Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to report assay results for an additional 34 holes
totaling 12,743 metres (including 6 holes abandoned for 527 metres)
from its 2008 and 2009 infill diamond drilling program at the Detour
Lake project in northern Ontario. Thus far in 2009, the Company has
completed 32,682 metres of drilling of the budgeted 50,000 metres,
mainly in the centre of the deposit (Gap Zone) and at the east end of
the deposit (new zone in footwall in area of former open pit).
Today's results are to be incorporated in the pre-feasibility study,
which is now expected to be completed during the third quarter of this
year. The completion of the feasibility study is now projected for the
first quarter of 2010. Components of the pre-feasibility study are
nearing completion and are currently under review by the Company and its
consultant team.
Results from 23 holes (including six holes abandoned) infilling the
centre of the deposit on a 40 metre by 40 metre spacing (from 18,660E to
19,080E, referred to as the Gap Zone) encountered gold mineralization
in the core of the mineralized corridor especially at the contacts
between the massive and pillow flows. The best intercepts included hole
DG-08-606A, which intersected 17.67 g/t (uncut) or 2.33 g/t (cut) over
28.0 metres and hole DG-09-629B, which intersected 3.55 g/t (uncut) or
2.89 g/t (cut) over 36.0 metres.
In the Footwall Zone, results from the first nine of 37 holes totaling
9,028 metres of drilling, testing near-surface mineralization in the
area of the former open pit (from 20,240E to 20,560E), confirmed
continuity of the mineralized zone beyond the limit of the current
US$700 pit shell. Hole DG-09-633, approximately 120 metres east beyond
the US$700 pit shell, intersected 2.52 g/t (uncut) or 2.49 g/t (cut)
over 23.0 metres, at less than 100 metres from surface.
Significant mineralized (uncut) intervals encountered are shown below.
Gap Zone |
|
|
|
DG-08-605 |
DG-08-606A |
DG-08-607 |
DG-09-614 |
2.88 g/t over 24.0
m |
17.67 g/t over
28.0 m |
3.26 g/t over 17.0
m |
2.45 g/t over 26.0
m |
|
|
|
11.26 g/t over 8.0
m |
DG-09-615A |
DG-09-621C |
DG-09-629B |
3.74 g/t over 13.4
m |
9.10 g/t over 13.0
m |
2.49 g/t over 24.0
m |
3.55 g/t over 36.0
m |
|
West Pit |
|
|
|
DG-08-565 |
DG-09-625 |
|
|
7.58 g/t over 7.0 m |
1.43 g/t over 39.0
m |
|
|
3.54 g/t over 28.0
m |
1.62 g/t over 37.0
m |
|
|
Footwall Zone |
|
|
|
DG-09-633 |
|
|
|
2.52 g/t over 23.0
m |
|
|
|
Results from two additional holes in the West Pit confirmed continuity
of the main mineralized zones.
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".
Pre-feasibility Study Update
The Company is nearing the completion of its pre-feasibility study,
which will include the following technical components: mineral
resources/reserves, metallurgy, geotechnical study, open pit mine plan,
metallurgy process design, operating and capital costs and financial
analysis for the Detour Lake gold project. The release of that study is
now anticipated during the third quarter of this year. The cut-off date
for the database (drill holes included in the study) will be extended
from March 27 to June 1, 2009 and will incorporate the results of 44
additional holes from the infill drilling program of 2009 comprising
15,393 metres (for a total of 247,299 metres in 648 holes drilled by the
Company).
