https://newsletter.en.creamermedia.com
Exploration|Gold|Mining|PROJECT|Resources|Shell|Drilling
Exploration|Gold|Mining|PROJECT|Resources|Shell|Drilling
exploration|gold|mining|project|resources|shell|drilling

Iamgold and Vanstar update Nelligan resource estimate

13th January 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Canadian miner Iamgold has confirmed the expansion potential of the Nelligan joint venture (JV) project, in Quebec, executive VP for growth Craig MacDougall reported on Thursday, announcing an updated mineral resource estimate (MRE).

The updated MRE comprises 72.2-million tonnes of indicated mineral resources, averaging 0.85 g/t for 1.97-million ounces of gold, as well as 114.1-million tonnes of inferred resources, averaging 0.88 g/t for 3.24-million ounces of gold.

Mineral resources have increased by 92% in tonnage, with a 15% decline in gold grades, for an overall gain of 63% in metal content, relative to the 2019 estimate.

“This mineral resource estimation has not only resulted in a significant increase in resources, but also resulted in upgrading nearly two-million ounces from inferred to an indicated resource classification. Potential for further resource expansion appears favourable, noting that the deposit has areas within the resource pit shell, along strike and at depth that remain open for further drilling. Our exploration efforts continue to highlight the significance of this pure grass-root discovery," said MacDougall.

Since 2020, Iamgold has drilled 53 additional holes (for 22 045 m) to expand the resource base particularly to the west and at depth.

The Nelligan JV is 75% owned by Iamgold and 25% by Vanstar Mining Resources.

Edited by Creamer Media Reporter

Comments

 
 

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.37 0.466s - 192pq - 2rq
Subscribe Now