Detour Gold Corporation
TSX : DGC

Detour Gold Corporation

June 10, 2008 17:13 ET

Detour Gold Reports Wide Gold Intersections in the Calcite Zone of Its Detour Lake Project in Northern Ontario (1.85 g/t Over 113.5 Metres and 1.37 g/t Over 71 Metres)

TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report the drill results of 27 holes from the Calcite and Gap Zones of its Phase II drilling program at the Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 302 holes totaling 119,002 metres (including 19 holes abandoned for 1,624 metres). The Company has now reported 187 holes totaling 68,428 metres (including 15 holes abandoned for 1,290 metres). There are four (4) active drill rigs on site.

Detour Gold has been very successful in drilling the Calcite Zone, which will have a positive impact on the upcoming resource update. Results from 22 holes in the Calcite Zone are indicating additional gold mineralization outside the US$575 pit shell and within the US$700 pit shell. Of importance, near-surface mineralization was encountered in holes DG-07-267 with 1.83 g/t (cut) over 113.5 metres and DG-07-265 with 1.37 g/t (cut) over 71 metres. Several significant mineralized zones were intersected at the contact of the SLDZ and massive flow below the US$700 pit shell (DG-08-309 on section 17,900E and DG-07-251 on section 18,220E).

Gold mineralization was encountered in all five (5) holes drilled in the Gap Zone. Of importance, hole DG-08-301 intersected 0.93 g/t over 70.0 metres near-surface at approximately 400 metres northward in the hanging wall and DG-08-294, located 40 metres to the east, intersected the same zone with 1.05 g/t over 47.0 metres.

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



Calcite Zone
----------------------------------------------------------------------
DG-07-251 DG-07-265 DG-07-267 DG-07-271
--------- --------- --------- ---------
1.38 g/t over 1.37 g/t over 1.85 g/t over 1.15 g/t over
47.0 m 71.0 m 113.5 m 28.0 m
1.30 g/t over 4.57 g/t over 1.76 g/t over
26.0 m 7.0 m 31.0 m
1.64 g/t over
26.0 m
DG-07-275 DG-07-276 DG-07-281 DG-07-282
--------- --------- --------- ---------
1.68 g/t over 2.67 g/t over 7.01 g/t over 12.29 g/t over
45.0 m 29.0 m 16.0 m 7.0 m
2.35 g/t over 1.45 g/t over
15.0 m 27.0 m
DG-08-295 DG-08-303
--------- ---------
3.29 g/t over 5.85 g/t over
21.5 m 10.0 m

Gap Zone
----------------------------------------------------------------------
DG-08-294 DG-08-299 DG-08-301 DG-08-307
--------- --------- --------- ---------
1.05 g/t over 7.36 g/t over 0.93 g/t over 3.40 g/t over
47.0 m 10.0 m 70.0 m 17.0 m
5.34 g/t over 2.06 g/t over 1.03 g/t over 2.37 g/t over
11.0 m 20.0 m 33.0 m 25.0 m
4.11 g/t over
10.0 m


The Company is extremely confident in meeting its objectives of outlining a mineral resource of over 10 million ounces of gold at Detour Lake. The Company expects to release its mineral resource update on July 2 at 5:00 PM ET followed by a conference call on July 3 at 10:00 AM ET. The base case will be using a gold price of US$700 per ounce (equivalent to 0.5 g/t cut-off grade) and a US$ exchange rate of 1.10. The resource update will be based on a fully designed and engineered open pit based on a 30,000 tpd operation for the first few years and increasing to 60,000 tpd thereafter. This scenario will serve as the basis of our 2008 feasibility study to be completed by year-end.

The Phase II drill program (135,000 metres) is expected to be completed by mid-2008. Approximately half of that program, along with Phase I, will be included in the new resource update. The Company will be planning a Phase III drill program in the coming months to complete the feasibility study and further test the western extension of the Detour Lake deposit.

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. Details on the current mineral resource are available in the January 2008 Technical Report, which is posted on the Company's website or on SEDAR (www.sedar.com).

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.



