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IAMGOLD Corp.
Summary
| Project: | Monster Lake | |
|---|---|---|
| Deposit: | Monster Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-7-2017: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Monster Lake deposit at the Monster Lake project. JV - drilling results incl. 6.50m @ 80.28g/t Au from 467m. Toronto, Ontario, July 6, 2017 – IAMGOLD Corporation (“IAMGOLD” or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marie-France Bugnon (Internal) | |
| ABSTRACT: | Toronto, Ontario, July 6, 2017 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided the remaining assay results from the winter 2017 drilling program completed at its Monster Lake joint venture project located 50 kilometres southwest of Chibougamau, Quebec, Canada. The company is reporting the assay results from the final fourteen drill holes, totaling just over 5,400 metres, from a total of 25 diamond drill holes, totaling 10,657 metres, completed this past winter. The 2017 winter drilling program was designed to target high potential areas along the 3-kilometre trend of the Monster Lake Structural Corridor (“MLSC”) and associated shear zones to improve confidence and expand known zones of mineralization, as well as better define more recent discoveries such as the new zone located 200 to 400 metres to the north of the Megane Zone, as well as mineralization discovered within a parallel structure, the Lower Shear Zone, that has returned encouraging initial results. Interpretation of the structural setting suggests favourable potential for the occurrence of additional mineralized shoots along this major structural corridor. The results from this drilling program have demonstrated continuity of very high grades of mineralization associated with the Megane Zone where tested with infill diamond drill holes. They have also extended mineralization in the northern part of the mineralized shoot with positive results obtained from holes ML17- 197 and ML17-201B. As well, new areas of mineralization to the north of the Megane Zone, which appear to be associated with multiple mineralized shear zones, will require further drill testing to evaluate the potential of this area. The most recent assay results received from drill holes intersecting the Lower Zone hosted in a parallel shear zone northwest of the Megane Zone are also considered encouraging and include hole ML-17-191 which intersected 85.27 g/t Au over 1.8 metres (see press release dated May 11, 2017) and hole ML-17-199 which intersected 39.48 g/t Au over 1. 6 metres. | |
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