Detour Gold Corporation
TSX : DGC

Detour Gold Corporation

November 12, 2008 08:30 ET

Detour Gold Reports Additional Drill Results From Phase II Program at Its 100% Owned Detour Lake Property in Ontario

(DG-08-392: 1.45 g/t / 50.0 m, 1.94 g/t / 36.0 m, and 1.52 g/t / 61.0 m in Calcite Zone)

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2008) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report assay results for an additional 35 holes totaling 15,281 metres from its Phase II infill drilling program at the Detour Lake project in northern Ontario. Results continue to indicate additional gold mineralization within and outside the US$700 pit shell (mineral resource reported in Press Release July 2, 2008), which should positively impact the final pit design (lower strip ratio) and resource base.

Thus far in 2008, the Company has completed 114,912 metres of drilling in 286 holes and 224,509 metres in 591 holes on the Detour Lake deposit since it acquired the project in early 2007. Results of the remaining 53,500 metres of drilling are expected to be finalized in the next four months.

Today's results from 12 holes in the core of the Calcite Zone are indicating additional gold mineralization within the US$700 pit shell. Of importance, wide intersections in the hanging wall were encountered in hole DG-08-392 with 1.45 g/t over 50.0 metres, 1.94 g/t over 36.0 metres and 1.52 g/t over 61.0 metres (cut and uncut values are the same for all three intervals).

Results from five holes infilling the centre of the deposit (between sections 18,700E and 19,280E) intersected significant gold mineralization. In particular, hole DG-08-382 intersected 1.51 g/t (uncut) or 1.24 g/t (cut) over 58.8 metres and DG-08-406 intersected 1.32 g/t over 44.0 metres and 3.59 g/t (uncut) or 1.81 g/t (cut) over 56.0 metres in the core of the mineralized corridor.

Results from 14 holes drilled at the eastern end of the deposit (east end of former open pit) between sections 20,000E and 20,520E encountered gold mineralization in the footwall rocks and the presence of numerous unmineralized mafic dykes and intrusives. The best result was obtained along the CMH (Chert Marker Horizon) in hole DG-08-411 with 3.29 g/t (uncut) or 1.12 g/t (cut) over 28.0 metres within the US$700 pit shell.

The best mineralized (uncut) intervals encountered are shown below.



Calcite Zone
------------
------------
DG-08-392 DG-08-403 DG-08-409 DG-08-416
--------- --------- --------- ---------
1.45 g/t over 1.45 g/t over 3.75 g/t over 5.01 g/t over
50.0 m 44.0 m 18.5 m 15.0 m
1.94 g/t over 7.51 g/t over 4.19 g/t over
36.0 m 7.8 m 25.0 m
1.52 g/t over 1.45 g/t over
61.0 m 37.0 m

DG-08-417 DG-08-419
--------- ---------
1.37 g/t over 2.50 g/t over
77.0 m 22.0 m

Gap Zone
--------
--------
DG-08-382 DG-08-401 DG-08-406 DG-08-413
--------- --------- --------- ---------
1.51 g/t over 5.39 g/t over 1.33 g/t over 2.47 g/t over
58.8 m 10.0 m 44.0 m 24.0 m
4.84 g/t over 3.59 g/t over 1.82 g/t over
20.0 m 56.0 m 30.0 m

West Pit
--------
--------
DG-08-411 DG-08-412
--------- ---------
3.29 g/t over 5.88 g/t over
28.0 m 11.0 m


Four holes drilled at the western end of the deposit on section 17,500E (approximately 250 metres outside of the US$700 pit shell) intersected gold mineralization ranging from 1.0 to 1.5 g/t over widths of approximately 10 metres. The deposit remains open to the west for at least another kilometre.

The Company is making good progress on its feasibility study, which is now targeted for completion at the end of the first quarter of 2009. The feasibility study contemplates having a starter pit with an initial capacity of processing 30,000 to 35,000 tpd and a potential expansion to 60,000 tpd. Pit optimization work underway has greatly improved the preliminary undiluted mining schedule previously released on August 19, 2008. Higher grade ore is expected to be mined in the early years of the operation by using a higher cut-off grade and the overall strip ratio is improving. Further improvements are anticipated once all drill results have been received and incorporated in the block model.

