Detour Gold and Trade Winds Joint Venture for Block A Located West of Detour Lakeadmin
Detour Gold Corporation announce that it has executed a comprehensive Joint Venture Agreement with Trade Winds Ventures Inc. for the 50/50 joint venture on the Block A property located immediately west of the Detour Lake property.
The new agreement formalizes the operating relationship between the parties, which was previously governed by a binding Letter of Intent assigned to Detour Gold in January 2007.
Detour Gold is a Canadian gold exploration and development company whose focus is to advance the development of its Detour Lake gold project located in northeastern Ontario. Detour Gold is expected to complete a pre-feasibility study in the second quarter followed by a feasibility study in late 2009.