EX-99.1 2 d380102dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

   LOGO

NI 43-101 Technical Report on the Prefeasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada

 

LOGO

 

A. Peralta, P. Eng., Amec Foster Wheeler

  

                Presented to: IAMGOLD Corporation

B. Wang, P. Eng., Amec Foster Wheeler

  

                Effective Date: May 26, 2017

D. Dyck, P. Eng., Amec Foster Wheeler

  

                Project No.: 191659

D. Smiley, P. Eng., Amec Foster Wheeler

  

I. Lipiec, P. Eng., Amec Foster Wheeler

  

J. Padilla, P. Eng., Amec Foster Wheeler

  

P. Baluch, P. Eng., Amec Foster Wheeler

  

A. Smith, P. Geo,. IAMGOLD Corp.

  

M. Bugnon, P. Geo., IAMGOLD Corp.

  

L. Evans, P. Eng., RPA Inc.

  

T. Ciuculescu, P. Geo., RPA Inc.

  

 


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Important Notice

This National Instrument 43-101 Technical Report was prepared by Amec Foster Wheeler Americas Limited (Amec Foster Wheeler) and Roscoe Postle Associates Inc for IAMGOLD Inc. The quality of information, conclusions, and estimates contained herein is consistent with the level of effort involved in Amec Foster Wheeler’s services, based on i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this report. This report is intended for use by IAMGOLD Inc. subject to terms and conditions of its contract with Amec Foster Wheeler. Except for the purposes legislated under Canadian provincial securities law, any other uses of this report by any third party is at that party’s sole risk.

 

 

Project No.: 191659

8 June 2017

  Page i  


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

CONTENTS

 

 

1.0

 

EXECUTIVE SUMMARY

     1-1  
 

1.1

  

Introduction

     1-1  
 

1.2

  

Key Outcomes

     1-1  
 

1.3

  

Property Description and Location

     1-2  
 

1.4

  

Accessibility, Climate, Infrastructure and Physiography

     1-3  
 

1.5

  

History

     1-4  
 

1.6

  

Geological Setting and Mineralization

     1-4  
 

1.7

  

Deposit Type

     1-4  
 

1.8

  

Exploration

     1-5  
 

1.9

  

Drilling and Sampling

     1-5  
 

1.10

  

Data Verification

     1-7  
 

1.11

  

Metallurgical and Processing

     1-7  
 

1.12

  

Mineral Resource Estimate

     1-7  
 

1.13

  

Mining Methods

     1-8  
 

1.14

  

Recovery Methods

     1-9  
 

1.15

  

Project Infrastructure

     1-12  
 

1.16

  

Market Studies and Contracts

     1-14  
 

1.17

  

Environmental Studies, Permitting & Social or Community Impact

     1-14  
 

1.18

  

Capital and Operating Costs

     1-14  
 

1.19

  

Economic Analysis

     1-16  
 

1.20

  

Adjacent Properties

     1-16  
 

1.21

  

Other Relevant Data and Information

     1-16  
 

1.22

  

Interpretations and Conclusions

     1-16  
 

1.23

  

Recommendations

     1-16  

2.0

 

INTRODUCTION

     2-1  
 

2.1

  

Purpose of the Study

     2-1  
 

2.2

  

Terms of Reference

     2-1  
 

2.3

  

Sources of Information

     2-1  
 

2.4

  

Effective Dates

     2-2  
 

2.5

  

Personal Inspections

     2-2  

3.0

 

RELIANCE ON OTHER EXPERTS

     3-1  
 

3.1

  

Legal Information

     3-1  
 

3.2

  

Tax Information

     3-1  

4.0

 

PROPERTY DESCRIPTION AND LOCATION

     4-1  
 

4.1

  

Location

     4-1  
 

4.2

  

Property Titles

     4-1  
 

4.3

  

Mineral Rights, Land Holdings and Agreements

     4-4  
    

4.3.1

  

Chester Property

     4-4  
    

4.3.2

  

Environmental Site Remediation

     4-7  
    

4.3.3

  

Other Property Groups

     4-17  

 

Project No.: 191659

8 June 2017

  Page ii  


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

5.0

 

ACCESSIBILITY, CLIMATE, INFRASTRUCTURE, AND PHYSIOGRAPHY

     5-1  
 

5.1

  

Accessibility

     5-1  
 

5.2

  

Local Resources

     5-1  
 

5.3

  

Climate

     5-1  
 

5.4

  

Physiography

     5-1  
 

5.5

  

Infrastructure

     5-2  

6.0

 

HISTORY

     6-1  
 

6.1

  

Chester Property

     6-1  
    

6.1.1

  

Young Shannon (58), (59), and (82)

     6-2  
    

6.1.2

  

Jack Rabbit (73), (76), and (77)

     6-4  
    

6.1.3

  

Murgold Chesbar (67), (68) (69) and (70)

     6-4  
    

6.1.4

  

Crown Minerals Agreement

     6-6  
 

6.2

  

Sanatana ROFR (TAAC East) Property

     6-7  
 

6.3

  

Trelawney Augen Acquisition Corp – West Property (TAAC West)

     6-8  
    

6.3.1

  

Jerome Mine 1938-1945

     6-9  
    

6.3.2

  

Jerome Mine 1956-1971

     6-9  
    

6.3.3

  

Jerome Mine 1974-1989

     6-10  
    

6.3.4

  

Jerome Mine 1998-2006

     6-11  
 

6.4

  

Falcon Gold Option Property

     6-13  

7.0

 

GEOLOGICAL SETTING AND MINERALIZATION

     7-1  
 

7.1

  

Regional Geology

     7-1  
 

7.2

  

Local and Chester Property Geology

     7-3  
    

7.2.1

  

Local Geology

     7-3  
    

7.2.2

  

Property Geology

     7-6  
    

7.2.3

  

Côté Deposit Geology

     7-8  
    

7.2.4

  

Lithology Description

     7-10  
    

7.2.5

  

Post-Emplacement Veining and Alteration

     7-14  
    

7.2.6

  

Mineralogy and Mineralization

     7-20  

8.0

 

DEPOSIT TYPE

     8-1  

9.0

 

EXPLORATION

     9-1  
 

9.1

  

Overview

     9-1  
 

9.2

  

Côté Property

     9-2  
    

9.2.1

  

Drilling Program of the Côté Deposit

     9-2  
    

9.2.2

  

Geological Mapping

     9-2  
 

9.3

  

Chester Area Properties

     9-2  
    

9.3.1

  

Clam Lake and Leliever

     9-2  
    

9.3.2

  

Jack Rabbit

     9-5  
    

9.3.3

  

Other Chester Area Properties

     9-6  
 

9.4

  

South Swayze East

     9-8  
    

9.4.1

  

Sheridan Option Property

     9-8  
    

9.4.2

  

Trelawney Mining and Exploration Properties

     9-9  
    

9.4.3

  

Arimathaea (Ontario 986813 Ltd.) Property

     9-10  
    

9.4.4

  

TME East (Benneweiss) and Arimathaea East (Ont 986813 Ltd.) Properties

     9-10  

 

Project No.: 191659

8 June 2017

  Page iii  


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

    

9.4.5

  

King Errington (Spyder) Claims

     9-10  
 

9.5

  

South Swayze West

     9-11  
    

9.5.1

  

TAAC West Property

     9-11  
    

9.5.2

  

Huffman Option Property

     9-12  
    

9.5.3

  

TAAC West – Schist Lake Area

     9-12  
    

9.5.4

  

TAAC West – Watershed Property

     9-13  

10.0

 

DRILLING

     10-1  
 

10.1

  

Overview

     10-1  
 

10.2

  

Definition Drilling

     10-1  
 

10.3

  

Condemnation Drilling

     10-2  
 

10.4

  

Metallurgical/Geotechnical Drilling

     10-2  

11.0

 

SAMPLE PREPARATION, ANALYSES AND SECURITY

     11-1  
 

11.1

  

Sample Preparation and Analysis

     11-2  
 

11.2

  

Quality Assurance and Quality Control

     11-3  
    

11.2.1

  

Certified Reference Materials

     11-3  
    

11.2.2

  

Blank Samples

     11-5  
    

11.2.3

  

Check Assays

     11-6  

12.0

 

DATA VERIFICATION

     12-1  

13.0

 

METALLURGY AND PROCESSING

     13-1  
 

13.1

  

Summary

     13-1  
 

13.2

  

Review of Metallurgical Testwork

     13-1  
 

13.3

  

Mineralogy

     13-7  
 

13.4

  

Comminution Testwork

     13-11  
 

13.5

  

Gravity Testwork

     13-16  
 

13.6

  

Cyanide Leaching Testwork

     13-17  
    

13.6.1

  

Effect of Head Grade

     13-18  
    

13.6.2

  

Effect of Grind

     13-19  
    

13.6.3

  

Cyanide and Lime Consumption

     13-21  
    

13.6.4

  

Aeration

     13-22  
    

13.6.5

  

Cyanide Destruction

     13-23  
    

13.6.6

  

Barren Solution Analysis

     13-24  
 

13.7

  

Whole-Ore Leach Alternatives Assessment

     13-24  
 

13.8

  

Mineralization Variability

     13-26  
 

13.9

  

Recovery Estimate

     13-27  
 

13.10

  

Conclusions

     13-28  
 

13.11

  

Metallurgy and Process Recommendations

     13-29  
    

13.11.1

  

Metallurgical Testwork

     13-29  

14.0

 

MINERAL RESOURCE ESTIMATES

     14-1  
 

14.1

  

Summary

     14-1  
 

14.2

  

Mineral Resource Database

     14-1  
 

14.3

  

Geological Modelling

     14-2  
 

14.4

  

Descriptive Statistics

     14-6  
 

14.5

  

Capping

     14-7  

 

Project No.: 191659

8 June 2017

  Page iv  


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

 

14.6

  

Compositing

     14-9  
 

14.7

  

Domaining

     14-9  
 

14.8

  

Variography and Grade Trends

     14-11  
 

14.9

  

Density

     14-15  
 

14.10

  

Block Model

     14-15  
 

14.11

  

Interpolation

     14-16  
 

14.12

  

Block model validation

     14-17  
 

14.13

  

Classification

     14-21  
 

14.14

  

Cut-off Grade

     14-23  
 

14.15

  

Resource Sensitivity

     14-23  
 

14.16

  

Comparison with previous estimates

     14-24  

15.0

 

MINERAL RESERVE ESTIMATES

     15-1  
 

15.1

  

Overview

     15-1  
 

15.2

  

Pit Optimization

     15-1  
 

15.3

  

Dilution and Ore Losses

     15-4  
 

15.4

  

Mineral Reserve Statement

     15-5  
 

15.5

  

Factors Affecting Mineral Reserves

     15-6  

16.0

 

MINING METHODS

     16-1  
 

16.1

  

Overview

     16-1  
 

16.2

  

Mine Design

     16-1  
 

16.3

  

Waste Rock Facilities and Stockpile Designs

     16-3  
 

16.4

  

Production Schedule

     16-5  
 

16.5

  

Waste Material Handling

     16-8  
 

16.6

  

Operating Schedule

     16-8  
 

16.7

  

Mining Equipment

     16-10  
    

16.7.1

  

Blasting

     16-10  
    

16.7.2

  

Drilling

     16-11  
    

16.7.3

  

Loading

     16-13  
    

16.7.4

  

Hauling

     16-14  
    

16.7.5

  

Support

     16-15  
    

16.7.6

  

Auxiliary

     16-17  
 

16.8

  

Open Pit Water Management

     16-18  
 

16.9

  

Geotechnical Review

     16-19  
 

16.10

  

Suitability of Resource Estimate to Support Mine Plan

     16-19  

17.0

 

RECOVERY METHODS

     17-1  
 

17.1

  

Summary

     17-1  
 

17.2

  

Process Design Criteria

     17-2  
 

17.3

  

Process Plant Overview

     17-3  
 

17.4

  

Unit Operations

     17-7  
    

17.4.1

  

Crushing and Coarse Ore Stockpile

     17-8  
    

17.4.2

  

HPGR and Ball Mill Circuit

     17-9  
    

17.4.3

  

Gravity Concentration and Intensive Leach

     17-11  
    

17.4.4

  

Whole Ore Leach and CIP

     17-11  

 

Project No.: 191659

8 June 2017

  Page v  


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

    

17.4.5

  

Stripping Circuit

     17-12  
    

17.4.6

  

Electrowinning and Refining

     17-13  
    

17.4.7

  

Cyanide Destruction

     17-13  
    

17.4.8

  

Tailings Thickening

     17-14  
    

17.4.9

  

Plant Water System

     17-14  
    

17.4.10

  

Reagent Preparation

     17-14  
    

17.4.11

  

Air Services

     17-14  
    

17.4.12

  

Cyanide Management

     17-15  
 

17.5

  

Production Ramp-up Schedule

     17-15  

18.0

 

PROJECT INFRASTRUCTURE

     18-1  
 

18.1

  

Summary

     18-1  
 

18.2

  

Onsite Infrastructure and Services

     18-1  
    

18.2.1

  

Site Development and Access

     18-1  
    

18.2.2

  

Overall Water Management Plan

     18-5  
    

18.2.3

  

Tailings Management Facility

     18-8  
    

18.2.4

  

Mine Rock Area

     18-14  
    

18.2.5

  

Topsoil / Overburden Stockpile

     18-14  
    

18.2.6

  

Electrical Site Reticulation

     18-14  
    

18.2.7

  

Workshops, Offices, Facilities and Services

     18-16  
 

18.3

  

Offsite Infrastructure and Services

     18-17  
    

18.3.1

  

Roads

     18-17  
    

18.3.2

  

Power Supply

     18-18  

19.0

 

MARKET STUDIES AND CONTRACTS

     19-1  
 

19.1

  

Market Studies

     19-1  
 

19.2

  

Commodity Price Projections

     19-1  
 

19.3

  

Contracts

     19-1  
 

19.4

  

Comments

     19-1  

20.0

 

ENVIRONMENTAL STUDIES, PERMITTING & SOCIAL OR COMMUNITY IMPACT

     20-1  
 

20.1

  

Summary

     20-1  
 

20.2

  

Environmental Approvals Required for Proposed Operations

     20-1  
    

20.2.1

  

Environmental Assessment Process

     20-1  
    

20.2.2

  

Environmental Approvals

     20-2  
 

20.3

  

Community Relations

     20-4  
    

20.3.1

  

Community and Government Communications

     20-4  
    

20.3.2

  

Aboriginal Communications

     20-5  
 

20.4

  

Environmental Studies

     20-6  
    

20.4.1

  

Water

     20-6  
    

20.4.2

  

Noise

     20-7  
    

20.4.3

  

Soils

     20-7  
    

20.4.4

  

Geology and Geochemistry

     20-7  
    

20.4.5

  

Hydrology

     20-8  
    

20.4.6

  

Hydrogeology

     20-8  
    

20.4.7

  

Surface Water, Sediment and Groundwater Quality

     20-9  

 

Project No.: 191659

8 June 2017

  Page vi  


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

    

20.4.8

  

Biological Environment

     20-10  
    

20.4.9

  

Human Environment

     20-11  
 

20.5

  

Environmental Effects

     20-12  
    

20.5.1

  

Preliminary Description of Potential Environmental Effects

     20-12  
 

20.6

  

Waste and Tailings Disposal, and Water Management

     20-13  
 

20.7

  

Environmental Monitoring

     20-13  
 

20.8

  

Preliminary Closure Plan

     20-13  

21.0

 

CAPITAL AND OPERATING COSTS

     21-1  
 

21.1

  

Summary

     21-1  
 

21.2

  

Scope and Structure of Capital Cost Estimate

     21-2  
 

21.3

  

Support Documents

     21-3  
 

21.4

  

Basis of Capital Cost Estimate

     21-3  
    

21.4.1

  

Direct Costs

     21-3  
    

21.4.2

  

Indirect Costs

     21-5  
    

21.4.3

  

Owner’s Costs

     21-5  
    

21.4.4

  

Contingency

     21-5  
    

21.4.5

  

Exclusions

     21-6  
 

21.5

  

Sustaining Capital Costs

     21-6  
 

21.6

  

Operating Costs

     21-7  
    

21.6.1

  

Operating Cost Summary

     21-7  
    

21.6.2

  

Mining Operating Cost Estimate

     21-8  
    

21.6.3

  

Process Operating Cost Estimate

     21-8  
    

21.6.4

  

General and Administration

     21-9  
 

21.7

  

Reclamation and Closure Costs

     21-10  

22.0

 

ECONOMIC ANALYSIS

     22-1  
 

22.1

  

Forward-looking Information

     22-1  
 

22.2

  

Valuation Methodology

     22-1  
 

22.3

  

Basis of Analysis

     22-2  
    

22.3.1

  

Metal Pricing

     22-2  
    

22.3.2

  

Exchange Rate

     22-2  
    

22.3.3

  

Transport, Insurance and Refining

     22-2  
    

22.3.4

  

Working Capital

     22-3  
    

22.3.5

  

Royalties

     22-3  
    

22.3.6

  

Tax

     22-3  
    

22.3.7

  

Financing

     22-4  
    

22.3.8

  

Inflation

     22-4  
 

22.4

  

Economic Analysis Results

     22-4  
 

22.5

  

Sensitivity Analysis

     22-7  
 

22.6

  

Comments

     22-7  

23.0

 

ADJACENT PROPERTIES

     23-1  

24.0

 

OTHER RELEVANT DATA AND INFORMATION

     24-1  

25.0

 

INTERPRETATION AND CONCLUSIONS

     25-1  
 

25.1

  

Summary

     25-1  

 

Project No.: 191659

8 June 2017

  Page vii  


IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

 

25.2

  

Mineral Tenure, Surface Rights and Royalties

     25-1  
 

25.3

  

Exploration

     25-1  
 

25.4

  

Geology and Mineralization

     25-2  
 

25.5

  

Drilling

     25-2  
 

25.6

  

Sampling and Assaying

     25-2  
 

25.7

  

Data Verification

     25-2  
 

25.8

  

Metallurgical Testwork

     25-2  
 

25.9

  

Mineral Resource Estimation

     25-3  
 

25.10

  

Mine Planning

     25-3  
 

25.11

  

Recovery Plan

     25-4  
 

25.12

  

Infrastructure

     25-4  
 

25.13

  

Marketing

     25-4  
 

25.14

  

Environmental, Permitting and Social Licence

     25-5  
 

25.15

  

Capital Costs

     25-5  
 

25.16

  

Operating Costs

     25-5  
 

25.17

  

Financial Analysis

     25-6  
 

25.18

  

Risk Analysis

     25-6  
    

25.18.1

  

Resource Estimates

     25-6  
    

25.18.2

  

Mine Design

     25-6  
    

25.18.3

  

Process Design

     25-6  
    

25.18.4

  

Other Risks

     25-7  
 

25.19

  

Conclusions

     25-7  

26.0

 

RECOMMENDATIONS

     26-1  
 

26.1

  

Summary

     26-1  
 

26.2

  

Sample Preparation, Analysis and Security

     26-3  
 

26.3

  

Metallurgical Testwork

     26-3  
 

26.4

  

Mineral Resource Estimate

     26-3  
 

26.5

  

Mining Methods

     26-4  
    

26.5.1

  

Geotechnical

     26-4  
    

26.5.2

  

Suitability of Resource Estimate to Support Mine Plan

     26-4  
    

26.5.3

  

Mine Planning

     26-5  
 

26.6

  

Infrastructure

     26-5  
    

26.6.1

  

General

     26-5  
    

26.6.2

  

Tailings and Water Management

     26-6  
    

26.6.3

  

Electrical Power Supply

     26-7  
    

26.6.4

  

Infrastructure Claims and Leases

     26-7  
 

26.7

  

Environmental

     26-8  
 

26.8

  

Summary

     26-8  

27.0

 

GLOSSARY

     27-1  
 

Abbreviations and Acronyms

     27-1  
 

Units of Measure

     27-3  

28.0

 

REFERENCES

     28-1  

 

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IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

TABLES

 

 

Table 1-1:

 

Key Outcomes

     1-1  

Table 1-2:

 