In October 2008, the Company started a 8,000 metre drilling program on a 20 metre by 20 metre grid in the eastern portion of the deposit. The drilling will closely infill an area of 80 metres along strike (19,420E to 19,500E) by 300 metre in width (north-south) to a depth of 160 metres. This program will further support the feasibility study since this portion of the deposit is scheduled to be mined in the first years of operation.

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 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 (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"). 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.



Detour Lake Project - Highlights of Drill Result

---------------------------------------------------------------------------
Hole No. Section From To Length Au Au Host Rock Unit
No. (m) (m) (m) Uncut Cut
(g/t) to 20
g/t
(g/t)
---------------------------------------------------------------------------
DG-08-381 17,500E No Significant Results
(Calcite Zone)
---------------------------------------------------------------------------
DG-08-382 18,700E 29.0 62.0 33.0 1.03 1.03 Lower Pillow
(Gap Zone) Flow
----------------------------------------------------
93.0 120.0 27.0 1.76 1.76 Lower Pillow
Flow
----------------------------------------------------
157.2 216.0 58.8 1.51 1.24 Lower Massive
Flow
----------------------------------------------------
Inc. 157.7 158.2 0.5 27.71 20.00
----------------------------------------------------
Inc. 182.1 182.6 0.5 44.83 20.00
----------------------------------------------------
228.0 239.0 11.0 0.71 0.71
---------------------------------------------------------------------------
DG-08-383 17,500E 69.0 81.0 12.0 0.94 0.94
(Calcite Zone) ----------------------------------------------------
91.0 98.5 7.5 1.41 1.41
---------------------------------------------------------------------------
DG-08-384 17,500E 47.0 61.0 14.0 1.01 1.01
(Calcite Zone) ----------------------------------------------------
79.0 91.0 12.0 1.00 1.00
----------------------------------------------------
102.0 109.0 7.0 1.48 1.48
----------------------------------------------------
144.0 155.0 11.0 0.75 0.75
----------------------------------------------------
207.0 217.0 10.0 1.18 1.18
----------------------------------------------------
283.0 290.0 7.0 1.26 1.26
----------------------------------------------------
322.0 329.0 7.0 1.59 1.59
----------------------------------------------------
441.0 460.4 19.4 1.41 1.41 Lower Massive
Flow
----------------------------------------------------
502.0 509.0 7.0 1.30 1.30
---------------------------------------------------------------------------
DG-08-386 20,480E 111.0 119.0 8.0 1.43 1.43
(West Pit) ----------------------------------------------------
196.0 205.0 9.0 2.57 2.57
---------------------------------------------------------------------------
DG-08-387 20,240E 308.0 320.0 12.0 2.16 2.16 SLDZ-talc
(West Pit) schist
---------------------------------------------------------------------------
DG-08-388 17,500E No Significant Results
(Calcite Zone)
---------------------------------------------------------------------------
DG-08-390 20,480E 310.0 317.0 7.0 2.49 2.49
(West Pit)
---------------------------------------------------------------------------
DG-08-392 18,140E 312.0 323.0 11.0 1.24 1.24
(Calcite Zone) ----------------------------------------------------
341.0 378.0 37.0 0.83 0.83 Upper Pillow
Flow
----------------------------------------------------
395.0 445.0 50.0 1.45 1.45 Upper Pillow
Flow
----------------------------------------------------
461.0 497.0 36.0 1.94 1.94 Lower Pillow
Flow
----------------------------------------------------
522.0 583.0 61.0 1.52 1.52 Lower Pillow
Flow
---------------------------------------------------------------------------
DG-08-393 18,540E 37.0 44.0 7.0 1.14 1.14
(Calcite Zone) ----------------------------------------------------
90.0 97.0 7.0 1.63 1.63
---------------------------------------------------------------------------
DG-08-394 20,200E No Significant Results
(West Pit)
---------------------------------------------------------------------------
