Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to report assay results for an additional 35 holes
totaling 13,395 metres from its 2008 infill drilling program at the
Detour Lake project in northern Ontario. Approximately 23,000 metres of
the 231,104 metres (621 holes) drilled in the 2007-08 programs remain to
be assayed. Drilling resumed on January 5, 2009 with two drill rigs for
an additional 20,000 metres.
Results continue to indicate 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 waste to ore ratio, for the feasibility study expected in 2009.
The 23 holes drilled at the eastern end of the deposit (east end of
former open pit) between sections 19,400E and 20,320E encountered
significant gold mineralization within the US$700 pit shell. Good
continuity of the mineralized zones was established on section 19,720E
with results from an additional four holes (i.e. 2.83 g/t (uncut) or
1.84 g/t (cut) over 33 metres in hole DG-08-480, and 2.01 g/t (uncut and
cut) over 25 metres and 1.75 g/t (uncut) or 1.16 g/t (cut) over 33.0
metres in hole DG-08-485.
At the eastern end of the deposit, significant mineralization was
encountered in the footwall rocks (Sunday Lake Deformation Zone), both
outside and inside the US$700 pit shell. In particular, from surface to
200 metres, on the south side of the former pit, there is potential to
find more mineralization. Although this area can only be drilled from
the south side of the former pit at this time, hole DG-08-466
intersected 3.01 g/t (uncut) or 2.03 (cut) over 41.0 metres. The
estimated true width is approximately 20 metres. The footwall
mineralization is also open at depth but is occasionally cut by
unmineralized mafic dykes and intrusives.
In the Calcite Zone, results from six holes indicated additional gold
mineralization within the US$700 pit shell. Of importance, in the core
of the mineralized corridor, hole DG-08-471 encountered 2.43 g/t
(uncut) or 2.20 g/t (cut) over 41.0 metres in the hanging wall and 3.25
g/t (uncut) or 2.06 g/t (cut) over 30.0 metres at the hanging wall
contact with CMH (Chert Marker Horizon).
Results from six holes infilling the centre of the deposit (Gap Zone
between sections 18,620E and 18,800E) showed good continuity especially
