golden_times schrieb am 12.07.2009, 18:07 Uhr[/url]"]<COLOR color="green">
DGC/TWD outlook
DGC,
aktuelle Lage:
- Kapitalerhöhung bei 12 USD sollte bis zum 14. Juli 2009 vollständig abgeschlossen sein, dies dürfte den gegenwärtigen Druck von der Aktie verringern können
- Der "Bought Deal" von mehr als 48Mio USD mit der Investmentfirma
Raymond James durch Ausgabe von 4Mio neuen shares steht vor der Vollendung
- durch die geringe Anzahl an neuen shares bleibt die Verwässerung auf einem geringen Niveau
- die erfolgreiche Cashgenerierung ist im aktuellen Markt- und Finanzierungsumfeld sehr positiv zu werten
- Präsenz des Gold developers wird durch die Aufnahme in den rennomierten Rob McEwen´s Junior Gold Index weiter gesteigert, weiter sollten mit der Eingliederung S&P/TSX Composite Index neue institutionelle Anleger, Fonds und Investmentfirmen angezogen werden
- Cashlage wird durch den "Bought-Deal" existenziell entspannt, DGC hat genügend Cash um die anstehenden wirtschaftlichen Studien und die Projektentwicklung zügig voran zu treiben
- exzellente Infrastrukturanbindungen durch past production und relevante Aktivität und Interessen der majors im hochgeschätzten
Abitibi Greenstone Belt
Fahrplan 2009/2010:
1. Vor-Machbarkeitsstudie 3Q 2009
2. Machbarkeitsstudie ~ 1Q 2010
3. Umweltverträglichkeitsstudie ~ 3Q 2010
4. Minengenehmigung ~ 4Q 2010
5. Finanzierung ~ 2Q 2010 - Q4 2011
6. Ziel Produktion bis ~ Q3 2012
- geplante 120.000 Bohrmeter dürften ein realistisches target über der 15Mio Oz Au-Grenze ermöglichen
- neues großes Bohrprogramm: 45.000 Bohrmeter werden u.a. mit dem generierten cash durchgeführt, der Westen von
Detour Lake kommt genauer unter die Lupe..
DGC wird hier zusätzlich ca. 15.000 BM per Monat schaffen, bis September könnte dieser Prozess bereits abgeschlossen sein, könnte eine Verlängerung geben..
- durch die erfolgreiche Erweiterung des Bohrprograms sind atm nun 6 rigs (ugs. Bohrinsel) aktiv
- PFS: DGC bestätigte alle bis zum 1. Juli 2009 gebohrten Löcher in die Vor-Machbarkeitsstudie miteinrechen zu lassen
- lukratives Markttiming bezüglich des POGs: Erste Pitplanungen wurden unter 600$ aufgezeichnet, aktuell kann man mit 900$ rechnen
- DGC hat die lukrative Option durch Aquisationen und JVs die starke Resourcenbasis signifikant zu erweitern:
JV mit TWD:
Block A steht hier an erster Stelle! DGCs Absichten durch das neue Miningcamp auf der property von TWD dürften für weitere Spekulationen um TWDs Rolle als "takeover play" sorgen. Zudem will DGC in den kommenden Studien die NI-konformen Resourcen im
Block A miteinfließen lassen!
TWD wird seinen Ambitionen nachkommen, den bis dato unerforschten westlichen und südlichen Teil der property intensiv zu drillen! Neue Bohrproramme sind nicht ausgeschlossen..
Die property hat mE das Potenzial auf ein multi million Oz Au deposit!
Detour Lake, Project Development
The Company anticipates concluding a pre-feasibility study for the Detour Lake gold project in the second quarter of 2009 followed by a feasibility study later this year. Since late 2008, the mining industry is experiencing substantial declines for input costs for both capital and operating parameters, which the Detour Lake project is expecting to benefit from.
The Company expects that the time frames for the pre-feasibility and feasibility studies will allow the Company's engineering consultants to maximize opportunities for both cost reductions and project enhancements.
