PDX Resources Advised of Drill Results From Detour Gold's Drilling Program at Detour Lake, Ontario
(4.19 g/t / 118.0 m in Gap Zone and 4.34 g/t / 91.0 m in West Pit)
- Press Release
- Source: PDX Resources Inc.
- On 4:57 pm EST, Tuesday December 16, 2008
TORONTO, ONTARIO--(MARKET WIRE)--Dec 16, 2008 -- PDX Resources Inc. (Toronto:PLG.TO - News) ("PDX") has been advised by Detour Gold Corporation ("Detour Gold") that it has released drill results of 37 holes totaling 16,756 metres from its Phase II and III drilling program at the Detour Lake property in northern Ontario. In 2008, the Company completed 121,506 metres of drilling in 316 holes and 231,104 metres in 621 holes on the Detour Lake deposit since it acquired the project in early 2007. Assays are pending for approximately 36,400 metres of drilling.
PDX has a 42.4% equity interest in Detour Gold (19 million shares). Detour Gold issued a press release today, the verbatim text of which follows:
"Detour Gold Reports Additional Drill Results from its Detour Lake Property in Ontario"
(4.19 g/t / 118.0 m in Gap Zone and 4.34 g/t / 91.0 m in West Pit)
Detour Gold Corporation (Toronto:DGC.TO - News) ("Detour Gold" or the "Company") is pleased to report assay results for an additional 37 holes totaling 16,756 metres from its Phase II and III infill drilling program at its 100% owned Detour Lake project in northern Ontario. The drilling has been suspended for the holidays and is scheduled to resume on January 5, 2009. In 2008, the Company completed 121,506 metres of drilling in 316 holes and 231,104 metres in 621 holes on the Detour Lake deposit since it acquired the project in early 2007. Assays are pending for approximately 36,400 metres of drilling.
Today's results continue to indicate additional gold mineralization within the US$700 pit shell (mineral resource reported in Press Release dated July 2, 2008), which should positively impact the final pit design for the feasibility study expected in 2009.
Results from 19 holes drilled at the eastern end of the deposit (east end of former open pit) between sections 19,280E and 20,280E encountered significant gold mineralization within the US$700 pit shell. Of importance, on section 19,480E, hole DG-08-464 intersected 1.52 g/t over 42.5 metres and hole DG-08-470 intersected 2.01 g/t over 35.0 metres. In addition, hole DG-08-469 encountered 4.34 g/t (uncut) or 1.95 g/t (cut) over 91.0 metres in the footwall rocks (Sunday Lake Deformation Zone).
Results from ten holes infilling the centre of the deposit (Gap Zone between sections 18,620E and 19,240E) intersected significant gold mineralization in the core of the mineralized corridor. In particular, hole DG-08-424 intersected 4.19 g/t (uncut) or 2.48 g/t (cut) over 118.0 metres and DG-08-439 intersected 1.03 g/t over 77.0 metres and 4.02 g/t (uncut) or 2.74 g/t (cut) over 47.0 metres.
Additional gold mineralization was encountered in all eight holes drilled in the core of the Calcite Zone within the US$700 pit shell.
The best mineralized (uncut) intervals encountered are shown below.
Calcite Zone
DG-08-425 DG-08-438A DG-08-462
9.41 g/t over 7.0 m 8.05 g/t over 5.65 g/t over
7.0 m 15.5 m
1.65 g/t over 39.0 m 7.93 g/t over
7.0 m
Gap Zone
DG-08-424 DG-08-434 DG-08-439 DG-08-443
1.48 g/t over 39.8 m 12.51 g/t over 1.03 g/t over 2.02 g/t over 28.0 m
4.19 g/t over 118.0 m 10.0 m 77.0 m
4.02 g/t over 4.57 g/t over 12.0 m
47.0 m 5.01 g/t over 39.0 m
West Pit
DG-08-426 DG-08-433 DG-08-436 DG-08-447
1.71 g/t over 34.0 m 2.04 g/t over 3.70 g/t over 7.45 g/t over 7.0 m
25.0 m 30.0 m
DG-08-448 DG-08-456 DG-08-464 DG-08-465
3.06 g/t over 19.0 m 1.88 g/t over 1.52 g/t over 1.73 g/t over 47.5 m
35.0 m 42.5 m
6.05 g/t over
14.0 m
DG-08-469 DG-08-470
4.34 g/t over 91.0 m 2.01 g/t over
35.0 mIn November 2008, the Company also completed an 8,000 metre infill drilling program on a 20 metre by 20 metre grid in the eastern portion of the deposit. The drilling focussed on an area of 80 metres along strike (19,420E to 19,500E) by 300 metre in width (north-south) to a depth of 160 metres. Results from this program are expected in early 2009. This program will further support the feasibility study since this portion of the deposit is scheduled to be mined in the first years of operation.
