Detour Gold Corporation
TSX : DGC
|
February 05, 2009 08:30 ET
Detour Gold Obtains Excellent Results From Its Ongoing Drilling Program at Detour Lake in Ontario
(6.39 g/t / 80 m, 4.79 g/t / 54.0 m & 2.48 g/t / 100 m in West Pit)
TORONTO, ONTARIO--(Marketwire - Feb. 5, 2009) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report assay results for an additional 35 holes totaling 11,160 metres from its 2008 infill diamond drilling program at the Detour Lake project in northern Ontario. Of the 231,104 metres (621 holes) drilled in the 2007-08 programs, the last 12,000 metres of drill results are expected to be released next month. Thus far in 2009, the Company has completed an additional 5,000 metres of drilling.
Today's results continue to show good continuity of the main mineralized zones and confirmation of additional gold mineralization within the US$700 pit shell (mineral resource reported in Press Release July 2, 2008), which should positively impact the final pit design, including the reduction of the waste to ore ratio, for the feasibility study expected in 2009.
In the area of the former pit (West Pit), results from 33 drill holes (including eight holes abandoned) between sections 19,320E and 20,160E encountered significant gold mineralization within the US$700 pit shell. Wide intersections of gold mineralization were encountered in holes DG-08-452A with 0.86 g/t over 88.0 metres and 2.48 g/t (uncut) or 1.14 g/t (cut) over 100 metres; DG-08-473B with 3.51 g/t (uncut) or 1.28 g/t (cut) over 66.0 metres, 6.39 g/t (uncut) or 1.56 g/t (cut) over 80.0 metres; DG-08-503 with 4.79 g/t (uncut) or 3.24 g/t (cut) over 54.0 metres; and DG-08-508 with 1.37 g/t over 64.0 metres. In general, good continuity of the mineralized zones was established in the Chert Marker Horizon (CMH) and the hanging wall massive and pillow flows.
At the eastern end of the deposit (area of former pit), four holes intersected gold mineralization outside the US$700 pit shell in the footwall rocks (Sunday Lake Deformation Zone) (e.g. hole DG-08-519 with 4.42 g/t over 13.0 metres). The potential to find additional mineralization in the footwall rocks, from surface to 200 metres on the south side of the former pit, is excellent. The Company has started to test this area with a 10,000 metre drilling program with the addition of two more rigs. The program is expected to be completed by the end of March. The footwall mineralization is also open at depth (below the US$700 pit shell).
Results from two holes infilling the centre of the deposit (Gap Zone on sections 18,700E and 18,760E) showed excellent continuity especially in the core of the mineralized corridor at the contacts between the massive and pillow flows. Hole DG-08-501 intersected 3.61 g/t (uncut) or 3.04 g/t (cut) over 16.0 metres, 3.11 g/t (uncut) or 1.18 g/t (cut) over 46.0 metres, and 2.67 g/t (uncut) or 1.29 (cut) over 42.0 metres. Hole DG-08-517 intersected 4.73 g/t (uncut) or 1.92 g/t (cut) over 38.0 metres, 6.86 g/t (uncut) or 1.73 g/t (cut) over 27.5 metres and 6.47 g/t (uncut) or 1.5 g/t (cut) over 9.0 metres.
Significant mineralized (uncut) intervals encountered are shown below.