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 now prepared at SGS
Minerals Services in Sudbury and assayed in their laboratory at 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-08-565 |
19,680E |
334.0 |
341.0 |
7.0 |
7.58 |
3.64 |
Lower Massive Flow |
(West Pit) |
|
Inc. 334.0 |
335.0 |
1.0 |
47.58 |
20.00 |
|
|
|
411.0 |
418.0 |
7.0 |
1.85 |
1.85 |
|
|
|
445.0 |
473.0 |
28.0 |
3.54 |
2.31 |
Lower Massive Flow |
|
|
Inc. 457.0 |
458.0 |
1.0 |
50.43 |
20.00 |
|
|
|
Inc. 469.5 |
470.0 |
0.5 |
28.41 |
20.00 |
|
DG-08-569 |
18,840E |
241.0 |
248.0 |
7.0 |
2.25 |
2.25 |
|
(Gap Zone) |
|
260.0 |
269.0 |
9.0 |
3.54 |
3.25 |
Upper Pillow Flow |
|
|
Inc. 267.0 |
267.5 |
0.5 |
25.30 |
20.00 |
|
|
|
425.0 |
434.0 |
9.0 |
0.81 |
0.81 |
|
|
|
518.0 |
525.0 |
7.0 |
2.64 |
2.64 |
|
|
|
652.5 |
667.0 |
14.5 |
2.73 |
2.73 |
Lower Pillow Flow |
|
|
675.0 |
695.0 |
20.0 |
1.47 |
1.47 |
Contact Lower MF/PF |
|
|
723.0 |
739.0 |
16.0 |
2.89 |
1.77 |
Lower Massive Flow |
|
|
Inc. 731.7 |
732.2 |
0.5 |
56.03 |
20.00 |
|
DG-08-605 |
18,740E |
50.0 |
60.0 |
10.0 |
1.68 |
1.68 |
|
(Gap Zone) |
|
111.0 |
139.0 |
28.0 |
1.62 |
1.42 |
Upper Pillow Flow |
|
|
Inc. 116.0 |
116.5 |
0.5 |
26.86 |
20.00 |
|
|
|
Inc. 137.0 |
137.5 |
0.5 |
24.56 |
20.00 |
|
|
|
219.0 |
243.0 |
24.0 |
2.88 |
2.18 |
Contact PF/MF |
|
|
Inc. 227.5 |
228.0 |
0.5 |
43.61 |
20.00 |
|
|
|
Inc. 240.5 |
241.0 |
0.5 |
30.45 |
20.00 |
|
|
|
328.0 |
335.0 |
7.0 |
1.03 |
1.03 |
|
DG-08-606 |
18,660E |
Abandoned at 153.0 m. No
Significant Results. |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-08-606A |
18,660E |
286.0 |
311.0 |
25.0 |
1.22 |
1.22 |
Upper Pillow Flow |
(Gap Zone) |
|
546.0 |
554.0 |
8.0 |
1.08 |
1.08 |
|
|
|
622.0 |
650.0 |
28.0 |
17.67 |
2.33 |
Lower Pillow Flow |
|
|
Inc. 623.0 |
624.0 |
1.0 |
449.51 |
20.00 |
|
|
|
685.0 |
699.0 |
14.0 |
1.55 |
1.55 |
|
|
|
710.0 |
717.0 |
7.0 |
1.06 |
1.06 |
|
|
|
757.0 |
774.0 |
17.0 |
1.05 |
1.05 |
|
DG-08-607 |
18,720E |
103.0 |
110.1 |
7.1 |
1.66 |
1.66 |
|
(Gap Zone) |
|
123.0 |
130.0 |
7.0 |
1.09 |
1.09 |
|
|
|
220.0 |
239.0 |
19.0 |
2.21 |
1.22 |
Lower Pillow Flow |
|
|
Inc. 233.5 |
234.0 |
0.5 |
57.82 |
20.00 |
|
|
|
297.0 |
304.0 |
7.0 |
2.36 |
2.36 |
|
|
|
315.0 |
332.0 |
17.0 |
3.26 |
1.16 |
Lower Massive Flow |
|
|
Inc. 317.5 |
318.0 |
0.5 |
91.44 |
20.00 |
|
DG-08-608 |
18,720E |
68.0 |
82.5 |
14.5 |
1.42 |
1.42 |
|
(Gap Zone) |
|
115.0 |
122.0 |
7.0 |
1.11 |
1.11 |
|
|
|
298.0 |
308.6 |
10.6 |
1.48 |
1.48 |
|
DG-08-609 |