Complete tables of results, surface and longitudinal plans and cross-sections for the Detour Lake deposit are posted on the Company's website www.detourgold.com /Projects/Detour Lake or http://www.detourgold.com/s/LatestDrillResults.asp or on the home page "Explore Detour Lake".
Detour Gold's exploration program is being managed by Project Manager, Mr. Roger Aubertin, P.Eng., a Qualified Person within the meaning of National Instrument 43-101. Mr. Aubertin has verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information. Samples are prepared and assayed at SGS Minerals Services in Don Mills, Ontario, Canada. Analysis for gold is done on sawn half core samples using fire assay (AA finish). Samples with higher grade gold (greater than 5 g/t) are re-assayed using the pulp and metallics procedures. Standard reference materials, blank and field duplicate samples are inserted prior to shipment from site to monitor the quality control of the assay data. For additional information on Quality Assurance and Quality Control ("QA/QC"), refer to the press release dated April 11, 2007.
For further information, please contact:
Gerald Panneton, Laurie Gaborit,
President and CEO Director Investor Relations
Tel: (416) 304.0800 Tel: (416) 304.0581
Detour Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street,
Suite 2040, Toronto, Ontario M5J 2J1
Detour Lake Project - Highlights of Drill Results
----------------------------------------------------------------------------
Au Cut
Au to 20
Section From To Length Uncut g/t Host Rock
Hole No. No. (m) (m) (m) (g/t) (g/t) Unit
----------------------------------------------------------------------------
DG-08-421
(West Pit) 20,280E No Significant Results
----------------------------------------------------------------------------
DG-08-422
(Gap Zone) 18,920E 228.0 249.5 21.5 0.84 0.84
--------------------------------------------------------
Lower
PF/Lower
452.0 474.0 22.0 1.15 1.15 MF
--------------------------------------------------------
490.0 506.0 16.0 0.90 0.90
--------------------------------------------------------
572.0 579.0 7.0 2.98 2.98
----------------------------------------------------------------------------
DG-08-424
(Gap Zone) 18,620E 437.0 448.0 11.0 1.38 1.38
--------------------------------------------------------
Lower
Pillow
464.0 503.8 39.8 1.48 1.20 Flow
--------------------------------------------------------
Inc. 490.0 491.0 1.0 31.12 20.00
--------------------------------------------------------
542.0 549.0 7.0 2.97 2.97
--------------------------------------------------------
Lower
Pillow
563.0 681.0 118.0 4.19 2.48 Flow
--------------------------------------------------------
Inc. 573.0 574.0 1.0 66.63 20.00
--------------------------------------------------------
Inc. 576.0 577.0 1.0 27.00 20.00
--------------------------------------------------------
Inc. 577.0 577.5 0.5 56.96 20.00
--------------------------------------------------------
Inc. 578.0 579.0 1.0 23.70 20.00
--------------------------------------------------------
Inc. 579.0 580.0 1.0 45.10 20.00
--------------------------------------------------------
Inc. 580.5 581.0 0.5 209.54 20.00
--------------------------------------------------------
Inc. 600.5 601.0 0.5 26.77 20.00
--------------------------------------------------------
Inc. 653.0 653.5 0.5 26.06 20.00
--------------------------------------------------------
692.0 699.0 7.0 1.16 1.16
--------------------------------------------------------
750.0 764.0 14.0 0.93 0.93
--------------------------------------------------------
Lower
Mafic
772.0 790.0 18.0 1.41 1.41 Flow
----------------------------------------------------------------------------
DG-08-425 Upper
(Calcite Mafic
Zone) 18,420E 327.0 334.0 7.0 9.41 7.33 Flow
--------------------------------------------------------
Inc. 327.0 328.0 1.0 20.70 20.00
--------------------------------------------------------
Inc. 330.8 331.3 0.5 34.76 20.00
--------------------------------------------------------
331.3 332.0 0.7 29.30 20.00
--------------------------------------------------------
Lower
Pillow
375.0 382.0 7.0 6.42 2.86 Flow
--------------------------------------------------------
Inc. 375.5 376.0 0.5 69.74 20.00
--------------------------------------------------------
470.0 483.0 13.0 0.74 0.74
--------------------------------------------------------
513.0 526.0 13.0 0.97 0.97
--------------------------------------------------------
Lower
Mafic
570.0 580.0 10.0 2.82 2.82 Flow
--------------------------------------------------------