The pre-feasibility study currently underway is being prepared by Met-Chem Canada Inc. ("Met-Chem") in conjunction with the additional consulting firms noted below. Metallurgical tests have been completed and conclude excellent gold recoveries ranging from 91% to 95%. The process plant design is expected to incorporate both a gravity circuit and a standard carbon-in-pulp (CIP) circuit for gold recovery.
Trade-off studies to determine the appropriate throughput rate for the deposit currently suggest an optimized rate of 40,000 to 50,000 tonnes per day. Tailings and infrastructure studies, being conducted by AMEC Earth and Environmental (a Division of AMEC Americas Limited) and Ausenco Minerals Canada Inc. respectively, are well advanced. The Company is also proceeding with the re-permitting of the existing right of way for the construction of the power line and connection to the existing power grid.
The Company is advancing work on the next block model for a new mineral resource and reserve estimate to be used in the pre-feasibility study. To date, Detour Gold 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), based on a detailed engineered pit design at US$700/oz gold price (refer to July 2, 2008 Press Release).
Results from an additional 102,000 metres of infill diamond drilling (completed since the last resource estimate of July 2, 2008) will be incorporated in the pre-feasibility study. In total, the study will incorporate the results from approximately 225,000 metres of drilling by the Company in the project database totaling approximately 788,000 metres of drilling.
Scott Wilson Roscoe Postle Associates Inc. of Toronto has been retained to independently audit the new mineral resource estimate for the study. The Company has also retained SGS Geostat Ltée of Blainville (Montreal) to conduct further gold assay capping studies.
Current studies suggest that a higher capping grade could be used in the upcoming pre-feasibility study than the 20 g/t gold previously used. Following the audit of the mineral resource estimate, BBA Inc. of Montreal will be providing the mineral reserve statement and design of the proposed engineered open pit.
sources DGC, news relaseas:
Jul 07, 2009
Detour Gold Reports Encouraging Drill Results from its Footwall Zone Discovery at Detour Lake in Ontario (2.95 g/t/ 32.0 m, 5.82 g/t/ 14.0 m, and 1.34 g/t/ 39.0 m)
Jun 16, 2009
Detour Gold Announces $48.4 Million Bought Deal Offering
Jun 15, 2009
Detour Gold to be Included in S&P/TSX Indices
Jun 04, 2009
Detour Gold Shareholders Approve Rights Plan
Jun 02, 2009
Detour Gold Reports Additional Drill Results from its 100% Owned Detour Lake Property in Ontario (17.67 g/t/ 28.0 m and 3.55 g/t/ 36.0 m in Gap Zone; 3.54 g/t/ 28.0 m in West Pit)
May 26, 2009
Detour Gold Reports an Updated Mineral Resource Estimate on Block A Joint Venture Property
Apr 29, 2009
Detour Gold Announces Adoption of Shareholder Rights Plan
http://www.detourgold.com/s/NewsReleases.asp
..
TWD comment:
Trade Wind Ventures has a significant gold project in Northern Ontario with an updated resource estimate of approximately 1.5 M ounces gold, almost all in the indicated category, and is joint ventured 50% with Detour Gold Corporation. The company is planning to drill on the west in an effort to extend the strike length, which is currently 1.5 km, as well as drill on the north side of the structure which could potentially widen the pit significantly in the future. Detour Gold is building a very large facility next door to Block A and Trade Wind Ventures will benefit from this infrastructure once complete..
..
