FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Report of Foreign Private
Issuer
Pursuant to Rule 13a-16
or 15d-16
of the Securities Exchange
Act of 1934
Date: November 16,
2017
Commission File Number 001-31528
IAMGOLD
Corporation
(Translation of registrant's name into English) |
| |
| 401 Bay Street Suite 3200, PO Box 153 |
| Toronto, Ontario, Canada M5H 2Y4 |
|
Tel: (416) 360-4710
(Address of principal executive offices) |
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
| |
Note: Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders. |
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
| |
Note: Regulation
S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant
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discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate by check mark whether
by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If
"Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
Description
of Exhibit
| Exhibit |
|
Description
of Exhibit |
| |
|
|
| 99.1 |
|
News Release Dated November 16, 2017 - IAMGOLD Reports Additional High-Grade Intersections from Infill and Expansion Drilling at Saramacca |
Signatures
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| |
|
|
| |
IAMGOLD CORPORATION |
| |
|
|
| Date: November 16, 2017 |
By: |
/s/ Tim Bradburn |
| |
Tim Bradburn |
| |
Vice President, Legal and Corporate Secretary |
Exhibit 99.1
IAMGOLD Reports Additional High-Grade Intersections from
Infill and Expansion Drilling at Saramacca
TORONTO, Nov. 16, 2017 /CNW/ - IAMGOLD Corporation
("IAMGOLD" or the "Company") today provided an update from its ongoing 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 commenced a 22,000-metre diamond
drilling program with the objective to: 1) convert inferred resources to indicated; 2) target expansions to the existing resource
along known mineralized trends and at depth, and 3) begin drill testing identified exploration targets. Assay results reported
herein have been received from 37 drill holes totaling 9,553 metres. The program is ongoing and further assay results will be reported
once they are received, validated and compiled.
Assay intersections relating to this release are provided
in Table 1 and include the following highlights:
Infill Drill Holes:
| · | SMDD17-181A: 39.0 metres grading 3.47 g/t Au |
| · | SMDD17-185: 57.0 metres grading 2.56 g/t Au |
Expansion Drill Holes:
| · | SMDD17-182: 6.0 metres grading 67.39 g/t Au (15.33
g/t Au capped) |
| · | SMDD17-196: 28.5 metres grading 3.85 g/t Au |
| · | SMDD17-202: 39.0 metres grading 3.06 g/t Au |
| · | SMDD17-213: 34.5 metres grading 4.50 g/t Au |
(A drill hole plan map is attached to this news release)
Craig MacDougall, Senior Vice President, Exploration for IAMGOLD,
stated: "The ongoing drilling program continues to deliver positive results, not only increasing our confidence in the existing
resources, but extending mineralization below the initial resource pit shell which is expected to have a positive impact
on future resource estimates. This, coupled with the ongoing engineering studies, is expected to allow us to upgrade the
project to a reserve status in 2018 and to target production for 2019."
2017 Exploration Program
Drilling from the current program has confirmed further continuity
of mineralization in areas associated with the main mineralized structures within and below the current resource pit shell (see
tables 1 A & B) and in secondary structures in the hanging wall (see tables 1 C & D). These results are expected
to have a positive impact on future resource updates. Results from initial step out holes to the northwest and southeast
along strike (see tables 1 E & F) did not intersect significant mineralization, although encouragingly the main host structure
appears to continue. It must be noted that the pinch and swell of mineralized zones within the deposit foot print is typical.
Further drilling is required to test for additional mineralized zones along strike.
In addition to the drilling program outlined above, the Rosebel
mine team is working to advance the Saramacca deposit towards production. An Environmental and Social Impact Study (ESIA) is underway
and preliminary engineering work is advancing on mine design and various infrastructure elements, such as ore transport options,
access roads, and waste rock disposal. In addition, field work has commenced to provide geotechnical and hydrogeological information
and to complete condemnation work over areas of the proposed site infrastructure. A comprehensive metallurgical testing program
will also be undertaken to refine the recovery assumptions and to test the crushing and grinding characteristics of the mineralization.
