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Detour Gold Continues to Impress

Posted on July 07, 2008

Detour Gold Corp. (DRGDF.PK) has been one of the great mining success stories of the last year, and the accolades continue to come this week after the company raised the resource estimate at its self-titled Detour Lake property in Northern Ontario. The project now sports a resource of 13.2 million ounces of gold using a cut-off gold price of $700 an ounce.Canaccord Adams analyst Steve Butler raised his target to C$32.25 a share from C$28.60 based on the continued potential of the resource and the valuation upside from drilling extensions to the deposit....

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analyst , gold , gold price , ontario