Summary of Mineral Resources – May 26, 2017

     1-8  

Table 1-3:

 

Mineral Reserve Estimate – May 26, 2017

     1-9  

Table 1-4:

 

Initial Capital Cost Estimate Summary

     1-15  

Table 4-1:

 

Chester 1 (Murgold-Chesbar) Leases Surface and Mineral Rights Ownership – Trelawney 70% and Treelawn Capital Corp. 30%

     4-9  

Table 4-2:

 

Chester 2 List of Patented and Staked Claims (These claims cover the southern part of the Côté Gold deposit and its northeast and southwest geological extensions) Ownership – Trelawney 92.5%, Treelawn Investment Corp. 7.5%

     4-11  

Table 4-3:

 

Chester 3 (Emerald Isle) (These claims cover the northern part of the Côté Gold deposit) Ownership – Trelawney 92.5%, Treelawn Group Inc. 7.5% NPI

     4-13  

Table 4-4:

 

Chester 3 (Claims surrounding Chester 1) (These claims are adjacent to north, east and south of CLM 270 of Chester 1) Ownership – Trelawney 55.5%, Ontario 986813 Ltd 40%, Treelawn Group 4.5%

     4-14  

Table 4-4a:

 

Ownership – Treelawney 92.5%, Treelawn Group 7.5%—Patents – Surface and Mineral Rights

     4-15  

Table 4-4b:

 

Ownership – Treelawney 69.375%, Canorth* 25%, Treelawn Group 5.625%—Patents

     4-15  

Table 4-4c:

 

Ownership – Treelawney 55.5%, Murgold* 40%, Treelawn Group 4.5%—Patents & Lease

     4-16  

Table 4-5:

 

Jack Rabbit Group – Chester 3

     4-16  

Table 4-6:

 

Crown Minerals Purchase Agreement

     4-17  

Table 4-7:

 

Trelawney Mining and Exploration Property Claims

     4-18  

Table 4-8:

 

Ontario 986813 Property Claims

     4-19  

Table 4-9:

 

Trelawney Augen Acquisition Corp. Property Claims

     4-22  

Table 4-10:

 

Trelawney Augen Acquisition Corp. Property Surveyed Claims

     4-22  

Table 4-11:

 

Goldon Swayze Properties Claims

     4-24  

Table 6-1:

 

Chester Property Diamond Drilling 1987 to 1990

     6-3  

Table 6-2:

 

Summary of Exploration Work, TAAC East, 2007 to 2011

     6-8  

Table 6-3:

 

Summary of Historical Exploration TAAC West Property, 2007-2011

     6-12  

Table 10-1:

 

Côté Gold Deposit Drilling by Year

     10-1  

Table 11-1:

 

CRM Samples Used Before 2015

     11-4  

Table 11-2:

 

CRM Samples Used in 2015

     11-5  

Table 11-3:

 

Blank Samples

     11-5  

Table 13-1:

 

Testwork Programs—Grinding

     13-2  

Table 13-2:

 

Testwork Programs—Metallurgy

     13-2  

Table 13-3:

 

Lithological Codes Selected for 2012 Variability Program

     13-4  

Table 13-4:

 

2016 Lithology and Alteration Prevalence within the Modelled Mineralized Zones

     13-6  

Table 13-5:

 

Chemical Content Data for Composites 1 and 2

     13-8  

Table 13-6:

 

Mineral Composition in Composites 1 and 2

     13-8  

Table 13-7:

 

Master Composites A & B

     13-9  

 

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Table 13-8:

 

Composition of Mineralogy Composite (Project 13345-001)

     13-9  

Table 13-9:

 

Gold Mineral Abundance – Mineralogy Composite

     13-9  

Table 13-10:

 

Comminution Parameters – Summary of Ore Hardness Statistics

     13-12  

Table 13-11:

 

Crusher Work Index (2017 COREM Testwork)

     13-13  

Table 13-12:

 

SMC Test Results – T2127 COREM

     13-14  

Table 13-13:

 

Overall Extended GRG Test Results

     13-17  

Table 13-14:

 

General Conditions for WOL Tests

     13-18  

Table 13-15:

 

General Conditions for Gravity Tailings Cyanidation Tests

     13-18  

Table 13-16:

 

Reagents Consumption on Gravity Tailings Leach – Composite A

     13-22  

Table 13-17:

 

Reagents Consumption on Gravity Tailings Leach—Optimization

     13-23  

Table 13-18:

 

SO2/Air Continuous Optimum Results – 2 ppm CNT Treatment Target

     13-24  

Table 14-1:

 

Summary of Mineral Resources – May 26, 2017 IAMGOLD Corporation – Côté Gold Project

     14-1  

Table 14-2:

 

Gold Capping by Domain

     14-8  

Table 14-3:

 

Resource Assays Descriptive Statistics

     14-8  

Table 14-4:

 

Resource Composites Descriptive Statistics

     14-9  

Table 14-5:

 

Density Statistics by Lithology

     14-15  

Table 14-6:

 

Block Model Properties

     14-16  

Table 14-7:

 

Sample Selection and Interpolation Parameters

     14-17  

Table 14-8:

 

In-Pit Indicated Resources Sensitivity to Cut Off Grade

     14-24  

Table 14-9:

 

Comparison with Previous Mineral Resource Estimates

     14-25  

Table 15-1:

 

Optimization Inputs

     15-1  

Table 15-2:

 

Mineral Reserve Statement – May 26, 2017

     15-6  

Table 16-1:

 

Mine Design Parameters

     16-1  

Table 16-2:

 

Production Schedule

     16-6  

Table 16-3:

 

Gross Operating Hours per Year

     16-9  

Table 16-4:

 

Productive Utilization Ramp-up

     16-9  

Table 16-5:

 

Equipment Utilization and Efficiency

     16-10  

Table 16-6:

 

Blasting Design Input

     16-11  

Table 16-7:

 

Blast Designs

     16-11  

Table 16-8:

 

Rock Type Weight and UCS

     16-12  

Table 16-9:

 

PV271 Drill Penetration Rates

     16-12  

Table 16-10:

 

Drill Requirements and Performance

     16-13  

Table 16-11:

 

Truck Requirements & Productivity Statistics

     16-15  

Table 16-12:

 

Support Equipment

     16-17  

Table 16-13:

 

Auxiliary Equipment

     16-17  

Table 16-14:

 

Pit Inflows

     16-18  

Table 17-1:

 

Process Design Criteria

     17-3  

Table 17-2:

 

Summary of Unit Operations

     17-7  

Table 17-3:

 

Major Comminution Equipment Parameters

     17-9  

Table 18-1:

 

Regulations and Guidelines

     18-12  

 

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8 June 2017

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Table 18-2:

 

Summary of Tailings Management Facility Quantity Estimates

     18-13  

Table 18-3:

 

Power Utilization Voltages

     18-15  

Table 20-1:

 

Expected Additional Provincial Environmental Approvals

     20-3  

Table 20-2:

 

Stakeholders

     20-4  

Table 21-1:

 

Initial Capital Cost Estimate Summary

     21-1  

Table 21-2:

 

Scope of Estimate by WBS

     21-2  

Table 21-3:

 

Construction Indirects

     21-5  

Table 21-4:

 

Sustaining Costs

     21-7  

Table 21-5:

 

Total Operating Costs over Life of Project

     21-7  

Table 21-6:

 

Average Unit Operating Costs

     21-7  

Table 21-7:

 

Average Mining Operating Costs

     21-8  

Table 21-8:

 

Average Processing Costs

     21-8  

Table 21-9:

 

General and Administration Cost Estimates

     21-10  

Table 22-1:

 

Summary – Financial Results

     22-4  

Table 22-2:

 

Financial Model

     22-6  

Table 26-1:

 

Recommended Work Program

     26-1  

Table 26-2:

 

Cost Estimates – PF Preparatory Work

     26-8  

FIGURES

 

 

Figure 1-1:

 

Project Location

     1-3  

Figure 1-2:

 

Property Geology

     1-6  

Figure 1-3:

 

Process Flow Diagram

     1-11  

Figure 1-4:

 

Site General Layout (AMECFW – May 2017)

     1-13  

Figure 4-1:

 

Project Location (RPA, 2012)

     4-2  

Figure 4-2:

 

Property Group Map (December, 2016)

     4-3  

Figure 4-3:

 

Chester Property Map (March, 2011)

     4-6  

Figure 4-4:

 

Chester Property Claim Map (December, 2010)

     4-8  

Figure 7-1:

 

Simplified Geology Map of the Abitibi Subprovince (Dubé et al. 2007)

     7-2  

Figure 7-2:

 

Regional Geology of Swayze Belt

     7-4  

Figure 7-3:

 

South Swayze Greenstone Belt Rock Type (December 2016)

     7-5  

Figure 7-4:

 

Chester Property Geology

     7-7  

Figure 7-5:

 

Côté Deposit Geology

     7-9  

Figure 7-6:

 

Compositional, Textural, and Metal Zonation of the Magmatic-Hydrothermal Breccia Body, IAMGOLD

     7-13  

Figure 7-7:

 

Sericite Alteration – Skidder Outcrop (November 2014)

     7-17  

Figure 7-8:

 

Silica-Sodic Alteration – Skidder Outcrop (November, 2014)

     7-19  

Figure 8-1:

 

Representation of a Simple Porphyry Copper System on the Boundary between the Volcanica and Plutonic Environments

     8-2  

Figure 9-1:

 

Chester Area Gold Zones (IAMGOLD, 2016)

     9-3  

Figure 9-2:

 

Clam Lake Geology and Gold Zones (IAMGOLD, 2016)

     9-4  

Figure 9-3:

 

Jack Rabbit Geology and Au-Bearing Mineralized Zones (IAMGOLD, 2016)

     9-6  

 

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IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Figure 9-4:

 

Exploration on Other Chester Area Properties (IAMGOLD, 2016)

     9-7  

Figure 9-5:

 

TME / Arimathaea East and Sheridan Area Property Locations (IAMGOLD, 2016)

     9-9  

Figure 9-6:

 

TAAC West Project Locations (IAMGOLD, 2016)

     9-11  

Figure 10-1:

 

Côté Gold Drilling by Year

     10-3  

Figure 11-1:

 

Blank Assay Results

     11-6  

Figure 11-2:

 

Pulp Check Assays Before 2015

     11-7  

Figure 11-3:

 

Pulp Check Assays Hard Plot for Samples Before 2015

     11-8  

Figure 11-4:

 

Pulp Check Assays in 2015

     11-9  

Figure 11-5:

 

Pulp Check Assays Hard Plot for 2015

     11-10  

Figure 13-1:

 

Metallurgical and Comminution Composites Spatial Location

     13-5  

Figure 13-2:

 

Plan View– 2017 Metallurgical Drill Holes Location

     13-6  

Figure 13-3:

 

Section Looking North – Interval Location

     13-7  

Figure 13-4:

 

Overall Gold Distribution by Association

     13-10  

Figure 13-5:

 

Mineralogical Characterization – Gold Minerals Particle Size Distribution (by Frequency)

     13-11  

Figure 13-6:

 

Histogram for A x b

     13-12  

Figure 13-7:

 

HPGR Recycle Test Particle Size Distribution

     13-15  

Figure 13-8:

 

Histogram of UBC Piston Press Test Variability

     13-16  

Figure 13-9:

 

Cumulative Three Stage GRG as a Function of Particle Size

     13-17  

Figure 13-10:

 

Effect of Head Grade on Leach Recovery

     13-19  

Figure 13-11:

 

Effect of Grind Size, WOL vs. Gravity Tailings – 48-hr Leach

     13-20  

Figure 13-12:

 

Effect of Grind Size, HPGR Product vs Lab Product at 30-hr Leach

     13-21  

Figure 13-13:

 

Cumulative Gold Leach Extraction by Cyanide Dosage – Gravity Tailings

     13-22  

Figure 13-14:

 

Aeration Kinetic Curves

     13-23  

Figure 13-15:

 

Process Flow Diagram for Gravity Tailings Leach

     13-25  

Figure 13-16:

 

Assayed vs. Calculated Gold Head Grade—Variability Samples

     13-26  

Figure 13-17:

 

Variability Samples – Au Recovery vs. Grind by Lithology

     13-26  

Figure 13-18:

 

Grind vs. Recovery Curve

     13-27  

Figure 14-1:

 

Côté Gold – 3D View of Côté Gold Domains

     14-4  

Figure 14-2:

 

Côté Gold – Geological Cross Section 9,050E Looking West

     14-5  

Figure 14-3:

 

Côté Gold – Sample Length Histogram

     14-7  

Figure 14-4:

 

Contact Profile – North Breccia Versus Low Grade

     14-10  

Figure 14-5:

 

Contact Profile – North Non-Diorite Breccia Versus North Diorite Breccia

     14-11  

Figure 14-6:

 

Breccia N Downhole Variogram

     14-12  

Figure 14-7:

 

Breccia N Omni-Directional Variogram

     14-13  

Figure 14-8:

 

Higher Grade Shoots in Breccia Domains

     14-14  

Figure 14-9:

 

Cross Section 9,050E Looking West – Gold Grades

     14-18  

Figure 14-10:

 

275 M Plan View – Gold Grades

     14-19  

Figure 14-11:

 

Swath Plot For Indicated Material

     14-20  

Figure 14-12:

 

In-Pit Indicated Material

     14-22  

Figure 14-13:

 

Côté Gold – In-Pit Indicated Grade-Tonnage Curves

     14-23  

Figure 15-1:

 

Pit-by-Pit Analysis

     15-3  

Figure 15-2:

 

Selected Pit Shell

     15-3  

 

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Figure 15-3:

 

Contact Dilution Estimation Procedure

     15-5  

Figure 16-1:

 

Ultimate Pit Design

     16-2  

Figure 16-2:

 

Section 1 Showing Mine Design and Selected Pit Shell

     16-2  

Figure 16-3:

 

Section 2 Showing Mine Design and Selected Pit Shell

     16-3  

Figure 16-4:

 

Waste Rock Facilities

     16-4  

Figure 16-5:

 

Ore Stockpiles

     16-5  

Figure 16-6:

 

Production Schedule

     16-7  

Figure 16-7:

 

Scheduled Feed Grade

     16-7  

Figure 16-8:

 

Stockpile Balance

     16-8  

Figure 17-1:

 

Overall Process Flow Diagram

     17-6  

Figure 17-2:

 

Grinding Circuit Flowsheet

     17-10  

Figure 17-3:

 

Stripping and Electrowinning Circuit Flowsheet

     17-13  

Figure 18-1:

 

Site Layout

     18-2  

Figure 18-2:

 

Plant Site Layout

     18-3  

Figure 18-3:

 

Overall Site Water Management Plan

     18-7  

Figure 18-4:

 

General Design Layout of the Tailings Management Facility

     18-10  

Figure 18-5:

 

Progression of Côté TMF Development

     18-11  

Figure 22-1:

 

NPV Sensitivity Analysis

     22-7  

 

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IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

1.0

EXECUTIVE SUMMARY

 

1.1

Introduction

IAMGOLD Corporation (IAMGOLD), Amec Foster Wheeler Americas Limited (Amec Foster Wheeler) and Roscoe Postle Associates Inc. (RPA) jointly completed a Prefeasibility Study (PFS) on IAMGOLD’S Côté Gold Project (the Project), an advanced stage exploration project located approximately 125 km southwest of Timmins, Ontario, Canada.

IAMGOLD is using the PFS to identify the preferred development option to demonstrate economic viability of the Project to support Mineral Reserve disclosure, and to identify additional work necessary to complete more advanced studies. This NI 43-101 Technical Report (the Report) was prepared as a summary of the PFS, and to support IAMGOLD’s disclosure of the results.

 

1.2

Key Outcomes

The key outcomes of the PFS are summarized in Table 1-1.

Table 1-1: Key Outcomes

 

Pre-Tax NPV (5%) (3)

     US$1,063 M  

After-Tax NPV (5%) (3)

     US$703 M  

After-Tax IRR (3)

     14.0

After-Tax payback period (after start of production)

     4.5 years  

Gold Price (assumed for economic analysis)

     US$1,250/oz  

Initial Capital Expenditures

     US$1,047 M  

Sum of Financing for initial Capital Leases (2)

     US$116 M  

Sustaining Capital Expenditures

     US$418 M  

Reclamation and Closure Costs

     US$40 M  

Total Gold Produced

     5.436 M oz  

Total Cash Costs (4)

     US$605/oz Au  

All-in Sustaining Costs (5)

     US$689/oz Au  

Nominal Mill Capacity

     32,000 t/d  

Proven and Probable Mineral Reserves

     196 Mt at 0.94 g/t Au  

Mine Life (including stockpile reclaim)

     17 years  

Notes:

 

1.

The above results of the PFS represent forward-looking information, and are based on a number of estimates and assumptions and actual results may vary. Assumptions used to develop the forward-looking information are presented in the relevant sections of the Report.

2.

Represents the amount of deferred payment associated with capital leasing for mobile equipment and large process equipment. Initial capital expenditures added

 

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

  to sum of financing for capital leases equals the total estimated capex in that section of the NI 43-101 report.

3.

NPV = net present value; IRR – internal rate of return.

4.

Total cash costs are derived from mining, processing, on-site G&A, refining, doré transportation and insurance, royalties and provincial mining tax costs per ounce payable.

5.

All-in sustaining costs are derived from total cash costs plus sustaining capital (including interest on capital leases), and reclamation and remediation costs. It does not include corporate costs not directly associated with the Côté Gold Project.

 

1.3

Property Description and Location

The IAMGOLD properties that comprise the Côté Gold Project consist of a collection of properties assembled through staking and various option agreements. IAMGOLD owns 92.5% of the Project.

The properties, which cover an area of approximately 521 km2, are located approximately 175 km north of Sudbury and 125 km southwest of Timmins. This area is in the Porcupine Mining Division.

The Chester property is located in the central part of the Project area and hosts the Côté Gold deposit, as well as the Chester 1 zone and several other gold occurrences. The Chester property is subject to a number of agreements.

There are no known environmental liabilities associated with the Project, other than those that would normally be expected as a result of historical mining activities and associated historical mine workings.

 

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Figure 1-1: Project Location

 

LOGO

 

1.4

Accessibility, Climate, Infrastructure and Physiography

From Timmins, the site is accessed by Highway 101, Highway 144, and the Sultan Industrial Road, which runs east-west along and below the southern part of the Project area.

The nearby town of Gogama is on a Canadian National Railway Company’s (CN Rail) line, is connected to the regional power grid, but has few resources related to exploration and mining. Resources are however readily available in nearby Timmins and Sudbury.

The Project area experiences cold winters (-10°C to 35ºC) and warm summers (+10°C to +35°C). Winter conditions can be expected from late October to early April. Precipitation averages 80 cm a year, with a substantial portion falling as snow, and averaging 2.4 m per year.

The topography is gently rolling, with high points seldom exceeding 50 m above local lake levels. Elevations on the property are generally between 380 and 400 masl.

 

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

1.5

History

Prospecting and exploration activity in the Project area began around 1900, and has continued sporadically to the present time.

Activity was fairly intense through to the early 1940s, with a significant amount of prospecting and trenching plus the sinking of a few shallow shafts and some resultant, very minor, production. Through to the late 1960s, there was little or no work performed.

From the early 1970s to about 1990, there was a great deal of surface work, along with some limited underground investigations. Since that time, fragmented property ownership has precluded any major work programs. With Trelawney Mining and Exploration Inc (Trelawney, a subsidiary of IAMGOLD) consolidating its control of the group of properties comprising the Chester Property in 2009, it became possible to reappraise the potential of several interesting gold prospects. A Preliminary Economic Analysis on the Côté project was conducted in 2016 and a 43-101 report of the findings of this analysis was disclosed by IAMGOLD in February 2017.

 

1.6

Geological Setting and Mineralization

The Project area is in the Swayze greenstone belt in the southwestern extension of the Abitibi greenstone belt of the Superior Province.

The area within the pit shell hosts poor to fair rock exposure, with varying amounts of overburden with thickness averaging a few meters.

