AMN - SENEGAL: Promising drill results from Boto

IAMGOLD Corp reports additional drilling results from its 100%-owned Boto gold project in eastern Senegal. It is reporting assay results from four deep diamond drill holes at the Malikoundi deposit totaling 2341 metres completed to date during the 2016 drilling program.

Highlights include drill hole DBDD-2294 with 84 metres grading 4.12 grams/tonne gold including 22 metres grading 11.25 grams/tonne gold and 69 metres grading 1.56 grams/tonne gold.

IAMGOLD senior vice president, exploration Craig MacDougall says: "The deep drilling program has successfully extended mineralization at depth below the current resource model and, importantly, has confirmed the presence of high grades below the current resource pit shell. These results will help guide further drilling at depth targeting other potentially high grade areas."

The Boto project comprises 236 sqkm of exploration licences located in eastern Senegal along the Senegal-Mali border. The geological setting of the project area is similar to the prolific Sadiola and Loulo gold districts in adjacent Mali, being underlain by highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks along a seven-kilometre strike length of the Senegal-Mali Shear Zone.

The project hosts an indicated resource of 27.7 million tonnes averaging 1.8 grams/tonne gold and an inferred resource of 2.9 million tonnes averaging 1.3 grams/tonne gold.

To date, the company has completed 4148 metres of diamond drilling, including 2341 metres to test for extensions of mineralization at depth below the current resource model as well as the re-entry and deepening of selected drill holes which previously stopped in footwall mineralization. A further 765 metres have been completed for geotechnical purposes to help define potential pit wall slopes. The drilling program will continue until the commencement of the seasonal rains and is expected to resume in the fourth quarter of this year.

http://www.iamgold.com

News courtesy of International Mining