About the Saramacca Project
The Saramacca project is strategically located approximately
25 kilometres southwest of the Rosebel Gold Mine milling facility. Mineralization is hosted in the Paramaka Formation within the
lower part of the Marowijne Greenstone Belt, which is dominated by metamorphosed basalts in the immediate project area. These
are traversed by the regional, northwest trending Saramacca shear zone, which is believed to be an important deformation zone for
the localization of gold mineralization.
On August 30, 2016, the Company signed a letter of intent
with the Government of Suriname to acquire rights to the Saramacca property, with the intent of defining a National Instrument
43-101 mineral resource within 24 months. The terms of the letter included an initial payment of $0.2 million, which enabled immediate
access to the property for Rosebel's exploration team to conduct due diligence, as well as access to the data from previous exploration
activity at the Saramacca property. On September 30, 2016, having been satisfied with the results of the due diligence, the Company
ratified the letter of intent to acquire the Saramacca property and subsequently paid $10 million in cash and agreed to issue 3.125
million IAMGOLD common shares to the Government of Suriname in three approximately equal annual instalments on each successive
anniversary of the date the right of exploration was transferred to Rosebel (December 14, 2016). In addition, the agreement provides
for a potential upward adjustment to the purchase price based on the contained gold ounces identified by Rosebel in National Instrument
43-101 measured and indicated resource categories, within a certain Whittle shell within the first 24 months, to a maximum of $10
million.
The Saramacca project falls within the "UJV" area
as defined in an Agreement with the Government of Suriname announced on April 15, 2013. The Agreement establishes a joint
venture growth vehicle under which Rosebel would hold a 70% participating interest and the Government will acquire a 30% participating
interest on a fully-paid basis.
On September 5th, 2017, the Company announced the
first mineral resource estimate 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") for the Saramacca deposit,
and subsequently filed a NI 43-101 Technical Report available on the Company's website at www.iamgold.com or under the Company's
profile at www.sedar.com. The resource estimate comprises 14.4 million tonnes of indicated resources averaging
2.20 grams of gold per tonne for 1,022,000 ounces and 13.6 million tonnes of inferred resources averaging 1.18 grams of gold per
tonne for 518,000 ounces. Approximately 60% of the resources are contained within shallow, softer laterite and saprolite hosted
mineralization. The Saramacca deposit is believed to have significant potential for expansion.
Qualified Persons and Technical Information
The drilling results contained in this news release have been
prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
The "Qualified Person" responsible for the supervision
of the preparation, verification and review of the technical information in this release is Samuelle Gariepy, P. Geo., Senior Exploration
Geologist with the regional exploration team at the Rosebel Gold Mine in Suriname. She is considered a "Qualified Person"
for the purposes of National Instrument 43-101 with respect to the technical information being reported on. The technical information
has been included herein with the consent and prior review of the above noted Qualified Person.
The information in this news release was reviewed and approved
by Craig MacDougall, P.Geo., Senior Vice President, Exploration for IAMGOLD. Mr. MacDougall is a Qualified Person as defined by
National Instrument 43-101.
The sampling of, and assay data from, drill core is monitored
through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practice.
Drill core (HQ and NQ size) samples are selected by the IAMGOLD geologists and sawn in half with a diamond saw at the Rosebel mine
site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and a
half metres in length depending on the geological observations.
Samples are transported in sealed bags to FILAB in Paramaribo,
Suriname, a representative lab of ALS. FILAB is an ISO 9001 (2008) and ISO/IEC 170250 accredited laboratory. Samples are
weighed and coarse crushed to <2.5 mm, and 350-450 grams is pulverized to 85% passing <100 μm. Samples are analyzed
for gold using standard fire assay technique with a 50 gram charge and an Atomic Absorption (AA) finish. IAMGOLD inserts blanks
and certified reference standard in the sample sequence for quality control. Samples representative of the various lithologies
are collected from each drill hole and measured for bulk density at the site RGM laboratory.
Forward Looking Statement
This news release contains forward-looking statements.
