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IAMGOLD Corp.
Summary
| Project: | Siribaya | |
|---|---|---|
| Deposit: | Diakha | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 10/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-10-2018: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Diakha deposit at the Siribaya project. Drilling results incl. 13.0m @ 11.60g/t Au from 44m. TORONTO, October 18, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) tod | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Craig MacDougall (Internal) | |
| ABSTRACT: | TORONTO, October 18, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided results from its 2018 drilling program at the Diakha deposit on its wholly owned Siribaya Project in Western Mali. In 2018, the Company completed a combined diamond and Reverse Circulation (“RC”) drilling program designed to infill and increase confidence in the current resource as well as target expansions of the Diakha deposit to support an updated resource estimate. Assay results are reported herein for 100 drill holes totaling 14,634 metres. Assay intersections relating to this release are provided in Tables 1 and 2, and include the following highlights: (a drill hole plan map is attached to this news release.) About the Siribaya Project The Siribaya project is wholly owned by IAMGOLD and consists of 8 contiguous exploration permits which cover a total area of 596.5 square kilometres, located in the Kédougou-Kéniéba inlier of the West African Craton region of western Mali along the borders with Senegal and Guinea. The project hosts current mineral resources comprising indicated resources of 2.1 million tonnes averaging 1.90 grams of gold per tonne for 129,000 ounces and inferred resources of 19.8 million tonnes averaging 1.71 grams of gold per tonne for 1.1 million ounces (see news release dated February 12, 2018). Gold mineralization is hosted within highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks proximal to the Senegal-Mali Shear Zone. At Diakha, the largest deposit discovered to date, gold mineralization occurs within an albitized sandstone unit similar to that hosting IAMGOLD's Boto gold deposit located in Senegal approximately 10 kilometres to the north along strike and for which a feasibility study is nearing completion. | |
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