18,740E |
199.0 |
206.0 |
7.0 |
1.46 |
1.46 |
|
(Gap Zone) |
|
436.0 |
445.0 |
9.0 |
1.81 |
1.81 |
|
DG-08-610 |
18,700E |
264.0 |
273.0 |
9.0 |
1.96 |
1.96 |
|
(Gap Zone) |
|
330.3 |
338.0 |
7.7 |
2.33 |
2.33 |
|
|
|
350.0 |
376.0 |
26.0 |
1.51 |
1.51 |
Lower Pillow Flow |
|
|
403.0 |
412.0 |
9.0 |
2.17 |
2.17 |
|
|
|
421.0 |
438.0 |
17.0 |
1.17 |
1.17 |
|
|
|
468.0 |
480.0 |
12.0 |
1.34 |
1.34 |
|
|
|
528.0 |
538.0 |
10.0 |
1.63 |
1.63 |
|
DG-08-611 |
18,760E |
482.0 |
501.0 |
19.0 |
1.07 |
1.07 |
|
(Gap Zone) |
|
511.0 |
518.0 |
7.0 |
1.81 |
1.81 |
|
DG-09-612 |
18,700E |
350.0 |
364.0 |
14.0 |
1.09 |
1.09 |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-09-613 |
18,800E |
282.5 |
295.0 |
12.5 |
3.03 |
1.56 |
Upper Pillow Flow |
(Gap Zone) |
|
Inc. 282.5 |
283.0 |
0.5 |
56.73 |
20.00 |
|
|
|
358.5 |
368.0 |
9.5 |
1.49 |
1.48 |
|
|
|
Inc. 359.3 |
359.8 |
0.5 |
20.16 |
20.00 |
|
|
|
724.0 |
731.0 |
7.0 |
1.50 |
1.50 |
|
|
|
751.0 |
763.0 |
12.0 |
1.86 |
1.86 |
|
DG-09-614 |
18,920E |
146.0 |
160.0 |
14.0 |
2.23 |
2.23 |
Upper Massive Flow |
(Gap Zone) |
|
260.0 |
271.0 |
11.0 |
0.88 |
0.88 |
|
|
|
388.0 |
396.0 |
8.0 |
3.60 |
2.90 |
Lower Massive Flow |
|
|
Inc. 394.0 |
395.0 |
1.0 |
25.64 |
20.00 |
|
|
|
444.0 |
470.0 |
26.0 |
2.45 |
2.45 |
Contact PF/MF |
|
|
493.0 |
501.0 |
8.0 |
11.26 |
7.19 |
|
|
|
Inc. 497.0 |
498.0 |
1.0 |
20.26 |
20.00 |
|
|
|
Inc. 498.0 |
499.0 |
1.0 |
52.28 |
20.00 |
|
|
|
525.0 |
538.4 |
13.4 |
3.74 |
3.18 |
Lower Pillow Flow |
|
|
Inc. 529.2 |
529.7 |
0.5 |
34.86 |
20.00 |
|
DG-09-615 |
19,000E |
Abandoned at 259.5 m. No
Significant results. |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-09-615A |
19,000E |
449.0 |
456.0 |
7.0 |
2.90 |
1.65 |
|
(Gap Zone) |
|
Inc. 451.8 |
452.3 |
0.5 |
37.56 |
20.00 |
|
|
|
473.0 |
486.0 |
13.0 |
9.10 |
1.38 |
Lower Pillow Flow |
|
|
Inc. 473.0 |
473.5 |
0.5 |
220.63 |
20.00 |
|
DG-09-616 |
18,960E |
168.0 |
183.0 |
15.0 |
1.00 |
1.00 |
|
(Gap Zone) |
|
240.0 |
250.0 |
10.0 |
1.02 |
1.02 |
|
|
|
353.0 |
362.0 |
9.0 |
1.66 |
1.66 |
|
|
|
543.0 |
550.0 |
7.0 |
1.61 |
1.61 |
|
DG-09-617 |
20,560E |
No Significant Results. |
|
(West Pit) |
|
|
|
|
|
|
|
DG-09-620 |
20,520E |
No Significant Results. Hit drift
at 429 m. |
|
(West Pit) |
|
|
|
|
|
|
|
DG-09-621 |
19,040E |
135.0 |
144.3 |
9.3 |
1.22 |
1.22 |
|
(Gap Zone) |
|
161.5 |
169.0 |
7.5 |
5.49 |
1.98 |
Upper Massive Flow |
|
|
Inc. 162.5 |
163.0 |
0.5 |
72.70 |
20.00 |
|
|
|
263.0 |
270.0 |
7.0 |
1.17 |
1.17 |
|
DG-09-621A |
