IAMGOLD drilling confirms deeper gold mineralization at Nelligan
IAG•IAMGOLD reported drilling results confirming deeper mineralization at its wholly owned Nelligan mining complex in Quebec. Monster Lake drilling intersected 7.3 meters grading 49.6 grams of gold per metric ton, and the Mégane zone now extends 600 meters deep.
1. Drilling results
Monster Lake drilling intersected 7.3 meters grading 49.6 grams of gold per metric ton, while the Mégane zone now extends 600 meters deep.
2. Expanded programs
IAMGOLD increased Nelligan's 2026 drilling program to 30,000 meters from 18,000 meters, primarily targeting conversion of inferred resources to indicated resources. The Philibert drilling target rose to 30,000 meters from at least 20,000 meters, with approximately 28,000 meters completed through the third quarter.
3. Next milestones
An exploration update is expected in the first half of 2027, followed by a preliminary economic assessment of the complex.
