(Ecofin Agency) - Mining firm IAMGOLD released additional drilling results from 23 diamond drill holes at the Malikoundi deposit totaling 2,217 m, on its Boto gold project in Senegal.

Main mineralized intersections were found on drill hole 2302, at 12 m grading 6.39 g/t gold including 3 m grading 20.77 g/t, drill hole 2300, at 9 m grading 4.76g/t gold and drill hole 2303, at 22 m grading 4.04 g/t. On drill hole 2122, the firm encountered at 32 m a gold mineralization grading 5.19 g/t and on drill hole 2218, at 42 m it intersected another grading 3.6 g/t gold.    

“The drilling program has successfully delineated near surface, shallow mineralization extending 500 metres along strike, north of the Malikoundi deposit; and has confirmed the presence of wide intervals of high grade mineralization located in the footwall to the main deposit which was not fully tested in previous drilling programs.  Further drilling is planned at the end of the rainy season to follow up these encouraging results,” said Craig MacDougall, Senior Vice President, Exploration for IAMGOLD.

The Boto project covers an area of 236 km² in eastern Senegal, along the Senegal-Mali border. It hosts an indicated resource of 27.7 million tons averaging 1.8g/t gold for 1.56 million ounces and an inferred resource of 2.9 million tons averaging 1.3g/t gold for 125,000 ounces.

Louis-Nino Kansoun