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Message: Detour Gold Reports Wide Gold Intersections Outside of Proposed Open Pit...

Detour Gold Reports Wide Gold Intersections Outside of Proposed Open Pit...

posted on Jan 13, 2010 08:07AM

Detour Gold Corporation

TSX: DGC

Jan 13, 2010 08:00 ET

Detour Gold Reports Wide Gold Intersections Outside of Proposed Open Pit at Detour Lake Project in Ontario

(4.27 g/t/ 68 m & 6.85 g/t/ 41 m in Calcite area)

<!-- <h2> <p>(4.27 g/t/ 68 m & 6.85 g/t/ 41 m in Calcite area)</p> </h2> -->

TORONTO, ONTARIO--(Marketwire - Jan. 13, 2010) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports assay results for an additional 40 holes totaling 18,052 metres (including 4 holes abandoned for 728 metres) from its 2009 infill diamond drilling program at the Detour Lake project in northern Ontario. The Company has now reported 86,395 metres (203 holes) from its 2009 program that totaled 101,074 metres of drilling (241 holes). Detour Gold has completed 332,178 metres of drilling on the Detour Lake deposit since its acquisition in January 2007.

The Company plans to incorporate approximately 325,403 metres of drilling by Detour Gold into the feasibility study expected to be completed in the second quarter of 2010. This represents an additional 76,795 metres (from the pre-feasibility study) to be included in the mineral reserve estimate.

In the Calcite Zone, results from 24 infill holes completed from section 18,020E to 18,580E continued to show good continuity of the gold mineralization with several wide intercepts outside the proposed open pit (at US$775/oz). Of significance, holes DG-09-773B and DG-09-783 on section 18,340E intersected 4.27 g/t (uncut) or 2.13 g/t (cut) over 68 metres and 1.42 g/t (uncut) or 1.26 g/t (cut) over 68 metres, respectively; and DG-09-781A on section 18,260E intersected 1.57 g/t (uncut) or 1.34 g/t (cut) over 66.7 metres.

To the west of the former open pit area (from sections 18,660E and 19,120E, i.e. Gap Zone), results from 10 infill holes (including five (5) previous holes that were extended) confirmed continuity of the gold mineralization. Of significance, on section 18,840E, DG-07-013 intersected 4.81 g/t (uncut) or 3.08 g/t (cut) over 21 metres and DG-07-091 intersected 5.27 g/t (uncut) or 3.81 g/t (cut) over 12 metres and 4.91 g/t (uncut) or 4.18 g/t (cut) over 24 metres.

In the West Pit area, results from six (6) infill holes (including one extended hole) from sections 19,280E to 19,660E confirmed continuity of the gold mineralization where predicted. Hole DG-09-780 encountered 1.47 g/t over 35 metres.

Significant mineralized (uncut) intervals encountered are shown below.


Calcite Zone
DG-07-266 (Extension) DG-08-316 (Extension) DG-09-761 DG-09-765
3.17 g/t over 21.0 m 8.30 g/t over 7.0 m 1.87 g/t over 40.5 m 5.79 g/t over 19.0 m
6.85 g/t over 41.0 m
DG-09-767 DG-09-768 DG-09-769 DG-09-770
1.94 g/t over 29.0 m 2.13 g/t over 34.0 m 3.03 g/t over 24.0 m 10.30 g/t over 11.0 m
1.93 g/t over 30.0 m 4.01 g/t over 42.0 m 1.79 g/t over 40.0 m
DG-09-771 DG-09-772 DG-09-773B DG-09-774
7.07 g/t over 17.0 m 1.70 g/t over 45.0 m 4.27 g/t over 68.0 m
1.84 g/t over 33.0 m
2.50 g/t over 34.0 m
DG-09-776 DG-09-781A DG-09-783 DG-09-786
2.06 g/t over 26.0 m 4.26 g/t over 13.0 m 2.93 g/t over 26.0 m 3.38 g/t over 22.0 m
3.76 g/t over 16.0 m 1.57 g/t over 66.7 m 1.42 g/t over 68.0 m
6.06 g/t over 24.0 m
Gap Zone West Pit
DG-07-013 (Extension) DG-07-091 (Extension) DG-07-116 (Extension) DG-09-780
4.81 g/t over 21.0 m 5.27 g/t over 12.0 m 7.72 g/t over 7.0 m 1.47 g/t over 35.0 m
4.91 g/t over 24.0 m

The drilling campaign of 60,000 metres planned for 2010 started in early January with six drill rigs on site. This drilling will focus west of the proposed open pit, between 17,000E and 18,000E, on an 80 metre by 80 metre spacing and approximately 15,000 metres to complete the 40 metre by 40 metre drill spacing up to section 18,000E (west end of the proposed open pit).

