TSX:IMG NYSE:IAG
TORONTO, Sept. 15, 2016 /PRNewswire/ - IAMGOLD
Corporation ("IAMGOLD" or the "Company") today announced
additional drilling results from its 100% owned Boto Gold Project
in eastern Senegal, West Africa. The Company is reporting assay
results from twenty-three diamond drill holes at the Malikoundi
deposit totaling 2,217 metres, completed prior to the commencement
of the rainy season, including five diamond drill holes that were
deepened to target footwall mineralization and provide additional
geotechnical information.
The assay results are provided in Tables 1 and 2 and include the
following highlights:
Malikoundi
Deposit:
|
|
• Drill hole
2300:
|
9 metres grading
4.76 g/t gold
|
|
• Drill Hole
2302:
|
12 metres grading
6.39 g/t gold
|
|
|
Includes: 3 metres
grading 20.77 g/t gold
|
|
• Drill hole
2303:
|
22 metres grading
4.04 g/t gold
|
Malikoundi Deposit
(Deepened Holes):
|
|
• Drill hole
2122:
|
32 metres grading
5.19 g/t gold
|
|
• Drill Hole
2218:
|
42 metres grading
3.60 g/t gold
|
Craig MacDougall, Senior Vice
President, Exploration for IAMGOLD, stated, "The drilling program
has successfully delineated near surface, shallow
mineralization extending 500 metres along strike, north of
the Malikoundi deposit; and has confirmed the presence of wide
intervals of high grade mineralization located in the footwall to
the main deposit which was not fully tested in previous drilling
programs. Further drilling is planned at the end of the rainy
season to follow up these encouraging results."
BOTO PROJECT, SENEGAL
The Boto project comprises 236 square kilometres of exploration
licenses located in eastern Senegal along the Senegal-Mali
border. The geological setting of the project area is similar
to the prolific Sadiola and Loulo gold districts in adjacent
Mali, being underlain by highly
prospective, Birimian-aged metasedimentary, volcanic and intrusive
rocks along a seven-kilometre strike length of the Senegal-Mali
Shear Zone.
The project hosts an indicated resource of 27.7 million tonnes
averaging 1.8 g/t gold for 1.56 million ounces and an inferred
resource of 2.9 million tonnes averaging 1.3 g/t gold for 125,000
ounces (see news release regarding reserves and resources dated
February 17, 2016).
Next Steps
To date, the Company has completed 5,176 metres of diamond
drilling at the Malikoundi deposit to test for extensions of
mineralization at depth and along strike beyond the current
resource model as well as the re-entry and deepening of selected
drill holes which previously stopped in footwall
mineralization. The drilling program includes 765 metres
completed to provide geotechnical information to help define
potential pit wall slopes. The assay results will be
incorporated into an updated resource model for use in ongoing
project evaluation studies. Diamond drilling is expected to
resume in the fourth quarter upon completion of the rainy
season.
Technical Information and Quality Control Notes
Boto Project, Senegal:
The Boto drilling results contained in this news release have
been prepared in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects. 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 project site. Half of the core is
retained at the site for reference purposes. Sample intervals are
generally one metre in length. Samples are prepared at the Veritas
Preparation Laboratory in Bamako,
Mali and analyzed using a standard fire assay with a 50 gram
charge with an Atomic Absorption (AA) finish at the Veritas
Analytical Laboratory in Abidjan, Ivory
Coast.
Qualified Persons
The information in this news release was prepared under the
supervision of, and reviewed and verified by, Craig MacDougall, P.Geo., Senior Vice President,
Exploration for IAMGOLD. Mr. MacDougall is a Qualified Person as
defined by National Instrument 43-101.
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", "continue",
"expect", "estimate", "intend", "to have', "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: Boto
Project Drilling Results – Malikoundi Deposit
|
Hole No.
