Aggressively Exploring and Advancing

ERIC LEMIEUX, Laurentian Bank Securities (02/01/2010)
"Detour Gold is aggressively exploring and advancing the development of the Detour Lake project in northeastern Ontario. We highlight that Detour Gold completed a pre-feasibility study in September 2009 that displayed positive economics for the project. In early January 2010, Detour Gold disclosed results of its continuing 2009 infill drilling on the Detour Lake deposit. . . .We believe that the short-term declining gold price environment presents opportunities. Our investment thesis remains that there are few quality gold projects in stable jurisdictions and that the Detour Gold Property is emerging as a solid gold project that could potentially attract the interest of senior producers willing to solidify their pipeline of projects. We maintain a Buy rating with a target price of $21.00."

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