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 delineation 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. Samples are now prepared at both SGS Minerals Services in Sudbury and Don Mills, Ontario, Canada and assayed in their laboratory at Don Mills. 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 press release dated April 11, 2007.

Forward-Looking Information
This press release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this press release contains forward-looking statements regarding the completion of the feasibility study. 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 2008 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 Project; the supply and demand for, and the level and volatility of the price of, gold; the accuracy of mineral reserve and resource estimates and the assumptions on which the mineral reserve and resource estimates are based; market competition; ongoing relations with employees and local 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-07-013 18,840E Hole extended from 328.0 to 346.4 m.
(Gap Zone) 320.0 341.0 21.0 4.81 3.08 Lower Massive Flow
Inc. 331.5 332.0 0.5 77.64 20.00
Inc. 338.0 339.0 1.0 27.45 20.00
DG-07-013A 18,840E Wedged at 296.5 m.
(Gap Zone) 327.0 347.0 20.0 1.25 1.25
DG-07-091 18,840E Hole extended from 420.0 to 542.6 m.
(Gap Zone) 452.0 464.0 12.0 5.27 3.81 Lower Massive Flow
Inc. 461.1 461.6 0.5 45.31 20.00
Inc. 461.6 462.1 0.5 29.77 20.00
477.0 501.0 24.0 4.91 4.18 Contact MF/SLDZ
Inc. 494.0 495.0 1.0 20.49 20.00
Inc. 495.0 496.0 1.0 36.62 20.00
Inc. 497.0 498.0 1.0 20.65 20.00
DG-07-116 18,660E Hole extended from 528.0 to 731.5 m.
(Gap Zone) 578.0 585.0 7.0 1.77 1.77
598.0 605.0 7.0 7.72 2.99 Lower Massive Flow
Inc. 598.0 599.0 1.0 53.14 20.00
615.0 622.0 7.0 4.28 3.87 Lower Massive Flow
Inc. 616.0 617.0 1.0 22.90 20.00
DG-07-190 18,840E Hole extended from 492.0 to 631.0 m.
(Gap Zone) 500.0 507.0 7.0 2.16 2.16
DG-07-231 18,840E Hole extended from 618.0 to 699.5 m.
(Gap Zone) 614.0 621.0 7.0 1.30 1.30
630.8 638.0 7.2 1.21 1.21
DG-07-266 18,460E Hole extended from 462.5 to 537.0 m.
(Calcite Zone) 445.0 466.0 21.0 3.17 2.80 Contact MF/CMH
Inc. 456.4 456.9 0.5 35.80 20.00
DG-08-316 18,180E Hole extended from 435.0 to 696.0 m.
(Calcite Zone) 663.0 670.0 7.0 8.30 8.26 CMH
Inc. 664.0 664.5 0.5 20.55 20.00
DG-08-587 19,480E Hole extended from 192.0 to 321.0 m.
(West Pit) 228.0 238.0 10.0 1.41 1.41
288.0 300.0 12.0 2.18 2.18 SLDZ
DG-09-761 18,380E 198.0 212.0 14.0 0.92 0.92
(Calcite Zone) 283.0 296.0 13.0 1.38 1.38
327.0 334.0 7.0 1.64 1.64
395.0 435.5 40.5 1.87 1.34 Lower Pillow Flow
Inc. 428.0 428.5 0.5 62.43 20.00
