Mining Minutes
Iamgold Reports Initial Resource Estimate For Gossey Deposit
Iamgold Corp. (TSX: IMG; NYSE: IAG) reports that combined indicated and inferred resources for the Gossey satellite deposit, located 15 kilometers northwest of its Essakane operation in Burkina Faso, amount to 376,000 gold ounces. The initial estimate for the deposit shows 10.5 million tonnes of indicated resources averaging 0.87 grams of gold per tonne for 291,000 ounces and 2.9 million tonnes of inferred resources averaging 0.91 grams of gold for 85,000 ounces. "The initial resource estimate reported for the Gossey deposit confirms the prospectivity of the Gossey- Korizena trend to host significant gold mineralization,” says Craig MacDougall, senior vice president for exploration. “We believe there is favorable potential for additional discoveries within our extensive exploration concessions surrounding the Essakane operation.”
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