IAMGOLD Reports Assays from Winter Drilling at Monster Lake

IAMGOLD Corp. (TSX:IMG,NYSE:IAG) announced assay results from the recently completed 2015 winter diamond drill program at its Monster Lake project in Quebec.

Highlights include:

325 – Megane Zone and Monster Lake Shear Zone:

• Drillhole ML15-134: 1.46 metres grading 18.80 g/t gold
• Drillhole ML15-135: 1.39 metres grading 7.25 g/t gold
• Drillhole ML15-147: 3.41 metres grading 4.51 g/t gold and 10.72 metres grading 3.64 g/t gold
  • Includes: 2.08 metres grading 9.04 g/t gold
• Drillhole ML15-152: 2.09 metres grading 4.13 g/t gold and 5.72 metres grading 4.21 g/t gold

The press release states:

The 2015 winter drilling program was designed to evaluate priority targets identified from a target generation exercise completed over the entire property and take advantage of winter access conditions.  Target areas evaluated included: the west limb of the prominent folded unit along which new gold showings were identified in 2014; the south-west and north-east strike extensions of the 325-Megane Zone and the structural corridor referred to as the Monster Lake Shear Zone (“MLSZ”); as well as the Zone 52 and Eratix prospect areas. A few of the holes were drilled to better delineate the 325-Megane Zone.

Concurrent with the 2015 winter drilling program, a Versatile Time Domain Electromagnetic airborne survey (“VTEM”) was also flown over the Lac a L’Eau Jaune and Winchester claim blocks. The survey has identified several strong conductors coincident with the well-known, prominent magnetic anomalies similar to that observed along the MLSZ.  These targets will be evaluated in the ongoing exploration program.

Craig MacDougall, senior vice president, exploration at IAMGOLD, commented:

This drilling program aimed to assess a number of target areas defined through compilation work and modelling completed by the exploration team. The program has significantly added to our geologic understanding of the area and successfully intersected gold mineralization associated with the MLSZ to the north-east of the 325 – Megane zone. These results combined with ongoing surveys will help us to focus on the best sectors of the Monster Lake Shear Zone and satellite structures.

Click here to read the full IAMGOLD Corp. (TSX:IMG,NYSE:IAG) press release.