Gap Zone
--------
--------
DG-08-501 DG-08-517
--------- ---------
3.61 g/t over 16.0 m 4.73 g/t over 38.0 m
3.11 g/t over 46.0 m 6.86 g/t over 27.5 m
2.67 g/t over 42.0 m 6.47 g/t over 9.0 m
West Pit
--------
--------
DG-08-450A DG-08-452A DG-08-473B DG-08-487
---------- ---------- ---------- ---------
6.49 g/t 0.86 g/t 3.51 g/t 2.82 g/t
over 15.0 m over 88.0 m over 66.0 m over 34.0 m
1.34 g/t 2.48 g/t 5.91 g/t
over 46.0 m over 100.0 m over 26.0 m
6.39 g/t
over 80.0 m
DG-08-488A DG-08-500 DG-08-503 DG-08-504
---------- --------- --------- ---------
2.68 g/t 9.61 g/t 4.79 g/t 4.76 g/t
over 27.5 m over 26.0 m over 54.0 m over 13.0 m
2.43 g/t
over 41.2 m
DG-08-508 DG-08-518 DG-08-519
--------- --------- ---------
1.37 g/t 0.89 g/t 9.55 g/t
over 64.0 m over 57.0 m over 7.0 m
7.92 g/t
over 7.0 m
4.42 g/t
over 13.0 m
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".
The Company remains well funded with approximately C$40 million in cash.
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 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 ("QA/QC"), refer to the press release dated April 11, 2007.
Detour Lake Project - Highlights of Drill Results
---------------------------------------------------------------------------
Au Cut
Au to 20
Section From To Length Uncut g/t Host Rock
Hole No. No. (m) (m) (m) (g/t) (g/t) Unit
---------------------------------------------------------------------------
DG-08-450 19,560E Stopped at 113 m to correct dip. No
(West Pit) Significant Results
---------------------------------------------------------------------------
DG-08-450A 19,560E 89.0 96.0 7.0 2.06 2.06
(West Pit)
----------------------------------------------------
217.0 234.0 17.0 1.10 1.10
----------------------------------------------------
297.0 311.0 14.0 0.98 0.98
----------------------------------------------------
341.0 356.0 15.0 6.49 3.73 CMH
----------------------------------------------------
Inc. 341.0 342.0 1.0 61.40 20.00
----------------------------------------------------
368.0 393.0 25.0 1.99 1.63 Contact
MF/CMH
----------------------------------------------------
Inc. 375.0 376.0 1.0 29.02 20.00
----------------------------------------------------
407.0 453.0 46.0 1.34 1.29 Lower
Massive
Flow
----------------------------------------------------
Inc. 432.5 433.0 0.5 24.45 20.00
---------------------------------------------------------------------------
DG-08-452 19,440E Abandoned at 18 m.
(West Pit)
---------------------------------------------------------------------------
DG-08-452A 19,440E 17.0 35.0 18.0 0.69 0.69
(West Pit)
----------------------------------------------------
105.0 193.0 88.0 0.86 0.86 Lower
PF/Upper
MF
----------------------------------------------------
243.0 255.0 12.0 1.53 1.53
----------------------------------------------------
299.0 306.0 7.0 1.45 1.45
----------------------------------------------------
318.0 418.0 100.0 2.48 1.14 Lower
MF/PF
----------------------------------------------------
Inc. 325.5 326.0 0.5 51.77 20.00
----------------------------------------------------
Inc. 339.5 340.0 0.5 244.83 20.00
----------------------------------------------------
Inc. 374.0 374.5 0.5 30.86 20.00
----------------------------------------------------
440.0 451.0 11.0 0.83 0.83
----------------------------------------------------
472.0 480.0 8.0 3.06 3.06
---------------------------------------------------------------------------
DG-08-473 19,480E Hit UG workings at 75 m.
