Upside for the Detour Gold Deposit

ERIC LEMIEUX, Laurentian Bank Securities (01/14/2010)
"On January 13, 2009 Detour Gold disclosed additional infill drilling results of its 2009 program on the Detour Lake deposit. Assay results from an additional 40 holes totaling 18,052m are part of the 2009 drill totaling 101,074m (242 holes) that have aimed to infill and extend investigation outside the $US775 pit outline. We estimate that a further 14,679m of new drill data are left to report from the 2009 drill program.

Results suggest continued gold intersections within and outside the current modeled pit shell out-line. Disclosed drilling results are in majority from the western sector (24 holes) of the proposed pit in the Calcite Zone (sections 18,000E to 18,5000E). The assay results of 16 of these holes suggest continued mineralization outside the modeled pit shell with multi gold intersections ranging 1.5 to 3 g/t Au. We believe the impact of this is positive as these drilling results confirm geological continuity and grade, as well as potential for pit expansion. We believe this should positively impact mineral resources and reserves. Indeed these new assays should be incorporated in the feasibility study, which is anticipated to be made public by Q2 of 2010.

. . .We remain of the opinion that ongoing work [at] the Detour Lake project is confirming increased size and geological continuity. We believe that the Detour Lake project is set in the right direction and we are raising our share price target to $21.00 (previously $18.50). We are also changing our Speculative Buy rating to a Buy rating."

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