at the contacts between massive and pillow flows. Hole DG-08-460
intersected 3.68 g/t (uncut) or 3.08 g/t (cut) over 15.0 metres, 2.48
g/t (uncut) or 2.08 g/t (cut) over 42.0 metres, and 3.55 g/t (uncut) or
3.31 g/t (cut) over 18.0 metres in the core of the mineralized
corridor.
The best mineralized (uncut) intervals encountered are shown below.
Calcite Zone |
|
|
|
DG-08-423 |
DG-08-471 |
DG-08-477 |
|
15.09 g/t over
11.0 m |
2.43 g/t over 41.0
m |
4.38 g/t over 21.0
m |
|
|
3.25 g/t over 30.0
m |
|
|
Gap Zone |
|
|
|
DG-08-451A |
DG-08-460 |
DG-08-496 |
|
5.19 g/t over 11.0
m |
9.65 g/t over 7.0 m |
8.53 g/t over 14.0
m |
|
7.39 g/t over 7.0 m |
3.68 g/t over 15.0
m |
|
|
8.54 g/t over 9.0 m |
2.48 g/t over 42.0
m |
|
|
|
3.55 g/t over 18.0
m |
|
|
West Pit |
|
|
|
DG-08-446A |
DG-08-463 |
DG-08-466 |
DG-08-476 |
2.14 g/t over 32.0
m |
1.96 g/t over 40.5
m |
3.01 g/t over 41.0
m |
1.56 g/t over 42.0
m |
5.07 g/t over 15.0
m |
|
|
9.17 g/t over 18.7
m |
|
|
|
|
DG-08-480 |
DG-08-485 |
DG-08-498 |
|
2.83 g/t over 33.0
m |
2.01 g/t over 25.0
m |
2.95 g/t over 22.0
m |
|
|
1.75 g/t over 33.0
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 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. 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-08-378 |
18,800E |
No Significant
Results |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-08-391 |
18,180E |
No Significant
Results |
|
(Calcite Zone) |
|
|
|
|
|
|
|
DG-08-423 |
18,260E |
330.0 |
341.0 |
11.0 |
15.09 |
8.41 |
PF/MF |
(Calcite Zone) |
|
Inc. 336.0 |
337.0 |
1.0 |
50.46 |
20.00 |
|
|
|
Inc. 340.0 |
341.0 |
1.0 |
63.04 |
20.00 |
|
|
|
397.0 |
416.0 |
19.0 |
1.65 |
1.65 |
Lower Pillow Flow |
|
|
487.0 |
496.0 |
9.0 |
1.20 |
1.20 |
|
|
|
521.0 |
533.0 |
12.0 |
1.79 |
1.79 |
|
DG-08-446 |
19,400E |
57.0 |
66.0 |
9.0 |
1.18 |
1.18 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-446A |
19,400E |
127.0 |
134.0 |
7.0 |
2.13 |
2.13 |
|
(West Pit) |
|
291.0 |
311.0 |
20.0 |
0.70 |
0.70 |
|
|
|
339.0 |
357.0 |
18.0 |
1.28 |
1.28 |
|
|
|
369.0 |
401.0 |
32.0 |
2.14 |
2.14 |
Lower Pillow Flow |
|
|
414.0 |
429.0 |
15.0 |
5.07 |
1.67 |
Lower Pillow Flow |
|
|
Inc. 424.5 |
425.0 |
0.5 |
122.00 |
20.00 |
|
|
|
443.5 |
456.0 |
12.5 |
1.50 |
1.50 |
|
DG-08-451 |
18,660E |
36.0 |
44.0 |