Geology within the planned pit consists of a series of irregular diorite domains trending ENE-WSW, 20 m to 200 m in width and 100 m to 1,000 m in length at surface, hosted within an encompassing tonalite body. The main magmatic-hydrothermal breccia body sits in the south central portion of the pit, and is poorly exposed at surface. It extends approximately 900 m by 400 m, trends NE-SW, and dips steeply to the NW.

The deposit is characterized by trace to 1% disseminated sulphide, representing a large, low-grade, mineralized envelope upgraded by low- to moderate-grade mineralization carried by the cross-cutting hydrothermal system, and further enriched by later low- to high-grade vein-hosted mineralization.

 

1.7

Deposit Type

The Côté gold deposit is a new Archean low-grade, high-tonnage gold (± copper) discovery. It is described as a synvolcanic intrusion related and stockwork-disseminated gold deposit, and appears to correspond to the porphyry style.

 

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Zones of mineralization are centered on a multiphase magmatic-hydrothermal breccia, including a mineralized Au-Cu±Mo±Ag hydrothermal breccia that intrudes tonalitic (transitional to calc-alkaline) and dioritic (tholeiitic) phases of the Chester Intrusive Complex (CIC). The magmatic-hydrothermal breccia is overprinted by several zones of hydrothermal alteration associated with mineralization. The age of this syn-volcanic-hydrothermal system is about 2.75 billion years.

 

1.8

Exploration

Exploration activities on the Swayze properties focused on areas generally outside the Project, as part of a multi-year exploration program begun in 2013. Numerous gold showings are documented both within the host CIC and in the enclosing volcanic/sedimentary units of the South Swayze greenstone belt. Regional exploration work has been completed to evaluate many of the highest-priority targets, and to test for higher-grade mineralization.

 

1.9

Drilling and Sampling

Diamond drilling has been focused largely on exploration and delineation of the Côté gold deposit, coupled with geotechnical, metallurgical, and condemnation drilling component. From 2009 to 2015, a total of 273,485 m has been drilled on the Côté gold deposit. Drill core is stored at the Project site, as well as laboratory rejects and pulps.

The mineralized and barren core is generally very competent. Overall, IAMGOLD estimates 99% core recovery. Due to the high rate of core recovery within the mineralized zone, assays are considered to be reliable.

 

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IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

Figure 1-2: Property Geology

 

LOGO

 

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CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

 

1.10

Data Verification

From 2011 to 2013, RPA conducted independent checks of deposit logging and sampling procedures. In December 2014, InnovExplo independently validated the entire assay database against laboratory certificates.

Some of the Qualified Persons (QPs) from IAMGOLD and Amec Foster Wheeler made site visits and conducted reviews of existing testwork and sample databases.

 

1.11

Metallurgical and Processing

The material drilled and sampled for the 2017 HPGR pilot plant program indicated that the HPGR would perform well. In addition to handling the very hard material, the product produced by the HPGR also had poor cake cohesion which is positive for downstream screening. However the material is high in abrasivity and care will be necessary to optimize wear surfaces and materials handling design. The HPGR circuit is the most capital-effective choice between HPGR and SAG. In the next stage of the study, the HPGR will be tested to further evaluate variability across the deposit.

The Côté mineralization is free-milling (non-refractory). A portion of the gold liberates during grinding and is amenable to gravity concentration and the response to gravity and leaching is relatively consistent across head grades. Therefore, the lower-grade gold material is expected to exhibit the same level of metal extraction.

Individual lithologies follow the general trends for grind size sensitivity and cyanide consumption.

Overall recovery is estimated at 91.8% for the processing of 32,000 tpd using the proposed flowsheet.

Cyanide and lime consumptions are quite low in comparison to what is typically seen in the industry which reflects the lack of cyanicides and other cyanide consumers. Lime consumption is also positively impacted by the basic nature of the ore.

Metal dissolution during cyanide leaching was found to be low, and there are no obvious concerns with deleterious elements.

 

1.12

Mineral Resource Estimate

RPA prepared an updated resource estimate for the Côté Gold Project as of May 26, 2017. The current Mineral Resource estimate is based on open pit mining methods and includes 281.2 Mt at an average grade of 0.89 g/t Au, containing 8.04 Moz in the Indicated category. There is an additional 76.5 Mt at an average grade of 0.50 g/t Au, containing 1.23 Moz in the Inferred category.

 

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This Mineral Resource estimate was completed using Geovia GEMS 6.7 software. A 3D geological model was built and used to constrain and populate a resource block model. The estimate was based on the inverse distance cubed (ID3) interpolation method. The Mineral Resource is reported at a cut-off grade of 0.3 g/t Au and at a gold price of US$1,500 per ounce. High grade gold assays were capped at grades ranging from 6 g/t to 40 g/t depending on domain. The Mineral Resource estimate as reported in Table 1-2 was constrained by a preliminary pit optimization shell.

RPA is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimate.

Table 1-2: Summary of Mineral Resources – May 26, 2017

 

Category

   Tonnage
(000 t)
     Grade
(g/t Au)
     Contained Metal
(000 oz Au)
 

Indicated

     281,171        0.89        8,037  

Inferred

     76,471        0.50        1,231  

Notes:

 

1.

CIM definitions were followed for Mineral Resources.

2.

Mineral Resources are estimated at a block cut-off grade of 0.3 g/t Au.

3.

Mineral Resources are estimated using a long-term gold price of US$1,500 per ounce, and a US$/C$ exchange rate of 1/1.25.

4.

Bulk density varies from 2.69 t/m3 for tonalite to 2.75 t/m3 for diorite, and 2.93 t/m3 for diabase.

 

1.13

Mining Methods

The Côté Gold Project is designed as a conventional truck and shovel operation assuming 220 t trucks and 34 m3 shovels. The pit design includes four nested phases to balance stripping requirements while satisfying the processing plant requirements.

The design parameters include a ramp width of 35 m, road grades of 10%, bench height of 12 m, targeted mining width of 100 m, berm interval of 24 m, variable slope angles by sector and a minimum mining width of 40 m.

The smoothed final pit design contains approximately 196 Mt of ore at 0.94 g/t Au, and 559 Mt of waste for a resulting stripping ratio of 2.85:1. These tonnages and grades were derived by following an elevated cut-off strategy in the production schedule. The Mineral Reserve estimate is shown in Table 1-3.

 

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Table 1-3: Mineral Reserve Estimate – May 26, 2017

 

     Tonnage      Gold  

Class

   t x 1000      g/t      ounces x 1000  

Proven Reserves

     —          —          —    

Probable Reserves

     196,079        0.94        5,926  

Proven & Probable Reserves

     196,079        0.94        5,926  

Waste within Designed Pit

     559,155        

Total Tonnage within Designed Pit

     755,234        

Notes:

 

(1)

Reserve estimates assume open pit mining methods

(2)

Reserves are based on gold price of US$1200/oz

(3)

Fixed process recovery of 92.5%

(4)

Treatment and refining costs, including transport and selling cost, estimated to be US$4.00/oz Au.

(5)

Variable royalty percentages by zone: 0.75% for zone 1, 1.00% for zone 2, 0.00% for zone 3, 1.50% for zone 4, 0.75% for zone 5, 1.50% for zone 6, 0.75% for zone 7, and 0.75% for zone 8. Only zones 2, 3, 5 and 6 have Mineral Reserves.

(6)

Processing costs: US$8.77/t. Include process cost: US$6.58/t, G&A: US$1.45/t, Sustaining: US$0.57/t, Closure: US$0.18/t.

(7)

Mining costs: US$1.93/t incremented at US$0.035/t/ 12m below 388m elevation. Average mining cost: US$2.39/t. Rehandling cost US$0.84/t.

(8)

The break-even cut-off grade varies according to the pit bench depth and the royalty zone, within a range of 0.30 to 0.37 g/t.

The scheduling constraints set the maximum mining capacity at 60 Mt/year and the maximum process capacity at 32 kt/day. The production schedule results in a life of mine (LOM) of 16 years with stockpile reclaim extending into Year 17. The mine will require one year of preproduction before the start of operations in the processing plant. Although the mine requires one year of pre-stripping, mining starts in year -2 to provide material for the tailings management facility (TMF) construction.

 

1.14

Recovery Methods

HPGR testwork at the pilot plant scale has shown that the material is amenable to this form of comminution and subsequent screening. The HPGR approach shows an indication there will be a recovery benefit in the cyanidation of the material from micro-cracking. The mineralization also shows that cyanidation followed by carbon-in-pulp is a robust method to achieve gold recovery.

The process circuits (see Figure 1-3) will include primary crushing, secondary crushing, HPGR, ball milling, gravity concentration and cyanide leaching, followed by gold recovery by carbon-in-pulp (CIP), and stripping and electrowinning (EW). Tailings handling will incorporate cyanide destruction and tailings thickening.

 

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Plant throughput will be 32,000 tpd at a plant availability of 94%. It is expected that a ramp-up period of three to four months will be required to reach the design throughput. Recovery is forecast at 91.8%.

 

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Figure 1-3: Process Flow Diagram

 

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1.15

Project Infrastructure

The infrastructure required for the Côté Gold Project will include:

 

 

 

Watercourse realignment dams and channels

 

 

 

a New Lake to be created to compensate the loss of Côté Lake

 

 

 

a tailings management facility (TMF)

 

 

 

storm / mine water, polishing and tailings reclaim ponds

 

 

 

collection, surplus water discharge, and dispersion systems

 

 

 

a permanent camp

 

 

 

an emulsion plant

 

 

 

site power supply and distribution

 

 

 

workshop, offices, facilities and other services

 

 

 

a 12 km, two-lane gravel access road from the nearest highway

 

 

 

an upgraded existing transmission line from Timmins to Shining Tree Junction and a new 44 km-long 115 kV electrical power transmission line from Shining Tree Junction to the project site.

The proposed site layout is shown in Figure 1-4.

 

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Figure 1-4: Site General Layout (AMECFW – May 2017)

 

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1.16

Market Studies and Contracts

Gold doré bullion is typically sold through commercial banks and metals traders with sales price obtained from the World Spot or London fixes. These contracts are easily transacted, and standard terms apply. IAMGOLD expects that the terms of any sales contracts would be typical of, and consistent with, standard industry practices, and would be similar to contracts for the supply of gold doré elsewhere in Canada. IAMGOLD has received indicative pricing for refining arrangements with the Royal Canadian Mint in Ottawa, Canada. Limited additional effort is required to develop the doré marketing strategy.

 

1.17

Environmental Studies, Permitting & Social or Community Impact

Amec Foster Wheeler and other consultants conducted environmental baseline studies on the Côté Gold property to characterize the physical, biological, and human environment.

In January 2017, IAMGOLD received provincial ministerial approval of the 2015 Environmental Assessment (EA) for the Project, as envisaged at that time, which is not substantially different from the configuration described in this PFS. The EA states that no significant effects are anticipated after the application of the proposed mitigation measures.

The Federal Minister of the Environment also stated in April 2016 that the Project is not likely to cause significant adverse environmental effects.

IAMGOLD is proceeding with additional baseline studies, on the Côté Gold property that was most recently acquired, to infill the physical, biological and human environment characterizations conducted previously. This additional baseline data, together with design information for the PFS site configuration, will be used to update the Environmental Effects Review (EER) for the Project, for submission to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) in Autumn 2017, thus informing the regulatory agencies of changes/improvements to the EA.

Upon federal and provincial approval of the updated EER, a number of provincial environmental approvals will be required to construct and operate the Project, but are not anticipated to pose any significant challenges to Project development.

Potential benefits of the Côté Gold Project are expected to include employment and business opportunities, as well as tax revenues at all levels of government.

 

1.18

Capital and Operating Costs

This PFS-level estimate addresses the scope of the Côté Gold Project’s mine, process facilities and ancillary buildings, and includes:

 

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direct field costs of executing the project including construction, installation and commissioning of all structures, utilities, materials, and equipment

 

 

 

indirect costs associated with design, construction and commissioning

 

 

 

provisions for contingency and Owner’s costs.

This estimate was prepared in accordance with the American Association of Cost Engineers (AACE) Class 4 Estimate with an expected accuracy of +25%/-20% of the final Project cost.

Cost estimates are expressed in second-quarter 2017 US dollars with no allowances for escalation, currency fluctuation or interest during construction. Costs quoted in Canadian dollars were converted to US dollars at an exchange rate of C$1 = US$0.7692.

The Project’s initial capital cost, summarized in Table 1-4, is estimated to be US$1,163 M, inclusive of allowances for Owner’s costs and contingency of US$27 M and US$170 M, respectively.

Table 1-4: Initial Capital Cost Estimate Summary

 

Area

  

Description

   Cost,
US$ M
 

Direct Costs

     
  

Mining

     259  
  

On-Site Infrastructure

     135  
  

Processing Plant

     278  
  

Tailings & Water Management

     71  
  

Off-Site Facilities

     25  
     

 

 

 
  

Total Direct Costs

     768  
     

 

 

 

Indirect Costs

  
  

EPCM

     68  
  

Construction Indirects

     130  
  

Owner’s Costs

     27  
  

Contingency

     170  
     

 

 

 
  

Total Indirect Costs

     395  
     

 

 

 

Total Initial Capital Cost

     1,163  
  

 

 

 

Some of the larger capital expenditures are amenable to capital financing. The initial mining fleet and the largest process equipment, having an approximate initial capital cost of US$159 M, can be financed using capital lease agreements with vendors. Inclusive of a down-payment of 15—30% of the purchase value paid at placement of order, capital leases reduce the initial capital cost by approximately US$116 M, resulting in an initial capex of $1,047 M net of leasing.

 

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Sustaining costs (including capital leases and contingency) and operating costs (with no contingency) over the LOM are estimated to total US$418 M and US$3,025 M, respectively. Reclamation and closure costs are estimated at US$40 M towards the end of the project.

 

1.19

Economic Analysis

Using US$1,250/oz price for gold, an exchange rate of 1.30 USD/CAD and under the assumptions presented in this report, the Côté Gold Project demonstrates positive economics. After-tax NPV over the LOM is estimated to be US$703 M at a 5% discount rate, and after-tax IRR is 14.0%. The after-tax payback period of the initial capital investment is estimated at 4.5 years after the start of production.

In the pre-tax and after-tax evaluations, the Project is most sensitive to changes in gold price and gold head grade, and less sensitive to changes in exchange rate, operating costs and capital costs.

 

1.20

Adjacent Properties

There are no adjacent properties to describe in the context of the Côté Gold deposit.

 

1.21

Other Relevant Data and Information

There is no further relevant information to be provided.

 

1.22

Interpretations and Conclusions

Based on a PFS mine design, the Côté Gold Project shows a positive financial return, and supports the declaration of Mineral Reserves. The PFS identifies additional testwork and analyses required to support more advanced mining studies. The Report provides sufficient support to proceed with more detailed studies.

 

1.23

Recommendations

In preparation for the next mining study, Amec Foster Wheeler recommends performing the fieldwork, testing and analyses summarized in Table 1-5. The recommended work program can be completed as one work phase, and is not contingent on positive results from other work.

 

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Table 1-5: Recommended Work Program

 

Area

  

Description

Sample

Preparation,

Analysis and

Security

  

•    Use Nomograms prepared by AGORATEK (2017) and the various corresponding options to dimension the preparation optimally in a trade-off between costs and representativeness of assay results.

Drilling/

Resource Estimating

  

•    Strip, map, and channel sample new outcrops in strategic areas.

 

•    Take continuous channel samples from existing outcrop exposures and in multiple directions in some areas.

 

•    Build a structural model using the outcrop and drilling data.

 

•    Drill more holes in shallower areas with good potential for conversion to Indicated.

 

•    Use soft boundaries and new search ellipsoids for the Fault Domain where it is in direct contact with the Breccia N and S domains.

 

•    Investigate optimum grade control drilling procedures.

Metallurgical Sampling
and Testing

  

•    Test additional domain and point composites to address geometallurgical variability for both HPGR and cyanidation testwork.

 

•    Further testwork is required to optimize downstream conditions after HPGR processing.

 

•    Additional mineralogy is advised.

 

•    Additional Atwal or vendor specific wear testing is advised.

 

•    Bin flow testwork be performed.

•    Mining Methods

  

•    Perform a kinematic stability check of pit walls that have changed in orientation to confirm that initial recommendations are still valid.

 

•    Update and evaluate the kriged, or Inverse Distance Weighting, of the RQD data within the block model. Input the revised pit design into the block model and develop appropriate two dimensional cross sections through each sector of the proposed pit.

 

•    Determine appropriate rock mass strengths for each major rock type, and the faults using acceptable methods and apply to each rock type or RQD zone within the updated model.

 

•    Perform two dimensional limit equilibrium and or finite element (shear stress reduction) analyses to evaluate the slope stability factors of safety for the proposed overall slope angles of each sector of the pit.

 

•    Update and complete the pit design for the final pit based on the results obtained.

 

•    Begin mining with manned haulage and using a fleet management system (FMS). After the mine has achieved sustained planned production supplement FMS with other components of Automated Haulage System (AHS) with the goal of becoming fully autonomous.

 

•    Complete a trade-off analysis for contracting or owner performing the preproduction mining.

 

•    Assess owner maintenance versus a full or partial maintenance and repair contract (MARC).

 

•    Complete blast hole drilling tests to determine production drilling parameters. Engage a blasting consultant to perform tests on the rock to run a fragmentation simulation.

 

•    Continued investigation into mineralization controls including alteration and structural controls on mineralization and the relationship between the various breccia and alteration types and gold mineralization.

 

•    Completing a simulation on a much bigger area once domaining is improved,

 

 

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an area covering the first five years of production or more.

Infrastructure

  

•    Conduct a site specific seismic hazard assessment.

 

•    Install a weather station at the project site.

 

•    Commence a test pitting program associated with site infrastructure to confirm design assumptions prior to finalizing infrastructure layout.

 

•    Continue studies assocated with the project’s electrical power requirements including advancement of the System Impact Assessment.

 

•    Conduct additional LiDAR surveys.

 

•    Perform additional geotechnical field investigations to further characterize the site and support the feasibility design.

 

•    Conduct a focused field program to understand the two fault zones through the TMF.

 

•    Conduct a field investigation for a low permeability till borrow material source.

 

•    Conduct additional laboratory testwork to determine tailings properties to support design assumptions, TMF sizing and environmental impact.

 

•    Conduct a study for the TMF and water management systems to optimize the design and construction requirements for the dams and water channels including an analysis of stability, determine tailings liquefaction potential and foundation materials, seepage rates and water intake and effluent discharge locations.

 

•    Prepare a detailed hydrological analysis and water balance for the project.

 

•    Complete a Connection Cost Estimate Agreement with Hydro One to prepare a detailed estimate, which will take approximately 12 months and cost C$500k,and conduct a System Impact Assessment.

 

Infrastructure Claims and Leases

  

•    Obtain necessary leases and rights of way to support the project infrastructure requirements.

Environment

  

•    Update the current environmental baseline monitoring program to reflect recent layout changes.

 

•    Inform regulatory agencies of the changes and improvements relative to the EA submission.

 

•    Update and amend technical studies as needed to support permitting.

 

•    Prepare and submit required permit applications to allow sufficient time for regulator review/approval and commencement of required construction activities.

 

The total estimated cost for this work is C$13.62 M.

 

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2.0

INTRODUCTION

IAMGOLD Corporation (IAMGOLD), Amec Foster Wheeler Americas Limited (Amec Foster Wheeler) and Roscoe Postle Associates Inc. (RPA) jointly completed a Preliminary Feasibility Study (PFS) on IAMGOLD’S Côté Gold Project (the Project), which is an advanced stage exploration project situated near Gogama in the province of Ontario, approximately 125 km southwest of Timmins. This area is known as the Porcupine Mining Division.

 

2.1

Purpose of the Study

This NI 43-101 Technical Report (the Report) was prepared as a summary of the PFS, and to support IAMGOLD’s disclosure of the results of the PFS and the declaration of Mineral Reserves. IAMGOLD is using the PFS of the preferred development option of the Project to identify additional work necessary to complete more advanced mining studies including Feasibility.