Lower
Mafic
599.0 638.0 39.0 1.65 1.65 Flow
--------------------------------------------------------
656.0 663.0 7.0 2.50 2.50
----------------------------------------------------------------------------
DG-08-426
(West Pit) 19,360E 38.0 51.0 13.0 0.86 0.86
--------------------------------------------------------
221.0 234.0 13.0 0.72 0.72
--------------------------------------------------------
Lower
Mafic
260.0 294.0 34.0 1.71 1.54 Flow
--------------------------------------------------------
Inc. 287.0 287.5 0.5 31.33 20.00
--------------------------------------------------------
345.0 352.0 7.0 1.01 1.01
--------------------------------------------------------
367.0 376.0 9.0 1.28 1.28
--------------------------------------------------------
404.0 423.0 19.0 1.00 1.00
----------------------------------------------------------------------------
DG-08-427 19,080E
(Gap Zone) No Significant Results
----------------------------------------------------------------------------
DG-08-428 19,120E
(Gap Zone) 78.0 86.0 8.0 2.99 2.99
--------------------------------------------------------
----------------------------------------------------------------------------
DG-08-429 19,360E
(West Pit) 338.0 361.0 23.0 0.82 0.82
--------------------------------------------------------
483.5 493.7 10.2 1.42 1.42
--------------------------------------------------------
Lower
Pillow
517.0 533.0 16.0 1.87 1.74 Flow
--------------------------------------------------------
Inc. 518.0 519.0 1.0 22.12 20.00
--------------------------------------------------------
Lower
Mafic
544.0 551.0 7.0 6.18 1.95 Flow
--------------------------------------------------------
Inc. 547.5 548.0 0.5 79.26 20.00
----------------------------------------------------------------------------
DG-08-430 19,160E
(Gap Zone) 57.0 68.0 11.0 0.68 0.68
--------------------------------------------------------
120.0 127.0 7.0 1.53 1.53
----------------------------------------------------------------------------
Lower
DG-08-431 19,160E Mafic
(Gap Zone) 75.0 89.0 14.0 3.00 2.13 Flow
--------------------------------------------------------
Inc. 88.0 89.0 1.0 32.15 20.00
--------------------------------------------------------
109.0 120.0 11.0 1.38 1.38
--------------------------------------------------------
Lower
Mafic
152.0 185.0 33.0 0.96 0.96 Flow
--------------------------------------------------------
204.0 211.0 7.0 1.18 1.18
----------------------------------------------------------------------------
DG-08-432 Upper
(Calcite Mafic
Zone) 18,380E 228.0 240.0 12.0 3.70 2.30 Flow
--------------------------------------------------------
Inc. 233.5 234.5 1.0 36.80 20.00
--------------------------------------------------------
283.0 296.0 13.0 1.42 1.42
--------------------------------------------------------
367.0 385.0 18.0 1.14 1.14
--------------------------------------------------------
Lower
Mafic
570.0 590.0 20.0 1.33 1.29 Flow
--------------------------------------------------------
Inc. 588.7 589.2 0.5 21.50 20.00
----------------------------------------------------------------------------
DG-08-433
(West Pit) 19,280E 43.0 56.0 13.0 0.86 0.86
--------------------------------------------------------
286.0 308.0 22.0 0.93 0.93
--------------------------------------------------------
333.0 343.0 10.0 2.09 2.09
--------------------------------------------------------
Lower
Pillow
378.0 385.0 7.0 4.61 1.89 Flow
--------------------------------------------------------
Inc. 378.5 379.0 0.5 57.97 20.00
--------------------------------------------------------
415.0 425.0 10.0 0.71 0.71
--------------------------------------------------------
440.0 467.0 27.0 0.90 0.90
--------------------------------------------------------
Lower
Mafic
492.0 517.0 25.0 2.04 1.23 Flow
--------------------------------------------------------
Inc. 495.0 495.5 0.5 60.77 20.00
----------------------------------------------------------------------------
DG-08-434
(Gap Zone) 19,200E 27.0 40.0 13.0 0.84 0.84
--------------------------------------------------------
84.0 91.0 7.0 1.68 1.68
--------------------------------------------------------
Lower
Mafic
176.0 186.0 10.0 12.51 1.56 Flow
--------------------------------------------------------
Inc. 178.0 178.5 0.5 239.00 20.00
--------------------------------------------------------
206.0 235.0 29.0 0.76 0.76
----------------------------------------------------------------------------
DG-08-435
(Calcite
Zone) 18,580E 239.0 259.0 20.0 1.19 1.19
--------------------------------------------------------
