Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to announce the appointment of Pierre Beaudoin as
Senior Vice President, Capital Projects. Pierre will be responsible for
advancing the Detour Lake gold project towards production. Pierre's
initial efforts will focus on the finalization of the on-going
feasibility study and assembling the construction and operation teams to
bring this major open pit mining project into production.
Pierre Beaudoin, a mineral processing professional, brings over 25 years
of international operating and project development experience. Prior to
joining Detour Gold, Pierre spent the past 16 years with Barrick Gold
Corporation. In his recent role as Director of Project in the Capital
Projects Group, he directed the pre-feasibility and feasibility studies
of the Cerro Casale open pit copper-gold project in Chile, one of the
world's largest undeveloped projects. As Project Manager, he also
delivered a feasibility study for the Donlin Creek open pit project
(Alaska) in 2007 (currently 29.3 million ounces of gold in reserves). He
also contributed to the development of the Buzwagi gold mine in
Tanzania (successfully commissioned in May 2009). Earlier on at Barrick
Gold, Pierre held senior management positions at the processing plants
of Doyon (Québec), Holt-McDermott (Ontario), and Kargoorlie Super Pit
(Australia) mining operations. He was instrumental in improving process
plant productivity at several of Barrick Gold's gold operations
worldwide (USA, Chile, Peru, Australia) and to the successful
commissioning of the Tambo gold processing plant in Chile. Pierre
started his career at Noranda Minerals followed by Lac Minerals.
Gerald Panneton, President and CEO of Detour Gold commented, "The
Company is adding a talented individual in Pierre to lead the
development team of the Detour Lake project, which is a testament to the
quality of the asset. His extensive experience in project development
and operations of world-class gold projects brings the complementary
leadership we need to advance Detour Lake to production and become a
mid-tier gold producer."
About Detour Gold
Detour Gold is a Canadian gold exploration and development company with a
highly experienced management and technical team whose primary focus is
to advance the development of its flagship Detour Lake gold project
located in northeastern Ontario.
The Detour Lake deposit is Canada's largest undeveloped gold reserve and
ranks sixth among the top ten largest gold reserves in North America,
with 8.8 million ounces. The Company is completing a feasibility study
and expects to release the results in the second quarter of 2010. In
parallel, the Company is advancing the permitting and engineering
development work.
For further information, please contact:
| Gerald Panneton, President and CEO |
Laurie Gaborit, Director Investor Relations |
| Tel: (416) 304.0800 |
Tel: (416) 304.0581 |
Detour Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street,
Suite 2040, Toronto, Ontario M5J 2J1
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 the advancement of the
Detour Lake project and the release of the feasibility study results.
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 Project; the supply and demand for, and the level and
volatility of the price of, gold; the accuracy of reserve and resource
estimates and the assumptions on which the reserve and 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.
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