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Iamgold: Drilling At Diakha Deposit Reveals High Grades

Kitco News

Iamgold Corp. (TSX: IMG; NYSE: IAG) is upbeat about results from a 2018 drilling program at the Diakha deposit on the Siribaya project in western Mali. Officials report assay results for 100 drill holes totaling 14,634 meters. Among the highlights are five infill drill holes with gold grading anywhere from 1.61 grams per tonne to 10.15, as well as three expansion holes ranging from 1.39 to 12.46 g/t. "We continue to be very pleased with the results of our delineation drilling programs, which confirm not only wide zones of mineralization and locally high grades from infill holes within the existing resource, but also well mineralized intervals beyond the original resource limits,” says Craig MacDougall, senior vice president for exploration. “The deposit now extends for nearly three kilometers along strike, which we believe will positively impact an updated resource estimate due for completion by year end.”

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

 

Newmont: Suriname Mine Pours 1 Millionth Ounce Of Gold

Thursday October 18, 2018 09:23

Newmont Suriname has hit 1 million ounces of gold poured at the Merian gold mine in eastern Suriname two years after commercial production began in October 2016, reports Newmont Mining Corp. (NYSE: NEM). Merian employs approximately 2,000 people. “Our partnerships with the government, Staatsolie and local Pamaka communities form the foundation of the mine’s success and we look forward to many more years of safe, efficient and responsible gold production in Suriname,” says Albert Ramdin, Newmont’s senior director for external relations in Suriname. The second phase of the Merian project was completed on time and within budget this year, with the construction of a primary crusher to process harder ores that will be recovered as the mine gets deeper. Based on current gold reserves, Newmont Suriname projects a mine life of approximately 15 years for Merian.

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

 

Alio Gold Reports Increased Estimate Of Gold For Nevada Mine

Thursday October 18, 2018 09:23

Alio Gold Inc. (TSX, NYSE American: ALO) announces an updated mineral resource estimate for its Florida Canyon Mine in Nevada showing more of the precious metal than previously thought. The estimate includes 132.9 million tonnes at 0.40 grams per tonne of gold. The company reports 1.7 million ounces of contained gold, an increase of 52% compared with the preliminary economic assessment. “The updated mineral resource estimate for Florida Canyon formalizes the view that we held on acquisition of the mine earlier this year and is an important first step in completing our life-of-mine plan,” said Greg McCunn, chief executive officer. “We are on track to deliver the plan by the end of this year and anticipate the report will further highlight the value of Florida Canyon.”

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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