269.0 284.0 15.0 1.03 1.03
--------------------------------------------------------
324.0 331.0 7.0 3.28 3.28
--------------------------------------------------------
423.0 444.0 21.0 1.15 1.15
--------------------------------------------------------
472.0 495.0 23.0 1.03 1.03
--------------------------------------------------------
Lower
Pillow
540.0 547.0 7.0 4.63 4.55 Flow
--------------------------------------------------------
Inc. 542.0 543.0 1.0 20.62 20.00
--------------------------------------------------------
585.0 595.0 10.0 1.10 1.10
--------------------------------------------------------
602.0 631.0 29.0 0.81 0.81
----------------------------------------------------------------------------
Lower
DG-08-436 Pillow
(West Pit) 19,280E 104.0 134.0 30.0 3.70 1.73 Flow
--------------------------------------------------------
Inc. 109.0 110.0 1.0 78.98 20.00
--------------------------------------------------------
328.0 342.0 14.0 1.21 1.21
----------------------------------------------------------------------------
DG-08-437
(West Pit) 19,280E 189.0 216.0 27.0 0.89 0.89
--------------------------------------------------------
250.0 264.0 14.0 1.10 1.10
--------------------------------------------------------
321.0 333.0 12.0 1.22 1.22
--------------------------------------------------------
374.0 390.0 16.0 0.79 0.79
--------------------------------------------------------
401.0 413.0 12.0 0.73 0.73
--------------------------------------------------------
447.0 457.0 10.0 1.64 1.64
--------------------------------------------------------
512.0 519.0 7.0 1.00 1.00
--------------------------------------------------------
550.0 560.7 10.7 2.03 2.03
--------------------------------------------------------
Lower
Mafic
582.0 596.0 14.0 2.05 2.05 Flow
----------------------------------------------------------------------------
DG-08-438
(Calcite
Zone) 18,220E Abandoned at 38m. Not sampled.
----------------------------------------------------------------------------
DG-08-438A Upper
(Calcite Mafic
Zone) 18,220E 62.0 69.0 7.0 8.05 3.28 Flow
--------------------------------------------------------
Inc. 62.0 63.0 1.0 53.40 20.00
--------------------------------------------------------
Lower
Pillow
155.0 172.0 17.0 2.23 2.19 Flow
--------------------------------------------------------
Inc. 161.0 162.0 1.0 20.70 20.00
--------------------------------------------------------
Lower
Pillow
191.0 219.5 28.5 1.35 1.35 Flow
--------------------------------------------------------
237.0 247.0 10.0 1.24 1.24
--------------------------------------------------------
391.0 398.0 7.0 1.63 1.63
--------------------------------------------------------
436.0 443.0 7.0 3.08 2.03
--------------------------------------------------------
Inc. 436.5 437.0 0.5 34.63 20.00
----------------------------------------------------------------------------
DG-08-439
(Gap Zone) 18,660E 174.0 188.0 14.0 1.63 1.63
--------------------------------------------------------
213.0 222.0 9.0 0.94 0.94
--------------------------------------------------------
302.0 309.0 7.0 3.42 2.09
--------------------------------------------------------
Inc. 304.5 305.0 0.5 38.67 20.00
--------------------------------------------------------
Lower
Pillow
393.0 470.0 77.0 1.03 1.03 Flow
--------------------------------------------------------
Lower
Pillow
497.0 544.0 47.0 4.02 2.74 Flow
--------------------------------------------------------
Inc. 521.0 522.0 1.0 46.07 20.00
--------------------------------------------------------
Inc. 525.0 526.0 1.0 42.17 20.00
--------------------------------------------------------
Inc. 532.0 533.0 1.0 23.66 20.00
--------------------------------------------------------
Inc. 534.0 535.0 1.0 28.20 20.00
----------------------------------------------------------------------------
Lower
Pillow
568.0 582.0 14.0 1.95 1.95 Flow
--------------------------------------------------------
611.0 627.0 16.0 1.01 1.01
----------------------------------------------------------------------------
DG-08-441 19,240E
(Gap Zone) 390.0 398.0 8.0 0.92 0.92
--------------------------------------------------------
Lower
Pillow
413.0 432.0 19.0 1.87 1.66 Flow
--------------------------------------------------------
Inc. 429.0 429.5 0.5 27.84 20.00
--------------------------------------------------------
Lower
589.0 604.0 15.0 2.41 2.41 Mafic Flow
----------------------------------------------------------------------------
DG-08-442
(West Pit) 19,340E 46.0 54.7 8.7 0.81 0.81