8.0 |
2.24 |
2.24 |
|
(Gap Zone) |
|
61.0 |
72.0 |
11.0 |
0.92 |
0.92 |
|
|
|
110.0 |
127.0 |
17.0 |
2.71 |
1.71 |
Upper Pillow Flow |
|
|
Inc. 116.0 |
117.0 |
1.0 |
37.00 |
20.00 |
|
DG-08-451A |
18,660E |
36.0 |
45.0 |
9.0 |
1.11 |
1.11 |
|
(Gap Zone) |
|
90.0 |
101.0 |
11.0 |
0.85 |
0.85 |
|
|
|
112.0 |
131.0 |
19.0 |
1.18 |
1.18 |
|
|
|
153.0 |
166.0 |
13.0 |
0.61 |
0.61 |
|
|
|
252.0 |
263.0 |
11.0 |
5.19 |
2.56 |
Lower Pillow Flow |
|
|
Inc. 253.0 |
254.0 |
1.0 |
49.01 |
20.00 |
|
|
|
291.0 |
301.0 |
10.0 |
1.05 |
1.05 |
|
|
|
323.0 |
334.0 |
11.0 |
0.99 |
0.99 |
|
|
|
380.0 |
387.0 |
7.0 |
7.39 |
2.93 |
Upper Mafic Flow |
|
|
Inc. 383.0 |
384.0 |
1.0 |
51.23 |
20.00 |
|
|
|
411.0 |
420.0 |
9.0 |
8.54 |
5.44 |
Upper Mafic Flow |
|
|
Inc. 416.0 |
417.0 |
1.0 |
47.92 |
20.00 |
|
|
|
432.0 |
446.0 |
14.0 |
1.03 |
1.03 |
|
|
|
547.0 |
557.6 |
10.6 |
1.05 |
1.05 |
|
DG-08-453 |
18,540E |
47.0 |
81.0 |
34.0 |
0.81 |
0.81 |
Upper Pillow Flow |
(Calcite Zone) |
|
108.0 |
118.0 |
10.0 |
1.02 |
1.02 |
|
|
|
152.0 |
164.0 |
12.0 |
4.14 |
3.06 |
Upper Pillow Flow |
|
|
Inc. 157.2 |
157.7 |
0.5 |
45.85 |
20.00 |
|
|
|
191.0 |
198.0 |
7.0 |
1.92 |
1.92 |
|
|
|
221.0 |
228.0 |
7.0 |
1.69 |
1.69 |
|
DG-08-457 |
18,580E |
No Significant
Results |
|
(Calcite Zone) |
|
|
|
|
|
|
|
DG-08-460 |
18,760E |
29.0 |
36.0 |
7.0 |
9.65 |
2.96 |
Upper Mafic Flow |
(Gap Zone) |
|
Inc. 35.0 |
36.0 |
1.0 |
66.85 |
20.00 |
|
|
|
62.0 |
70.0 |
8.0 |
1.29 |
1.29 |
|
|
|
87.0 |
102.0 |
15.0 |
3.68 |
3.06 |
Upper Mafic Flow |
|
|
Inc. 100.7 |
101.2 |
0.5 |
31.75 |
20.00 |
|
|
|
Inc. 101.2 |
102.0 |
0.8 |
24.41 |
20.00 |
|
|
|
169.0 |
211.0 |
42.0 |
2.48 |
2.09 |
Upper Pillow Flow |
|
|
Inc. 209.0 |
210.0 |
1.0 |
28.10 |
20.00 |
|
|
|
Inc. 210.0 |
211.0 |
1.0 |
28.10 |
20.00 |
|
|
|
263.0 |
285.0 |
22.0 |
1.30 |
1.30 |
Upper Pillow Flow |
|
|
298.0 |
311.0 |
13.0 |
3.75 |
2.18 |
Upper Mafic Flow |
|
|
Inc. 310.5 |
311.0 |
0.5 |
60.90 |
20.00 |
|
|
|
334.0 |
352.0 |
18.0 |
3.55 |
3.31 |
Upper Mafic Flow |
|
|
Inc. 337.4 |
337.9 |
0.5 |
22.13 |
20.00 |
|
|
|
Inc. 351.5 |
352.0 |
0.5 |
26.48 |
20.00 |
|
|
|
370.0 |
381.0 |
11.0 |
1.01 |
1.01 |
|
|
|
455.0 |
463.0 |
8.0 |
2.42 |
2.42 |
|
|
|
510.0 |
523.0 |
13.0 |
0.57 |
0.57 |
|
|
|
550.0 |
566.0 |
16.0 |
