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IAMGOLD announces initial 5.1 Moz gold resource estimate for Gosselin

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(Kitco News) - IAMGOLD (TSX: IMG) (NYSE: IAG) today announced an initial mineral resource estimate for the Gosselin zone discovery, centered approximately 1.5 kilometres northeast of the Côté Gold construction project, located in Ontario, Canada.

According to the company’s statement, the mineral resource estimate for the Gosselin deposit comprises 124.5 million tonnes of indicated resources averaging 0.84 grams of gold per tonne for 3.35 million ounces of gold; and 72.9 million tonnes of inferred resources averaging 0.73 grams of gold per tonne for 1.71 million ounces of gold.

Craig MacDougall, Executive Vice President, Growth for IAMGOLD, added, "We believe that the Gosselin deposit will continue to enhance the long term value and district-scale potential of the Côté Gold project. The Gosselin deposit remains open along strike to the northeast and has only been drilled to approximately half the depth of the Côté Gold deposit itself, so there remains significant potential to further expand total resources."

IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. The company's operating mines include Essakane in Burkina Faso, Rosebel (including Saramacca) in Suriname and Westwood in Canada.

In addition, the company owns the Côté Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.

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