(West Pit)
----------------------------------------------------
28.0 35.0 7.0 1.12 1.12
---------------------------------------------------------------------------
DG-08-473A 19,480E 31.0 44.0 13.0 0.98 0.98
(West Pit)
---------------------------------------------------------------------------
DG-08-473B 19,480E 43.0 58.0 15.0 0.70 0.70
(West Pit)
----------------------------------------------------
76.0 86.5 10.5 0.85 0.85
----------------------------------------------------
94.0 105.0 11.0 1.35 1.35
----------------------------------------------------
122.0 167.0 45.0 0.79 0.79 Massive
Flow
----------------------------------------------------
190.0 256.0 66.0 3.51 1.28 Lower
Pillow
Flow
----------------------------------------------------
Inc. 210.5 211.0 0.5 29.19 20.00
----------------------------------------------------
Inc. 249.0 249.5 0.5 305.66 20.00
----------------------------------------------------
282.0 299.0 17.0 1.61 1.06 Lower
Pillow
Flow
----------------------------------------------------
Inc. 297.5 298.0 0.5 38.47 20.00
----------------------------------------------------
313.0 336.2 23.2 2.03 1.31 Lower
Pillow
Flow
----------------------------------------------------
Inc. 334.6 335.1 0.5 53.67 20.00
----------------------------------------------------
345.0 371.0 26.0 5.91 2.12 Contact
MF/PF
----------------------------------------------------
Inc. 347.0 347.5 0.5 214.44 20.00
----------------------------------------------------
Inc. 352.5 353.0 0.5 22.90 20.00
----------------------------------------------------
380.0 460.0 80.0 6.39 1.56 Lower
Massive
Flow
----------------------------------------------------
Inc. 385.5 386.0 0.5 302.09 20.00
----------------------------------------------------
Inc. 404.0 404.5 0.5 54.39 20.00
----------------------------------------------------
Inc. 422.0 422.5 0.5 80.57 20.00
----------------------------------------------------
Inc. 457.0 457.5 0.5 408.00 20.00
----------------------------------------------------
475.0 490.0 15.0 2.72 2.72 Lower
Massive
Flow
---------------------------------------------------------------------------
DG-08-486 19,840E Abandoned at 18 m in overburden.
(West Pit)
---------------------------------------------------------------------------
DG-08-486A 19,840E Hole stopped at 130.5 m. No
(West Pit) Significant Results
---------------------------------------------------------------------------
DG-08-486B 19,840E 385.0 410.0 25.0 1.42 1.42 Lower
(West Pit) Massive
Flow
----------------------------------------------------
423.0 444.0 21.0 0.93 0.93
----------------------------------------------------
487.0 494.0 7.0 3.09 3.02
----------------------------------------------------
Inc. 490.0 491.0 1.0 20.50 20.00
---------------------------------------------------------------------------
DG-08-487 19,680E 29.0 46.0 17.0 1.69 1.69 Pillow
(West Pit) Flow
----------------------------------------------------
57.0 67.0 10.0 0.84 0.84
----------------------------------------------------
151.0 161.5 10.5 1.90 1.90
----------------------------------------------------
196.0 217.0 21.0 1.30 1.30 Lower
Massive
Flow
----------------------------------------------------
234.0 241.0 7.0 6.89 3.69 Lower
Massive
Flow
----------------------------------------------------
Inc. 240.1 240.5 0.4 34.69 20.00
----------------------------------------------------
Inc. 240.5 241.0 0.5 53.03 20.00
----------------------------------------------------
256.0 285.0 29.0 1.05 1.05 Lower
Massive
Flow
----------------------------------------------------
325.0 359.0 34.0 2.90 2.82 Contact
CMH/MF
----------------------------------------------------
Inc. 356.0 356.5 0.5 21.32 20.00
----------------------------------------------------
Inc. 358.0 359.0 1.0 22.10 20.00
----------------------------------------------------
369.0 376.0 7.0 1.69 1.69
---------------------------------------------------------------------------
DG-08-488 19,520E Hole stopped at 93 m.
