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Executes Joint Venture Agreement With Trade Winds for Block A
posted on
Apr 14, 2009 04:41AM
April 14, 2009
Detour Gold Executes Joint Venture Agreement With Trade Winds for Block A Located West of Detour Lake, Ontario
TORONTO, ONTARIO--(Marketwire - April 14, 2009) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has executed a comprehensive Joint Venture Agreement with Trade Winds Ventures Inc. for the 50/50 joint venture on the Block A property located immediately west of the Detour Lake property.
The new agreement formalizes the operating relationship between the parties, which was previously governed by a binding Letter of Intent assigned to Detour Gold in January 2007.
About Detour Gold Corporation
Detour Gold is a Canadian gold exploration and development company whose focus is to advance the development of its Detour Lake gold project located in northeastern Ontario. Detour Gold is expected to complete a pre-feasibility study in the second quarter followed by a feasibility study in late 2009.