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IAMGOLD Cote Lake Hosts George Pirie Ontario Mining Minister

Feb 2, 2023

IAMGOLD Corporation announced additional results from its ongoing diamond drilling program at the Gosselin zone located immediately adjacent to the Côté Gold deposit in Southwest of Timmins, Ontario. 

The Gosselin delineation drilling program is being undertaken as part of the Côté Gold joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd. Côté Gold is currently under construction and is expected to commence production in early 2024 (refer to Company news releases dated November 8, 2022).

The progress being made by IAMGOLD has left Ontario Mining Minister, George Pirie, himself a former mining executive, impressed with the work being done. Pirie and several mining and mining supply officials recently visited the Cote Lake project, 125 km southwest of Timmins.

"Thank you to IAMGOLD Corporation for hosting us and taking us on a tour of their impressive Côté Gold Project, located 125 km southwest of Timmins. It was amazing to see their command centre and the complexity of the project site. The Côté Gold Project has 1,600 staff onsite and 6,000 individuals working construction," Pirie pointed out. 

"They’re moving 10,000 tons each day by deploying the only autonomous truck fleet operating in Ontario. It is always great to see a quality project like CôtéGold making progress and creating job opportunities for those in Northern Ontario, " Pirie said.


As IAMGOLD gets ready for 2024 production date with its Côté Gold project near Gogama, exploration continues to build reserves


Craig MacDougall, Executive Vice President, Growth for IAMGOLD, stated: "We are very pleased to see that the results from the 2022 drilling program support the anticipated expansion potential at Gosselin, specifically south of and below the interpreted resource boundaries of the deposit model. Future drilling programs at Gosselin will continue to target the extensions of the deposit towards the goal of defining further potential resource expansion and resource classification upgrades.

The 2022 drilling campaign required considerable coordination between the exploration and construction teams during a period of extensive construction activities related to the development of the Côté Gold project. I want to congratulate our exploration team, service contractors, local community employees and partners who together continue to drive the success of our exploration efforts."

Highlights of the drilling program include:

- 342.2 meters ("m") at 1.99 grams per tonne gold ("g/t Au") in drill hole GOS22-105 from 206.9 m including 101.8 m at 3.05 g/t Au from 311.0 m;
- 89.0 m at 2.48 g/t Au from 459.0 m
- 313.0 m at 1.29 g/t Au in drill hole GOS22-126 from 511.0 m including
-75.0 m at 3.68 g/t Au from 523.0 m
- 181.0 m at 1.50 g/t Au in drill hole GOS22-129 from 512.0 m including
- 91.3 m at 2.55 g/t Au from 582.0 m
- 388.5 m at 0.66 g/t Au in drill hole GOS22-118 from 39.0 m including
- 156.5 m at 1.03 g/t Au from 271.0 m
- 262.0 m at 0.77 g/t Au in drill hole GOS22-122 from 141.0 m

- 220.5 m at 0.74 g/t Au in drill hole GOS22-116 from 193.5 m including 69.5 m at 1.76 g/t Au from 344.5 m

The 2022 drilling program successfully outlined areas for potential resource expansion both at depth and to the south of the existing Gosselin Mineral Resource boundary. The areas have been tested with a limited number of widely-spaced drill holes and additional closed spaced drilling with a nominal drill hole spacing of 70 m is required to support future resource block model updates.

The next phase of diamond drilling has commenced to further test the identified expansion target areas. Ongoing geological and geochemical studies and refinement of the deposit model will continue to guide future delineation drilling programs and support the regional exploration targeting strategy on the large Côté Gold project land package.

"This is an exciting and monstrous project! NORCAT is very fortunate to be a training partner with IAMGOLD on the Cote Gold project with their employees and the many contractors working together to make this project come to fruition," said Ken Stewart Superintendent Training and Development NORCAT

Continuing technical studies initiated in 2022 include: a sampling program to advance metallurgical test work to evaluate comminution characteristics and gold recoveries over a range of ore types and grades; mining and infrastructure studies to review configuration options for the potential inclusion of the Gosselin deposit resources into future Côté Gold life-of-mine plans; and the collection of baseline data to support future permitting requirements.

The IAMGOLD Cote Lake and Gosselin Deposit projects have created employment and increased business for mining supply and services sector companies like The Bucket Shop in Timmins and area.
The Côté Gold Project has 1,600 staff onsite and 6,000 individuals working construction.

"TBS is looking forward to being part of the support mechanism at the Côté Site . With boots now on the ground we are settling into our new rolls and responsibilities   . Exciting times for the region and amazing  work by all those involved.," said The Bucket Shop Vice President, Paul Woodward.

About the Gosselin Deposit

The Gosselin zone discovery is located immediately adjacent to the northeast of the Côté Gold deposit and is accessible by construction roads on the developing mine property. Diamond drilling to date has delineated wide intervals of low-grade gold mineralization hosted in altered and brecciated intrusive lithologies similar to that observed at the adjacent Côté Gold deposit, extending from the Young-Shannon historical shaft in the west to the Gosselin zone in the east. Drilling to date has outlined mineralization over a strike length of 1,400 metres, width of 400 metres and a depth extent of 425 metres. The deposit outcrops below the shallow Three Ducks Lake, and remains open at depth, to the northwest, and along strike to the northeast and southwest.

A significant milestone was reached on October 18, 2021 with the announcement of an initial mineral resources estimation of the Gosselin deposit, comprising 124.5 million tonnes of Indicated resources grading 0.84 grams of gold per tonne for 3.35 million ounces of gold and 72.9 million tonnes of Inferred resources grading 0.73 grams of gold per tonne for 1.71 million ounces of gold (refer to Company news release dated October 18, 2021and February 23, 2022).

The current mineral resources estimate for the Gosselin zone incorporated assay results from 163 diamond drill holes totaling 54,775 metres, including 95 drill holes holes totaling 38,398 metres completed by IAMGOLD as part of its delineation drilling program.

For those seeking employment opportunities at IAMGOLD, we are currently accepting applications online via our website. Please visit www.iamgold.com/careers or www.iamgold.com/carrieres to view opportunities at IAMGOLD.

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Tags: Northern Ontario / Operational Updates / Gold / All Articles