TORONTO, May 31, 2017 /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 reported assay results are
from the remaining twenty-two diamond drill holes, totaling 2,842
metres, completed at the Malikoundi deposit and Malikoundi North
extension. The Company's ongoing drilling program had resumed in
the fourth quarter of 2016 after seasonal rains, and continued into
the first quarter of 2017.
The assay results are provided in Tables 1 and 2 and include the
following highlights:
Malikoundi Deposit (Deepened Holes):
- Drill Hole DBDD-2201: 37 metres grading 1.83 g/t
gold
and 19 metres grading 3.28 g/t gold
- Drill Hole DBDD-2261: 42 metres grading 1.26 g/t gold
- Drill Hole DBDD-2266: 77 metres grading
4.35 g/t gold
Includes: 9 metres grading 11.76 g/t
gold
Malikoundi North Extension:
- Drill Hole DBDD-2321: 14 metres grading 1.64 g/t gold
- Drill Hole DBDD-2322: 22 metres grading 1.79 g/t
gold
Craig MacDougall, Senior Vice
President, Exploration for IAMGOLD, stated, "With the last round of
drilling results now in hand from our drilling program at the
Malikoundi deposit, we are working to update the resource model for
use in our ongoing technical evaluation of the project. Our
drilling activities are now focused on targeting possible resource
expansions at the Boto 5 and Boto 6 deposits."
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.
As of December 31, 2016, the
project hosts an indicated resource of 27.7 million tonnes
averaging 1.8 grams of gold per tonne for 1.56 million ounces and
an inferred resource of 2.9 million tonnes averaging 1.3 grams of
gold per tonne for 125,000 ounces (see news release regarding
reserves and resources dated February 22,
2017).
Next Steps
The drilling results from Malikoundi will be incorporated into
an updated resource model for the Boto project. Diamond
drilling activities continue on the property targeting additional
mineral resources along known mineralized trends associated with
the Boto 5 and Boto 4-6 deposits.
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 1 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 and Malikoundi North
Deposit
|
Hole#
|
UTM
(WGS84Zone29N)
|
AZ
|
DIP
|
EOH
|
From
|
To
|
Length
|
Grade
|
|
Easting
|
Northing
|
Elevation
|
(degrees)
|
(degrees)
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t Au)
|
2313
|
241964
|
1379263
|
165
|
90
|
-60
|
225
|
81
|
85
|
4
|
1.12
|
|
|
|
|
|
|
|
116
|
118
|
2
|
0.73
|
2314
|
242030
|
1379121
|
165
|
90
|
-60
|
215
|
63
|
65
|
2
|
0.65
|
2315
|
242128
|
1379248
|
164
|
90
|
-60
|
125
|
No significant
intersection
|
|
|
2316
|
242159
|
1378899
|
162
|
115
|
-60
|
60
|
No significant
intersection
|
|
|
2321
|
241943
|
1380065
|
163
|
115
|
-60
|
99
|
71
|
85
|
14
|
1.64
|
2322
|
241986
|
1380047
|
163
|
115
|
-60
|
45
|
13
|
35
|
22
|
1.79
|
2323
|
241903
|
1380302
|
162
|
115
|
-60
|
150
|
69
|
72
|
3
|
0.79
|
|
|
|
|
|
|
|
122
|
133
|
11
|
1.10
|
2324
|
241905
|
1380410
|
160
|
115
|
-60
|
150
|
127
|
131
|
4
|
1.48
|
2325
|
241946
|
1380501
|
159
|
115
|
-60
|
102
|
44
|
46
|
2
|
0.74
|
|
|
|
|
|
|
|
83
|
85
|
2
|
3.38
|
2326
|
242001
|
1380532
|
158
|
115
|
-60
|
42
|
14
|
16
|
2
|
0.84
|
2327
|
241957
|
1380674
|
131
|
122
|
-60
|
99
|
No significant
intersection
|
|
|
2328
|
242004
|
1380652
|
133
|
115
|
-60
|
45
|
No significant
intersection
|
|
|
2329
|
241894
|
1380251
|
162
|
115
|
-60
|
170
|
No significant
intersection
|
|
|
2330
|
241912
|
1380464
|
159
|
115
|
-60
|
160
|
117
|
129
|
12
|
1.47
|
2331
|
241896
|
1380195
|
162
|
115
|
-60
|
170
|
126
|
140
|
14
|
0.80
|
2332
|
242000
|
1379683
|
165
|
115
|
-60
|
60
|
44
|
48
|
4
|
0.52
|
2333
|
241986
|
1379822
|
164
|
115
|
-60
|
60
|
44
|
49
|
5
|
0.59
|
2334
|
241955
|
1379704
|
165
|
115
|
-60
|
108
|
93
|
95
|
2
|
1.99
|
2335
|
241941
|
1379842
|
164
|
115
|
-60
|
108
|
86
|
90
|
4
|
3.29
|
2336
|
241983
|
1379942
|
164
|
115
|
-60
|
61
|
26
|
40
|
14
|
0.99
|
2338
|
241938
|
1379963
|
164
|
115
|
-60
|
108
|
71
|
84
|
13
|
0.84
|
|
|
|
|
|
Total
|
2362
|
|
|
|
|
Notes:
|
1. Drill hole
intercepts are calculated using a minimum down-hole length of 2
meters, 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.
