Iamgold Reports High-Grade Findings At Diakha Deposit
Iamgold Corp. (TSX: IMG: NYSE: IAG) reports high-grade drill intersections from its 2017 drilling program on the Diakha deposit of the Siribaya project in Mali. The company reported on 105 drill holes totaling 19,520 meters. Highlights of infill drill holes included 26 meters grading 6.79 grams per tonne of gold, including 8 meters at 20.52; 18.0 meters grading 11.06 g/t, including: 6 meters grading 32.45; and 13 meters grading 2.81 g/t and 26.0 meters grading 2.62. The company also listed what it considered upbeat findings for expansion drill holes. Craig MacDougall, senior vice president of exploration for Iamgold, says the 2017 program “not only better delineated high-grade structures within the known resource, but have also confirmed extensions of the mineralization to both the north and south along strike beyond the current resource pit shell. These extensions have nearly doubled the strike length of the mineralized foot print and we continue to advance towards our objective of achieving a targeted resource threshold of 2 million ounces."
By Allen Sykora of Kitco News; email@example.com
Seabridge: Iron Cap Offers ‘Promising Alternative Development’ At KSM
Wednesday January 31, 2018 08:56
Seabridge Gold (TSX: SEA; NYSE: SA) says its 2017 drilling program suggests the Iron Cap deposit in British Columbia could offer a “promising alternative development” approach for the KSM project. The company is in the process of incorporating the results into an updated resource estimate. Meanwhile, Rudi Fronk, chairman and chief executive officer, says Seabridge intends to investigate moving Iron Cap sooner into the KSM mine plan, which currently proposes developing Iron Cap after Mitchell, Kerr and Sulphurets. “However, drilling over the past two years is changing our thinking. In our view, size and grade appear to be set to rise,” he says. “We now believe that exploiting Iron Cap earlier has the potential to significantly improve KSM’s economics because it could defer significant capital costs and expedite better grades into the mine sequence. We are planning another program at Iron Cap this year to expand the known zones of mineralization, fill in some of the holes in past drilling and move these newly defined intervals towards reserve definition.”