Detour Lake: Discovery of a World-Class Gold Deposit in Ontario

The Detour Lake gold project is located in northeastern Ontario, approximately 300 km northeast of Timmins, within the Abitibi greenstone belt in the northwestern portion of the Archean Superior Province. Historically this greenstone belt has produced approximately 180 million ounces of gold, largely from narrow vein underground mining. The Detour Lake project is a site of extensive past exploration since 1974, as well as underground and limited open pit mining activity from 1983 to 1999. During this period, it produced 1.8 million ounces of gold. Underground mining focused on narrow vein conventional shrinkage and mechanized longhole stoping. After acquiring the property in January 2007, Detour Gold Corporation initiated a comprehensive drill campaign to define the potential for a large, open pitable, low-grade gold deposit. From 2007 to present, Detour Gold has completed over 500,000 metres of diamond drilling. A technical report completed in March 2011 defined an open pit mineral reserve of 14.9 million ounces of gold, which is Canada's largest undeveloped gold reserve. The Detour Lake project is currently in development and infrastructure construction of the mine facilities started at year-end 2010, after all the necessary Provincial regulatory permits were received. Gold production is expected to commence in early 2013. Gold mineralization at Detour Lake is associated with a large scale deformation zone (Sunday Lake Deformation Zone; "SLDZ") that occurs at the contact between the 2.72 Ga Deloro Group mafic metavolcanics and the 2.69 Ga Porcupine Assemblage metasedimentary and metavolcanic rocks. The bulk of the gold mineralization is found in the hanging wall of the SLDZ, which is associated with a stockwork of auriferous quartz veins that splay from a flexure along the deformation corridor. The mineralization forms a 200-350 metres wide auriferous corridor defined over 3 kilometres along the strike of the mafic metavolcanic assemblage, from surface to at least 1,000 metres depth. The richest gold mineralized zones are commonly associated with quartz veins with a strong biotite alteration and local zones of pyrrhotite-chalcopyrite-pyrite-gold enrichment formed during the deformation of the quartz vein system.