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IAMGOLD Announces Initial Resource Estimate at Gosselin Zone - Growing Côte Gold District by 3.4 Million Gold Ounces in Indicated Resources and 1.7 Million Gold Ounces in Inferred Resources
HIGHLIGHTS: Gosselin deposit initial mineral resource estimate comprises: 124.5 millio...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Announces Initial Resource Estimate at Gosselin Zone - Growing Côte Gold District by 3.4 Million Gold Ounces in Indicated Resources and 1.7 Million Gold Ounces in Inferred ResourcesHIGHLIGHTS:Gosselin deposit initial mineral resource estimate comprises:124.5 million tonnes of indicated resources averaging 0.84 grams of gold per tonne for 3.35 million ounces of gold72.9 million tonnes of inferred resources averaging 0.73 grams of gold per tonne for 1.71 million ounces of goldAddition of Gosselin deposit mineral resources represents a 33% increase in total contained gold in measured and indicated resource categories and 45% increase in total contained gold in inferred resource category for the Côté Gold projectDeposit only drilled to approximately half the depth of Côté Gold deposit itself; remains open at depth and along strikePotential for significant future resource expansionToronto, Ontario--(Newsfile Corp. - October 18, 2021) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") is pleased to announce an initial mineral resource estimate for the Gosselin zone discovery, centered approximately 1.5 kilometres northeast of the Côté Gold construction project (\"Côté Gold\"). The estimate was completed in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") Definition Standards incorporated by reference in National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). The Gosselin delineation drilling program was undertaken as part of the Côté Gold 70:30 joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd. (\"SMM\"). Côté Gold, located 175 km north of Sudbury, Ontario, Canada and 125 km southwest of Timmins, Ontario, Canada, is currently under construction with commercial production anticipated in the second half of 2023 (see news releases dated July 21, 2020 and August 4, 2021).The mineral resource estimate for the Gosselin deposit (on a 100% basis using a US$1,500 per ounce gold price) 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. Current report...