January 10, 2012 18:30 ET
Detour Gold Reports Additional Drill Results from Its 2011 Drilling Program at Detour Lake Project in Ontario
(3.54 g/t / 40.9 m & 2.92 g/t / 41.5 m in QK Zone)
TORONTO, ONTARIO--(Marketwire - Jan. 10, 2012) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports assay results for 93 holes totaling 31,857 metres from its 2011 drilling campaign at the Detour Lake gold project in northern Ontario. The 2011 drilling program totaled 86,644 metres and covered the western extension of the Detour Lake open pit deposit up to section 17,220E and the north wall of the open pit up to section 18,500E. Assays have now been reported for 41,158 metres.
Approximately 67,587 metres (or 78%) of the 2011 drilling program will be included in the 2011 year-end mineral resource and reserve update, which will be announced in early February 2012. For the new mineral reserve estimate, the Company will be using a gold price of US$850/oz and the same pit shell that currently contains mineral reserves of 449.5 million tonnes averaging 1.03 g/t for 14.9 million ounces of gold estimated at a gold price of US$850/oz (refer to press release dated January 31, 2011).
Sixteen (16) holes completed on sections 17,380E (40 metres west from the last reported section 17,420E) continued to encounter significant gold mineralization outside of the current open pit. The majority of the gold mineralization is found within a folded sequence of pillow flows. Of significance, hole DG-11-1092 intersected 3.54 g/t (uncut) or 1.02 g/t (cut) over 40.9 metres and hole DG-11-1082 intersected 4.13 g/t (uncut) or 2.15 g/t (cut) over 24 metres and 2.92 g/t (uncut) or 1.36 g/t (cut) over 41.5 metres.
The three holes drilled on section 17,220E (western most section drilled by Detour Gold) intersected gold mineralization above the QZ Zone, which was drilled by Placer Dome in the mid-90's. Hole DG-11-1120 intersected 1.42 g/t (uncut) or 1.38 g/t (cut) over 51 metres. These mineralized zones have not been drilled above the QZ Zone (between sections 17,220E and 17,380E) and remains open to the west. The 2012 drilling program, which is starting this week, will target gold mineralization above the QK Zone between section 16,000E and 17,000E.
A large majority of the holes being reported today were targeting the south wall of the western end of the open pit to complete the infill drilling on a 40 metre by 40 metre spacing (17,380E to 17,940E). Results were as expected and indicate the following: the presence of more non-mineralized ultramafic intrusive bodies towards the west and that the main mineralized corridor moves north from the Sunday Lake Deformation Zone (SLDZ) at the western end of the current pit shell.
Significant gold mineralized (uncut) intervals encountered are shown below.
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http://www.marketwire.com/press-release/detour-gold-reports-additional-drill-results-from-its-2011-drilling-program-detour-lake-tsx-dgc-1605356.htm
Detour Gold Reports Additional Drill Results from Its 2011 Drilling Program at Detour Lake Project in Ontario
(3.54 g/t / 40.9 m & 2.92 g/t / 41.5 m in QK Zone)
TORONTO, ONTARIO--(Marketwire - Jan. 10, 2012) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports assay results for 93 holes totaling 31,857 metres from its 2011 drilling campaign at the Detour Lake gold project in northern Ontario. The 2011 drilling program totaled 86,644 metres and covered the western extension of the Detour Lake open pit deposit up to section 17,220E and the north wall of the open pit up to section 18,500E. Assays have now been reported for 41,158 metres.
Approximately 67,587 metres (or 78%) of the 2011 drilling program will be included in the 2011 year-end mineral resource and reserve update, which will be announced in early February 2012. For the new mineral reserve estimate, the Company will be using a gold price of US$850/oz and the same pit shell that currently contains mineral reserves of 449.5 million tonnes averaging 1.03 g/t for 14.9 million ounces of gold estimated at a gold price of US$850/oz (refer to press release dated January 31, 2011).
Sixteen (16) holes completed on sections 17,380E (40 metres west from the last reported section 17,420E) continued to encounter significant gold mineralization outside of the current open pit. The majority of the gold mineralization is found within a folded sequence of pillow flows. Of significance, hole DG-11-1092 intersected 3.54 g/t (uncut) or 1.02 g/t (cut) over 40.9 metres and hole DG-11-1082 intersected 4.13 g/t (uncut) or 2.15 g/t (cut) over 24 metres and 2.92 g/t (uncut) or 1.36 g/t (cut) over 41.5 metres.
The three holes drilled on section 17,220E (western most section drilled by Detour Gold) intersected gold mineralization above the QZ Zone, which was drilled by Placer Dome in the mid-90's. Hole DG-11-1120 intersected 1.42 g/t (uncut) or 1.38 g/t (cut) over 51 metres. These mineralized zones have not been drilled above the QZ Zone (between sections 17,220E and 17,380E) and remains open to the west. The 2012 drilling program, which is starting this week, will target gold mineralization above the QK Zone between section 16,000E and 17,000E.
A large majority of the holes being reported today were targeting the south wall of the western end of the open pit to complete the infill drilling on a 40 metre by 40 metre spacing (17,380E to 17,940E). Results were as expected and indicate the following: the presence of more non-mineralized ultramafic intrusive bodies towards the west and that the main mineralized corridor moves north from the Sunday Lake Deformation Zone (SLDZ) at the western end of the current pit shell.
Significant gold mineralized (uncut) intervals encountered are shown below.
.
.
.
http://www.marketwire.com/press-release/detour-gold-reports-additional-drill-results-from-its-2011-drilling-program-detour-lake-tsx-dgc-1605356.htm