Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to report assay results for an additional 35 holes
totaling 11,160 metres from its 2008 infill diamond drilling program at
the Detour Lake project in northern Ontario. Of the 231,104 metres (621
holes) drilled in the 2007-08 programs, the last 12,000 metres of drill
results are expected to be released next month. Thus far in 2009, the
Company has completed an additional 5,000 metres of drilling.
Today's results continue to show good continuity of the main mineralized
zones and confirmation of additional gold mineralization within the
US$700 pit shell (mineral resource reported in Press Release July 2,
2008), which should positively impact the final pit design, including
the reduction of the waste to ore ratio, for the feasibility study
expected in 2009.
In the area of the former pit (West Pit), results from 33 drill holes
(including eight holes abandoned) between sections 19,320E and 20,160E
encountered significant gold mineralization within the US$700 pit shell.
Wide intersections of gold mineralization were encountered in holes
DG-08-452A with 0.86 g/t over 88.0 metres and 2.48 g/t (uncut) or
1.14 g/t (cut) over 100 metres; DG-08-473B with 3.51 g/t (uncut)
or 1.28 g/t (cut) over 66.0 metres, 6.39 g/t (uncut) or 1.56 g/t (cut)
over 80.0 metres; DG-08-503 with 4.79 g/t (uncut) or 3.24 g/t
(cut) over 54.0 metres; and DG-08-508 with 1.37 g/t over 64.0
metres. In general, good continuity of the mineralized zones was
established in the Chert Marker Horizon (CMH) and the hanging wall
massive and pillow flows.
At the eastern end of the deposit (area of former pit), four holes
intersected gold mineralization outside the US$700 pit shell in the
footwall rocks (Sunday Lake Deformation Zone) (e.g. hole DG-08-519
with 4.42 g/t over 13.0 metres). The potential to find additional
mineralization in the footwall rocks, from surface to 200 metres on the
south side of the former pit, is excellent. The Company has started to
test this area with a 10,000 metre drilling program with the addition of
two more rigs. The program is expected to be completed by the end of
March. The footwall mineralization is also open at depth (below the
US$700 pit shell).
Results from two holes infilling the centre of the deposit (Gap Zone on
sections 18,700E and 18,760E) showed excellent continuity especially in
the core of the mineralized corridor at the contacts between the massive
and pillow flows. Hole DG-08-501 intersected 3.61 g/t (uncut) or
3.04 g/t (cut) over 16.0 metres, 3.11 g/t (uncut) or 1.18 g/t (cut) over
46.0 metres, and 2.67 g/t (uncut) or 1.29 (cut) over 42.0 metres.
Hole DG-08-517 intersected 4.73 g/t (uncut) or 1.92 g/t (cut) over
38.0 metres, 6.86 g/t (uncut) or 1.73 g/t (cut) over 27.5 metres and
6.47 g/t (uncut) or 1.5 g/t (cut) over 9.0 metres.
Significant mineralized (uncut) intervals encountered are shown below.
Gap Zone |
|
|
|
DG-08-501 |
DG-08-517 |
|
|
3.61 g/t over 16.0
m |
4.73 g/t over 38.0
m |
|
|
3.11 g/t over 46.0 m |
6.86 g/t over 27.5
m |
|
|
2.67 g/t over 42.0 m |
6.47 g/t over 9.0 m |
|
|
|
|
|
|
West Pit |
|
|
|
DG-08-450A |
DG-08-452A |
DG-08-473B |
DG-08-487 |
6.49 g/t over 15.0
m |
0.86 g/t over 88.0
m |
3.51 g/t over 66.0
m |
2.82 g/t over 34.0
m |
1.34 g/t over 46.0
m |
2.48 g/t over
100.0 m |
5.91 g/t over 26.0 m |
|
|
|
6.39 g/t over 80.0 m |
|
|
|
|
|
DG-08-488A |
DG-08-500 |
DG-08-503 |
DG-08-504 |
2.68 g/t over 27.5
m |
9.61 g/t over 26.0
m |
4.79 g/t over 54.0
m |
4.76 g/t over 13.0
m |
2.43 g/t over 41.2
m |
|
|
|
|
|
|
|
DG-08-508 |
DG-08-518 |
DG-08-519 |
|
1.37 g/t over 64.0
m |
0.89 g/t over 57.0
m |
9.55 g/t over 7.0 m |
|
|
|
7.92 g/t over 7.0 m |
|
|
|
4.42 g/t over 13.0
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".
