Detour Gold Reports 2017 Year-end Mineral Reserves and Resources

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Overig advies 23/02/2018 07:17
TORONTO , Feb. 22, 2018 /CNW/ - 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.

Detour Gold (CNW Group/Detour Gold)

2017 Year-end Mineral Reserves
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.

Qualified Persons
Drew Anwyll , P.Eng., Senior Vice President Technical Services, has approved the scientific and technical information contained in this news release.

The mineral reserve and mineral resource estimates for the Detour Lake operation (except for the North pit mineral resources) were prepared under the supervision of Drew Anwyll , P.Eng., Senior Vice President Technical Services and the mineral resources for the North pit were prepared by Paul Daigle , P.Geo, of P. Daigle Consulting Services, both Qualified Persons as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects".



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