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IAMGOLD Corp.
Summary
| Project: | Cote Gold | |
|---|---|---|
| Deposit: | Cote Gold | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-6-2017: IAMGOLD Corp. announces a Pre-Feasibility Study report for its Cote Gold deposit at the Cote Gold project. Initial reserve, updated resources and pre-feasibility study results. IAMGOLD Corporation (IAMGOLD), Amec Foster Wheeler Americas Limited | |
| Resources: | (Reserve, Prob.): 196Mt @ 0.94g/t Au for 5.926Moz Au contained at project | |
| CP/QP: | [Resources]: T. Ciuculescu, L. Evans (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | IAMGOLD Corporation (IAMGOLD), Amec Foster Wheeler Americas Limited (Amec Foster Wheeler) and Roscoe Postle Associates Inc. (RPA) jointly completed a Prefeasibility Study (PFS) on IAMGOLD’S Côté Gold Project (the Project), an advanced stage exploration project located approximately 125 km southwest of Timmins, Ontario, Canada. IAMGOLD is using the PFS to identify the preferred development option to demonstrate economic viability of the Project to support Mineral Reserve disclosure, and to identify additional work necessary to complete more advanced studies. This NI 43-101 Technical Report (the Report) was prepared as a summary of the PFS, and to support IAMGOLD’s disclosure of the results. RPA prepared an updated resource estimate for the Côté Gold Project as of May 26, 2017. The Côté Gold Project is designed as a conventional truck and shovel operation assuming 220 t trucks and 34 m3 shovels. The pit design includes four nested phases to balance stripping requirements while satisfying the processing plant requirements. The design parameters include a ramp width of 35 m, road grades of 10%, bench height of 12 m, targeted mining width of 100 m, berm interval of 24 m, variable slope angles by sector and a minimum mining width of 40 m. The scheduling constraints set the maximum mining capacity at 60 Mt/year and the maximum process capacity at 32 kt/day. The production schedule results in a life of mine (LOM) of 16 years with stockpile reclaim extending into Year 17. The mine will require one year of preproduction before the start of operations in the processing plant. Although the mine requires one year of pre-stripping, mining starts in year -2 to provide material for the tailings management facility (TMF) construction. | |
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