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IAMGOLD estimates initial resource of 3.2 Moz in 51%-owned Nelligan

IAMGOLD Corp. said Oct. 22 that its 51%-owned Nelligan gold project in Quebec has an estimated initial inferred resource of 97.0 million tonnes averaging 1.02 g/t gold for 3.2 million ounces of contained gold.

Vanstar Mining Resources Inc., IAMGOLD's partner in Nelligan with a 49% stake, said that additional metallurgical tests will be completed in the coming months.

In February 2018, Vanstar executed an agreement with IAMGOLD for the latter's option to acquire up to an 80% stake in the project.