GOLD: Detour outlines updated life of mine plan for Detour Lake

ONTARIO – Toronto-based Detour Gold Corp. has updated the life of mine plan for its Detour Lake gold producer 185 km northeast of the town of Cochrane. The life of the project has been increased to approximately 23 years, two more than seemed likely in the 2016 plan. [caption id="attachment_1003717729" align="alignright" width="300"] The latest estimate gives the Detour Lake project at least 23 more years of production.[/caption] The mine plan includes the continued development of the Detour Lake pit. Mining will begin in the North pit in 2019 and the West Detour pit in 2025. The mining rate will increase gradually from 100 million tonnes this year to 125 million tonnes in 2022. Two more shovels and two more trucks will be added to the fleet to handle the increased tonnage. The processing plant will also boost its annual throughput to 23 million tonnes in 2021 and beyond from 21.5 million tonnes. Daily capacity will be 60,000 tonnes of run-of-mine ore and 3,000 tonnes of low grade fines. The low grade material – 0.45 to 0.50 g/t gold – is being stockpiled, and processing it will begin in 2019. Detour Gold said that at the end of 2016, proven and probable reserves for the entire project totaled 530.2 million tonnes grading 0.97 g/t gold and containing 16.5 million oz. The total measured and indicated resource is 119.5 million tonnes grading 1.01 g/t and containing 3.9 million oz. of gold. Finally, the inferred resource is 44.9 million tonnes at 0.82 g/t gold that contains approximately 1.2 million oz. of gold. Additional information is available at www.DetourGold.com.