Advised of Positive Results From Detour Gold's 20m X 20m Infill Drilling
posted on
Mar 19, 2009 05:00AM
Ghana – Timmins – Red Lake ● World-class Gold belts
March 19, 2009 | ||
PDX Resources Advised of Positive Results From Detour Gold's 20m X 20m Infill Drilling Test Block at Detour Lake in Ontario | ||
TORONTO, ONTARIO--(Marketwire - March 19, 2009) - PDX Resources Inc. (TSX:PLG) ("PDX") has been advised by Detour Gold Corporation ("Detour Gold") that it has reported positive results from its infill drilling program on a 20 metre by 20 metre grid in the eastern portion of the Detour Lake deposit (West Pit area). PDX has a 42.2% equity interest in Detour Gold (19 million shares). Detour Gold issued a press release today, the verbatim text of which follows: "Detour Gold Announces Positive Results from its 20m X 20m Infill Drilling Test Block at Detour Lake in Ontario Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report positive results from its infill drilling program on a 20 metre by 20 metre grid in the eastern portion of the Detour Lake deposit (West Pit area). The drilling program of 8,101 metres (53 holes) was completed in the last quarter of 2008 to infill an area of 80 metres along strike (19,420E to 19,500E) by 370 metres in width (north-south), from surface to a depth of 160 metres (referred to as the "20m X 20m Test Block"). Overall, the results of the 20m X 20m Test Block when compared to the previous 40m x 40m drill hole spacing confirm the following: - Approximately same number of gold ounces in measured and indicated categories - Slight improvement in average gold grade (measured + indicated) - Continuity of three main mineralized envelopes - Drill spacing of 40 metres by 40 metres is adequate for the deposit The table below compares the mineral resources contained in the Test Block with a drill spacing of 20 metres versus the initial 40 metres. Mineral Resources Contained in Detour Lake Test Block(1) (capped at 20 g/t Au; cut-off grade of 0.50 g/t Au) ---------------------------------------------------------------------------- Measured Indicated Category Category ---------------------------------------------------------------------------- Drill Spacing Tonnes Grade Gold Tonnes Grade Gold (m) (000's) (g/t Au) Ounces (000's) (g/t Au) Ounces ---------------------------------------------------------------------------- 40X40 761 1.74 42,525 3,831 1.23 151,142 ---------------------------------------------------------------------------- 20X20 1,129 1.74 63,205 3,041 1.26 123,273 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Difference +49% -18% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Measured and Inferred Indicated Categories Category ---------------------------------------------------------------------------- Drill Spacing Tonnes Grade Gold Tonnes Grade Gold (m) (000's) (g/t Au) Ounces (000's) (g/t Au) Ounces ---------------------------------------------------------------------------- 40X40 4,592 1.31 193,667 245 1.12 8,842 ---------------------------------------------------------------------------- 20X20 4,170 1.39 186,478 22 1.23 858 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Difference -4% -90% ---------------------------------------------------------------------------- (1) The mineral resource estimate uses the same parameters and methodology as the one released on July 2, 2008 for the Detour Lake deposit based on a US$700/oz gold price. Detour Gold has currently four drill rigs on site with two testing the footwall mineralization, from surface to 200 metres, on the south side of the former open pit and the other two completing the infill drilling further to the west. Significant mineralized (uncut) intervals encountered in the 20m X 20m Test Block are shown below. Test Block - West Pit Area -------------------------- DG-08-553 DG-08-554 DG-08-557 DG-08-561 ------------ ------------ ------------ ------------ 7.68 g/t 4.31 g/t 5.80 g/t 10.35 g/t over 23.0 m over 24.0 m over 13.0 m over 11.0 m DG-08-567 DG-08-568 DG-08-571 DG-08-576 ------------ ------------ ------------ ------------ 24.97 g/t 3.04 g/t 10.20 g/t 6.43 g/t over 8.0 m over 23.0 m over 12.0 m over 17.0 m 2.18 g/t over 31.5 m DG-08-577 DG-08-580 DG-08-581 DG-08-583 ------------ ------------ ------------ ------------ 1.24 g/t 2.15 g/t 1.42 g/t 2.50 g/t over 50.0 m over 33.0 m over 36.0 m over 24.0 m DG-08-584 DG-08-593 DG-08-594 DG-08-598 ------------ ------------ ------------ ------------ 1.56 g/t 1.29 g/t 5.08 g/t 13.37 g/t over 38.0 m over 43.0 m over 14.0 m over 7.0 m DG-08-600 DG-08-601 DG-08-602 DG-08-603 ------------ ------------ ------------ ------------ 14.31 g/t 1.41 g/t 2.16 g/t 3.71 g/t over 10.0 m over 64.0 m over 63.5 m over 28.0 m DG-08-604 ------------ 1.44 g/t over 53.0 m Detour Gold's infill drilling program is being managed by Project Manager, Mr. Roger Aubertin, P.Eng. The 20m X 20m Test Block mineral resource estimate was prepared by Thon Consulting of Smithers, British Columbia and subsequently verified by Robert Crepeau, P.Eng., consultant for Detour Gold. Both Mr. Aubertin and Mr. Crepeau are Qualified Persons within the meaning of National Instrument 43-101 and have verified and approved the data disclosed in this release. 