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IAMGOLD Corp.
Summary
| Project: | Monster Lake | |
|---|---|---|
| Deposit: | Monster Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-7-2019: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Monster Lake deposit at the Monster Lake project. JV - drilling results incl. 0.8m @ 357.0g/t Au from 182.20m. Toronto, Ontario, July 23, 2019 – IAMGOLD Corporation (“IAMGOLD | |
| Resources: | (Resource, Inf.): 1.1097Mt @ 12.14g/t Au at project | |
| CP/QP: | [Overall Report]: Marie-France Bugnon (Internal) | |
| ABSTRACT: | Toronto, Ontario, July 23, 2019 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced assay results from the 2019 winter drilling program completed at its Monster Lake joint venture project (IAMGOLD Corporation: 50%, TomaGold Corporation: 50%), located 50 kilometres southwest of Chibougamau, Quebec, Canada. The Company is reporting the final assay results from 16 drill holes, totaling 5,270 metres, completed as part of the 2019 exploration program. 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 assuming an underground mining scenario (see news releases dated March 28, 2018 and February 19, 2019). The objective of the 2019 drilling program was to test priority areas along the strike of the main structural corridor, hosting the 325-Megane zone, for additional zones of mineralization with potential to increase total mineral resources on the property. Three main target areas were tested along the Monster Lake Mineralized Corridor and included: the southern extensions of the 325-Megane and Lower Shear zones; the general area of the intersection of the Main Shear zone and the Big Mama Shear zone to the northeast of the 325-Megane zone; and the Annie Shear zone system also to the northeast along strike of the 325- Megance zone. All of the areas targeted in this program were best accessed during the winter when the ground is frozen. | |
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