IAMGOLD Reports Inferred Rare Earth Resources of 467 Million Tons

IAMGOLD Corporation (TSX:IMG,NYSE:IAG) announced an inferred resource estimate from its rare earth zone in Quebec.

As quoted in the press release:

The REE zone contains total Inferred Resources of 466.8 Million Tonnes at a grade of 1.65% Total Rare Earth Oxides (“TREO”), including 0.031% Heavy Rare Earth Oxides (“HREO”), to a depth of approximately 375 metres (the surface lies at a reference elevation of 10,000m).

IAMGOLD’s President and CEO, Steve Letwin said:

While the scoping study will define the exact significance to the REE market, this deposit has the potential to place IAMGOLD among a select group of global REE suppliers to a market where applications for these metals are constantly evolving and expanding.

Click here for the IAMGOLD Corporation (TSX:IMG) press release.