 

2.2

Terms of Reference

IAMGOLD Qualified Persons (QPs) prepared or took responsibility for the sections of the Report on the property description and location, access, history, geological setting and mineralization, deposit type, exploration, tax information, and the summary, interpretations, conclusions, and recommendations that were based on those sections.

RPA QPs prepared or took responsibility for the sections of the Report on the drilling, sampling, data verification, Mineral Resource estimation, and the summary, interpretations, conclusions, and recommendations that were based on those sections.

Amec Foster Wheeler QPs prepared or took responsibility for the sections of the Report that included the introduction, reliance on other experts, mineral processing and metallurgical testing, Mineral Reserve estimation, mining and recovery methods, Mineral Reserves, Project infrastructure including tailings, marketing studies and contracts, environmental studies, capital and operating costs, economic analysis, and the summary, interpretations, conclusions, and recommendations from those sections.

Units of measurement used in this report conform to the metric system unless otherwise indicated. All currency in this Report is in US dollars (US$) unless otherwise stated.

 

2.3

Sources of Information

The key information sources for the Report are listed in Section 27. Additional information was provided by IAMGOLD staff to Amec Foster Wheeler staff as requested.

 

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2.4

Effective Dates

There are a number of cut-off dates for the information used in the Report:

 

 

 

Effective date of the Mineral Resource estimate: May 26, 2017,

 

 

 

Date of last supply of mineral tenure, surface rights, and property agreements: April 17, 2017,

 

 

 

Date of the most recent site visits to the property by Amec Foster Wheeler or RPA: May 19, 2017,

 

 

 

The effective date of the Report is determined to be May 26, 2017.

 

2.5

Personal Inspections

Dr. Bing Wang, P. Eng., visited the Côté Gold Project site on several occasions: May 16th, October 4th and 31st to November 4th, 2016 and April 13th and 14th, 2017. The following areas were inspected:

 

 

 

Property mineral lease boundaries,

 

 

 

Topography and geographical features – lakes, rivers, protected areas, etc.,

 

 

 

Prior mine excavations, select bedrock outcrop locations, depth of overburden,

 

 

 

Exploration drill sites and representative drill cores, potential for Acid Rock Drainage (ARD),

 

 

 

Proposed location of open-pit, mine rock area, mill feed stockpile, topsoil/overburden storage, tailings management facility, property access, mine facilities, utility corridors, water management structures.

Mr. Alan Smith, P. Geo, has made site visits to the Côté Gold Project and surrounding exploration projects between February 2013 and June 2017, the most recent site visit being May 29th to June 2nd, 2017, where the following areas were visited / inspected:

 

 

 

a review of current regional exploration programs and results; and

 

 

 

an inspection of the core farm, core shack, and specific outcrops of the Côté Gold Project.

Ms. Marie-France Bugnon, P.Geo., General Manager Exploration for IAMGOLD, has made site visits, exploration reviews and legal and claims updates to the Côté Gold Project between June 2012 and May 2017, the most recent site visit being on May 18th to 19th, 2017, where the following activities were reviewed and inspected:

 

 

 

2017 winter diamond drilling program results and observations for the King Errington and Weeduck Lake area of the Chester property, and the Monella Point target area of the TAAC West property;

 

 

 

Participation in a site visit with RPA geologists; and

 

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Status on legal and assessment work requirements for the maintenance of the Côté Gold district exploration properties portfolio and updates.

Ms. Debbie Dyck, P. Eng., has been involved in the Côté Gold Project baseline studies and EA process since 2012, and last visited the site on April 13th and 14th, 2017.

Mr. Luke Evans, M.Sc., P.Eng., RPA Principal Geologist and Executive Vice President, Geology and Mineral Resource Estimation and Mr. Tudorel Ciuculescu, M.Sc., P.Geo., RPA Senior Geologist, visited the Côté Gold site on May 18 and 19, 2017. RPA also carried out site visits on various occasions since 2007. The site visits from 2007 to 2012 are described in the 2012 RPA technical report.

Mr. Tony Lipiec, P. Eng., has been involved in supervising the Côté Gold testwork and has visited the laboratories performing the work. He visited the facilities at the University of British Columbia in Vancouver, Canada on January 16, 2017. He also visited and reviewed work peformed at COREM in Quebec City, Canada on March 9th and 10th, 2017.

Mr. Paul Baluch, P.Eng., visited the Côté Gold Project site on two occasions: October 04, 2016, and April 13-14, 2017. The following areas were inspected:

Existing project infrastructure such as the:

 

 

 

Access roads

 

 

 

Core shack area

 

 

 

Mesomikenda camp

 

 

 

Chester 1 site including the nearby Trelawney Aggregate Pit #1

 

 

 

Powerline corridor including Shiningtree substation area

Areas of the proposed project infrastructure such as the:

 

 

 

Permanent camp location

 

 

 

Emulsion plant location

 

 

 

Processing plant location including the truck shop and warehouse area, coarse ore stockpile and electrical substation area

 

 

 

Tailings management facility area

Topography and geographical features (water bodies, etc.)

 

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3.0

RELIANCE ON OTHER EXPERTS

 

3.1

Legal Information

Legal information on the Côté Gold Project, including a summary description of the mineral title, surface rights, property agreements, royalties and other encumbrances, has been provided by IAMGOLD.

 

3.2

Tax Information

The Amec Foster Wheeler QP has not independently reviewed the taxation information.

Amec Foster Wheeler have fully relied upon and disclaim responsibility for, tax information derived from IAMGOLD summarized in a letter titled “IMG Other Expert Reliance Areas_taxation-Cote Gold IAMGOLD_07_06_2017”, dated June 7, 2017 from Stephen Eddy on behalf of IAMGOLD.

This tax information was used in Section 22.

 

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4.0

PROPERTY DESCRIPTION AND LOCATION

 

4.1

Location

The Project area is located in the Porcupine Mining Division, 25 km southwest of Gogama, Ontario (Figure 4-1) and extends from Esther Township in the west to Champagne Township in the east, a distance of approximately 57 km. The Project consists of a collection of properties assembled through staking and various option agreements covering an area of approximately 521 km2 (Figure 4-2). The properties are bisected by Highway 144 and are approximately 175 km north of Sudbury via Highway 144 and approximately 125 km southwest of Timmins via Highways 101 and 144 (refer to Figure 4-1).

The Chester property is located in the central part of the Project area and hosts the Côté Gold deposit as well as the Chester 1 zone and several other gold occurrences (Figure 4-3). The Chester property is subject to a number of agreements and is described in this section along with the other properties.

 

4.2

Property Titles

On April 27, 2012, IAMGOLD announced that it had entered into a definitive agreement with Trelawney Mining and Exploration Inc. (Trelawney) to acquire, through a wholly-owned subsidiary, all of the issued and outstanding common shares of Trelawney through a plan of arrangement. On June 21, 2012, IAMGOLD announced completion of the acquisition of all of the issued and outstanding common shares of Trelawney. The shares of Trelawney were subsequently delisted and Trelawney remains an indirect 100% owned subsidiary of IAMGOLD. All of the interests in the property groups are owned by IAMGOLD through Trelawney and its various subsidiaries, and are subject to property agreements in effect at the time of acquisition.

 

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Figure 4-1: Project Location (RPA, 2012)

 

LOGO

 

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Figure 4-2: Property Group Map (December, 2016)

 

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Based on ownership and underlying agreements in effect at the time of completion of the acquisition, the Project area consists of 11 properties: Chester, Sheridan Option, Trelawney Mining & Exploration (north, south, east, Makwa and Londonderry blocks), Ontario 986813 Ltd. (Arimathaea Resources Inc. (Arimathaea), north, northeast, east and south blocks), Watershed, Golden Swayze, Trelawney Augen Acquisition Corp. East and West, Huffman Lake Option, Falcon Gold Option, and Leliever properties (Figure 4-2). The property holdings were restructured in 2016, with a number of non-strategic gound positions surrendered, and the acquisition of Golden Swayze claims.

IAMGOLD is not aware of any environmental liabilities associated with or attributable to any of the subject property groups in the Project area other than those that would normally be expected as a result of historical mining activities and associated historical mine workings.

The proposed work in Section 26 of the Report includes surface exploration work and surface diamond drilling. The permit application process, which has been successfully completed in the past, requires exploration plans and permits as required by the Ministry of Northern Development and Mines (MNDM). Certain permits have been granted since March 27, 2013 to allow future works on a large part of the properties. Permits are also required from the Ministry of Natural Resources and Forestry (MNRF) for drilling if there are planned water crossings during drilling or other exploration activities.

IAMGOLD is not aware of any other risks that could affect access, title, or the right or ability to perform work on the properties that are not discussed in the Report.

 

4.3

Mineral Rights, Land Holdings and Agreements

 

4.3.1

Chester Property

Occurrence (73) on Ontario Geological Survey (OGS) Map 214 (Siragusa, 1993) is locally known as the Jack Rabbit No. 1 Zone or the No. 20 Zone. It is located approximately at UTM coordinates 433176 E and 5268893 N, or latitude 47° 34’ N and longitude 81° 53’ W, within Lease CLM 266. Occurrence (69) on OGS Map 214 is the so-called No. 3 Zone or Chester 1 (formerly Murgold-Chesbar) that was investigated underground by decline in the 1980s. The Bates shaft, connected to the underground development, is located approximately at UTM coordinates 433089 E and 5267214 N, or latitude 47° 33’ N and longitude 81° 52’ W. Both the decline and the Bates shaft are located within Mining Lease P1222832. The decline portal is located at UTM coordinates 432896 E and 5267094 N. The Chester 2 (Young-Shannon) headframe was located at UTM coordinates 430475 E and 5267450 N but no longer exists.

All lease and patent boundaries for the property were surveyed at some time in the past. Boundary and corner posts define existing claims. The owner of a mining claim does not

 

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hold the surface rights to the claim. At the time of application for a lease, the claims must be surveyed, and an application for surface rights submitted.

Mineralized zones and important natural features are illustrated in Figure 4-3.

On February 23, 2010, Trelawney announced that it had received a permit to take water (PTTW for dewatering) from the Ontario Ministry of the Environment (MOE). The permit grants the taking of water from the Bates shaft on the Chester property for construction dewatering. Trelawney initiated the process to commence the dewatering of the Chester 1 ramp in summer 2010. On July 7, 2010, Trelawney announced that it had received acknowledgement of receipt for the filing of its Advanced Exploration Closure Plan for the Chester 1 Project from the Mineral Development and Lands Branch of the Ministry of Northern Development, Mines and Forestry (MNDMF). Pursuant to the approval for filing of the Closure Plan by the MNDMF, Trelawney commenced the planned underground exploration program. Portal and underground rehabilitation began in the second half of 2010 and through early 2011. Trelawney recovered an underground bulk sample consisting of approximately 10,000 tonnes of mineralized material and on May 25, 2011, announced its intention to reduce underground operations at the Chester 1 Project, which has since been placed on care and maintenance.

Trelawney entered into an Exploration Agreement with the Mattagami First Nation. The agreement establishes a commitment to an ongoing relationship between the Mattagami First Nation and Trelawney with respect to Trelawney’s exploration activities on its Chester Township properties, located in the traditional territory of the Mattagami First Nation. The Exploration Agreement establishes the foundation for a cooperative and mutually beneficial relationship between the Mattagami First Nation and Trelawney by setting out provisions which include training, ongoing communication, and opportunities for businesses within the community to participate in Project exploration activities. In addition, Mattagami First Nation and IAMGOLD have agreed to negotiate an Impact Benefit Agreement should the Project proceed to production.

 

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Figure 4-3: Chester Property Map (March, 2011)

 

LOGO

 

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The Chester property holdings include interests in 47 claims, 30 patents, three mining licences of occupation, and four leases with a total area of approximately 1,701 ha. They are held in several contiguous packages and include two option agreements, two purchase agreements, and staked claims as described in the following sections (Figure 4-4).

 

4.3.2

Environmental Site Remediation

Diamond drilling work conducted between 2013 and 2016 met all of IAMGOLD’s environmental standards. The standards include back-blading of ruts, filling in sumps, cutting of leaning trees, stacking of large pines, and marking of drill collars. All drill sites and water pump sites are subject to post-drilling inspection. In the event of any non-conformities with IAMGOLD standards, the contractors were notified and corrective action was taken. Legacy site remediation has been on-going since 2013. Legacy diamond drilling sites are visited for inspection and collars are marked and any debris removed. A total of 186 legacy drill sites have been remediated to date and the work is still in progress.

There are no other known environmental liabilities associated with the Project other than those that may be expected from historical mining activities and the limited mine workings described above.

Mineral claims subject to these various option agreements are kept in good standing by IAMGOLD as a requirement of those agreements. Under provincial requirements Trelawney regularly completes assessment work that is filed to renew or extend the claims to up to five-years of validity. The minimum assessment work a mining claim holder must do every year or distribute to the claim from work reserve banked on the claim or from other contiguous claims to keep the mining claim in good standing is C$400 per claim unit which corresponds to 16 ha. Trelawney has no additional exploration expenses obligations in relation with the various option property agreements.

 

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Figure 4-4: Chester Property Claim Map (December, 2010)

 

LOGO

 

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4.3.2.1

Chester 1 Agreement

On August 11, 2009, Trelawney entered into a definitive option agreement with Treelawn Investment Corp. granting Trelawney the exclusive and irrevocable option to earn up to a 70% interest in the Chester 1 (Murgold-Chesbar) claims (Table 4-1). Pursuant to the terms of the option agreement, Trelawney had the option to acquire an initial 50% interest in the claims (the First Option) and an option to increase the 50% interest in 10% increments to 70% (the Second Option).

On November 23, 2011, Trelawney announced that it had completed the exercise of the First Option and the Second Option. Under the terms of an amending agreement dated November 22, 2011 between Trelawney and Treelawn Investment Corp., Trelawney accelerated the terms of the Chester 1 Option Agreement dated August 11, 2009, and Trelawney earned 70% of Treelawn Investment Corp.’s interest in the Chester 1 Property, which comprises two mining leases covering approximately 150.4 ha. In addition, in consideration of waiving certain commercial production requirements under the Chester 1 Option Agreement, Treelawn Investment Corp.’s residual 30% working interest in the Chester 1 Property was converted into a 30% free carried net profits interest and transferred to Treelawn Capital Corp. (October 2016).

 

 

Table 4-1:

Chester 1 (Murgold-Chesbar) Leases Surface and Mineral Rights Ownership – Trelawney 70% and Treelawn Capital Corp. 30%

 

Township

  

Claim Number

   Approximate
Area (ha)
  

Start Date

  

Lease Expiry Date

CHESTER

   P1222832    22.0    01-Aug-03    31-Jul-23*

CHESTER

   CLM270    128.4    01-Aug-03    31-Jul-24

Total

   150.4      

Note* - 21 year lease but MNDMF has 20 year expiry date

Mining lease CLM270 is subject to a 3% net smelter return (NSR) with Trelawney having the right to purchase 2% of the NSR for C$2 M.

 

4.3.2.2

Chester 2 Agreement

The Chester 2 claims consist of 11 patented claims and 18 staked claims comprising 26 units. The Chester 2 claims are contiguous, covering an area of approximately 608 ha, and are shown in Figure 4-4 and listed in Table 4-2. On October 27, 2009, Trelawney signed an amended and restated Mining Claim Acquisition Agreement with Metallum Resources Inc. (Metallum). This agreement allowed Trelawney to acquire a 92.5% interest in the Young-Shannon property, subject to a 1% NSR royalty payable when the monthly

 

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average gold price exceeds $1,000 per ounce. This royalty was subsequently acquired by IAMGOLD in 2012.

At the time of the closing of the Metallum agreement, Trelawney held at least a 92.5% interest in the staked and patented claims and the remaining interest was held by Treelawn Investment Corp.

The patented claims are subject to a 1.5% NSR under an agreement dated March 27, 1987. Sixteen of the 18 unpatented claims are subject to a 0.75% NSR under an agreement dated April 15, 1987.

 

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Table 4-2:

Chester 2 List of Patented and Staked Claims (These claims cover the southern part of the Côté Gold deposit and its northeast and southwest geological extensions)

 

 

Ownership – Trelawney 92.5%, Treelawn Investment Corp. 7.5%

 

     Claim Number   Percent Option
(%)
     Claim Due Date      Work/Taxes
Required

(C$)
 

PATENTED CLAIMS

       

1

  

19966

    92.5        Not Applicable        Not Applicable  

2

  

19970

    92.5        Not Applicable        Not Applicable  

3

  

19971

    92.5        Not Applicable        Not Applicable  

4

  

19972

    92.5        Not Applicable        Not Applicable  

5

  

19976

    92.5        Not Applicable        Not Applicable  

6

  

19995

    92.5        Not Applicable        Not Applicable  

7

  

19999

    92.5        Not Applicable        Not Applicable  

8

  

20001

    92.5        Not Applicable        Not Applicable  

9

  

20096

    92.5        Not Applicable        Not Applicable  

10

  

20094

    92.5        Not Applicable        Not Applicable  

11

  

20095

    92.5        Not Applicable        Not Applicable  

Total Annual Tax

 

     968  

STAKED CLAIMS

 

     

1

  

* P-681824

    92.5        2021-Jun-08        330  

2

  

* P-681825

    92.5        2021-Jun-08        400  

3

  

* P-681826

    92.5        2021-Jun-08        400  

4

  

* P-681827

    92.5        2021-Jun-08        375  

5

  

* P-720673

    92.5        2018-Jun-08        400  

6

  

* P-720674

    92.5        2022-Jun-08        400  

7

  

* P-720675

    92.5        2021-Jun-08        400  

8

  

* P-720703

    92.5        2022-Jun-08        400  

9

  

* P-720704

    92.5        2022-Jun-08        400  

10

  

* P-720705

    92.5        2022-Jun-08        400  

11

  

* P-894840

    92.5        2021-Jun-02        400  

12

  

* P-894841

    92.5        2021-Jun-02        400  

13

  

* P-894842

    92.5        2021-Jun-02        286  

14

  

P-1136163

    92.5        2022-Jul-03        1,600  

15

  

P-1136164

    92.5        2022-Jul_03        400  

16

  

P-1210929

    92.5        2021-Oct-25        1,200  

17

  

** P-1213793

    92.5        2020-Jun-18        400  

18

  

** P-1213796

    92.5        2020-Jun-18        758  

Total Annual Value of Assessment Work Required

 

     9,349  

 

*

These claims are being surveyed for the perimeter of the Surface and Mining Rights of CLM 501 and the completed survey is under MNR review.

**

These two individual Perimeter Claim Surveys for Surface and Mining Rights received final approval from the MNR and were deposited in the Land Registry Office in Sudbury.

 

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4.3.2.3

Chester 3 Agreement

On December 21, 2009, Trelawney and Treelawn Group Inc. entered into a Mining Option Agreement, pursuant to which Treelawn Group Inc. granted Trelawney the right to acquire up to a 92.5% interest in Treelawn’s interests in the Chester 3 claims (Table 4-3 and Table 4-4) (Treelawn’s Interest). Pursuant to the terms of the Mining Option Agreement, Trelawney had the option to acquire an initial 50% interest in Treelawn’s Interest in these claims (First Option) and an option to increase such interest to 92.5% (the Second and Third Options).

In accordance with the Mining Option Agreement, after exercising the First Option, Trelawney granted to Treelawn Group Inc. a 1.5% NSR on the Treelawn Interest in the Chester 3 claims. During the 48 months following the grant of the royalty, Trelawney had the right to purchase 0.5% of the royalty from Treelawn Group Inc. for the sum of C$1 M.

On November 23, 2011, Trelawney announced that it had earned a 92.5% interest in the Treelawn Interest in the Chester 3 property. Under the terms of an amending agreement dated November 22, 2011, between Trelawney and Treelawn Group Inc., Trelawney accelerated the terms of the Second and Third Options of the Chester 3 Option Agreement dated December 21, 2009, and earned 92.5% of the Treelawn Interest in the Chester 3 property. On May 20, 2015, Trelawney also exercised its right to purchase 0.5% NSR by paying Treelawn the sum of C$1 M. This reduces the total royalty to 1% NSR in the Chester 3 claims.

