IAMGOLD CORPORATION GC drilling to-date is focused on near-surface oxide mineralization within the starter pits located in the northern portion of the mining lease. These starter pits will be the source of higher-grade oxide mill feed for the first year of production and are denoted as A1, A2, A3, H1, H2, and H3. GC results for Pit A2 are now available and similar to Pit A1, are very encouraging.
Results have returned several significant thicker high-grade intervals where localized zones of higher grades were intersected in several holes which collared or ended in mineralization. Some of these zones reported remain open in several areas
Drilling was completed on a 12.5 m by 12.5 m pattern over the A2 starter pit to bench elevation 255 m. The GC program has confirmed the widths of the high-grade gold ore zones, generally 15 m to 30 m wide and in some places, up to 60 m wide within the A2 starter pit. The majority of cross-sections have returned significant zones of thick high-grade oxide gold results with several collaring and/or ending in mineralization. The oxide starter pit at A2 is expected to have an average depth of 30 m to 35 m along the main mineralized zone.
These results provide further confidence in both the widths and tenors of mineralization present at A2 prior to the commencement of scheduled mining and processing.
Drilling on-site continues with the RC drill rig now operating at the H1 and H2 open pit areas. Upon completion, the rig will return to expand the GC program from A2 towards the A3 pit to the northeast and towards the A1 pit to the southwest.
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The 2019 feasibility study highlights Bombore as an attractive shovel-ready gold project with forecasted annual gold production of 118,000 ounces over a 13+ year mine life at an All-In Sustaining Cost of
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Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute 'forward-looking information' within the meaning of applicable
All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by the COVID-19 pandemic, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management discussion and analysis filed on SEDAR on www.sedar.com.
Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.
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