--------------------------------------------------------
----------------------------------------------------------------------------
DG-08-443
(Gap Zone) 18,720E 283.0 290.0 7.0 2.90 2.90
----------------------------------------------------------------------------
311.0 323.0 12.0 1.12 1.12
--------------------------------------------------------
332.0 344.0 12.0 0.88 0.88
--------------------------------------------------------
383.0 394.0 11.0 0.93 0.93
--------------------------------------------------------
Lower
Pillow
404.0 424.0 20.0 1.37 1.37 Flow
--------------------------------------------------------
Lower
Pillow
454.0 482.0 28.0 2.02 1.01 Flow
--------------------------------------------------------
Inc. 454.5 455.0 0.5 25.96 20.00
--------------------------------------------------------
Inc. 468.8 469.3 0.5 70.80 20.00
--------------------------------------------------------
Lower
Pillow
494.0 506.0 12.0 4.57 2.29 Flow
--------------------------------------------------------
Inc. 494.0 494.5 0.5 30.34 20.00
--------------------------------------------------------
Inc. 504.5 505.0 0.5 64.32 20.00
--------------------------------------------------------
519.0 526.0 7.0 1.18 1.18
--------------------------------------------------------
Lower
579.0 618.0 39.0 5.01 2.24 Mafic Flow
--------------------------------------------------------
Inc. 587.5 588.0 0.5 22.29 20.00
--------------------------------------------------------
Inc. 599.0 599.9 0.9 78.71 20.00
--------------------------------------------------------
Inc. 612.0 612.5 0.5 96.92 20.00
--------------------------------------------------------
Inc. 617.5 618.0 0.5 51.79 20.00
--------------------------------------------------------
642.0 650.0 8.0 1.41 1.41
--------------------------------------------------------
659.0 667.0 8.0 1.20 1.20
--------------------------------------------------------
679.0 706.0 27.0 1.33 1.33 CMH/SLDZ
--------------------------------------------------------
714.0 721.0 7.0 1.25 1.25
----------------------------------------------------------------------------
DG-08-444
(West Pit) 19,360E 71.0 78.0 7.0 3.19 2.02
--------------------------------------------------------
Inc. 72.5 73.0 0.5 36.31 20.00
----------------------------------------------------------------------------
DG-08-445
(West Pit) 19,440E 38.0 48.5 10.5 2.27 2.27
--------------------------------------------------------
72.0 86.0 14.0 1.30 1.30
--------------------------------------------------------
100.0 107.0 7.0 1.34 1.34
----------------------------------------------------------------------------
DG-08-447
(West Pit) 19,440E 44.0 57.0 13.0 1.33 1.33
--------------------------------------------------------
Lower
145.0 152.0 7.0 7.45 2.48 Mafic Flow
--------------------------------------------------------
Inc. 146.5 147.0 0.5 89.70 20.00
--------------------------------------------------------
163.0 176.0 13.0 0.74 0.74
----------------------------------------------------------------------------
Upper
DG-08-448 Pillow
(West Pit) 19,360E 20.0 58.0 38.0 1.12 1.12 Flow
--------------------------------------------------------
Lower
Pillow
94.0 113.0 19.0 3.06 3.02 Flow
--------------------------------------------------------
Inc. 98.0 99.0 1.0 20.90 20.00
--------------------------------------------------------
150.0 164.0 14.0 0.85 0.85
--------------------------------------------------------
217.0 224.0 7.0 1.39 1.39
--------------------------------------------------------
Lower
Pillow
294.0 323.0 29.0 0.99 0.99 Flow
--------------------------------------------------------
Lower
382.0 390.0 8.0 6.10 4.27 Mafic Flow
--------------------------------------------------------
Inc. 386.3 386.8 0.5 20.64 20.00
--------------------------------------------------------
Inc. 386.8 387.3 0.5 48.74 20.00
----------------------------------------------------------------------------
DG-08-449 Lower
(Calcite Pillow
Zone) 18,500E 50.0 75.0 25.0 1.29 1.29 Flow
--------------------------------------------------------
105.0 132.5 27.5 0.69 0.69
--------------------------------------------------------
152.0 161.5 9.5 0.90 0.90
--------------------------------------------------------
Lower
195.8 204.0 8.2 5.05 3.19 Mafic Flow
--------------------------------------------------------
Inc. 196.3 196.8 0.5 50.53 20.00
--------------------------------------------------------
219.0 231.0 12.0 1.02 1.02
----------------------------------------------------------------------------
DG-08-454
(West Pit) 19,640E 78.0 85.0 7.0 1.75 1.75
