IAMGOLD announces initial 5.1 Moz gold resource estimate for Gosselin

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(Kitco News) - IAMGOLD (TSX: IMG) (NYSE:IAG) today announced an initial mineral resource estimate for the Gosselin zonediscovery, centered approximately 1.5 kilometres northeast of the C??t?(C) Goldconstruction project, located in Ontario, Canada.

According to the company'sstatement, the mineral resource estimate for the Gosselin deposit comprises 124.5million tonnes of indicated resources averaging 0.84 grams of gold per tonnefor 3.35 million ounces of gold; and 72.9 million tonnes of inferred resourcesaveraging 0.73 grams of gold per tonne for 1.71 million ounces of gold.

Craig MacDougall, ExecutiveVice President, Growth for IAMGOLD, added, "We believe that the Gosselindeposit will continue to enhance the long term value and district-scalepotential of the C??t?(C) Gold project. The Gosselin deposit remains open alongstrike to the northeast and has only been drilled to approximately half the depthof the C??t?(C) Gold deposit itself, so there remains significant potential tofurther expand total resources."

IAMGOLD is a mid-tier goldmining company operating in three regions globally: North America, SouthAmerica and West Africa. The company's operating mines include Essakane inBurkina Faso, Rosebel (including Saramacca) in Suriname and Westwood in Canada.

In addition, the company ownsthe C??t?(C) Gold construction project in Canada, the Boto Gold development projectin Senegal, as well as greenfield and brownfield exploration projects invarious countries located in the Americas and West Africa.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.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.

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