Iamgold unveils maiden resource estimate for Monster Lake
VANCOUVER (miningweekly.com) – Midtier gold producer Iamgold has reported a maiden resource estimate on the Monster Lake joint-venture property located 50 km southwest of Chibougamau, in Quebec.
The resource estimate comprises 1.11-million tonnes of inferred resources averaging 12.14 g/t gold for 433 300 oz of contained yellow metal.
According to Iamgold, which holds a 50% stake in the project, and is the operator, the mineralisation is held in four separate mineralised zones where geological and grade continuities have been demonstrated and has been estimated assuming an underground mining scenario.
The mineral resource estimate was based on assay results from 105 diamond drill holes variably spaced from 50 m to 200 m apart and totaling nearly 39 000 m. The drill hole data base comprises both historic and recent drill holes completed by the JV partners.
The most significant zone is the 325-Megane Zone, which is characterised by its high grade and remains open down plunge at depth. Iamgold believes there are more resources to be found along the identified shear structures and this will remain the focus of ongoing exploration programmes, the company advised.
Iamgold expects to drill about 7 500 m at Monster Lake this year, with the main objectives being definition drilling targeting the upper part of the 325-Megane Zone; testing for extensions along strike and at depth; and evaluation of newly discovered areas of mineralisation next to the 325-Megane zone along the Monster Lake structural corridor and in the Lower Shear zone.
The Monster Lake JV is also owned 45% by TomaGold and 5% by Quinto Resources.
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