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IAMGOLD Corp.
Summary
| Project: | Boto | |
|---|---|---|
| Deposit: | Malikoundi | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 7/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-7-2016: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Malikoundi deposit at the Boto project. Drilling results incl. 84m @ 4.12g/t Au from 454m. Toronto, Ontario, July 5, 2016 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) to | |
| 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, July 5, 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 four deep diamond drill holes at the Malikoundi deposit totaling 2,341 metres completed to date during the 2016 drilling program. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "The deep drilling program has successfully extended mineralization at depth below the current resource model and, importantly, has confirmed the presence of high grades below the current resource pit shell. These results will help guide further drilling at depth targeting other potentially high grade areas.” 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. The project hosts an indicated resource of 27.7 million tonnes averaging 1.8 g/t gold for 1.56 million ounces and an inferred resource of 2.9 million tonnes averaging 1.3 g/t gold for 125,000 ounces (see news release regarding reserves and resources dated February 17, 2016) | |
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