Detour Gold Corporation
TSX : DGC

Detour Gold Corporation

July 07, 2009 11:00 ET

Detour Gold Reports Encouraging Drill Results from its Footwall Zone Discovery at Detour Lake in Ontario

(2.95 g/t/ 32.0 m, 5.82 g/t/ 14.0 m, and 1.34 g/t/ 39.0 m)

TORONTO, ONTARIO--(Marketwire - July 7, 2009) - Detour Gold Corporation (TSX:DGC)("Detour Gold" or the "Company") is pleased to report assay results for an additional 36 holes totaling 12,095 metres (including three holes abandoned for 362 metres) from its 2009 infill diamond drilling program at the Detour Lake project in northern Ontario. Thus far in 2009, the Company has completed 43,248 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). The Company is expanding its drilling program for 2009 by adding an additional 45,000 metres, which will focus on completing the 40 metre grid spacing to the west of the Calcite Zone (west of section 18,500E). The additional program started last week with six drill rigs on site.

The Company obtained encouraging drill results from the Footwall Zone located near-surface to the south of the former pit. The Footwall Zone was initially discovered in late 2007 with hole DG-07-194 (16.97 g/t (uncut) or 6.10 g/t (cut) over 15 metres) and tested over a strike length of 600 metres with a 9,028 metre drilling program (37 holes) completed in the first quarter of 2009. Those results are expected to have a positive impact for both the pre-feasibility and feasibility study (approximately 75% of the holes from this program are in the pre-feasibility study). Additional drilling is planned for 2009 to further test the Footwall Zone.

Today's results include 24 holes showing continuity of the gold mineralization in the Footwall Zone of the Sunday Lake Deformation Zone (SLDZ), within and beyond the limit of the current US$700 pit shell (used for the mineral resource estimate of July 2008). Holes DG-09-655 and 658, on section 20,200E, intersected 2.95 g/t (uncut) or 2.53 g/t (cut) over 32.0 metres and 1.34 g/t over 39.0 metres, respectively. Another significant intersection included 5.82 g/t (uncut) or 2.18 g/t (cut) over 14.0 metres in hole DG-09-641 on section 20,320E.

Results from 10 holes (including one hole abandoned) infilling the centre of the deposit on a 40 metre by 40 metre spacing (from 18,840E to 19,160E, 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 most significant intervals included hole DG-09-656 with 1.69 g/t over 33.0 metres and 3.14 g/t over 17.0 metres and hole DG-09-652A with 4.01 g/t (uncut) or 2.57 g/t (cut) over 22.0 metres.

Significant mineralized (uncut) intervals encountered are shown below.

Footwall Zone            
DG-09-631   DG-09-641   DG-09-654    
7.28 g/t over 8.0 m   5.82 g/t over 14.0 m   25.30 g/t over 7.0 m    
             
DG-09-655   DG-09-658   DG-09-660    
2.95 g/t over 32.0 m   1.34 g/t over 39.0 m   5.33 g/t over 16.0 m    
             
Gap Zone            
DG-09-635   DG-09-644   DG-09-645   DG-09-652A
5.66 g/t over 23.0 m   8.78 g/t over 7.0 m   5.02 g/t over 12.0 m   4.25 g/t over 12.0 m
9.86 g/t over 9.0 m           4.01 g/t over 22.0 m
             
DG-09-656   DG-09-662        
1.69 g/t over 33.0 m   10.84 g/t over 7.0 m        
3.14 g/t over 17.0 m            
             
West Pit            
DG-09-618            
33.40 g/t over 10.5 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/s/LatestDrillResults.asp or on the home page "Explore Detour Lake".

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 both SGS Minerals Services in Sudbury and Don Mills, Ontario, Canada and assayed in their laboratory at Don Mills. Analysis for gold is done on sawn half core samples using fire assay (AA finish). Samples with higher grade gold (greater than 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.

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.

