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IAMGOLD Corp.
Summary
| Project: | Nelligan | |
|---|---|---|
| Deposit: | Nelligan | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-10-2019: IAMGOLD Corp. announces a Resource Estimation report for its Nelligan deposit at the Nelligan project. Initial mineral resource estimate for project. Toronto, Ontario, October 22, 2019 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today a | |
| Resources: | (Resource, Inf.): 96.99Mt @ 1.02g/t Au at project | |
| CP/QP: | [Resources]: Alain Carrier (InnovExplo Inc.) | |
| ABSTRACT: | Toronto, Ontario, October 22, 2019 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced the initial Mineral Resource estimate on its Nelligan Joint Venture Project (“Nelligan”) (IAMGOLD: 51%, Vanstar Mining Resources Inc. (“Vanstar”): 49%), located 60 kilometres southwest of Chibougamau, Quebec, Canada. The estimate was completed 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”). The initial Mineral Resource estimate, on a 100% basis, shows a pit-constrained Inferred Resource totalling 96,990,000 tonnes averaging 1.02 grams of gold per tonne for 3,193,900 ounces of contained gold. The estimate includes four mineralized zones where geological and grade continuities have been demonstrated by IAMGOLD and Vanstar exploration drilling programs. The most significant contribution (in terms of ounces) is provided by the recently discovered Renard Zone which has been intersected in drilling for over 1 kilometre along strike with a true thickness exceeding 100 metres. The deposit is characterized by homogeneous low-grade gold mineralization associated with fine pyrite mineralization hosted in an altered sequence of dominantly metasedimentary rocks. Mineralization remains open at depth and along strike to the west. The potential for adding additional resources is considered favourable and will be the focus of future exploration programs. | |
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