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IAMGOLD reports remaining assay results at Nelligan Gold Project, Quebec

Aug 13, 2020

IAMGOLD Corporation has announced remaining assay results from its 2020 exploration diamond drilling program completed prior to the suspension of activities last winter at its Nelligan joint venture project 60 kilometres southwest of Chibougamau, Quebec.

The Company is reporting assay results from the remaining three (3) diamond drill holes totaling 1,278 metres completed as part of the winter 2020 drilling program. One hole failed to reach the expected target zone due to mechanical problems. Drilling activities have resumed and assays will be reported when received, validated and compiled.

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

(A drill hole plan map is attached to this news release.)

Renard Zone:

  • Drill hole NE-20-157: 39.1 metres grading 2.14 g/t Au
                     includes: 4.5 metres grading 4.58 g/t Au
            and includes: 11.5 metres grading 3.88 g/t Au

                             and 34.5 metres grading 1.85 g/t Au
                    includes: 1.5 metres grading 11.15 g/t Au

Renard West Zone:

  • Drill hole NE-20-158: 5.1 metres grading 2.81 g/t Au

                         and 8.5 metres grading 1.91 g/t Au

Liam Zone:

  • Drill hole NE-20-157: 16.4 metres grading 2.65 g/t Au
                     includes: 1.5 metres grading 20.1 g/t Au

The Nelligan Gold project (on a 100% basis) hosts Inferred Mineral Resources containing 3.2 million ounces of gold grading 1.02 g/t Au (see news releases dated October 22, 2019 and February 18, 2020). The 2020 diamond drilling program was designed to infill selected areas of the resource to improve resource classification and evaluate potential resource extensions at depth and along strike. 

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: "These results complement results reported earlier from the 2020 diamond drilling program, completed before our activities were suspended as directed by the Government of Quebec in response to the global COVID-19 crisis. These additional results continue to confirm continuity of mineralization from infill holes in the resource area as well as demonstrate that the mineralization and associated alteration system remains open along strike to the west outside of the current modeled resource. This extension area requires additional drilling to assess the resource potential which is an important objective of the remaining and future drilling programs. I also commend our exploration team, who with the support of our contractors and suppliers, have successfully resumed drilling activities under stringent COVID-19 safety protocols."

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