Detour Gold Corporation
TSX : DGC

Detour Gold Corporation

June 02, 2009 18:25 ET

Detour Gold Reports Additional Drill Results From Its 100% Owned Detour Lake Property in Ontario

(17.67 g/t/ 28.0 m and 3.55 g/t/ 36.0 m in Gap Zone; 3.54 g/t/ 28.0 m in West Pit)

TORONTO, ONTARIO--(Marketwire - June 3, 2009) - 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 17.67 g/t over 3.26 g/t over 2.45 g/t over
24.0 m 28.0 m 17.0 m 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 2.49 g/t over 3.55 g/t over
13.0 m 24.0 m 36.0 m

West Pit
--------------
--------------
DG-08-565 DG-09-625
----------------------------
7.58 g/t over 1.43 g/t over
7.0 m 39.0 m
3.54 g/t over 1.62 g/t over
28.0 m 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/s/LatestDrillResults.asp 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 (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.

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 From To Length Au Au Host
No. (m) (m) (m) Uncut Cut to Rock
(g/t) 20 g/t Unit
(g/t)
---------------------------------------------------------------------------
DG-08-565 19,680E 334.0 341.0 7.0 7.58 3.64 Lower
(West Pit) Massive
Flow
--------------------------------------------------------
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
(Gap Zone) Pillow
Flow
--------------------------------------------------------
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
(Gap Zone) Pillow
Flow
--------------------------------------------------------
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
(Gap Zone) Massive
Flow
--------------------------------------------------------
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
(Gap Zone) drift at 430 m.
---------------------------------------------------------------------------
DG-09-621B 19,040E Abandoned wedge (297-330 m). Not sampled and
(Gap Zone) too shallow.
---------------------------------------------------------------------------
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.
---------------------------------------------------------------------------
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.

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
    www.detourgold.com