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. For further information, please contact: Gerald Panneton, Laurie Gaborit, President and CEO Director Investor Relations Tel: (416) 304.0800 Tel: (416) 304.0581 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 Cut Host No. (m) (m) (m) Uncut to 20 g/t Rock Unit (g/t) (g/t) ---------------------------------------------------------------------------- DG-08-553 19,440E 87.0 94.0 7.0 1.70 1.70 (West Pit) --------------------------------------------------------- 120.0 143.0 23.0 7.68 2.78 Contact CMH/MF --------------------------------------------------------- Inc. 126.5 127.0 0.5 136.18 20.00 --------------------------------------------------------- Inc. 127.5 128.0 0.5 79.48 20.00 --------------------------------------------------------- Inc. 131.5 132.0 0.5 70.01 20.00 ---------------------------------------------------------------------------- DG-08-554 19,480E 66.0 83.0 17.0 0.83 0.83 (West Pit) --------------------------------------------------------- 123.0 147.0 24.0 4.31 2.23 Lower Pillow Flow --------------------------------------------------------- Inc. 125.0 126.0 1.0 24.40 20.00 --------------------------------------------------------- Inc. 134.5 135.0 0.5 110.90 20.00 ---------------------------------------------------------------------------- DG-08-555 19,500E 31.6 47.0 15.4 1.38 1.38 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-556 19,420E 28.0 36.0 8.0 5.35 5.11 Lower Mafic (West Pit) Flow --------------------------------------------------------- Inc. 28.5 29.0 0.5 23.72 20.00 --------------------------------------------------------- 75.0 95.0 20.0 1.01 1.01 ---------------------------------------------------------------------------- DG-08-557 19,420E 56.0 69.0 13.0 5.80 1.55 Lower Massive (West Pit) Flow --------------------------------------------------------- Inc. 60.0 60.5 0.5 130.46 20.00 --------------------------------------------------------- 107.0 122.5 15.5 2.54 2.54 Contact CMH/MF ---------------------------------------------------------------------------- DG-08-558 19,500E 30.0 40.0 10.0 1.37 1.37 (West Pit) --------------------------------------------------------- 60.0 75.0 15.0 3.04 2.54 Contact CMH/MF --------------------------------------------------------- Inc. 71.0 72.0 1.0 27.56 20.00 ---------------------------------------------------------------------------- DG-08-559 19,500E 108.0 115.0 7.0 3.85 3.85 Lower Massive (West Pit) Flow --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-560 19,420E 118.0 153.0 35.0 0.82 0.82 Contact CMH/MF (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-561 19,420E 94.0 103.0 9.0 2.76 1.47 (West Pit) --------------------------------------------------------- Inc. 102.0 102.5 0.5 43.23 20.00 --------------------------------------------------------- 146.0 153.0 7.0 7.04 3.38 Lower Massive Flow --------------------------------------------------------- Inc. 147.0 147.5 0.5 28.18 20.00 --------------------------------------------------------- Inc. 150.0 150.5 0.5 63.08 20.00 --------------------------------------------------------- 171.0 182.0 11.0 10.35 2.39 Contact CMH/MF --------------------------------------------------------- Inc. 175.2 175.7 0.5 195.26 20.00 ---------------------------------------------------------------------------- DG-08-562 19,500E 124.0 132.0 8.0 5.29 3.46 Lower Massive (West Pit) Flow --------------------------------------------------------- Inc. 124.0 125.0 1.0 34.66 20.00 --------------------------------------------------------- 179.0 186.0 7.0 4.32 3.13 SLDZ --------------------------------------------------------- Inc. 183.0 184.0 1.0 28.32 20.00 ---------------------------------------------------------------------------- DG-08-563 19,500E No Significant Results. (West Pit) ---------------------------------------------------------------------------- DG-08-564 19,420E 41.0 56.0 15.0 1.27 1.27 (West