Detour Lake Project - Highlights of Drill Results

----------------------------------------------------------------------------
Au
Cut
Au to 20
Section From To Length Uncut g/t
Hole No. No. (m) (m) (m) (g/t) (g/t) Host Rock Unit
----------------------------------------------------------------------------
DG-07-246 18,340E 80.0 88.0 8.0 0.85 0.85
-----------------------------------------------------
(Calcite Zone) 207.0 217.0 10.0 1.26 1.26
-----------------------------------------------------
Lower Pillow
251.0 269.0 18.0 2.41 2.41 Flow
-----------------------------------------------------
295.0 317.0 22.0 0.79 0.79
----------------------------------------------------------------------------
Upper Pillow
DG-07-251 18,220E 159.0 185.0 26.0 1.30 1.30 Flow
(Calcite Zone) 234.0 241.0 7.0 2.18 2.18
271.0 281.0 10.0 1.52 1.52
568.0 615.0 47.0 1.41 1.41 Lower MF/CMH
----------------------------------------------------------------------------
DG-07-255 18,140E 215.0 234.0 19.0 1.16 1.16
-----------------------------------------------------
Lower Pillow
(Calcite Zone) 325.0 346.0 21.0 2.03 2.03 Flow
-----------------------------------------------------
400.0 410.0 10.0 2.30 2.11
-----------------------------------------------------
Inc. 407.0 408.0 1.0 21.85 20.00
----------------------------------------------------------------------------
Lower Pillow
DG-07-265 18,500E 77.0 148.0 71.0 1.37 1.37 Lines
-----------------------------------------------------
(Calcite Zone) 174.0 184.0 10.0 0.88 0.88
-----------------------------------------------------
241.0 248.0 7.0 2.56 2.56
-----------------------------------------------------
312.0 319.0 7.0 1.45 1.45
----------------------------------------------------------------------------
Lower PF/
DG-07-267 18,580E 55.5 169.0 113.5 1.85 1.83 Upper MF
-----------------------------------------------------
(Calcite Zone) Inc. 76.0 77.0 1.0 22.20 20.00
-----------------------------------------------------
Lower Massive
309.0 316.0 7.0 4.57 2.13 Flow
-----------------------------------------------------
Inc. 310.0 310.5 0.5 54.06 20.00
-----------------------------------------------------
332.0 343.0 11.0 1.73 1.73
-----------------------------------------------------
357.0 365.0 8.0 2.21 2.21
-----------------------------------------------------
381.0 391.0 10.0 1.25 1.25
----------------------------------------------------------------------------
Upper Pillow
DG-07-271 18,460E 163.0 191.0 28.0 1.15 1.15 Flow
-----------------------------------------------------
(Calcite Zone) 280.0 294.0 14.0 1.71 1.71
-----------------------------------------------------
Lower Pillow
318.0 349.0 31.0 1.76 1.76 Flow
-----------------------------------------------------
Lower Massive
409.0 435.0 26.0 1.64 1.03 Flow
-----------------------------------------------------
Inc. 432.5 433.0 0.5 51.86 20.00
----------------------------------------------------------------------------
DG-07-275 18,340E 93.0 107.0 14.0 1.64 1.64
-----------------------------------------------------
Lower PF/
(Calcite Zone) 122.0 167.0 45.0 1.68 1.68 Upper MF
-----------------------------------------------------
194.0 202.0 8.0 2.68 2.68
-----------------------------------------------------
253.0 260.0 7.0 1.40 1.40
-----------------------------------------------------
Lower Massive
286.0 301.0 15.0 2.35 1.98 Flow
-----------------------------------------------------
Inc. 300.0 301.0 1.0 25.50 20.00
-----------------------------------------------------
350.0 366.0 16.0 1.52 1.52
----------------------------------------------------------------------------
Upper MF/
DG-07-276 18,340E 60.0 89.0 29.0 2.67 2.67 Lower PF
-----------------------------------------------------
(Calcite Zone) 106.0 113.0 7.0 1.75 1.75
-----------------------------------------------------
170.0 177.0 7.0 1.68 1.68
-----------------------------------------------------
245.0 258.0 13.0 1.28 1.28
----------------------------------------------------------------------------
DG-07-277 18,300E 54.0 62.0 8.0 2.61 2.61
-----------------------------------------------------
Lower PF/
(Calcite Zone) 127.0 176.0 49.0 0.85 0.85 Upper MF
-----------------------------------------------------
249.0 256.0 7.0 1.35 1.35
-----------------------------------------------------
393.3 401.0 7.7 2.13 2.13
-----------------------------------------------------
432.0 439.0 7.0 2.02 2.02
----------------------------------------------------------------------------
DG-07-279 18,300E 252.0 261.5 9.5 1.16 1.16
-----------------------------------------------------
(Calcite Zone) 301.0 308.0 7.0 1.62 1.62
-----------------------------------------------------
374.0 381.0 7.0 1.63 1.63
-----------------------------------------------------
398.0 405.0 7.0 1.38 1.38
-----------------------------------------------------
451.5 465.0 13.5 1.19 1.19
-----------------------------------------------------
519.5 543.0 23.5 0.77 0.77
----------------------------------------------------------------------------
DG-07-280 18,100E 180.0 189.0 9.0 1.08 1.08
-----------------------------------------------------
(Calcite Zone)
----------------------------------------------------------------------------
DG-07-281 18,340E 19.0 27.0 8.0 1.51 1.51
-----------------------------------------------------
Lower Massive
(Calcite Zone) 79.0 95.0 16.0 7.01 2.58 Flow
-----------------------------------------------------
Inc. 81.5 82.0 0.5 37.20 20.00
-----------------------------------------------------
Inc. 85.0 86.0 1.0 82.30 20.00
----------------------------------------------------------------------------
DG-07-282 18,540E 199.0 223.0 24.0 0.90 0.90
-----------------------------------------------------
(Calcite Zone) 237.0 248.0 11.0 1.26 1.26
-----------------------------------------------------
286.0 297.0 11.0 1.00 1.00
-----------------------------------------------------
Upper Massive
330.0 357.0 27.0 1.45 1.45 Flow
-----------------------------------------------------
542.0 565.0 23.0 1.48 1.48 Lower Mafic Flow
-----------------------------------------------------
573.0 580.0 7.0 12.29 2.72 Lower Mafic Flow
-----------------------------------------------------
Inc. 579.0 579.0 0.5 154.0 20.00
----------------------------------------------------------------------------
DG-07-284 18,380E Hole abandoned at 21 m. Not sampled.
-----------------------------------------------------
(Calcite Zone)
----------------------------------------------------------------------------
DG-07-284A 18,380E Hole lost at 123 m. No significant results.
-----------------------------------------------------
(Calcite Zone)
----------------------------------------------------------------------------
DG-08-284B 18,380E 394.0 408.0 14.0 1.08 1.08
-----------------------------------------------------
(Calcite Zone) 419.0 433.0 14.0 0.95 0.95
-----------------------------------------------------
Upper Pillow
472.0 502.8 30.8 0.95 0.95 Flow
-----------------------------------------------------
Upper Pillow
520.0 527.5 7.5 1.25 1.25 Flow
-----------------------------------------------------
573.0 589.0 16.0 1.74 1.74
-----------------------------------------------------
Upper PF/
602.0 630.0 28.0 1.20 1.20 Lower MF
----------------------------------------------------------------------------
Upper Pillow
DG-08-287 18,060E 154.0 176.0 22.0 1.27 1.27 Flow
-----------------------------------------------------
Lower Pillow
(Calcite Zone) 251.0 258.0 7.0 5.53 2.91 Flow
-----------------------------------------------------
Inc. 256.0 257.0 1.0 38.30 20.00
-----------------------------------------------------
269.5 287.0 17.5 0.66 0.66
-----------------------------------------------------
311.0 322.0 11.0 1.45 1.45
----------------------------------------------------------------------------
DG-08-288 19,240E 42.0 50.0 8.0 2.93 2.90
-----------------------------------------------------
(Gap Zone) Inc. 44.0 45.0 1.0 20.20 20.00
-----------------------------------------------------
62.0 73.0 11.0 1.90 1.90
-----------------------------------------------------
Lower Massive
127.0 147.0 20.0 1.61 1.61 Flow
-----------------------------------------------------
182.0 189.0 7.0 1.33 1.33
-----------------------------------------------------
236.0 262.0 26.0 1.25 1.25 Lower MF/CMH
----------------------------------------------------------------------------
Lower Pillow
DG-08-294 19,160E 62.0 109.0 47.0 1.05 1.05 Flow
-----------------------------------------------------
(Gap Zone) 162.0 174.0 12.0 0.86 0.86
-----------------------------------------------------
252.0 261.0 9.0 2.07 2.07
-----------------------------------------------------
272.0 284.0 12.0 0.95 0.95
-----------------------------------------------------
323.8 336.0 12.2 1.49 1.49
-----------------------------------------------------
Lower Pillow
362.0 373.0 11.0 5.34 3.09 Flow
-----------------------------------------------------
Inc. 362.0 363.0 1.0 44.80 20.00
-----------------------------------------------------
Lower Massive
443.0 450.5 7.5 4.06 2.08 Flow
-----------------------------------------------------
Inc. 450.0 450.5 0.5 49.80 20.00
-----------------------------------------------------
469.5 483.0 13.5 0.95 0.95
-----------------------------------------------------
519.0 526.0 7.0 1.22 1.22
----------------------------------------------------------------------------
DG-08-295 18,060E 89.0 100.0 11.0 1.04 1.04
-----------------------------------------------------
