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Iamgold begins Monster Lake drilling project

23rd January 2018

By: Anine Kilian

Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – TSX-listed TomaGold has confirmed that an initial resource estimate is under way for its Monster Lake joint venture project, located 50 km south-west of Chibougamau, in Quebec, Canada.

The estimate will be based on data from more than 80 000 m of drilling completed by TomaGold’s joint venture partner, international gold producer Iamgold, as well as TomaGold and previous explorers, including about 38 000 m from the 325-Megane zone area.

"We are delighted that Iamgold has initiated a first resource estimate for Monster Lake," said TomaGold CEO David Grondin in a statement on Tuesday.

He added that this will mark a significant milestone in the exploration of the Monster Lake project.

In addition, Iamgold will continue to advance its ongoing exploration of the property, with a new drilling programme targeting high-potential targets for additional mineralisation.

“Together with the resource estimate, this drilling programme will continue to advance the Monster Lake project significantly," concluded Grondin.

Edited by Samantha Herbst
Creamer Media Deputy Editor

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