Iamgold to explore further at Senegal earn-in project
NYSE-listed Iamgold has indicated that it will shortly start a third year of exploration at the Senala project, in Senegal, which it has been jointly exploring with Aim-listed Oriole Resources.
Iamgold has the option to spend up to $8-million to earn a 70% interest in the project.
The partners recently obtained a new licence for the project, which provides security of tenure for a further ten years.
Since signing the option agreement in March 2018, Iamgold has focused on the Madina Bafé prospect in the southern area of Senala, where some results achieved to date include 9.6 m grading 16.08 g/t gold from 15 m; 15 m grading 6.1 g/t gold from 14 m; and 8 m grading 2.56 g/t gold from 76 m.
This area lies within 10 km of Iamgold’s 2.5-million-ounce Boto gold project, on which a construction decision will be made before June.
Iamgold in November last year completed a 2019/20 work programme, involving air core drilling at the Saroudia prospect, which is immediately north of Madina Bafé. However, the 3 158 m of drilling confirmed no additional trends and no further work was planned for this prospect.
The company confirmed it would now start drilling at the Senala project’s Faré prospect.
Iamgold believes this prospect has the potential to host a standalone deposit.
Some previous drilling at Faré delivered intersections of 96 m grading 1.51 g/t gold and 7 m grading 86.39 g/t gold.
The company will initially conduct a 10 000 m air core drilling programme, followed by a reverse circulation drilling programme.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...
VISIT SHOWROOM
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