Pit) --------------------------------------------------------- 67.0 72.0 5.0 1.99 1.99 --------------------------------------------------------- 109.0 117.0 8.0 2.56 2.56 ---------------------------------------------------------------------------- DG-08-566 19,500E 20.5 28.0 7.5 2.14 2.14 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-567 19,420E 51.0 59.0 8.0 24.97 4.03 Lower Pillow (West Pit) Flow --------------------------------------------------------- Inc. 52.5 53.0 0.5 22.48 20.00 --------------------------------------------------------- Inc. 56.0 56.5 0.5 110.98 20.00 --------------------------------------------------------- Inc. 56.5 57.0 0.5 261.55 20.00 --------------------------------------------------------- 70.0 83.0 13.0 1.52 1.51 --------------------------------------------------------- Inc. 74.0 74.5 0.5 20.14 20.00 --------------------------------------------------------- 137.0 160.0 23.0 1.94 1.85 Lower Massive Flow --------------------------------------------------------- Inc. 143.5 144.0 0.5 24.10 20.00 --------------------------------------------------------------------------- DG-08-568 19,500E 23.0 46.0 23.0 3.04 1.60 Lower Pillow (West Pit) Flow --------------------------------------------------------- Inc. 44.0 44.5 0.5 86.57 20.00 --------------------------------------------------------- 60.0 67.0 7.0 1.04 1.04 --------------------------------------------------------- 87.0 94.0 7.0 2.66 2.66 --------------------------------------------------------- 113.0 120.0 7.0 1.04 1.04 ---------------------------------------------------------------------------- DG-08-570 19,420E 14.0 26.0 12.0 0.68 0.68 (West Pit) --------------------------------------------------------- 122.0 138.0 16.0 1.67 1.67 Lower Pillow Flow --------------------------------------------------------- 158.0 165.0 7.0 4.22 4.22 Lower Massive Flow ---------------------------------------------------------------------------- DG-08-571 19,500E 51.0 63.0 12.0 10.20 1.52 Lower Pillow (West Pit) Flow --------------------------------------------------------- Inc. 51.5 52.0 0.5 228.29 20.00 --------------------------------------------------------- 95.0 126.5 31.5 2.18 1.93 Lower Pillow Flow --------------------------------------------------------- Inc. 112.0 112.5 0.5 35.51 20.00 ---------------------------------------------------------------------------- DG-08-572 19,420E 49.0 66.0 17.0 1.53 1.53 Lower Pillow (West Pit) Flow --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-573 19,500E 15.0 23.0 8.0 1.35 1.35 (West Pit) --------------------------------------------------------- 68.0 75.0 7.0 5.88 2.02 Lower Pillow Flow --------------------------------------------------------- Inc. 69.0 69.5 0.5 74.06 20.00 --------------------------------------------------------- 98.0 114.0 16.0 2.79 2.79 Lower Pillow Flow --------------------------------------------------------- 133.0 140.0 7.0 5.42 1.66 Lower Pillow Flow --------------------------------------------------------- Inc. 136.0 136.5 0.5 72.71 20.00 ---------------------------------------------------------------------------- DG-08-574 19,420E 87.0 97.0 10.0 0.75 0.75 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-575 19,420E 110.0 121.0 11.0 2.14 2.14 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-576 19,500E 47.0 72.0 25.0 0.70 0.70 (West Pit) --------------------------------------------------------- --------------------------------------------------------- 110.0 117.0 7.0 4.73 2.96 Lower Pillow Flow --------------------------------------------------------- Inc. 112.0 113.0 1.0 32.39 20.00 --------------------------------------------------------- 128.0 145.0 17.0 6.43 2.83 Lower Pillow Flow --------------------------------------------------------- Inc. 139.5 140.0 0.5 73.37 20.00 --------------------------------------------------------- Inc. 143.0 144.0 1.0 54.51 20.00 ---------------------------------------------------------------------------- DG-08-577 19,420E 36.0 86.0 50.0 1.24 1.24 Upper MF/PF (West Pit) contact --------------------------------------------------------- 100.0 108.0 8.0 0.96 0.96 --------------------------------------------------------- 130.0 138.0 8.0 1.31 1.31 ---------------------------------------------------------------------------- DG-08-578 19,500E 20.0 37.0 17.0 1.17 1.17 (West Pit) --------------------------------------------------------- 81.0 91.0 10.0 2.24 2.24 --------------------------------------------------------- 121.0 129.0 8.0 1.39 1.39 ---------------------------------------------------------------------------- DG-08-579 19,420E