--------------------------------------------------------
----------------------------------------------------------------------------
DG-08-455
(Calcite
Zone) 18,500E 18.0 28.3 10.3 0.93 0.93
--------------------------------------------------------
131.0 138.0 7.0 1.09 1.09
----------------------------------------------------------------------------
DG-08-456
(West Pit) 19,400E 14.0 23.0 9.0 1.10 1.10
--------------------------------------------------------
Upper
Pillow
61.0 80.0 19.0 1.87 1.87 Flow
----------------------------------------------------------------------------
Upper
Pillow
90.0 125.0 35.0 1.88 1.88 Flow
--------------------------------------------------------
Lower
Pillow
178.0 203.0 25.0 1.16 1.04 Flow
--------------------------------------------------------
Inc. 185.5 186.0 0.5 26.10 20.00
--------------------------------------------------------
304.0 322.0 18.0 0.90 0.90
----------------------------------------------------------------------------
DG-08-458
(West Pit) 19,400E 528.0 541.0 13.0 0.83 0.83
--------------------------------------------------------
586.0 594.0 8.0 1.76 1.76
----------------------------------------------------------------------------
DG-08-462
(Calcite
Zone) 18,500E 84.0 113.0 29.0 0.69 0.69
--------------------------------------------------------
157.0 172.0 15.0 0.66 0.66
--------------------------------------------------------
188.0 198.0 10.0 1.98 1.98
--------------------------------------------------------
Upper
223.0 238.5 15.5 5.65 3.17 Mafic Flow
--------------------------------------------------------
Inc. 228.0 228.5 0.5 97.04 20.00
--------------------------------------------------------
254.0 263.0 9.0 1.79 1.79
--------------------------------------------------------
329.0 336.0 7.0 1.38 1.38
--------------------------------------------------------
610.0 617.0 7.0 1.09 1.09
--------------------------------------------------------
Lower
643.0 650.0 7.0 7.93 3.24 Mafic Flow
--------------------------------------------------------
Inc. 647.5 648.0 0.5 82.26 20.00
--------------------------------------------------------
Inc. 648.0 648.5 0.5 23.40 20.00
--------------------------------------------------------
668.0 676.0 8.0 2.08 1.47
--------------------------------------------------------
Inc. 668.0 668.5 0.5 29.73 20.00
--------------------------------------------------------
Lower
697.0 718.0 21.0 1.34 1.34 Mafic Flow
--------------------------------------------------------
733.0 741.0 8.0 5.13 5.03 CMH/SLDZ
--------------------------------------------------------
Inc. 740.0 741.0 1.0 20.81 20.00
----------------------------------------------------------------------------
DG-08-464
(West Pit) 19,480E 9.0 24.0 15.0 1.60 1.60
--------------------------------------------------------
91.0 105.0 14.0 0.75 0.75
--------------------------------------------------------
Lower
PF/Lower
166.0 208.5 42.5 1.52 1.52 MF
--------------------------------------------------------
Lower
293.0 307.0 14.0 6.05 2.73 Mafic Flow
--------------------------------------------------------
Inc. 296.0 296.5 0.5 100.65 20.00
--------------------------------------------------------
Inc. 306.0 307.0 1.0 26.10 20.00
--------------------------------------------------------
337.0 345.0 8.0 1.31 1.31
--------------------------------------------------------
374.0 385.0 11.0 1.75 1.75
----------------------------------------------------------------------------
DG-08-465 Lower
(West Pit) 19,920E 235.0 282.5 47.5 1.73 1.69 Mafic Flow
--------------------------------------------------------
Inc. 246.0 246.5 0.5 23.26 20.00
----------------------------------------------------------------------------
DG-08-468
(West Pit) 19,920E 441.0 458.0 17.0 0.99 0.99
--------------------------------------------------------
----------------------------------------------------------------------------
DG-08-469
(West Pit) 19,920E 240.0 250.0 10.0 0.90 0.90
--------------------------------------------------------
Talc
265.0 356.0 91.0 4.34 1.95 Schist
--------------------------------------------------------
Inc. 290.0 291.0 1.0 23.20 20.00
--------------------------------------------------------
Inc. 311.0 312.0 1.0 234.91 20.00
----------------------------------------------------------------------------
DG-08-470
(West Pit) 19,480E 10.5 20.0 9.5 1.61 1.61
--------------------------------------------------------
41.0 64.0 23.0 0.90 0.90
--------------------------------------------------------
Upper
Pillow
78.0 113.0 35.0 2.01 2.01 Flow
--------------------------------------------------------
