GOLD RESOURCE: IamGold grows Ct Gold indicated number

ONTARIO – IamGold Corporation of Toronto has continued to drill at the Côté gold project it acquired with its acquisition of Trelawney Mining earlier this year. The property is near Gogama, between Timmins and Sudbury, and...

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ONTARIO – IamGold Corporation of Toronto has continued to drill at the Côté gold project it acquired with its acquisition of Trelawney Mining earlier this year. The property is near Gogama, between Timmins and Sudbury, and IamGold’s interest is 92.5%.

IamGold reported last week that the new Côté resource estimate consists of an indicated resource of 131 million tonnes averaging 0.84 g/t Au for 3.56 million oz and an inferred resource of 165 million tonnes averaging 0.88 g/t Au for 4.66 million oz. The updated estimate, based on a cut-off grade of 0.30 g/t Au, represents a 274% increase in indicated resources from the previous estimate.

Commented Craig MacDougall, senior VP exploration, "Drilling continues at the site with the intent of converting a significant proportion of the remaining inferred resource to the indicated category. With the delineation drilling program progressing so well, and completion expected early next year, our exploration team is now starting to broaden its focus towards additional exploration targets within our large land position."

Enjoy the Côté gold project animation at IamGold.com.

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