Toronto, Ontario–(Newsfile Corp. – November 8, 2018) – IAMGOLD Corporation (TSX: IMG) (“IAMGOLD” or the “Company”) today provided an amend from its advancing 2018 analysis conduct affairs forth the Saramacca – Brokolonko trend, amid 25 kilometres southwest of its Rosebel Gold Abundance (“RGM”) in Suriname.
With the acknowledgment of mineral affluence at the Saramacca drop (see account absolution anachronous September 23, 2018) the Aggregation has been administering analysis conduct in called ambition areas forth the Saramacca – Brokolonko trend with the cold to ascertain added zones of mineralization. The Aggregation is advertisement after-effects from 27 assignment holes, accretion 4,643 metres, completed in 2018 to the northwest forth bang of the Saramacca deposit, and after-effects from accordant appraisal conduct and apparent trenching agitated out amid 2014 and 2016 on the adjoining Sarafina-Moeroekreek concession. Appraisal assignment holes and trenches appear herein abide of 16 holes, accretion 2,415 metres, and four trenches with a absolute breadth of 206 metres. After-effects from a added 45 assignment holes, accretion 7,069 metres, completed in 2018 to analysis analysis targets on the Brokolonko acknowledgment are additionally disclosed.
Assay intersections apropos to this absolution are provided in Tables 1, 2 and 3.
Mineralization apery a abeyant new breadth has been intersected by advanced spaced conduct about 400 metres northwest forth bang of the Saramacca drop extending for at atomic 1,200 metres of bang breadth to the northwest assimilate the adjoining Sarafina – Moeroekreek concession.
Highlights from the 2018 analysis affairs on Saramacca include:
Highlights from the 2014- 2016 affairs on Sarafina – Moeroekreek include:
Drilling has accepted the attendance of mineralization in the bed bedrock associated with an aerially extensive, celebrated auger geochemical aberration and the armpit of boundless small-scale mining. Highlights include:
(Figures 1 and 2 appearance assignment aperture plan maps for the Saramacca and Brokolonko concessions)
Craig MacDougall, Senior Vice President, Analysis for IAMGOLD, stated, “While still aboriginal days, our advancing analysis efforts targeting new areas forth the Saramacca – Brokolonko trend are already carrying auspicious after-effects and affirm the bounded abeyant for added discoveries. These antecedent after-effects advance the attendance of a abeyant new breadth of mineralization forth bang of the Saramacca deposit, and accept additionally yielded the aboriginal break of gold abode structures on the awful -to-be Brokolonko concession.”
Added Steve Letwin, IAMGOLD’s President and CEO, “I can’t activate to say how aflame I am with the abiding advance that’s actuality fabricated appear accretion assets at Saramacca. The assiduity of absolute after-effects on the property, and now for the aboriginal time at Brokolonko, added validate our action to transform Rosebel.”
2018 Analysis and Development Program
Exploration activities at the Saramacca Project culminated with the acknowledgment of affluence in the third division 2018. As at September 23, 2018, Saramacca hosted estimated mineral reserves, on a 100% basis, absolute accurate and apparent affluence of 26.5 actor tonnes, allocation 1.8 g/t Au for 1.54 actor ounces of absolute gold. Additionally on a 100% basis, adumbrated assets (inclusive of reserves) were estimated at 27.9 actor tonnes, allocation 2.0 g/t Au for 1.76 actor ounces of gold, and accepted resources, on a 100% basis, of 11.8 actor tonnes, allocation 0.7 g/t Au for 273,000 ounces of gold. (see account absolution anachronous September 23, 2018).
An Ecology and Social Impact Study (“ESIA”) to abutment allowing has been submitted to Surinamese ecology regulators, and advancing abstruse studies at assorted levels of advancement, alignment from pre-feasibility to abundant engineering continue. Construction has been accomplished for assorted elements of the Project. Firm orders accept been placed for the accretion of the abundance absorption fleet, and the booty alley amid the Saramacca drop and RGM is currently in the final phases of abundant engineering. On-going access studies including pit abruptness dewatering, abruptness architecture improvements and metallurgical testing to added optimize recoveries will abide in the fourth division 2018. The Saramacca Project is on track, with mining accepted to arise in the added bisected of 2019.
Exploration conduct will abide to appraise the adeptness abeyant of the new breadth amid northwest forth bang of the Saramacca deposit, as able-bodied as to appraise the underground abeyant of high-grade mineralization ahead intersected beneath the accepted Saramacca adeptness pit shell. Regionally, analysis activities are continuing to analyze the awful -to-be Saramacca – Brokolonko trend for added zones of mineralization and to appraise the adeptness abeyant of new discoveries as merited.
About the Saramacca – Brokolonko Projects
The Saramacca – Brokolonko concessions are strategically amid about 25 to 30 kilometres southwest of the RGM milling facility, which, calm with the Sarafina – Moeroekreek concession, awning about 24 kilometres of the bounded northwest trending Saramacca microburst breadth which hosts the Saramacca drop and is believed to be an important anamorphosis breadth for the localization of gold mineralization.
The concessions abatement aural the “UJV” breadth as authentic in an Agreement with the Government of Suriname appear on April 15, 2013. The Agreement commits the parties to establishing a collective adventure advance agent beneath which RGM would authority a 70% accommodating absorption and the Government will access a 30% accommodating absorption on a fully-paid basis.
