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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.


TSX:IMG - Post by User

Bullboard Posts
Post by challenger426on Sep 15, 2016 7:26pm
89 Views
Post# 25242805

IMG News - encouraging drill results

IMG News - encouraging drill resultsHere is the news:


IAMGOLD Provides Further Diamond Drilling Results on the Boto Project Senegal

Thursday, September 15, 2016

 

IAMGOLD Provides Further Diamond Drilling Results on the Boto Project Senegal

17:32 EDT Thursday, September 15, 2016


TSX:IMG    NYSE:IAG

TORONTO, Sept. 15, 2016 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced additional drilling results from its 100% owned Boto Gold Project in eastern Senegal, West Africa. The Company is reporting assay results from twenty-three diamond drill holes at the Malikoundi deposit totaling 2,217 metres, completed prior to the commencement of the rainy season, including five diamond drill holes that were deepened to target footwall mineralization and provide additional geotechnical information.

The assay results are provided in Tables 1 and 2 and include the following highlights:

Malikoundi Deposit:

 

? Drill hole 2300:

9 metres grading 4.76 g/t gold

 

? Drill Hole 2302:

12 metres grading 6.39 g/t gold

   

Includes: 3 metres grading 20.77 g/t gold

 

? Drill hole 2303:

22 metres grading 4.04 g/t gold

 

Malikoundi Deposit (Deepened Holes):

 

? Drill hole 2122:

32 metres grading 5.19 g/t gold

 

? Drill Hole 2218:

42 metres grading 3.60 g/t gold

 

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "The drilling program has successfully delineated  near surface, shallow mineralization extending  500 metres along strike, north of the Malikoundi deposit; and has confirmed the presence of wide intervals of high grade mineralization located in the footwall to the main deposit which was not fully tested in previous drilling programs.  Further drilling is planned at the end of the rainy season to follow up these encouraging results."

BOTO PROJECT, SENEGAL

The Boto project comprises 236 square kilometres of exploration licenses located in eastern Senegal along the Senegal-Mali border.  The geological setting of the project area is similar to the prolific Sadiola and Loulo gold districts in adjacent Mali, being underlain by highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks along a seven-kilometre strike length of the Senegal-Mali Shear Zone.

The project hosts an indicated resource of 27.7 million tonnes averaging 1.8 g/t gold for 1.56 million ounces and an inferred resource of 2.9 million tonnes averaging 1.3 g/t gold for 125,000 ounces (see news release regarding reserves and resources dated February 17, 2016).

Next Steps

To date, the Company has completed 5,176 metres of diamond drilling at the Malikoundi deposit to test for extensions of mineralization at depth and along strike beyond the current resource model as well as the re-entry and deepening of selected drill holes which previously stopped in footwall mineralization.  The drilling program includes 765 metres completed to provide geotechnical information to help define potential pit wall slopes.  The assay results will be incorporated into an updated resource model for use in ongoing project evaluation studies.  Diamond drilling is expected to resume in the fourth quarter upon completion of the rainy season. 

Technical Information and Quality Control Notes

Boto Project, Senegal:

The Boto drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The sampling of, and assay data from, drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practice. Drill core (HQ and NQ size) samples are selected by the IAMGOLD geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals are generally one metre in length. Samples are prepared at the Veritas Preparation Laboratory in Bamako, Mali and analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish at the Veritas Analytical Laboratory in Abidjan, Ivory Coast.

Qualified Persons

The information in this news release was prepared under the supervision of, and reviewed and verified by, Craig MacDougall, P.Geo., Senior Vice President, Exploration for IAMGOLD. Mr. MacDougall is a Qualified Person as defined by National Instrument 43-101.

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