Iamgold: 'Positive Results' From Drilling At Rouyn Project
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Iamgold Corp. (TSX: IMG; NYSE: IAG) is upbeat about the additional drilling results from its 2019 winter program at the Rouyn gold project that is optioned from Yorbeau Resources Inc. in Quebec, approximately 45 kilometers southwest of Iamgold’s Westwood operation. The company reported assay results from an additional 21 diamond drill holes totaling 6,181 meters after previously reporting for 10 holes totaling 2,257 meters. The new results included one hole of 10.9 meters grading 6.6 grams per tonne of gold, another with 29.7 meters grading 9 g/t, another of 12.8 meters grading 3.7 g/t, and yet another with 3.3 meters grading 9 g/t. “The 2019 delineation drilling program continues to deliver positive results from the Lac Gamble zone,” said Craig MacDougall, senior vice president for exploration. “As mentioned before, our involvement in the newly optioned Rouyn gold project was based on the potential to rapidly delineate mineral resources along the targeted Cadillac Break, which could be evaluated as potential satellite deposits for our Westwood operation. Once the remaining assay results are in hand, the exploration team will work to develop a preliminary deposit model to support a future initial resource estimate.”
By Allen Sykora of Kitco News; firstname.lastname@example.org
Seabridge Gearing Up For Testing At Snowstorm
Wednesday June 12, 2019 09:02
Seabridge Gold (TSX: SEA; NYSE:SA) is in the final stages of determining targets for the first drill program on the Snowstorm project that the company bought in northern Nevada two years ago, officials said. Drilling is expected to begin before the end of the third quarter. The estimated 7,000-meter program will test for evidence of a Turquoise Ridge/Twin Creeks type of high-grade gold system in what officials said appears to be a continuation of the Getchell Trend, on which these successful deposits are found. Twin Creeks and Turquoise Ridge are located six and 15 kilometers southwest of Snowstorm, with Turquoise Ridge reporting remaining reserves of 9.1 million ounces grading 13 grams per tonne of gold and Twin Creeks 3.2 million ounces grading 1.9 g/t. “This type of system has been our top priority for exploration since acquiring Snowstorm in 2017,” said Rudi Fronk, chairman and chief executive officer. “Significant work remains to be done but we have made good progress in identifying the stratigraphic and structural hosts of a Getchell-style deposit at Snowstorm. Although this type of deposit has abundant gold, the occurrences are discreet and limited in size, making them challenging to drill. However, all the data suggests we are in the right neighborhood to make a discovery and the world-class nature of the target really excites us.”