Iamgold (TSX: IMG; NYSE: IAG) says new assay results from Nelligan and Monster Lake in central Quebec deliver new high-grade hits that extend mineralization.
In zone 36 at Nelligan, drill hole NE-25-239 cut 20.6 metres grading 1.93 grams gold per tonne from 330 metres depth and 13.5 metres at 2.17 grams, including 1.5 metres at 6.62 grams gold, the company said Monday. The Renard zone featured hole NE-25-244 with 24.5 metres at 3.24 grams gold from 851 metres downhole.
At Monster Lake’s Megane zone, drill hole ML-25-29 returned 9 metres at 23.4 grams gold, including 5 metres at 40.7 grams gold, Iamgold said in a news release.
“The results continue to expand the mineralized envelope of Nelligan and intersect high-grade veins at Monster Lake, demonstrating the potential to expand the current resource,” BMO Capital Markets mining analyst Matthew Murphy said in a note on Monday. “This drill program…