The Company remains well funded with approximately C$40 million in cash.
Detour Gold's delineation 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
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-08-450 |
19,560E |
Stopped at 113 m to correct dip.
No Significant Results |
|
(West Pit) |
|
|
|
DG-08-450A |
19,560E |
89.0 |
96.0 |
7.0 |
2.06 |
2.06 |
|
(West Pit) |
|
217.0 |
234.0 |
17.0 |
1.10 |
1.10 |
|
|
|
297.0 |
311.0 |
14.0 |
0.98 |
0.98 |
|
|
|
341.0 |
356.0 |
15.0 |
6.49 |
3.73 |
CMH |
|
|
Inc. 341.0 |
342.0 |
1.0 |
61.40 |
20.00 |
|
|
|
368.0 |
393.0 |
25.0 |
1.99 |
1.63 |
Contact MF/CMH |
|
|
Inc. 375.0 |
376.0 |
1.0 |
29.02 |
20.00 |
|
|
|
407.0 |
453.0 |
46.0 |
1.34 |
1.29 |
Lower Massive Flow |
|
|
Inc. 432.5 |
433.0 |
0.5 |
24.45 |
20.00 |
|
DG-08-452 |
19,440E |
Abandoned at 18 m. |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-452A |
19,440E |
17.0 |
35.0 |
18.0 |
0.69 |
0.69 |
|
(West Pit) |
|
105.0 |
193.0 |
88.0 |
0.86 |
0.86 |
Lower PF/Upper MF |
|
|
243.0 |
255.0 |
12.0 |
1.53 |
1.53 |
|
|
|
299.0 |
306.0 |
7.0 |
1.45 |
1.45 |
|
|
|
318.0 |
418.0 |
100.0 |
2.48 |
1.14 |
Lower MF/PF |
|
|
Inc. 325.5 |
326.0 |
0.5 |
51.77 |
20.00 |
|
|
|
Inc. 339.5 |
340.0 |
0.5 |
244.83 |
20.00 |
|
|
|
Inc. 374.0 |
374.5 |
0.5 |
30.86 |
20.00 |
|
|
|
440.0 |
451.0 |
11.0 |
0.83 |
0.83 |
|
|
|
472.0 |
480.0 |
8.0 |
3.06 |
3.06 |
|
DG-08-473 |
19,480E |
Hit UG workings at 75 m. |
|
(West Pit) |
|
28.0 |
35.0 |
7.0 |
1.12 |
1.12 |
|
DG-08-473A |
19,480E |
31.0 |
44.0 |
13.0 |
0.98 |
0.98 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-473B |
19,480E |
43.0 |
58.0 |
15.0 |
0.70 |
0.70 |
|
(West Pit) |
|
76.0 |
86.5 |
10.5 |
0.85 |
0.85 |
|
|
|
94.0 |
105.0 |
11.0 |
1.35 |
1.35 |
|
|
|
122.0 |
167.0 |
45.0 |
0.79 |
0.79 |
Massive Flow |
|
|
190.0 |
256.0 |
66.0 |
3.51 |
1.28 |
Lower Pillow Flow |
|
|
Inc. 210.5 |
211.0 |
0.5 |
29.19 |
20.00 |
|
|
|
Inc. 249.0 |
249.5 |
0.5 |
305.66 |
20.00 |
|
|
|
282.0 |
299.0 |
17.0 |
1.61 |
1.06 |
Lower Pillow Flow |
|
|
Inc. 297.5 |
298.0 |
0.5 |
38.47 |
20.00 |
|
|
|
313.0 |
336.2 |
23.2 |
2.03 |
