Detour Gold reports initial mineral resource for Zone 58N – by Staff (Northern Ontario Business – July 26, 2018)

Gold deposit located near Detour Lake gold mine

Detour Gold is reporting an initial mineral resource for its Zone 58N, which is located six kilometres south of the Detour Lake gold mine.

The mineral resource estimate is comprised of an indicated resource of 2.87 million tonnes grading 5.80 grams per tonne for 534,300 ounces of gold, and an inferred resource of 0.97 million tonnes grading 4.35 grams per tonne for 136,100 ounces of gold.

“Detour Gold is in the fortunate position of having a large mineral reserve base of 16 million ounces supporting a mine life of 23 years,” said Michael Kenyon, Detour Gold’s interim CEO, in a July 26 news release.

“The strategy undertaken over the last few years in advancing Zone 58N is to leverage the infrastructure we have in this prospective gold camp by finding high-grade satellite deposits within trucking distance to our mill.

“With this initial resource at Zone 58N, which remains open at depth, and other prospective targets we have identified in our exploration programs, we are beginning to demonstrate the benefits of this strategy, and look forward to further advancing Zone 58N and other future discoveries on our large 647-square-kilometre land position.”

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