Iamgold Announces Results of the Gosselin 2022 Drill Program Demonstrating Expansion Potential of the Deposit
NEWS RELEASE
TSX: IMG NYSE: IAG
IAMGOLD ANNOUNCES RESULTS OF THE GOSSELIN 2022 DRILL PROGRAM
DEMONSTRATING EXPANSION POTENTIAL OF THE DEPOSIT
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.
Toronto, Ontario, February 2, 202 3 – IAMGOLD Corporation (TSX:IMG, NYSE:IAG) (“IAMGOLD” or the
“Company”) is pleased to announce additional assay results from its ongoing diamond drilling program at the
Gosselin zone discovery, located immediately adjacent to the Côté Gold deposit in Ontario, Canada. The Gosselin
delineation drilling program is being undertaken as part of the Côté Gold joint venture between IAMGOLD, as the
operator, and Sumitomo Metal Mining Co., Ltd. (“SMM”). Côté Gold is currently under construction and is expected
to commence production in early 2024 (refer to Company news releases dated November 8, 2022).
Highlights include:
• 342.2 meters (“m”) at 1.99 grams per tonne gol d (“g/t Au”) in drill hole GOS22 -105 from 206. 9 m
including
o 101.8 m at 3.05 g/t Au from 311.0 m;
o 89.0 m at 2.48 g/t Au from 459.0 m
• 313.0 m at 1.29 g/t Au in drill hole GOS22-126 from 511.0 m including
o 75.0 m at 3.68 g/t Au from 523.0 m
• 181.0 m at 1.50 g/t Au in drill hole GOS22-129 from 512.0 m including
o 91.3 m at 2.55 g/t Au from 582.0 m
• 388.5 m at 0.66 g/t Au in drill hole GOS22-118 from 39.0 m including
o 156.5 m at 1.03 g/t Au from 271.0 m
• 262.0 m at 0.77 g/t Au in drill hole GOS22-122 from 141.0 m
• 220.5 m at 0.74 g/t Au in drill hole GOS22-116 from 193.5 m including
o 69.5 m at 1.76 g/t Au from 344.5 m
Craig MacDougall, Execut ive Vice President, Growth for IAMGOLD, stated: "We are very pleased to see that the
results from the 2022 drilling program support the anticipated expansion potential at Gosselin, specifically south of
and below the interpreted resource boundaries of the deposit model. Future drilling programs at Gosselin will
continue to target the extensions of the deposit towards the goal of defin ing further potential resource expansion
and resource classification upgrades. The 2022 drilling campaign required considerable coordination between the
exploration and construction teams during a period of extensive construction activities related to the development
of the Côté Gold project . I want to congratulate our exploration team, service contractors, local community
employees and partners who together continue to drive the success of our exploration efforts.”
IAMGOLD is reporting assay results from an additional twenty-seven (27) diamond drill holes totaling 14,660 metres
completed between January 21 and November 13, 2022. The assay results reported are provided in Table 1 below
(refer to plan map for drill hole locations outlined in Figure 1).
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Figure 1: Gosselin drill hole surface plan and 2022 assay highlights
Figure 2: Gosselin composite Longitudinal Section demonstrating expansion possibilities to the 2021 mineral resources
estimation
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Next Steps
The 2022 drilling program successfully outlined areas for potential resource expansion both at depth and to the
south of the existing Gosselin Mineral Resource boundar y. The areas have been tested with a limited number of
widely-spaced drill holes and additional closed spaced drilling with a no minal drill hole spacing of 70 m is required
to support future resource block model updates. The next phase of d iamond drilling has commenced to further test
the identified expansion target areas . Ongoing geological and geochemical studies and refinement o f the deposit
model will continue to guide future delineation drilling programs and support the regional exploration targeting
strategy on the large Côté Gold project land package.