|
2. 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#
|
UTM
(WGS84Zone29N)
|
AZ
|
DIP
|
EOH
|
From
|
To
|
Length
|
Grade
|
|
Easting
|
Northing
|
Elevation
|
(degrees)
|
(degrees)
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t Au)
|
2201 Ext
|
241728
|
1379267
|
166
|
116
|
-60
|
470
|
375
|
412
|
37
|
1.83
|
including
|
|
|
|
|
|
|
405
|
407
|
2
|
15.37
|
|
|
|
|
|
|
|
420
|
439
|
19
|
3.28
|
2204*
|
241770
|
1379357
|
166
|
116
|
-60
|
350
|
318
|
350
|
32
|
1.67
|
2204 Ext
|
241770
|
1379357
|
166
|
116
|
-60
|
410
|
318
|
354
|
36
|
1.58
|
2217 Ext
|
241726
|
1379204
|
166
|
115
|
-60
|
500
|
407
|
411
|
4
|
2.95
|
|
|
|
|
|
|
|
428
|
433
|
5
|
0.80
|
|
|
|
|
|
|
|
478
|
481
|
3
|
1.26
|
2225 Ext
|
241776
|
1379295
|
166
|
116
|
-60
|
420
|
398
|
411
|
13
|
2.01
|
2259*
|
241633
|
1379366
|
166
|
115
|
-60
|
481
|
415
|
480
|
65
|
1.57
|
2259 Ext
|
241633
|
1379366
|
166
|
115
|
-60
|
570
|
415
|
492
|
77
|
1.48
|
|
|
|
|
|
|
|
503
|
510
|
7
|
1.74
|
|
|
|
|
|
|
|
522
|
527
|
5
|
5.54
|
|
|
|
|
|
|
|
533
|
567
|
34
|
1.34
|
2261*
|
241727
|
1379323
|
166
|
115
|
-60
|
417
|
403
|
415
|
12
|
2.07
|
2261 Ext
|
241727
|
1379323
|
166
|
115
|
-60
|
465
|
403
|
445
|
42
|
1.26
|
2266*
|
241639
|
1379254
|
166
|
115
|
-60
|
465
|
432
|
465
|
33
|
4.28
|
2266 Ext
|
241639
|
1379254
|
166
|
115
|
-60
|
525
|
432
|
509
|
77
|
4.35
|
including
|
|
|
|
|
|
|
469
|
478
|
9
|
11.76
|
including
|
|
|
|
|
|
|
483
|
485
|
2
|
9.77
|
|
|
|
|
|
|
|
523
|
525
|
2
|
4.49
|
|
|
|
|
|
Total
|
480
|
|
|
|
|
Notes:
|
1. Drill hole
intercepts are calculated using a minimum down-hole length of 2
meters, 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.
|
2. The true widths of
intersections are interpreted to approximate the reported downhole
lengths.
|
3. *- previously
reported footwall intercept (see new releases dated October 20,
2014; February 3, 2015, April 23, 2015 and July 20,
2015)
|
Boto Project Drillhole Map
SOURCE IAMGOLD Corporation