468.0 477.0 9.0 2.28 2.28
494.0 501.0 7.0 2.34 2.34
515.5 523.0 7.5 3.03 3.03
534.0 542.0 8.0 1.17 1.17
DG-09-762 19,080E 68.0 75.0 7.0 1.64 1.64
(Gap Zone) 153.0 165.0 12.0 1.25 1.25
211.0 250.0 39.0 1.19 1.19 Contact MF/PF
323.0 330.0 7.0 1.62 1.62
DG-09-763 18,140E 133.0 154.0 21.0 0.69 0.69
(Calcite Zone) 177.0 185.0 8.0 1.65 1.47
Inc. 177.0 177.5 0.5 22.94 20.00
260.0 275.0 15.0 1.21 1.21
298.0 310.0 12.0 2.06 2.04
Inc. 303.5 304.0 0.5 20.61 20.00
440.0 455.0 15.0 1.19 1.19
464.0 471.5 7.5 1.26 1.26
518.9 533.0 14.1 1.38 1.38
DG-09-764 18,060E 69.0 79.0 10.0 0.91 0.91
(Calcite Zone) 250.0 268.0 18.0 2.21 2.21
371.0 415.0 44.0 1.11 1.11
DG-09-765 18,100E 325.0 335.0 10.0 2.62 2.62 Lower Pillow Flow
(Calcite Zone) 398.0 413.0 15.0 1.63 1.63
422.0 443.0 21.0 1.27 1.27 Contact MF/PF
743.0 762.0 19.0 5.79 3.63 Lower Massive Flow
Inc. 743.0 744.0 1.0 21.17 20.00
Inc. 754.0 755.0 1.0 60.02 20.00
773.0 814.0 41.0 6.85 3.33 Lower Massive Flow
Inc. 779.2 779.7 0.5 122.20 20.00
Inc. 779.7 780.5 0.8 32.13 20.00
Inc. 797.0 798.0 1.0 23.09 20.00
Inc. 800.0 801.0 1.0 20.74 20.00
Inc. 801.0 802.0 1.0 99.71 20.00
DG-09-766 19,280E 228.0 235.0 7.0 1.86 1.86
(West Pit) 448.0 457.0 9.0 1.93 1.93
553.0 564.0 11.0 1.31 1.31
DG-09-767 18,380E 331.0 353.0 22.0 1.20 1.20 Upper Pillow Flow
(Calcite Zone) 439.0 468.0 29.0 1.94 1.94 Contact PF/MF
Inc. 462.0 463.0 1.0 20.18 20.00
478.0 508.0 30.0 1.93 1.93 Lower Pillow Flow
519.0 530.0 11.0 2.32 2.32 Lower Pillow Flow
573.0 583.0 10.0 1.28 1.28
DG-09-768 18,100E 82.0 116.0 34.0 2.13 1.76 Upper Pillow Flow
(Calcite Zone) Inc. 95.0 96.0 1.0 32.42 20.00
125.5 133.0 7.5 1.23 1.23
157.0 166.0 9.0 1.68 1.68
277.0 296.0 19.0 1.15 1.15
DG-09-769 18,340E 210.0 231.0 21.0 0.89 0.89
(Calcite Zone) 288.0 305.0 17.0 1.76 1.76 Upper Massive Flow
418.0 429.0 11.0 1.13 1.12
Inc. 418.0 418.5 0.5 20.10 20.00
488.0 498.0 10.0 3.21 3.21 Lower Massive Flow
539.0 563.0 24.0 3.03 1.77 Lower Massive Flow
Inc. 551.0 552.0 1.0 50.24 20.00
646.0 653.0 7.0 1.79 1.79
753.0 795.0 42.0 4.01 2.79 Lower Massive Flow
Inc. 753.0 754.0 1.0 40.51 20.00
Inc. 766.0 767.0 1.0 27.99 20.00
Inc. 789.8 790.4 0.6 51.88 20.00
Inc. 794.0 795.0 1.0 23.60 20.00
DG-09-770 18,260E 246.0 255.0 9.0 1.17 1.17
(Calcite Zone) 338.0 345.0 7.0 1.35 1.35
375.0 386.0 11.0 2.27 2.27
440.0 447.0 7.0 1.16 1.16
462.0 473.0 11.0 1.53 1.53
504.0 530.0 26.0 1.63 1.63 Lower Massive Flow
571.0 578.0 7.0 1.83 1.83
697.0 711.0 14.0 1.17 1.17
722.0 733.0 11.0 10.30 6.10 Lower Massive Flow
Inc. 730.0 731.0 1.0 26.47 20.00
Inc. 731.0 732.0 1.0 59.57 20.00
Inc. 732.0 733.0 1.0 20.13 20.00
767.0 807.0 40.0 1.79 1.56 Lower Massive Flow
