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Iamgold Corp. Lists Inferred Mineral Estimate For Eastern Borosi Project

Kitco News

Iamgold Corp. (TSX: IMG; NYSE: IAG) has announced a new inferred mineral resource estimate for the Eastern Borosi joint-venture gold project in Nicaragua. The project is 51% owned by Iamgold and 49% by Calibre Mining Corp. Iamgold says the underground resource estimate consists of inferred resources totaling 3,219,000 tonnes grading 6.03 grams per tonne of gold and 104 g/t of silver for 624,000 ounces of gold and 10,758,500 ounces of silver. The open-pit resource estimate includes inferred resources totaling 1,199,000 tonnes grading 1.98 g/t gold and 16 g/t silver for 76,500 ounces of gold and 601,000 ounces of silver. "This new resource estimate reported for the Eastern Borosi project consolidates the results of successive drilling campaigns completed by the joint venture partners under the direction of the Calibre exploration team between 2014 and the end of 2017,” says Craig MacDougall, senior vice president of exploration for Iamgold. “Numerous vein systems and targets remain to be explored and the potential for resource additions and further discoveries is considered to be favorable.” The mineral resource estimate for the project incorporates assay results from 77 diamond drill holes totaling nearly 17,350 meters.

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

 

Avino Reports Rise In Fourth-Quarter Net Income

Tuesday April 03, 2018 08:50

Avino Silver & Gold Mines Ltd. (TSX, NYSE American: ASM: FSE: GV6) reports net income for the fourth quarter was $1.5 million, or 3 cents per share, up from $1 million, or 2 cents, in the first quarter of 2017. The company produced 637,012 silver-equivalent ounces, down 10% from 707,775 a year earlier. For full-year 2017, net income came in at $2.7 million, or a nickel per share, compared to $1.5 million, or 4 cents, in 2016. Silver-equivalent output was roughly steady at 2.7 million ounces.  

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