Iamgold (TSX: IMG; NYSE: IAG) has released the results from this year’s infill drilling program at the Diakha deposit at its wholly owned Diakha-Siribaya gold project in western Mali. The project covers a total area of 596.5 sqkm along the borders with Senegal and Guinea.
Iamgold has completed drill holes totalling 19,952 metres of diamond drilling and reverse circulation (RC) drilling this year. Highlights from diamond drilling include:
The two best RC holes returned the following:
The Diakha deposit is the largest discovered so far on the property. Using a gold price of $1,500 per oz., it contains 15.9 million indicated tonnes grading 1.2 g/t gold for 615,300 oz. and 18.2 million inferred tonnes grading 1.62 g/t fold for 947,500 oz. of gold.
(This article first appeared in the Canadian Mining Journal)