All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without limitation, statements regarding expected, estimated or planned
gold production, cash costs, margin expansion, capital expenditures and exploration expenditures and statements regarding the estimation
of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking
statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue",
"expect", "estimate", "believe", "plan" or "project" or the negative of these
words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks
and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the
Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results
or events to differ materially from current expectations include, among other things, without limitation, failure to meet expected,
estimated or planned gold production, cash costs, margin expansion, capital expenditures and exploration expenditures and failure
to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's
expectations, changes in world gold markets and other risks disclosed in IAMGOLD's most recent Form 40-F/Annual Information Form
on file with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities. Any
forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward-looking statement.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a mid-tier mining company with
four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented
by development and exploration projects and continued assessment of accretive acquisition opportunities. IAMGOLD is in a strong
financial position with extensive management and operational expertise.
Please note:
This entire news release may be accessed via fax, e-mail,
IAMGOLD's website at www.iamgold.com and through CNW Group's website at www.newswire.ca. All material information on IAMGOLD can
be found at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version française
de ce communiqué, veuillez consulter le http://www.iamgold.com/French/accueil/default.aspx.
Table 1: Diamond Drill Hole Assay Results
| A: Infill drilling along the main mineralized structures (main fault) within resource pit shell |
| HOLE-ID |
Local UTM grid |
End of
hole (m) |
Azimuth
(°) |
Dip
(°) |
From
(m) |
To
(m) |
Interval
(m) |
True
Width (m)3 |
Au (g/t) |
Au (g/t)
(capped at 30
g/t Au)2 |
| Easting |
Northing |
Elev. |
| SMDD17-181 |
32833 |
63386 |
891 |
89.2 |
215 |
-50 |
0 |
10.5 |
10.5 |
5.65 |
0.88 |
0.88 |
| SMDD17-181A |
32832 |
63384 |
891 |
345 |
215 |
-50 |
0 |
10.5 |
10.5 |
5.73 |
1.07 |
1.07 |
| |
|
|
|
|
|
|
228 |
235.5 |
7.5 |
4.09 |
2.59 |
2.59 |
| |
|
|
|
|
|
|
261 |
300 |
39 |
21.28 |
3.47 |
3.47 |
| SMDD17-188 |
32495 |
63684 |
866 |
117 |
215 |
-50 |
24 |
55.5 |
31.5 |
17.19 |
2.16 |
2.16 |
| |
|
|
|
|
|
|
94.5 |
100.5 |
6 |
3.27 |
6.05 |
6.05 |
| SMDD17-195 |
32329 |
63972 |
826 |
186 |
215 |
-47 |
No significant results |
| |
|
|
|
|
|
|
248 |
254 |
6 |
3.11 |
0.55 |
0.55 |
| SMDD17-216 |
32688 |
63268 |
917 |
420.5 |
35 |
-50 |
67.8 |
75 |
7.2 |
4.89 |
2.52 |
2.52 |
| B: Expansion drilling along the main mineralized structures (main fault) below resource pit shell |