2.43 |
2.43 |
CMH |
DG-08-461 |
19,560E |
15.0 |
47.0 |
32.0 |
1.35 |
1.35 |
Upper Pillow Flow |
(West Pit) |
|
102.0 |
109.0 |
7.0 |
1.88 |
1.88 |
|
|
|
224.0 |
231.0 |
7.0 |
3.79 |
3.79 |
CMH |
|
|
249.0 |
260.0 |
11.0 |
0.92 |
0.92 |
|
|
|
321.0 |
328.0 |
7.0 |
1.99 |
1.99 |
|
DG-08-463 |
19,440E |
181.0 |
188.0 |
7.0 |
1.65 |
1.65 |
|
(West Pit) |
|
375.5 |
416.0 |
40.5 |
1.96 |
1.79 |
Upper Pillow Flow |
|
|
Inc. 387.0 |
387.5 |
0.5 |
28.30 |
20.00 |
|
|
|
Inc. 387.5 |
388.1 |
0.6 |
24.29 |
20.00 |
|
|
|
480.0 |
488.0 |
8.0 |
3.64 |
1.45 |
Upper Pillow Flow |
|
|
Inc. 480.0 |
480.5 |
0.5 |
55.01 |
20.00 |
|
DG-08-466 |
19,960E |
122.0 |
163.0 |
41.0 |
3.01 |
2.03 |
SLDZ-talc chlor. schist |
(West Pit) |
|
Inc. 161.0 |
162.0 |
1.0 |
59.90 |
20.00 |
|
|
|
206.0 |
213.0 |
7.0 |
5.83 |
5.34 |
SLDZ-talc chlor. schist |
|
|
Inc. 207.0 |
207.5 |
0.5 |
26.90 |
20.00 |
|
|
|
263.0 |
274.0 |
11.0 |
2.13 |
2.13 |
|
|
|
305.0 |
316.0 |
11.0 |
1.16 |
1.16 |
|
DG-08-467 |
19,440E |
Abandoned in
overburden. Not assayed. |
|
(West Pit) |
|
|
|
DG-08-467A |
19,440E |
97.0 |
111.0 |
14.0 |
1.01 |
1.01 |
|
|
|
215.5 |
238.0 |
22.5 |
1.04 |
1.04 |
|
|
|
271.0 |
281.0 |
10.0 |
0.90 |
0.90 |
|
|
|
291.0 |
306.5 |
15.5 |
0.73 |
0.73 |
|
|
|
427.5 |
447.0 |
19.5 |
1.89 |
1.89 |
Upper Pillow Flow |
DG-08-471 |
18,500E |
126.0 |
133.0 |
7.0 |
2.38 |
2.38 |
|
(Calcite Zone) |
|
171.0 |
212.0 |
41.0 |
2.43 |
2.20 |
Upper Pillow Flow |
|
|
Inc. 185.0 |
185.5 |
0.5 |
39.02 |
20.00 |
|
|
|
230.0 |
245.0 |
15.0 |
1.29 |
1.29 |
|
|
|
260.0 |
269.5 |
9.5 |
1.09 |
1.09 |
|
|
|
291.0 |
298.0 |
7.0 |
2.09 |
2.09 |
|
|
|
341.0 |
349.0 |
8.0 |
5.10 |
3.73 |
Upper Mafic Flow |
|
|
Inc. 341.0 |
342.0 |
1.0 |
31.00 |
20.00 |
|
|
|
451.0 |
481.0 |
30.0 |
3.25 |
2.06 |
Pillow Flow/CMH |
|
|
Inc. 472.0 |
472.5 |
0.5 |
37.70 |
20.00 |
|
|
|
Inc. 472.5 |
473.0 |
0.5 |
24.28 |
20.00 |
|
|
|
Inc. 473.0 |
473.5 |
0.5 |
67.72 |
20.00 |
|
|
|
Inc. 473.5 |
474.0 |
0.5 |
21.66 |
20.00 |
|
|
|
550.0 |
569.0 |
19.0 |
1.03 |
1.03 |
|
DG-08-472 |
19,720E |
134.0 |
141.0 |
7.0 |
1.20 |
1.20 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-474 |
19,920E |
221.0 |
229.5 |
8.5 |
0.95 |
0.95 |
|
(West Pit) |
|
287.0 |
300.0 |
13.0 |
0.59 |
0.59 |
|
|
|
317.0 |
326.0 |
9.0 |