Continuing technical studies initiated in 2022 include: a sampling program to advance metallurgical test work to
evaluate comminution characteristics and gold recoveries over a range of ore types and grades; mining and
infrastructure studies to review configuration options for the potential inclusion of the Go sselin deposit resources
into future Côté Gold life-of-mine plans; and the collection of baseline data to support future permitting requirements.
About the Gosselin Deposit
The Gosselin zone discovery is located immediately adjacent to the northeast of the Côté Gold deposit and is
accessible by construction roads on the developing mine property. Diamond drilling to date has delineated wide
intervals of low -grade gold minerali zation hosted in altered and brecciated intrusive lithologies similar to that
observed at the adjacent Côté Gold deposit, extending from the Young -Shannon historical shaft in the west to the
Gosselin zone in the east. Drilling to date has outlined mineralization over a strike length of 1,400 metres, width of
400 metres and a depth extent of 425 metres. The deposit outc rops below the shallow Three Ducks Lake, and
remains open at depth, to the northwest, and along strike to the northeast and southwest.
A significant milestone was reached on October 18, 2021 with the announcement of an initial mineral resources
estimation of the Gosselin deposit, comprising 124.5 million tonnes of Indicated re sources grading 0.84 grams of
gold per tonne for 3.35 million ounces of gold and 72.9 million tonnes of Inferred re sources grading 0.73 grams of
gold per tonne for 1.71 million ounces of gold (refer to Company news release dated October 18, 2021 and February
23, 2022 ). The current mineral resources estimate for the Gosselin zone incorporate d assay results from 163
diamond drill holes totaling 54,775 metres, including 95 drill holes holes totaling 38,398 metres completed by
IAMGOLD as part of its delineation drilling program.
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Table 1 Gosselin Project Drilling Results - 2022 Drilling program
Hole No. UTM NAD83 Zone17 AZ DIP EOH From To Core
Interval (1) Au (2) (3)
Easting Northing Elev. (°) (°) (m) (m) (m) (m) (g/t)
CL15-38EXT** 430988 5268196 386 215 -49 906.00** 385.00 596.00 211.00 0.52
Including (3) 474.00 475.00 1.00 10.30
729.00 787.35 58.35 0.60
897.00 904.63 7.63 7.88
Including (3) 897.00 898.00 1.00 15.90
Including (3) 901.00 902.00 1.00 14.10
Including (3) 903.22 904.63 1.41 13.70
GOS22-104 431213 5268009 386 90 -61 732.00 391.00 490.55 99.55 0.40
504.00 619.10 115.10 0.34
GOS22-105 431192 5267522 382 359 -57 888.00 206.85 549.00 342.15 1.99
Including (3) 276.00 277.00 1.00 12.80
Including (3) 311.00 412.75 101.75 3.05
Including (3) 320.00 321.00 1.00 10.40
Including (3) 323.00 323.60 0.60 12.00
Including (3) 344.00 345.00 1.00 12.80
Including (3) 346.65 347.55 0.90 16.00
Including (3) 380.15 381.00 0.85 11.90
Including (3) 459.00 548.00 89.00 2.48
Including (3) 498.00 499.00 1.00 10.30
Including (3) 523.00 524.00 1.00 20.50
Including (3) 539.00 540.65 1.65 10.70
GOS22-106 430242 5267646 387 178 -60 449.50 402.50 417.48 14.98 1.20
Including (3) 408.51 409.67 1.16 11.30
