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IAMGOLD Corp.
Summary
| Project: | Westwood | |
|---|---|---|
| Deposit: | Westwood | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-2-2017: IAMGOLD Corp. announces a Resource Estimation report for its Westwood deposit at the Westwood project. Updated mineral resources and ore reserves. This report on the Westwood Mine, located in the Doyon-Bousquet–LaRonde gold mining camp, Quebec, | |
| Resources: | (Reserve, P+P): 3.685Mt @ 8.8g/t Au for 1.046Moz Au contained at project | |
| CP/QP: | [Resources]: Ronald Leber, Emilie Williams (Internal) | |
| ABSTRACT: | This report on the Westwood Mine, located in the Doyon-Bousquet–LaRonde gold mining camp, Quebec, Canada, is an updated technical report documenting the current mineral resource and mineral reserve estimates as of December 31, 2016 (Table 1-1). This report was prepared according to Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), in support of certain public disclosures to be made by IAMGOLD Corporation (IAMGOLD). It has been prepared by IAMGOLD personnel. The Westwood Mine covers an area of 2 km2 (196.2 ha) in the municipality of Preissac, in Bousquet Township, approximately 40 km east of the town of Rouyn-Noranda, in the province of Quebec, Canada. The Westwood Mine is located entirely within the limits of the Doyon division mining property, which covers an area of 28 km2 (2 875 ha). The Doyon division mining property and the Westwood Mine are held 100% by IAMGOLD. There are no agreements, joint venture partners, or third party obligations attached to the Westwood Mine. All the necessary permits have been obtained to build all the required surface infrastructures and the mine is completely located within the surface leases. Development of the Westwood Mine begin in 2008. Gold production at Westwood Mine started in March 2013 and the first ingot was poured on March 27, 2013 with commercial production declared in July 2014. The Westwood Mine requires very high levels of development to define and access the ore zones, resulting in a long ramp-up period to full production. The Westwood Mine is designed to produce for approximately 20 years at a maximum capacity of 900 000 tonnes per year for 180 000 to 200 000 oz. per year. This design capacity is expected to be reached by 2020 but requires conversion of inferred resources to mineral reserves. The current reserve estimate would result in a mine life of approximately six years at a rate of 600 000 tonnes per year. All reserves are based on longhole mining methods. | |
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