The Gosselin zone discovery is located immediately adjacent to the northeast of the Côté Gold deposit and is accessible by construction roads on the developing mine property
IAMGOLD reports assay results. (Credit: Steve Bidmead from Pixabay)
IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (“IAMGOLD” or the “Company”) is pleased to announce additional assay results from its ongoing diamond drilling program at the Gosselin zone discovery, located immediately adjacent to the Côté Gold deposit in Ontario, Canada. The Gosselin delineation drilling program is being undertaken as part of the Côté Gold joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd. (“SMM”). Côté Gold is currently under construction and is expected to commence production in early 2024 (refer to Company news releases dated November 8, 2022).
Craig MacDougall, Executive Vice President, Growth for IAMGOLD, stated: “We are very pleased to see that the results from the 2022 drilling program support the anticipated expansion potential at Gosselin, specifically south of and below the interpreted resource boundaries of the deposit model. Future drilling programs at Gosselin will continue to target the extensions of the deposit towards the goal of defining further potential resource expansion and resource classification upgrades. The 2022 drilling campaign required considerable coordination between the exploration and construction teams during a period of extensive construction activities related to the development of the Côté Gold project. I want to congratulate our exploration team, service contractors, local community employees and partners who together continue to drive the success of our exploration efforts.”
IAMGOLD is reporting assay results from an additional twenty-seven (27) diamond drill holes totaling 14,660 metres completed between January 21 and November 13, 2022. The assay results reported are provided in Table 1 below (refer to plan map for drill hole locations outlined in Figure 1).
The 2022 drilling program successfully outlined areas for potential resource expansion both at depth and to the south of the existing Gosselin Mineral Resource boundary. The areas have been tested with a limited number of widely-spaced drill holes and additional closed spaced drilling with a nominal drill hole spacing of 70 m is required to support future resource block model updates. The next phase of diamond drilling has commenced to further test the identified expansion target areas. Ongoing geological and geochemical studies and refinement of the deposit model will continue to guide future delineation drilling programs and support the regional exploration targeting strategy on the large Côté Gold project land package.
Continuing technical studies initiated in 2022 include: a sampling program to advance metallurgical test work to evaluate comminution characteristics and gold recoveries over a range of ore types and grades; mining and infrastructure studies to review configuration options for the potential inclusion of the Gosselin deposit resources into future Côté Gold life-of-mine plans; and the collection of baseline data to support future permitting requirements.
Source: Company Press Release