Press release from Marketwire
Detour Gold Reports Drill Results on Detour Lake Property 17.3 g/t Au Over 4.4 m on New Structure in Lower Detour Area
Monday, September 09, 2013
Detour Gold Reports Drill Results on Detour Lake Property 17.3 g/t Au Over 4.4 m on New Structure in Lower Detour Area17:00 EDT Monday, September 09, 2013
TORONTO, ONTARIO--(Marketwired - Sept. 9, 2013) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports assay results from its 2013 exploration drilling program in the eastern part of the Lower Detour Deformation Zone ("LDDZ") (Lower Detour area), located in the southeast part of its 100% owned Detour Lake property. The Company completed 25,067 metres in 74 holes in the first quarter of 2013.
Located approximately 6 kilometres south of the Detour Lake mine, the LDDZ is a major east-west structure similar to the Sunday Lake Deformation Zone, which hosts the Detour Lake mine. During this drilling program, a number of IP anomalies were tested resulting in the discovery of three sub-parallel east-west trending mineralized zones (Zone 75, Zone 58, and Zone 58N) within a wide kilometric corridor that is approximately 5 kilometres in length.
Two holes drilled on the same north-south section intersected significant gold mineralization at a depth of less than 150 metres. Mineralization is hosted in quartz veins in a well-defined sheared zone referred to as Zone 75.
- 17.3 g/t over 4.4 metres (hole DLD-13-075)
- 6.19 g/t over 2.1 metres, 30 metres up dip of DLD-13-075 intersection (hole DLD-13-029)
Zone 75 corresponds to a well-defined IP anomaly traced over a strike length of 900 metres. Four historical drill holes intersected Zone 75, of which two had visible gold in quartz veins. Zone 75 is a high priority target and is open in all directions.
Approximately 1.8 kilometres west of those intersections, Zone 58 and Zone 58 North have been tested with 17 drill holes over a strike length of 300 metres. Visible gold was encountered in 10 of the holes. The best gold intersections in Zone 58 and Zone 58N were as follows:
- 10.25 g/t over 4.5 metres in Zone 58 (hole DLD-13-058)
- 3.85 g/t over 5.0 metres in Zone 58N (hole DLD-13-068)
- 1.04 g/t over 4.0 metres in Zone 58N (hole DLD-13-072)
- 8.08 g/t over 1.0 metres in Zone 58N (hole DLD-13-073)
- 4.16 g/t over 2.0 metres in Zone 58N (hole DLD-13-079)
Further south, hole DLD-13-057 intersected 26.66 g/t over 1.0 metre.
The Company is highly encouraged by the results obtained in Zone 75 and is planning additional drilling in early 2014 to test the continuity of the gold mineralization.
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. Samples are prepared at Accurassay Laboratories in Timmins and assayed at their Thunder Bay location in Ontario. Analysis for gold is done on sawn half core samples (size NQ) using 50 grams fire assay (AA finish). Samples with higher grade gold (>5 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, blank and field duplicate samples to monitor the accuracy of the assay data.
Lower Detour Area - Highlights of Drill Results
|Hole No.||Section No.||
|Au (uncut) (g/t)||Zone|
|DLD-12-013||594040E||149.0||151.0||2.0||3.37||Quartz feldspar porphyry|
|DLD-12-022||594040E||214.0||215.0||1.0||4.12||Zone 58: mafic volc.|
|DLD-12-029||595640E||191.0||193.0||2.1||6.19||Zone 75: silicified shear zone, VG|
|DLD-13-057||594240E||276.0||277.0||1.0||26.66||Sheared mafic volc.|
|DLD-13-058||593680E||149.0||153.0||4.5||10.25||Zone 58: QV in mafic volc., VG|
|DLD-13-061||593660E||304.0||307.00||3.0||1.44||Silicified shear zone|
|DLD-13-065||593680E||189.0||192.0||3.0||2.17||Silicified shear zone|
|DLD-13-068||588400E||322.0||327.0||5.0||3.85||Zone 58N: silicified shear zone|
|DLD-13-072||593720E||274.0||278.0||4.0||1.04||Zone 58N: sheared mafic volc.|
|DLD-13-073||593620E||379.0||381.0||2.0||4.08||Zone 58N: QV in mafic volc., VG|
|DLD-13-075||595640E||222.6||231.8||9.2||8.72||Zone 75: silicified shear zone|
|DLD-13-079||593520E||346.0||348.0||2.0||4.16||Zone 58N: QV in mafic volc. VG|
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.
About Detour Gold
Detour Gold is an emerging mid-tier gold producer in Canada. The Detour Lake open pit mine is expected to produce an average of 657,000 ounces of gold annually over a period of 21.5 years. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.
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 additional drilling in early 2014 to test the continuity of the gold mineralization and annual production of 657,000 ounces of gold over a period of 21.5 years. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Detour Gold Corporation
President and CEO
Detour Gold Corporation
Director Investor Relations
Detour Gold Corporation
Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2200
Toronto, Ontario M5J 2J1