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IAMGOLD Corp.
Summary
| Project: | Saramacca | |
|---|---|---|
| Deposit: | Saramacca | |
| Location: | Suriname | |
| Commodities: | Gold | |
| Date: | 2/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2018: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Saramacca deposit at the Saramacca project. Drilling results incl. 46m @ 11.73g/t Au from 218m. Toronto, Ontario, February 28, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “C | |
| Resources: | (Resource): 14.4Mt @ 2.2g/t Au (Ind.) and 13.6Mt @ 1.18g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Craig MacDougall (Internal) | |
| ABSTRACT: | Toronto, Ontario, February 28, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided an update from its Phase II 2017 drilling program at the Saramacca project, located 25 kilometres southwest of its Rosebel Gold Mine (“RGM”) in Suriname. Following the disclosure of an initial resource estimate (see news release dated September 5th, 2017), the Company re-commenced drilling operations and completed a further 97 diamond drill holes totaling 24,282 metres to continue to delineate the Saramacca deposit. The primary focus of the program was to increase confidence in the resource and to target resource expansions immediately adjacent to the initial resource pit shell. Assay results from the remaining 60 diamond drill holes totaling nearly 14,360 metres are reported herein. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The completion of our phase II delineation drilling program has continued to deliver strong results and allow us to refine our resource model. We are currently incorporating these results in an updated resource model, which when coupled with the ongoing engineering studies, is expected to allow us to upgrade the project to a reserve status in 2018. As we have previously stated, we are continuing to advance towards production in 2019.” 2018 Exploration Program In 2018, approximately 50,000 metres of diamond and RC drilling are planned to continue infill drilling of the Saramacca deposit to improve resource classification, declare reserves and advance mine design studies ahead of production. Exploration activities are also expanding to explore the greater Saramacca trend for additional zones of mineralization, including on the recently acquired Brokolonko concession (see news release dated January 24, 2018). | |
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