19,040E |
Abandoned wedge (402-430 m). Not
sampled. Hit drift at 430 m. |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-09-621B |
19,040E |
Abandoned wedge (297-330 m). Not
sampled and too shallow. |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-09-621C |
19,040E |
Wedge from 226.5-690 m. |
|
(Gap Zone) |
|
557.0 |
566.0 |
9.0 |
1.66 |
1.66 |
|
|
|
583.0 |
590.0 |
7.0 |
3.93 |
3.93 |
Lower Pillow Flow |
|
|
633.0 |
657.0 |
24.0 |
2.49 |
2.49 |
Lower Pillow Flow |
|
|
671.0 |
678.0 |
7.0 |
3.00 |
1.94 |
|
|
|
Inc. 677.0 |
677.5 |
0.5 |
34.80 |
20.00 |
|
DG-09-622 |
20,560E |
182.0 |
190.0 |
8.0 |
1.20 |
1.20 |
|
(West Pit) |
|
|
|
|
|
|
|
DG-09-623 |
19,080E |
106.5 |
116.0 |
9.5 |
1.43 |
1.43 |
|
(Gap Zone) |
|
196.0 |
236.0 |
40.0 |
0.97 |
0.97 |
Upper Pillow Flow |
|
|
334.0 |
341.0 |
7.0 |
1.16 |
1.16 |
|
|
|
473.0 |
480.0 |
7.0 |
1.67 |
1.48 |
|
|
|
Inc. 478.5 |
479.0 |
0.5 |
22.75 |
20.00 |
|
|
|
575.0 |
621.0 |
46.0 |
0.95 |
0.88 |
Lower Pillow Flow |
|
|
Inc. 575.0 |
575.5 |
0.5 |
26.86 |
20.00 |
|
DG-09-624 |
20,520E |
No Significant Results. |
|
(West Pit) |
|
|
|
|
|
|
|
DG-09-625 |
19,440E |
11.0 |
18.0 |
7.0 |
1.08 |
1.08 |
|
(West Pit) |
|
187.0 |
197.0 |
10.0 |
0.75 |
0.75 |
|
|
|
205.0 |
244.0 |
39.0 |
1.43 |
1.43 |
Lower Pillow Flow |
|
|
286.0 |
323.0 |
37.0 |
1.62 |
1.62 |
Lower Pillow Flow |
|
|
363.0 |
372.5 |
9.5 |
1.39 |
1.39 |
|
DG-09-626 |
20,440E |
43.0 |
68.0 |
25.0 |
1.90 |
1.90 |
SLDZ |
(West Pit) |
|
|
|
|
|
|
|
DG-09-627 |
20,240E |
110.0 |
141.0 |
31.0 |
1.50 |
1.50 |
SLDZ |
(West Pit) |
|
|
|
|
|
|
|
DG-09-628 |
20,480E |
34.0 |
49.0 |
15.0 |
2.00 |
2.00 |
SLDZ |
(West Pit) |
|
61.0 |
68.0 |
7.0 |
1.19 |
1.19 |
|
DG-09-629 |
19,080E |
Abandoned at 24.0 m in
overburden. |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-09-629A |
19,080E |
Abandoned at 30.0 m in
overburden. |
|
(Gap Zone) |
|
|
|
|
|
|
|
DG-09-629B |
19,080E |
84.0 |
93.0 |
9.0 |
1.52 |
1.52 |
|
(Gap Zone) |
|
250.0 |
259.0 |
9.0 |
0.90 |
0.90 |
|
|
|
306.0 |
314.0 |
8.0 |
1.00 |
1.00 |
|
|
|
350.0 |
364.0 |
14.0 |
1.28 |
1.28 |
|
|
|
412.0 |
427.0 |
15.0 |
1.60 |
1.60 |
|
|
|
443.0 |
450.0 |
7.0 |
1.01 |
1.01 |
|
|
|
487.0 |
523.0 |
36.0 |
3.55 |
2.89 |
Lower Pillow Flow |
|
|
Inc. 509.0 |
509.5 |
0.5 |
30.30 |
20.00 |
|
|
|
Inc. 509.5 |
510.0 |
0.5 |
25.30 |
20.00 |
|
|
|
Inc. 517.0 |
517.5 |
0.5 |
46.50 |
20.00 |
|
|
|
Inc. 518.1 |
518.6 |
0.5 |
25.36 |
20.00 |
|
DG-09-630 |
20,480E |
131.0 |
139.0 |
8.0 |
1.38 |
1.38 |
|
(West Pit) |
|