| HOLE-ID |
Local UTM grid |
End of
hole (m) |
Azimuth
(°) |
Dip
(°) |
From
(m) |
To
(m) |
Interval
(m) |
True
Width (m)3 |
Au (g/t) |
Au (g/t)
(capped at 30
g/t Au)2 |
| Easting |
Northing |
Elev. |
| SMDD17-182 |
32873 |
63357 |
892 |
402.5 |
215 |
-50 |
309.5 |
315.5 |
6 |
3.27 |
67.39 |
15.33 |
| |
|
|
|
|
|
|
348.5 |
363.3 |
14.8 |
8.07 |
2.91 |
2.91 |
| SMDD17-187 |
32672 |
62976 |
912 |
417 |
35 |
-50 |
297 |
304 |
7 |
4.75 |
1.27 |
1.27 |
| SMDD17-190 |
32436 |
63863 |
848 |
237 |
215 |
-50 |
No significant results |
| SMDD17-192 |
32406 |
63909 |
838 |
258 |
215 |
-50 |
No significant results |
| SMDD17-193 |
32729 |
63499 |
880 |
306 |
215 |
-50 |
No significant results |
| SMDD17-194 |
32710 |
62963 |
899 |
384.5 |
35 |
-50 |
261.5 |
272 |
10.5 |
7.13 |
1.3 |
1.3 |
| SMDD17-196 |
32776 |
63482 |
874 |
345 |
215 |
-50 |
240 |
268.5 |
28.5 |
15.55 |
3.85 |
3.85 |
| SMDD17-198 |
32631 |
63616 |
888 |
275 |
215 |
-50 |
220.5 |
226 |
5.5 |
3 |
2.08 |
2.08 |
| SMDD17-199 |
32456 |
63794 |
876 |
193.5 |
215 |
-50 |
No significant results |
| SMDD17-201 |
32302 |
63588 |
881 |
321.5 |
35 |
-50 |
279.5 |
285.5 |
6 |
4.07 |
3.26 |
3.26 |
| SMDD17-202 |
32588 |
63733 |
862 |
315.5 |
215 |
-51 |
255.5 |
294.5 |
39 |
20.74 |
3.06 |
3.06 |
| SMDD17-204 |
32144 |
63798 |
882 |
273.5 |
35 |
-53 |
No significant results |
| SMDD17-207 |
31799 |
64341 |
721 |
225.5 |
35 |
-50 |
No significant results |
| SMDD17-209 |
31762 |
64290 |
730 |
351.5 |
35 |
-55 |
276.5 |
290 |
13.5 |
8.34 |
1.04 |
1.04 |
| SMDD17-211 |
32860 |
63425 |
880 |
447.5 |
215 |
-50 |
362 |
393.5 |
31.5 |
17.19 |
1.88 |
1.88 |
| SMDD17-213 |
32158 |
64421 |
720 |
432.5 |
215 |
-50 |
0 |
5.25 |
5.25 |
2.86 |
0.6 |
0.6 |
| |
|
|
|
|
|
|
180.5 |
189.5 |
9 |
4.91 |
0.72 |
0.72 |
| |
|
|
|
|
|
|
206 |
219.5 |
13.5 |
7.37 |
1.02 |
1.02 |
| |
|
|
|
|
|
|
329 |
338 |
9 |
4.91 |
1.19 |
1.19 |
| |
|
|
|
|
|
|
360.5 |
395 |
34.5 |
18.82 |
4.5 |
4.5 |
| |
|
|
|
|
|
|
414.5 |
422 |
7.5 |
4.09 |
1.13 |
1.13 |
| C: Infill drilling along the secondary mineralized structures within resource pit shell |
| HOLE-ID |
Local UTM grid |
End of
hole (m) |
Azimuth
(°) |
Dip
(°) |
From
(m) |
To
(m) |
Interval
(m) |
True
Width (m)3 |
Au (g/t) |
Au (g/t)
(capped at 30
g/t Au)2 |
|
|
|
|
|
|
| |
Easting |
Northing |
Elev. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SMDD17-185 |
32795 |
63592 |
864 |
157.5 |
215 |
-50 |
37.5 |
94.5 |
57 |
31.1 |
2.56 |
2.56 |
|
|
|
|
|
|
| SMDD17-200 |
32319 |
64126 |
773 |
297 |
215 |
-50 |
153.4 |
162 |
8.6 |
4.69 |
5.8 |
5.8 |
|
|
|
|
|
|
| SMDD17-210 |
32179 |
64280 |
730 |
309.5 |
215 |
-52 |
120 |
131.5 |
11.5 |
5.96 |
3.44 |
3.44 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
248 |
254 |
6 |
3.93 |
0.54 |
0.54 |
|
|
|
|
|
|
| D: Expansion drilling along the secondary mineralized structures below resource pit shell |
| HOLE-ID |
Local UTM grid |
End of
hole (m) |
Azimuth
(°) |
Dip
(°) |
From
(m) |
To
(m) |
Interval
(m) |
True
Width (m)3 |
Au (g/t) |
Au (g/t)
(capped at 30
g/t Au)2 |
| Easting |
Northing |
Elev. |
| SMDD17-183 |
32904 |
