ex PM of Canada is new CFOTORO
NTO, ONTARIO, Sep 24, 2008 (MARKET WIRE via COMTEX News Network) -- Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") is pleased to announce the appointment of Paul Martin as Chief Financial Officer of the Company effective September 22, 2008.
In making this announcement, President and Chief Executive Officer Gerald Panneton said: "We are extremely delighted to have attracted management of Paul's caliber to join our growing Detour Gold team. Paul's operating experience and abilities, especially in the negotiation of project finance facilities for mining companies, will be very valuable to us as we advance towards the development of the Detour Lake gold project."
Mr. Martin has nearly 25 years of finance experience, mainly in the mining industry. His career started as a Chartered Accountant and advanced progressively with more senior finance positions in both precious metals and base metals mining and development companies. Prior to joining Detour Gold, he was Chief Financial Officer for New Gold Inc. and for Gabriel Resources Ltd., and Vice President Corporate Finance for TVX Gold Inc.
Mr. Erik Martin will remain Corporate Secretary and financial consultant to the Company.
Detour Gold's main focus is the exploration and development of its Detour Lake gold project located in northern Ontario. To date, the Company has outlined a measured and indicated resource of 10.8 million ounces (242.9 million tonnes grading 1.38 g/t gold) and an inferred resource of 2.4 million ounces (63.9 million tonnes grading 1.19 g/t gold). The Company is currently completing a feasibility study on the project to determine the potential economics and capital requirements of developing the project into a bulk mining open pit operation.