UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2019
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.
[ ] Form 20-F [ x ] 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 is incorporated, domiciled or legally organized (the registrants
home country), or under the rules of the home country exchange on which the
registrants securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the
registrants security holders, and, if 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.
Yes [ ]
No [ x ]
If "Yes" is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b): 82- ________
SUBMITTED HEREWITH
Exhibits
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 |
|
(Registrant) |
|
|
|
Date: July 23, 2019 |
By: |
/s/ Tim Bradburn |
|
|
Tim Bradburn |
|
Title: |
Vice President, Legal and Corporate Secretary |
IAMGOLD REPORTS POSITIVE RESULTS FROM ITS
2019
DRILLING PROGRAM AT MONSTER LAKE, QUEBEC
Toronto, Ontario, July 23, 2019 IAMGOLD Corporation
(IAMGOLD or the Company) today announced assay results from the 2019 winter
drilling program completed at its Monster Lake joint venture project (IAMGOLD
Corporation: 50%, TomaGold Corporation: 50%), located 50 kilometres southwest of
Chibougamau, Quebec, Canada. The Company is reporting the final assay results
from 16 drill holes, totaling 5,270 metres, completed as part of the 2019
exploration program.
The assay results are provided in Table 1 below and include the
following highlights: (A drill hole plan map and longitudinal sections are
attached to this news release.)
Annie Shear Zone system:
|
|
Drill hole ML19-244: 0.8
metres grading 357.0 g/t Au |
|
|
Drill hole ML19-248: 6.8
metres grading 3.85 g/t Au |
|
o |
Includes: 1.67 metres grading 6.43 g/t Au |
|
|
Drill hole ML19-249: 0.5 metres grading 133.0
g/t Au |
Big Mama Shear Zone area:
|
|
Drill hole ML19-245: 13.0 metres grading 2.27
g/t Au |
|
o |
Includes: 1.39 metres grading 6.45 g/t Au |
|
o |
Includes: 1.47 metres grading 7.65 g/t Au |
The Monster Lake joint venture project hosts an NI 43-101
compliant resource, effective as at February 26, 2018, comprising 1,109,700
tonnes of inferred resources averaging 12.14 grams of gold per tonne for 433,300
ounces of contained gold assuming an underground mining scenario (see news
releases dated March 28, 2018 and February 19, 2019).
The objective of the 2019 drilling program was to test priority
areas along the strike of the main structural corridor, hosting the 325-Megane
zone, for additional zones of mineralization with potential to increase total
mineral resources on the property. Three main target areas were tested along the
Monster Lake Mineralized Corridor and included: the southern extensions of the
325-Megane and Lower Shear zones; the general area of the intersection of the
Main Shear zone and the Big Mama Shear zone to the northeast of the 325-Megane
zone; and the Annie Shear zone system also to the northeast along strike of the
325-Megance zone. All of the areas targeted in this program were best accessed
during the winter when the ground is frozen.
Craig MacDougall, Senior Vice President, Exploration for
IAMGOLD, stated: This drilling program has yielded positive results from the
Big Mama and Annie areas, which included the intersection of some local high
grade intervals carrying visible gold. These positive results continue to
demonstrate the potential for the discovery of additional mineralized shoots
along the Monster Lake structural corridor.
Next Steps
These results will be incorporated into the structural and
deposit model and used to guide the next drilling programs. Ongoing field
activities for the summer season includes geological, geochemical and structural
studies to support exploration targeting.
About the Monster Lake Project
The Monster Lake project is underlain by Archean volcanic rocks
of the Obatogamau Formation and is traversed by an important deformation
corridor and associated gold-bearing mineralized structures. Historical drilling
and exploration by TomaGold Corporation (TomaGold) have identified a
four-kilometre long structural corridor, along which most of the known gold
occurrences discovered to date on the property are associated, including the
325-Megane Zone.
The Monster Lake Project is held under an earn-in option to
joint venture agreement with TomaGold. The Company holds an undivided 50%
interest in the property, and holds an option to earn a further 25% undivided
interest, for a total 75% undivided interest in the Project, should it spend a
total of C$10.0 million on the Project within a seven year period, beginning
January 1, 2015. Should a development decision be made by the joint venture, or
should the joint venture declare commercial production, TomaGold would be
entitled to a further C$1.0 million payment. Under the terms of the option
agreement, IAMGOLD continues to conduct exploration on the project with a view
to increase its ownership to 75%.
