IAMGOLD Corporation

Published : July 05th, 2016

IAMGOLD provides update on advanced exploration project diamond drilling results - Boto Project Senegal

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IAMGOLD provides update on advanced exploration project Diamond drilling results - Boto Project Senegal

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TSX: IMG NYSE: IAG

NEWS RELEASE

IAMGOLD PROVIDES UPDATE ON ADVANCED EXPLORATION PROJECT Diamond DRILLING RESULTS - BOTO PROJECT SENEGAL

Toronto, Ontario, July 5, 2016 - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced additional drilling results from its 100% owned Boto Gold Project in eastern Senegal, West Africa. The Company is reporting assay results from four deep Diamond drill holes at the Malikoundi deposit totaling 2,341 metres completed to date during the 2016 drilling program.

The assay results are provided in Table 1 and include the following highlights:

Malikoundi Deposit:

  • Drill hole DBDD-2294: 84 metres grading 4.12 g/t gold

Includes: 22 metres grading 11.25 g/t gold and 69 metres grading 1.56 g/t gold

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated, "The deep drilling program has successfully extended mineralization at depth below the current resource model and, importantly, has confirmed the presence of high grades below the current resource pit shell. These results will help guide further drilling at depth targeting other potentially high grade areas."

BOTO PROJECT, SENEGAL

The Boto project comprises 236 square kilometres of exploration licenses located in eastern Senegal along the Senegal-Mali border. The geological setting of the project area is similar to the prolific Sadiola and Loulo gold districts in adjacent Mali, being underlain by highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks along a seven-kilometre strike length of the Senegal-Mali Shear Zone.

The project hosts an indicated resource of 27.7 million tonnes averaging 1.8 g/t gold for 1.56 million ounces and an inferred resource of 2.9 million tonnes averaging 1.3 g/t gold for 125,000 ounces (see news release regarding reserves and resources dated February 17, 2016).

Next Steps

To date, the Company has completed 4,148 metres of Diamond drilling, including 2,341 metres to test for extensions of mineralization at depth below the current resource model as well as the re-entry and deepening of selected drill holes which previously stopped in footwall mineralization. A further 765 metres have been completed for geotechnical purposes to help define potential pit wall slopes. The drilling program will continue until the commencement of the seasonal rains and is expected to resume in the fourth quarter of this year.

Technical Information and Quality Control Notes

Boto Project, Senegal:

The Boto drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The sampling of, and assay data from, drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practice. Drill core (HQ and NQ size) samples are selected by the

IAMGOLD geologists and sawn in half with a Diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals are generally one metre in length. Samples are prepared at the Veritas Preparation Laboratory in Kedougou, Senegal and analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish at the Veritas Analytical Laboratory in Abidjan, Ivory Coast.

Qualified Persons

The information in this news release was prepared under the supervision of, and reviewed and verified by, Craig MacDougall, P.Geo., Senior Vice President, Exploration for IAMGOLD. Mr. MacDougall is a Qualified Person as defined by National Instrument 43-101.

Forward Looking Statement

This news release contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding expected, estimated or planned gold production, cash costs, margin expansion, capital expenditures and exploration expenditures and statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "continue", "expect", "estimate", "intend", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to meet expected, estimated or planned gold production, cash costs, margin expansion, capital expenditures and exploration expenditures and failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets and other risks disclosed in IAMGOLD's most recent Form

  1. F/Annual Information Form on file with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

    About IAMGOLD

    IAMGOLD (www.iamgold.com) is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities. IAMGOLD is in a strong financial position with extensive management and operational expertise.

    For further information please contact:

    Bob Tait, VP Investor Relations, IAMGOLD Corporation Tel: (416) 360-4743 Mobile: (647) 403-5520

    Laura Young, Director, Investor Relations, IAMGOLD Corporation Tel: (416) 933-4952 Mobile: (416) 670-3815

    Toll-free: 1-888-464-9999 [email protected]

    Please note:

    This entire news release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com and through CNW Group's website at www.newswire.ca. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.

    Si vous désirez obtenir la version française de ce communiqué, veuillez consulter le http://www.iamgold.com/French/accueil/default.aspx.

