Iamgold to restart drilling at Senegal gold project
Aim-listed Oriole Resources on Monday confirmed that its exploration partner Iamgold would restart exploration at the Dalafin gold project, in Senegal, next month.
The first results from the 2019 drilling programme are expected to be available late in the second quarter or early in the third quarter.
Oriole currently owns 85% of the project, but Iamgold has the option to spend up to $8-million to earn a 70% interest in the project.
This follows after drilling results in the fourth quarter last year delivered an intersection of 8 m at 2.56 g/t gold.
The drilling programme will continue to explore the Madina Bafé and the Saroudia prospects.
Iamgold will start the $1-million year-two earn-in on Dalafin’s Madina prospect with 5 000 m of aircore (AC) drilling to extend the 2018 campaign to the north and 4 000 m of reverse circulation (RC) drilling to follow up on best results from the 2018 drilling programme, while initiating 2 500 m regional AC drilling to explore for stuctures beneath transported laterites, at Saroudia.
Subsequent RC drilling of 1 600 m will follow up on best AC results.
Both these targets are located within 20 km of Iamgold’s 2.49-million-ounce Boto gold project.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation