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IAMGOLD Corp.
Summary
| Project: | Monster Lake | |
|---|---|---|
| Deposit: | Monster Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-6-2018: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Monster Lake deposit at the Monster Lake project. JV - Drilling results incl. 5.32m @ 40.94g/t Au from 123.9m. Toronto, Ontario, June 14, 2018 – IAMGOLD Corporation (“IAMGOLD | |
| Resources: | (Resource, Inf.): 1.109Mt @ 12.14g/t Au for 433koz Au contained at project | |
| CP/QP: | [Overall Report]: Marie-France Bugnon (Internal) | |
| ABSTRACT: | Toronto, Ontario, June 14, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced assay results from the 2018 winter drilling program completed at its Monster Lake joint venture project (currently held by IAMGOLD Corporation: 50%, TomaGold Corporation: 45%, and Quinto Resources Inc.: 5% on the Monster Lake claims block with IAMGOLD continuing to advance its option to earn in up to a 75% interest). The project is located 50 kilometres southwest of Chibougamau, Quebec, Canada. The company is reporting the final assay results from all 26 drill holes, totaling 8,282 metres, completed as part of the initial 2018 program. The assay results are provided in Table 1 below and include the following highlights: (A drill hole plan map and longitudinal sections are attached to this news release.) The Monster Lake joint venture project hosts an NI 43-101 compliant resource, effective as at February 26, 2018, comprising 1,109,700 tonnes of inferred resources averaging 12.14 grams of gold per tonne for 433,300 ounces of contained gold (see news release dated March 28, 2018). The 2018 winter drilling program was designed to improve confidence in the continuity of the mineralization and to test for extensions of the known mineralized zones. Key objectives of the drilling program included: infill drilling targeting the upper part of the 325-Megane Zone largely delineated by only historical drilling; testing for proximal extensions along strike and at depth; and evaluating newly discovered areas of mineralization within a structure parallel to the Main Shear Zone and adjacent to the 325-Megane Zone, referred to as the Lower Shear Zone. All of the areas targeted in this program are best accessed during the winter when the ground is frozen. | |
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