(West Pit)
----------------------------------------------------
25.0 37.0 12.0 1.19 1.19
----------------------------------------------------
82.0 92.0 10.0 1.56 1.56
---------------------------------------------------------------------------
DG-08-488A 19,520E 26.0 39.0 13.0 1.69 1.69
(West Pit)
----------------------------------------------------
92.0 101.0 9.0 1.77 1.77
----------------------------------------------------
122.0 132.0 10.0 1.53 1.53
----------------------------------------------------
151.0 158.0 7.0 1.08 1.08
----------------------------------------------------
180.0 207.5 27.5 2.68 2.63 Lower
Pillow
Flow
----------------------------------------------------
Inc. 206.5 207.5 1.0 21.30 20.00
----------------------------------------------------
251.0 263.0 12.0 1.76 1.76
----------------------------------------------------
302.0 312.0 10.0 1.72 1.72
----------------------------------------------------
380.0 391.0 11.0 2.38 2.38 Lower
Massive
Flow
----------------------------------------------------
408.8 450.0 41.2 2.43 1.83 Lower
Massive
Flow
----------------------------------------------------
Inc. 444.5 445.0 0.5 41.80 20.00
----------------------------------------------------
Inc. 447.5 448.0 0.5 26.08 20.00
----------------------------------------------------
Inc. 448.0 448.5 0.5 40.91 20.00
----------------------------------------------------
463.0 481.0 18.0 1.01 1.01
---------------------------------------------------------------------------
DG-08-489 19,680E 56.0 64.0 8.0 0.95 0.95
(West Pit)
----------------------------------------------------
87.0 98.0 11.0 1.09 1.09
----------------------------------------------------
109.0 121.0 12.0 0.84 0.84
----------------------------------------------------
143.0 150.5 7.5 2.40 1.55
----------------------------------------------------
Inc. 150.0 150.5 0.5 32.88 20.00
----------------------------------------------------
163.0 170.0 7.0 1.08 1.08
----------------------------------------------------
216.0 223.0 7.0 1.94 1.94
----------------------------------------------------
259.0 273.0 14.0 0.87 0.87
---------------------------------------------------------------------------
DG-08-495 19,680E Hit drift at 98 m. No Significant Results.
(West Pit)
---------------------------------------------------------------------------
DG-08-495A 19,680E 91.0 98.5 7.5 2.33 1.51
(West Pit)
----------------------------------------------------
Inc. 98.0 98.5 0.5 32.24 20.00
---------------------------------------------------------------------------
DG-08-500 19,680E 48.0 57.0 9.0 0.78 0.78
(West Pit)
----------------------------------------------------
109.0 125.0 16.0 2.13 2.04 Lower
Pillow
Flow
----------------------------------------------------
Inc. 116.5 117.0 0.5 22.82 20.00
----------------------------------------------------
135.0 142.0 7.0 3.04 2.64
----------------------------------------------------
Inc. 137.5 138.0 0.5 25.50 20.00
----------------------------------------------------
221.0 230.0 9.0 1.10 1.10
----------------------------------------------------
281.0 307.0 26.0 9.61 1.98 Lower
Massive
Flow
----------------------------------------------------
Inc. 282.0 282.5 0.5 240.78 20.00
----------------------------------------------------
Inc. 284.0 284.5 0.5 25.36 20.00
----------------------------------------------------
Inc. 306.5 307.0 0.5 190.32 20.00
----------------------------------------------------
346.0 354.0 8.0 1.22 1.22
----------------------------------------------------
364.0 389.0 25.0 0.91 0.91
---------------------------------------------------------------------------
DG-08-501 18,700E 39.5 47.5 8.0 1.21 1.21
(Gap Zone)
----------------------------------------------------
58.0 78.0 20.0 0.72 0.72
----------------------------------------------------
154.0 175.0 21.0 1.12 1.12
----------------------------------------------------
212.0 228.0 16.0 3.61 3.04 Lower
Pillow
Flow
----------------------------------------------------
Inc. 223.0 224.0 1.0 29.00 20.00
----------------------------------------------------
257.0 303.0 46.0 3.11 1.18 Lower
Massive
Flow
----------------------------------------------------
Inc. 269.0 269.5 0.5 197.62 20.00
----------------------------------------------------
316.0 323.0 7.0 4.81 1.67 Lower
Massive
Flow