63480 |
859 |
231 |
215 |
-50 |
0 |
9 |
9 |
4.91 |
1.16 |
1.16 |
| |
|
|
|
|
|
|
196.5 |
217.5 |
21 |
11.46 |
4.87 |
4.87 |
| SMDD17-191 |
32810 |
63088 |
883 |
282 |
35 |
-50 |
No significant results |
| SMDD17-197 |
32362 |
64112 |
779 |
297 |
215 |
-50 |
204 |
213 |
9 |
4.91 |
1.43 |
1.43 |
| SMDD17-203 |
32272 |
64152 |
767 |
291 |
215 |
-50 |
0 |
16.5 |
16.5 |
9 |
0.8 |
0.8 |
| |
|
|
|
|
|
|
136.5 |
142.5 |
6 |
3.27 |
2.72 |
2.72 |
| SMDD17-208 |
32912 |
63408 |
873 |
183.5 |
215 |
-50 |
0 |
12 |
12 |
6.55 |
2.33 |
2.33 |
| |
|
|
|
|
|
|
139.5 |
153.5 |
14 |
7.64 |
2.81 |
2.81 |
| |
|
|
|
|
|
|
159.5 |
170 |
10.5 |
5.73 |
0.52 |
0.52 |
| SMDD17-215 |
31917 |
64604 |
697 |
243 |
215 |
-50 |
1.5 |
21 |
19.5 |
10.64 |
1 |
1 |
| |
|
|
|
|
|
|
142.5 |
151.5 |
9 |
4.91 |
3.98 |
3.98 |
| E: Expansion drilling along strike at the south east end of resource pit shell |
| HOLE-ID |
Local UTM grid |
End of
hole (m) |
Azimuth
(°) |
Dip
(°) |
From
(m) |
To
(m) |
Interval
(m) |
True
Width (m)3 |
Au (g/t) |
Au (g/t)
(capped at 30
g/t Au)2 |
| Easting |
Northing |
Elev. |
| SMDD17-184 |
33026 |
63226 |
874 |
243 |
215 |
-50 |
No significant results |
| SMDD17-186 |
32968 |
62957 |
846 |
234 |
215 |
-50 |
No significant results |
| SMDD17-189 |
32907 |
62907 |
854 |
165 |
215 |
-50 |
No significant results |
| F: Expansion drilling along strike at the north west end of resource pit shell |
| HOLE-ID |
Local UTM grid |
End of
hole (m) |
Azimuth
(°) |
Dip
(°) |
From
(m) |
To
(m) |
Interval
(m) |
True
Width (m)3 |
Au (g/t) |
Au (g/t)
(capped at 30
g/t Au)2 |
| Easting |
Northing |
Elev. |
| SMDD17-212 |
31723 |
64675 |
667 |
84 |
215 |
-50 |
30 |
39 |
9 |
4.91 |
0.69 |
0.69 |
| SMDD17-214 |
31776 |
64750 |
659 |
225.5 |
215 |
-50 |
No significant results |
| G: Exploration drilling north of resource pit shell |
| HOLE-ID |
Local UTM grid |
End of
hole (m) |
Azimuth
(°) |
Dip
(°) |
From
(m) |
To
(m) |
Interval
(m) |
True
Width (m)3 |
Au (g/t) |
Au (g/t)
(capped at 30
g/t Au)2 |
| Easting |
Northing |
Elev. |
| SMDD17-205 |
32483 |
64277 |
717 |
156 |
215 |
-50 |
No significant results |
| SMDD17-206 |
32541 |
64348 |
702 |
180.5 |
215 |
-50 |
No significant results |
| Notes: |
| 1. |
Drill hole intercepts are calculated using a 0.50 g/t Au assay cut-off and 5m minimum length |
| 2. |
During compositing, assays greater than 30 g/t Au are capped at 30 g/t Au |
| 3. |
True widths are estimated from intersected geometries |
Figure 1: Saramacca drill hole plan map and highlighted 2017
assay results.
SOURCE IAMGOLD Corporation
View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/16/c1867.html
%CIK: 0001203464
For further information: Ken Chernin, VP Investor Relations,
IAMGOLD Corporation, Tel: (416) 360-4743, Mobile: (416) 388-6883; Laura Young, Director, Investor Relations, IAMGOLD Corporation,
Tel: (416) 933-4952, Mobile: (416) 670-3815, Toll-free: 1-888-464-9999, info@iamgold.com
CO: IAMGOLD Corporation
CNW 07:00e 16-NOV-17
This regulatory filing also includes additional resources:
ex991.pdf
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