1.31 |
Lower Pillow Flow |
|
|
Inc. 334.6 |
335.1 |
0.5 |
53.67 |
20.00 |
|
|
|
345.0 |
371.0 |
26.0 |
5.91 |
2.12 |
Contact MF/PF |
|
|
Inc. 347.0 |
347.5 |
0.5 |
214.44 |
20.00 |
|
|
|
Inc. 352.5 |
353.0 |
0.5 |
22.90 |
20.00 |
|
|
|
380.0 |
460.0 |
80.0 |
6.39 |
1.56 |
Lower Massive Flow |
|
|
Inc. 385.5 |
386.0 |
0.5 |
302.09 |
20.00 |
|
|
|
Inc. 404.0 |
404.5 |
0.5 |
54.39 |
20.00 |
|
|
|
Inc. 422.0 |
422.5 |
0.5 |
80.57 |
20.00 |
|
|
|
Inc. 457.0 |
457.5 |
0.5 |
408.00 |
20.00 |
|
|
|
475.0 |
490.0 |
15.0 |
2.72 |
2.72 |
Lower Massive Flow |
DG-08-486 |
19,840E |
Abandoned at 18 m in overburden. |
|
(West Pit) |
|
|
|
DG-08-486A |
19,840E |
Hole stopped at 130.5 m. No
Significant Results |
|
(West Pit) |
|
|
|
DG-08-486B |
19,840E |
385.0 |
410.0 |
25.0 |
1.42 |
1.42 |
Lower Massive FLow |
(West Pit) |
|
423.0 |
444.0 |
21.0 |
0.93 |
0.93 |
|
|
|
487.0 |
494.0 |
7.0 |
3.09 |
3.02 |
|
|
|
Inc. 490.0 |
491.0 |
1.0 |
20.50 |
20.00 |
|
|
|
|
|
|
|
|
|
DG-08-487 |
19,680E |
29.0 |
46.0 |
17.0 |
1.69 |
1.69 |
Pillow Flow |
(West Pit) |
|
57.0 |
67.0 |
10.0 |
0.84 |
0.84 |
|
|
|
151.0 |
161.5 |
10.5 |
1.90 |
1.90 |
|
|
|
196.0 |
217.0 |
21.0 |
1.30 |
1.30 |
Lower Massive Flow |
|
|
234.0 |
241.0 |
7.0 |
6.89 |
3.69 |
Lower Massive Flow |
|
|
Inc. 240.1 |
240.5 |
0.4 |
34.69 |
20.00 |
|
|
|
Inc. 240.5 |
241.0 |
0.5 |
53.03 |
20.00 |
|
|
|
256.0 |
285.0 |
29.0 |
1.05 |
1.05 |
Lower Massive Flow |
|
|
325.0 |
359.0 |
34.0 |
2.90 |
2.82 |
Contact CMH/MF |
|
|
Inc. 356.0 |
356.5 |
0.5 |
21.32 |
20.00 |
|
|
|
Inc. 358.0 |
359.0 |
1.0 |
22.10 |
20.00 |
|
|
|
369.0 |
376.0 |
7.0 |
1.69 |
1.69 |
|
DG-08-488 |
19,520E |
Hole stopped at 93 m. |
|
(West Pit) |
|
25.0 |
37.0 |
12.0 |
1.19 |
1.19 |
|
|
|
82.0 |
92.0 |
10.0 |
1.56 |
1.56 |
|
DG-08-488A |
19,520E |
26.0 |
39.0 |
13.0 |
1.69 |
1.69 |
|
(West Pit) |
|
92.0 |
101.0 |
9.0 |
1.77 |
1.77 |
|
|
|
122.0 |
132.0 |
10.0 |
1.53 |
1.53 |
|
|
|
151.0 |
158.0 |
7.0 |
1.08 |
1.08 |
|
|
|
180.0 |
207.5 |
27.5 |
2.68 |
2.63 |
Lower Pillow Flow |
|
|
Inc. 206.5 |
207.5 |
1.0 |
21.30 |
20.00 |
|
|
|
251.0 |
263.0 |
