The Conversation (0)
IAMGOLD Consolidating an Emerging New Gold District Anchored by Rosebel
Jan. 25, 2018 08:57AM PST
Gold InvestingIAMGOLD (“IAMGOLD” or the “Company”) has signed an agreement with the Government of Suriname whereby it has been granted the exploration rights to the Brokolonko property. The property is located approximately 30 kilometres from the Rosebel mill in Suriname and just northwest of the previously acquired Saramacca property and the Sarafina property optioned to IAMGOLD. Unlike Saramacca …
IAMGOLD (“IAMGOLD” or the “Company”) has signed an agreement with the Government of Suriname whereby it has been granted the exploration rights to the Brokolonko property. The property is located approximately 30 kilometres from the Rosebel mill in Suriname and just northwest of the previously acquired Saramacca property and the Sarafina property optioned to IAMGOLD. Unlike Saramacca and Sarafina, IAMGOLD has not acquired Brokolonko from a third party, but has instead secured the rights to exploration directly from the Government of Suriname.
Steve Letwin, IAMGOLD’s President and CEO, said:
“Securing the exploration rights to Brokolonko cements another step in our strategy to consolidate prospective land packages within the vicinity of the Rosebel Mine. It was just last September that we announced an initial resource estimate for Saramacca a year following its acquisition, and are now working towards an initial production start in 2019.
Brokolonko, which we believe is located on the same mineralization trend as Saramacca, could yield another source of higher grade, softer rock that would further extend the life of Rosebel and further improve its cost profile.”