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Detour Gold Corp.
Summary
| Project: | Detour Lake | |
|---|---|---|
| Deposit: | Detour Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-2-2018: Detour Gold Corp. announces a Resource Estimation report for its Detour Lake deposit at the Detour Lake project. Updated mineral resource and ore reserve for 2017. February 22, 2018 – Detour Gold Corporation (TSX: DGC) (“Detour Gold” or the “Co | |
| Resources: | (Reserve, P+P): 508Mt @ 0.97g/t Au for 15.814Moz Au contained at project | |
| CP/QP: | [Resources]: Paul Daigle (P. Daigle Consulting Services) | |
| ABSTRACT: | February 22, 2018 – Detour Gold Corporation (TSX: DGC) (“Detour Gold” or the “Company”) today reports its updated mineral reserves and resources as of December 31, 2017. All amounts are in U.S. dollars unless otherwise indicated. The complete mineral reserve and resource statement can be found at the end of this news release. Mineral reserves at December 31, 2017 were 15.8 million ounces of gold. The decrease from year-end 2016 is attributable to mining depletion at the Detour Lake pit. There was no change to the gold price assumption of $1,000 per ounce at an exchange rate of 1.00US:1.10CDN for estimating mineral reserves. In 2017, there was no infill drilling targeting mineral reserves within the Detour Lake pit and West Detour project. Based on the expected throughput rates projected in the March 2017 LOM plan, the remaining mineral reserve life of the Detour Lake mine is approximately 22 years as of December 31, 2017. Measured and indicated resources of 3.9 million ounces and inferred resources of 1.2 million ounces were essentially unchanged from year-end 2016. There was no change to the gold price assumption of $1,200 per ounce at an exchange rate of 1.00US:1.10CDN for estimating mineral resources. | |
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