DG-08-395 20,440E 31.0 44.0 13.0 0.89 0.89
(West Pit)
---------------------------------------------------------------------------
DG-08-398 20,400E 163.0 170.0 7.0 2.43 2.43
(West Pit) ----------------------------------------------------
203.0 213.0 10.0 1.03 1.03
---------------------------------------------------------------------------
DG-08-399 20,160E No Significant Results
(West Pit)
---------------------------------------------------------------------------
DG-08-401 19,200E 72.0 82.0 10.0 5.39 2.80 Lower Pillow
(Gap Zone) Flow
----------------------------------------------------
Inc. 72.5 73.0 0.5 71.89 20.00
----------------------------------------------------
147.0 167.0 20.0 4.84 1.26 Lower Pillow
Flow
----------------------------------------------------
Inc. 147.9 148.4 0.5 163.25 20.00
----------------------------------------------------
243.0 250.5 7.5 2.21 2.21
----------------------------------------------------
289.0 296.0 7.0 1.53 1.53
----------------------------------------------------
337.0 350.0 13.0 0.83 0.83
----------------------------------------------------
368.0 377.0 9.0 1.49 1.49
----------------------------------------------------
407.0 414.0 7.0 4.50 3.36 SLDZ-talc
schist
----------------------------------------------------
Inc. 412.0 413.0 1.0 27.96 20.00
---------------------------------------------------------------------------
DG-08-402 18,180E 54.0 70.0 16.0 0.72 0.72
(Calcite Zone) ----------------------------------------------------
106.0 115.0 9.0 2.20 2.20
----------------------------------------------------
129.0 139.0 10.0 1.42 1.42
----------------------------------------------------
176.0 200.0 24.0 1.35 1.35 Lower Pillow
Flow
----------------------------------------------------
341.0 349.0 8.0 1.23 1.23
----------------------------------------------------
383.0 390.0 7.0 1.39 1.39
---------------------------------------------------------------------------
DG-08-403 18,220E 298.0 311.0 13.0 0.73 0.73
(Calcite Zone) ----------------------------------------------------
322.0 344.0 22.0 1.11 1.11
----------------------------------------------------
369.0 413.0 44.0 1.45 1.45 Upper Massive
Flow
----------------------------------------------------
427.0 444.0 17.0 2.46 2.46 Lower Pillow
Flow
----------------------------------------------------
485.0 493.0 8.0 3.11 3.11
----------------------------------------------------
512.0 525.0 13.0 2.26 2.06 Lower Pillow
Flow
----------------------------------------------------
Inc. 512.0 513.0 1.0 22.60 20.00
----------------------------------------------------
554.0 575.0 21.0 1.87 1.87 Lower Massive
Flow
---------------------------------------------------------------------------
DG-08-404 18,140E 39.0 54.0 15.0 0.94 0.94
(Calcite Zone) ----------------------------------------------------
113.0 120.0 7.0 3.48 1.79
----------------------------------------------------
Inc. 117.5 118.0 0.5 43.73 20.00
----------------------------------------------------
147.0 161.0 14.0 0.82 0.82
----------------------------------------------------
197.0 208.0 11.0 2.45 2.45 Lower Pillow
Flow
----------------------------------------------------
223.0 230.0 7.0 1.20 1.20
----------------------------------------------------
442.0 450.0 8.0 0.93 0.93
---------------------------------------------------------------------------
DG-08-405 20,080E No Significant Results
(West Pit)
---------------------------------------------------------------------------
DG-08-406 19,200E 38.0 78.0 40.0 0.84 0.84 Lower Pillow
(Gap Zone) Flow
----------------------------------------------------
93.0 101.0 8.0 2.31 2.31
----------------------------------------------------
113.0 124.0 11.0 0.92 0.92
----------------------------------------------------
153.0 160.0 7.0 1.16 1.16
----------------------------------------------------
174.0 182.0 8.0 2.77 1.88
----------------------------------------------------
Inc. 181.0 181.5 0.5 34.33 20.00
----------------------------------------------------
196.0 240.0 44.0 1.33 1.32 Lower Pillow
Flow
----------------------------------------------------
Inc. 219.0 219.5 0.5 21.40 20.00
----------------------------------------------------
