Make Kitco Your Homepage

Iamgold Reports Discoveries From Monster Lake Drill Program

Kitco News

(Kitco News) - Iamgold Corp. (TSX: IMG; NYSE: IAG) discovered ”local high-grade intervals carrying visible gold” during a winter drilling program completed at the Monster Lake joint venture, the company reported Tuesday.

The project, half owned by Iamgold and half by TomaGold Corp., is located 50 kilometers southwest of Chibougamau in Quebec. Iamgold reported assay results from 16 drill holes totaling 5,270 meters.

Highlights in the Annie Shear Zone system include 0.8 meters grading 357 grams per tonne gold; 6.8 meters grading 3.85 g/t gold, including one section with 1.67 meters at 6.43 gold; and 0.5 meter grading 133.0 g/t gold. At the Big Mama Shear Zone area, results included 13 meters grading 2.27 g/t Au gold, including 1.39 meters at 6.45 and 1.47 meters at 7.65.

Officials said all of the areas targeted in this program were best accessed during the winter when the ground is frozen.

“This drilling program has yielded positive results from the Big Mama and Annie areas, which included the intersection of some local high-grade intervals carrying visible gold,” said Craig MacDougall, senior vice president for exploration for Iamgold. “These positive results continue to demonstrate the potential for the discovery of additional mineralized shoots along the Monster Lake structural corridor.”

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.