Detour Gold Reports More Results From Its 2010 Drilling Program at Detour Lake Project in Ontario Gold Mineralization Extending West of Current Pit (2.54 g/t / 48 m & 2.80 g/t / 41.5 m west of Calcite Zone)
Gold Mineralization Extending West of Current Pit (2.54 g/t / 48 m & 2.80 g/t / 41.5 m west of Calcite Zone)
TORONTO, ONTARIO -- (Marketwire) -- 09/20/10 -- Detour Gold Corporation (TSX: DGC) ('Detour Gold' or the 'Company') reports assay results for its 2010 drilling campaign at the Detour Lake gold project in northern Ontario. A total of 90,864 metres has now been completed. The 2010 program covered the western extension of the Detour Lake open pit deposit between section 17,540E and 18,000E on a 40X40 metre drill spacing. Today's results include an additional 25 holes totaling 12,491 metres (including four holes abandoned for 788 metres). To date, the Company has released assay results of 104 holes totaling 50,049 metres (approximately 55% of the program).
Following up on the successful 2010 drilling campaign, the Company has added an additional 15,000 metres of drilling, which will extend to section 17,460E on a 40X40 metre spacing. This additional drilling is to be completed by year-end. Drill results to date indicate that the gold mineralization continues west of the current US$850/oz pit shell. An updated mineral resources and reserves statement is expected in early 2011.
All drill holes were completed from sections 17,700E to 17,900E, west of the Calcite Zone. Gold mineralization was intersected outside of the feasibility study open pit, along the same mineralized corridor. On all sections, significant gold mineralization was encountered at the contact between the massive flow and the Sunday Lake Deformation Zone: 2.80 g/t (uncut) or 2.49 g/t (cut) over 41.5 metres in hole DG-10-907A, 4.18 g/t (uncut) or 2.50 g/t (cut) over 16.0 metres in hole DG-10-926, and 1.15 g/t over 37.0 metres in hole DG-10-923.
Significant gold mineralization was also present in the pillow flows (representing the extension of Domain 2, which contains 38% of the measured and indicated resources). Of significance, hole DG-10-900 intersected 0.99 g/t over 59.0 metres, hole DG-10-910 intersected 3.03 g/t (uncut) or 2.93 (cut) over 32.9 metres, and hole DG-10-925 intersected 2.54 g/t (uncut) or 2.06 g/t (cut) over 48.0 metres.
Significant gold mineralized (uncut) intervals encountered are shown below.
West of Calcite Zone
--------------------
--------------------
DG-10-900 DG-10-901A DG-10-903 DG-10-904
--------- ---------- --------- ---------
0.99 g/t over 2.03 g/t over 3.46 g/t over 4.46 g/t over
59.0 m 25.4 m 15.0 m 15.0 m
DG-10-907A DG-10-908 DG-10-910 DG-10-919
---------- --------- --------- ---------
4.92 g/t over 11.22 g/t over 3.03 g/t over 7.54 g/t over
21.0 m 7.0 m 32.9 m 8.0 m
2.80 g/t over 8.01 g/t over
41.5 m 9.0 m
DG-10-920 DG-10-923 DG-10-925 DG-10-926
--------- --------- --------- ---------
3.94 g/t over 4.12 g/t over 2.54 g/t over 4.18 g/t over
23.0 m 26.0 m 48.0 m 16.0 m
Complete tables of results, surface and longitudinal plans and cross-sections for the Detour Lake deposit are posted on the Company's website at www.detourgold.com /Projects/Detour Lake or http://www.detourgold.com/PROJECTS/Detour-Lake/Explore-Detour-Lake/default.aspx or on the home page 'Explore Detour Lake'.
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 (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 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 Company's plan to release an updated mineral resources and reserves statement 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
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Hole No. Section From To Length Au Au Cut to Host Rock Unit
No. (m) (m) (m) Uncut 20 g/t
(g/t) (g/t)
----------------------------------------------------------------------------
DG-10-900 Upper Pillow
17,820E 215.0 274.0 59.0 0.99 0.99 Flow
----------------------------------------------------
(Calcite Zone) 293.0 300.0 7.0 1.38 1.38
----------------------------------------------------
323.0 331.0 8.0 2.97 1.53
----------------------------------------------------
Inc.
323.0 323.5 0.5 42.94 20.00
----------------------------------------------------
347.0 356.0 9.0 5.25 4.78 Contact PF/ MF
----------------------------------------------------
Inc.
355.0 356.0 1.0 24.30 20.00
----------------------------------------------------------------------------
DG-10-901 Abandoned at 100 m. No significant
17,820E results.
----------------------------------------------------
(Calcite Zone)
----------------------------------------------------------------------------
DG-10-901A 17,820E 168.0 193.4 25.4 2.03 2.03 Contact PF/ MF
----------------------------------------------------
(Calcite Zone) 218.0 230.0 12.0 1.05 1.05
----------------------------------------------------
Upper Massive
272.0 279.5 7.5 5.62 2.33 Flow
----------------------------------------------------
Inc.
278.3 278.8 0.5 69.26 20.00
----------------------------------------------------
Lower Massive
347.7 360.0 12.3 3.77 3.77 Flow
----------------------------------------------------
455.0 462.0 7.0 2.66 1.89
----------------------------------------------------
Inc.
456.0 456.5 0.5 30.90 20.00
----------------------------------------------------
Lower Massive
485.6 493.0 7.4 4.13 1.39 Flow
----------------------------------------------------
Inc.
485.6 486.1 0.5 60.51 20.00
----------------------------------------------------
562.0 569.0 7.0 1.34 1.34
----------------------------------------------------
618.0 627.0 9.0 1.69 1.69
----------------------------------------------------
641.0 663.0 22.0 1.52 1.52 SLDZ
----------------------------------------------------------------------------
DG-10-902 17,820E 136.0 143.5 7.5 1.39 1.39
----------------------------------------------------
(Calcite Zone) 180.7 195.9 15.2 0.98 0.98
----------------------------------------------------
444.0 454.0 10.0 1.56 1.56
----------------------------------------------------
504.0 513.0 9.0 1.01 1.01
----------------------------------------------------------------------------
DG-10-903 Upper Pillow
17,900E 111.0 127.0 16.0 3.12 1.99 Flow
----------------------------------------------------
(Calcite Zone) Inc.
111.0 111.5 0.5 21.30 20.00
----------------------------------------------------
Inc.
111.5 112.0 0.5 54.70 20.00
----------------------------------------------------
231.0 246.0 15.0 3.46 3.46 Contact PF/ MF
----------------------------------------------------
261.0 270.5 9.5 0.92 0.92
----------------------------------------------------
309.0 317.0 8.0 1.89 1.89
----------------------------------------------------------------------------
DG-10-904 17,900E 173.0 180.0 7.0 1.15 1.15
----------------------------------------------------
(Calcite Zone) 228.0 246.0 18.0 0.86 0.86
----------------------------------------------------
296.0 304.0 8.0 1.54 1.54
----------------------------------------------------
352.8 360.0 7.2 1.79 1.57
----------------------------------------------------
Inc.
352.8 353.3 0.5 23.10 20.00
----------------------------------------------------
370.5 389.0 18.5 1.27 1.21
----------------------------------------------------
Inc.
370.5 371.0 0.5 22.12 20.00
----------------------------------------------------
Lower Pillow
406.0 421.0 15.0 4.46 2.97 Flow
----------------------------------------------------
Inc.
409.0 410.0 1.0 42.40 20.00
----------------------------------------------------
432.0 444.0 12.0 1.24 1.24
----------------------------------------------------
522.0 533.0 11.0 1.47 1.47
----------------------------------------------------
544.0 556.0 12.0 1.15 1.15
----------------------------------------------------------------------------
DG-10-907 Abandoned at 112 m. No significant
17,900E results.
--------------
(Calcite Zone)
----------------------------------------------------------------------------
DG-10-907A 57.0 64.0 7.0 1.02 1.02
----------------------------------------------------
(Calcite Zone) 73.0 93.0 20.0 1.03 1.03
----------------------------------------------------
133.0 154.0 21.0 4.92 1.69 Contact PF/ MF
----------------------------------------------------
Inc.
138.0 139.0 1.0 87.85 20.00
----------------------------------------------------
296.0 303.0 7.0 1.43 1.43
----------------------------------------------------
345.0 352.0 7.0 1.02 1.02
----------------------------------------------------
Contact CMH/
392.0 433.5 41.5 2.80 2.49 MF
----------------------------------------------------
Inc.
394.0 395.0 1.0 32.90 20.00
----------------------------------------------------------------------------
DG-10-908 Upper Pillow
17,780E 98.0 105.0 7.0 11.22 3.13 Flow
----------------------------------------------------
(Calcite Zone) Inc.
98.0 99.0 1.0 76.60 20.00
----------------------------------------------------
173.0 184.0 11.0 1.21 1.21
----------------------------------------------------
Upper Massive
197.0 206.0 9.0 8.01 2.77 Flow
----------------------------------------------------------------------------
Inc.
205.0 206.0 1.0 67.20 20.00
----------------------------------------------------
Upper Massive
236.0 253.0 17.0 1.53 1.53 Flow
----------------------------------------------------
267.0 275.0 8.0 1.13 1.13
----------------------------------------------------
469.0 476.0 7.0 1.02 1.02
----------------------------------------------------
561.0 571.0 10.0 0.76 0.76
----------------------------------------------------------------------------
DG-10-910 Upper Massive
17,780E 102.0 120.0 18.0 2.43 1.90 Flow
----------------------------------------------------
(Calcite Zone) Inc.
102.0 103.0 1.0 29.60 20.00
----------------------------------------------------
Upper Massive
186.0 205.0 19.0 1.95 1.95 Flow
----------------------------------------------------
Upper Pillow
221.0 253.9 32.9 3.03 2.93 Flow
----------------------------------------------------
Inc.
223.0 224.0 1.0 23.40 20.00
----------------------------------------------------
264.0 272.0 8.0 0.89 0.89
----------------------------------------------------
281.0 291.0 10.0 1.01 1.01
----------------------------------------------------
Upper Massive
320.0 343.0 23.0 1.15 1.15 Flow
----------------------------------------------------
366.0 380.0 14.0 1.08 1.08
----------------------------------------------------
543.0 550.0 7.0 1.17 1.17
----------------------------------------------------
644.0 660.0 16.0 1.25 1.25
----------------------------------------------------
667.0 676.3 9.3 2.47 2.47
----------------------------------------------------------------------------
DG-10-912 Upper Massive
17,780E 93.0 107.0 14.0 2.09 2.09 Flow
----------------------------------------------------
(Calcite Zone) 139.5 147.0 7.5 1.23 1.23
----------------------------------------------------
156.0 171.0 15.0 1.00 1.00
----------------------------------------------------
414.0 427.0 13.0 0.87 0.87
----------------------------------------------------
449.0 456.6 7.6 1.26 1.26
----------------------------------------------------------------------------
DG-10-913 17,820E 44.0 54.0 10.0 1.29 1.29
----------------------------------------------------
(Calcite Zone) 96.0 111.0 15.0 0.85 0.85
----------------------------------------------------
Lower Massive
328.0 344.0 16.0 2.80 1.69 Flow
----------------------------------------------------
Inc.
