Welcome!

News Feed Item

Detour Gold Reports High Grade Gold Intersections in the Lower Detour Area of Its Detour Lake Property

TORONTO, ONTARIO -- (Marketwired) -- 06/02/14 -- Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports assay results from its 2014 exploration drilling program in the Lower Detour Lake area located approximately 6 kilometres south of the Detour Lake gold mine on its 100% owned Detour Lake property. The Company extended its initial 8,000 metre drilling program to nearly 15,000 metres as a result of encouraging results and a longer winter drilling season. The Company completed 14,874 metres in 40 holes and has received assay results for all significant intersections of the program.

The Company has identified a significant mineralized system to the north of Zone 75 in following up a high-grade intercept of 17.3 g/t over 4.4 metres (DLD-13-075, last hole of the 2013 drilling program). This east-west mineralized zone (referred to as Zone 58N) was tested over a length of 450 metres by 28 holes totaling 10,888 metres. The mineralized system has a maximum width of 120 metres and narrows to less than 15 metres to the west and east. It has been tested from surface to a depth of approximately 300 metres and it remains open to the west and down dip. The gold mineralization is mainly found within the southern portion of a strongly sheared and altered feldspar porphyry intrusive containing quartz and/or quartz-tourmaline veins with up to 10% pyrite and multiple occurrences of visible gold. The results suggest that the grade and continuity of the gold mineralization may improve at depth.

"Confirming high-grade potential within trucking distance of the processing plant only after our second exploration drilling program and with minimal expenditures demonstrates the tremendous potential of our large land package," said Paul Martin, President and CEO of Detour Gold. "Our team is excited about the prospects for success over the coming years. In the coming months, the Company will complete a detailed geological and structural interpretation exercise of the Lower Detour area in preparation for the next winter drilling campaign."

Highlights from Zone 58N include (uncut assays reported) (from west to east):

--  9.69 g/t over 30.3 metres (hole DLD-14-105) 
--  11.82 g/t over 32.4 metres (hole DLD-14-103)  
--  12.74 g/t over 28.0 metres (hole DLD-14-110, 80 metres up dip from DLD-
    14-103) 
--  5.67 g/t over 23.0 metres and 5.04 g/t over 16.0 metres (hole DLD-14-
    112) 
--  9.20 g/t over 22.0 metres (hole DLD-14-116) 
--  2.55 g/t over 31.1 metres (hole DLD-14-120) 

Gold mineralization was also encountered in Zone 75 (20 to 50 metres south of Zone 58N described above). This mineralized zone is characterized by strongly sheared and altered mafic volcanics and feldspar porphyry dykes containing quartz veins and up to 25% sulphides.

Highlights from Zone 75 include:

--  4.31 g/t over 7.3 metres (hole DLD-14-111) 
--  10.82 g/t over 7.0 metres (hole DLD-14-088) 
--  7.41 g/t over 5.1 metres (hole DLD-14-100) 

The Company has also completed 3,985 metres in 12 holes testing mainly geophysical (IP) anomalies over a strike length of 5 kilometres in the Lower Detour area. With only partial assays available, only minor pyrite and/or pyrrhotite with no significant gold mineralization were encountered in the holes.

All drill hole data, including drill hole location map and cross sections are posted on the Company's website under Projects/Detour Lake Exploration: Regional.

Detour Gold's drilling program is being managed by its Exploration Manager, Guy MacGillivray, P.Geo., a Qualified Person within the meaning of National Instrument 43-101. Mr. MacGillivray has verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information. The true width of the reported intercepts is estimated to be 65 to 75% of the drilled length. No significant gold mineralization was intersected in the other drill holes. Samples are prepared at ALS Laboratories in Timmins and Sudbury and assayed at their Vancouver, B.C. laboratory. Analysis for gold is done on sawn half core samples (size NQ) using 50 grams fire assay (AA finish). Samples with higher grade gold (greater than 3 g/t) or with visible gold are re-assayed using the pulp and metallics procedures. The Company's quality control checks include the insertion of standard reference materials and blank samples to monitor the accuracy of the assay data.

About Detour Gold

Detour Gold is an emerging mid-tier gold producer in Canada. In 2014, the Company is completing the ramp-up of its 100% owned Detour Lake mine to a long life, large scale open pit operation.