0.88 |
0.88 |
|
|
|
364.0 |
371.0 |
7.0 |
1.35 |
1.35 |
|
|
|
420.0 |
427.0 |
7.0 |
1.73 |
1.73 |
|
DG-08-475 |
19,720E |
34.0 |
42.0 |
8.0 |
1.83 |
1.83 |
|
(West Pit) |
|
175.0 |
196.0 |
21.0 |
1.68 |
1.61 |
CMH/Chlor. greenstone |
|
|
Inc. 183.0 |
183.5 |
0.5 |
22.75 |
20.00 |
|
DG-08-476 |
19,480E |
209.0 |
251.0 |
42.0 |
1.56 |
1.53 |
|
(West Pit) |
|
Inc. 245.5 |
246.0 |
0.5 |
22.68 |
20.00 |
|
|
|
270.0 |
293.5 |
23.50 |
1.25 |
1.25 |
|
|
|
321.0 |
330.0 |
9.0 |
2.19 |
2.19 |
|
|
|
344.0 |
353.0 |
9.0 |
0.93 |
0.93 |
|
|
|
366.0 |
384.7 |
18.7 |
9.17 |
4.00 |
Upper Pillow Flow |
|
|
Inc. 368.6 |
369.1 |
0.5 |
65.50 |
20.00 |
|
|
|
Inc. 371.5 |
372.0 |
0.5 |
92.94 |
20.00 |
|
|
|
Inc. 372.0 |
372.5 |
0.5 |
22.30 |
20.00 |
|
|
|
Inc. 372.5 |
373.0 |
0.5 |
33.00 |
20.00 |
|
|
|
Inc. 384.2 |
384.7 |
0.5 |
79.50 |
20.00 |
|
DG-08-477 |
18,460E |
115.0 |
136.0 |
21.0 |
1.20 |
1.20 |
Upper Pillow Flow |
(Calcite Zone) |
|
210.0 |
227.0 |
17.0 |
1.32 |
1.32 |
|
|
|
251.0 |
265.0 |
14.0 |
1.27 |
1.27 |
|
|
|
283.0 |
294.0 |
11.0 |
2.75 |
2.75 |
Lower Massive Flow |
|
|
322.0 |
343.0 |
21.0 |
4.38 |
3.08 |
Upper Pillow Flow |
|
|
Inc. 337.0 |
338.0 |
1.0 |
47.17 |
20.00 |
|
|
|
482.0 |
489.0 |
7.0 |
1.55 |
1.55 |
|
|
|
530.0 |
544.0 |
14.0 |
1.85 |
1.85 |
Upper Massive Flow |
|
|
644.0 |
657.0 |
13.0 |
2.36 |
2.36 |
Upper Massive Flow |
DG-08-478 |
19,520E |
438.0 |
445.5 |
7.5 |
1.13 |
1.13 |
|
(West Pit) |
|
493.0 |
500.0 |
7.0 |
1.60 |
1.60 |
|
|
|
510.0 |
526.0 |
16.0 |
1.58 |
1.58 |
Upper Massive Flow |
|
|
543.0 |
568.0 |
25.0 |
0.85 |
0.85 |
|
DG-08-479 |
19,840E |
No Significant
Results |
|
(West Pit) |
|
|
|
DG-08-480 |
19,720E |
90.0 |
116.0 |
26.0 |
1.83 |
1.83 |
Upper Massive Flow |
(West Pit) |
|
141.0 |
152.0 |
11.0 |
1.03 |
1.03 |
|
|
|
166.0 |
173.0 |
7.0 |
1.03 |
1.03 |
|
|
|
210.0 |
243.0 |
33.0 |
2.83 |
1.84 |
MF/CMH |
|
|
Inc. 230.0 |
230.5 |
0.5 |
85.80 |
20.00 |
|
DG-08-481 |
19,840E |
378.0 |
390.0 |
12.0 |
1.61 |
1.61 |
|
(West Pit) |
|
413.0 |
420.0 |
7.0 |
3.09 |
3.09 |
|
|
|
549.0 |
556.0 |
7.0 |
1.06 |
1.06 |
|
DG-08-482 |
19,680E |
No Significant
Results |
|
(West Pit) |
|
|
|
|
|
|
|
DG-08-484 |
19,600E |
285.0 |
292.0 |
7.0 |
1.16 |
1.16 |
|
(West Pit) |
|
304.0 |
317.0 |
13.0 |
3.64 |
2.66 |
