Iamgold Corp. (NYSE: IAG; TSX: IMG) said Wednesday that assay results from a drilling program on the Rouyn gold project in Quebec were “positive.”
The results included the Astoria area and the Lac Gamble Zone on the project, optioned from Yorbeau Resources Inc. The Rouyn gold project is located is located approximately 45 kilometers southwest of Iamgold’s Westwood mine.
Highlights included drill holes in the Lac Gamble Zone that graded as much as 27.8 grams of gold per metric ton over 9.8 meters and 10.4 g/t over 9.8 meters. Between this and the Astoria area, several other drill holes showed gold in a range of 4.6 g/t to 7.9 g/t.
“We continue to be pleased with the positive results obtained from our infill and evaluation drilling programs, especially those from our priority target at Lac Gamble, which we are working to advance to a formal resource estimate,” said Craig MacDougall, senior vice president for exploration. “The Rouyn gold project provides Iamgold with an opportunity to delineate satellite resources with the objective of supplementing production at our Westwood operation and utilizing our existing infrastructure and excess mill capacity.”
He noted drilling operations were suspended due to COVID-19 restrictions in Quebec, but added that work will resume when allowed by the government.