(DG-07-157 intersects 2.28 g/t over 75.5 m in Calcite Zone)
Detour Gold Corporation (TSX: DGC) (�Detour Gold� or the �Company�) is pleased to report the drill results of the first 34 holes from its Phase II drilling program at its Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 181 holes totaling 63,432 metres (including 15 holes abandoned for 1,290 metres). There are six (6) active drill rigs on site; four of which are on the Phase II program and two on the exploration program.
The 2007-08 Phase II program will total approximately 110,000 metres and is expected to be completed in the second quarter of 2008. As announced last week, approximately 50,000 metres was added to this program to expand the deposit west of the Calcite Zone and to follow up on additional mineralization that was found in the hanging wall during the 2007 campaign. The Company is planning on releasing a mineral resource update by mid-2008, which would include Phase I and approximately half of Phase II drilling.
Successful results were obtained in the Calcite Zone where four (4) of six (6) holes returned gold grades ranging from 1 to 2 g/t over wide intervals of 50 metres or more. The Calcite Zone is relatively untested with only 14 holes drilled in Phase I and remains open to the west for another 1.5 kilometres. In the Gap Zone, eight (8) of the nine (9) drill holes (including one abandoned) tested only a small portion of the mineralized corridor, near the upper level of the Chert Marker Horizon (CMH) and footwall zone. In the West Pit area, assays from 19 holes (including two abandoned holes) continue to return excellent and consistent results�
To view this news release in its entirety please click on the link below or copy and paste it into your web browser.
http://www.hdgold.com/dgc/NewsReleases.asp?ReportID=281457
If you have any questions do not hesitate to contact us as provided below.
Best Regards,
Laurie Gaborit,
Director Investor Relations
Detour Gold Corporation
Royal Bank Plaza, North Tower
200 Bay Street, Suite 2040
Toronto, Ontario M5J 2J1
Tel: (416) 304-0581
LGaborit@detourgold.com
www.detourgold.com
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*Other HDI affiliated companies include Amarc, Anooraq, Detour, Farallon, Continental, Northern Dynasty, Rockwell, and Taseko. Visit us at www.hdgold.com for more information. To be removed from all of HDI's email lists please reply to this email with �Remove All� in the subject line.
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Detour Gold Corporation
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DEVELOPMENT STAGE |
CODE : DGC.TO |
ISIN : CA2506691088 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Detour Gold is a gold exploration company based in Canada. Its main asset in development is DETOUR LAKE (SUNDAY LAKE) in Canada and its main exploration property is BLOCK A in Canada. Detour Gold is listed in Canada. Its market capitalisation is CA$ 4.0 billions as of today (US$ 3.0 billions, € 2.7 billions). Its stock quote reached its lowest recent point on November 23, 2018 at CA$ 10.00, and its highest recent level on February 03, 2020 at CA$ 23.10. Detour Gold has 174 600 000 shares outstanding. |