Detour Gold Extends High Grade Gold Mineralization at Lower Detour; Drilling Program of 30,000 Metres to Start this Summer

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Detour Gold Extends High Grade Gold Mineralization at Lower Detour; Drilling Program of 30,000 Metres to Start this Summer

by NationTalk on April 29, 2015447 Views

TORONTO, ONTARIO–(April 28, 2015) – Detour Gold Corporation (TSX:DGC) (“Detour Gold” or the “Company”) reports assay results from its 2015 winter drilling program in the Lower Detour Lake area, located approximately six kilometres south of the Detour Lake gold mine.

Results from the eight holes totaling 5,700 metres have confirmed the continuity of the high-grade gold intercepts encountered in last year’s winter drilling program. All eight holes intersected the mineralized zone at 150 to 200 metres below last year’s drill holes with six of eight holes returning significant gold mineralization.

“The opportunity to identify and define a high-grade gold target is extremely valuable to us. With the success obtained from this drilling program, we now plan to initiate a much larger in-fill drilling campaign on zone 58N to better define the grade continuity of this mineralized system,” said Paul Martin , President and CEO of Detour Gold. “Our team is excited about our exploration successes and looks forward to unlocking the potential of our prospective large land package.”

Drilling Program Highlights

Zone 58N (uncut gold assays reported)

  • 9.53 g/t over 12.0 metres, including 22.41 g/t over 5.0 metres (hole DLD-15-128)
  • 5.92 g/t over 18.9 metres, including 12.30 g/t over 5.0 metres (hole DLD-15-131)
  • 14.89 g/t over 4.1 metres (hole DLD-15-132)
  • 4.91 g/t over 6.5 metres (hole DLD-15-134)
  • 4.15 g/t over 8.7 metres (hole DLD-15-127)

To date, the east-west sub-vertical 58N mineralized zone has now been tested over a strike length of 450 metres with 36 holes totaling 16,465 metres. The higher grade gold mineralization has now been traced for approximately 250 metres along strike and from surface to a depth of approximately 550 metres. The system remains open at depth and down plunge to the east.

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 5% pyrite and multiple occurrences of visible gold.

With these encouraging results, the Company plans to complete a $5 million drilling program of approximately 50 drill holes totaling 30,000 metres this summer with three drill rigs. This infill program on a 50 metre spacing is expected to be sufficient to assess the underground potential of zone 58N.

Drilling to date highlights the potential for high-grade gold mineralization of the Lower Detour Deformation Zone, which extends for over 30 kilometres on the Detour Lake property. Detour Gold also completed 14,000 kilometres of high resolution airborne magnetics and over 50 kilometres of ground Induced Polarization (IP) surveys, which will further assist in delineating future targets on its 630 square kilometre property.

Technical Information

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. 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 (AAS finish). Samples with higher grade gold (>5 g/t) or with visible gold are re-assayed using the pulp and fire assay with gravimetric finish procedures. The Company’s quality control checks include the insertion of standard reference materials and blank samples to monitor the precision and accuracy of the assay data.

Drill hole location map and cross sections are posted on the Company’s website under Projects/Detour Lake Exploration:Regional.

About Detour Gold

Detour Gold is an intermediate gold producer in Canada that holds a 100% interest in the Detour Lake mine, a long life large-scale open pit operation.

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 plan to complete a 30,000 metre drilling program this summer, expectation that the infill program will be sufficient to determine the underground potential of zone 58N, and the potential for high-grade gold mineralization of the Lower Detour Deformation Zone.

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 2014 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.

58N Zone, Lower Detour Area – Significant Assay Results from 2015 Drilling Program

Shown by sections from East to West and Drill Holes from South to North

Hole No. From
(m)
To
(m)
Length
(m)
Au g/t
(uncut)
Au g/t
(cut to
30 g/t)
Mineralized Zone
(IFP= intermediate feldspar porphyry)
(MV=mafic volcanic)
Section 595680E
DLD-15-132 507.5 543.0 35.50 3.21 2.44 58N IFP & MV; quartz-tourmaline veins; VG
Incl. 507.5 511.6 4.1 14.89 10.26
Section 595630E
DLD-15-131 315.0 323.5 8.5 18.08 4.32 58 IFP; quartz veins; VG
521.1 540.0 18.9 5.92 4.03 58N sericitized IFP; quartz-tourmaline veins; VG
Incl. 531.0 536.0 5.0 12.30 7.74
561.5 570.4 8.9 6.10 5.95 58N sericitized IFP; quartz-tourmaline veins; VG
Incl. 568.0 570.4 2.4 13.14 12.60
Section 595580E
DLD-15-129 521.0 538.7 17.7 1.41 1.41 58N IFP & MV; quartz veins
Incl. 536.0 538.7 2.7 4.33 4.33
554.2 566.8 12.6 2.31 2.31 58N sericitized IFP; quartz-tourmaline veins; VG
Section 595530E
DLD-15-134 707.5 746.0 38.5 1.64 1.64 58N sericitized IFP; quartz-tourmaline veins; VG
Incl. 727.5 734.0 6.5 4.91 4.91
DLD-15-127 489.7 520.7 31.0 1.96 1.96 58N sericitized IFP; quartz-tourmaline veins; VG
Incl. 512.0 520.7 8.7 4.15 4.15
Section 595480E
DLD-15-128 514.0 528.0 14.0 1.63 1.63 58N sericitized IFP; quartz-tourmaline veins; VG
562.0 574.0 12.0 9.53 7.26 58N sericitized IFP; quartz-tourmaline veins; VG
Incl. 569.0 574.0 5.0 22.41 16.98
Section 595430E
DLD-15-130A 543.6 563.0 19.4 1.98 1.98 58N sericitized IFP; quartz-tourmaline veins; VG
Incl. 547.0 555.0 8.0 3.05 3.05
Section 595380E
DLD-15-133 420.0 431.0 11.0 1.37 1.37 58 silicified IFP; quartz veins
455.0 463.0 8.0 1.35 1.35 75 MV & silicified shear zone

Note: True width is estimated to be 65 to 75% of the drilled length. Reported intervals are also shown with an assay cap of 30 g/t. Reported average gold grade is over core length widths. Some of the assays reported herein are still subject to re-assay using a gravimetric finish.

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

NT3

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