Forward-Looking Information Forward-Looking Information

This press release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this press release contains forward-looking statements regarding the Company's plans to complete a detailed geological and structural interpretation exercise of the Lower Detour area in preparation for the next winter drilling campaign. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Detour Gold's ability to predict or control and may cause Detour Gold'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. These risks, uncertainties and other factors include, but are not limited to, gold price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the gold exploration and development industry, as well as those risk factors discussed in the section entitled "Description of Business - Risk Factors" in Detour Gold's 2012 AIF and in the continuous disclosure documents filed by Detour Gold on and available on SEDAR at www.sedar.com. Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the following: the availability of financing for exploration and development activities; operating and capital costs; the Company's ability to attract and retain skilled staff; the mine development schedule; sensitivity to metal prices and other sensitivities; the supply and demand for, and the level and volatility of the price of, gold; timing of the receipt of regulatory and governmental approvals for development projects and other operations; the supply and availability of consumables and services; the exchange rates of the Canadian dollar to the U.S. dollar; energy and fuel costs; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; market competition; ongoing relations with employees and impacted communities and general business and economic conditions. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date hereof, or such other date or dates specified in such statements. Detour Gold undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

  Lower Detour Area - Significant Assay Results from 2014 Drilling Program  
   Shown by sections from West to East and Drill Holes from South to North  
----------------------------------------------------------------------------
                                          Au g/t  Mineralized Zone          
                                  Au g/t (cut to  (IFP = intermediate       
Hole No.      From     To Length (uncut) 30 g/t)  feldspar porphyry)        
            --------------------                                            
               (m)    (m)    (m)                                            
----------------------------------------------------------------------------
Section 595730E                                                             
----------------------------------------------------------------------------
DLD-14-091   229.2  235.0    5.8    4.06    4.06  75 silicified shear zone; 
                                                  quartz veins; VG          
----------------------------------------------------------------------------
Section 595680E                                                             
----------------------------------------------------------------------------
DLD-14-089   231.6  241.0    9.4    1.12    1.12  75 silicified shear zone; 
                                                  quartz veins              
----------------------------------------------------------------------------
DLD-14-108   151.0  154.1    3.1    2.94    2.94  75 silicified shear zone; 
                                                  quartz veins              
----------------------------------------------------------------------------
Section 595630E - Zone 58 N from 2 to 10 m (core length)                    
----------------------------------------------------------------------------
DLD-14-087   301.4  304.0    2.6    3.63    3.63  75 silicified, sericitized
                                                  shear zone                
----------------------------------------------------------------------------
DLD-14-113    94.0   96.3    2.3    7.05    7.05  75 silicified shear zone  
----------------------------------------------------------------------------
DLD-14-125    22.0   30.0    8.0    2.66    2.66  58N sheared mafic         
                                                  volcanics; quartz veins;  
                                                  VG                        
----------------------------------------------------------------------------
Section 595580E - Zone 58N from 10 to 30 m (core length)                    
----------------------------------------------------------------------------
DLD-14-105   370.9  401.2   30.3    9.69    8.14  58N silicified IFP;       
                                                  quartz-tourmaline veins;  
                                                  VG                        
            ----------------------------------------------------------------
             Incl.  388.5   11.5   19.68   16.27  IFP; quartz-tourmaline    
             377.0                                veins; VG                 
----------------------------------------------------------------------------
DLD-14-090   231.0  235.0    4.0    4.10    4.10  75 sheared quartz feldspar
                                                  porphyry; quartz veins; VG
----------------------------------------------------------------------------
DLD-14-100   141.8  146.9    5.1    7.41    7.41  75 IFP; quartz veins; VG  
----------------------------------------------------------------------------
DLD-14-088    87.0   94.0    7.0   10.82    4.07  75 silicified shear zone; 
                                                  quartz veins; VG          
----------------------------------------------------------------------------
Section 595530E - Zone 58N from 60 to 130 m (core length)                   
----------------------------------------------------------------------------
DLD-14-103   320.5  352.9   32.4   11.82    3.08  58N sericitized IFP;      
                                                  quartz-tourmaline veins;  
                                                  VG                        
            ----------------------------------------------------------------
             376.7  387.0   10.3    3.46    3.46  58N IFP; quartz-tourmaline
                                                  veins; VG                 
----------------------------------------------------------------------------
DLD-14-110   165.0  181.0   16.0    1.55    1.55  58N IFP; quartz-tourmaline
                                                  veins; VG                 
            ----------------------------------------------------------------
             215.0  243.0   28.0   12.74    2.81  58N IFP; quartz-tourmaline
                                                  veins; VG                 
