Detour Gold kicks off drilling campaign.Detour Gold Corporation initiated a 50,000-metre drilling program at the Detour Lake Property to expand current near-surface resource of 3.4 million ounces of gold, approximately ap·prox·i·mate
1. Almost exact or correct: the approximate time of the accident.
2. 180 kilometres northeast “Northeastern” redirects here. For the Boston college, see Northeastern University, Boston.
Northeast or north east is the ordinal direction halfway between north and east. It is the opposite of southwest. See boxing the compass. of Timmins Timmins, town (1991 pop. 47,461), central Ont., Canada, on the Mattagami River. Timmins is the commercial center of the rich Porcupine gold-mining district, where gold was first discovered in 1909. Silver, copper, lead, and zinc are also mined. .
In preparation of the drilling program's official commencement, Detour Gold and Pelangio Mines Inc. amended a·mend
v. a·mend·ed, a·mend·ing, a·mends
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.
2. the asset purchase agreement, changing the work budget being funded by Detour Gold from $1,578,485 to $2,513,679.
Under the terms of the agreement, Pelangio will transfer the Detour Lake Property to Detour Gold, a newly formed company part of the Hunter Dickinson Dickinson, city (1990 pop. 16,097), seat of Stark co., SW N.Dak., on the Heart River; inc. 1919. It is a processing and shipping center for a livestock, dairy, and wheat region, as well as a service center for the Williston Basin oil industry. Dickinson State Univ. Incorporated Mining Group of resource companies, and one in which Pelangio has a 47 per cent equity ownership.
The transaction was scheduled to be completed on Jan. 30, 2007 and is subject to additional conditions, which include a cash payment of $4 million upon closing and the completion of a minimum of $15 million initial public offering by Detour Gold.