12.0 |
1.76 |
1.76 |
|
|
|
302.0 |
312.0 |
10.0 |
1.72 |
1.72 |
|
|
|
380.0 |
391.0 |
11.0 |
2.38 |
2.38 |
Lower Massive Flow |
|
|
408.8 |
450.0 |
41.2 |
2.43 |
1.83 |
Lower Massive Flow |
|
|
Inc. 444.5 |
445.0 |
0.5 |
41.80 |
20.00 |
|
|
|
Inc. 447.5 |
448.0 |
0.5 |
26.08 |
20.00 |
|
|
|
Inc. 448.0 |
448.5 |
0.5 |
40.91 |
20.00 |
|
|
|
463.0 |
481.0 |
18.0 |
1.01 |
1.01 |
|
DG-08-489 |
19,680E |
56.0 |
64.0 |
8.0 |
0.95 |
0.95 |
|
(West Pit) |
|
87.0 |
98.0 |
11.0 |
1.09 |
1.09 |
|
|
|
109.0 |
121.0 |
12.0 |
0.84 |
0.84 |
|
|
|
143.0 |
150.5 |
7.5 |
2.40 |
1.55 |
|
|
|
Inc. 150.0 |
150.5 |
0.5 |
32.88 |
20.00 |
|
|
|
163.0 |
170.0 |
7.0 |
1.08 |
1.08 |
|
|
|
216.0 |
223.0 |
7.0 |
1.94 |
1.94 |
|
|
|
259.0 |
273.0 |
14.0 |
0.87 |
0.87 |
|
DG-08-495 |
19,680E |
Hit drift at 98 m. No Significant
Results. |
|
(West Pit) |
|
|
|
DG-08-495A |
19,680E |
91.0 |
98.5 |
7.5 |
2.33 |
1.51 |
|
(West Pit) |
|
Inc. 98.0 |
98.5 |
0.5 |
32.24 |
20.00 |
|
DG-08-500 |
19,680E |
48.0 |
57.0 |
9.0 |
0.78 |
0.78 |
|
(West Pit) |
|
109.0 |
125.0 |
16.0 |
2.13 |
2.04 |
Lower Pillow Flow |
|
|
Inc. 116.5 |
117.0 |
0.5 |
22.82 |
20.00 |
|
|
|
135.0 |
142.0 |
7.0 |
3.04 |
2.64 |
|
|
|
Inc. 137.5 |
138.0 |
0.5 |
25.50 |
20.00 |
|
|
|
221.0 |
230.0 |
9.0 |
1.10 |
1.10 |
|
|
|
281.0 |
307.0 |
26.0 |
9.61 |
1.98 |
Lower Massive Flow |
|
|
Inc. 282.0 |
282.5 |
0.5 |
240.78 |
20.00 |
|
|
|
Inc. 284.0 |
284.5 |
0.5 |
25.36 |
20.00 |
|
|
|
Inc. 306.5 |
307.0 |
0.5 |
190.32 |
20.00 |
|
|
|
346.0 |
354.0 |
8.0 |
1.22 |
1.22 |
|
|
|
364.0 |
389.0 |
25.0 |
0.91 |
0.91 |
|
DG-08-501 |
18,700E |
39.5 |
47.5 |
8.0 |
1.21 |
1.21 |
|
(Gap Zone) |
|
58.0 |
78.0 |
20.0 |
0.72 |
0.72 |
|
|
|
154.0 |
175.0 |
21.0 |
1.12 |
1.12 |
|
|
|
212.0 |
228.0 |
16.0 |
3.61 |
3.04 |
Lower Pillow Flow |
|
|
Inc. 223.0 |
224.0 |
1.0 |
29.00 |
20.00 |
|
|
|
257.0 |
303.0 |
46.0 |
3.11 |
1.18 |
Lower Massive Flow |
|
|
Inc. 269.0 |
269.5 |
0.5 |
197.62 |
20.00 |
|
|
|
316.0 |
323.0 |
7.0 |
4.81 |
1.67 |
Lower Massive Flow |
|
|
Inc. 322.0 |
322.5 |
0.5 |
63.96 |
20.00 |
|
|
|
346.0 |
388.0 |
42.0 |
2.67 |
1.29 |
