Iamgold: Drilling At Diakha Deposit Reveals High Grades
Iamgold Corp. (TSX: IMG; NYSE: IAG) is upbeat about results from a 2018 drilling program at theDiakha deposit on the Siribaya project in western Mali. Officials report assayresults for 100 drill holes totaling 14,634 meters. Among the highlights arefive infill drill holes with gold grading anywhere from 1.61 grams per tonne to10.15, as well as three expansion holes ranging from 1.39 to 12.46 g/t."We continue to be very pleased with the results of our delineationdrilling programs, which confirm not only wide zones of mineralization and locallyhigh grades from infill holes within the existing resource, but also wellmineralized intervals beyond the original resource limits,” says CraigMacDougall, senior vice president for exploration. “The deposit now extends fornearly three kilometers along strike, which we believe will positively impactan updated resource estimate due for completion by year end.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Newmont: Suriname Mine Pours 1 Millionth Ounce Of Gold
Thursday October 18, 2018 09:23
Newmont Suriname has hit 1 million ounces of gold poured at theMerian gold mine in eastern Suriname two years after commercial productionbegan in October 2016, reports Newmont Mining Corp. (NYSE: NEM). Merian employsapproximately 2,000 people. “Our partnerships with the government, Staatsolieand local Pamaka communities form the foundation of the mine’s success and welook forward to many more years of safe, efficient and responsible goldproduction in Suriname,” says Albert Ramdin, Newmont’s senior director forexternal relations in Suriname. The second phase of the Merian project wascompleted on time and within budget this year, with the construction of aprimary crusher to process harder ores that will be recovered as the mine getsdeeper. Based on current gold reserves, Newmont Suriname projects a mine lifeof approximately 15 years for Merian.
By Allen Sykoraof Kitco News; asykora@kitco.com
Alio Gold Reports Increased Estimate Of Gold For Nevada Mine
Thursday October 18, 2018 09:23
Alio Gold Inc. (TSX, NYSEAmerican: ALO) announcesan updated mineral resource estimate for its Florida Canyon Mine inNevada showing more of the precious metal than previously thought. The estimateincludes 132.9 million tonnes at 0.40 grams per tonne of gold. The companyreports 1.7 million ounces of contained gold, an increase of 52% compared withthe preliminary economic assessment. “The updated mineralresource estimate for Florida Canyon formalizes the view that we held onacquisition of the mine earlier this year and is an important first step incompleting our life-of-mine plan,” said Greg McCunn, chief executiveofficer. “We are on track to deliver the plan by the end of this year andanticipate the report will further highlight the value of Florida Canyon.”
By Allen SykoraFor Kitco News
Follow @AllenSykora
asykora@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. |