TORONTO, ONTARIO--(Marketwire - March 11, 2008) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report the drill results of 30 holes from its Phase II drilling program at the Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 223 holes totaling 84,886 metres (including 15 holes abandoned for 1,290 metres) from the planned 120,000 metre program. The Company has now reported 102 holes totaling 32,772 metres (including 10 holes abandoned for 830 metres). There are six (6) active drill rigs on site, four of which are on the Phase II program and two on the exploration program.
Five (5) of the seven (7) holes drilled in the Calcite Zone intersected significant mineralization with some intercepts outside the boundaries of the current US$575 and US$700 pit shells. The Company has intersected gold mineralization (VG) up to section 17,900E, approximately 160 metres west from today's reported hole DG-07-209. Near-surface gold mineralization was intersected up to section 17,600E (an additional 300 metres west) by Placer Dome during the late 90s when they were drilling the QK zone from both the surface and underground. The QK mineralized zone is mainly defined between sections 16,160E and 17,160E from the 560 metre level drift.
West Pit area drilling with 15 new holes (including three abandoned) intersected gold mineralization in the core and outside of the known 200 metre wide mineralized corridor. Good results were obtained from the four (4) holes testing the core of the mineralized corridor and the three (3) holes testing the CMH and footwall mineralization. In the Gap Zone area, results from all eight (8) drill holes showed good continuity of the mineralized corridor both at depth and along strike.
The best mineralized (uncut) intervals encountered are shown below.
West Pit:
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DG-07-201 DG-07-202 DG-07-230
--------- --------- ---------
7.01 g/t over 3.47 g/t over 2.59 g/t over
21.0 m 29.0 m 23.0 m
Gap Zone:
----------------------------------------------------------------
DG-07-190 DG-07193 DG-07-204 DG-07-210
--------- --------- --------- ---------
2.98 g/t over 19.33 g/t over 1.60 g/t over 2.96 g/t over
27.0 m 8.0 m 42.2 m 24.0 m
4.33 g/t over 16.37 g/t over 8.08 g/t over
13.6 m 7.0 m 14.0 m
10.03 g/t over DG-07-213
14.8 m ---------
4.06 g/t over
24.0 m
Calcite Zone:
----------------------------------------------------------------
DG-07-203 DG-07-209 DG-07-219
--------- --------- ---------
4.68 g/t over 1.24 g/t over 2.81 g/t over
15.0 m 44.0 m 20.0 m
Exploration drilling, outside of the deposit area, is progressing well with two (2) drill rigs that have completed 5,965 metres in 21 holes along a six kilometre strike length east of the deposit, and 2,068 metres in 12 holes on the North Walter Lake target area.
The 2007-08 Phase II program (120,000 metres) is expected to be completed in the second quarter of 2008. The Company plans to release a mineral resource update by mid-2008, which would include Phase I and Phase II drill results received as of early June 2008. Drill results announced to date are expected to increase the current open pit resource base of 4.8 million ounces in the measured and indicated categories (1.22 M oz in measured and 3.61 M oz in indicated) and 3.0 million ounces in the inferred category, using a gold price of US$575/oz (equivalent to a cut-off grade of 0.64 g/t gold and capped at 20 g/t gold).
Complete tables of results, surface and longitudinal plans and cross-sections for the Detour Lake deposit are posted on the Company's website
https://www.detourgold.com/dgc/DetourLake.asp or
https://www.detourgold.com/dgc/LatestDrillResults.asp on the home page "Explore Detour Lake".
Detour Gold's exploration 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. The December 2007 mineral resource was prepared by Thon Consulting and audited by Michael W. Kociumbas, P.Geo., Vice-President of Watts, Griffis and McOuat Limited. Details on the current mineral resource are available in the January 2008 Technical Report, which is posted on the Company's website or on SEDAR (
www.sedar.com).
Samples are prepared and assayed at SGS Minerals Services in Don Mills, Ontario, Canada. Analysis for gold is done on sawn half core samples using fire assay (AA finish). Samples with higher grade gold (greater than 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, refer to the press release dated April 11, 2007.
