GOLD: Iamgold files 43-101 report for Rosebel mine

SURINAME – Toronto’s Iamgold Corp. has filed a 43-101 report detailing an updated resource estimate for its Rosebel gold mine. Contained gold in proven and probable reserves increased 80% to 3.7 million oz. at the end of June 2017. [caption id="attachment_1003719860" align="alignleft" width="300"] Blasthole drilling in one of the pits at the Rosebel gold mine. (Credit: Iamgold Corporation)[/caption] The company also released numbers for resources. The measured and indicated category was 307.1 million tonnes grading 0.9 g/t gold and containing 9.3 million oz. The inferred category was 84.9 million tonnes at 1.0 g/t and containing 2.7 million tonnes. Increases were due to additional drilling results and changes to the Rosebel cost model, said Iamgold. Rosebel is an open pit project with carbon-in-leach gold recovery. The life of mine plan calls for gold production of approximately 316,000 per year. (The government of Suriname holds a 5% interest in the project.) Information about the Rosebel geology and minerology is available at www.Iamgold.com.