ECUADOR -- Initial drilling results from this year's program at the Quimsacocha gold-copper project have Toronto's IAMGOLD thinking the resource base can only grow. Work at the project, near Cuena in the southern part of the country, already identified 2.8 million oz of gold in the deposit.
The best assay from the first half of IamGold's 2006 program returned 169.2 g/t Au, 5.4% Cu and 190.0 g/t Ag over 9.1 metres from hole 278. The same hole averaged 46.1 g/t Au, 1.8% Cu and 89.2 g/t Ag over 37.2 metres. Hole 279 assayed 23.1 g/t Au, 2.0% Cu and 73.7 g/t Ag over 20.5 metres. Other holes returned significantly lower grades of mineralization. IamGold made an indicted resources estimate for Quimsacocha last fall of 2.8 million oz of gold contained in 22.5 million tonnes grading 3.9 g/t Au at a 1.0-g/t cutoff.
Details and additional information about drill hole locations is available in the news release of June 8, at www.IamGold.com.