136.0 147.0 11.0 1.00 1.00
--------------------------------------------------------
157.0 165.0 8.0 2.05 2.05
--------------------------------------------------------
195.0 206.0 11.0 0.98 0.98
--------------------------------------------------------
264.0 290.0 26.0 0.62 0.62
----------------------------------------------------------------------------
Note: All values above 20 g/t in the composite are reported in the table.
True width is estimated to be 65 to 75% of the drilled length.Forward-Looking Information
This press release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Specifically, this press release includes forward-looking statements regarding: the Company's planned drilling program and estimate of the quantity and quality of its mineral resources. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, the uncertainties involved in interpreting geological data and other risks involved in the gold exploration and development industry as well as those risk factors listed in the Company's Annual Information Form (AIF), Item 4.4 - "Description of Business - Risk Factors" filed on SEDAR. Readers are cautioned that the list of factors included in the AIF is not exhaustive of the factors that may affect the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, the following assumptions: the Company's exploration and development activities on the Detour Lake Property will proceed in accordance with the Company's current timetables; and the Company's resource estimates, geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral resources) and operational and price assumptions on which the resource estimates are based, are accurate. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.
Information Concerning Estimates of Mineral Resources
This news release uses the terms 'measured', 'indicated' and 'inferred' resources. Detour Gold advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable."
About PDX Resources Inc.
PDX (formerly named Pelangio Mines Inc.) holds a 42.4% equity interest in Detour Gold Corporation (Toronto:DGC.TO - News), which controls the Detour Lake advanced gold exploration project. PDX provides prospective investors with an opportunity to participate in potential increases in the size of the resource at the Detour Lake project and the value of PDX's equity interest in Detour. PDX's shareholders are also uniquely situated to benefit from current moves towards consolidation in the gold industry and increasingly positive sentiment towards investment in gold.
For additional information, please visit our website at www.pdxresources.com.
Reliance on Detour Gold and Forward-Looking Statements
The information contained in this press release is a verbatim extract of the press release issued by Detour Gold. Although PDX believes the information included in the press release to be generally reliable, the data has not been independently verified and PDX does not assume any liability for the accuracy or completeness of such information. Furthermore, as noted above in the verbatim extract, the press release may contain forward-looking information within the meaning of applicable securities laws. Such information includes the statements contained in the verbatim extract regarding Detour Gold's exploration and drilling plans, plans to update the mineral resource and the estimation of mineral resources and are subject to risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The risks include those that are set out above in the verbatim extract and those contained in Detour Gold's annual information form, Item 4.4 - "Description of Business - Risk Factors" filed on SEDAR as noted above. See also, the risks set out in Pelangio Mines Inc.'s annual information form, management information circular dated March 19, 2008 and quarterly and annual management's discussion and analysis. There is no assurance that the forward-looking information contained in the press release will prove to be accurate. Accordingly, readers should not place undue reliance on the forward-looking information.
All of the information contained in the press release is qualified by this cautionary statement.
Contact:
Contacts:
PDX Resources Inc.
Ingrid Hibbard
President & CEO
(905) 875-3828 or Toll Free: 1-877-746-1632
(905) 875-3829 (FAX)
PDX Resources Inc.
Warren Bates
Vice President Exploration
(905) 875-3828 or Toll Free: 1-877-746-1632
(905) 875-3829 (FAX)
Email: info@pdxresources.com
Website: http://www.pdxresources.com
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