Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
 |
(Wallace Refiners) – Today, Sumitomo Metal Mining and IAMGOLD have confirmed significant gold mineralization through an exploration program in the Gosselin and Young-Shannon zone, located approximately 1.5 kilometers northeast of the Côté gold project in Ontario, Canada.
Highlights of the drilling results include 417.3 meters grading 0.95g/t Au, 353.0 meters grading 1.04g/t Au, and 86.0 meters grading 5.57g/t Au.
Sumitomo and IAMGOLD are planning to have an additional drilling campaign totaling approximately 14,500 meters to delineate the mineralized zone and to support maiden resource estimation, which is expected to be completed in 2021. Partners anticipate these results will increase the value of the Côté gold project by utilizing facilities currently under construction.
Sumitomo joined the exploration project (claim area approximately 521km2) in 2017 as a part of the Côté gold project. The construction work at the Côté gold project is progressing on schedule and expected to be completed in 2023.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