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-09-618 19,440E Hit drift at 147.5 m; hole abandoned.  
(West Pit)   24.0 46.5 22.5 0.88 0.88  
    137.0 147.5 10.5 33.40 3.10 Lower Pillow Flow
    Inc.  146.5 147.0 0.5 536.06 20.00  
    Inc.  147.0 147.5 0.5 140.04 20.00  
DG-09-618A 19,440E 16.5 27.0 10.5 0.86 0.86  
(West Pit)   62.0 75.0 13.0 0.96 0.96  
    93.0 108.0 15.0 0.95 0.95  
    159.0 185.0 26.0 1.42 1.18 Lower Pillow Flow
    Inc.  161.3 161.8 0.5 32.31 20.00  
    197.0 210.0 13.0 1.41 1.41  
    225.0 245.5 20.5 1.76 1.76 Contact Lower MF/PF
    288.0 295.0 7.0 6.76 1.49 Massive Flow
    Inc.  293.3 293.8 0.5 93.83 20.00  
    371.0 385.0 14.0 1.23 1.23  
DG-09-619 18,960E 141.0 150.0 9.0 3.75 3.69 Upper Pillow Flow
(Gap Zone)   Inc.  149.0 150.0 1.0 20.52 20.00  
    302.0 309.0 7.0 1.33 1.33  
    337.0 344.0 7.0 4.15 4.11 Lower Pillow Flow
    477.0 486.0 9.0 2.79 2.79 Contact Lower MF/PF
    498.0 521.0 23.0 0.88 0.88  
DG-09-631 20,160E 116.0 124.0 8.0 7.28 5.66 SLDZ
(West Pit)   Inc.  118.0 119.0 1.0 27.24 20.00  
    Inc.  119.0 120.0 1.0 25.72 20.00  
DG-09-632 20,080E 176.0 202.0 26.0 1.79 1.79 SLDZ
(West Pit)              
DG-09-634 20,360E 104.0 111.0 7.0 1.26 1.26  
(West Pit)   164.0 172.0 8.0 2.20 2.20  
DG-09-635 19,040E 23.0 38.0 15.0 0.74 0.74  
(Gap Zone)   203.0 210.0 7.0 1.15 1.15  
    436.0 443.0 7.0 5.01 3.71 Contact Lower PF/MF
    Inc.  440.0 441.0 1.0 29.12 20.00  
    488.0 495.0 7.0 1.29 1.29  
    519.0 542.0 23.0 5.66 4.00 Lower Pillow Flow
    Inc.  534.0 534.5 0.5 22.85 20.00  
    Inc.  535.0 535.5 0.5 29.90 20.00  
    Inc.  541.5 542.0 0.5 83.53 20.00  
    574.0 583.0 9.0 9.86 3.13 Lower Pillow Flow
    Inc.  574.0 574.5 0.5 141.14 20.00  
DG-09-636 20,440E 181.0 196.0 15.0 1.29 1.29  
(West Pit)   267.0 280.0 13.0 2.35 2.35 SLDZ
DG-09-637 20,400E 95.0 106.0 11.0 1.42 1.42  
(West Pit)   116.0 123.0 7.0 1.12 1.12  
DG-09-638 19,120E 47.0 56.0 9.0 1.39 1.39  
(Gap Zone)   120.0 130.0 10.0 0.86 0.86  
    167.0 176.0 9.0 1.32 1.32  
    199.0 207.0 8.0 0.95 0.95  
    279.0 291.0 12.0 1.49 1.49  
    342.0 371.0 29.0 1.24 1.24 Lower Pillow Flow
    379.0 392.0 13.0 0.96 0.96  
    452.0 459.0 7.0 1.17 1.17  
DG-09-639 20,400E 178.0 194.0 16.0 1.10 1.10  
(West Pit)              
DG-09-640 20,360E 186.0 193.0 7.0 7.10 3.46 SLDZ
(West Pit)   Inc.  189.0 190.0 1.0 45.45 20.00  