Inc. 775.0 776.0 1.0 28.91 20.00
819.0 832.0 13.0 3.28 3.07 SLDZ
Inc. 819.0 819.5 0.5 25.37 20.00
DG-09-771 18,060E 88.0 99.0 11.0 0.97 0.97
(Calcite Zone) 109.0 117.0 8.0 1.27 1.27
130.0 161.0 31.0 1.03 1.03 Upper Pillow Flow
185.0 200.0 15.0 1.33 1.33
229.0 237.0 8.0 1.15 1.15
304.0 313.0 9.0 1.58 1.58
344.0 351.0 7.0 1.32 1.32
437.0 447.0 10.0 1.23 1.23
509.0 525.0 16.0 0.85 0.85
538.0 555.0 17.0 7.07 4.64 Lower Massive Flow
Inc. 542.0 543.0 1.0 57.22 20.00
Inc. 553.0 554.0 1.0 24.05 20.00
DG-09-772 18,180E 126.0 146.0 20.0 0.85 0.85
(Calcite Zone) 363.0 408.0 45.0 1.70 1.44 Lower Pillow Flow
Inc. 398.9 399.4 0.5 42.91 20.00
420.0 428.0 8.0 1.51 1.51
590.0 597.0 7.0 3.57 1.47 Lower Massive Flow
Inc. 592.0 592.5 0.5 49.42 20.00
DG-09-773 18,340E Hole abandoned at 168m.
(Calcite Zone)
DG-09-773A 18,340E Wedged at 154.6 m and abandoned at 333.0 m.
(Calcite Zone) 248.0 255.0 7.0 2.04 2.04
268.0 275.0 7.0 1.86 1.86
326.0 333.0 7.0 1.19 1.19
DG-09-773B 18,340E 309.0 316.0 7.0 1.61 1.61
(Calcite Zone) 365.0 375.0 10.0 2.59 2.59 Upper Massive Flow
384.0 452.0 68.0 4.27 2.13 Lower Pillow Flow
Inc. 411.0 411.5 0.5 33.98 20.00
Inc. 415.0 415.5 0.5 63.72 20.00
Inc. 426.5 427.0 0.5 114.48 20.00
Inc. 432.0 433.0 1.0 84.00 20.00
Inc. 447.0 448.0 1.0 25.60 20.00
464.0 497.0 33.0 1.84 1.84 Lower Massive Flow
535.0 545.0 10.0 1.39 1.39
561.0 568.0 7.0 4.13 1.97 Lower Massive Flow
Inc. 567.0 567.5 0.5 50.20 20.00
DG-09-774 18,020E 85.0 95.0 10.0 0.88 0.88
(Calcite Zone) 111.0 119.0 8.0 1.17 1.17
155.0 165.0 10.0 1.41 1.41
240.0 247.0 7.0 1.48 1.48
282.0 289.0 7.0 1.67 1.67
365.0 380.0 15.0 1.18 1.18
504.0 538.0 34.0 2.50 1.89 Contact MF/CMH
Inc. 515.0 515.5 0.5 61.29 20.00
DG-09-775 18,300E 252.0 264.0 12.0 2.11 2.11 Upper Pillow Flow
(Calcite Zone) 330.0 343.0 13.0 3.38 3.28 Upper Massive Flow
Inc. 342.0 343.0 1.0 21.28 20.00
360.0 367.0 7.0 1.67 1.67
405.0 416.0 11.0 2.92 2.74 Lower Pillow Flow
Inc. 413.0 414.0 1.0 22.04 20.00
501.0 513.0 12.0 1.59 1.59
573.0 580.0 7.0 1.48 1.48
684.0 701.0 17.0 1.29 1.29
DG-09-776 18,260E 283.0 290.0 7.0 1.35 1.35
(Calcite Zone) 350.0 376.0 26.0 2.06 2.06 Upper Massive Flow
399.0 415.0 16.0 3.76 3.01 Upper Massive Flow
Inc. 404.0 405.0 1.0 29.52 20.00
Inc. 414.5 415.0 0.5 24.75 20.00
473.0 482.0 9.0 1.52 1.52
506.0 530.0 24.0 6.06 3.02 Lower MF/Lower PF
Inc. 506.0 507.0 1.0 39.32 20.00
Inc. 521.5 522.0 0.5 123.18 20.00
Inc. 524.0 524.5 0.5 23.84 20.00
548.0 555.0 7.0 1.53 1.53
DG-09-777 19,660E 233.0 243.0 10.0 1.11 1.11
(West Pit) 346.5 358.0 11.5 0.97 0.97
DG-09-778 18,540E 331.0 347.0 16.0 0.81 0.81
(Calcite Zone) 383.0 393.0 10.0 1.17 1.17
