IAMGOLD Drilling Extends Mineralization at Nelligan, Intersects High-Grade Gold at Monster Lake and Advances Philibert Within Its Nelligan Mining Complex
IAMGOLD reported assay results from its 2025-2026 drilling programs at the 100%-owned Nelligan Mining Complex in Quebec, confirming depth extensions at Nelligan, Monster Lake and Philibert. Highlights include 77.0 m at 2.23 g/t Au at Nelligan's Zone 36 and exceptional high-grade hits at Monster Lake's Megane Zone, including 7.3 m at 49.6 g/t Au with 1.0 m at 155.6 g/t Au. The inaugural Philibert program confirmed previously defined zones and grades. Both the Nelligan and Philibert 2026 programs were expanded from roughly 18,000-20,000 m to 30,000 m each, and an updated Mineral Resource estimate is targeted for year-end, followed by a Preliminary Economic Assessment in the first half of 2027.
Key figures
- Best intercept
- 7.3 m at 49.6 g/t Au incl. 1.0 m at 155.6 g/t Au (ML-26-318)
- Nelligan inferred grade
- 0.96 g/t Au
- Nelligan indicated grade
- 0.95 g/t Au
- Nelligan inferred ounces
- 4600000
- Nelligan indicated ounces
- 3700000
- Philibert inferred ounces
- 1709000
- Monster lake indicated grade
- 13.0 g/t Au
- Drilling 2026 nelligan expanded
- 18,000 m planned, expanded to 30,000 m
- Updated mineral resource timing
- end of 2026
- Drilling 2026 philibert expanded
- 20,000 m planned, increased to 30,000 m
AI analysis
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