Detour Gold Corporation
TSX : DGC

Detour Gold Corporation

November 09, 2010 08:30 ET

Detour Gold Reports More Results from its 2010 Drilling Program at Detour Lake Project in Ontario

Gold Mineralization Extending West of Current Pit (2.80 g/t / 57 m & 2.93 g/t / 38 m West of Calcite Zone)

TORONTO, ONTARIO--(Marketwire - Nov. 9, 2010) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports assay results for an additional 25 holes totaling 14,665 metres (including three holes abandoned for 380 metres) from its 2010 drilling campaign at the Detour Lake gold project in northern Ontario. Approximately 3,500 metres remain to be completed from the 105,000 metres drilling program. The 2010 program covered the western extension of the Detour Lake open pit deposit between section 17,460E and 18,000E on a 40 X 40 metre drill spacing. To date, the Company has released assay results of 129 holes totaling 64,714 metres.

Drill results to date from the 2010 drilling campaign indicate that significant gold mineralization has been encountered west of the current US$850/oz pit shell to have a positive impact on the upcoming mineral reserve update expected in early 2011.

All 25 drill holes were completed between sections 17,620E and 17,740E, west of the Calcite Zone, outside of the feasibility study open pit. Significant gold mineralization is present along a 400 metre wide zone north of the contact with the Sunday Lake Deformation Zone ("SLDZ"). The gold mineralization is found within a folded sequence of pillow and massive flows that represent the extension of Domains 2 and 3 (containing over 50% of the current measured and indicated resources). Of significance, on section 17,700E, hole DG-10-931 intersected 2.80 g/t (uncut) or 1.85 g/t over 57.0 metres, and hole DG-10-928 intersected 3.29 g/t (uncut) or 2.44 g/t (cut), 2.26 g/t (uncut) or 1.44 g/t (cut) over 45.2 metres, and 4.05 g/t (uncut) or 1.77 g/t (cut) over 34.2 metres. Results from the 12 holes drilled on section 17,660E showed the continuity of the gold mineralization from surface to approximately 500 metres. The best intercepts include: 1.79 g/t (uncut) or 1.72 g/t (cut) over 30.4 metres in hole DG-10-938, 12.02 g/t (uncut) or 4.46 g/t (cut) over 18.0 metres in hole DG-10-942, 1.62 g/t over 31.0 metres in hole DG-10-946, and 4.51 g/t (uncut) or 2.39 g/t (cut) over 27.0 metres in hole DG-10-947A. Hole DG-10-932 on section 17,740E intersected 2.14 g/t (uncut) or 1.52 g/t (cut) over 57 metres.

On all sections, significant gold mineralization was encountered at the contact between the massive flow and the SLDZ (or in the immediate hanging wall): 2.93 g/t (uncut) or 2.68 g/t (cut) over 38.0 metres in hole DG-10-948A, 4.51 g/t (uncut) or 2.39 g/t (cut) over 27.0 metres and 2.46 g/t over 23.0 metres in hole DG-10-947A, and 3.31 g/t (uncut) or 2.49 g/t (cut) over 32.0 metres in hole DG-10-930A.

Significant gold mineralized (uncut) intervals encountered are shown below.

Calcite Zone West          
DG-10-928   DG-10-929   DG-10-930A   DG-10-931
3.29 g/t over 29.0 m   11.47 g/t over 7.0 m   3.31 g/t over 32.0 m   2.80 g/t over 57.0 m
2.26 g/t over 45.2 m   6.43 g/t over 11.0 m       9.48 g/t over 11.0 m
4.05 g/t over 34.2 m            
             
DG-10-932   DG-10-934   DG-10-936   DG-10-937
4.78 g/t over 10.5 m   1.95 g/t over 35.4 m   7.34 g/t over 11.0 m   2.85 g/t over 18.0 m
15.11 g/t over 7.0 m            
2.14 g/t over 57.0 m            
             