342.0 342.5 0.5 55.68 20.00
----------------------------------------------------
384.0 391.5 7.5 1.58 1.58
----------------------------------------------------------------------------
DG-10-915 17,900E 100.0 107.0 7.0 1.09 1.09
----------------------------------------------------
(Calcite Zone) 290.0 297.5 7.5 1.22 1.22
----------------------------------------------------------------------------
DG-10-916 Upper Pillow
17,780E 301.0 316.0 15.0 1.39 1.39 Flow
----------------------------------------------------
(Calcite Zone) Upper Massive
397.0 406.0 9.0 3.34 3.34 Flow
----------------------------------------------------------------------------
DG-10-917 Upper Pillow
17,700E 79.0 100.0 21.0 1.21 1.21 Flow
----------------------------------------------------
(Calcite Zone) Upper Massive
149.8 180.0 30.2 1.08 0.87 Flow
----------------------------------------------------
Inc.
149.8 150.3 0.5 32.60 20.00
----------------------------------------------------
238.0 248.0 10.0 0.86 0.86
----------------------------------------------------
419.0 432.0 13.0 1.16 1.16
----------------------------------------------------
459.0 467.0 8.0 1.72 1.72
----------------------------------------------------------------------------
DG-10-919 17,780E 61.0 70.0 9.0 1.02 1.02
----------------------------------------------------
(Calcite Zone) Lower Massive
313.0 321.0 8.0 7.54 1.49 Flow
----------------------------------------------------
Inc.
318.2 318.7 0.5 116.79 20.00
----------------------------------------------------------------------------
DG-10-920 17,740E 67.0 74.0 7.0 1.42 1.42
----------------------------------------------------
(Calcite Zone) Upper Massive
205.0 231.0 26.0 1.81 1.81 Flow
----------------------------------------------------
Upper Pillow
246.0 269.0 23.0 3.94 2.27 Flow
----------------------------------------------------
Inc.
267.0 268.0 1.0 58.40 20.00
----------------------------------------------------
270.5 278.0 7.5 0.98 0.98
----------------------------------------------------
292.0 299.0 7.0 1.52 1.52
----------------------------------------------------
530.5 537.9 7.4 1.37 1.37
----------------------------------------------------
594.0 606.0 12.0 0.85 0.85
----------------------------------------------------
667.0 674.0 7.0 1.32 1.32
----------------------------------------------------------------------------
DG-10-921 17,740E 104.0 118.0 14.0 0.92 0.92
----------------------------------------------------
(Calcite Zone) 374.0 382.0 8.0 0.97 0.97
----------------------------------------------------
402.0 419.0 17.0 1.42 1.42
----------------------------------------------------------------------------
DG-10-922 17,740E 66.0 84.0 18.0 1.31 1.31
----------------------------------------------------
(Calcite Zone) 115.6 123.0 7.4 1.02 1.02
----------------------------------------------------
139.0 146.0 7.0 1.35 1.35
----------------------------------------------------
Lower Pillow
162.0 190.5 28.5 1.60 1.57 Flow
----------------------------------------------------
Inc.
180.0 181.0 1.0 21.00 20.00
----------------------------------------------------
207.0 217.0 10.0 0.97 0.97
----------------------------------------------------------------------------
Lower Pillow
239.2 246.0 6.8 3.94 1.88 Flow
----------------------------------------------------
Inc.
239.2 239.7 0.5 48.04 20.00
----------------------------------------------------
423.0 437.0 14.0 0.94 0.94
----------------------------------------------------
449.0 456.6 7.6 1.49 1.49
----------------------------------------------------------------------------
DG-10-923 17,700E 109.0 116.0 7.0 1.61 1.61
----------------------------------------------------
(Calcite Zone) Upper Pillow
124.0 150.0 26.0 4.12 1.43 Flow
----------------------------------------------------
Inc.
