Iamgold Corporation has announced updated results of a drilling program at Gosselin, a mineralization zone adjacent to its primary Côté gold project.
The company develops the large-scale, long life Côté gold mine in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to be among the largest gold mines in Canada.
The new drilling program at Gosselin zone revealed significant mineralisation extensions that could enhance the project's overall value. Significant intersections have been reported, including 368.8 m at 0.96 g/t gold; 235 m at 2.70 g/t gold; and 357 m at 1.10 g/t gold.
In the third quarter of 2024, Iamgold produced 68 000 oz of gold at Côté. The processing plant ramp-up remains on schedule, with the aim being to achieve 90% of its design throughput rate of 36 000 t/d by year-end. Ore mining for the quarter totalled 10.4-million tons.
The Gosselin mineral resource published in February estimates 4.4 million indicated gold ounces in 161.3 million tons at a grade of 0.85 grams per ton, and 3 million inferred ounces.
"Our goal remains clear. We are focused on ramping up Côté to achieve 90% of throughput exiting this year towards nameplate in 2025. We believe that Côté is just the start of what will be a mining district. The exploration results today from Gosselin continue to demonstrate the potential for the Côté and Gosselin zones to connect, in addition to highlighting that the overall size and scope of these zones have yet to be defined - as both Côté and Gosselin remain open at depth in all directions," said Renaud Adams, Iamgold’s president and CEO.
Theodor Lisovoy, Managing Editor, Rough&Polished
