Iamgold has the option to spend up to $8-million to earn a 70% interest in the project.
Since signing the option agreement in March 2018, Iamgold has focused on the Madina Bafé prospect in the southern area of Senala, where some results achieved to date include 9.6 m grading 16.08 g/t gold from 15 m; 15 m grading 6.1 g/t gold from 14 m; and 8 m grading 2.56 g/t gold from 76 m.This area lies within 10 km of Iamgold’s 2.5-million-ounce Boto gold project, on which a construction decision will be made before June.
Iamgold in November last year completed a 2019/20 work programme, involving air core drilling at the Saroudia prospect, which is immediately north of Madina Bafé. However, the 3 158 m of drilling confirmed to additional trends and no further work was planned for this prospect.
Iamgold believes this prospect has the potential to host a standalone deposit.