RE: IAMGOLD20 Jan 2021 18:04
IAMGOLD would most likely come in for Cameroon deposits also in my opinion.
They got deep pockets indeed....
"In Senegal, IAMGOLD has completed its 10,000 metre ('m') air core ('AC') drilling programme at the Senala project ('Senala'), as scheduled. As per the Company's previous guidance, it is anticipated that these results will be available during Q1-2021 (announcement dated 9 November 2020). The AC drilling is intended to better-define the geochemical footprint of the gold mineralisation at the Faré prospect, where historical drilling has returned best results of 20m grading 31.13 grammes per tonne ('g/t') gold ('Au') including 10m grading 60.98 g/t Au from reverse circulation ('RC') drilling and 59.60m grading 2.20 g/t Au and 49.50m grading 1.75 g/t Au from diamond drilling
Subject to the results of the AC drilling programme, IAMGOLD has planned a further 5,000m follow-up RC drilling and has also planned 1,000m diamond drilling to test mineralised intervals previously identified by Stratex International (announcement dated 9 November 2020). IAMGOLD is currently in Year 3 of its earn-in to an initial 51% interest in Senala and, under the terms of the option agreement, must have spent a further US$1 million by the end of February 2021 to keep the option in good standing."