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IAMGOLD Corp.
Summary
| Project: | Boto | |
|---|---|---|
| Deposit: | Malikoundi | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 9/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-9-2016: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Malikoundi deposit at the Boto project. Drilling results incl. 32m @ 5.19g/t Au from 259m. Toronto, Ontario, September 15, 2016 – IAMGOLD Corporation (“IAMGOLD” or the “Compa | |
| Resources: | (Resource): 27.7Mt @ 1.8g/t Au (Ind.) and 2.9Mt @ 1.3g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Craig MacDougall (Internal) | |
| ABSTRACT: | Toronto, Ontario, September 15, 2016 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced additional drilling results from its 100% owned Boto Gold Project in eastern Senegal, West Africa. The Company is reporting assay results from twenty-three diamond drill holes at the Malikoundi deposit totaling 2,217 metres, completed prior to the commencement of the rainy season, including five diamond drill holes that were deepened to target footwall mineralization and provide additional geotechnical information. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "The drilling program has successfully delineated near surface, shallow mineralization extending 500 metres along strike, north of the Malikoundi deposit; and has confirmed the presence of wide intervals of high grade mineralization located in the footwall to the main deposit which was not fully tested in previous drilling programs. Further drilling is planned at the end of the rainy season to follow up these encouraging results.” To date, the Company has completed 5,176 metres of diamond drilling at the Malikoundi deposit to test for extensions of mineralization at depth and along strike beyond the current resource model as well as the reentry and deepening of selected drill holes which previously stopped in footwall mineralization. The drilling page 2 of 6 program includes 765 metres completed to provide geotechnical information to help define potential pit wall slopes. The assay results will be incorporated into an updated resource model for use in ongoing project evaluation studies. Diamond drilling is expected to resume in the fourth quarter upon completion of the rainy season. | |
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