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IAMGOLD Corp.
Summary
| Project: | Saramacca | |
|---|---|---|
| Deposit: | Saramacca | |
| Location: | Suriname | |
| Commodities: | Gold | |
| Date: | 2/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2017: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Saramacca deposit at the Saramacca project. Drilling results incl. 101.0m @ 4.31g/t Au from 10.5m. IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided an update f | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Stockton (Internal) | |
| ABSTRACT: | IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided an update from its initial exploration program at the Saramacca project located 25 kilometres southwest of its Rosebel Gold Mine (“RGM’), in Suriname. The company is reporting final assay results from the 2016 drilling program comprising approximately 14,600 metres from 67 diamond drill holes and 4,500 metres from 37 reverse circulation (”RC”) drill holes. “The potential of the Saramacca property and the neighbouring Sarafina property will leverage off of our existing infrastructure and represent an excellent brownfield opportunity with greenfield excitement,” said Steve Letwin, President and Chief Executive Officer for IAMGOLD. “I’m very proud of what the Rosebel team has done to reinvent their mine through cost reductions and performance improvements. Their hard work has extended the mine life well beyond our previous expectations and has given them the time to acquire access to and explore the potential of properties such as Saramacca. The encouraging results from the 2016 drill program at Saramacca indicate that this property has the potential to be transformative for the future of Rosebel and very beneficial to all our stakeholders, including our partner the Government of Suriname, just as we envisaged when we bought this property.” Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “First I want to recognize the efforts of our exploration team to advance the Saramacca project so quickly since its acquisition. The assay results from the 2016 drilling program are encouraging and appear to confirm the presence of significant mineralization. It is particularly pleasing to note the amount of mineralized intersections in ‘soft’ saprolite extending to depths of up to 100 metres. With continued success, we expect our 2017 infill drilling program to ultimately lead to the estimation of an initial resource for this project, which would mark a significant milestone for our exploration program at Rosebel.” | |
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