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IAMGOLD Corp.
Summary
| Project: | Nelligan | |
|---|---|---|
| Deposit: | Nelligan | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2018: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Nelligan deposit at the Nelligan project. JV with Vanstar Mining - drilling results incl. 82.6m @ 3.31g/t Au from 182.90m. Toronto, Ontario, November 15, 2018 – IAMGOLD Corp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marie-France Bugnon (Internal) | |
| ABSTRACT: | Toronto, Ontario, November 15, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided a further update from its 2018 drilling program completed at its Nelligan joint venture project (IAMGOLD: 51%, Vanstar Mining Resources Inc. (“Vanstar”): 49%), located 60 kilometres southwest of Chibougamau, Quebec, Canada. The Company is reporting assay results from an additional 11 diamond drill holes, totaling 4,404 metres. Results are pending from a remaining 9 drill holes, totaling 4,487 metres, and will be reported once the results are received, validated and compiled. The assay results reported herein are provided in Table 1 below and include the following highlights: (A drill hole plan map is attached to this news release.) The 2018 diamond drilling program was designed to evaluate the resource potential of the recently discovered mineralization system, referred to as the Renard Zone, located immediately north of the previously known Liam and Dan zones. The drilling continues to intersect wide zones of hydrothermal alteration characterized by variable carbonatization, sericite, phlogopite and pervasive silicification affecting the hosting meta-sedimentary sequence. Disseminated pyrite is associated with the alteration zones and varies from 1% to locally 15%. Trace molybdenite and occasionally fine grains of visible gold are observed. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The 2018 drilling program continues to deliver positive results, and as previously reported, continues to intersect wide zones of alteration and associated mineralization. These results are being incorporated to develop a preliminary deposit model and guide future drilling campaigns to support the completion of an initial resource estimate.” | |
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