Detour Lake, mining camp
» zur Grafik
» zur Grafik
JV: TWD (operator), DGC (50%/50%) Block A property
» zur Grafik
Geology & Mineralization
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Detour Lake, Black Model 2008
» zur Grafik
Detour Lake, Cross Section 2009
» zur Grafik
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Infos: Detour Lake, Block A
7. GEOLOGICAL SETTING
7.1 REGIONAL GEOLOGY
The Detour Lake project area lies in the north-western portion of the Abitibi Greenstone Belt,
an Archean age granite-gneiss-greenstone terrain in the Superior Province of the Canadian
Shield (Figure 3). Greenstone belts are believed to be ancient volcanic arcs with adjacent
submarine troughs (McMillan, 1996). This portion of the Abitibi Belt was originally mapped
by G.W. Johns (1982) for the Ontario Geological Survey. To the north occur gneissic and
plutonic rocks of the Opatica sub province, and to the west, felsic intrusive rocks of the
Hopper Lake granitoid complex. Feldspar and/or amphibolite-porphyritic, trondhjemite,
granodiorite, monzonite and aplite-pegmatite intrusions occur as dykes and small stocks,
which cut the supra-crustal rocks (Marmont, 1987). Felsic dykes near the Detour Mine area
are ~2722 Ma old (Marmont and Corfu, 1989).
7.1.1 METAMORPHISM
The footwall-hangingwall sequences, including early dykes, have been subject to Lower
Amphibolite facies of regional dynamothermal metamorphism. Some islands (shadow zones)
of Upper Greenschist facies are apparent. Peak metamorphism and D2 deformation appear
broadly coeval. Late syn- to post-kinematic intrusive bodies like the gabbro-diorite complex
have thermal aureoles with local steep thermal gradients. Almandine garnet, hornblende
porphyroblasts and local sillimanite have been observed (Wells, 1997).
7.1.2 DETOUR LAKE LOCAL GEOLOGY
The Detour Lake Mine, and the area surrounding it, lies within what has been designated the
Northern Volcanic Zone ("NVZ"). The NVZ has been sub-divided into two distinct
volcanosedimentary sequences; which are the Monocyclic Volcanic Segment ("MVS") and
the Polycyclic Volcanic Segment ("PVS"). The Block A and Gowest Properties lie within the
PVS (see Figure 3). The PVS cycle is comprised of three assemblages known as the Detour,
Lower Detour and the Vandette. The Detour and Vandette assemblages feature similar
steeply dipping sequences of predominantly massive and pillowed tholeiitic basalts with
minor ultramafic units and sediments. These two assemblages are separated by the Lower
Detour assemblage, composed of clastic sedimentary rocks predominate with greywackes in
the north and immature greywackes, mudstones, paraconglomerates and conglomerates to the
south. Structural studies undertaken by G. Zhang (1997) have shown that these three
..
15. ADJACENT PROPERTIES
The Block A and Gowest Properties are surrounded on three sides by claims held by DGC
which is also a 50% partner in the Block A Property. DGC holds claims on the south, east
and west sides and the area to the north of the Properties are unstaked.
On claims to the east of the Block A Property, DGC has the Detour Lake deposit. DGC
reported in August 2008 an in-pit gold Mineral Resource of 13.2 million ounces (Measured
and Indicated resource of 10.8 million ounces and Inferred resource of 2.4 million ounces)
based on a detailed engineered pit design. The Detour Lake deposit is situated in the area of
the former Detour Lake mine, which was operated by Placer Dome and which produced
1.8 million ounces of gold from 1983 to 1999.
DGC is expected to complete a pre-feasibility study on the Detour Lake deposit in the second
quarter of 2009 followed by a feasibility study in late 2009.
The author of this report has not verified the NI 43-101 compliant Mineral Resource estimate
discussed in the text above. It is included here purely for record.
16. MINERAL PROCESSING AND METALLURGICAL TESTING
To-date, no metallurgical testing had been conducted by Trade Winds on gold zones within
the Block A and Gowest Properties. A few points can be made about gold recoveries during
production on the Detour Lake Mine Block (Main Mine Zone) and metallurgical work on the
QK Zone that may be relevant to gold zones on the Block A property.
During 17 years of production at the Detour Lake Mine, a total of 1,764,985 ounces of gold
were produced from milling just over 14 Mt with approximately 93.1% mill recovery. Visible
gold was generally fine in the Mine Main Zone compared to the QK and Pillow Zones where
there was frequent reference to coarser visible gold. This occurrence of relatively coarse gold
had made grade determinations based on drill hole intersections difficult due to a strong
nugget effect (Burchell and Warner, 1997-QK; Burchell and Stubens, 1997-Pillow Z.).
