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Project: | Boto | |
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Deposit: | Malikoundi | |
Location: | Senegal | |
Commodities: | Gold | |
Date: | 5/31/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 31-5-2017: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Malikoundi deposit at the Boto project. Drilling results incl. 77m @ 4.35g/t Au from 415m. Toronto, Ontario, May 31, 2017 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) t | |
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, May 31, 2017 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced additional drilling results from its 100% owned Boto Gold Project in eastern Senegal, West Africa. The reported assay results are from the remaining twenty-two diamond drill holes, totaling 2,842 metres, completed at the Malikoundi deposit and Malikoundi North extension. The Company’s ongoing drilling program had resumed in the fourth quarter of 2016 after seasonal rains, and continued into the first quarter of 2017. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "With the last round of drilling results now in hand from our drilling program at the Malikoundi deposit, we are working to update the resource model for use in our ongoing technical evaluation of the project. Our drilling activities are now focused on targeting possible resource expansions at the Boto 5 and Boto 6 deposits.” The Boto project comprises 236 square kilometres of exploration licenses located in eastern Senegal along the Senegal-Mali border. The geological setting of the project area is similar to the prolific Sadiola and Loulo gold districts in adjacent Mali, being underlain by highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks along a seven-kilometre strike length of the Senegal-Mali Shear Zone. As of December 31, 2016, the project hosts an indicated resource of 27.7 million tonnes averaging 1.8 grams of gold per tonne for 1.56 million ounces and an inferred resource of 2.9 million tonnes averaging 1.3 grams of gold per tonne for 125,000 ounces | |
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