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Iamgold: Assay Results Show Mineralization At Nelligan Project

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Iamgold Corp. (TSX: IMG; NYSE: IAG) announces that the first assay results from its ongoing 2018 drilling program at the Nelligan joint venture project, in which Iamgold owns 51% and Vanstar Mining Resources Inc. 49%, showed more mineralization. The project is located 60 kilometers southwest of Chibougamau, Quebec, Canada. Iamgold reports results from 12 diamond holes totaling 4,471 meters, with results pending from the remaining 20 drill holes totaling 8,889 meters. For the Liam zone, the company lists findings of 7.6 meters grading 2.39 grams per tonne of gold and 39.9 meters trading 1.38 g/t, including 1.5 meters grading 8.91 g/t. The company reports a number of findings for the Renard zone, including one that was 1.81 g/t over 56.6 meters. “The 2018 exploration drilling program continues to delineate wide zones of alteration and mineralization, allowing us to advance a preliminary deposit model and evaluate the resource potential of this large hydrothermal system,” says Craig MacDougall, senior vice president for exploration at Iamgold. “The results are encouraging and we are optimistic that we can advance this project to an initial resource estimate in the future.”

By Allen Sykora of Kitco News; asykora@kitco.com

 

Premier Expands High-Grade Zone At Mercedes

Tuesday September 11, 2018 09:10

Premier Gold Mines Ltd. (TSX: PG) says ongoing drilling results have expanded the high-grade zone at the Rey de Oro deposit at the Mercedes Mine in Mexico. The mine is located 150 kilometers north-northeast of the city of Hermosillo in the state of Sonora. Recent highlights include 12.64 grams per tonne of gold and 240.1 g/t silver across 29.65 meters, 0.41 g/t gold and 3,120 g/t silver across 1.52 meters, 17 g/t gold and 321 g/t silver across 1.1 meters, and 4.47 g/t gold and 138.5 g/t silver across 8.25 meters. “As we continue to advance an aggressive multi-year exploration program at Mercedes, the Rey de Oro target confirms our belief that substantial potential exists to expand the mine life” says Charlie Ronkos, executive vice president of Premier. “This new mineralized zone is under development and we plan to begin mining (prior to year-end) where we are achieving substantial widths. Mined grades at Rey de Oro are expected to be well above our current mine site reserve grade.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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