During development work on the underground QK Zone, there was systematic collection of
muck and chip samples by mine staff. Thirty-nine rounds comprising 6,718 tonnes were
transported to surface and processed through a sample tower. Samples from the tower were
sent to Placer Dome Research for gravity concentrate-cyanide leach analyses.
Results of this
study (Talbot, 2000) indicated that the bulk sample values were overall 30% higher than the
model Kriged estimate; however, significant variability was indicated on examining
individual drift results. High grade gold values >20 g Au/t were indicated in drilling for three
out of four areas. Cutting core sample values to 20 g Au/t reduces the average gold grade
from 4.64 to 3.36 g Au/t (28%) which was quite similar to the 3.34 g Au/t bulk sample value.
A gold nugget effect was clearly indicated.
An examination of ICP certificates of Analyses from recent M Zone drilling by Trade Winds
indicates that arsenic values in mineralized areas (and throughout) are generally in the
detection to 15 ppb range.
DGC initiated a metallurgical testing project on its Detour Lake project immediately east of
the Block A Property in October 2007. The metallurgical test program that was completed by
SGS Lakefield Research Limited ("Lakefield") in Lakefield, Ontario, included mineralogical
examination of test composites, comminution test work, gold recovery test work and
environmental data generation.
Detailed information on the DGC testing is reported in the August 2008 report "Technical
Report and Mineral Resource Estimate Update for the Detour Lake Mine Option Property,
Ontario for Detour Gold Corporation".
The results include the mineralogical findings that the majority of the gold is liberated and are
in agreement with the metallurgical results being obtained in the test program. The gold in
the Detour Lake mineralization is free milling, resulting in high gravity gold recoveries and
high cyanide gold extractions being achieved.
The results of the gold recovery testing indicated that for head grades higher than 0.5 g Au/t,
the overall gold recoveries ranged from 91.4% to 95.7%, averaging 94.5% for the overall rock
blend representing 99.3% of the deposit, with an average head grade of 1.28 g Au/t for the
composites tested. These results confirm that a gravity/cyanidation/CIP gold recovery circuit
is the process of choice for the Detour Lake project.
While metallurgical test work performed on composite samples using assay rejects from drill
holes on the DGC property provides an indication of the metallurgical property of the
mineralization, WGM considered that these results are not necessarily indicative of the
metallurgical properties that exist on the Block A Property or especially on the Gowest
Property located in excess of 3.5 km away from the DGC/Block A Property boundary and
considering that the Gowest and Block A Property’s main mineralized CG horizon is located
in the hangingwall of the DGC deposit. In addition, the metallurgical report state that
confirmation testing on composites prepared from core samples from the drilling carried out
subsequent to August 2007 need to be completed to confirm metallurgical efficiencies across
a wider area of the deposit.
..
17. MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES
17.1 MINERAL RESOURCE
17.1.1 GENERAL
WGM was retained by Trade Winds in late fall 2008 to produced a NI 43-101 compliant
Mineral Resource estimate on the Gowest and Block A Property located approximately
300 km northeast of Timmins Ontario. Gemcom Software International’s GEMS 6.41™ was
used for the Mineral Resource estimate in combination with Sage 2001 for the variography.
The metal of interest on the Property is gold only.
The M Zone extends from the Block A Property to the Gowest Property and is considered as
one unique deposit. The statistical analysis and Mineral Resource estimation outlined in this
section incorporated all holes drilled from the Gowest and Block A Properties, including a
portion of the drilling from DGC’s property east of the Block A Property and underground
drilling in the QK zone located in the Block A Property exclusion area.
The consideration of all data is necessary as the drilling in the Gowest Property alone, taken
independently from the Block A, did not provide sufficient information to reliably estimate
the gold tenor. By combining the information from the densely drilled Block A Property, it
allowed the establishment of statistical domains and the use of conclusive variograms. It also
helped improve the reliability of the treatment of high grade outliers and improve the overall
confidence in the Mineral Resource figures.