On August 14, 2017, IAMGOLD subscribed for 27.7 million common
shares of TomaGold from treasury representing 19.98% of the outstanding common
shares of TomaGold. The common shares were purchased at a price of C$0.09 per
common share, for an aggregate purchase price of C$2.5 million. Prior to the
acquisition, IAMGOLD did not hold any common shares of TomaGold.
Technical Information and Quality Control Notes
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 and review of this information is Marie-France Bugnon, P. Geo.,
General Manager Exploration. Marie-France 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 Qualified person has verified the data disclosed, and data underlying the
information or opinions contained herein.
The design of the drilling program and interpretation of
results is under the control of IAMGOLDs geological staff, including qualified
persons employing strict protocols consistent with NI 43-101 and industry best
practices. The sampling of, and assay data from, the drill core is monitored
through the implementation of a quality assurance - quality control (QA-QC)
program. Drill core (NQ size) is logged and 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 may vary
from half a metre to one and a half metres in length depending on the geological
observations.
Half-core samples are packaged and transported in sealed bags
to ALS Minerals Laboratory (ALS) located in Val-dOr, Québec. Samples are
coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95%
passing -150 mesh. ALS processes analytical pulps directly at their facilities
located in Val-dOr which is ISO / IEC 17025 certified by the Standards Council
of Canada. Samples are analyzed using a standard fire assay with a 50 gram
charge with an Atomic Absorption (AA) finish. For samples that return assay
values over 5.0 grams per tonne, another pulp is taken and fire assayed with a
gravimetric finish. Core samples showing visible gold or samples which have
returned values greater than 10.0 grams per tonne are re-analyzed by pulp
metallic analysis. IAMGOLD inserts blanks and certified reference standards in
the sample sequence for quality control.
page 2 of 6
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, anticipate, estimate,
believe, intend, to earn, 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 Companys 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 IAMGOLDs 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.
For further information please contact:
Indi Gopinathan, Investor Relations Lead, IAMGOLD
Corporation
Tel: (416) 360-4743 Mobile: (416) 388-6883
Martin Dumont, Senior Analyst Investor Relations,
IAMGOLD Corporation
Tel: (416) 933-5783 Mobile: (647) 967-9942
Toll-free: 1-888-464-9999 info@iamgold.com
Please note:
This entire news release may be accessed via fax, e-mail,
IAMGOLD's website at www.iamgold.com and through Newsfiles website at www.newsfilecorp.com. 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 www.iamgold.com/French/Home/default.aspx.
page 3 of 6
Table 1: Monster Lake Project Drilling Results - 2019
Drilling Program
Hole No. |
UTM NAD83 Zone18 |
AZ |
DIP |
EOH |
From |
To |
Interval |
True Width (2) |
Au (1) (3)
|
NOTE |
|
Easting |
Northing |
Elevation |
(°) |