DG-10-938   DG-10-939   DG-10-942   DG-10-944
1.79 g/t over 30.4 m   5.08 g/t over 11.7 m   12.02 g/t over 18.0 m   8.87 g/t over 7.0 m
             
DG10-946   DG10-947A   DG10-948A    
1.62 g/t over 31.0 m   4.51 g/t over 27.0 m   3.97 g/t over 21.0 m    
    2.46 g/t over 23.0 m   2.93 g/t over 38.0 m    

Complete tables of results, surface and longitudinal plans and cross-sections for the Detour Lake deposit are posted on the Company's website on the home page "Explore Detour Lake" or http://www.detourgold.com/PROJECTS/Detour-Lake/Explore-Detour-Lake/default.aspx

Detour Gold's delineation program is being managed by its Exploration Manager, Mr. Roger Aubertin, 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 at the Don Mills location. 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 news release dated April 11, 2007.

Forward-Looking Information

This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results having a positive impact on an updated mineral resources and reserves statement expected for early 2011. 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 2009 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 gold project; the supply and demand for, and the level and volatility of the price of, gold; the results of the feasibility study and the assumptions on which the feasibility study is based; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; market competition; ongoing relations with employees and impacted 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-10-928 17,700E 218.0 244.0 26.0 1.47 1.33 Upper Massive Flow
(Calcite Zone)   Inc. 223.0 223.5 0.5 27.34 20.00  
    276.0 305.0 29.0 3.29 2.44 Upper Massive Flow
    Inc. 276.0 277.0 1.0 40.40 20.00  
    Inc. 284.0 285.0 1.0 24.00 20.00  
    320.0 327.0 7.0 2.55 2.55  
    381.0 403.0 22.0 1.41 1.41 Upper Pillow Flow
    485.0 530.2 45.2 2.26 1.44 Contact MF/PF
    Inc. 486.3 486.8 0.5 20.40 20.00  
    Inc. 501.4 501.9 0.5 93.50 20.00  
    565.8 600.0 34.2 4.05 1.77 Lower Pillow Flow
    Inc. 566.3 566.8 0.5 176.12 20.00  
DG-10-929 17,740E 243.0 251.0 8.0 1.08 1.08  
(Calcite Zone)   260.0 268.0 8.0 0.98 0.98  
    351.0 358.0 7.0 11.47 3.04 Upper Pillow Flow
    Inc. 354.0 354.5 0.5 138.03 20.00  
    446.0 470.0 24.0 1.42 1.16 Upper Massive Flow
    Inc. 459.0 459.5 0.5 32.80 20.00  
    560.0 571.0 11.0 6.43 1.47 Lower Pillow Flow
    Inc. 567.5 568.0 0.5 129.21 20.00  
    584.0 591.0 7.0 3.24 3.04  
    Inc. 589.0 590.0 1.0 21.40 20.00  
DG-10-930 17,740E 36.0 44.0 8.0 2.44 2.44  
(Calcite Zone)              
