IAMGOLD issued the following announcement on Feb. 28.
IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided an update from its 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 re-commenced drilling operations and completed a further 97 diamond drill holes totaling 24,282 metres to continue to delineate the Saramacca deposit. The primary focus of the program was to increase confidence in the resource and to target resource expansions immediately adjacent to the initial resource pit shell. Assay results from the remaining 60 diamond drill holes totaling nearly 14,360 metres are reported herein.
Assay intersections relating to this release are provided in Table 1 and include the following highlights:
Infill Drill Holes:
- SMDD17-231: 46.0 metres grading 11.73 g/t Au
- SMDD17-249: 29.5 metres grading 2.52 g/t Au
- SMDD17-267: 28.5 metres grading 2.47 g/t Au
Expansion Drill Holes:
- SMDD17-218: 15.0 metres grading 22.90 g/t Au
- SMDD17-227: 32.5 metres grading 2.28 g/t Au
- SMDD17-248: 31.5 metres grading 3.70 g/t Au
- SMDD17-255: 10.5 metres grading 22.48 g/t Au
and : 10.5 metres grading 2.99 g/t Au
Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The completion of our phase II delineation drilling program has continued to deliver strong results and allow us to refine our resource model. We are currently incorporating these results in an updated resource model, which when coupled with the ongoing engineering studies, is expected to allow us to upgrade the project to a reserve status in 2018. As we have previously stated, we are continuing to advance towards production in 2019.”
Original source can be found here.