Page 74 By Gregory Reynolds IAMGOLD Corporation a midtier gold producer is assessing a property near Sudbury to determine whether it will become its seventh producing mine Chester and Neville T ownships Dis trict of Sudbury in Northeastern On tario It is approximately 20 km southwest of Gogama 130 km southwest of T immins 200 km northwest of Sud bury and roughly 5 km west of High way 144 IAMGOLD is assessing the potential to construct and operate a new open Open pit mining operations are esti mated to occur at a rate of approxi mately 60000 tonnes per day of ore production The preliminary site lay out proposes to install the necessary minerelated facilities in close prox imity to the open pit pected to include facility warehouse and administra Pr operty near Sudbury being assessed for a mine by IAMGOLD power infrastructure and fuel storage drainage works including water structure mines are on three continents It also has one of the world s three niobium mines A solid base of strategic assets in Canada South America and Africa is complemented by development and assessment of accretive acquisition opportunities position with extensive management and operational expertise The company has other development properties including the 100owned Pitan approximately 1 10 ki lometres northwest of Belo Horizonte the capital city of Minas Gerais State Brazil 1803 square kilometres of exploration licences covering the Archean Pitangui greenstone belt where an estimated in ferred resource of 407 million tonnes grading 488 grams of gold per tonne for 064 million contained ounces was recently reported for the Sao Sebas tiao discovery Assay results have been received for a further 27 diamond drill holes to talling 9971 metres completed on the fective date of the maiden resource estimate described above The 2014 diamond drilling program mineralization within the current Sao Sebastiao resource area and has tensions of known mineralized zones to expand the potential limits of the deposit Craig MacDougall senior vice presi dent exploration for IAMGOLD drilling program tar geting the core ing continuity of the zone and is in tersecting good thicknesses of higher grade mineralization In addition the Pimentao Zone locat ed approximately 120 metres below the Biquinho Zone has also returned some encouraging results which have potential to expand the current re sources