No Significant Results. (West Pit) ---------------------------------------------------------------------------- DG-08-580 19,500E 44.0 62.0 18.0 0.76 0.76 (West Pit) --------------------------------------------------------- 74.0 83.0 9.0 1.21 1.21 --------------------------------------------------------- 96.0 129.0 33.0 2.15 2.15 Upper Massive Flow --------------------------------------------------------- 142.0 151.0 9.0 1.01 1.01 ---------------------------------------------------------------------------- DG-08-581 19,440E 66.0 102.0 36.0 1.42 1.42 Upper MF/ (West Pit) PF contact --------------------------------------------------------- 126.0 141.0 15.0 1.70 1.70 Lower Pillow Flow ---------------------------------------------------------------------------- DG-08-582 19,500E 22.0 30.0 8.0 1.37 1.37 (West Pit) --------------------------------------------------------- 52.0 74.0 22.0 0.91 0.91 ---------------------------------------------------------------------------- DG-08-582A 19,500E 59.0 70.0 11.0 0.67 0.67 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-583 19,440E 76.0 84.0 8.0 1.27 1.27 (West Pit) --------------------------------------------------------- 188.0 212.0 24.0 2.50 1.65 Lower Pillow Flow --------------------------------------------------------- Inc. 205.5 206.0 0.5 60.94 20.00 --------------------------------------------------------- 236.0 243.0 7.0 1.08 1.08 ---------------------------------------------------------------------------- DG-08-584 19,480E 20.0 37.0 17.0 0.83 0.83 (West Pit) --------------------------------------------------------- 127.0 165.0 38.0 1.56 1.56 PF/MF contact ---------------------------------------------------------------------------- DG-08-585 19,480E 95.0 110.0 15.0 1.65 1.65 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-586 19,440E 11.0 33.0 22.0 0.50 0.50 (West Pit) --------------------------------------------------------- 142.0 154.5 12.5 1.15 1.14 --------------------------------------------------------- Inc. 154.0 154.5 0.5 20.28 20.00 --------------------------------------------------------- 201.0 209.0 8.0 2.55 2.00 --------------------------------------------------------- Inc. 204.0 204.5 0.5 28.90 20.00 ---------------------------------------------------------------------------- DG-08-587 19,480E 16.0 23.0 7.0 1.52 1.52 (West Pit) --------------------------------------------------------- 39.0 47.0 8.0 0.97 0.97 --------------------------------------------------------- 68.0 77.0 9.0 1.30 1.30 --------------------------------------------------------- 97.0 105.0 8.0 1.70 1.70 --------------------------------------------------------- 142.0 153.0 11.0 2.69 2.69 Lower Massive Flow ---------------------------------------------------------------------------- DG-08-588 19,440E 18.0 25.0 7.0 2.91 1.49 (West Pit) --------------------------------------------------------- Inc. 20.5 21.0 0.5 39.97 20.00 --------------------------------------------------------- 59.0 69.0 10.0 0.88 0.88 --------------------------------------------------------- 82.0 103.0 21.0 1.97 1.93 Lower Pillow Flow --------------------------------------------------------- Inc. 96.0 96.5 0.5 20.35 20.00 --------------------------------------------------------- Inc. 102.0 102.5 0.5 21.48 20.00 --------------------------------------------------------- 121.0 132.0 11.0 0.91 0.91 ---------------------------------------------------------------------------- DG-08-589 19,480E 81.0 88.0 7.0 1.11 1.11 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-590 19,440E 35.0 54.0 19.0 1.13 1.13 (West Pit) --------------------------------------------------------- 90.0 98.0 8.0 1.02 1.02 --------------------------------------------------------- 114.0 121.5 7.5 3.47 2.28 Lower Massive Flow --------------------------------------------------------- Inc. 121.0 121.5 0.5 37.80 20.00 --------------------------------------------------------- 254.0 267.0 13.0 1.19 1.19 ---------------------------------------------------------------------------- DG-08-591 19,480E 72.0 79.0 7.0 1.17 1.17 (West Pit) --------------------------------------------------------- 92.0 99.0 7.0 1.28 1.28 --------------------------------------------------------- 160.0 167.0 7.0 1.93 1.93 ---------------------------------------------------------------------------- DG-08-592 19,440E Abandoned in overburden. (West Pit) ---------------------------------------------------------------------------- DG-08-592A 19,440E 49.5 70.0 20.5 1.85 1.32 Lower Massive (West Pit) Flow --------------------------------------------------------- Inc. 50.0 50.7 0.5 