            ----------------------------------------------------------------
             261.0  296.0   35.0    1.03    1.03  58N IFP; quartz-tourmaline
                                                  veins                     
----------------------------------------------------------------------------
DLD-14-115    86.0  121.0   35.0    1.55    1.55  58N IFP; quartz-tourmaline
                                                  veins; VG                 
            ----------------------------------------------------------------
             165.0  186.0   21.0    1.72    1.72  58N IFP/mafic volcanics;  
                                                  quartz-tourmaline veins;  
                                                  VG                        
----------------------------------------------------------------------------
Section 595480E - Zone 58N from 115 to 160 m (core length)                  
----------------------------------------------------------------------------
DLD-14-112   253.0  276.0   23.0    5.67    3.43  58N sheared IFP; quartz-  
                                                  tourmaline veins; VG      
            ----------------------------------------------------------------
             296.0  312.0   16.0    5.04    3.06  58N sheared IFP; quartz-  
                                                  tourmaline veins; VG      
            ----------------------------------------------------------------
             320.0  334.0   14.0    2.72    2.72  58N sheared IFP; quartz-  
                                                  tourmaline veins; VG      
            ----------------------------------------------------------------
             344.0  351.5    7.5    4.96    2.59  58N sheared IFP; quartz-  
                                                  tourmaline veins; VG      
----------------------------------------------------------------------------
DLD-14-111   135.2  142.5    7.3    4.31    4.31  75 silicified shear zone; 
                                                  quartz veins; VG          
            ----------------------------------------------------------------
             157.0  205.0   48.0    1.00    1.00  58N IFP; quartz veins; VG 
            ----------------------------------------------------------------
             216.0  226.0   10.0    1.06    1.06  58N IFP; quartz-tourmaline
                                                  veins; VG                 
            ----------------------------------------------------------------
             309.0  316.0    7.0    8.92    5.51  58N IFP; quartz veins; VG 
----------------------------------------------------------------------------
DLD-14-116    55.5   57.5    2.0   15.03    8.33  75 sheared IFP; quartz    
                                                  veins; VG                 
            ----------------------------------------------------------------
             103.0  125.0   22.0    9.20    4.42  58N IFP; quartz-tourmaline
                                                  veins; VG                 
            ----------------------------------------------------------------
             153.0  156.5    3.5    5.62    5.25  58N IFP; quartz veins; VG 
            ----------------------------------------------------------------
             275.3  283.0    7.7    3.25    2.78  58N IFP; quartz veins; VG 
----------------------------------------------------------------------------
Section 595430E - Zone 58N from 20 to 30 m (core length)                    
----------------------------------------------------------------------------
DLD-14-120    97.3   99.0    1.7    2.80    2.80  75 silicified shear zone; 
                                                  quartz veins              
            ----------------------------------------------------------------
             169.4  200.5   31.1    2.55    2.19  58N IFP; quartz-tourmaline
                                                  veins; VG                 
            ----------------------------------------------------------------
             Incl.  179.0    9.6    6.49    5.35  IFP; quartz-tourmaline    
             169.4                                veins; VG                 
----------------------------------------------------------------------------
DLD-14-122    50.0   58.2    8.2    1.69    1.69  58N IFP; quartz-tourmaline
                                                  veins                     
            ----------------------------------------------------------------
             215.0  221.0    6.0    1.94    1.94  Mafic volcanics; quartz-  
                                                  carbonate veins           
----------------------------------------------------------------------------
Section 595330E - Zone 58N from 20 to 45 m (core length)                    
----------------------------------------------------------------------------
DLD-14-123   352.7  386.0   33.3    1.22    1.22  58N mafic volcanics/ IFP; 
                                                  quartz veins              
            ----------------------------------------------------------------
             Incl.  381.0   14.1    2.45    2.45  IFP; quartz-tourmaline    
             366.9                                veins                     
----------------------------------------------------------------------------
DLD-14-121   251.0  266.0   15.0    0.98    0.98  58N IFP; quartz veins     
            ----------------------------------------------------------------
             276.0  293.3   17.3    0.95    0.95  58N IFP; quartz veins     
----------------------------------------------------------------------------
DLD-14-119    77.4   85.5    8.1    2.10    2.10  75 silicified shear zone; 
                                                  quartz veins              
----------------------------------------------------------------------------
Section 595230E - Zone 58N approx. 25 m (core length)                       
----------------------------------------------------------------------------
DLD-14-097   270.0  295.0   25.0    0.88    0.88  58N IFP; quartz veins     
----------------------------------------------------------------------------

Note: True width is estimated to be 65 to 75% of the drilled length. No significant gold mineralization was intersected in the other drill holes. Reported intervals are also shown with an assay cap of 30 g/t. Reported average gold grade is over core length widths.

Contacts:
Detour Gold Corporation
Paul Martin
President and CEO
(416) 304.0800

Detour Gold Corporation
Laurie Gaborit
Director Investor Relations
(416) 304.0581

Detour Gold Corporation
Royal Bank Plaza, South Tower
200 Bay Street, Suite 2200
Toronto, Ontario M5J 2J1
www.detourgold.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...