131.5 132.0 0.5 159.87 20.00
----------------------------------------------------
168.0 181.0 13.0 0.91 0.91
----------------------------------------------------
236.0 254.0 18.0 1.02 1.02
----------------------------------------------------
294.0 304.0 10.0 0.87 0.87
----------------------------------------------------
Lower Massive
523.0 560.0 37.0 1.15 1.15 Flow
----------------------------------------------------------------------------
DG-10-924 17,700E 151.0 158.0 7.0 1.10 1.10
----------------------------------------------------
(Calcite Zone) Upper Massive
206.0 215.0 9.0 4.92 3.01 Flow
----------------------------------------------------
Inc.
206.0 207.0 1.0 37.20 20.00
----------------------------------------------------
240.0 247.0 7.0 1.59 1.59
----------------------------------------------------
326.0 337.0 11.0 1.24 1.24
----------------------------------------------------
348.0 355.0 7.0 1.24 1.24
----------------------------------------------------
383.0 391.0 8.0 1.84 1.84
----------------------------------------------------
409.0 422.0 13.0 1.69 1.69
----------------------------------------------------
637.0 656.0 19.0 0.73 0.73
----------------------------------------------------------------------------
DG-10-925 Upper Massive
17,740E 162.0 185.0 23.0 1.92 1.17 Flow
----------------------------------------------------
(Calcite Zone) Inc.
162.0 163.0 1.0 37.20 20.00
----------------------------------------------------
196.0 211.0 15.0 0.89 0.89
----------------------------------------------------
224.0 272.0 48.0 2.54 2.06 Contact PF/ MF
----------------------------------------------------
Inc.
227.0 228.0 1.0 22.60 20.00
----------------------------------------------------
Inc.
253.0 253.5 0.5 61.17 20.00
----------------------------------------------------
307.0 314.0 7.0 1.68 1.68
----------------------------------------------------
Upper Massive
379.0 396.0 17.0 1.51 1.51 Flow
----------------------------------------------------
429.0 436.0 7.0 1.54 1.54
----------------------------------------------------
607.0 617.0 10.0 0.91 0.91
----------------------------------------------------------------------------
DG-10-926 17,740E 96.0 104.6 8.6 0.84 0.84
----------------------------------------------------
(Calcite Zone) 124.0 141.0 17.0 0.88 0.88
----------------------------------------------------
Upper Massive
148.0 169.0 21.0 1.90 1.19 Flow
----------------------------------------------------
Inc.
160.0 160.7 0.7 41.30 20.00
----------------------------------------------------
212.0 219.0 7.0 2.35 2.35
----------------------------------------------------
227.0 238.0 11.0 0.72 0.72
----------------------------------------------------
290.0 297.4 7.4 1.93 1.51
----------------------------------------------------
Inc.
293.3 293.8 0.5 26.20 20.00
----------------------------------------------------
Lower Massive
459.0 475.0 16.0 4.18 2.50 Flow
----------------------------------------------------
Inc.
465.3 465.8 0.5 73.90 20.00
----------------------------------------------------
486.0 499.8 13.8 1.01 1.01
----------------------------------------------------------------------------
DG-10-927 17,700E Abandoned at 51 m. Not sampled.
--------------
(Calcite Zone)
----------------------------------------------------------------------------
DG-10-927A 17,700E 39.0 59.0 20.0 1.04 1.04
----------------------------------------------------
(Calcite Zone) 72.0 79.0 7.0 1.02 1.02
----------------------------------------------------
Lower Massive
341.0 354.0 13.0 2.50 2.50 Flow
----------------------------------------------------
380.0 389.0 9.0 1.56 1.56
----------------------------------------------------------------------------
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 19,480E to 20,440E) where the true
width is estimated at 60 to 65% of the drilled length.
Contacts:
Detour Gold Corporation
Gerald Panneton
President and CEO
(416) 304.0800
Detour Gold Corporation
Laurie Gaborit
Director Investor Relations
(416) 304.0581
Detour Gold Corporation
Royal Bank Plaza, South Tower,
200 Bay Street, Suite 2200,
Toronto, Ontario
M5J 2J1