 |
19,460E |
38.0 |
50.0 |
12.0 |
2.35 |
2.15 |
Lower Massive Flow |
(West Pit) |
|
Inc. 49.5 |
50.0 |
0.5 |
24.94 |
20.00 |
|
|
|
67.0 |
81.0 |
14.0 |
5.08 |
2.29 |
Contact CMH/MF |
|
|
Inc. 76.5 |
77.0 |
0.5 |
98.05 |
20.00 |
|
DG-08-595 |
19,460E |
57.0 |
64.0 |
7.0 |
3.06 |
3.06 |
|
(West Pit) |
|
78.0 |
88.0 |
10.0 |
2.09 |
2.09 |
|
|
|
123.0 |
140.0 |
17.0 |
2.72 |
2.50 |
Lower Massive Flow |
|
|
Inc. 132.5 |
133.0 |
0.5 |
27.23 |
20.00 |
|
DG-08-596 |
19,480E |
61.0 |
72.0 |
11.0 |
0.70 |
0.70 |
|
(West Pit) |
|
82.0 |
94.0 |
12.0 |
1.53 |
1.53 |
|
DG-08-597 |
19,460E |
143.0 |
150.0 |
7.0 |
1.14 |
1.14 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-598 |
19,460E |
32.0 |
39.0 |
7.0 |
1.22 |
1.22 |
|
(West Pit) |
|
66.0 |
73.0 |
7.0 |
13.37 |
1.64 |
Lower Massive Flow |
|
|
Inc. 66.5 |
67.0 |
0.5 |
184.27 |
20.00 |
|
DG-08-599 |
19,460E |
56.0 |
73.0 |
17.0 |
0.65 |
0.65 |
|
(West Pit) |
|
91.0 |
103.0 |
12.0 |
1.35 |
1.35 |
|
DG-08-600 |
19,460E |
32.0 |
68.0 |
36.0 |
1.37 |
1.37 |
Lower MF/ PF contact |
(West Pit) |
|
79.0 |
92.0 |
13.0 |
2.97 |
1.08 |
Lower Massive Flow |
|
|
Inc. 79.5 |
80.0 |
0.5 |
69.22 |
20.00 |
|
|
|
104.0 |
114.0 |
10.0 |
14.31 |
1.31 |
Lower Massive Flow |
|
|
Inc. 113.5 |
114.0 |
0.5 |
279.97 |
20.00 |
|
DG-08-601 |
19,460E |
89.0 |
153.0 |
64.0 |
1.41 |
1.41 |
Upper MF/ PF contact |
(West Pit) |
|
167.0 |
178.0 |
11.0 |
0.64 |
0.64 |
|
DG-08-602 |
19,460E |
99.5 |
163.0 |
63.5 |
2.16 |
1.60 |
Lower Pillow Flow |
(West Pit) |
|
Inc. 99.5 |
100.0 |
0.5 |
56.59 |
20.00 |
|
|
|
Inc. 136.0 |
136.5 |
0.5 |
20.70 |
20.00 |
|
|
|
Inc. 146.0 |
147.0 |
1.0 |
37.30 |
20.00 |
|
DG-08-603 |
19,460E |
138.0 |
148.0 |
10.0 |
0.95 |
0.95 |
|
(West Pit) |
|
172.0 |
200.0 |
28.0 |
3.71 |
3.68 |
Upper MF/ PF contact |
|
|
Inc. 186.0 |
186.5 |
0.5 |
21.86 |
20.00 |
|
DG-08-604 |
19,460E |
9.0 |
62.0 |
53.0 |
1.44 |
1.17 |
Lower Pillow Flow |
(West Pit) |
|
Inc. 10.0 |
11.0 |
1.0 |
21.10 |
20.00 |
|
|
|
Inc. 56.0 |
56.5 |
0.5 |
46.90 |
20.00 |
|
DG-08-604A |
19,460E |
33.0 |
40.0 |
7.0 |
1.61 |
1.61 |
|
(West Pit) |
|
105.0 |
113.0 |
8.0 |
1.65 |
1.65 |
|
|
|
148.0 |
169.0 |
21.0 |
0.94 |
0.94 |
|
|
|
186.0 |
199.0 |
13.0 |
1.42 |
1.42 |
|
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.
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.
|