    Table 1

    Boto Project Deep Hole Drilling Results - Malikoundi Deposit

    Hole#

    UTM (WGS84Zone29N)

    AZ

    DIP

    EOH

    From

    To

    Length

    Grade

    Easting

    Northing

    Elevation

    (degrees)

    (degrees)

    (m)

    (m)

    (m)

    (m)

    (g/t Au)

    DBDD-2294

    241543

    1379410

    165

    115

    -60

    621

    296

    298

    2

    1.32

    454

    538

    84

    4.12

    including

    475

    497

    22

    11.25

    552

    621

    69

    1.56

    including

    577

    579

    2

    6.20

    including

    595

    599

    4

    3.68

    DBDD-2295

    241543

    1379520

    165

    111

    -60

    570

    477

    497

    20

    1.65

    including

    480

    485

    5

    3.81

    507

    521

    14

    0.86

    559

    564

    5

    1.48

    DBDD-2296

    241457

    1379676

    165

    108

    -60

    640

    531

    533

    2

    2.22

    549

    551

    2

    1.20

    DBDD-2297

    241585

    1379555

    165

    107

    -60

    510

    393

    403

    10

    1.48

    426

    430

    4

    1.31

    458

    461

    3

    1.54

    Notes:

  2. Drill hole intercepts are calculated using a minimum down-hole length of 2 metres, a cut-off grade of 0.5 g/t gold, a global assay cap of 25 g/t gold and may include up to 5 metres of internal dilution.

  3. The true widths of intersections are interpreted to approximate the reported downhole lengths.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Ivory Coast | Mali | Senegal | All
Gold and Silver Prices for these countries : Ivory Coast | Mali | Senegal | All

IAMGOLD Corporation

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CODE : IMG.TO
ISIN : CA4509131088
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IAMGOLD is a producing gold company based in Canada.

IAMGOLD produces gold, diamonds, lead, niobium, rare earth, silver and zinc in Botswana, in Canada, in Ecuador, in Ghana, in Guyana, in Indonesia, in Mali, in Peru, in South Africa, in Suriname and in Tanzania, develops gold in Burkina Faso, in Ecuador and in French Guyana, and holds various exploration projects in Canada, in Ecuador, in Honduras, in Peru and in South Africa.

Its main assets in production are OMAI MINE in Guyana, MOUSKA MINE, PORCUPINE, SLEEPING GIANT, DOYON, NIOBEC and GRAND DUC in Canada, YATELA and SADIOLA in Mali, MUPANE in Botswana, DAMANG PROJECT, TARKWA and TEBEREBIE in Ghana, ROSEBEL in Suriname, ZARUMA in Ecuador, ARDO MINE in South Africa, BUCKREEF in Tanzania, RAWAS GOLD PROJECT in Indonesia and TAMBORAQUE in Peru, its main assets in development are ESSAKANE in Burkina Faso, CAMP CAIMAN in French Guyana and QUIMSACOCHA PROJECT in Ecuador and its main exploration properties are BAMBADJI in Senegal, TEX-SOL, LESPERANCE, CREVIER and WESTWOOD in Canada, ALAMOUTALA (SADIOLA II) and SIRIBAYA in Mali, GILT EDGE MINE & ANCHOR HILL in Ecuador, PODEROSA MINE in Peru and VUELTAS DEL RIO / EL ZAPOTAL in Honduras.

IAMGOLD is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.6 billions as of today (US$ 1.2 billions, € 1.1 billions).

Its stock quote reached its highest recent level on April 28, 2006 at CA$ 9.98, and its lowest recent point on July 24, 2015 at CA$ 1.50.

IAMGOLD has 464 620 000 shares outstanding.