GOS22-107 431289 5267565 386 347 -58 369.00 186.00 203.25 17.25 0.44
253.40 277.50 24.10 0.54
338.50 369.00 30.50 0.43
GOS22-108 430235 5267661 388 1 -81 473.50 205.00 252.00 47.00 0.85
Including (3) 233.00 234.00 1.00 19.20
269.00 319.50 50.50 0.75
GOS22-109 431004 5268180 385 175 -67 870.50 290.00 541.80 251.80 0.38
GOS22-110 430330 5267466 387 38 -60 448.50 1.17 19.00 17.83 0.70
250.00 272.00 22.00 0.35
321.00 336.00 15.00 0.54
GOS22-111 430327 5267434 388 151 -55 522.00 268.00 319.00 51.00 0.43
369.00 386.00 17.00 0.43
GOS22-112 431024 5268171 385 127 -64 904.00 290.00 321.00 31.00 0.33
403.00 467.00 64.00 0.84
GOS22-113 430148 5267571 388 176 -61 459.00 11.00 28.00 17.00 0.32
410.00 428.00 18.00 0.50
GOS22-114 430188 5267602 390 164 -57 57.00 Abandoned due to excessive deviation
GOS22-115 430188 5267602 390 165 -48 424.50 60.00 74.00 14.00 0.79
301.00 320.70 19.70 0.44
357.00 384.50 27.50 0.39
GOS22-116* 431254 5267624 382 326 -67 414.00 193.50 414.00 220.50 0.74
Including (3) 344.50 414.00 69.50 1.76
Including (3) 372.50 373.50 1.00 11.00
Including (3) 379.50 380.60 1.10 27.90
GOS22-117 431289 5267259 386 345 -50 850.50 608.00 829.00 221.00 0.72
Including (3) 671.00 672.00 1.00 19.10
Including (3) 706.00 795.00 89.00 0.93
GOS22-118* 431309 5267654 382 327 -66 427.50 39.00 427.50 388.50 0.66
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Including (3) 271.00 427.50 156.50 1.03
Including (3) 369.00 369.97 0.97 14.20
GOS22-119* 431201 5267677 382 328 -67 426.00 47.00 93.00 46.00 1.66
Including (3) 49.90 51.00 1.10 48.10
329.80 400.00 70.20 1.32
Including (3) 381.00 381.95 0.95 51.20
GOS22-120* 431452 5267712 381 335 -59 426.00 21.85 142.50 120.65 0.69
Including (3) 92.00 93.00 1.00 20.70
165.85 256.50 90.65 0.38
273.50 292.50 19.00 0.44
311.50 396.00 84.50 0.57
GOS22-121* 431368 5267926 382 156 -62 424.50 31.50 113.37 81.87 0.55
154.00 252.00 98.00 0.62
GOS22-122 430903 5267284 389 9 -52 897.00 141.00 403.00 262.00 0.77
Including (3) 312.00 313.00 1.00 15.00
419.95 644.50 224.55 0.64
715.75 882.00 166.25 0.82
Including (3) 852.10 852.97 0.87 21.80
GOS22-123* 431397 5267974 381 154 -70 93.00 29.00 84.00 55.00 1.44
Including (3) 41.00 42.00 1.00 18.70
Including (3) 81.00 83.00 2.00 17.25
GOS22-124* 431431 5267945 380 163 -73 424.50 33.00 59.00 26.00 0.59
317.00 343.00 26.00 0.99
395.50 423.00 27.50 0.51
GOS22-125* 431315 5267925 381 158 -59 483.00 73.00 281.00 208.00 0.49
348.00 379.00 31.00 7.47
Including (3) 355.00 356.00 1.00 173.00
GOS22-126 430903 5267284 390 337 -57 933.00 317.00 328.00 11.00 1.43
511.00 824.00 313.00 1.29
Including (3) 523.00 598.00 75.00 3.68
Including (3) 531.00 532.00 1.00 13.20
Including (3) 552.00 557.00 5.00 21.40
Including (3) 560.00 561.00 1.00 12.60
Including (3) 565.00 566.00 1.00 16.80
GOS22-127* 431409 5268034 382 202 -65 345.00 271.00 345.00 74.00 0.30
GOS22-128* 431541 5267857 382 321 -65 349.50 192.82 201.00 8.18 1.48
GOS22-129 430940 5267189 387 343 -56 996.00 428.00 450.00 22.00 0.47
465.00 504.00 39.00 1.29
512.00 693.00 181.00 1.50
Including (3) 582.00 673.30 91.30 2.55
723.00 742.45 19.45 1.43
775.95 848.00 72.05 0.43
864.00 892.00 28.00 0.35
930.00 963.00 33.00 0.30
Notes:
1. Actual core widths are estimated to be approximately 60 to 95% of the Core Interval.
2. Drill hole intercepts are calculated with a lower cut of 0.30 g/t Au.
3. Assays are reported uncut but high grade sub-intervals are highlighted.
* BTW drillcore - core diameter is 42.0mm
** Extension of an old hole from 333m to 906m (total of 573m drilled)
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Qualified Persons, Technical Information and Quality Control Notes
The drilling results contained in this news release have been prepared in accordance with National Instrument 43 -
101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
Al Smith, P. Geo, District Manager – Exploration for IAMGOLD in the Ontario Côte Gold District is the Qualified
Person (“QP”) for the purposes of NI 43 -101 and is responsible for the supervision o f the preparation, verification
and review of the technical information in this news release.
The QP responsible for the planning, supervision and execution of the diamond drilling program is Brad McKinley,
P. Geo, Senior Geologist for IAMGOLD in the Ontar io Côte Gold District. The technical information has been
included herein with the consent and prior review of the above noted QPs.
The information in this news release was reviewed and approved by Craig MacDougall, P.Geo., Executive Vice
President, Growth for IAMGOLD. Mr. MacDougall is a QP as defined by NI 43-101.
The sampling of, and assay data from, the drill core is monitored through the implementation of a quality assurance
- quality control (QA-QC) program designed to follow industry best practice. Drill core (NQ size) samples are selected
by the IAMGOLD geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at
the site for reference purposes. Sample intervals may vary from 0.5 to 1.5 metres in length dependin g on the
geological observations. Samples were stored in sealed plastic bags and packed into fiber backs onto a pallet where
they were shrink wrapped for transport. A formal chain -of-custody procedure was adopted for security of samples
until their delivery at the laboratory.
Activation Laboratories Limited (ACTLABS - located in Timmins, Ontario) was utilized for assay analyses, performing
crushing, pulverizing, and fire assay in Timmins, Ontario. Activation Laboratories completed the following laboratory
procedure: samples are coarse crushed to 90% passing 2.0 mm screen (10 mesh screen), riffle split (250 gram) and
(mild steel) to 95% passing 105µm. Cleaner sand is included. Samples were analyzed using a standard 30 gram
fire assay (30 g aliquot) with an Atomic Absorption (AA) finish.
For samples that returned assay values over 3.0 grams per tonne (g/t), another cut is taken from the original pulp
and fire assayed with a gravimetric finish. For samples showing visible gold (VG) or samples which have returned
values greater than 5.0 g/t, these were re-analyzed by pulp metallic analysis.
IAMGOLD inserts blanks and certified reference standards in the sample sequence for quality control.
In accordance with recommendations from our on-going QA-QC program, additional check analyses are underway
at ACTLABS.
About IAMGOLD
IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America
and West Africa. The Company is building the large-scale, long life Côté Gold project in Canada in partnership with
Sumitomo Metals & Mining of Japan, which is expected to commence production in early 2024. IAMGOLD employs
approximately 3,300 people and is committed to maintaining its culture of accountable mining through high standards
of Env ironmental, Social and Governance ("ESG") practices, including its commitment to Zero Harm®, in every
aspect of its business. IAMGOLD is listed on the New York Stock Exchange (NYSE:IAG) and the Toronto Stock
Exchange (TSX:IMG) and is one of the companies o n the Jantzi Social Index (“JSI”), a socially screened market
capitalization-weighted consisting of companies which pass a set of broadly based environmental, social and
governance rating criteria.