DG-09-641 20,320E 123.0 137.0 14.0 1.22 1.22  
(West Pit)   151.0 165.0 14.0 5.82 2.18 SLDZ
    Inc.  152.9 153.4 0.5 121.87 20.00  
DG-09-642 20,400E No Significant Results.  
(West Pit)      
DG-09-643 20,320E 224.0 231.0 7.0 1.13 1.13  
(West Pit)              
DG-09-644 19,160E 28.0 38.0 10.0 0.77 0.77  
(Gap Zone)   133.0 144.0 11.0 0.97 0.97  
    180.0 187.0 7.0 8.78 1.89 Lower Pillow Flow
    Inc.  181.5 182.0 0.5 116.48 20.00  
    219.0 228.0 9.0 4.75 4.75 Lower Pillow Flow
    241.0 252.0 11.0 1.82 1.82  
    260.0 270.0 10.0 1.71 1.30  
    Inc.  265.5 266.0 0.5 28.30 20.00  
    319.0 347.0 28.0 1.19 1.19 Lower Pillow Flow
    484.0 509.0 25.0 1.09 1.09 Contact Lower MF/PF
DG-09-645 19,040E 28.0 50.0 22.0 0.91 0.91  
(Gap Zone)   183.0 190.0 7.0 1.37 1.37  
    409.0 436.0 27.0 1.32 1.32 Lower Pillow Flow
    462.0 474.0 12.0 5.02 3.87 Lower Pillow Flow
    Inc.  472.4 473.2 0.5 47.70 20.00  
    589.0 616.0 27.0 0.82 0.82  
DG-09-646 20,320E 304.0 315.0 11.0 1.25 1.25  
(West Pit)              
DG-09-647 20,360E 328.0 352.0 24.0 1.47 1.47 SLDZ
(West Pit)              
DG-09-648 20,280E 238.0 245.0 7.0 1.23 1.23  
(West Pit)              
DG-09-649 20,360E 211.0 220.0 9.0 1.81 1.81  
(West Pit)   237.0 250.0 13.0 2.38 2.38 SLDZ
    289.0 296.0 7.0 1.50 1.50  
DG-09-650 19,080E 41.0 53.0 12.0 2.11 2.11 Contact Upper MF/PF
(Gap Zone)   63.0 77.0 14.0 0.81 0.81  
    109.0 163.0 54.0 0.78 0.78 Upper Pillow Flow
    237.0 244.0 7.0 1.02 1.02  
    400.0 407.0 7.0 1.61 1.61  
    415.0 432.0 17.0 0.83 0.83  
    451.0 467.0 16.0 1.10 1.10  
    490.0 504.0 14.0 0.81 0.81  
    525.0 538.0 13.0 2.19 2.19 Lower Massive Flow
    569.0 576.0 7.0 1.05 1.05  
DG-09-651 20,240E 317.0 326.0 9.0 1.11 1.11  
(West Pit)              
DG-09-652 19,040E Abandoned at 205 m. No Significant Results.  
(Gap Zone)      
DG-09-652A 19,040E 194.0 211.0 17.0 1.42 0.95  
(Gap Zone)   Inc.  210.5 211.0 0.5 36.20 20.00  
    236.0 243.0 7.0 1.23 1.23  
    288.0 314.5 26.5 1.66 1.57 Lower Pillow Flow
    Inc.  288.0 289.0 1.0 22.56 20.00  
    367.0 384.0 17.0 1.38 1.38  
    398.0 410.0 12.0 4.25 2.95 Lower Massive Flow
    Inc.  398.0 399.0 1.0 31.80 20.00  
    Inc.  399.0 399.5 0.5 27.66 20.00  
    490.0 512.0 22.0 4.01 2.57 Lower Massive Flow
    Inc.  493.5 494.0 0.5 32.67 20.00  
    Inc.  509.2 509.7 0.5 21.55 20.00  
    Inc.  509.7 510.2 0.5 56.00 20.00  
