|
07:16 AM EDT, 09/16/2016 (MT Newswires) -- Detour Gold Corporation (DGC.TO) detailed the staking of 3,105 mining claims (two groups of contiguous claims) totaling 494 square kilometres comprising its new Burntbush project in the District of Cochrane in northeastern Ontario, approximately 115 kilometres northeast of the Town of Cochrane and 70 kilometres south of its flagship Detour Lake mine. The West claim group can be accessed via a forestry road from highway 652 (Detour Lake Mine Road).
The Burntbush East and West properties are strategically located along the Casa Berardi deformation zone in the Abitibi Greenstone Belt, approximately 35 and 75 kilometres respectively, west of the Casa Berardi gold mine operated by Hecla Mining Company, which has produced approximately 1.9 million ounces of gold since it commenced production in 1988.
Jean-Francois Metail, VP Mineral Resource Management, said: "The Burntbush properties represent an important opportunity for Detour Gold's future organic growth, one that complements our strong base in Detour Lake. Our recent exploration success on the Lower Detour trend have prompted us to look at similar and favorable geological settings in the vicinity. We are fortunate to have identified an extensive prospective land position that was open for staking along the western end of the Casa Berardi fault, which remains underexplored with relatively no drilling along the secondary splays and untested gaps along the main structure."
Price: 27.61, Change: -0.32, Percent Change: -1.15
|
