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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.


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Post by Luke555on Mar 09, 2021 3:47am
314 Views
Post# 32750104

EXPLORATION DRILLING IN PERPETUITY

EXPLORATION DRILLING IN PERPETUITYAs I have advocated over and over, the current IMG BOD are not miners! Unless the price of gold goes through the roof, the share price will continue to trade within a range. The only other solution on the horizon is for a large mining company to take-out IMG at these ridiculously low prices.  We need a company that is in dire need to replace their depleting ore reserves. I’m not a geologist, but once we get another set of eyes to objectively assess and evaluate the current drill results on Boto, Nelligan, Monster Lake and Gosselin Zone, they will be able to determine the potential size of these ore bodies.  Then, they would be in a position to make a decision to move ahead and start pre-development work. They could simultaneously continue with the delineation of the various ore bodies! What do they have to lose!!! Otherwise, the current IMG BOD will continue to drill in perpetuity in order to determine the size of the various ore bodies. What a waste of time and money!!!

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