Upper Massive Flow |
|
|
Inc. 307.1 |
307.6 |
0.5 |
30.08 |
20.00 |
|
|
|
Inc. 316.0 |
316.5 |
0.5 |
35.39 |
20.00 |
|
DG-08-485 |
19,720E |
61.0 |
71.0 |
10.0 |
0.72 |
0.72 |
|
(West Pit) |
|
80.0 |
105.0 |
25.0 |
2.01 |
2.01 |
Upper Massive Flow |
|
|
139.0 |
163.0 |
24.0 |
1.24 |
1.18 |
Upper Massive Flow |
|
|
Inc. 162.5 |
163.0 |
0.5 |
22.87 |
20.00 |
|
|
|
173.0 |
181.0 |
8.0 |
0.88 |
0.88 |
|
|
|
201.0 |
208.0 |
7.0 |
1.29 |
1.29 |
|
|
|
237.0 |
270.0 |
33.0 |
1.75 |
1.16 |
PF/CMH |
|
|
Inc. 243.0 |
243.5 |
0.5 |
58.96 |
20.00 |
|
|
|
286.0 |
293.0 |
7.0 |
1.02 |
1.02 |
|
DG-08-490 |
18,620E |
151.0 |
159.5 |
8.5 |
0.99 |
0.99 |
|
(Gap Zone) |
|
169.0 |
177.0 |
8.0 |
0.96 |
0.96 |
|
|
|
222.5 |
235.5 |
13.0 |
0.85 |
0.85 |
|
|
|
255.0 |
265.5 |
10.5 |
0.93 |
0.93 |
|
|
|
311.0 |
318.0 |
7.0 |
5.08 |
2.24 |
Upper Pillow Flow |
|
|
Inc. 316.5 |
317.0 |
0.5 |
59.74 |
20.00 |
|
|
|
347.0 |
355.0 |
8.0 |
1.35 |
1.35 |
|
|
|
372.0 |
379.0 |
7.0 |
3.75 |
2.73 |
Upper Massive Flow |
|
|
Inc. 373.2 |
373.7 |
0.5 |
34.29 |
20.00 |
|
|
|
484.0 |
491.0 |
7.0 |
0.88 |
0.88 |
|
|
|
527.0 |
534.0 |
7.0 |
1.48 |
1.48 |
|
DG-08-491 |
19,640E |
135.0 |
147.0 |
12.0 |
1.07 |
1.07 |
|
(West Pit) |
|
179.0 |
193.0 |
14.0 |
0.62 |
0.62 |
|
DG-08-492 |
20,320E |
265.0 |
287.0 |
22.0 |
1.23 |
1.23 |
SLDZ-talc chlor. schist |
(West Pit) |
|
|
|
|
|
|
|
DG-08-494 |
20,280E |
211.0 |
227.0 |
16.0 |
1.80 |
1.80 |
SLDZ-Chlor. greenstone |
(West Pit) |
|
|
|
|
|
|
|
DG-08-496 |
18,660E |
23.0 |
39.0 |
16.0 |
1.36 |
1.36 |
|
(Gap Zone) |
|
87.0 |
116.5 |
29.5 |
1.38 |
1.38 |
Upper Massive Flow |
|
|
166.0 |
178.0 |
12.0 |
1.32 |
1.32 |
|
|
|
196.0 |
205.0 |
9.0 |
2.56 |
2.56 |
|
|
|
258.0 |
268.5 |
10.5 |
0.84 |
0.84 |
|
|
|
333.0 |
340.5 |
7.5 |
1.42 |
1.42 |
|
|
|
412.0 |
426.0 |
14.0 |
8.53 |
2.95 |
Upper Mafic Flow |
|
|
Inc. 413.0 |
413.5 |
0.5 |
91.97 |
20.00 |
|
|
|
Inc. 423.0 |
423.5 |
0.5 |
104.26 |
20.00 |
|
DG-08-498 |
19,640E |
240.0 |
262.0 |
22.0 |
2.95 |
1.63 |
Upper Pillow Flow |
(West Pit) |
|
Inc. 251.5 |
252.0 |
0.5 |
78.20 |
20.00 |
|
|
|
275.5 |
283.0 |
7.5 |
3.12 |
2.28 |
|
|
|
Inc. 275.5 |
276.0 |
0.5 |
32.64 |
20.00 |
|
DG-08-499 |
20240E |
No Significant
Results |
|
(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.
|