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IAMGOLD Corp.
Summary
| Project: | Saramacca | |
|---|---|---|
| Deposit: | Saramacca | |
| Location: | Suriname | |
| Commodities: | Gold | |
| Date: | 3/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-3-2017: IAMGOLD Corp. announces an Exploration/Drilling Update report for its Saramacca deposit at the Saramacca project. Drilling results incl. 60.5m @ 40.91g/t Au from 14.5m. 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 2017 infill drilling program currently in progress at the Saramacca project, located 25 kilometres southwest of its Rosebel Gold Mine (“RGM”) in Suriname. The company is reporting assay results from the initial 29 diamond drill holes totaling 6,008 metres of the ongoing 2017 delineation program. “These drill results exceed what we expected when we acquired the rights to the Saramacca property and lead us to believe that this deposit has the potential to create significant value for all stakeholders with a vested interest in the future of Rosebel, including our shareholders and the Government of Suriname,” said President and CEO of IAMGOLD Steve Letwin. “Initially we were attracted to Saramacca by the prospect of finding soft gold-bearing rock, and are pleased to see soft rock extending to depths of up to 100 metres. What is now becoming Saramacca’s most compelling feature is the high grades that we’ve intercepted to date. We intend to declare a resource this year which would then enable us to develop our plans to bring Saramacca into the mine feed as quickly as possible.” Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The initial assay results from our ongoing 2017 infill diamond drilling program continue to return numerous intersections with high grades of gold over wide intervals, from both shallow oxide and deeper sulphide intervals. We are continuing to develop our geological deposit model and increase our confidence and understanding of the structures hosting the mineralization. We remain on target to complete an initial resource estimation in Q3 2017 as we have previously stated.” | |
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