Forward-Looking Information
Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as "intends" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information includes statements regarding the Company's exploration plans with respect to the Property and the estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations and other risks involved in the gold exploration and development industry as well as those risk factors discussed under "Risk Factors" in the Company's final prospectus dated January 22, 2007 available at
www.sedar.com. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Detour Gold. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
Information Concerning Estimates of Mineral Resources
This news release uses the terms 'measured', 'indicated' and 'inferred' resources. Detour Gold advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
Detour Lake Project - Highlights of Drill Results
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Au
Cut
Au to 20
Section From To Length Uncut g/t Host
Hole No. No. (m) (m) (m) (g/t) (g/t) Rock Unit
---------------------------------------------------------------------------
DG-07-190 18,840E 46.0 87.0 41.0 1.02 1.02 Pillow flow
(Gap Zone) -------------------------------------------------------
116.0 125.0 9.0 1.04 1.04
-------------------------------------------------------
167.0 174.0 7.0 1.87 1.87
-------------------------------------------------------
216.0 223.0 7.0 0.87 0.87
-------------------------------------------------------
251.0 278.0 27.0 2.98 1.93 Pillow Flow
-------------------------------------------------------
Inc. 272.0 273.0 1.0 48.20 20.00
-------------------------------------------------------
303.0 316.6 13.6 4.33 4.25 Pillow Flow
-------------------------------------------------------
Inc. 303.0 304.0 1.0 20.80 20.00
-------------------------------------------------------
Inc. 305.0 306.0 1.0 20.20 20.00
-------------------------------------------------------
Inc. 316.1 316.6 0.5 20.21 20.00
-------------------------------------------------------
325.0 365.0 40.0 1.21 0.98 Lower Pillow
Flow
-------------------------------------------------------
Inc. 347.0 348.0 1.0 29.23 20.00
-------------------------------------------------------
388.0 394.0 6.0 1.40 1.40
-------------------------------------------------------
409.0 428.0 19.0 1.45 1.45 Lower Pillow
Flow
---------------------------------------------------------------------------
DG-07-193 18,620E 101.0 109.0 8.0 1.12 1.12
(Gap Zone) -------------------------------------------------------
137.0 146.0 9.0 2.72 1.43
-------------------------------------------------------
Inc. 141.0 141.5 0.5 43.33 20.00
-------------------------------------------------------
230.0 243.0 13.0 2.57 2.42 Massive Flow
-------------------------------------------------------
Inc. 234.0 235.0 1.0 22.00 20.00
-------------------------------------------------------
253.0 264.0 11.0 1.27 1.27
-------------------------------------------------------
359.0 367.0 8.0 19.33 2.83 Massive
Pillow Flow
-------------------------------------------------------
Inc. 366.0 367.0 1.0 152.00 20.00
-------------------------------------------------------
383.0 408.0 25.0 1.21 1.21 Lower Pillow
Flow
-------------------------------------------------------
421.0 428.0 7.0 16.37 2.32 Lower Pillow
Flow
-------------------------------------------------------
Inc. 422.0 422.5 0.5 216.76 20.00
---------------------------------------------------------------------------
DG-07-194 19,920E 134.0 141.0 7.0 1.02 1.02
(West Pit)
---------------------------------------------------------------------------
DG-07-196 19,800E No significant results
(West Pit)
---------------------------------------------------------------------------
DG-07-197 18,800E 13.5 31.0 17.5 0.94 0.94
(Gap Zone) -------------------------------------------------------
102.0 112.0 10.0 0.68 0.68
-------------------------------------------------------
127.0 134.0 7.0 1.32 1.32
-------------------------------------------------------
211.0 218.0 7.0 1.13 1.13
-------------------------------------------------------