The Chester 3 property comprises two mining leases, 19 patented claims, and 29 unpatented mining claims covering approximately 879 ha. It contains a large portion of the Côté Gold deposit. In consideration for accelerating the exercise of the Chester 3 Option Agreement, Treelawn Group Inc’s residual interest in the Chester 3 property was converted into a free-carried interest of 7.5% on the Treelawn Interest (Amended Interest dated November 22, 2011).

On March 28, 2012, Trelawney announced that it had entered into a restated amending agreement with Treelawn Group Inc. with respect to the Chester 3 property. Pursuant to the restated amending agreement, the Amended Interest was converted into a 7.5% net profits interest on the Treelawn Interest.

 

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Table 4-3:

Chester 3 (Emerald Isle) (These claims cover the northern part of the Côté Gold deposit)

 

  

Ownership – Trelawney 92.5%, Treelawn Group Inc. 7.5% NPI

 

Township

   Claim
Number
     Approximate
Area (ha)
     Recording
Date
     Due Date      Annual
Work
Required

(C$)
 

CHESTER

     720647        15.9        1983-Dec-21        2022-Dec-21        260  

CHESTER

     734211        20.6        1983-Dec-21        2022-Dec-21        263  

CHESTER

     734213        20.0        1983-Dec-21        2021-Dec-21        262  

CHESTER

     734214        22.9        1983-Dec-21        2021-Dec-21        263  

Total

 

     79.4           

 

*

These claims are being surveyed for the perimeter of the Surface and Mining Rights of CLM 501 and the completed survey is under Ministry of Natural Resources and Forestry (MNR) review.

NPI = net profits interest.

 

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Table 4-4:

Chester 3 (Claims surrounding Chester 1) (These claims are adjacent to north, east and south of CLM 270 of Chester 1)

 

 

Ownership – Trelawney 55.5%, Ontario 986813 Ltd 40%, Treelawn Group 4.5%

 

Township

   Claim
Number
     Approximate
Area (ha)
     Recording
Date
     Due Date      Annual
Work
Required
(C$)
 

CHESTER

     471954        4.4        1978-Mar-15        2020-Aug_20        400  

CHESTER

     471955        7.4        1978-Mar-15        2020-Aug_20        400  

CHESTER

     471956        12.0        1978-Mar-15        2020-Aug_20        400  

CHESTER

     471957        9.2        1978-Mar-15        2020-Aug_20        400  

CHESTER

     471958        15.2        1978-Mar-15        2020-Aug_20        400  

CHESTER

     473709        30.9        1979-Oct-23        2020-Mar-15        399  

CHESTER

     473710        10.2        1979-Oct-23        2019-Mar-15        400  

CHESTER

     473711        7.3        1979-Oct-23        2019-Mar-15        400  

CHESTER

     473712        6.6        1979-Oct-23        2019-Mar-15        400  

CHESTER

     473713        5.9        1979-Oct-23        2019-Mar-15        400  

CHESTER

     473714        6.9        1979-Oct-23        2019-Mar-15        400  

CHESTER

     473715        10.5        1979-Oct-23        2019-Mar-15        400  

CHESTER

     473716        15.0        1979-Oct-23        2019-Mar-15        400  

CHESTER

     515053        13.0        1979-May-10        2020-Oct-15        400  

CHESTER

     515054        18.0        1979-May-10        2020-Oct-15        400  

CHESTER

     515057        7.6        1979-May-10        2020-Oct-15        400  

CHESTER

     515058        10.3        1979-May-10        2020-Oct-15        400  

CHESTER

     515059        9.3        1979-May-10        2020-Oct-15        400  

CHESTER

     515329        26.0        1979-Jun-20        2020-Nov-25        400  

CHESTER

     515330        23.2        1979-Jun-20        2020-Nov-25        400  

CHESTER

     549017        22.0        1979-Oct-23        2020-Mar-30        400  

CHESTER

     549018        10.8        1979-Oct-23        2020-Mar-30        400  

CHESTER

     549019        22.0        1979-Oct-23        2020-Mar-30        400  

CHESTER

     543820        11.8        1979-Oct-03        2020-Mar-10        400  

CHESTER

     543822        9.8        1979-Oct-03        2020-Mar-10        400  

Total

 

     325.2           

 

*

Ontario 986813 Ltd acquired Arimathaea Resources Inc. interests

Note: Some of these claims are requested for lease under historical applications and do not require work to retain ownership.

 

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Table 4-4a:

Ownership – Treelawney 92.5%, Treelawn Group 7.5%—Patents – Surface and Mineral Rights

 

Township

   Claim Number      Approximate Area (ha)  

CHESTER

     S32033        18.5  

CHESTER

     S32034        11.4  

CHESTER

     S32035        13.8  

CHESTER

     S32036        17.0  

CHESTER

     S32037        12.2  

CHESTER

     S32044        15.1  
     Total        88.0  

 

 

Table 4-4b:

Ownership – Treelawney 69.375%, Canorth* 25%, Treelawn Group 5.625% - Patents

 

Township

   Claim Number      Approximate Area (ha)  

CHESTER

     S20655        22.9  

CHESTER

     S20656        25.8  

CHESTER

     S20657        19.1  

CHESTER

     S20660        17.5  

CHESTER

     S20661        25.9  

CHESTER

     S20663        20.2  

CHESTER

     S20664        10.8  

CHESTER

     S20665        20.4  

CHESTER

     S20666        11.1  

CHESTER

     S20667        11.8  

CHESTER

     S20668        20.1  

Total

        205.6  

 

*

Canorth Resources Inc.

 

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Table 4-4c:

Ownership – Treelawney 55.5%, Murgold* 40%, Treelawn Group 4.5%—Patents & Lease

 

Township

   Claim Number      Approximate Area (ha)  

CHESTER

     S19992        16.3  

CHESTER

     S20009        24.4  

CHESTER

     P1238635        27.4  

Total

        68.1  

 

*

Murgold Resources

On November 26, 2010, Trelawney entered into an agreement to purchase the 21.62% undivided interest in leased Mining Lease CLM266 held by Gold Bar Resources Inc. (Gold Bar) consisting of 11 standard one-unit claims. The lease expires on March 31, 2026.

On September 9, 2011, Trelawney announced that it had completed the acquisition of the 21.62% undivided interest in leased Mining Lease CLM266 (Table 4-5) to hold a 94.1215% interest.

Table 4-5: Jack Rabbit Group – Chester 3

 

Township

   Claim
Number
     Approximate Area (ha)      Start Date      Lease Expiry
Date
 

CHESTER

     CLM266        117.2        01-Apr-05        31-Mar-26  

Total

        117.2        

In addition to Treelawn Group Inc.’s royalty under the Mining Option Agreement covering Chester 3, CLM266 is also subject to an additional 1.5% NSR.

 

4.3.2.4

Crown Minerals Agreement (also referred to as Trelawney Clam Lake Project)

On May 19, 2010, Trelawney announced that it had signed a letter of intent with Crown Minerals Inc. (Crown) on their Chester/Yeo property in close proximity to the Chester property. Trelawney purchased an 80% interest and Crown was to retain a 20% carried interest until the completion of a positive pre-feasibility study.

On June 13, 2013, Trelawney signed an Acquisition Agreement with Crown to purchase its interest. Under the Watershed Option and Joint Venture Agreement between Sanatana Resources Inc. (Sanatana) and Trelawney Augen Acquisition Corporation (TAAC), Sanatana exercised its right under the area of interest clause and this 20% interest was held 50:50 between Sanatana and TAAC.

 

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Following the purchase on March 9, 2016 of Santana 50% interest in the Watershed property (see section 4.3.3.4), TAAC now owns a 20% interest in the property.

The Chester/Yeo property is contiguous with and west of Trelawney’s Chester property. The property consists of three claims with 14 units located approximately 1 km west of Trelawney’s Côté Gold deposit (Table 4-6).

Table 4-6: Crown Minerals Purchase Agreement

 

Township

   Claim
Number
   Approximate
Area (ha)
   Recording
Date
   Due Date    Annual
Work
Required
(C$)
 

CHESTER

   4220425    32    13-Feb-2008    13-Feb-2021      800  

YEO

   4240522    96    7-May-2008    7-May-2022      615  

YEO

   4241016    96    26-May-2008    26-May-2022      1,566  

 

4.3.2.5

Clam Lake Claims

On December 3, 2010, Trelawney staked four claims (4260697, 4260698, 4260699, and 4260700) covering four small islands in Clam Lake, on the western boundary of Chester Township (Figure 4-3). The claims are held 100% by Trelawney. Each has an ascribed area of one claim unit (16 ha) and has an annual assessment requirement of C$400. Their due dates are now December 3, 2022. On March 8, 2011, a single claim, 4254022, was also acquired by staking west of Clam Lake, and assessment work is due March 8, 2022.

 

4.3.3

Other Property Groups

 

4.3.3.1

Sheridan Option Property

The Sheridan Option property is located in the easternmost area of the Project. It is centered approximately 18 km due east of the Chester property. The Sheridan Option property is found within Groves, Benneweis, and Champagne townships. It is currently a single contiguous block of 16 unpatented mining claims with an approximate total surface area of 3,552 ha.

The property is subject to an option agreement between Trelawney and John Patrick Sheridan dated March 28, 2012 and amended October 4, 2012. Under the terms of this agreement, Trelawney had the right to acquire a 51% undivided interest in the property by completing certain payments and work programs.

 

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Trelawney was appointed as the operator, completed the necessary payment at signing of the agreement, and completed the necessary work expenditures by December 31, 2013. The exercise of the option has been confirmed, and a joint-venture will be created.

 

4.3.3.2

Trelawney Mining and Exploration Property

The Trelawney Mining and Exploration Property (Trelawney Property) is separated into five blocks 100% Trelawney owned. The northern block is the northernmost located block of the Project area properties. The eastern and southwestern blocks are contiguous with the Watershed Property. The fourth and the fifth blocks are formed of two and thirteen contiguous claims respectively and are located in the easternmost area of the Project area properties, the Makwa claims block being surrounded by the Sheridan Option property (Table 4-7).

Table 4-7: Trelawney Mining and Exploration Property Claims

 

Trelawney Property - Block

Name

   Number of
Unpatented Mining
Claims
     Approximate Area
(ha)
 

North

     3        762  

East

     21        4,352  

South

     17        4,096  

Makwa

     2        288  

Londonderry

     13        1,952  

Trelawney Property Total

     56        11,456  

Trelawney North is located north of the rest of the property groups. It is centered 8 km due north of the Chester property and isolated in the Neville township. It comprises three unpatented mining claims for an approximate total area of 768 ha.

Trelawney East is located at the eastern end of the Project area, between the Ontario 986813 Ltd. (Arimathaea Resources Inc.) and the Sheridan Option properties. The eastern block of the Trelawney East is centered 10 km due east of the Chester property. Trelawney East is contiguous with the Project area, and has claims in Neville, Groves, St. Louis, and Benneweis townships. It consists of 21 unpatented mining claims for an approximate total area of 4,352 ha.

Trelawney South is the southernmost component of the entire Project area. The South Block is contiguous with the remainder of the Project area. It is centered 10 km southwest of the Chester property. Trelawney South has claims in Yeo, Smuts, and Invergarry townships. It consists of 17 unpatented mining claims for an approximate total area of 4,906 ha.

 

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The Makwa Block is constituted of two mining claims in the easten section of the Project area properties. It is centered approximately 18 km due east of the Chester property. These two unpatented mining claims are situated in Champagne township and cover a surface area of 288 ha.

The Londonderry block is constituted of thirteen mining claims in the easternmost area of the Project area properties. It is centered approximately 25 km due east of the Chester property. These thirteen unpatented mining claims are situated in Champagne, Londonderry, Garibaldi and Miramichi townships and cover a surface area of 1,952 ha.

The five blocks combine for a total of 56 unpatented mining claims and an approximate total area of 11,456 ha. These five blocks and 56 claims are all 100% IAMGOLD (Trelawney) owned, and are not subject to any joint ventures or option agreements. Description of individual claims comprising the Trelawney Property is contained in Appendix A.

 

4.3.3.3

Ontario 986813 Ltd. (Arimathaea Resources Inc.) Property

Pursuant to an asset purchase agreement between Arimathaea and Ontario 986813 Ltd. (Ontario 986813) dated June 26, 1982, Ontario 986813 acquired the Arimathaea property. By an application to the Commissioner from Ontario 986813, dated December 26, 2011, several separate requests were made. These included vesting 100% interest in the claims comprising the Arimathaea property to Ontario 986813, an application for exclusions, and an application for extension of time. An order by the Commissioner dated February 6, 2012 granted all of the relief sought with the effective date of transfer of the Arimathaea property to 896813 being June 26, 1992. Ontario 2294167 Inc. (Ontario 2294167) acquired ownership of 55% of 986813 on August 3, 2011. Ontario 2294167 is a wholly-owned subsidiary of Trelawney.

The Arimathaea property is separated into four, 100% Ontario 986813-owned distinct blocks in the Project area (Table 4-8). All except the East Block are contiguous with the Chester property and located in the eastern part of the Project area.

Table 4-8: Ontario 986813 Property Claims

 

Arimathaea Property -

Block Name

   Number of Unpatented Mining
Claims
     Approximate Area
(ha)
 

North

     16        256  

Northeast

     7        112  

East

     113        1,808  

South

     97        1,552  

Arimathaea Property Total

     233        3,728  

 

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Arimathaea North is located in the east-central part of the Project area. It is attached directly to the northern border of the Chester property and found exclusively within Chester Township. Arimathaea North consists of 16 unpatented mining claims with a total area of approximately 256 ha.

Arimathaea Northeast is located in the east-central part of the Project area. It is centered approximately 1.5 km from the north border of the Chester property and borders Chester and Neville townships. Arimathaea Northeast consists of seven unpatented mining claims with a total area of approximately 112 ha.

Arimathaea East is the largest block of the four 100% Ontario 986813-owned claims. It is located in the eastern Project area, between the Sanatana Option property to the west and the eastern block of the Trelawney property to the east. It is centered about 6 km east-northeast from the Chester property. Arimathaea East consists of 113 unpatented mining claims with a total area of approximately 1,808 ha.

Arimathaea South is located in the east-central part of the Project area. It is attached directly to the southern border of the Chester property, and located dominantly in Chester township, with a small number of claims in Benneweis township. Arimathaea comprises 97 unpatented mining claims with a total area of approximately 1,552 ha.

The four blocks of the Arimathaea property combine for a total of 233 unpatented mining claims and an approximate total area of 3,728 ha.

 

4.3.3.4

Sanatana Option and Watershed Property

The Sanatana Option property (or Watershed property) is located in the central and east-central portion of the Project area. This property surrounds the Chester property; Arimathaea North, Northeast, and South blocks, and the TAAC West Block. It is a single contiguous block with claims in Yeo, Chester, Neville, and Benneweis townships. It consists of 46 unpatented mining claims with an approximate area of 7,840 ha.

Tables summarizing the details for the unpatented mining claims of the Watershed Property are found in Appendix A.

The Sanatana Option was under an earn-in agreement between TAAC and Sanatana signed on February 14, 2011. Under the terms of this agreement, Sanatana had the right to acquire a 50% interest in the originally 100% TAAC owned claims (of the Sanatana Option property) by completing the following:

 

 

1.

Paying TAAC C$150,000 within 10 days of February 14, 2011 (completed).

 

 

2.

Allotting and issuing to TAAC a total of 5,000,000 shares on or before February 14, 2013, as follows:

 

 

 

2,000,000 Shares on or before February 24, 2011 (completed);

 

 

 

An additional 1,500,000 Shares on or before February 24, 2012 (completed);

 

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An additional 1,500,000 Shares on or before February 24, 2013 (completed).

 

 

3.

Incurring work costs of not less than C$5 M as follows:

 

 

 

C$1 M on or before February 14, 2012 (completed);

 

 

 

An additional C$1.5 M on or before February 14, 2013 (completed);

 

 

 

An additional C$1.5 M on or before February 14, 2014 (completed).

This agreement included a provision of an Area of Interest extending up to 5 km from any portion of the property. This required that any acquisition or staking of mineral claims by TAAC or its affiliates must be offered to Sanatana for the benefit of the parties. If exercised by Sanatana, the costs of such an acquisition must be reimbursed under the Option and Joint Venture (JV) terms and the interest will be included in the property for the benefit of Sanatana and TAAC.

Sanatana has (i) paid TAAC C$150,000 in cash, (ii) issued TAAC 5,000,000 common shares, and (iii) incurred not less than C$5 M in exploration expenditures, and Sanatana had therefore earned a 50% property interest.

Sanatana could have increased its interest to 51% in the Sanatana Option and Joint Venture property upon completion and delivery of a pre-feasibility study on or before March 23, 2016; however, on November 30, 2015, Sanatana announced that it had given TAAC notice to form a 50/50 joint venture (the JV) to manage the Watershed property. The JV would be formed pursuant to the terms of the option and joint venture agreement between Sanatana and TAAC, dated February 14, 2011, with Sanatana as the initial manager of the JV.

On March 9, 2016, Sanatana sold its 50% interest in the Watershed property to Trelawney Augen Acquisition Corp. in exchange for C$2 M in cash consideration, C$3 M in contingent consideration and a 1% NSR. Augen has the option to re-purchase 0.5% of the NSR for a C$2 M cash payment. In addition, Augen also has the right of refusal on any sale of the NSR to other parties. Both the patented and unpatented claims that encompass the Watershed property and the area of the Sanatana ROFR were also subject to a 1% NSR payable to Trelawney Mining and Exploration based on an agreement signed between Augen Gold Corp. and Trelwaney Mining and Exploration (Pre-acquisition of Augen).

 

4.3.3.5

Trelawney Augen Acquisition Corp. Properties

TAAC is a subsidiary company of Trelawney.

The TAAC property is separated into two 100% TAAC-owned distinct blocks in the Project area (Table 4-9 and Table 4-10). The two TAAC blocks are separated by the Sanatana Option property and are contiguous with the other property groups.

 

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Table 4-9:

Trelawney Augen Acquisition Corp. Property Claims

 

TAAC Property -

Block Name

   Patented      Unpatented
Mining
Claims
 
   Patents      MLOs     

East

     0        0        9  

West

     40        50        83  

TAAC Property

     40        50        92  

 

 

Table 4-10:

Trelawney Augen Acquisition Corp. Property Surveyed Claims

 

TAAC Property -

Block Name

   Surveyed      Approximate      Total  
   Patents
(ha)
     MLOs
(ha)
     Unpatented
Mining
Claims (ha)
     Surveyed +
Approximate
(ha)
 

East

     0        0        304        304  

West

     485        733        14,320        15,538  

TAAC Property

     485        733        14,624        15,842  

The TAAC East block is located in the east-central area of the Project area. It is attached directly to the northeastern border of the Chester property and found exclusively within Chester township. TAAC East consists of nine unpatented mining claims with a total area of approximately 304 ha.

The TAAC West block is the largest property block in the Project area. It comprises the majority of the western half of the Project area, covering ground in Benton, Esther, Osway, Huffman, Potier, Fingal, Arbutus, and Yeo townships. The TAAC West block consists of a combination of 40 patents, 50 mining licences of occupation (MLOs), and 83 unpatented mining claims, for an approximate total area of 15,538 ha.

The two blocks combine for a total of 92 unpatented mining claims and 40 patented mining claims and 50 mining licences of occupation, with a total area of 15,842 ha.

 

4.3.3.6

Huffman Lake Option Property

The Huffman Lake Option property (Huffman Option) is located in the west-central part of the Project area. It is completely surrounded by the claims of the TAAC West block. The Huffman Option straddles the border of Huffman and Potier townships. It is a single contiguous block of four unpatented mining claims with an approximate area of 624 ha.

Tables summarizing the details for the unpatented mining claims of the Huffman Lake Option Property are included in Appendix A.

 

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The property is subject to an option agreement between TAAC and John Gregory Brady and Reginald James Charron, executed on August 10, 2009. TAAC completed all necessary payments and shares have been issued by previously acquired companies to fulfill the agreement. The optioned property has been transferred to TAAC.

