Canadian Mining Journal

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GOLD: Rouyn project continues to deliver for Iamgold, Yorbeau



The Rouyn gold project covers a 12-km length of the Cadillac-Larder Lake Break. (Image: Yorbeau Resources)

QUEBEC – Toronto’s Iamgold and Montreal’s Yorbeau Resources jointly released the results of the recent winter drilling program at the Rouyn gold project 4 km south of Rouyn-Noranda. The results are from the Gamble Lake zone, between the Augmito and Astoria deposits.

Highlights include:

  • Hole GA-19-711: 9.7 metres grading 6.6 g/t gold, including 5.9 metres at 10.0 g/t;
  • Hole GA-19-719: 16.9 metres grading 3.4 g/t gold, including 5.8 metres at 5.7 g/t, including 1.8 metres at 10.3 g/t;
  • Hole GA-19-721: 23.4 metres grading 6.1 g/t gold, including 8.1 metres at 13.3 g/t, including 1.0 metre at 65.5 g/t; and
  • Hole GA-19-722: 10.1 metres grading 6.6 g/t gold, including 3.0 metres at 10.9 g/t and including 4.0 metres at 7.9 g/t.

Iamgold conducted the winter drilling to infill a part of the Lac Gamble zone drilled earlier by Yorbeau’s other partners. All the completed holes intersected the Cadillac-Piche corridor, as planned.

The results of the Gamble Lake drilling will be integrated with the existing geological, geochemical and structural information as a preliminary deposit model is created. Drilling has also resumed on selected targets near the historic Astoria deposit.

Iamgold can acquire 100% of the Royun project by paying $4 million to Yorbeau and spending $9 million on exploration over the next five years. See also www.Iamgold.com.