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Message: Ground Breaking Ceremony for its New Regional Office in Cochrane

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Ground Breaking Ceremony for its New Regional Office in Cochrane

posted on Jul 12, 11 10:42AM
Detour Gold Corporation

TSX : DGC


Detour Gold Corporation

July 12, 2011 08:30 ET

Detour Gold Holds Ground Breaking Ceremony for its New Regional Office in Cochrane with Provincial and Local Officials

TORONTO, ONTARIO--(Marketwire - July 12, 2011) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it will be breaking ground today for the construction start of its new regional office in Cochrane, Ontario. The ceremony will also mark Detour Gold's $1.3 billion investment in the region to build the Detour Lake mine, which will be Canada's largest gold mining operation. This special event will be attended by Hon. Michael Gravelle, Minister of Northern Development, Mines and Forestry; Hon. Chris Bentley, Minister of Aboriginal Affairs and Attorney General; Peter Politis, Mayor of the Town of Cochrane; Chief Hardisty and representatives from the local First Nations and Metis groups.

Hon. Michael Gravelle, Minister of Northern Development, Mines and Forestry said: "I am delighted to participate in today's groundbreaking ceremony. The building of this new office is but a small part of a very large mine development project. The Detour Lake project is having a significant impact on the economy of the Town of Cochrane and all of northeast Ontario. I am appreciative of the commitments that Detour Gold has made to the Aboriginal communities in the area and that they will continue to work closely with them and the surrounding communities as they bring this project to fruition. Congratulations to everyone, I know this project will benefit the region for generations to come."

Hon. Chris Bentley, Minister of Aboriginal Affairs added: "Creating a skilled labour force and increasing employment opportunities in the North is important to building a stronger Ontario. Through the Northern Training Partnership Fund, First Nations, Métis and non-Aboriginal northern Ontarians will attain workplace skills for an existing or emerging job."

Davis Ramsay, MPP, Timiskaming-Cochrane said "The Detour Gold project is responsible for economic diversification and job creation in the mining sector. I'm pleased that Cochrane is poised to evolve and define its role as a strategic mining, transportation and supply hub for this important development."

Gerald Panneton, President and CEO of Detour Gold mentioned: "Detour Gold's regional office in Cochrane will support its Detour Lake open pit mining operation located 185 kilometres northeast of the town. Approximately 1,000 workers are currently on site for the mine infrastructure construction. Once gold production begins in 2013, Detour Gold will employ 500 people during the expected +20 years mine life. The Detour Lake mine will contribute over $14 billion to the provincial GDP, supporting the economic growth and prosperity of the region."

About Detour Gold

Detour Gold is a Canadian gold exploration and development company whose primary focus is to advance the development of its flagship Detour Lake gold project, located in northeastern Ontario, towards production. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.

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