|
UTM
(WGS84Zone29N)
|
AZ
|
DIP
|
EOH
|
From
|
To
|
Length
|
Grade
|
|
Easting
|
Northing
|
Elevation
|
(degrees)
|
(degrees)
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t Au)
|
2298
|
241959
|
1380551
|
158
|
113
|
-60
|
105
|
69
|
74
|
5
|
3.31
|
2299
|
241956
|
1380498
|
159
|
115
|
-60
|
110
|
80
|
82
|
2
|
1.88
|
2300
|
241999
|
1380478
|
160
|
115
|
-60
|
60
|
16
|
25
|
9
|
4.76
|
2301
|
241953
|
1380445
|
160
|
115
|
-60
|
115
|
65
|
73
|
8
|
1.93
|
2302
|
241998
|
1380424
|
161
|
115
|
-60
|
65
|
13
|
25
|
12
|
6.39
|
includes
|
|
|
|
|
|
|
17
|
20
|
3
|
20.77
|
2303
|
241951
|
1380390
|
161
|
115
|
-60
|
115
|
65
|
87
|
22
|
4.04
|
includes
|
|
|
|
|
|
|
83
|
85
|
2
|
21.50
|
2304
|
241996
|
1380370
|
161
|
115
|
-60
|
65
|
20
|
31
|
11
|
2.71
|
2305
|
241947
|
1380281
|
162
|
115
|
-60
|
115
|
22
|
26
|
4
|
1.15
|
|
|
|
|
|
|
|
75
|
88
|
13
|
3.29
|
2306
|
241992
|
1380261
|
162
|
121
|
-60
|
65
|
19
|
27
|
8
|
2.12
|
2307
|
241945
|
1380227
|
162
|
115
|
-60
|
115
|
69
|
83
|
14
|
1.25
|
2308
|
241991
|
1380206
|
162
|
115
|
-60
|
67
|
27
|
31
|
4
|
1.89
|
2309
|
241943
|
1380175
|
162
|
120
|
-60
|
110
|
69
|
91
|
22
|
0.69
|
2310
|
241988
|
1380154
|
163
|
115
|
-60
|
60
|
12
|
20
|
8
|
1.74
|
2311
|
241941
|
1380123
|
163
|
115
|
-60
|
105
|
80
|
88
|
8
|
1.34
|
2312
|
241986
|
1380102
|
163
|
115
|
-60
|
55
|
25
|
36
|
11
|
4.03
|
2317
|
242076
|
1378829
|
158
|
103
|
-60
|
200
|
131
|
134
|
3
|
1.05
|
2318
|
242122
|
1378808
|
158
|
111
|
-60
|
200
|
64
|
72
|
8
|
1.12
|
|
|
|
|
|
|
|
89
|
92
|
3
|
1.49
|
2319
|
242167
|
1378787
|
154
|
124
|
-60
|
180
|
15
|
33
|
18
|
0.69
|
|
|
|
|
|
Total
|
1907
|
|
|
|
|
Notes:
- Drill hole intercepts are calculated using a minimum down-hole
length of 2 metres, a cut-off grade of 0.5 g/t gold, a global assay
cap of 25 g/t gold and may include up to 5 metres of internal
dilution.
- The true widths of intersections are interpreted to approximate
the reported downhole lengths.
Table 2: Boto
Project Drilling Results – Deepened Drill Holes (EXT), Malikoundi
Deposit
|
Hole No.
|
UTM
(WGS84Zone29N)
|
AZ
|
DIP
|
EOH
|
From
|
To
|
Length
|
Grade
|
|
Easting
|
Northing
|
Elevation
|
(degrees)
|
(degrees)
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t Au)
|
2117 Ext
|
241865
|
1379093
|
165
|
115
|
-60
|
380
|
372
|
374
|
2
|
1.20
|
2122*
|
241866
|
1379204
|
165
|
115
|
-60
|
275
|
259
|
272
|
13
|
7.94
|
2122 EXT
|
241866
|
1379204
|
165
|
115
|
-60
|
325
|
259
|
291
|
32
|
5.19
|
includes
|
|
|
|
|
|
|
289
|
291
|
2
|
10.65
|
2125*
|
241815
|
1379338
|
166
|
115
|
-60
|
300
|
274
|
299
|
25
|
1.64
|
2125 Ext
|
241815
|
1379338
|
166
|
115
|
-60
|
335
|
274
|
324
|
50
|
1.57
|
2218*
|
241774
|
1379187
|
166
|
116
|
-60
|
365
|
335
|
365
|
30
|
3.82
|
2218 Ext
|
241774
|
1379187
|
166
|
116
|
-60
|
431
|
335
|
377
|
42
|
3.60
|
|
|
|
|
|
|
|
413
|
431
|
18
|
2.44
|
2220*
|
241867
|
1379149
|
165
|
116
|
-60
|
350
|
294
|
300
|
6
|
4.18
|
2220 Ext
|
241867
|
1379149
|
165
|
116
|
-60
|
350
|
294
|
321
|
27
|
2.03
|
|
|
|
|
|
Total Ext
|
310
|
|
|
|
|
Notes:
- Drill hole intercepts are calculated using a minimum down-hole
length of 2 metres, a cut-off grade of 0.5 g/t gold, a global assay
cap of 25 g/t gold and may include up to 5 metres of internal
dilution.
- The true widths of intersections are interpreted to approximate
the reported downhole lengths.
- * - previously reported footwall intercept (see news releases
dated November 5, 2012; May 21, 2013 and February
3, 2015)
SOURCE IAMGOLD Corporation