The property is subject to a 2% NSR. TAAC has the right to acquire half (50%) of the NSR at any time upon payment of C$1 M. The royalty holders are also entitled to a non-refundable advance royalty payment (ARP) in the amount of C$10,000 per year commencing August 10, 2013.

 

4.3.3.7

Falcon Gold Option Property

The Falcon Gold Option property is located in the far northwest corner of the Project area. It is immediately west of the large group of claims of the TAAC West Block. The Falcon Gold Option is found exclusively within Esther township. It is a single contiguous block consisting of 16 unpatented mining claims and six patented claims with an approximate total surface area of 407 ha. Falcon Gold is entitled to acquire a 100% interest in this property (the Burton property) under a Mineral Property Acquisition Agreement dated March 25, 2010 and amended on April 29, 2010. It was signed with the original owners Martin L. Burton, Cumming S. Burton, and Archie S. Burton.

Tables summarizing the details for the patented and unpatented mining claims of the Falcon Gold Option Property are included in Appendix A.

Under an option agreement dated February 16, 2012 between Trelawney and Falcon Gold, Trelawney was entitled to acquire a 51% interest in the Burton property if Trelawney made certain payments to Falcon Gold and completed expenditures on the property, both of which now have been done.

During this phase of the agreement, Falcon Gold acts as the operator. After completing all terms of this first option, Trelawney may elect to exercise the Second Option to acquire a further 24% interest in the Burton property a further C$0.6 M of expenditures was completed on or before February 16, 2014. During this phase of the agreement, Trelawney could become operator of the property. The conditions for the First Option of the Agreement were completed and the Second Option was not exercised. This gives Trelawney a 51% interest in the property and transfer of interest will be made.

After exercising either the First or Second Option, a joint venture may be created with each party to contribute to the pro rata of their interest. A dilution process will be applied if either party does not contribute and dilutes to less than 10% interest. The diluted party will then forfeit all of its interest and be entitled to a 2% NSR royalty from any future production. The original owners are entitled to a 2.5% NSR with the possibility to buy-back right 60% of the NSR (total 1.5% NSR) by increments of 0.3% for C$0.5 M or for a 10% NPI.

 

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Either party shall have a right of first refusal, which shall apply to any transfer of all or part of the party’s participating interest (including royalties) in the joint venture.

 

4.3.3.8

Leliever Property

The Leliever property is located in the east-central area of the Project area. It is immediately west of and contiguous with the Chester property. The Leliever property is found exclusively within Chester township. It is a single contiguous block of three patented claims (S8995, S8996, and S8997) with an approximate area of 54.4 ha.

Pursuant to an acquisition agreement between Trelawney and John Leliever, dated February 24, 2012, Trelawney owns a 100% interest in the Leliever claims.

 

4.3.3.9

GoldON Swayze Properties

The GoldON Swayze properties are separated into three blocks that comprise the Neville-Potier townships block, the Chester township isolated claim, and the Mollie River block located in Benneweis township.

Under the terms of a definitive agreement previously announced on September 29, 2016, and closed on Decmenber 30, 2016, Trelawney purchased a 100% interest in GoldON’s Swayze properties for C$300,000 in cash, forgiveness of the C$125,000 promissory note issued by GoldON to Trelawney, and assignment of Trelawney’s 1,170,544 GoldON shares. In addition, if a storage facility or pond of any nature is constructed on the Swayze Claims for the purpose of storage of tailings derived from Trelawney’s Côté Gold Project, Trelawney will pay to GoldON an additional C$800,000.

Table 4-11: Goldon Swayze Properties Claims

 

GoldOn Swayze Properties

- Block Name

   Number of
Unpatented Mining
Claims
     Approximate Area
(ha)
 

Neville-Potier

     26        6,000  

Mollie River

     3        592  

Chester

     1        48  

Trelawney Property Total

     30        6,640  

The Neville-Potier block adjoins the north part of the Watershed property. It is centreed 6 km north of the Chester property and spans Neville and Potier townships. It consists of 26 unpatented mining claims for an approximate total area of 6,000 ha. GoldON has acquired 100% interest of this Neville-Potier block and signed a Royalty Agreement dated August 12, 2010 with the original owners Pete Robert, Wade Kornik and 2125930 Ontario

 

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Limited. The original owners are entitled to a 3.0% NSR with the possibility to buy-back one-half of the NSR (total 1.5% NSR) at any time within twenty-five (25) years from the date of signature of this agreement upon payment of C$1 M.

The Mollie River block is located in the eastern part of the Project area and contiguous to the Trelawney East Block. It is centreed 10 km east of the Chester property and entirely located in Benneweis township. It consists of three unpatented mining claims for an approximate total area of 592 ha. GoldON has acquired 100% interest of the Mollie River block and signed a Royalty Agreement dated April 2nd, 2010 with the original owner Larry Salo. The original owner is entitled to a 3.0% NSR with the possibility to buy-back one-third of the NSR (total 1.0% NSR) at any time within twenty-five (25) years from the date of signature of this agreement upon payment of C$1 M.

The Chester block consists of one mining claim located directly to the north border of the TAAC East block and approximately 2 km north of Trelawney’s Côté Gold deposit. This unpatented mining claim is situated in Chester township and covers a surface area of 48 ha. GoldON has acquired 100% interest of the Chester block and signed a Royalty Agreement dated May 12th, 2010 with the original owner Pete Robert. The original owner is entitled to a 3.0% NSR with the possibility to buy-back one-third of the NSR (total 1.0% NSR) at any time within twenty-five (25) years from the date of signature of this agreement upon payment of C$1 M.

The three blocks combine for a total of 30 unpatented mining claims and an approximate total area of 6,640 ha. These three blocks and 30 claims are now all 100% IAMGOLD (Trelawney) owned. Description of individual claims comprising the Trelawney property is contained in Appendix A.

 

4.3.3.10

Work Permits

Permits are required to perform work on the property described above. Work permits are either in place or can reasonably be expected to be approved in time to support the recommended work outlined in Section 26.

 

4.3.3.11

Significant Factors and Risks

Significant factors and risks that can impact work on the property are outlined in Section 20.

 

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5.0

ACCESSIBILITY, CLIMATE, INFRASTRUCTURE, AND PHYSIOGRAPHY

 

5.1

Accessibility

The Côté Gold Project is located southwest of Gogama, Ontario. The property is bisected by Highway 144 and is approximately 175 km by road north of Sudbury, along Highway 144 and approximately 125 km by road southwest of Timmins via Highways 101 and 144 (Figure 4-1). Access to the property is by a network of logging roads and local bush roads accessed from Highway 144 and from the Sultan Industrial Road which runs east-west along and below the southern part of the Project area.

 

5.2

Local Resources

The nearby town of Gogama is on the Canadian National Railway Company (CN Rail) line, is also connected to the regional electric power grid, but has few resources related to exploration and mining. However, Sudbury and Timmins are only about 175 km and 125 km distant by road, respectively. Either center has mining suppliers and contractors plus experienced and general labor.

 

5.3

Climate

The climate of the Project area is continental in nature with long, cold dry winters (-10°C to -35ºC) and relatively short, warm summers (+10°C to +35°C) with little to no annual water deficit (Energy, Mines and Resources Canada, 1990). In this area, winter conditions can be expected from late October to early April with January and February being the coldest months. Snowfall usually starts in mid-November and stays until late March with monthly accumulation of 44 cm to 67 cm and a total accumulation averaging 2.4 m per year. From June through September the rain fall is between 63 mm to 93 mm monthly. Mining operations are expected to be conducted year-round.

 

5.4

Physiography

The area is typical of glaciated terrain of the Canadian Shield. The topography is gently rolling, with glaciated high points seldom exceeding 50 m above local lake levels. Elevations within the Project are generally between 380 masl and 400 masl.

The higher ground usually has a veneer of glacial till or soil over bedrock. There is only a few percent of outcrop, mostly confined to higher ground, with thicker overburden present in the low-lying areas between the hills. Low ground is covered by deep glacial till and frequent small lakes and/or swamps.

 

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Most of the area has been logged in the last 30 years so that vegetation is generally small second growth poplar, birch, spruce, and pine. Poplar, birch, and white pine are common on the higher ground and spruce in the lower, wetter areas.

 

5.5

Infrastructure

The mine infrastructure on the Chester Property is a 3 m by 5 m, 1,675 m decline to a final depth of 162 m plus 700 m of lateral drifting on five levels. This is referred to as the Chester 1 Project. There is a shallow shaft (Bates) on the east end of the main vein structure and 90 m of raises in mineralization. This is all located on Lease CLM 270 and Mining Lease P1222832 (Chester 1). The development work was completed from 1986 to 1989, but production was not achieved. The Project is now connected to the 120 kV provincial power grid.

Following the mine closure, underground infrastructure was decommissioned. The site was closed in July 2015, all infrastructure onsite was put on care and maintenance. Site infrastructure can be easily and rapidly put back to service.

The surface electrical distribution system, a warehouse, workshop, offices, and various pieces of mobile equipment could be put back into service in a short time at the Chester 1 Project. The same goes for the facility localized on Mesomikenda Lake Road which includes a core shack; a kitchen; rooms for 55 people and a recreation hall. A series of cabins and a lodge located by Mesomikanda Lake can sleep 15 people. At the Chester 1 Project, there is also a mobile camp that can hold 1,000 people, which is not fully installed.

There is sufficient space available in the Project area to locate the Project infrastructure envisaged in the PFS, including tailings management facilities, waste disposal areas, mine infrastructure, and a mineral processing plant.

 

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6.0

HISTORY

Prospecting and exploration activity in the Project area began about 1900 and has continued sporadically to the present time, spurred on periodically from exploration in the Porcupine and Elk Lake-Gowganda-Shiningtree camps. The first discovery of note was the Lawrence copper prospect on the east shore of Mesomikenda Lake in 1910. Particular interest in the area was sparked in 1930 when Alfred Gosselin found a spectacular showing of native gold on the east shore of Three Duck Lakes (Laird, 1932).

Historical work on the property was carried out in multiple stages:

 

 

 

In the early 1940s activity was fairly intense, with a significant amount of prospecting and trenching plus the sinking of a few shallow shafts and some minor production.

 

 

 

Through to the late 1960s, there was little or no work performed.

 

 

 

From the early 1970s to about 1990, there was a great deal of surface work performed along with some limited underground investigations.

 

 

 

From 1990 to 2009, fragmented property ownership precluded any major programs.

 

 

 

In 2009, a group of properties that became the Chester property was consolidated by Trelawney.

A significant number of gold showings have been discovered on the Project. The main gold showings that have a significant amount of historical work are summarized below. Some additional information on smaller showings can be found in the assessment records and descriptions and tabulations of Siragusa (1993), McBride (2002), Cargill and Gow (2009), Constable (1990), Cook (2010), and Roscoe and Cook (2012). For clarity, the profusion of historical names for the various prospects, showings, or groups thereof have been grouped according to the names used by McBride for those properties with the most work. Otherwise, the original names applied by Laird (1932) are used. The numbers shown on the map of local geology (Figure 7-3) and the bracketed numbers in the following text refer to Siragusa’s (1993) numeric designation in Open File Report 5844, which covers all of the known historic properties and showings in the area.

 

6.1

Chester Property

The Chester property has been the focus of many exploration campaigns dating back to the early 1900’s, with the first significant Au discovery being Alfred Gosselin’s 1930 find of a spectacular showing of native gold on the east shore of Three Ducks Lake. From 1930 through to the early 1940’s, a significant amount of exploration work was performed and included the sinking of a few shallow exploration shafts. A second phase of intense exploration activity took place from the early 1970s to about 1990. Since that time, fragmented property ownership has precluded any major exploration program.

 

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Reference is made in this section to a number of historical resource estimates that have been made on several of the prospects. These estimates were likely prepared according to resource estimation practices of the time; however, they are considered historical and should not be relied upon. A qualified person has not completed sufficient work to classify the historical estimate as a current Mineral Resource or Mineral Reserve and IAMGOLD is not treating the historical estimates as current Mineral Resources or Mineral Reserves.

 

6.1.1

Young Shannon (58), (59), and (82)

In 1931, Consolidated Mining and Smelting Company Limited optioned the original Young-Shannon claim group, however, after surface sampling of two veins (59), the option was allowed to lapse. Activities in 1930-1931 created a “rush” and a number of gold discoveries followed. Generally, these discoveries comprised native gold in quartz and/or carbonate veins or stockworks with numerous accessory minerals.

The C-Zone (58), the main gold showing on the Young-Shannon property was stripped by the Three Ducks Syndicate in 1930-1931. The Martin Syndicate of Sudbury completed a diamond drilling program in 1932 on the A-Zone. No details of this work are available, but “an engineer’s report is said to have been highly favorable” (Laird, 1932).

The Young-Shannon Gold Mines, Limited (Young-Shannon) was formed in 1932 and the historical work on the property comprised the following:

 

 

 

In 1936, an inclined shaft (-70º) was completed to a vertical depth of 57 m (61 m down shaft) with a level at 30 m. About 52 m of lateral development was completed and 670 m of diamond drilling was carried out.

 

 

 

In 1937, 49 m of lateral development was carried out on the 57 m level and a further 152 m of diamond drilling completed. A stamp mill was installed but there are no records of production from this period.

 

 

 

Young-Shannon completed a surface diamond drilling program and a geophysical survey in 1944. Further diamond drilling was carried out in 1946. There are no records of any of these work programs. The property was idle from 1946 to 1978.

 

 

 

In 1978, Canadian Gold Crest Ltd. leased the Young-Shannon property, built a steel headframe and constructed a 60 tpd flotation mill near the C-Zone shaft (58). Material for the mill came from underground workings on the C-Zone and from a small open pit on the B-Zone. The mill operated for seven months and a gold-copper concentrate was sold to Noranda Ltd.

 

 

 

In 1984 and 1986, Robert S. Middleton Exploration Services completed extensive very low frequency electromagnetic (VLF-EM) and induced polarization (IP) surveys. Several weak IP anomalies were delineated, both under the lake and on land. Several of the anomalies appeared to align with known gold zones. At the time, Young-Shannon considered that the zones outlined by Chesbar-Murgold aligned with the A- and B-Zones on the Young-Shannon property.

 

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In 1989, Chesbar-Murgold mined a 10,900 t sample and reportedly sent it for treatment to the mill of Giant Yellowknife Mines Limited in Timmins.

Young-Shannon carried out a number of diamond drilling campaigns in the years 1987 to 1990 as summarized in Table 6-1 to define an indicated mineral resource on the C-Zone and an inferred mineral resource on the C-Prime Zone. These estimates pre-date NI 43-101 and should not be relied upon.

Table 6-1: Chester Property Diamond Drilling 1987 to 1990

 

Phase

   Number of Holes      Total Depth (m)  

I

     19        1,907  

II

     16        1,520  

III

     78        10,752  

IV

     69        10,516  
  

 

 

    

 

 

 

Totals

     182        24,696  
  

 

 

    

 

 

 

Significant intersections for this work have been set out in various reports by Constable (1988, 1989, and 1990) and Bullock (1991), cited in McBride (2002). Copies of the detailed diamond drill logs from this period are not available.

There are no records of work between 1990 and 1997. In 1997, Nord Pacific Limited (Nord Pacific) entered into an agreement regarding the Young-Shannon Property. The objective of this work was to outline an open pit gold resource. Work carried out by Nord Pacific was described by Hofer (1998) but copies of this report have not been located. McBride (2002) refers to the Hofer (1998) report. He notes that Hofer reported that 23 diamond drillholes aggregating 3,650 m were completed to test the C-Zone and were drilled to confirm the previous work by Constable (1990). A further six holes (1,190 m) were drilled to test geophysical targets.

After the drilling was completed, Nord Pacific prepared a resource estimate. This work outlined 10 separate zones in the C-Prime area, a distance of 180 m. While copies of the Hofer (1998) report are not available, the Hofer (1998) estimate was subsequently audited by McBride (2002). The McBride (2002) report is the source of the existing data. This estimate is considered indicative of the gold mineralization tested by Nord Pacific. Further, the estimate generally agrees with prior estimates by Constable (Bullock 1991, cited in McBride, 2002). Hofer does not appear to have classified the 1998 estimate.

Subsequent to the Nord Pacific work, there was a further hiatus until the report by McBride (2002) prepared for Northville Gold Corp. (Northville). It was reported at the time that Northville completed 24 diamond drillholes, 12 drillholes in 2002, and 12 drillholes in 2003.

 

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In 2004 Young-Shannon drilled an additional six diamond drillholes to extend the known mineralization laterally. These holes were designed to test the C-Prime Zone. Mr. D. Constable, P.Geo., was the Qualified Person for this program.

Young-Shannon carried out a further program in 2005 under the direction of Mr. G. Lipton, the QP for the program. Five holes were drilled in the 2005 program. As with the 2004 drilling, the target of this work was the C-Prime Zone.

 

6.1.2

Jack Rabbit (73), (76), and (77)

Zone 1 (73) was discovered by Murgold Resources Inc. (Murgold) in 1981. Its extension to the west was known as Chester Zone 2 (76). Work on Zone 1 and Zone 2 consisted of:

 

 

 

To the beginning of 1989, Zone 1 had been tested with 26 holes by Rockwell Mining Corp. (Rockwell), three holes by Kidd Resources Ltd. (Kidd Resources), and two holes by Monte Carlo Resources/Canadian Gold for a total of 13,886 ft.

 

 

 

In 1985, Pamour Porcupine Mines had also carried out a program of percussion drilling.

 

 

 

In 1989, Gold Bar drilled a further 34 holes totalling 17,028 ft on Zone 1. An IP survey was carried out over portions of the property. Novak (1989) estimated a “resource” in Zone 1 to the 600 ft level with an average width of 8.26 ft. The relevance of this estimate is that it provides an indication of gold mineralization; however, it is a historical estimate that does not conform to current CIM guidelines for Mineral Resource classification, and should not be relied upon.

 

 

 

In 1987, a 7,118 tonne bulk sample was removed from the Zone 2 and sent to the Diepdome mill in Timmins. Recoveries from this sample are unknown.

Referred to as Zone 3 or the Texas Gulf Zone, occurrence (77) was worked initially by Sulmac Exploration Services Limited (1965) and subsequently by Viewpoint Exploration Limited (1972), Texas Gulf Canada Limited (Texas Gulf) (1977-1979), Chester Resources (1981) and Rockwell (1982). Texas Gulf was interested in the copper potential and drilled nine holes on the zone with only modest results. During 1982, Rockwell drilled approximately 6,000 ft in more than 20 holes. During 1989, Gold Bar tested Zone 3 with a further 30,583 ft of drilling in 68 holes. In 1989, James Wade Engineering (Wade) estimated indicated “resources” for Zones 1 and 3 to a depth of 183 m. The relevance of this historical estimate is that it provides an indication of the mineral potential; however, it is a historical estimate that does not conform to current CIM guidelines for Mineral Resource classification, and should not be relied upon.

 

6.1.3

Murgold Chesbar (67), (68) (69) and (70)

Occurrences (67) and (68) have been known historically as the Kingsbridge or Gomak prospect. Gomak Mines worked the ground in the period 1932 to 1938 during which time

 

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a shaft was sunk to 75 ft depth and a total of 283 ft of drifting, crosscutting, and raising was done. A total of 1,387 tons were produced from the workings in 1936 from which 98 oz Au and 23 oz Ag were recovered. Chesgo Mines Limited (Chesgo) held the property from 1945 to 1948 and subsequently Kingsbridge Mines Limited, from 1967 to 1971.

In 1979, Murgold acquired, through options and staking, a large property package that included the four Murgold-Chesbar occurrences. Extensive surface stripping and trenching were carried out over the main veins and the claims were covered by airborne magnetic and EM plus photo-geological surveys. On the ground, these results were followed up with geological, geophysical, geochemical surveys and surface diamond drilling. This work led to the discovery of 12 separate vein structures, however, the main targets remained the No. 1 Vein (68) and No. 3 Vein (69).