252.0 259.0 7.0 1.18 1.18
----------------------------------------------------
274.0 288.0 14.0 3.16 1.96 Lower Pillow
Flow
----------------------------------------------------
Inc. 287.0 288.0 1.0 36.85 20.00
----------------------------------------------------
345.0 401.0 56.0 3.59 1.81 Lower Pillow
Flow
----------------------------------------------------
Inc. 387.0 387.5 0.5 23.66 20.00
----------------------------------------------------
Inc. 387.5 388.0 0.5 200.68 20.00
----------------------------------------------------
Inc. 392.5 393.0 0.5 35.53 20.00
----------------------------------------------------
463.0 476.0 13.0 1.89 1.69
----------------------------------------------------
Inc. 465.0 465.5 0.5 25.37 20.00
---------------------------------------------------------------------------
DG-08-407 20,500E No Significant Results
(West Pit)
---------------------------------------------------------------------------
DG-08-408 18,180E 202.0 228.0 26.0 0.92 0.92
(Calcite Zone) ----------------------------------------------------
263.0 273.0 10.0 1.43 1.43
----------------------------------------------------
401.5 409.0 7.5 1.32 1.32
----------------------------------------------------
422.0 429.0 7.0 1.16 1.16
----------------------------------------------------
513.0 531.0 18.0 2.20 2.15 Lower MF/CMH
----------------------------------------------------
Inc. 515.0 515.5 0.5 21.70 20.00
---------------------------------------------------------------------------
DG-08-409 18,260E 72.5 91.0 18.5 3.75 2.79 Lower Pillow
(Calcite Zone) Flow
----------------------------------------------------
Inc. 74.0 74.5 0.5 29.00 20.00
----------------------------------------------------
Inc. 81.0 82.0 1.0 33.23 20.00
----------------------------------------------------
103.0 126.0 23.0 0.81 0.81
----------------------------------------------------
141.0 157.0 16.0 0.93 0.93
----------------------------------------------------
171.0 187.0 16.0 1.33 1.33
----------------------------------------------------
202.0 218.0 16.0 1.89 1.76 Lower Pillow
Flow
----------------------------------------------------
Inc. 202.0 203.0 1.0 22.02 20.00
----------------------------------------------------
278.2 286.0 7.8 7.51 1.65 Lower Mafic
Flow
----------------------------------------------------
Inc. 278.2 278.7 0.5 111.34 20.00
----------------------------------------------------
304.0 319.0 15.0 2.46 2.46 Lower Mafic
Flow
----------------------------------------------------
342.0 379.0 37.0 1.45 1.45 Lower Mafic
Flow
---------------------------------------------------------------------------
DG-08-410 20,520E 168.0 183.0 15.0 1.53 1.53
(West Pit)
---------------------------------------------------------------------------
DG-08-411 20,000E 260.0 288.0 28.0 3.29 1.12 CMH
(West Pit) ----------------------------------------------------
Inc. 271.6 272.2 0.6 121.56 20.00
----------------------------------------------------
397.0 404.0 7.0 1.90 1.90
---------------------------------------------------------------------------
DG-08-412 20,400E 131.0 139.0 8.0 0.96 0.96
(West Pit) ----------------------------------------------------
166.0 177.0 11.0 5.88 5.48 CMH
----------------------------------------------------
Inc. 171.0 172.0 1.0 24.35 20.00
---------------------------------------------------------------------------
DG-08-413 19,000E 33.0 57.0 24.0 2.47 2.30 Upper Massive
(Gap Zone) Flow
----------------------------------------------------
Inc. 46.5 47.0 0.5 26.46 20.00
----------------------------------------------------
Inc. 48.5 49.0 0.5 21.58 20.00
----------------------------------------------------
387.0 393.0 6.0 1.66 1.66
----------------------------------------------------
405.0 426.0 21.0 2.16 2.10 Lower Pillow
Flow
----------------------------------------------------
Inc. 423.5 424.0 0.5 22.25 20.00
----------------------------------------------------
457.0 487.0 30.0 1.82 1.82 Lower Massive
Flow
----------------------------------------------------
513.0 526.0 13.0 3.62 3.46 Lower Massive
Flow
----------------------------------------------------
Inc. 517.0 518.0 1.0 22.10 20.00
