Iamgold Reports High-Grade Findings At Diakha Deposit
IamgoldCorp. (TSX: IMG:NYSE: IAG)reports high-grade drill intersections from its 2017 drilling program on theDiakha deposit of the Siribaya project in Mali. The company reported on 105drill holes totaling 19,520 meters. Highlights of infill drill holes included 26 meters grading 6.79 grams per tonne of gold,including 8 meters at 20.52; 18.0 meters grading 11.06 g/t, including: 6 metersgrading 32.45; and 13 meters grading 2.81 g/t and 26.0 meters grading 2.62. Thecompany also listed what it considered upbeat findings for expansion drillholes. Craig MacDougall, senior vice president of exploration for Iamgold,says the 2017 program “not only better delineated high-grade structures withinthe known resource, but have also confirmed extensions of the mineralization toboth the north and south along strike beyond the current resource pit shell.These extensions have nearly doubled the strike length of the mineralized footprint and we continue to advance towards our objective of achieving a targetedresource threshold of 2 million ounces."
By Allen Sykoraof Kitco News; asykora@kitco.com
Seabridge: Iron Cap Offers ‘Promising Alternative Development’ AtKSM
Wednesday January 31, 2018 08:56
Seabridge Gold (TSX: SEA; NYSE: SA) says its 2017 drilling program suggests the Iron Cap deposit in BritishColumbia could offer a “promising alternative development” approach for the KSMproject. The company is in the process of incorporating the results into anupdated resource estimate. Meanwhile, Rudi Fronk, chairman and chief executiveofficer, says Seabridge intends to investigate moving Iron Cap sooner into theKSM mine plan, which currently proposes developing Iron Cap after Mitchell,Kerr and Sulphurets. “However, drilling over the past two years is changing ourthinking. In our view, size and grade appear to be set to rise,” he says. “Wenow believe that exploiting Iron Cap earlier has the potential to significantlyimprove KSM’s economics because it could defer significant capital costs andexpedite better grades into the mine sequence. We are planning another programat Iron Cap this year to expand the known zones of mineralization, fill in someof the holes in past drilling and move these newly defined intervals towardsreserve definition.”
By Allen SykoraFor Kitco News
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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.