583.0 593.0 10.0 3.02 3.02 Lower Pillow Flow
DG-09-779 19,120E 169.0 176.0 7.0 1.16 1.16
(Gap Zone) 262.0 280.0 18.0 1.07 1.07
DG-09-780 19,580E 243.0 250.0 7.0 1.16 1.16
(West Pit) 264.0 299.0 35.0 1.47 1.47 Lower PF/Upper MF
DG-09-781 18,260E Abandoned at 48.5 m.
(Calcite Zone)
DG-09-781A 18,260E 404.0 417.0 13.0 4.26 4.26 Upper Massive Flow
430.0 454.0 24.0 1.48 1.48 Upper Massive Flow
472.0 479.0 7.0 4.44 3.22 Lower Pillow Flow
Inc. 472.0 473.0 1.0 28.55 20.00
496.0 562.7 66.7 1.57 1.34 Lower Pillow Flow
Inc. 561.0 562.0 1.0 35.58 20.00
573.0 581.5 8.5 2.43 2.43
591.0 598.0 7.0 1.92 1.92
DG-09-782 18,860E 130.0 144.0 14.0 2.01 2.01
Inc. 130.0 131.0 1.0 20.03 20.00
(Gap Zone) 172.0 179.0 7.0 1.79 1.79
212.0 223.0 11.0 3.62 3.36 Lower Pillow Flow
Inc. 212.0 213.0 1.0 22.87 20.00
247.1 268.0 20.9 1.73 1.73 Lower Pillow Flow
281.0 294.0 13.0 1.21 1.21
328.5 337.0 8.5 2.85 2.46
Inc. 336.0 337.0 1.0 23.30 20.00
528.0 552.0 24.0 1.99 1.40 Contact CMH/MF
545.3 545.8 0.5 48.37 20.00
DG-09-783 18,340E 326.0 336.0 10.0 4.58 3.00 Upper Pillow Flow
(Calcite Zone) Inc. 326.0 327.0 1.0 35.75 20.00
395.0 402.0 7.0 2.35 2.35
466.0 473.0 7.0 1.20 1.20
491.0 517.0 26.0 2.93 1.81 Lower Pillow Flow
Inc. 516.0 516.5 0.5 35.41 20.00
Inc. 516.5 517.0 0.5 62.69 20.00
540.0 608.0 68.0 1.42 1.26 Lower Pillow Flow
Inc. 559.5 560.0 0.5 42.96 20.00
636.0 643.0 7.0 4.74 3.23 Lower Pillow Flow
Inc. 638.5 639.0 0.5 29.67 20.00
Inc. 641.5 642.0 0.5 31.69 20.00
DG-09-784 18,580E 330.0 337.0 7.0 1.26 1.26
(Calcite Zone) 393.0 413.0 20.0 0.96 0.96
423.4 434.0 10.6 1.19 1.19
DG-09-785 19,660E Abandoned at 333.0 m. Hit UG working.
(West Pit)
DG-09-785A 19,660E Wedged at 293.5 m. Hit UG workings at 330.4 m.
(West Pit)
DG-09-786 18,180E 289.0 296.5 7.5 4.19 2.61 Upper Massive Flow
(Calcite Zone) Inc. 296.0 296.5 0.5 43.81 20.00
323.0 335.0 12.0 0.70 0.70
364.0 376.0 12.0 3.73 3.73 Upper Massive Flow
428.0 450.0 22.0 3.38 2.33 Lower Pillow Flow
Inc. 443.5 444.0 0.5 66.07 20.00
551.0 558.0 7.0 1.88 1.88
Inc. 556.0 556.5 0.5 20.10 20.00
DG-09-787 18,960E 27.0 46.0 19.0 2.14 1.48 Upper Pillow Flow
(Gap Zone) Inc. 27.0 27.5 0.5 45.06 20.00
103.0 112.0 9.0 0.97 0.97
189.0 202.0 13.0 0.83 0.83
259.0 266.0 7.0 3.43 3.16
Inc. 260.0 261.0 1.0 21.86 20.00
388.0 413.0 25.0 1.15 1.15 Lower Pillow Flow
425.0 442.5 17.5 2.08 2.01 Lower Massive Flow
Inc. 441.9 442.5 0.6 21.92 20.00

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.

For more information, please contact

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, North Tower
200 Bay Street, Suite 2040
Toronto, Ontario M5J 2J1
www.detourgold.com
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