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Update: Iamgold Has Exploration Success In Canada And Senegal, Could Expand Into These Regions

Now that IAMGOLD (IAG) has sold its Niobec niobium mine in Québec, the company has been trying to fall back on its core activities -- gold exploration and mining. This shift is clearly noticeable as IAMGOLD has released two excellent exploration updates this week.

(click to enlarge)

Source: Company website.

At the Boto gold project in Senegal, which is located close to the border with Mali (which is an extremely prolific gold district), IAMGOLD has released the results of 16 additional holes that were drilled as part of a 5,000 meter infill drill program. That's roughly one-third the total amount of drilled meters in 2014, and the results were quite impressive. IAMGOLD drilled 44 meters of 4.46 g/t gold as well as 61 meters containing 2.91 g/t gold. This is very encouraging and highlights the potential of the Boto gold project.

Boto currently has a resource estimate that contains… Read More …