DG-10-930A 17,740E 190.0 200.0 10.0 3.64 2.86 Upper Pillow Flow
(Calcite Zone)   Inc. 192.0 192.9 0.9 28.70 20.00  
    220.0 227.0 7.0 1.13 1.13  
    242.0 256.7 14.7 2.28 2.04 Upper Massive Flow
    Inc. 245.5 246.0 0.5 26.90 20.00  
    Inc. 255.6 256.1 0.5 20.16 20.00  
    293.0 307.0 14.0 0.76 0.76  
    319.6 327.1 7.5 2.88 2.88  
    336.0 366.0 30.0 0.85 0.85 Lower Massive Flow
    527.5 535.0 7.5 3.89 2.97 Lower Massive Flow
    Inc. 528.1 529.0 0.9 27.70 20.00  
    626.0 658.0 32.0 3.31 2.49 Contact MF/CMH
    Inc. 657.0 658.0 1.0 46.40 20.00  
DG-10-931 17,700E 111.0 118.0 7.0 1.42 1.42  
(Calcite Zone)   159.0 168.0 9.0 1.61 1.61  
    225.0 282.0 57.0 2.80 1.85 Contact MF/PF
    Inc. 266.7 267.2 0.5 38.05 20.00  
    Inc. 267.7 268.2 0.5 46.48 20.00  
    Inc. 275.6 276.1 0.5 58.37 20.00  
    Inc. 276.1 276.6 0.5 44.71 20.00  
    324.0 336.0 12.0 1.15 1.15  
    392.0 400.0 8.0 3.96 1.77 Lower Pillow Flow
    Inc. 399.5 400.0 0.5 55.00 20.00  
    535.5 543.0 7.5 1.57 1.57  
    552.0 563.0 11.0 9.48 2.30 Lower Massive Flow
    Inc. 562.0 563.0 1.0 99.00 20.00  
    653.5 672.0 18.5 1.13 20.89  
DG-10-932 17,740E 219.5 230.0 10.5 4.78 3.79 Upper Massive Flow
(Calcite Zone)   Inc. 219.5 220.0 0.5 27.33 20.00  
    Inc. 220.0 220.5 0.5 30.21 20.00  
    Inc. 220.5 221.0 0.5 23.22 20.00  
    304.0 311.0 7.0 15.11 2.16 Upper Pillow Flow
    Inc. 305.6 306.2 0.6 171.00 20.00  
    319.3 329.0 9.7 1.20 1.20  
    351.0 358.0 7.0 1.92 1.92  
    386.0 406.0 20.0 1.67 1.67 Upper Pillow Flow
    558.0 566.0 8.0 2.26 2.26  
    580.0 637.0 57.0 2.14 1.52 Lower Pillow Flow
    Inc. 591.0 592.0 1.0 55.40 20.00  
    643.0 652.0 9.0 1.07 1.07  
    671.5 692.0 20.5 1.08 1.08  
    711.0 718.0 7.0 2.95 1.45  
    Inc. 713.0 713.5 0.5 41.01 20.00  
    737.0 744.0 7.0 1.14 1.14  
DG-10-933 17,660E 38.0 45.0 7.0 1.58 1.58  
(Calcite Zone)   118.0 125.5 7.5 2.08 2.08  
    245.0 253.0 8.0 1.53 1.53  
    284.0 291.0 7.0 2.54 2.54  
    309.0 317.0 8.0 1.72 1.72  
    339.8 364.0 24.2 2.00 2.00 Contact MF/PF
    408.0 415.0 7.0 2.10 2.10  
    670.5 704.0 33.50 1.33 1.33 Contact MF/CMH
DG-10-934 17,740E 234.0 265.0 31.0 0.93 0.93 Upper Pillow Flow
    325.0 360.0 35.0 1.18 1.18 Contact MF/PF
    367.0 374.0 7.0 3.27 3.27  
    396.0 403.0 7.0 1.14 1.14  
    502.0 509.0 7.0 1.38 1.38  
    658.0 693.4 35.4 1.95 1.42 Contact MF/CMH
    Inc. 681.7 682.2 0.5 57.70 20.00  
DG-10-935 17,660E 90.0 97.0 7.0 1.22 1.22  
(Calcite Zone)   127.0 137.0 10.0 1.18 1.18  
    352.0 372.0 20.0 1.34 1.34 Lower Massive Flow
