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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 STOCKRUSon Jun 14, 2017 8:49am
88 Views
Post# 26360260

Burkina Faso - Industry News

Burkina Faso - Industry News

NEXUS GOLD COMMENCES DRILLING AT BOUBOULOU GOLD CONCESSION, BURKINA FASO, WEST AFRICA

Drilling has commenced at its 38-square-kilometre Bouboulou gold concession. Bouboulou is located approximately 75 kilometres north-west of the capital Ouagadougou, on the Boromo-Goren greenstone belt, and is bisected by the Sabce shear zone.

The 2,000 metre phase 1 diamond drill program at Bouboulou will target previously identified mineralized zones at the property, namely Bouboulou 2, Pelatanga and Rawema. In addition, the company will test the Koala zone, where recent samples ran as high as 66 grams per tonne gold, and the newly identified Rawema West zone.

New zone identified -- Rawema West

As reported in a June 6, 2017, news release, company geologists have now determined the presence of a new mineralized zone at Bouboulou through the observance of increased artisanal activity, and the result of rock sampling taken from the newly observed area.

The new zone, named Rawema West, occurs approximately 1,000 metres west of the main workings at the previously identified Rawema site. The artisanal workings extend approximately 150 metres in length and appear by observation to extend to depths of greater than 20 metres.

Company geologists collected seven select rock samples of dump material from the Rawema West workings. Of the seven samples collected there, four returned values greater than one gram per tonne gold, including BBL-004, which returned 9.49 grams per tonne.

The sampling results greater than one gram per tonne gold from both Rawema West and Koala, as reported June 6, 2017, are shown in the attached table.

 

 Sample ID Gold Sample type (g/t) BBL-004 9.69 Select BBL-005 2.62 Select BBL-006 4.41 Select BBL-007 4.84 Select BBL-012 66.1 Select BBL-013 29 Select BBL-014 2.20 Select 

 

The trend of the workings at Rawema West runs roughly parallel to the Pelatanga-Rawema (PR) trend that the company intends to test with its coming diamond drill program.

Bouboulou

Historical data

In 2011, Roxgold Inc. completed reverse circulation and diamond drilling programs to test the four previously identified mineralized zones.

Historical reverse circulation drilling highlights from Bouboulou are shown in the attached table.

 

 Hole ID Depth From To Length Au (m) (m) (m) (m) (g/t) BBL-11-RC-003 103 24 34 10 1.10 Includes 30 32 2 3.66 BBL-11-RC-005 103 60 64 4 1.86 BBL-11-RC-006 115 70 110 40 1.54 Includes 70 90 20 2.25 And 100 110 10 1.42 BBL-11-RC-012 120 100 108 8 1.21 BBL-11-RC-013 109 74 109 35 2.20 Includes 74 86 12 5.45 BBL-11-RC-020 103 40 50 10 2.84 Includes 42 44 2 12.45 BBL-11-RC-021 130 6 8 2 3.94 BBL-11-RC-022 133 44 48 4 1.63 BBL-11-RC-024 193 38 44 6 1.95 BBL-11-RC-027 120 90 114 24 1.36 BBL-11-RC-028 162 130 132 2 2.53 BBL-11-RC-031 144 78 94 16 1.18 BBL-11-RC-036 120 8 10 2 1.42 BBL-11-RC-038 144 114 116 2 1.53 BBL-11-RC-039 150 116 130 14 1.37 BBL-11-RC-041 138 52 54 2 2.04 BBL-11-RC-042 114 40 46 6 1.26 Includes 52 54 2 3.80 

 

Historical diamond drilling highlights from Bouboulou are shown in the attached table.

 

 Hole ID Depth From To Length Au (m) (m) (m) (m) (g/t) BBL-11-DD-002 127 42 44 2 5.43 BBL-11-DD-003 142 56 58 2 5.33 78 82 4 12.53 96 98 2 1.59 BBL-11-DD-005 179 74 80 6 4.62 Includes 77.7 78 0.3 81.32 BBL-11-DD-006 127 91.5 93 1.5 1.74 BBL-11-DD-008 198 125 127 2 2.55 * Note all assay results represent intercept lengths and are not true widths.

 

Bouboulou trends

The company has subsequently identified three distinct 5,000-metre-long (five kilometres) anomalous gold trends at the Bouboulou concession. Each of the three trends display strong coincidental geochemical and geophysical gold anomalies and extend from the four previously drill-identified mineralized zones, namely Rawema, Pelatanga, Bouboulou 2 and Koala. They are identified by numerous orpaillages and geochemical samples of greater than one gram per tonne gold. All three of the Bouboulou trends display similar coincidental anomalies. Each trend has substantial artisanal workings either directly on them or along trend.

A map of the three trends can be seen on the company's website.

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