Iamgold: Assay Results Show Mineralization At Nelligan Project
IamgoldCorp. (TSX: IMG; NYSE: IAG)announces that the firstassay results from its ongoing 2018 drilling program at the Nelligan jointventure project, in which Iamgold owns 51% and Vanstar Mining Resources Inc.49%, showed more mineralization. The project is located 60 kilometers southwestof Chibougamau, Quebec, Canada. Iamgold reports results from 12 diamond holestotaling 4,471 meters, with results pending from the remaining 20 drill holestotaling 8,889 meters. For the Liam zone, the company lists findings of 7.6meters grading 2.39 grams per tonne of gold and 39.9 meters trading 1.38 g/t,including 1.5 meters grading 8.91 g/t. The company reports a number of findingsfor the Renard zone, including one that was 1.81 g/t over 56.6 meters. “The2018 exploration drilling program continues to delineate wide zones ofalteration and mineralization, allowing us to advance a preliminary depositmodel and evaluate the resource potential of this large hydrothermal system,”says Craig MacDougall, senior vice president for exploration at Iamgold. “Theresults are encouraging and we are optimistic that we can advance this projectto an initial resource estimate in the future.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Premier Expands High-Grade Zone AtMercedes
Tuesday September 11, 2018 09:10
Premier Gold Mines Ltd. (TSX: PG)says ongoing drilling results have expanded the high-grade zone at the Rey deOro deposit at the Mercedes Mine in Mexico. The mine is located 150 kilometersnorth-northeast of the city of Hermosillo in the state of Sonora. Recenthighlights include 12.64 grams per tonne of gold and 240.1 g/t silver across29.65 meters, 0.41 g/t gold and 3,120 g/t silver across 1.52 meters, 17 g/tgold and 321 g/t silver across 1.1 meters, and 4.47 g/t gold and 138.5 g/tsilver across 8.25 meters. “As we continue to advance an aggressive multi-yearexploration program at Mercedes, the Rey de Oro target confirms our belief thatsubstantial potential exists to expand the mine life” says Charlie Ronkos,executive vice president of Premier. “This new mineralized zone is underdevelopment and we plan to begin mining (prior to year-end) where we areachieving substantial widths. Mined grades at Rey de Oro are expected to bewell above our current mine site reserve grade.”
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.