(Calcite Zone) 112.0 133.0 21.0 1.10 1.10
-----------------------------------------------------
165.0 172.0 7.0 2.06 2.06
-----------------------------------------------------
184.0 201.0 17.0 1.36 1.36
-----------------------------------------------------
248.0 255.0 7.0 2.84 2.84
-----------------------------------------------------
409.0 416.0 7.0 1.30 1.30
-----------------------------------------------------
Lower Massive
434.5 456.0 21.5 3.29 2.72 Flow
-----------------------------------------------------
Inc. 436.0 436.5 0.5 36.47 20.00
-----------------------------------------------------
Inc. 436.5 437.0 0.5 28.00 20.00
-----------------------------------------------------
467.0 474.0 7.0 1.57 1.57
----------------------------------------------------------------------------
DG-08-299 19,080E 42.0 66.0 24.0 0.96 0.96
-----------------------------------------------------
Lower Pillow
(Gap Zone) 375.0 385.0 10.0 7.36 1.56 Flow
-----------------------------------------------------
Inc. 379.5 380.0 0.5 136.00 20.00
-----------------------------------------------------
399.0 406.0 7.0 1.29 1.29
-----------------------------------------------------
Lower Massive
480.0 500.0 20.0 2.06 2.06 Flow
-----------------------------------------------------
545.0 560.0 15.0 1.94 1.94 CMH
----------------------------------------------------------------------------
Lower Pillow
DG-08-301 19,120E 43.0 113.0 70.0 0.93 0.93 Flow
-----------------------------------------------------
(Gap Zone) 125.0 147.0 22.0 0.78 0.78
-----------------------------------------------------
Lower Pillow
168.0 201.0 33.0 1.03 1.03 Flow
-----------------------------------------------------
Lower Pillow
374.0 384.0 10.0 4.11 4.11 Flow
-----------------------------------------------------
393.0 400.0 7.0 1.97 1.97
----------------------------------------------------------------------------
441.0 449.0 8.0 1.81 1.81
-----------------------------------------------------
484.0 504.0 20.0 1.19 1.19
-----------------------------------------------------
527.0 534.0 7.0 2.70 2.70
----------------------------------------------------------------------------
Upper Pillow
DG-08-303 18,100E 87.0 97.0 10.0 5.85 4.21 Flow
-----------------------------------------------------
(Calcite Zone) Inc. 93.0 94.0 1.0 36.40 20.00
-----------------------------------------------------
Upper Pillow
114.0 146.0 32.0 0.81 0.81 Flow
-----------------------------------------------------
183.0 209.0 26.0 0.85 0.85
-----------------------------------------------------
Lower Pillow
252.0 277.0 25.0 1.13 1.13 Flow
-----------------------------------------------------
305.0 312.0 7.0 1.87 1.87
----------------------------------------------------------------------------
DG-08-306 18,100E 217.0 229.0 12.0 1.17 1.17
-----------------------------------------------------
(Calcite Zone) 286.0 303.0 17.0 0.65 0.65
-----------------------------------------------------
481.0 489.0 8.0 1.79 1.79
----------------------------------------------------------------------------
DG-08-307 19,120E 121.0 136.0 15.0 1.40 1.40
-----------------------------------------------------
(Gap Zone) 233.0 244.0 11.0 1.03 1.03
-----------------------------------------------------
301.0 308.0 7.0 1.79 1.79
-----------------------------------------------------
Lower Pillow
327.0 344.0 17.0 3.40 3.40 Flow
-----------------------------------------------------
Inc. 328.0 329.0 1.0 20.00 20.00
-----------------------------------------------------
464.0 489.0 25.0 2.37 1.47 Lower MF/CMH
-----------------------------------------------------
Inc. 481.7 482.2 0.5 65.20 20.00
----------------------------------------------------------------------------
DG-08-309 17,900E 37.5 45.0 7.5 1.20 1.20
-----------------------------------------------------
(Calcite Zone) 100.0 108.0 8.0 2.09 2.09
-----------------------------------------------------
326.0 358.0 32.0 0.91 0.91 Lower Mafic Flow
-----------------------------------------------------
386.0 396.0 10.0 1.04 1.04
----------------------------------------------------------------------------
DG-08-316 18,180E 92.0 120.0 28.0 0.90 0.85 Upper Mafic Flow
-----------------------------------------------------
(Calcite Zone) Inc. 119.5 120.0 0.5 22.8 20.0
-----------------------------------------------------
246.0 267.0 21.0 1.26 1.26 Mafic Flow
-----------------------------------------------------
377.0 384.0 7.0 2.72 2.72
----------------------------------------------------------------------------

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"). 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.

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
    Website: www.detourgold.com