229.0 238.0 9.0 1.47 1.47
-------------------------------------------------------
254.0 272.0 18.0 0.65 0.65
-------------------------------------------------------
296.0 306.0 10.0 1.14 1.14
-------------------------------------------------------
319.0 328.0 9.0 1.31 1.31
-------------------------------------------------------
340.0 347.0 7.0 5.33 1.79 Massive Flow
-------------------------------------------------------
Inc. 344.5 345.0 0.5 69.67 20.00
-------------------------------------------------------
366.0 375.0 9.0 0.84 0.84
-------------------------------------------------------
389.0 397.0 8.0 1.21 1.21
-------------------------------------------------------
413.0 420.0 7.0 5.76 5.43 Lower Pillow
Flow
-------------------------------------------------------
Inc. 415.0 416.0 1.0 22.33 20.00
-------------------------------------------------------
608.0 623.0 15.0 0.74 0.74
---------------------------------------------------------------------------
DG-07-198 18,580E 94.0 101.0 7.0 1.54 1.54
(Calcite -------------------------------------------------------
Zone) 171.0 178.0 7.0 1.34 1.34
-------------------------------------------------------
245.0 252.0 7.0 0.82 0.82
-------------------------------------------------------
265.4 273.0 7.6 1.19 1.19
-------------------------------------------------------
311.0 326.0 15.0 1.34 1.34
-------------------------------------------------------
422.0 434.0 12.0 2.63 2.53 PF/MF contact
-------------------------------------------------------
Inc. 429.0 429.5 0.5 22.30 20.00
-------------------------------------------------------
458.0 465.0 7.0 1.64 1.47
-------------------------------------------------------
Inc. 459.5 460.0 0.5 22.47 20.00
---------------------------------------------------------------------------
DG-07-199 19,840E 145.0 152.0 7.0 0.77 0.77
(West Pit)
---------------------------------------------------------------------------
DG-07-199A 19,840E No significant results, abandoned at 207.5 m
(West Pit)
---------------------------------------------------------------------------
DG-07-200 18,140E 74.0 81.0 7.0 2.84 2.35
(Calcite -------------------------------------------------------
Zone) Inc. 79.3 79.8 0.5 26.92 20.00
-------------------------------------------------------
119.0 131.5 12.5 0.69 0.69
-------------------------------------------------------
209.0 226.0 17.0 1.70 1.70 Massive Flow
---------------------------------------------------------------------------
DG-07-201 19,880E 327.0 334.0 7.0 1.10 1.10
(West Pit) -------------------------------------------------------
352.0 361.0 9.0 1.34 1.34
-------------------------------------------------------
379.0 388.0 9.0 1.63 1.63
-------------------------------------------------------
398.0 419.0 21.0 7.01 2.98 Talc schist
(SLDZ)
-------------------------------------------------------
Inc. 407.0 408.0 1.0 33.00 20.00
-------------------------------------------------------
Inc. 414.0 415.0 1.0 91.50 20.00
-------------------------------------------------------
476.0 483.0 7.0 2.20 2.20
---------------------------------------------------------------------------
DG-07-202 19,740E 171.0 200.0 29.0 3.47 1.24 Massive Flow
(West Pit) -------------------------------------------------------
Inc. 177.3 177.8 0.5 132.77 20.00
-------------------------------------------------------
Inc. 180.0 180.5 0.5 36.74 20.00
-------------------------------------------------------
229.0 261.0 32.0 1.28 1.10 Lower Massive
Flow
-------------------------------------------------------
Inc. 249.0 250.0 1.0 25.80 20.00
---------------------------------------------------------------------------
DG-07-203 18,100E 73.0 96.0 23.0 0.80 0.80
(Calcite -------------------------------------------------------
Zone) 107.0 117.0 10.0 1.26 1.26
-------------------------------------------------------
125.0 140.0 15.0 4.68 1.27 Massive Flow
-------------------------------------------------------
Inc. 139.0 139.5 0.5 122.44 20.00
-------------------------------------------------------
237.0 244.0 7.0 1.19 1.19
-------------------------------------------------------
