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
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...