Contact MF/CMH |
|
|
Inc. 359.7 |
360.2 |
0.5 |
135.83 |
20.00 |
|
DG-08-502 |
20,160E |
273.0 |
281.0 |
8.0 |
5.59 |
5.59 |
SLDZ |
(West Pit) |
|
290.0 |
300.0 |
10.0 |
3.18 |
3.18 |
SLDZ |
DG-08-503 |
19,560E |
122.0 |
133.0 |
11.0 |
0.83 |
0.83 |
|
(West Pit) |
|
214.0 |
221.0 |
7.0 |
3.18 |
3.18 |
|
|
|
278.0 |
332.0 |
54.0 |
4.79 |
3.24 |
Lower Pillow Flow |
|
|
Inc. 283.0 |
284.0 |
1.0 |
70.60 |
20.00 |
|
|
|
Inc. 284.0 |
285.0 |
1.0 |
26.31 |
20.00 |
|
|
|
Inc. 303.0 |
304.0 |
1.0 |
38.98 |
20.00 |
|
|
|
Inc. 304.0 |
305.0 |
1.0 |
27.42 |
20.00 |
|
|
|
381.0 |
388.0 |
7.0 |
3.05 |
3.05 |
|
DG-08-504 |
19,680E |
96.0 |
104.0 |
8.0 |
1.09 |
1.09 |
|
(West Pit) |
|
330.0 |
343.0 |
13.0 |
4.76 |
1.66 |
Lower Massive Flow |
|
|
Inc. 341.5 |
342.0 |
0.5 |
100.64 |
20.00 |
|
DG-08-506 |
20,120E |
206.0 |
218.0 |
12.0 |
2.76 |
1.57 |
Lower Massive Flow |
(West Pit) |
|
Inc. 212.0 |
212.5 |
0.5 |
48.60 |
20.00 |
|
|
|
264.0 |
279.0 |
15.0 |
1.29 |
1.29 |
|
|
|
322.0 |
329.0 |
7.0 |
1.96 |
1.72 |
|
|
|
Inc. 323.5 |
324.0 |
0.5 |
23.30 |
20.00 |
|
DG-08-507 |
19,600E |
315.0 |
329.0 |
14.0 |
0.57 |
0.57 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-508 |
19,800E |
319.0 |
383.0 |
64.0 |
1.37 |
1.37 |
Massive Flow |
(West Pit) |
|
|
|
|
|
|
|
DG-08-510 |
19,760E |
55.0 |
62.0 |
7.0 |
2.28 |
2.28 |
|
(West Pit) |
|
84.0 |
100.0 |
16.0 |
0.93 |
0.93 |
|
|
|
122.0 |
136.0 |
14.0 |
0.74 |
0.74 |
|
|
|
338.0 |
345.0 |
7.0 |
1.20 |
1.20 |
|
|
|
355.0 |
377.0 |
22.0 |
2.17 |
1.98 |
Lower Massive Flow |
|
|
Inc. 371.0 |
371.5 |
0.5 |
28.45 |
20.00 |
|
DG-08-511 |
19,640E |
445.0 |
459.7 |
14.7 |
2.75 |
1.73 |
Lower Massive Flow |
(West Pit) |
|
Inc. 459.2 |
459.7 |
0.5 |
50.13 |
20.00 |
|
DG-08-512 |
19,780E |
94.0 |
114.0 |
20.0 |
0.84 |
0.84 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-514 |
19,720E |
315.0 |
322.0 |
7.0 |
2.34 |
2.34 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-515 |
19,760E |
28.0 |
43.0 |
15.0 |
0.89 |
0.89 |
|
(West Pit) |
|
130.0 |
140.0 |
10.0 |
1.51 |
1.51 |
|
|
|
152.0 |
167.0 |
15.0 |
1.98 |
1.98 |
CMH |
DG-08-516 |
