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Stock Market & Financial Investment News

News Breaks
November 15, 2012
06:48 EDTIAGIAMGOLD downgraded to Sector Performer from Sector Outperformer at CIBC
News For IAG From The Last 14 Days
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February 9, 2016
17:09 EDTIAGIAMGOLD issues mineral resource estimate for Diakha deposit
IAMGOLD announced the first mineral resource estimate for the Diakha deposit located on the Siribaya JV project in western Mali, West Africa. The Siribaya exploration project is operated by IAMGOLD under a joint venture with Merrex Gold. The resource estimate, which includes resources estimated for previously known zones at Zone 1B and Taya Ko along the Siribaya trend as well as the new Diakha deposit, is comprised of Indicated Resources totalling 2.1M tonnes averaging 1.9 grams of gold per tonne for 129,000 ounces and Inferred Resources comprised of 19.8M tonnes averaging 1.71 grams of gold per tonne for 1.1M ounces. "A significant portion of the estimate is derived from the newly discovered Diakha deposit which is open in all directions and has significant potential for expansion," the company remarked. In support of the resource estimate, preliminary metallurgical testwork was completed on three composite samples prepared from Diakha diamond drill core. The results suggest that the gold mineralization is not refractory and that a gold recovery of approximately 92% can be expected from a conventional leach/carbon in pulp circuit.

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