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IAMGOLD Corp.
Summary
| Project: | Monster Lake | |
|---|---|---|
| Deposit: | Monster Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-3-2018: IAMGOLD Corp. announces a Resource Estimation report for its Monster Lake deposit at the Monster Lake project. JV - Initial mineral resource at Monster Lake. TORONTO, March 28, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today annou | |
| Resources: | (Resource, Inf.): 1.109Mt @ 12.14g/t Au for 433koz Au contained at project | |
| CP/QP: | [Resources]: Karine Brousseau, Charlotte Athurion (InnovExplo Inc.) | |
| ABSTRACT: | TORONTO, March 28, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced the first mineral resource estimate in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) for the Monster Lake joint venture project (IAMGOLD Corporation: 50%, TomaGold Corporation: 45%, and Quinto Resources Inc.: 5% on the Monster Lake claims block), located 50 kilometres southwest of Chibougamau, Quebec, Canada. The resource estimate comprises 1,109,700 tonnes of inferred resources averaging 12.14 grams of gold per tonne for 433,300 ounces of contained gold. This resource is contained in four discrete mineralized zones where geological and grade continuities have been demonstrated and has been estimated assuming an underground mining scenario. The most significant zone is the 325-Megane Zone which is characterized by its high grade and remains open down plunge at depth. The potential for adding additional resources along the identified shear structures is considered favourable and remains the focus of ongoing exploration programs. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "This initial resource estimate reported for the Monster Lake project is an important milestone as we continue to evaluate the full potential of the Monster Lake area and I congratulate the exploration team for their success to date. The structural setting suggests potential for additional mineralized zones along the major structural corridor identified on the project, and the presence of parallel mineralized structures with similar high grade veins to the 325-Megane lens is encouraging, making them compelling exploration targets.” | |
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