----------------------------------------------------
560.0 567.0 7.0 1.27 1.27
---------------------------------------------------------------------------
DG-08-414 18,260E 67.0 77.0 10.0 0.84 0.84
(Calcite Zone) ----------------------------------------------------
107.0 121.0 14.0 0.88 0.88
----------------------------------------------------
158.0 170.0 12.0 1.03 1.03
----------------------------------------------------
221.0 228.0 7.0 1.87 1.87
---------------------------------------------------------------------------
DG-08-415 20,040E 327.0 337.0 10.0 2.16 2.16
(West Pit) ----------------------------------------------------
373.0 385.0 12.0 3.37 3.23 SLDZ-talc
schist
----------------------------------------------------
Inc. 379.3 379.8 0.5 23.29 20.00
---------------------------------------------------------------------------
DG-08-416 18,220E 213.0 220.0 7.0 1.34 1.34
(Calcite Zone) ----------------------------------------------------
286.0 294.0 8.0 2.53 2.53
----------------------------------------------------
318.0 333.0 15.0 5.01 2.71 Massive Flow
----------------------------------------------------
Inc. 332.0 333.0 1.0 54.46 20.00
----------------------------------------------------
356.0 364.0 8.0 5.20 5.20 Lower Pillow
Flow
----------------------------------------------------
379.0 388.0 9.0 0.82 0.82
----------------------------------------------------
414.0 439.0 25.0 4.19 2.58 Lower Pillow
Flow
----------------------------------------------------
Inc. 414.0 415.0 1.0 20.00 20.00
----------------------------------------------------
Inc. 430.0 430.5 0.5 100.31 20.00
----------------------------------------------------
472.0 479.0 7.0 2.23 2.23
----------------------------------------------------
524.0 541.0 17.0 1.51 1.48 Lower Pillow
Flow
----------------------------------------------------
Inc. 531.0 532.0 1.0 20.52 20.00
---------------------------------------------------------------------------
DG-08-417 18,260E 88.0 95.0 7.0 2.61 2.61
(Calcite Zone) ----------------------------------------------------
130.0 139.0 9.0 2.44 2.44
----------------------------------------------------
207.0 284.0 77.0 1.37 1.24 Lower Pillow
Flow
----------------------------------------------------
Inc. 264.0 265.0 1.0 29.64 20.00
----------------------------------------------------
371.0 380.0 9.0 1.31 1.31
----------------------------------------------------
489.0 501.0 12.0 0.66 0.66
----------------------------------------------------
515.0 539.0 24.0 1.53 1.53 Mafic Flow/CMH
---------------------------------------------------------------------------
DG-08-418 20,360E 58.0 65.0 7.0 6.36 2.91 Gabbro
(West Pit) ----------------------------------------------------
Inc. 62.0 63.0 1.0 44.16 20.00
----------------------------------------------------
137.0 144.0 7.0 1.55 1.55
----------------------------------------------------
160.0 170.0 10.0 1.10 1.10
----------------------------------------------------
284.0 291.0 7.0 6.23 5.07 SLDZ-
greenstone
----------------------------------------------------
Inc. 287.0 288.0 1.0 28.11 20.00
---------------------------------------------------------------------------
DG-08-419 18,220E 42.0 64.0 22.0 2.50 2.22 Lower Pillow
(Calcite Zone) Flow
----------------------------------------------------
Inc. 42.0 43.0 1.0 26.10 20.00
---------------------------------------------------------------------------
DG-08-420 18,380E 58.0 74.5 16.50 1.74 1.45 Lower Mafic
(Calcite Zone) Flow
----------------------------------------------------
Inc. 58.7 59.2 0.5 24.59 20.00
----------------------------------------------------
Inc. 65.0 65.5 0.5 25.26 20.00
----------------------------------------------------
97.0 105.0 8.0 1.71 1.71
---------------------------------------------------------------------------
DG-08-440 19,280E 35.0 45.0 10.0 1.48 1.48
(West Pit) ----------------------------------------------------
161.0 173.0 12.0 0.63 0.63
----------------------------------------------------
244.0 271.0 27.0 1.12 1.12 CNH
---------------------------------------------------------------------------

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.


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