Iamgold Corp. Lists Inferred Mineral Estimate For Eastern Borosi Project
Iamgold Corp.(TSX: IMG; NYSE: IAG) has announced a new inferred mineral resource estimate for the EasternBorosi joint-venture gold project in Nicaragua. The project is 51% owned byIamgold and 49% by Calibre Mining Corp. Iamgold says the underground resource estimate consists ofinferred resources totaling 3,219,000 tonnes grading 6.03 grams per tonne ofgold and 104 g/t of silver for 624,000 ounces of gold and 10,758,500 ounces ofsilver. The open-pit resource estimate includes inferred resources totaling1,199,000 tonnes grading 1.98 g/t gold and 16 g/t silver for 76,500 ounces ofgold and 601,000 ounces of silver. "This new resource estimatereported for the Eastern Borosi project consolidates the results of successivedrilling campaigns completed by the joint venture partners under the directionof the Calibre exploration team between 2014 and the end of 2017,” says CraigMacDougall, senior vice president of exploration for Iamgold. “Numerous veinsystems and targets remain to be explored and the potential for resourceadditions and further discoveries is considered to be favorable.” The mineralresource estimate for the project incorporates assay results from 77 diamonddrill holes totaling nearly 17,350 meters.
By Allen Sykoraof Kitco News; asykora@kitco.com
Avino ReportsRise In Fourth-Quarter Net Income
Tuesday April 03, 2018 08:50
Avino Silver& Gold Mines Ltd. (TSX, NYSE American: ASM:FSE: GV6) reports net income for the fourth quarter was $1.5 million, or 3cents per share, up from $1 million, or 2 cents, in the first quarter of 2017.The company produced 637,012 silver-equivalent ounces, down 10% from 707,775 ayear earlier. For full-year 2017, net income came in at $2.7 million, or anickel per share, compared to $1.5 million, or 4 cents, in 2016.Silver-equivalent output was roughly steady at 2.7 million ounces.
By Allen SykoraFor Kitco News
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