R/€ = 16.04 Change: 0.20
R/$ = 14.10 Change: 0.24
Au 1245.28 $/oz Change: -3.03
Pt 803.37 $/oz Change: 22.46
 
 
R/€ = 16.04 Change: 0.20
R/$ = 14.10 Change: 0.24
Au 1245.28 $/oz Change: -3.03
Pt 803.37 $/oz Change: 22.46
 
 
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Iamgold to start 3 000 m drilling programme at Senegal project

6th December 2018 BY: Marleny Arnoldi
Creamer Media Online Writer

Iamgold Corporation will start a 3 000 m reverse circulation drilling programme targeting three main zones at the Dalafin gold project, in Senegal, in which Aim-listed Oriole Resources, formerly Stratex International, holds an 85% interest.

Iamgold has the option to spend $8-million in expenditure to earn a 70% interest in the project.

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Previous drilling results reported an average grade of 2.48 g/t gold.

The new drilling programme is planned at 50 m hole spacing and to a downhole depth of 100 m, at a 58˚ declination and a true depth of 85 m.

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Iamgold has also mobilised a second rig and a 500 m diamond drilling campaign will start shortly, to validate the two best intersections previously reported by the company, the results of which included 9.6 m grading 16.08 g/t and 15 m grading 6.10 g/t.

Iamgold expects to complete both drilling programmes before the end of the year. 

EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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