19,760E |
37.0 |
44.0 |
7.0 |
4.69 |
1.51 |
Lower Massive Flow |
(West Pit) |
|
Inc. 37.7 |
38.2 |
0.5 |
64.60 |
20.00 |
|
|
|
61.0 |
70.0 |
9.0 |
2.84 |
2.84 |
Lower Massive Flow |
|
|
126.0 |
137.0 |
11.0 |
0.89 |
0.89 |
|
|
|
181.3 |
204.0 |
22.7 |
1.11 |
1.11 |
SLDZ/CMH |
DG-08-517 |
18,760E |
13.0 |
40.0 |
27.0 |
0.97 |
0.90 |
Upper Pillow Flow |
(Gap Zone) |
|
Inc. 13.5 |
14.0 |
0.5 |
23.90 |
20.00 |
|
|
|
52.0 |
59.0 |
7.0 |
1.29 |
1.29 |
|
|
|
110.0 |
122.0 |
12.0 |
1.08 |
1.08 |
|
|
|
161.0 |
173.0 |
12.0 |
1.58 |
1.58 |
|
|
|
193.5 |
201.0 |
7.5 |
6.20 |
2.81 |
Upper Massive Flow |
|
|
Inc. 195.1 |
195.6 |
0.5 |
70.80 |
20.00 |
|
|
|
267.0 |
305.0 |
38.0 |
4.73 |
1.92 |
Lower Pillow Flow |
|
|
Inc. 283.5 |
284.0 |
0.5 |
21.78 |
20.00 |
|
|
|
Inc. 290.2 |
290.7 |
0.5 |
126.07 |
20.00 |
|
|
|
Inc. 292.5 |
293.0 |
0.5 |
125.35 |
20.00 |
|
|
|
318.5 |
339.0 |
20.5 |
0.60 |
0.60 |
|
|
|
369.0 |
376.0 |
7.0 |
1.16 |
1.16 |
|
|
|
400.0 |
427.5 |
27.5 |
6.86 |
1.73 |
Lower Massive Flow |
|
|
Inc. 404.5 |
405.0 |
0.5 |
247.99 |
20.00 |
|
|
|
Inc. 417.5 |
418.0 |
0.5 |
74.56 |
20.00 |
|
|
|
474.0 |
483.0 |
9.0 |
6.47 |
1.50 |
Lower Massive Flow |
|
|
Inc. 475.5 |
476.0 |
0.5 |
109.54 |
20.00 |
|
|
|
571.0 |
587.0 |
16.0 |
1.27 |
1.27 |
|
DG-08-518 |
19,320E |
112.0 |
131.0 |
19.0 |
1.49 |
1.49 |
Lower Pillow Flow |
(West Pit) |
|
149.0 |
206.0 |
57.0 |
0.89 |
0.89 |
Lower Pillow Flow |
|
|
247.0 |
254.0 |
7.0 |
4.47 |
4.02 |
Lower Pillow Flow |
|
|
Inc. 248.0 |
249.0 |
1.0 |
23.10 |
20.00 |
|
|
|
307.0 |
324.0 |
17.0 |
0.58 |
0.58 |
|
DG-08-519 |
20,000E |
300.0 |
307.0 |
7.0 |
9.55 |
2.18 |
Massive Flow |
(West Pit) |
|
Inc. 304.8 |
305.3 |
0.5 |
123.17 |
20.00 |
|
|
|
337.0 |
344.0 |
7.0 |
7.92 |
7.92 |
CMH |
|
|
395.0 |
408.0 |
13.0 |
4.42 |
4.42 |
SLDZ |
DG-08-520 |
19,760E |
93.0 |
102.0 |
9.0 |
1.87 |
1.87 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-521 |
19,680E |
62.0 |
79.0 |
17.0 |
1.11 |
1.11 |
|
(West Pit) |
|
|
|
|
|
|
|
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.
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