417.0 429.0 12.0 1.22 1.22
---------------------------------------------------------------------------
DG-07-204 18,700E 31.0 38.0 7.0 2.72 1.47
(Gap Zone) -------------------------------------------------------
Inc. 32.3 32.8 0.5 37.45 20.00
-------------------------------------------------------
51.0 61.0 10.0 3.11 2.13 Upper Pillow
Flow
-------------------------------------------------------
Inc. 55.7 56.2 0.5 39.52 20.00
-------------------------------------------------------
94.0 102.0 8.0 0.84 0.84
-------------------------------------------------------
115.0 122.2 7.2 1.93 1.93
-------------------------------------------------------
177.8 220.0 42.2 1.60 1.43 Pillow Flow
-------------------------------------------------------
Inc. 209.0 210.0 1.0 27.41 20.00
-------------------------------------------------------
300.0 307.0 7.0 6.64 4.67 Pillow Flow
-------------------------------------------------------
Inc. 302.0 303.0 1.0 33.80 20.00
-------------------------------------------------------
317.0 324.0 7.0 2.08 2.08
-------------------------------------------------------
334.0 348.0 14.0 8.08 4.92 Lower Pillow
Flow
-------------------------------------------------------
Inc. 347.0 348.0 1.0 64.20 20.00
-------------------------------------------------------
383.0 390.0 7.0 1.52 1.52
-------------------------------------------------------
440.2 455.0 14.8 10.03 1.67 Massive Flow
-------------------------------------------------------
Inc. 440.2 440.7 0.5 27.67 20.00
-------------------------------------------------------
Inc. 449.5 450.0 0.5 259.77 20.00
-------------------------------------------------------
496.0 503.0 7.0 1.13 1.13
---------------------------------------------------------------------------
DG-07-205 19,840E 33.0 47.0 14.0 0.75 0.75
(West Pit) -------------------------------------------------------
89.0 98.0 9.0 0.84 0.84
---------------------------------------------------------------------------
DG-07-206 18,760E 33.0 40.0 7.0 2.34 2.34
(Gap Zone) -------------------------------------------------------
103.0 112.5 9.5 0.71 0.71
-------------------------------------------------------
185.0 198.0 13.0 3.63 3.42 Pillow Flow
-------------------------------------------------------
Inc. 190.0 191.0 1.0 21.20 20.00
-------------------------------------------------------
Inc. 191.0 192.0 1.0 21.50 20.00
-------------------------------------------------------
238.0 245.0 7.0 2.21 2.21
-------------------------------------------------------
359.0 368.0 9.0 3.14 3.14 Lower Pillow
Flow
-------------------------------------------------------
384.0 391.0 7.0 1.11 1.11
-------------------------------------------------------
453.0 460.0 7.0 0.76 0.76
---------------------------------------------------------------------------
DG-07-207 19,800E No significant results
(West Pit)
---------------------------------------------------------------------------
DG-07-209 18,060E 107.0 114.0 7.0 1.17 1.17
(Calcite -------------------------------------------------------
Zone) 315.0 324.0 9.0 1.78 1.78
-------------------------------------------------------
340.0 384.0 44.0 1.24 1.24 Massive Flow
-------------------------------------------------------
395.0 402.0 7.0 5.07 5.07 CMH
---------------------------------------------------------------------------
DG-07-210 18,620E 160.0 176.0 16.0 0.74 0.74
(Gap Zone) -------------------------------------------------------
213.0 224.0 11.0 1.28 1.28
-------------------------------------------------------
258.0 282.0 24.0 2.96 1.35 Pillow Flow
-------------------------------------------------------
Inc. 276.0 276.5 0.5 96.96 20.00
-------------------------------------------------------
321.0 329.0 8.0 1.16 1.16
-------------------------------------------------------
365.0 372.0 7.0 2.87 2.87
-------------------------------------------------------
390.0 397.0 7.0 1.54 1.54
-------------------------------------------------------
453.0 479.0 26.0 1.64 1.64 Lower Pillow
Flow
-------------------------------------------------------
491.0 498.0 7.0 5.82 2.40 Massive Flow