Referred to recently as the No. 3 Vein System, occurrence (69) was investigated through surface work by Chesgo (1945-1948), Three Duck Gold Mines Limited (Three Duck) (1968-1969), Kingbridge Mines Limited (1969-1971), and Olympian International Resources Limited (Olympian) (1974-1975). Chesgo drilled 4,786 ft in 16 holes. Three Duck drilled 252 ft in three holes. Olympian drilled five holes totalling 1,340 ft and also collected two bulk samples of 47 tons and 49 tons which reportedly assayed 0.30 oz/st Au and 0.17 oz/st Au, respectively, over estimated widths of six to ten feet.

The earliest indicated work on the Strathmore prospect (70) was the sinking of the 116 ft Strathmore shaft, along with limited drifting, by Strathy Basin Mines Limited in 1938. In the period 1945-1948, Chesgo drilled two surface holes for a total of 482 ft. Strathmore Mines Limited rehabilitated the shaft and drilled a number of surface and underground holes in 1947. Rinaldi Mines Limited drilled four surface holes totalling 1,240 ft in 1963.

The 1980-1981 program of Murgold concentrated on the eastern part of the No. 3 Vein System (Strathmore prospect) with surface and underground work. The 100 ft level was sampled for 100 ft east and west returning grades of 0.192 oz/st Au over three feet for the eastern end and 1.03 oz/st Au for the western end. The drifts were extended an additional 140 ft to the west and 90 ft to the east, however, the grades were low. A 656 ton bulk sample from a stope on the west drift graded 0.34 oz/st Au. In 1982, 42 holes were drilled for a total of 12,776 ft and about two-thirds of this drilling was concentrated on the previously untested central section of the No. 3 Vein. Also in 1982, the Bates shaft (200 ft) was commenced on the No. 3 Vein System, 1,250 ft to the northwest of the Strathmore shaft (UTM Zone: 17 UTM 433617 E 5267013 N; NAD83). Through 1985, more surface work was done including trenching and drilling (McBride, 2002).

In 1986, Chesbar Resources Inc. (Chesbar) assumed management of the program and to 1988 drilled 56 holes totalling 19,040 ft on the No. 3 Vein System. Chesbar’s main effort from 1986 was the driving of a decline to investigate the No. 3 Vein System. When completed in 1988, the ramp was 5,500 ft in total length and had reached a depth of 530 ft. It had investigated the zone from east of the Strathmore shaft to west of the Watts Zone, the western surface extent of the No. 3 Vein System, a distance of 2,660 ft, and it had

 

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looked at the main mineralization on three levels to a depth of 500 ft. A total of 45,000 ft of surface drilling and 53,000 ft of underground drilling had been completed. In April 1989, an 11,000 tonnes surface stockpile was shipped to a custom mill in Timmins. Unfortunately the result of this test sample is not known (McBride, 2002).

In 1988, Murgold contracted Wade to resample and reevaluate the underground workings (O’Gorman, 1988) once the Chesbar sampling program was completed. In 1989, Murgold published an estimated “resource”. McBride (2002) suggested that there was a “measured resource” accessible from underground workings. The relevance of this historical estimate is that it provides an indication of the mineral potential. This estimate is a historical estimate, does not conform to current CIM guidelines for Mineral Resource classification, and should not be relied upon.

No further work had been carried out on the decline until Trelawny began dewatering and underground rehabilitation in the summer of 2010.

 

6.1.4

Crown Minerals Agreement

Occurrence (52) is known as Shannon Island and was found by Milton Jessop in 1933 while working for the Chester Shannon Group—Young Shannon GML. A 25 ft test pit was sunk. Reported gold values ranged between 24 g/t and 47 g/t, with 40 g/t Ag and 3.5% Cu, in a quartz vein.

In 1934, Young Shannon GML started shaft sinking on the old pit which achieved a depth of 125 ft and carried out 100 ft of lateral development by the year end. Old records indicate that the underground samples returned weighted average values of 17 g/t Au and 3.3% Cu over 1.5 ft in a number of zones down the shaft. In addition, 3,000 ft of diamond drilling was carried out. Results and location of the drilling are unknown.

In 1965, Chester Minerals Ltd. acquired the property and carried out a program of geological mapping, magnetic and horizontal loop electromagnetic (HLEM) surveying. Based on this work, five holes were drilled to test targets east of Shannon Island.

In 1973, Park Precious Metals dewatered the old shaft, extended the lateral development a short distance, and sampled the mineralized veins. Results from two rounds averaged 0.5 g/t Au, 0.18% Cu, and trace Ag. Results of a nearby diamond drillhole cored at this time were reported as “of no economic value”.

In 1980, Hargor Resources together with Canadian Gold and Metal Inc. carried out a regional airborne magnetic and very low frequency (VLF) electromagnetic survey, which covered the area.

In 1984, Chester Minerals carried out a geological evaluation of the occurrence in combination with other known occurrences on Clam Lake, and resampling of mineralization on the rock dump yielded 7.57 g/t Au and 1% Cu.

 

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In 1987, Young Shannon Gold Partnership carried out a seven hole diamond drill program totalling 679 m to test the mineralization in a sheared and brecciated structure plus other targets. The two intersections of the vein returned values of 19 g/t Au and 2.8 g/t Ag over 0.3 m and 9.5 g/t Au and 6 g/t Ag over 0.6 m.

 

6.2

Sanatana ROFR (TAAC East) Property

Historical exploration at the TAAC East property in 1981-2001 is summarized as follows:

 

 

 

In 1981, Canadian Crest Gold Mines drilled two holes for 404.77 m, south of the east arm of Clam Lake, in claim 3007643. These holes were drilled due south and tested the Clam Lake Trend, in an area of historical trenching shown in their reports. No assays are available.

 

 

 

In 1987, Emerald Isle Resources drilled seven holes (#01 to #07) for 379.48 m within claim 1246710. These holes were drilled with 015° and 195° azimuth along two east-west corridors (approximately 150 m and 250 m long) and spaced approximately 200 m apart. Granodiorite, diorite, mafic intrusive and diabase were intersected with 2% to 3% pyrite and pyrrhotite over 34.32 m to 41.14 m interval in drillhole #06 marking a visual highlight. No assays are given.

 

 

 

In 1987, Emerald Isle Resources drilled two holes (87-14, 87-15) for 181.05 m near the Canadian Crest Gold Mines (1981) drillholes, south of the east arm of Clam Lake. Emerald Isle Resources indicates that its holes were drilled beneath two of three existing trenches and near a 1971 Walker drillhole reportedly bearing free gold. Few narrow-widths intersections were noted.

 

 

 

In 2001, Emerald Isle Resources conducted power stripping at two locations northwest and north of Côté Lake. No gold assays are reported.

Exploration work completed subsequently by Augen during the period October 2007 to December 2011 is summarized in Table 6-2.

 

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Table 6-2: Summary of Exploration Work, TAAC East, 2007 to 2011

 

Exploration Survey

  

Location

  

Date

  

Comments

Airborne Survey (Magnetic, EM, Radiometric)

  

ROFR property (represents a portion of survey as the entire Augen South Swayze Property was covered)

  

Oct-2007

  

Drilling

  

3 programs—West Côté Lake Area

  

Mar-13-2010  to April-13-2010, Dec-08-2010 to Dec-04-2011

  

32 drillholes = 11,098.60 m

Petrography, Staining

  

West Côté Lake Area

  

March-2011

  

31 thin sections, 31 stained rock slabs

Prospecting

  

ROFR property (represents a portion of program as the entire Augen South Swayze Property was covered)

  

July-2008 to Nov-2008

  

11 grab samples

Prospecting

  

West Côté Lake Area

  

Aug-2010, Oct-2010

  

25 grab samples

Ground Mag, VLF, IP

  

1 survey—West Côté Lake Area

  

Aug-03-2010 to Aug-13-2010

  

JVX Ltd. 21.03 Line Km IP, 26.55 line km Mag/VLF; IP = n=2 on plan view, pole-dipole a=25 m, N=1 to 6 in pseudo-section, depth penetration ~ 100 m

Down-the-Hole IP Survey

  

1 survey - West Côté Lake Area

  

July-Aug-2011

  

9 drillholes surveyed

Soil Sampling for SGH Analysis

  

1 survey - West Côté Lake Area

  

May-2010 to Nov-2010

  

1,085 soil samples—SGH analysis for Au

Mechanical Stripping

  

1 program - West Côté Lake Area

  

Nov-2011

  

6 cleared areas, 31 channel samples

Till Sampling

  

1 survey - West Côté Lake Area

  

July-2011

  

57 till samples analyzed for gold grain abundance

Note. SGH – soil-gas-hydrocarbon

 

6.3

Trelawney Augen Acquisition Corp – West Property (TAAC West)

The Jerome Mine has been the primary target of past exploration and drilling on the TAAC property. This work spanned four main periods of activity: 1938 to 1945, 1956 to 1971, 1974 to 1989, and 1998 to 2006. Augen explored, drilled, and evaluated the Jerome Mine from 2007 to 2011.

According to the Ontario Ministry Mines and Northern Development, the Jerome Gold Mine produced 56,878 ounces of gold from 1941 to 1943 (303,966 t grading 6.72 g/t Au). Reference is made below to historical resource and reserve estimates from the Jerome Mine. IAMGOLD cautions that these are historical estimates, do not conform to current CIM guidelines for the preparation and classification of Mineral Resources, and should not be relied upon. They are referenced in this report as they indicate the potential of mineralization on the property. Other areas and targets of historical exploration and drilling

 

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completed on the property are described relative to the Ridout Series metasedimentary rocks as being within, north, or south of the “Temiskaming Band” relative to Schist Lake.

 

6.3.1

Jerome Mine 1938-1945

 

 

 

In 1938, Bert Jerome, a prospector for Mining Corporation of Canada Ltd. (Mining Corporation), discovered mineralization on the north shore of a peninsula on the south side of Opeepeesway Lake.

 

 

 

In 1939, Jerome Gold Mines, Ltd. owned 60% by Mining Corporation and 40% by Hollinger Consolidated Gold Mines, Ltd. was incorporated in the early part of the year. A three-compartment shaft was sunk to 520 ft on claim S-32071 in August and three levels were opened up, at depths of 200 ft, 350 ft, and 500 ft.

 

 

 

In 1940, development continued and production plans were firmed up.

 

 

 

In 1941, 500 stpd mill began production on August 20. The shaft was deepened to 835 ft, levels were cut at 650 ft and 800 ft, a loading pocket was created at 725 ft and ore and waste passes were developed to the 650 ft level. The production figures for the last five months of the year were 58,824 tons milled at 0.182 oz/st Au grade, producing 8,757 oz gold, and 2,440 oz silver. The average recovery (using a cyanide milling process) was 90.07%. Shrinkage stoping was used.

 

 

 

In 1942, production for the year totalled 168,628 tons milled at a 0.189 oz/st Au grade producing 29,480 oz gold and 7,744 oz silver. Recovery was 92.44%.

 

 

 

In 1943, the mill was shut down on August 31 because of a wartime labour shortage, although development and exploration work continued. The production summary for the eight months of operation was 107,608 tons milled at a 0.185 oz/st Au grade, producing 18,641 oz gold and 4,921 oz silver. Recovery was 91.87%.

 

 

 

During the period from September 1943 to June 1945, considerable underground development and surface and underground drilling was carried out, and by the end of 1945 ore reserves were reported.

 

 

 

In 1944, the shaft was completed in February to 1,138 ft. A station was cut at 950 ft, and a level was driven at 1,100 ft. During the final two years, 1944 and 1945, also referred to as the “development” years, the Jerome Mine employed 60 to 70 men, compared to the high of 211 during the most recent year of full production (1942).

 

 

 

In 1945, operations at the Jerome Mine were suspended at the end of August, underground machinery was removed, and the mine was allowed to flood. Watchmen remained on the property until 1955.

 

6.3.2

Jerome Mine 1956-1971

 

 

 

In 1956, a fire on October 6 destroyed the headframe and almost all of the surface buildings, plus the original mine records. Following this loss, the property was leased for use as a lumber camp by K.V.P. Company.

 

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In 1968, Brown Forest Industries purchased the site from Mining Corporation for use as a camp facility. Brown was subsequently purchased by E. B. Eddy Forest Products, Ltd.

 

 

 

In 1971, the camp closed down.

 

6.3.3

Jerome Mine 1974-1989

 

 

 

In 1974, E. B. Eddy undertook a surface diamond drilling program and drilled twenty-one holes, for a total of 8,414 ft. The holes were drilled east of the shaft, in the area of development (during the years 1944 to 1945) between lines 4500E and 11750E and between the 100 ft and 270 ft levels. Drillholes Eddy-1 to Eddy-15 were drilled south at a bearing of S30W. Holes Eddy-16 to Eddy-20 were drilled north at a bearing of N30E. Hole Eddy-21 was also drilled N30E but was collared far to the west, at Monella Point.

 

 

 

In 1980-81, Bridgeview Resources Incorporated optioned the property and carried out a program involving diamond drilling, geophysical work, shop construction, headframe and hoistroom rehabilitation, shaft rehabilitation to the 200 ft level, and underground sampling. Surface drilling consisted of eight holes totalling 2,710 ft to test IP anomalies in the mineralized (so-called shear) zone between 78E and 105E at the 100 ft, 200 ft, and 300 ft levels. Four of the five holes intersected gold mineralization. In 1983, Osway Explorations, Ltd. (Osway) made a deal with E.B. Eddy in mid-1983, which gave Osway the right to purchase the property for a cash payment of C$1,250,000 at any time prior to June 1, 1984. Alternatively, Osway was obligated to prepare and deliver to Eddy a feasibility report on the property by February 28, 1985. Osway apparently intended to pump out the mine but instead opted to have an “ore reserve” study undertaken by Hill-Goettler-De Laporte Ltd. (HGD, 1983). This study reported “mineable ore reserves”. This is a historical estimate and should not be relied upon.

 

 

 

In 1984, Muscocho Explorations, Ltd. (Muscocho) carried out its own geophysical surveys, diamond drilling, and “reserve” estimation. A feasibility study by Charpentier and others (January 1985) concluded that it did not meet a desired production threshold. However, it was noted that, “recent exploration work in the form of surface diamond drilling has indicated the potential for finding more ore on the property is excellent” and “an exploration program to increase ore reserves must be initiated immediately prior to making a final production decision.”

 

 

 

In 1987-89, Muscocho, as reported by Millard (1989), undertook an exploration program in order to maximize reserves accessible from the existing workings. The program included surface and underground diamond drilling, hoist installation, headframe and camp construction, dewatering, and shaft rehabilitation to the 500 ft level; exploration drifting on the 500 ft level east to test the South Zone 1-B; mapping and sampling on the 200 ft, 350 ft, and 500 ft levels; and property-wide geophysical surveys. This work clearly identified the existence of seven parallel zones of mineralization. Muscocho estimated probable and possible ore reserves accessible from the shaft and its associated workings. This is a historical estimate, and is only

 

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relevant as it indicates the potential mineralization on the property. Further work is required before this can be classified as a current Mineral Resource.

 

6.3.4

Jerome Mine 1998-2006

 

 

 

In 1998, Domtar Inc. (Domtar) purchased the Jerome Mine and patented claims from E. B. Eddy Forest Products Ltd.

 

 

 

In 2004, Domtar sold the Jerome Mine and patented claims to Boardwalk Creations, Ltd. (Boardwalk), a private Canadian corporation, in January. Boardwalk then staked claims in Osway, Huffman, Potier, Arbutus, Mallard, Esthern, and Benton townships, forming a claim holding that is 42 km in strike length. Boardwalk then sold these claim holdings to Osprey Gold Corp. (Osprey).

 

 

 

In 2004, Osprey completed thirty-three BQ sized diamond drillholes east-southeast of the Jerome Mine Shaft for a total of 18,780 ft (5,724 m) between June 9 and November 3. Many drillholes were designed to undercut the historic drillholes of E.B. Eddy (1974); and several were designed to intersect an untested mineralized block previously defined.

 

 

 

Osprey extensively sampled for assay in the first third of the program, but a limited number of samples were submitted for analysis thereafter due to financial decisions made by senior management.

 

 

 

2006: In October, Osprey sold the claims to Coldrock Resources Inc. (Coldrock), a private corporation registered in Ontario, and that same month Augen purchased the 63 patented claims (the Jerome Mine Property) and 119 staked claims from Coldrock.

As indicated above, in October 2006, Augen purchased the 63 patented claims comprising the Jerome Property as well as 119 staked claims from Coldrock. Exploration and drilling completed on the TAAC West Property by Augen is summarized in Table 6-3. The majority of the diamond drilling was completed at the Jerome Mine and indicated a good exploration potential that needs further assessment.

 

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Table 6-3: Summary of Historical Exploration TAAC West Property, 2007-2011

 

Location

  

Date

  

Comments

TAAC Property (represents a portion of survey as the entire Augen South Swayze Property was covered)

  

Oct-2007.

  

Jerome Mine

  

May-August, 2008

  

Logging, Addition Sampling, Magnetic Suscept,

Jerome Mine

  

Sept-2008

  

MPH Consulting—Check sampling of historical drill core from the various programs at Jerome

Jerome Mine

  

January-2009 to Sept-2009

  

Chris Marmont, Augen with Phil Burt Consulting & with MPH Consulting

Jerome Mine

  

Jan-April, 2008

  

21 drillholes = 10,449.00 m

7 areas - Brady Charron Option, Huffman West, Bi-Ore-Skye, South of Jerome, Jerome Mine, East Arm of Opeepeesway Lake, North Shore Areas

  

Oct-22-2009 to Dec-04-2011

  

148 drillholes = 32,728.00 m

Skye-Bi-Ore Area

  

Feb-2010.

  

1 thin section

5 surveys - Brady Charron Option, Huffman West, Bi-Ore, Skye, North Shore Areas

  

Oct-2009 to July-2011

  

JVX Ltd. 150.71 Line Km IP; 204.18 line km Mag/VLF; IP = n=2 on plan view, pole-dipole a=25 m, N=1 to 6 in pseudo-section, depth penetration ~ 100 m

1 survey - Main Part of Opeepeesway Lake

  

Feb-2011 to Mar-2011

  

JVX Ltd. 55.32 line km of Mag, VLF

Main North Shore Area

  

Oct-2011 to Dec-2011

  

Patrie Exploration ~ 50 line km of IP; IP = pole-dipole, a=50 m, n=1 to 6 on pseudo-section, depth penetration ~ 150 m

Huffman Lake Area

  

Oct-2011 to Dec-2011

  

Patrie Exploration ~ 70 line km of IP; IP = pole-dipole, a=50 m, n=1 to 6 on pseudo-section, depth penetration ~ 150 m

2 surveys - Jerome Mine, North Shore Area

  

July-Aug-2010, July-2011

  

35 drillholes surveyed (9+26)

1 survey - North Shore Area

  

May-2010 to Nov-2010

  

1,699 soil samples - SGH Analysis for Au

3 surveys - East Arm of Opeepeesway Lake, Main Part - Opeepeesway Lake, SW Extension—Opeepeesway Lake

  

Feb-March-2010, Jan-Feb-2011, Jan-Feb-2012

  

2,244 lake sediment samples - SGH Analysis for Au

1 survey - Huffman Area

  

Oct-2011 to Nov-2011

  

2,500 soil samples - Au + 32 Element ICP

TAAC Property (represents a portion of program as the entire Augen South Swayze Property was covered)

  

July-2008 to Nov-2008

  

940 grab samples - mainly as confirmation of historic gold occurrences

4 follow-up programs—Opeepeesway Lake Area

  

Oct-2010, Nov-2010, July-2011, Sept-2011

  

163 grab samples

Note. ICP – inductively coupled plasma

 

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6.4

Falcon Gold Option Property

The property under option by IAMGOLD from Falcon Gold is called the Burton Property. Gold was discovered on the Burton property circa 1928 by Archie Burton Sr. and Northern Aerial Minerals Exploration Ltd. and it appears from historical reports that the Burton family has controlled the ownership of mining claims in the immediate area since that time. The modern claims were recorded from September 1981 to November 1982 with one claim being recorded in October 1989.

