Detour Gold Reports First Results of 2007 Phase II Drilling at its Detour Lake Property in Northern Ontario, Canada
Friday, January 18th, 2008
Detour Gold Corporation 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 totalling 63,432 m (including 15 holes abandoned for 1,290 m). 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 m 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 mineralisation 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 m 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 km. In the Gap Zone, eight (8) of the nine (9) drill holes (including one abandoned) tested only a small portion of the mineralised 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.