DG-10-936 17,660E 54.0 89.0 35.0 1.14 1.14 Upper Pillow Flow
(Calcite Zone)   117.0 125.0 8.0 1.27 1.27  
    136.0 147.0 11.0 7.34 2.55 Contact MF/PF
    Inc. 145.0 146.0 1.0 72.60 20.00  
    215.0 222.0 7.0 1.30 1.30  
    382.0 391.0 9.0 2.08 2.08  
DG-10-937 17,620E 60.0 78.0 18.0 2.85 2.33 Contact PF/MF
(Calcite Zone)   Inc. 69.0 69.5 0.5 38.60 20.00  
DG-10-938 17,660E 101.0 126.0 25.0 1.67 1.59 Upper Pillow Flow
(Calcite Zone)   Inc. 101.0 101.5 0.5 24.01 20.00  
    204.1 232.0 27.9 1.01 1.01 Contact MF/PF
    281.0 288.5 7.5 1.01 1.01  
    299.7 316.0 16.30 1.17 1.17  
    325.0 338.0 13.0 0.84 0.84  
    345.0 353.5 8.5 1.87 1.87  
    361.5 391.9 30.40 1.79 1.72 Lower Pillow Flow
    Inc. 361.5 362.0 0.5 24.70 20.00  
    402.0 409.5 7.5 1.25 1.25  
DG-10-939 17,620E 96.0 103.0 7.0 4.85 3.89 Upper Pillow Flow
(Calcite Zone)   Inc. 100.9 101.5 0.6 31.30 20.00  
    142.0 157.0 15.0 0.73 0.73  
    188.5 196.0 7.5 1.06 1.06  
    224.0 243.0 19.0 0.72 0.72  
    257.0 268.0 11.0 1.61 1.61  
    278.0 289.7 11.7 5.08 1.95 Upper Massive Flow
    Inc. 285.7 286.2 0.5 55.10 20.00  
    Inc. 289.2 289.7 0.5 58.27 20.00  
    552.0 559.0 7.0 1.45 1.45  
    580.0 587.0 7.0 2.47 1.45  
    Inc. 586.5 587.0 0.5 34.30 20.00  
    604.0 615.0 11.0 2.68 2.38 Lower Massive Flow
    Inc. 604.5 605.0 0.5 26.50 20.00  
    624.0 641.0 17.0 1.81 1.81 Lower Massive Flow
    658.0 676.0 18.0 1.32 1.32  
DG-10-940 17,660E 109.0 117.0 8.0 1.48 1.48  
(Calcite Zone)   184.0 191.0 7.0 4.16 3.31 Lower Pillow Flow
    Inc. 190.0 191.0 1.0 25.90 20.00  
    234.0 241.0 7.0 1.50 1.50  
    428.0 435.0 7.0 1.30 1.30  
    451.0 459.0 8.0 4.14 2.66 Lower Massive Flow
    Inc. 456.7 457.2 0.5 43.70 20.00  
DG-10-941 17,620E 93.0 107.0 14.0 1.27 1.27  
(Calcite Zone)   152.0 178.0 26.0 1.11 1.11 Upper Massive Flow
    231.5 239.0 7.5 1.10 1.10  
DG-10-942 17,660E 63.0 79.0 16.0 1.50 1.50  
(Calcite Zone)   96.0 103.0 7.0 1.88 1.88  
    132.6 156.0 23.4 0.91 0.91  
    220.0 236.3 16.3 1.20 1.20  
    267.0 274.0 7.0 1.15 1.15  
    286.0 304.0 18.0 12.02 4.46 Lower Massive Flow
    Inc. 298.0 298.5 0.5 102.26 20.00  
    Inc. 300.0 301.0 1.0 115.00 20.00  
    503.0 513.0 10.0 1.19 1.19  
DG-10-943 17,660E 223.2 235.0 11.8 2.48 2.26 Upper Pillow Flow
(Calcite Zone)   Inc. 234.0 235.0 1.0 22.60 20.00  
    332.2 349.1 16.9 1.88 1.88 Upper Pillow Flow
    357.0 369.5 12.5 1.72 1.72  
    426.0 433.0 7.0 2.32 2.32  
    521.0 528.0 7.0 3.00 1.83  
    Inc. 521.0 521.5 0.5 36.30 20.00  