Qualified Persons and Abstruse Information
The conduct after-effects absolute in this account absolution accept been able in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
The “Qualified Person” amenable for the administration of the preparation, analysis and analysis of the abstruse advice in this absolution is Caroline Laplante, P. Geo., Country Analysis Manager of the bounded analysis aggregation at the Rosebel Gold Abundance in Suriname. She is advised a “Qualified Person” for the purposes of National Instrument 43-101 with account to the abstruse advice actuality appear on. The abstruse advice has been included herein with the accord and above-mentioned analysis of the aloft acclaimed Qualified Person.
The advice in this account absolution was advised and accustomed by Craig MacDougall, P.Geo., Senior Vice President, Analysis for IAMGOLD. Mr. MacDougall is a Qualified Person as authentic by National Instrument 43-101.
The sampling of, and appraisal abstracts from, assignment amount and apparent grab and arroyo dent samples are monitored through the accomplishing of a affection affirmation – affection ascendancy (QA-QC) affairs advised to chase industry best practice. Assignment amount (HQ and NQ size) samples are called by the IAMGOLD geologists and sawn in bisected with a design saw at the Rosebel abundance site. Bisected of the amount is retained at the armpit for advertence purposes. Sample intervals may alter from bisected a accent to three meters depending on the geological observations with the majority of samples actuality one and a bisected metres in length.
RC samples (5 5/8” bit) are calm application a cone splitter, abounding at the rig with dent samples taken from the absolute for geological description and approaching reference.
Samples are transported in closed accoutrements to FILAB in Paramaribo, Suriname, an absolute bartering adumbrative lab of ALS with an ISO 9001 (2015) certification. Samples are advised and abject ashamed to <2.5 mm, and 350-450 grams is burst to 85% casual <100 μm. Samples are analyzed for gold application accepted blaze appraisal abode with a 50 gram (or 30 gram for 2014-2016 recon assignment in Moeroekreek) allegation and an Atomic Absorption (AA) finish, and back appearance II 2017 a gravimetric accomplishment back brand exceeds 5 ppm. IAMGOLD inserts blanks and certified advertence accepted for affection control. All after-effects declared in this advertisement accept anesthetized IAMGOLD affection affirmation and affection ascendancy protocols.
Forward Looking Statement
This account absolution contains advanced statements. All statements, added than of absolute fact, that abode activities, contest or developments that the Aggregation believes, expects or anticipates will or may action in the approaching (including, after limitation, statements apropos expected, estimated or planned gold production, banknote costs, allowance expansion, basic expenditures and analysis expenditures and statements apropos the admiration of mineral resources, analysis results, abeyant mineralization, abeyant mineral assets and mineral reserves) are advanced statements. Advanced statements are about identifiable by use of the words “will”, “should”, “continue”, “expect”, “estimate”, “believe”, “plan” or “project” or the abrogating of these words or added variations on these words or commensurable terminology. Advanced statements are accountable to a cardinal of risks and uncertainties, abounding of which are above the Company’s adeptness to ascendancy or predict, that may account the absolute after-effects of the Aggregation to alter materially from those discussed in the advanced statements. Factors that could account absolute after-effects or contest to alter materially from accepted expectations include, amid added things, after limitation, abortion to accommodated expected, estimated or planned gold production, banknote costs, allowance expansion, basic expenditures and analysis expenditures and abortion to authorize estimated mineral resources, the achievability that approaching analysis after-effects will not be constant with the Company’s expectations, changes in apple gold markets and added risks appear in IAMGOLD’s best contempo Form 40-F/Annual Advice Form on book with the United States Balance and Exchange Commission and Canadian bigoted balance authoritative authorities. Any advanced account speaks alone as of the date on which it is fabricated and, except as may be appropriate by applicative balance laws, the Aggregation disclaims any absorbed or obligation to amend any advanced statement.
IAMGOLD (www.iamgold.com) is a mid-tier mining aggregation with four operating gold mines on three continents. A solid abject of cardinal assets in North and South America and West Africa is complemented by development and analysis projects and connected appraisal of accretive accretion opportunities. IAMGOLD is in a able banking position with all-encompassing administration and operational expertise.
For added advice amuse contact:
Ken Chernin, VP Investor Relations, IAMGOLD CorporationTel: (416) 360-4743 Mobile: (416) 388-6883
Laura Young, Director, Investor Relations, IAMGOLD CorporationTel: (416) 933-4952 Mobile: (416) 670-3815
Martin Dumont, Senior Analyst Investor Relations, IAMGOLD CorporationTel: (416) 933-5783 Mobile: (647) 967-9942
Toll-free: 1-888-464-9999 [email protected]
This absolute account absolution may be accessed via fax, e-mail, IAMGOLD’s website at www.iamgold.com and through Newsfile’s website at www.newsfilecorp.com. All absolute advice on IAMGOLD can be begin at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la adaptation française de ce communiqué, veuillez consulter le http://www.iamgold.com/French/accueil/default.aspx.
Table 1: Design Assignment Aperture Appraisal After-effects from the 2018 Saramacca Analysis Conduct Program
Table 2: Design and Reverse Circulation Assignment Aperture and Apparent Analysis Arroyo Appraisal After-effects from the 2014- 2016 Analysis Affairs on Sarafina – Moeroekreek Concession.
Table 3: Design and Reverse Circulation Assignment Aperture Appraisal After-effects from the 2018 Brokolonko Conduct Program.
Figure 1: Saramacca Northwest Extension Assignment Aperture Plan with Cogent Intersects
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Figure 2: Brokolonko Assignment Aperture Plan with Cogent Intersects from Year 2018 Conduct Program
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