Iamgold Reports High-Grade Intersections At Saramacca
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Iamgold Corp. (TSX: IMG; NYSE: IAG)is upbeat about the second phase of its 2017 drilling program at the Saramaccaproject near the Rosebel Gold Mine in Suriname, reporting some high-gradeintersections. After an initial resource estimate last year, the companycompleted an additional 97 diamond drill holes totaling 24,282 meters. Onehighlight of an infill program was 46 meters grading 11.73 grams per tonne of gold.Among expansion drill holes, highlights included 15 meters grading 22.90 g/tgold and 10.5 meters grading 22.48 g/t gold. “We are currently incorporatingthese results in an updated resource model, which when coupled with the ongoingengineering studies, is expected to allow us to upgrade the project to areserve status in 2018,” says Craig MacDougall, senior vice president forexploration. “As we have previously stated, we are continuing to advancetowards production in 2019.” The 2018 exploration program will include some50,000 meters of drilling, the company adds.
By Allen Sykoraof Kitco News; asykora@kitco.com
Steven Thomas Named Next CFO Of Torex Gold
Wednesday February 28, 2018 08:22
Steven Thomas will become chief financial officer of Torex GoldResources Inc. (TSX: TXG)on April 2, the company announces. “He brings excellent operational judgment,acquired from many years of working closely with mine sites,” says FredStanford, president and chief executive officer. Thomas has over 30 years ofinternational corporate experience, particularly in other mining companies,Torex says. He comes to Torex from Goldcorp Inc., where he held the role of CFOfor Canadian operations. Previously, he was CFO of De Beers Canada Inc. for 10years.
By Allen SykoraFor Kitco News
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