IAMGOLD Reports Additional High-Grade Intersections from Infill and Expansion Drilling at Saramacca

IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided an update from its ongoing Phase II 2017 drilling program at the Saramacca project, located 25 kilometres southwest of its Rosebel Gold Mine (“RGM”) in Suriname. Following the disclosure of an initial resource estimate (see news release dated September 5th, 2017), the Company commenced a 22,000-metre diamond drilling program with the objective to: 1) convert inferred resources to indicated; 2) target expansions to the existing resource along known mineralized trends and at depth, and 3) begin drill testing identified exploration targets. Assay results reported herein have been received from 37 drill holes totaling 9,553 metres. The program is ongoing and further assay results will be reported once they are received, validated and compiled.
As quoted in the press release:

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The ongoing drilling program continues to deliver positive results, not only increasing our confidence in the existing resources, but extending mineralization below the initial resource pit shell which is expected to have a positive impact on future resource estimates. This, coupled with the ongoing engineering studies, is expected to allow us to upgrade the project to a reserve status in 2018 and to target production for 2019.”

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