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IAMGOLD Contact Information
Graeme Jennings, Vice President, Investor Relations
Tel: 416 360 4743 | Mobile: 416 388 6883
Toll-free: 1 888 464 9999
CAUTIONARY NOTE TO U.S. INVESTORS REGARDING DISCLOSURE OF MINERAL RESOURCE ESTIMATES
The mineral resource estimates contained in this news release have been prepared in accordance with NI 43 -101. These
standards are similar to those used by the United States Securities and Exchange Commission (the “SEC”) Industry Guide No. 7,
as interpreted by the SEC staff. However, the definitions in NI 43 -101 differ in certain respects from those under Industry Guide
No. 7. Accordingly, mineral resource information contained in this news release may not be comparable to similar information
disclosed by United States companies.
As a result of the adoption of amendments to the SEC’s disclosure rules (the “SEC Modernization Rules”) , which more closely
align its disclosure requirements and policies for mining properties with current industry and global regula tory practices and
standards, including NI 43 -101, and which became effective on February 25, 2019, the SEC now recognizes estimates of
"measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources." In addition, the SEC has
amended definitions of "proven Mineral Reserves" and "probable Mineral Reserves" in its amended rules, with definitions that are
substantially similar to those used in NI 43 -101. Issuers must begin to comply with these SEC Modernization Rules in their first
fiscal year beginning on or after January 1, 2021, though Canadian issuers that report in the United States using the
Multijurisdictional Disclosure System ("MJDS") may still use NI 43-101 rather than the SEC Modernization Rules when using the
SEC's MJDS registration statement and annual report forms.
United States investors are cautioned that while the SEC now recognizes "measured Mineral Resources", "Indicated Mineral
Resources" and "Inferred Mineral Resources", investors should not assume that any part or all of the mineral deposits in these
categories will ever be converted into a higher category of Mineral Resources or into Mineral Reserves. These terms have a great
amount of uncertainty as to their economic and legal feasibility. Under Canadian regula tions, estimates of Inferred Mineral
Resources may not form the basis of feasibility or pre-feasibility studies, except in limited circumstances. Investors are cautioned
not to assume that any "measured Mineral Resources", "Indicated Mineral Resources", or "Inferred Mineral Resources" that the
Company reports in this news release are or will be economically or legally mineable.
Further, "Inferred Mineral Resources" have a great amount of uncertainty as to their existence and as to their economic and legal
feasibility. It cannot be assumed that any part or all of an Inferred mineral resource will ever be upgraded to a higher category.
The mineral resource data set out in this news release are estimates, and no assurance can be given that the anticipated tonnages
and grades will be achieved or that the Indicated level of recovery will be realized.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements. All statements, other than of historical fact, that address activities, events
or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements.
Forward-looking statements are generally identifiable by, but not limited to, the use of the words “may”, “will”, “should”, “would”,
“continue”, “expect”, “expected”, “budget”, “forecast”, “anticipate”, “estimate”, “believe”, “intend”, “appear” “plan”, “sche dule”,
“guidance”, “outlook”, “potential”, “favourable”, “plans”, “targeted”, or “project” or th e negative of these words or other variations
on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many
of which are beyond the Company's ability to control or predict, that may cause the actual results to differ materially from those
discussed in the forward -looking statements. Factors that could cause actual results or events to differ materially from current
expectations include, among other things, without limitation, differences in the mineral content within the material identified as
Mineral Resources or Mineral Reserves from that predicted, the failure to accurately estimate Mineral Resources or Mineral
Reserves, unexpected increases in capital expenditures, operating expenditures and exploration expenditures, changes in
development or mining plans due to changes in logistical, technical or other factors, the possibility that future exploration results
will not be consistent with the Company's expectations, changes in world gold market s and other risks disclosed in IAMGOLD's
Page | 8 of 8
most recent Form 40 -F/ Annual Information Form on file with the United States Securities and Exchange Commission at
https://www.sec.gov/edgar.shtml and Canadian securities regulatory authorities at www.sedar.com, wh ich are incorporated
herein. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any forward-looking statement. The Company disclaims
any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events
or otherwise except as required by applicable law.
All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version française de ce communiqué, veuillez consulter le www.iamgold.com/French/accueil/default.aspx.