IAMGOLD has the following conclusions and observations for the RGM Mineral Resource and Mineral Reserve update:
[E21B] EARTH OR ROCK DRILLING (mining, quarrying E21C; making shafts, driving galleries or tunnels E21D); OBTAINING OIL, GAS, WATER, SOLUBLE OR MELTABLE MATERIALS OR A SLURRY OF MINERALS FROM WELLS [5]
Between 2014 and 2018 pit slope designs have undergone slight modifications to the original parameters to accommodate modifications to the design Bench Face Angle for certain sections.
In December 2000, a Pre-feasibility Study was delivered to the Ministry of Natural Resources covering only the mining and processing of the soft rock and transition ore portions of the Rosebel deposits, then reducing the projects estimated capital expenditures to $80 million from the $175 million contemplated in the original 1997 Feasibility Study. The Feasibility Study completed in August 2002 replaces both the November 1997 and December 2000 studies.
One at the administration complex, which is also started manually. This group also feeds the communication equipment and the truck shop. Each generator is equipped with a dyke diesel tank.
Location of specific gravity (SG) determination samples are marked by blue flagging tape tagged on the side of the core tray divider, on which the geologist writes the FROM and TO of the SG sample to later be collected at the RGM mine site.
TABLE 11-3 SUMMARY OF CERTIFIED REFERENCE MATERIALS USED BY IAMGOLD-RGM FROM JULY 2017 TO APRIL 2018
WHAT: A bright PVC cylinder with a dual layer foam core to keep contents cold. Looks like a life buoy rather than a bag; 100 per cent waterproof and floats if dropped in water. Keeps drinks cold for up to 24 hours. Ice cubes and freezer blocks are recommended for maximum efficiency.
In the north, advance the pit quicker through the saprolite units to the Transition Rock to exploit under-draining of the above materials, through the higher conductive Transition and upper fresh rock units. This strategy is similar to that implemented at RGM.
Gold is the principal commodity produced at RGM and is freely traded at prices that are widely known, so that prospects for sale of any production are virtually assured. All gold produced by IAMGOLD is in the form of doré bars, which is then shipped to a refiner who refined the doré into bullion. The bullion is then sold directly on the open market to gold trading institutions at prevailing market prices.
The block model has been validated by both SRK and IAMGOLD using various methodologies, including statistical comparisons between composites and block model distributions, estimation using different estimation methods, and visual checks with informing composites. These validation steps demonstrate that the block model provides a reasonable estimate of the Mineral Resources of the Saramacca deposit.
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