    Inc.  510.2 510.7 0.5 32.98 20.00  
DG-09-653 20,280E Abandoned at 10 m.  
(West Pit)      
DG-09-653A 20,280E No Significant Results.  
(West Pit)      
DG-09-654 20,280E 157.0 166.0 9.0 1.71 1.71  
(West Pit)   178.0 185.0 7.0 25.30 12.16 SLDZ
    Inc.  179.0 180.0 1.0 71.40 20.00  
    Inc.  180.0 181.0 1.0 44.70 20.00  
    Inc.  181.5 182.0 0.5 45.50 20.00  
    Inc.  182.0 183.0 1.0 23.10 20.00  
DG-09-655 20,200E 212.0 244.0 32.0 2.95 2.53 SLDZ
(West Pit)   Inc.  218.0 219.0 1.0 22.60 20.00  
    Inc.  233.0 234.0 1.0 30.90 20.00  
    291.0 298.0 7.0 2.02 2.02  
DG-09-656 18,840E 68.5 78.0 9.5 1.21 1.21  
(Gap Zone)   162.7 174.0 11.3 3.73 1.83 Upper Pillow Flow
    Inc.  162.7 163.2 0.5 62.92 20.00  
    311.0 320.0 9.0 0.91 0.91  
    357.0 390.0 33.0 1.69 1.69 Lower Pillow Flow
    434.0 441.0 7.0 3.67 1.70 Lower Pillow Flow
    Inc.  437.0 437.5 0.5 47.63 20.00  
    484.0 502.0 18.0 0.93 0.93  
    528.0 535.0 7.0 2.82 2.82  
    554.0 561.0 7.0 1.45 1.45  
    605.0 622.0 17.0 3.14 3.14 Lower Massive Flow
DG-09-657 20,000E 105.0 112.0 7.0 1.43 1.43  
(West Pit)   138.0 157.5 19.5 2.53 2.27 SLDZ
    Inc.  142.0 143.0 1.0 20.80 20.00  
    Inc.  143.7 144.2 0.5 28.90 20.00  
DG-09-658 20,200E 150.0 189.0 39.0 1.34 1.34 SLDZ
(West Pit)              
DG-09-659 19,920E 180.0 187.0 7.0 1.33 1.33  
(West Pit)              
DG-09-660 19,880E 252.0 268.0 16.0 5.33 3.81 SLDZ
(West Pit)   Inc.  254.0 255.0 1.0 25.80 20.00  
    Inc.  267.5 268.0 0.5 57.00 20.00  
DG-09-661 19,920E 179.0 187.0 8.0 1.90 1.90  
(West Pit)   210.0 230.0 20.0 1.50 1.50 SLDZ
DG-09-662 18,960E 36.0 44.0 8.0 1.19 1.19  
(Gap Zone)   86.0 93.0 7.0 2.47 2.47  
    238.0 256.0 18.0 0.91 0.91  
    355.0 362.0 7.0 3.26 3.26  
    430.0 437.0 7.0 10.84 2.51 Lower Pillow Flow
    Inc.  431.0 431.5 0.5 136.62 20.00  
    462.0 477.0 15.0 2.99 2.25 Lower Massive Flow
    Inc.  472.0 472.5 0.5 42.18 20.00  
    497.0 510.0 13.0 1.17 1.17  
    539.0 558.0 19.0 1.33 1.33 Lower Massive Flow
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, except for holes drilled to the north (i.e. sections 19,880E to 20,440E) where the true width is estimated at 60 to 65% of the drilled length.

Contact Information

  • Detour Gold Corporation
    Gerald Panneton
    President and CEO
    (416) 304-0800

    or

    Detour Gold Corporation
    Laurie Gaborit
    Director Investor Relations
    (416) 304-0581