(°) |
(m) |
(m) |
(m) |
(m) |
(m) |
(g/t) |
|
ML-19-235 |
519,967 |
5,488,171 |
369.36 |
290 |
-60 |
343.0 |
215.00 |
215.70 |
0.70 |
0.54 |
1.25 |
Main Shear Zone |
ML-19-236 |
519,903 |
5,488,130 |
368.96 |
295 |
-55 |
316.0 |
41.50 |
42.30 |
0.80 |
0.61 |
1.77 |
E-W Shear Zone |
|
|
|
|
|
|
|
146.00 |
149.20 |
3.20 |
2.45 |
1.03 |
Main Shear Zone |
ML-19-237 |
520,066 |
5,488,047 |
372.27 |
285 |
-55 |
520.0 |
333.43 |
338.00 |
4.57 |
3.50 |
1.39 |
Main Shear Zone |
ML-19-238 |
519,862 |
5,488,089 |
368.82 |
300 |
-50 |
241.0 |
211.55 |
212.55 |
1.00 |
0.77 |
1.84 |
Low er Shear Zone |
ML-19-239 |
519,892 |
5,487,962 |
369.28 |
305 |
-45 |
301.0 |
168.30 |
173.25 |
4.95 |
3.79 |
1.26 |
Main Shear Zone |
ML-19-240 |
519,797 |
5,488,794 |
371.46 |
310 |
-50 |
170.0 |
No significant results |
ML-19-241 |
519,826 |
5,488,800 |
372.85 |
310 |
-50 |
224.0 |
No significant results |
ML-19-242 |
519,878 |
5,488,830 |
373.46 |
310 |
-50 |
250.0 |
No significant results |
ML-19-243 |
520,187 |
5,488,837 |
371.86 |
310 |
-60 |
356.0 |
128.00 |
132.50 |
4.50 |
2.58 |
1.88 |
Big Mama Shear Zone |
ML-19-244 |
520,938 |
5,489,826 |
373.58 |
330 |
-60 |
409.0 |
182.20 |
183.00 |
0.80 |
0.51 |
357 |
Annie - Secondary Shear Zone |
|
|
|
|
|
|
|
245.30 |
246.00 |
0.70 |
0.45 |
2.77 |
Annie Shear Zone |
|
|
|
|
|
|
|
255.00 |
256.00 |
1.00 |
0.64 |
1.08 |
|
ML-19-245 |
520,202 |
5488856.43 |
371.96 |
320 |
-48 |
365.5 |
155.08 |
168.11 |
13.03 |
7.47 |
2.27 |
Big Mama Shear Zone |
Including (3) |
|
|
|
|
|
|
155.08 |
156.47 |
1.39 |
0.80 |
6.45 |
|
Including (3) |
|
|
|
|
|
|
166.64 |
168.11 |
1.47 |
0.84 |
7.65 |
|
|
|
|
|
|
|
|
219.40 |
221.35 |
1.95 |
1.49 |
1.20 |
Main Shear Zone |
ML-19-246 |
520,417 |
5,488,812 |
372.33 |
315 |
-45 |
494.0 |
392.10 |
393.85 |
1.75 |
1.34 |
5.27 |
Secondary Shear Zone |
|
|
|
|
|
|
|
417.83 |
422.15 |
4.32 |
3.31 |
1.61 |
Main Shear Zone |
Including (3) |
|
|
|
|
|
|
417.83 |
418.75 |
0.92 |
0.70 |
4.08 |
|
ML-19-247 |
520,744 |
5,489,618 |
376.16 |
330 |
-65 |
262.0 |
No significant results |
ML-19-248 |
520,714 |
5,489,432 |
377.29 |
315 |
-50 |
305.0 |
255.90 |
262.70 |
6.80 |
4.37 |
3.85 |
Annie Shear Zone |
Including (3) |
|
|
|
|
|
|
259.00 |
260.67 |
1.67 |
1.07 |
6.43 |
|
ML-19-249 |
520,462 |
5,489,231 |
374.15 |
329 |
-58 |
349.0 |
196.50 |
197.00 |
0.50 |
0.25 |
133 |
Annie - Secondary Shear Zone |
|
|
|
|
|
|
|
210.40 |
210.90 |
0.50 |
0.25 |
4.40 |
Annie - Secondary Shear Zone |
|
|
|
|
|
|
|
292.28 |
298.21 |
5.93 |
2.97 |
0.75 |
Annie Shear Zone |
|
|
|
|
|
|
|
302.53 |
306.44 |
3.91 |
1.96 |
1.78 |
|
ML-19-250 |
520,621 |
5,489,264 |
375.78 |
335 |
-50 |
364.0 |
330.30 |
335.00 |
4.70 |
2.35 |
0.57 |
Annie Shear Zone |
|
|
|
|
|
|
|
342.50 |
343.85 |
1.35 |
0.68 |
5.51 |
Annie Shear Zone |
|
|
|
|
|
|
|
347.50 |
349.75 |
2.25 |
1.13 |
1.71 |
Annie Shear Zone |
Notes:
1. Drill hole intercepts are calculated using a 0.50
g/t Au assay cut-off.
2. True widths of intersections are approximately 50
to 80% of the core interval.
3. Assays are reported uncut but high grade
sub-intervals are highlighted.
page 4 of 6
page 5 of 6
page 6 of 6
This regulatory filing also includes additional resources:
exhibit99-1.pdf
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