149.0 |
164.0 |
15.0 |
1.53 |
1.25 |
|
|
|
Inc. 150.0 |
150.5 |
0.5 |
28.35 |
20.00 |
|
|
|
190.0 |
200.0 |
10.0 |
0.82 |
0.82 |
|
|
|
208.0 |
215.0 |
7.0 |
2.51 |
2.51 |
|
DG-09-633 |
20,440E |
122.0 |
145.0 |
23.0 |
2.52 |
2.49 |
SLDZ |
(West Pit) |
|
Inc. 133.0 |
134.0 |
1.0 |
20.70 |
20.00 |
|
|
|
167.0 |
174.0 |
7.0 |
1.05 |
1.05 |
|
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"). Specifically, this press release
contains forward-looking statements regarding: Detour Gold's intent to
advance the Detour Lake Project towards the development stage, including
the timing for completion of a pre-feasibility study and a feasibility
study on the Detour Lake gold project and the impact of the results on
the final pit design for the pre-feasibility study. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors which are beyond Detour Gold's ability to predict or control and
may cause Detour Gold'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. These
risks, uncertainties and other factors include, but are not limited to,
gold price volatility, changes in debt and equity markets, the
uncertainties involved in interpreting geological data, increases in
costs, environmental compliance and changes in environmental legislation
and regulation, interest rate and exchange rate fluctuations, general
economic conditions and other risks involved in the gold exploration and
development industry, as well as those risk factors discussed in the
section entitled "Description of Business - Risk Factors" in Detour
Gold's 2008 annual information form. Such forward-looking statements are
also based on a number of assumptions which may prove to be incorrect,
including, but not limited to, assumptions about the following: the
availability of financing for exploration and development activities;
the estimated timeline for the development of the Detour Lake Project;
the supply and demand for, and the level and volatility of the price of,
gold; the accuracy of resource estimates and the assumptions on which
the resource estimates are based; market competition; ongoing relations
with employees and local communities; and general business and economic
conditions. Accordingly, readers should not place undue reliance on
forward-looking statements. Detour Gold undertakes no obligation to
update publicly or otherwise revise any forward-looking statements
contained herein whether as a result of new information or future events
or otherwise, except as may be required by law.
|