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Iamgold: Gosselin Zone Drill Results Encouraging

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(Kitco News) - Iamgold Corp. (TSX: IMG; NYSE: IAG) said Tuesday that the company was “encouraged” by the drill results at its Gosselin Zone discovery.

The Gosselin exploration program is part of a 70-30 Côté gold joint-venture project between Iamgold and Sumitomo Metal Mining Co. Ltd., located 125 kilometers southwest of Timmins and 175 kilometers north of Sudbury in Ontario. Iamgold reported 14 drill holes were completed, totaling 4,848 meters.

The company issued an announcement outlining the findings of five drill holes. They came in at 342.5 meters grading 0.98 grams per tonne, 134 meters at 1.10 g/t, 248.3 meters grading 1.33 g/t, 412 meters at 1.28 g/t, and 245 meters grading 0.85 g/t.

“The results from the 2019 exploration program continue to confirm the potential of the new Gosselin discovery,” said Craig MacDougall, senior vice president of exploration for Iamgold. “We are particularly encouraged by the continued intersection of wide intervals of intrusion-hosted mineralization, now confirmed to extend to near surface as well as along strike to the southwest towards the Young-Shannon zone.

‘These results will be used to help design future drilling campaigns aimed at further evaluating the resource potential of this new discovery.”

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