TORONTO, April 3, 2018 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced a new Inferred Mineral Resource estimate in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 ("NI 43-101") for the Eastern Borosi joint venture gold project (IAMGOLD: 51% and Calibre Mining Corp. ("Calibre"): 49%) located in Nicaragua.
The resource models assumed open pit extraction for the La Luna veins, and underground mining extraction for the other veins.
The underground resource estimate comprises Inferred Resources totaling 3,219,000 tonnes grading 6.03 g/t Au and 104 g/t Ag for 624,000 ounces of contained gold and 10,758,500 ounces of contained silver. The open pit resource estimate comprises Inferred Resources totaling 1,199,000 tonnes grading 1.98 g/t Au and 16 g/t Ag, for 76,500 ounces of contained gold and 601,000 ounces of contained silver.