Detour Gold and Moose Cree First Nation Commemorate Agreement and Establish Educ
posted on
Mar 07, 2011 10:01PM
Advancing North America's 4th Largest Gold Reserves Towards Development
Detour Gold Corporation TSX: DGC |
Moose Cree First Nation![]() |
TORONTO, ONTARIO--(Marketwire - March 7, 2011) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") and Moose Cree First Nation ("MCFN") commemorated today, at the Prospectors and Developers Association of Canada convention, the executed Agreement between the parties signed on January 21, 2011 for the Detour Lake project. Detour Gold and MCFN also announced the establishment of a Detour Gold-MCFN Educational Fund as part of the Agreement.
Detour Gold will contribute $1 million as an endowment to the Detour Gold-MCFN Educational Fund, which will be used to increase educational opportunities for the membership of the Moose Cree First Nation.
"The main objective of having agreements with corporations working within our Homeland is to establish a partnership that contributes to our business, employment and educational opportunities. Education of our youth is the basis for our future success as a First Nation," said Chief Norm Hardisty Jr.
Gerald Panneton, President and CEO of Detour Gold said, "One of the sustainable benefits of the Detour Lake project will be real opportunities for aboriginal youth to reach higher levels of education, which is a community goal for the MCFN. Through education and training, it will be possible for young aboriginal people to develop careers, both at the Detour Lake project and throughout the economy of northern Ontario."
About Detour Gold
Detour Gold is a Canadian gold exploration and development company whose primary focus is to advance the development of its flagship Detour Lake gold project located in northeastern Ontario towards production. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.
For more information, please contact
Detour Gold Corporation
Gerald Panneton
President and CEO
(416) 304.0800
or
Detour Gold Corporation
Derek Teevan
VP Government and Aboriginal Affairs
(416) 304.0800
or
Detour Gold Corporation
Royal Bank Plaza
South Tower, 200 Bay Street,
Suite 2200, Toronto, Ontario M5J 2J1
or
Moose Cree First Nation
Norm Hardisty Jr.
Chief
(705) 658.4619
or
Moose Cree First Nation
Ernest W. Rickard
Lead Negotiator
(705) 658.2847
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