----------------------------------------------------
Inc. 322.0 322.5 0.5 63.96 20.00
----------------------------------------------------
346.0 388.0 42.0 2.67 1.29 Contact
MF/CMH
----------------------------------------------------
Inc. 359.7 360.2 0.5 135.83 20.00
---------------------------------------------------------------------------
DG-08-502 20,160E 273.0 281.0 8.0 5.59 5.59 SLDZ
(West Pit)
----------------------------------------------------
290.0 300.0 10.0 3.18 3.18 SLDZ
---------------------------------------------------------------------------
DG-08-503 19,560E 122.0 133.0 11.0 0.83 0.83
(West Pit)
----------------------------------------------------
214.0 221.0 7.0 3.18 3.18
----------------------------------------------------
278.0 332.0 54.0 4.79 3.24 Lower
Pillow
Flow
----------------------------------------------------
Inc. 283.0 284.0 1.0 70.60 20.00
----------------------------------------------------
Inc. 284.0 285.0 1.0 26.31 20.00
----------------------------------------------------
Inc. 303.0 304.0 1.0 38.98 20.00
----------------------------------------------------
Inc. 304.0 305.0 1.0 27.42 20.00
----------------------------------------------------
381.0 388.0 7.0 3.05 3.05
---------------------------------------------------------------------------
DG-08-504 19,680E 96.0 104.0 8.0 1.09 1.09
(West Pit)
----------------------------------------------------
330.0 343.0 13.0 4.76 1.66 Lower
Massive
Flow
----------------------------------------------------
Inc. 341.5 342.0 0.5 100.64 20.00
---------------------------------------------------------------------------
DG-08-506 20,120E 206.0 218.0 12.0 2.76 1.57 Lower
(West Pit) Massive
Flow
----------------------------------------------------
Inc. 212.0 212.5 0.5 48.60 20.00
----------------------------------------------------
264.0 279.0 15.0 1.29 1.29
----------------------------------------------------
322.0 329.0 7.0 1.96 1.72
----------------------------------------------------
Inc. 323.5 324.0 0.5 23.30 20.00
---------------------------------------------------------------------------
DG-08-507 19,600E 315.0 329.0 14.0 0.57 0.57
(West Pit)
---------------------------------------------------------------------------
DG-08-508 19,800E 319.0 383.0 64.0 1.37 1.37 Massive
(West Pit) Flow
---------------------------------------------------------------------------
DG-08-510 19,760E 55.0 62.0 7.0 2.28 2.28
(West Pit)
----------------------------------------------------
84.0 100.0 16.0 0.93 0.93
----------------------------------------------------
122.0 136.0 14.0 0.74 0.74
----------------------------------------------------
338.0 345.0 7.0 1.20 1.20
----------------------------------------------------
355.0 377.0 22.0 2.17 1.98 Lower
Massive
Flow
----------------------------------------------------
Inc. 371.0 371.5 0.5 28.45 20.00
---------------------------------------------------------------------------
DG-08-511 19,640E 445.0 459.7 14.7 2.75 1.73 Lower
(West Pit) Massive
Flow
----------------------------------------------------
Inc. 459.2 459.7 0.5 50.13 20.00
---------------------------------------------------------------------------
DG-08-512 19,780E 94.0 114.0 20.0 0.84 0.84
(West Pit)
---------------------------------------------------------------------------
DG-08-514 19,720E 315.0 322.0 7.0 2.34 2.34
(West Pit)
---------------------------------------------------------------------------
DG-08-515 19,760E 28.0 43.0 15.0 0.89 0.89
(West Pit)
----------------------------------------------------
130.0 140.0 10.0 1.51 1.51
----------------------------------------------------
152.0 167.0 15.0 1.98 1.98 CMH
---------------------------------------------------------------------------
DG-08-516 19,760E 37.0 44.0 7.0 4.69 1.51 Lower
(West Pit) Massive
Flow
----------------------------------------------------
Inc. 37.7 38.2 0.5 64.60 20.00
----------------------------------------------------
61.0 70.0 9.0 2.84 2.84 Lower
Massive
Flow
----------------------------------------------------
126.0 137.0 11.0 0.89 0.89
----------------------------------------------------
181.3 204.0 22.7 1.11 1.11 SLDZ/CMH
---------------------------------------------------------------------------
DG-08-517 18,760E 13.0 40.0 27.0 0.97 0.90 Upper
(Gap Zone) Pillow
Flow
----------------------------------------------------
