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Canada : IAMGOLD provides Further Diamond Drilling Results on the Boto Project Senegal.

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.

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."

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).

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.

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.

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Publication:Mena Report
Geographic Code:6MALI
Date:Sep 16, 2016
Words:503
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