    643.0 659.0 16.0 0.90 0.90  
DG-10-944 17,620E 23.0 35.0 12.0 1.05 1.05  
(Calcite Zone)   301.6 317.0 15.4 1.61 1.61  
    346.0 354.5 8.5 1.65 1.65  
    392.0 400.0 8.0 0.98 0.98  
    638.9 647.8 8.9 1.85 1.85  
    682.0 689.0 7.0 8.87 3.13 Lower Massive Flow
    Inc. 683.0 684.0 1.0 60.20 20.00  
DG-10-945 17,660E 137.0 154.5 17.5 1.71 1.71 Upper Massive Flow
(Calcite Zone)   171.0 180.0 9.0 1.10 1.10  
    223.0 234.0 11.0 2.40 2.40 Upper Massive Flow
    320.0 329.9 9.9 0.77 0.77  
    354.0 363.0 9.0 1.62 1.62  
    539.0 548.0 9.0 3.52 2.63 Lower Massive Flow
    Inc. 546.0 547.0 1.0 28.0 20.00  
    564.0 588.6 24.6 1.35 1.35 Contact MF/CMH
DG-10-946 17,660E 265.0 274.0 9.0 1.77 1.77  
(Calcite Zone)   291.0 299.0 8.0 1.52 1.52  
    347.0 378.0 31.0 1.62 1.62 Upper Pillow Flow
    437.0 447.0 10.0 3.74 3.44 Contact MF/PF
    Inc. 444.0 445.0 1.0 23.00 20.00  
    654.0 661.0 7.0 2.85 2.85  
DG-10-947 17,660E 153.0 160.0 7.0 2.77 2.77  
(Calcite Zone)              
DG-10-947A 17,660E 69.3 77.0 7.7 1.94 1.94  
(Calcite Zone)   115.0 124.0 9.0 0.83 0.83  
    219.0 237.5 18.5 0.99 0.99  
    591.0 618.0 27.0 4.51 2.39 Lower Massive Flow
    Inc. 591.0 592.0 1.0 69.30 20.00  
    Inc. 608.1 608.6 0.5 22.10 20.00  
    Inc. 610.3 611.0 0.7 30.00 20.00  
    640.0 663.0 23.0 2.46 2.46 Contact MF/SLDZ
DG-10-948 17,620E 97.9 105.0 7.1 1.34 1.34  
(Calcite Zone)              
DG-10-948A 17,620E 43.0 50.0 7.0 1.43 1.43  
(Calcite Zone)   86.0 92.8 6.8 1.03 1.03  
    100.7 110.2 9.5 1.54 1.54  
    123.0 139.0 16.0 1.17 1.17  
    162.0 182.5 20.5 1.04 1.04  
    246.0 256.0 10.0 2.92 2.77 Lower Pillow Flow
    Inc. 246.0 247.0 1.0 21.50 20.00  
    319.0 328.0 9.0 4.73 1.51 Lower Massive Flow
    Inc. 327.0 327.5 0.5 77.92 20.00  
    520.0 541.0 21.0 3.97 2.50 Lower Massive Flow
    Inc. 530.0 531.0 1.0 23.70 20.00  
    Inc. 539.0 539.5 0.5 49.60 20.00  
    Inc. 539.5 540.0 0.5 44.70 20.00  
    552.0 590.0 38.0 2.93 2.68 Contact MF/CMH
    Inc. 560.0 560.5 0.5 22.82 20.00  
    Inc. 588.0 589.0 1.0 28.40 20.00  
DG-10-949 17,660E 28.0 35.0 7.0 1.69 1.69  
(Calcite Zone)   243.5 255.0 11.5 1.09 1.09  
    304.0 319.0 15.0 1.23 1.23  
    345.0 352.0 7.0 1.57 1.57  
    379.0 405.0 26.0 1.52 1.52 Lower Pillow Flow
    519.0 526.0 7.0 2.04 2.04  
    576.0 604.0 28.0 1.19 1.19 Contact PF/MF
    713.0 720.0 7.0 1.35 1.35  
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
    or
    Detour Gold Corporation
    Royal Bank Plaza, South Tower,
    200 Bay Street, Suite 2200,
    Toronto, Ontario
    M5J 2J1