-------------------------------------------------------
Inc. 496.4 497.0 0.6 59.98 20.00
---------------------------------------------------------------------------
DG-07-212 19,720E 59.0 66.0 7.0 2.32 2.32
(West Pit)
---------------------------------------------------------------------------
DG-07-213 19,040E 111.0 120.0 9.0 0.80 0.80
(Gap Zone) -------------------------------------------------------
155.0 163.0 8.0 1.20 1.20
-------------------------------------------------------
227.0 241.0 14.0 1.89 1.89 Lower Pillow
Flow
-------------------------------------------------------
270.0 294.0 24.0 4.06 2.70 PF/MF contact
-------------------------------------------------------
Inc. 277.0 278.0 1.0 32.00 20.00
-------------------------------------------------------
Inc. 286.2 286.7 0.5 61.21 20.00
-------------------------------------------------------
312.0 332.0 20.0 1.61 1.31 Massive Flow
-------------------------------------------------------
Inc. 324.0 324.5 0.5 32.01 20.00
-------------------------------------------------------
420.0 432.5 12.5 1.12 1.12
-------------------------------------------------------
460.0 467.0 7.0 2.62 2.62
---------------------------------------------------------------------------
DG-07-214 18,340E No significant results
(Calcite
Zone)
---------------------------------------------------------------------------
DG-07-215 19,660E Abandoned; not sampled
(West Pit)
---------------------------------------------------------------------------
DG-07-215A 19,660E 149.0 163.0 14.0 2.04 2.04 Talc schist
(West Pit) (SLDZ)
-------------------------------------------------------
246.0 253.0 7.0 1.78 1.78
---------------------------------------------------------------------------
DG-07-217 18,380E No significant results
(Calcite
Zone)
---------------------------------------------------------------------------
DG-07-218 19,760E No significant results
(West Pit)
---------------------------------------------------------------------------
DG-07-219 18,320E 28.0 35.0 7.0 1.12 1.12
(Calcite -------------------------------------------------------
Zone) 45.0 52.0 7.0 1.28 1.28
-------------------------------------------------------
94.0 114.0 20.0 2.81 2.81 Pillow Flow
-------------------------------------------------------
130.0 139.0 9.0 2.40 2.40
-------------------------------------------------------
228.0 235.0 7.0 1.39 1.39
-------------------------------------------------------
282.0 300.0 18.0 2.11 1.51 Mafic Flow
-------------------------------------------------------
Inc. 284.5 285.0 0.5 41.42 20.00
-------------------------------------------------------
331.0 338.0 7.0 1.02 1.02
---------------------------------------------------------------------------
DG-07-220 19,660E No significant results; intersected
(West Pit) stope at 101 m
---------------------------------------------------------------------------
DG-07-220A 19,660E 21.0 32.0 11.0 0.80 0.80
(West Pit) -------------------------------------------------------
113.0 121.0 8.0 0.91 0.91
-------------------------------------------------------
171.0 206.0 35.0 0.86 0.86 Lower Pillow
Flow
-------------------------------------------------------
217.0 224.0 7.0 1.08 1.08
-------------------------------------------------------
270.0 277.0 7.0 1.39 1.39
---------------------------------------------------------------------------
DG-07-222 18,960E 37.0 59.0 22.0 1.60 1.60 Pillow Flow
(Gap Zone) -------------------------------------------------------
188.0 195.0 7.0 1.74 1.63
-------------------------------------------------------
Inc. 188.5 189.0 0.5 21.45 20.00
-------------------------------------------------------
209.0 218.0 9.0 1.97 1.97
-------------------------------------------------------
247.0 254.0 7.0 1.10 1.10
---------------------------------------------------------------------------
DG-07-230 19,660E 108.0 115.0 7.0 2.42 2.42
(West Pit) -------------------------------------------------------
213.0 236.0 23.0 2.59 2.33 Lower Pillow
Flow
-------------------------------------------------------
Inc. 214.5 215.0 0.5 31.90 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.