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4/2/2012IAMGOLD announces investment in Stronghold
4/2/2012IAMGOLD announces investment in Stronghold
3/27/2012IAMGOLD completes 2011 AIF and Form 40-F filings
3/27/2012IAMGOLD completes 2011 AIF and Form 40-F filings
2/24/2012IAMGOLD Reports Record Revenues, Earnings
2/24/2012IAMGOLD Reports Record Revenues, Earnings
2/24/2012IAMGOLD continuing gold operations post 2011
2/24/2012IAMGOLD continuing gold operations post 2011
2/24/2012IAMGOLD releases update on its capital
2/24/2012IAMGOLD releases update on its capital
2/22/2012IAMGOLD increases unsecured credit facility to $500 million ...
2/22/2012IAMGOLD increases unsecured credit facility to $500 million ...
2/2/2012IAMGOLD declares rare earth inferred
1/17/2012IAMGOLD provides further information on its 2012-2014 capita...
1/17/2012IAMGOLD provides further information on its 2012-2014 capita...
1/16/2012IAMGOLD delivers on 2011 guidance with
1/16/2012IAMGOLD delivers on 2011 guidance with
12/21/2011IAMGOLD and Republic of Suriname announce agreement in princ...
12/21/2011IAMGOLD and Republic of Suriname announce agreement in princ...
12/16/2011IAMGOLD resolves minor labour disruption at Essakane
12/16/2011IAMGOLD resolves minor labour disruption at Essakane
12/9/2011IAMGOLD increases dividend by 25%
12/9/2011IAMGOLD increases dividend by 25%
12/6/2011IAMGOLD announces investment in Tolima Gold Corp. in Colombi...
12/6/2011IAMGOLD announces investment in Tolima Gold Corp. in Colombi...
9/29/2011to Jointly Lead a Canadian Public-Private CSR Partnership to...
9/19/2011Reports New Drill Results and is o =?ISO-8859-1?Q?n=20Schedu...
7/14/2011Files Final Base Shelf Prospectus for Renewal of Existing Fa...
7/13/2011(Doyon)Reports Incident at Doyon Division
6/30/2011Files Preliminary Base Shelf Prospectus for Renewal of Exist...
6/15/2011Announces Further Investment in Avnel
6/9/2011Announces Current Merrex Investment
5/4/2011(Niobec)Independent Technical Report Confirms IAMGOLD's Niobium Mine...
4/15/2011(Damang Project)To Sell Its Interest in Tarkwa and Damang Mines in Ghana for...
3/13/2011Signs Memorandum of Understanding With China Gold
3/8/2011Receives PDAC's 2011 Environmental and Social Responsibility...
2/25/2011=?ISO-8859-1?Q?IAMGOLD=20Reports=20Record=20Production,=20Re...
4/1/2010Form 40-F Filed on EDGAR
1/25/2010Focus on Organic Growth Yields Results; Year-End Gold Reserv...
1/21/2010Delivers on 2009 Guidance; Provides 2010 Operating Outlook
1/4/2010CEO to Step Down Effective January 15, 2010
12/11/2009Declares Ninth Consecutive Annual Dividend
12/10/2009Confirms Plane Crash Near Niobec
1/29/2009Announces 2008 Gold Production of 997,000 ounces and Provide...
12/31/2008Final Results of Re-Opened Tender Offer for Euro Ressources:...
12/23/2008Options Merrex Gold's Siribaya Gold Project in Mali and Conf...
12/15/2008Declares Eighth Consecutive Annual Dividend
12/15/2008Completes Sale of the Sleeping Giant Mine and Confirms Equit...
12/11/2008and Orezone Announce Business Combination
12/5/2008and Early Warning Report
12/3/2008Offer for Euro Ressources Successful IAMGOLD Owns 71.6% of E...
11/19/2008Euro Ressources? Board of Directors recommends IAMGOLD?s cas...
11/17/2008Expiry of the Deadline for Competing Bids for Euro Ressource...
11/6/2008Announces Q3 Record Revenues of $227 Million and an Operatin...
9/29/2008Corporate Update
9/29/2008Positive Results Expected in Ecuador's Constitutional Refere...
8/29/2008Announces Filing in France of Cash Bid for Euro Ressources
7/30/2008?s Boto Project, Senegal Exploration Update
7/23/2008Announces Acquisition of Doyon Royalty
6/2/2008Announces Operational Improvements Impacting Reserve Life an...
5/6/2008Reports Continued Success at 3.3 Million Ounce Westwood Proj...
5/5/2008Reaches Three Year Labour Agreements at Niobec
4/25/2008and Other Mining Companies Meet with President Correa and Ot...
3/28/2008 Reports Record Operating Cash Flow in 2007
3/28/2008 Increases Resources by 5%
3/14/2008Holds Positive Meeting with President Sarkozy
2/28/2008 Continues Rationalization of Exploration Portfolio
2/12/2008Year End Results Release ? March 28, 2008
2/6/2008Announces $ 18 Million Cost Improvement Program at Rosebel
1/31/2008Reports Camp Caiman Permits Not Approved
1/30/2008Corporate Update
12/14/2007Declares Seventh Consecutive Annual Dividend
11/15/2007 Reaches Agreement on Environmental Protection in Ecuador
10/9/2007Signs Option for Sale of Sleeping Giant
9/25/2007Exploration and Development Project Update
9/6/2007 Westwood Scopings Study Shows Positive Economics
8/3/2007Mistassini and Otish Basins Uranium Projects Exploration Upd...
7/10/2007Announces Further Drill Results at Quimsacocha
6/13/2007Announces Exploration Results Confirming New High Potential ...
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TORONTO (IMG.TO)NYSE (IAG)
3.52-2.49%2.49-1.19%
TORONTO
CA$ 3.52
04/03 17:00 -0.090
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3.61 3.59
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1,353,524 -15.18%
24hGold TrendPower© : 26
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