Inc. 13.5 14.0 0.5 23.90 20.00
----------------------------------------------------
52.0 59.0 7.0 1.29 1.29
----------------------------------------------------
110.0 122.0 12.0 1.08 1.08
----------------------------------------------------
161.0 173.0 12.0 1.58 1.58
----------------------------------------------------
193.5 201.0 7.5 6.20 2.81 Upper
Massive
Flow
----------------------------------------------------
Inc. 195.1 195.6 0.5 70.80 20.00
----------------------------------------------------
267.0 305.0 38.0 4.73 1.92 Lower
Pillow
Flow
----------------------------------------------------
Inc. 283.5 284.0 0.5 21.78 20.00
----------------------------------------------------
Inc. 290.2 290.7 0.5 126.07 20.00
----------------------------------------------------
Inc. 292.5 293.0 0.5 125.35 20.00
----------------------------------------------------
318.5 339.0 20.5 0.60 0.60
----------------------------------------------------
369.0 376.0 7.0 1.16 1.16
----------------------------------------------------
400.0 427.5 27.5 6.86 1.73 Lower
Massive
Flow
----------------------------------------------------
Inc. 404.5 405.0 0.5 247.99 20.00
----------------------------------------------------
Inc. 417.5 418.0 0.5 74.56 20.00
----------------------------------------------------
474.0 483.0 9.0 6.47 1.50 Lower
Massive
Flow
----------------------------------------------------
Inc. 475.5 476.0 0.5 109.54 20.00
----------------------------------------------------
571.0 587.0 16.0 1.27 1.27
---------------------------------------------------------------------------
DG-08-518 19,320E 112.0 131.0 19.0 1.49 1.49 Lower
(West Pit) Pillow
Flow
----------------------------------------------------
149.0 206.0 57.0 0.89 0.89 Lower
Pillow
Flow
----------------------------------------------------
247.0 254.0 7.0 4.47 4.02 Lower
Pillow
Flow
----------------------------------------------------
Inc. 248.0 249.0 1.0 23.10 20.00
----------------------------------------------------
307.0 324.0 17.0 0.58 0.58
---------------------------------------------------------------------------
DG-08-519 20,000E 300.0 307.0 7.0 9.55 2.18 Massive
(West Pit) Flow
----------------------------------------------------
Inc. 304.8 305.3 0.5 123.17 20.00
----------------------------------------------------
337.0 344.0 7.0 7.92 7.92 CMH
----------------------------------------------------
395.0 408.0 13.0 4.42 4.42 SLDZ
---------------------------------------------------------------------------
DG-08-520 19,760E 93.0 102.0 9.0 1.87 1.87
(West Pit)
---------------------------------------------------------------------------
DG-08-521 19,680E 62.0 79.0 17.0 1.11 1.11
(West Pit)
---------------------------------------------------------------------------
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.
Forward-Looking Information
This press release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Specifically, this press release includes forward-looking statements regarding: the Company's planned drilling program and estimate of the quantity and quality of its mineral resources. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, the uncertainties involved in interpreting geological data and other risks involved in the gold exploration and development industry as well as those risk factors listed in the Company's Annual Information Form (AIF), Item 4.4 - "Description of Business - Risk Factors" filed on SEDAR. Readers are cautioned that the list of factors included in the AIF is not exhaustive of the factors that may affect the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, the following assumptions: the Company's exploration and development activities on the Detour Lake Property will proceed in accordance with the Company's current timetables; and the Company's resource estimates, geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral resources) and operational and price assumptions on which the resource estimates are based, are accurate. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company'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. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.
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 Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2040, Toronto, Ontario M5J 2J1