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IAMGOLD Provides Further Diamond Drilling Results on the Boto Project
Sep. 16, 2016 08:34AM PST
Gold Investing
IAMGOLD (TSX:IMG) has announced additional drilling results from its 100 percent owned Boto Gold Project in West Africa, reporting assay results from the 23 diamond drill holes at the Malikoundi deposit totaling 2,217 meters. Craig MacDougall, senior vice president for IAMGOLD said: The drilling program has successfully delineated near surface, shallow mineralization extending 500 metres …
IAMGOLD (TSX:IMG) has announced additional drilling results from its 100 percent owned Boto Gold Project in West Africa, reporting assay results from the 23 diamond drill holes at the Malikoundi deposit totaling 2,217 meters.
Craig MacDougall, senior vice president for IAMGOLD said:
The drilling program has successfully delineated near surface, shallow mineralization extending 500 metres along strike, north of the Malikoundi deposit; and has confirmed the presence of wide intervals of high grade mineralization located in the footwall to the main deposit which was not fully tested in previous drilling programs. Further drilling is planned at the end of the rainy season to follow up these encouraging results.
As quoted in the press release:
BOTO PROJECT, SENEGAL
The Boto project comprises 236 square kilometres of exploration licenses located in eastern Senegal along the Senegal-Maliborder. 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 g/t gold for 1.56 million ounces and an inferred resource of 2.9 million tonnes averaging 1.3 g/t gold for 125,000 ounces (see news release regarding reserves and resources dated February 17, 2016).