41.75 20.00 ---------------------------------------------------------------------------- DG-08-593 19,480E 50.0 57.0 7.0 4.12 3.17 Lower Massive (West Pit) Flow --------------------------------------------------------- Inc. 51.0 52.0 1.0 26.70 20.00 --------------------------------------------------------- 108.0 151.0 43.0 1.29 1.27 Lower Massive Flow --------------------------------------------------------- Inc. 149.0 150.0 1.0 20.92 20.00 ---------------------------------------------------------------------------- DG-08-594 19,460E 38.0 50.0 12.0 2.35 2.15 Lower Massive (West Pit) Flow --------------------------------------------------------- Inc. 49.5 50.0 0.5 24.94 20.00 --------------------------------------------------------- 67.0 81.0 14.0 5.08 2.29 Contact CMH/MF --------------------------------------------------------- Inc. 76.5 77.0 0.5 98.05 20.00 ---------------------------------------------------------------------------- DG-08-595 19,460E 57.0 64.0 7.0 3.06 3.06 (West Pit) --------------------------------------------------------- 78.0 88.0 10.0 2.09 2.09 --------------------------------------------------------- 123.0 140.0 17.0 2.72 2.50 Lower Massive Flow --------------------------------------------------------- Inc. 132.5 133.0 0.5 27.23 20.00 ---------------------------------------------------------------------------- DG-08-596 19,480E 61.0 72.0 11.0 0.70 0.70 (West Pit) --------------------------------------------------------- 82.0 94.0 12.0 1.53 1.53 ---------------------------------------------------------------------------- DG-08-597 19,460E 143.0 150.0 7.0 1.14 1.14 (West Pit) --------------------------------------------------------- ---------------------------------------------------------------------------- DG-08-598 19,460E 32.0 39.0 7.0 1.22 1.22 (West Pit) --------------------------------------------------------- 66.0 73.0 7.0 13.37 1.64 Lower Massive Flow --------------------------------------------------------- Inc. 66.5 67.0 0.5 184.27 20.00 ---------------------------------------------------------------------------- DG-08-599 19,460E 56.0 73.0 17.0 0.65 0.65 (West Pit) --------------------------------------------------------- 91.0 103.0 12.0 1.35 1.35 ---------------------------------------------------------------------------- DG-08-600 19,460E 32.0 68.0 36.0 1.37 1.37 Lower MF/ (West Pit) PF contact --------------------------------------------------------- 79.0 92.0 13.0 2.97 1.08 Lower Massive Flow --------------------------------------------------------- Inc. 79.5 80.0 0.5 69.22 20.00 --------------------------------------------------------- 104.0 114.0 10.0 14.31 1.31 Lower Massive Flow --------------------------------------------------------- Inc. 113.5 114.0 0.5 279.97 20.00 ---------------------------------------------------------------------------- DG-08-601 19,460E 89.0 153.0 64.0 1.41 1.41 Upper MF/ (West Pit) PF contact --------------------------------------------------------- 167.0 178.0 11.0 0.64 0.64 ---------------------------------------------------------------------------- DG-08-602 19,460E 99.5 163.0 63.5 2.16 1.60 Lower Pillow (West Pit) Flow --------------------------------------------------------- Inc. 99.5 100.0 0.5 56.59 20.00 --------------------------------------------------------- Inc. 136.0 136.5 0.5 20.70 20.00 --------------------------------------------------------- Inc. 146.0 147.0 1.0 37.30 20.00 ---------------------------------------------------------------------------- DG-08-603 19,460E 138.0 148.0 10.0 0.95 0.95 (West Pit) --------------------------------------------------------- 172.0 200.0 28.0 3.71 3.68 Upper MF/ PF contact --------------------------------------------------------- Inc. 186.0 186.5 0.5 21.86 20.00 ---------------------------------------------------------------------------- DG-08-604 19,460E 9.0 62.0 53.0 1.44 1.17 Lower Pillow (West Pit) Flow --------------------------------------------------------- Inc. 10.0 11.0 1.0 21.10 20.00 --------------------------------------------------------- Inc. 56.0 56.5 0.5 46.90 20.00 ---------------------------------------------------------------------------- DG-08-604A 19,460E 33.0 40.0 7.0 1.61 1.61 (West Pit) --------------------------------------------------------- 105.0 113.0 8.0 1.65 1.65 --------------------------------------------------------- 148.0 169.0 21.0 0.94 0.94 --------------------------------------------------------- 186.0 199.0 13.0 1.42 1.42 ---------------------------------------------------------------------------- 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. |