The original discovery of 1928 is located on patented claim 31116. The original surface gold showing was trenched to the east for approximately 750 m. A shaft was planned to intersect down dip of the original showing but was abandoned at approximately 10 m depth, short of the target depth, due to flooding. Subsequently, the Burton property has been optioned to Hollinger Consolidated Gold Mines Limited (Hollinger), Burscott Mines Limited (Burscott), Canadian Nickel Company Limited (Canico), Grandad Resources Limited (Grandad), and Northern Mining Properties (Northern). The work and results of work programs completed by these companies were summarized by Constable (1996):

 

 

 

In the late 1930s and early 1940s, the Burton property was under option to Hollinger. Hollinger completed a 32-hole diamond drill program on the property. Their drill program consisted of a series of short drillholes in the immediate shaft area to establish the trend of the gold mineralization. Hollinger also stepped back from the shaft area and drilled a series of holes designed to intersect the Shaft Zone at depth. While numerous gold intersections were encountered in the Hollinger drilling, it was apparent that the geometry of mineralization was more complex in the Main Zone than a simple sheet-like gold-bearing horizon.

 

 

 

In 1945, Burscott carried out a 10-hole diamond drill program near the Shaft Zone and produced a historical estimate along a 76 m long, west plunging zone, all above the 91 m level. This is not considered suitable for public disclosure. Constable (1996) indicates that most of the details of the Hollinger and Burscott work no longer exist and only drillhole summaries and assays are available. Efforts at searching archives did not find any additional information.

 

 

 

During the period 1982 to 1985, Canico optioned the property and carried out a systematic program of line cutting, mapping, geophysics, geochemistry, stripping, sampling, and drilling (total of 2,096 m in 29 holes).

 

 

 

In 1987-88, Grandad Resources (Grandad) optioned the Burton property and completed a 31-hole diamond drill program totalling 3,077 m. Grandad also completed a limited humus sampling geochemical program and down-hole mise-à-la-masse geophysics. Grandad’s drilling was primarily located in the Shaft gold zone and G. R. Clark, consultant, concluded that the gold zone was striking north-south and dipping moderately westward (Clark, 1988). Clark recommended more drilling, which was not completed by Grandad.

 

 

 

In 1989, Northern Mining Properties optioned the property and re-assessed the work completed to date, focussing on previous drilling. This work included producing new vertical sections, longitudinal sections, and grade-thickness contours maps of the

 

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gold deposits (Bowen, 1989). An exploration program consisting of line cutting, magnetic, and IP geophysics, sampling, mapping, metallurgy, and diamond drilling was recommended. This work program was not initiated.

In 1996, Rainbow Petroleum Corp. (Rainbow) optioned the Burton property and during the period October 1996 to February 1997 re-established the grid and completed 3,327 m of diamond drilling in 33 holes. The drilling completed by Rainbow included 22 drillholes centred over the Shaft Zone, six drillholes to the east of the Shaft Zone, and five drillholes immediately west of the Shaft Zone. Gold mineralization was intersected in both the east and west drilling areas as well as in the Shaft Zone drilling.

Under an agreement dated March 25, 2010, Apex Royalty Corporation (Apex) purchased an undivided 100% interest in the Burton property. Apex completed line-cutting of a new grid over the Shaft Zone and East Zone. Gridlines were spaced 150 m apart, and the total length of grid (not including the 1,350m long baseline) was 7.3 line km. An EarthProbe high resolution resistivity/IP survey was completed over the grid.

Apex was acquired by Chesstown Capital Inc., which subsequently changed its name to Falcon Gold. in May–July 2011, Falcon Gold drilled 24 holes on the Burton property totalling 2,755 m with few encouraging intercepts.

 

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7.0

GEOLOGICAL SETTING AND MINERALIZATION

 

7.1

Regional Geology

The Project area is located in the Swayze greenstone belt in the southwestern extension of the Abitibi greenstone belt of the Superior Province. In very general terms, the Abitibi Subprovince comprises Late Archean metavolcanic rocks, related synvolcanic intrusions, and clastic metasedimentary rocks, intruded by Archean alkaline intrusions and Paleoproterozoic diabase dikes. Figure 7-1 shows the location of gold deposits and fault zones in the Abitibi Subprovince, modified from Dubé and Gosselin (2007), and Poulson et al. (2000). The traditional Abitibi greenstone belt stratigraphic model envisages lithostratigraphic units deposited in autochthonous successions, with their current complex map pattern distribution developed through the interplay of multiphase folding and faulting (Heather, 1998).

The Swayze belt, like the rest of the Abitibi greenstone belt, contains extrusive and intrusive rock types ranging from ultramafic through felsic in composition, as well as both chemical and clastic sedimentary rocks (Heather, 2001). The geology of the South Swayze belt underlying the Project area is illustrated in Figure 7-2 and Figure 7-3. All of the rock types within the Swayze belt are older than 2,680 Ma, with the oldest dates of 2,747 Ma (Heather et al., 1996). Igneous lithologies predominate and include both volcanic and plutonic rocks. The latter are found both internally in the supracrustal belts and externally, in large granitoid complexes. Sedimentary rocks occur mainly near the top of the succession.

Heather (2001) recognized six supracrustal groups; from the oldest to the youngest these are the Chester, Marion, Biscotasing, Trailbreaker, Swayze, and Ridout groups. These groups have subsequently been correlated by Ayer et al. (2002) with coeval assemblages across the southern Abitibi greenstone belt having similar characteristic features, respectively named the Pacaud, Deloro, Kidd-Munro, Tisdale, Blake River, and Timiskaming assemblages.

 

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Figure 7-1: Simplified Geology Map of the Abitibi Subprovince (Dubé et al. 2007)

 

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Plutonism in the Swayze belt lasted from 2,740 Ma to 2,660 Ma, during the entire period of volcanism and subsequent sedimentation. No geochronological evidence for pre-existing basement has been found. Plutonism continued after cessation of extensive volcanism. This was also a period of orogen-wide shortening across the entire Superior Province, an event that coincided with gold mineralization (van Breemen et al., 2006).

The Swayze area underwent a complex and protracted structural history of polyphase folding, development of multiple foliations, ductile high-strain zones, and late brittle faulting. The map pattern preserved within the Swayze belt is dominated by regional F2 folding, and anticlines and synclines with an associated S2 axial-planar foliation interpreted to have formed during orogen-wide shortening across the entire Superior Province. An important structural element is the Ridout Deformation Zone (RDZ), a major east-west high-strain zone that is interpreted to be the western extension of the Larder Lake-Cadillac deformation zone of the Abitibi belt (van Breemen et al., 2006). The F2 Ridout Synform coincides with the RDZ wherein intense deformation is characterized by profound flattening, tight to isoclinal folding, transposition, and locally a component of dextral simple shear in east-southeast striking zones (Heather et al., 1996). The Côté Gold deposit is not

 

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located within the RDZ. Metamorphic grade within the southern Abitibi greenstone belt ranges from sub-greenschist to greenschist.

In the Swayze belt there are at least four separate diabase dike swarms, ranging in age from late Archean to late Proterozoic: (1) the north striking Matachewan dike swarm, (2) the northwest striking Sudbury dike swarm, (3) the east to northeast striking Abitibi dike swarm, and (4) a late, southeast striking dike swarm.

 

7.2

Local and Chester Property Geology

 

7.2.1

Local Geology

The Chester township area overlies a narrow greenstone belt assemblage that extends easterly from the southeast corner of the Swayze belt proper to the Shining Tree area, approximately 60 km to the east. The greenstone (supracrustal) assemblage is part of the well-defined Ridout syncline that separates the Kenogamissi granitoid complex to the north from the Ramsey-Algoma granitoid complex to the south., (refer to Figure 7-2). The Kenogamissi complex, yielding ages of 2,747 Ma, consists of sheet-like dioritic and tonalitic intrusions, which are interpreted locally to be synvolcanic. The Chester Intrusive Complex (CIC), which hosts the Côté Gold deposit, is also synvolcanic and was emplaced along what is now the southern margin of the Ridout syncline. The CIC is a crudely stratified tonalite-diorite laccolith containing numerous screens and inclusions of mafic volcanic rocks.

The oldest rocks found in the Swayze belt are assigned to the Chester Group, which occupies the bulk of the stratigraphy of the Ridout syncline through Chester township and Yeo township to the west. Ayer et al. (2002) correlated the Chester Group with the 2750 Ma to 2735 Ma Pacaud assemblage, which comprises the oldest volcanic rocks in the southern Abitibi belt. The Chester Group includes (1) mafic volcanic rocks and amphibolite of the Arbutus Formation and (2) the overlying intermediate volcanic rocks with associated minor sedimentary rocks and iron formation of the Yeo Formation (ca. 2,739 to 2,734 Ma). Bedding and foliation are steep to vertical. Both formations are highly folded and flattened, presumably by the D2 and F2 events, between the diorite and tonalite intrusions of the Kenogamissi granitoid complex to the north and the synvolcanic Chester Intrusive Complex (2,741-2,2739 Ma. ,Katz, 2016) Ma) to the south (van Breemen et al., 2006) (refer to Figure 7-2 and Figure 7-3).

In the north central part of the Sourth Swayze belt, a package of mafic volcanic rocks occurs south of and stratigraphically below the Chester Group felsic volcanic rocks and iron formation (refer to Figure 7-3). These pillowed and massive volcanic rocks are interpreted to be the base of the Chester volcanic cycle.

 

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Figure 7-2: Regional Geology of Swayze Belt

 

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Figure 7-3: South Swayze Greenstone Belt Rock Type (December 2016)

 

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To the south of the Chester volcanic rocks is the 2740 Ma Chester Intrusive complex, an apparently undeformed and unstrained tonalite diorite intrusion (Heather, 1993; Heather et al., 1996). Locally, within the tonalitic phase of the complex, there is strongly developed, fracture-controlled (stockwork) magnetite-chlorite-epidote ± quartz ± sericite alteration which Heather et al. (1996) interpreted as positive indications for base metal mineralization.

An important structural element in the area is the RDZ, a major zone of east-west high strain that more or less follows the north boundary of Chester township, and extends a further 22 km to the west to Osway township where it is associated with the former Jerome gold mine. The RDZ is described as an anastomosing zone, up to 500 m wide, of high strain with local strong carbonate (calcite and Fe-carbonate), chlorite, sericite, and silica alteration within a wide variety of rock types. Kinematic indicators in the RDZ suggest that it was initially a zone of extreme flattening, probably related to early folding, that with progressive strain became a zone of oblique simple shear. Kinematic information indicates an early component of sinistral shear followed by a dextral component. Z-shaped folds of

 

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the schistosity are common within the RDZ. Elongation lineations and mineral lineations within high strain zones are moderately to steeply plunging (Heather, 2001).

The RDZ high-strain zone is localized within the F2 Ridout syncline which extends for at least 80 km in a generally east-west direction across the southern Swayze greenstone belt. The Timiskaming-like, Ridout Series metasedimentary rocks are localized within the core of the F2 Ridout synform and are interpreted to unconformably overlie the older metavolcanic and metasedimentary rock packages. According to Furse (1932): “In the Swayze area, the Ridout assemblage consists of a narrow band (less than 2 km) of steeply dipping turbidites, arkose and conglomerate, containing well-rounded pebbles and boulders of “granite”, chert, vein quartz, mafic metavolcanic rock, porphyritic rhyolite and rare jasper fragments.”

 

7.2.2

Property Geology

The Chester property contains calc-alkalic pyroclastic metavolcanic rocks of felsic to intermediate composition, felsic to intermediate intrusive rocks (predominatly tonalite and diorite) of the CIC, and related migmatites. Siragusa’s remapping (1993) and the Ayer and Trowell (2002) Compilation Map P3511 have been relied upon for the property geology where, as can be noted, granitoid rocks are depicted as the dominant lithology. Laird (1932) noted that, locally, the granitoid varies considerably in texture and composition and contains inclusions of older rocks. The texture varies from granular to porphyritic, while in other places it has the appearance of a quartz porphyry phase of the granite.

Large north and north-northwest trending diabase dikes crosscut the intrusive and supracrustal rocks. An available detailed aeromagnetic map of Chester township (Timmins Assessment File, T-3183) clearly shows the prominent north-south and northwest-southeast trends of diabase dikes which overprint any other magnetic fabrics.

Map P 3511, Geological Compilation of the Swayze Area, Abitibi Greenstone Belt (Ayer and Trowell, 2002) displays a 2 km wide belt of felsic tuff, lapilli tuff, tuff breccia and pyroclastic breccia (4bc) stretching across the northern end of Chester township and located just north of the Côté Gold property. Centred over the southern half of Bagsverd Lake (see Figure 7-4) is an area mapped as intermediate to felsic, variolitic flows (3c). West of Bagsverd Lake and straddling the western boundary of Chester township are two localized but interesting units mapped as 7db, chert and oxide and silicate facies iron formation, and 8db, Timiskaming-type mudstone, siltstone, and wacke. While stratigraphic relationships are not implied, units within 8db are most reasonably remnants of Ridout Series. Units 4bc and 7db are compatible with the Yeo Formation (Chester Group). Unit 3c is slightly more problematic as it could represent the basal Arbutus Formation of the Chester Group or the basal Rush River Formation of the Marion Group (which overlies the Chester Group).

 

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Figure 7-4: Chester Property Geology

 

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7.2.3

Côté Deposit Geology

The Côté Gold deposit is hosted by the ca. 2741 to 2739 Ma Chester intrusive complex (CIC), a multi-phase, laccolithic-shaped, synvolcanic intrusion composed of tonalite and diorite. The deposit is centred on magmatic and magmatic-hydrothermal breccia bodies that intrude tonalitic and dioritic rocks. The CIC intruded into the mafic volcanic rocks of the Arbutus Formation, which forms the basal formation in the Chester Group. The formation consists of low-K tholeiitic pillow basalts, mafic flows, and sills. The intrusive host rocks formed from a number of pulses of several distinct and evolving dioritic and tonalitic magmas that display complex crosscutting relationships (Katz et al., 2015).

A previous geochemical study by Berger (2012) suggested that tonalite and diorite phases of the CIC are genetically related; however, geochemical evidence from the Katz et al. (2015) study suggests otherwise. The diorite contains slightly elevated light rare earth element (LREE) patterns whereas the tonalite contains a relatively flat and less fractionated REE pattern. Although the tonalite and diorite have been demonstrated to be temporally related (Katz et al., 2015), the fractionation pattern suggests that they are genetically unrelated.

The diorite and quartz diorite phases are tholeiitic to transitional in nature, whereas the tonalitic phases have a calc-alkaline to transitional affinity. This spread of chemical affinity and, hence, petrogenetic associations for spatially associated rocks, in particular the quartz diorite-tonalite trondhjemite suites, has been previously documented and may indicate that the intrusive suite consists of a composite of differentiated lithospheric mantle and lower crust partial melts (Galley and Lafrance, 2014). The evidence suggests a spread across petrogenetic origins for tonalitic and dioritic phases (Katz et al., 2015).

Although petrogenetically unrelated, several high-precision U-Pb zircon geochronology dates for both the tonalite and diorite provide contemporaneous crystallization ages for these rocks. These results are supported by extensive observations in the field and in core both within the deposit area and regionally within the CIC.

The deposit is hosted by several tonalite and diorite phases that are intruded by both magmatic and hydrothermal breccias. Each phase is distinguished by their relative crosscutting relationships, texture features and chemistry and include: (1) tonalite; (2) diorite; (3) quartz diorite; (4) tonalite breccia; (5) hornblende-plagioclase ± quartz pegmatite; (6) diorite breccia; and (7) hydrothermal breccias(Katz, 2016).

The intrusive phases were followed by magmatic-hydrothermal brecciation and the emplacement of several stages of gold-bearing veins. Subsequently, the deposit was intruded by several types of dike rocks, and was subjected to deformation, in the form of deformation zones and brittle faulting.

The gold mineralization envelope, the post-mineralization dikes, and the main east-west fault zone are shown in Figure 7-5.

 

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Figure 7-5: Côté Deposit Geology

 

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7.2.4

Lithology Description

The following lithological descriptions correspond to the new nomenclature that was developed during the 2014 and 2015 drilling campaigns and was also used for re-logging of core from previous campaigns. This new nomenclature is based on research carried out at Laurentian University combined with the geological observations made by the site Project team.

The drilling programs of 2014 (19,140 m) and 2015 (5,082 m) and the re-logging of older core in 2014 (38,599 m) and 2015 (20,608 m) account for a total of 83,391 m with updated lithology description, or approximately 30% of the 282,086 m included in the database.

An internal document detailing various lithologies, alteration facies, and mineralization styles was developed by IAMGOLD to aid the core logging and ensure consistency of the logs.

 

7.2.4.1

Major Lithologies

Tonalite

Tonalite occurs as a sill-like bodies and is a medium-grained, equigranular to inequigranular, light to dark grey, intermediate intrusive rock. Tonalite occurs as the earliest phase in the deposit into which dioritic phases intrude but also occurs as a later more voluminous phase that intrudes dioritic phases (Katz et al., 2016).

Dioritic phases

In the deposit several co-temporal dioritic phases occur and include diorite, quartz diorite and hornblende-plagioclase ± quartz pegmatite. Diorite is typically equigranular, although plagioclase porphyritic varities occur, whereas quartz diorite is typically plagioclase ± quartz porphyritic and rarely equigranular. The diorite and quartz diorite intrude tonalite and commonly exhibit chilled or brecciated margins. Both melanocratic and leucocratic varities of the dioritic phases occur. The crosscutting relationship suggests that diorite evolved over time, fractionating to more leucocratic quartz diorite (Katz et al., 2016). Hornblende-plagioclase ± quartz pegmatite is the least abundant magmatic phase and generally occurs as small dikes of less than one meter in apparent thickness.

Tonalite Breccia

This unit is a magmatic breccia and formed as a result of tonalite brecciating diorite and rarely tonalite along its intrusive margins. Therefore, the tonalite matrix is mineralogically and texture identical to the tonalite described above (Katz et al., 2016). The diorite fragments range from centimeter to meter scale and are angular to round with sharp to

 

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diffuse contacts. Nearly all tonalite breccia observed is matrix supported. This breccia is also observed on the outside of the deposit area.

Diorite Breccia

A second type of magmatic breccia is present and formed as a results of dioritic magma brecciating tonalite and dioritic rocks (diorite, quartz diorite and hornblende-plagioclase ± quartz pegmatite). This breccia contains several different types of dioritic matrices: (1) medium- to coarse-grained melanocratic diorite; or (2) fine- to medium-grained typically quartz porphyritic melanocratic quartz diorite. The tonalite fragments range from centimeter to meter scale and are angular to round with sharp to diffuse contacts (Katz et al., 2016). Nearly all diorite breccia observed is matrix supported. The heterolithic nature of this unit, i.e., presence of both tonalitic and dioritic clasts, may suggest some transport of the clasts and late establishment. This breccia is also observed regionally.

Hydrothermal Breccia

The tonalite and diorite phases are intruded by a large, but overall discontinuous hydrothermal breccia body on which the Au(-Cu) deposit is centred. It is inferred to consist of several large and continuous injections plus a multitude of small, irregular, and discontinuous injections). Each breccia body ranges from 5 cm to more than 100 m in apparent thickness. The hydrothermal breccia displays various degrees of alteration (i.e., sericite, silicification-albitization), from low to extreme.

For the hydrothermal breccia, two matrix assemblages have been recognized:

 

 

 

An amphibole-rich hydrothermal breccia;

 

 

 

A biotite-rich hydrothermal matrix breccia.

The amphibole-rich hydrothermal breccia unit (Figure 7-6) is the least abundant breccia type and it appears to be restricted to the southern and central parts of the deposit area. The unit contains millimeter to centimeter scale tonalite and rare diorite fragments in a hornblende-quartz-biotite-carbonate matrix. This breccia post-dates the magmatic events. Some Au mineralization does occur in amphibole-bearing breccias, however, significant sulphide mineralization is rare with only minor disseminated pyrite and chalcopyrite associated with amphibole or biotite (Katz et al., 2016).

The biotite-rich hydrothermal breccia (Figure 7-6) predominantly occurs in the northern and central parts of the deposit. The breccia is monolithic and contains millimeter to centimeter scale tonalite fragments. The breccia matrix varies and consists of:

 

 

 

fine-grained biotite-quartz ± epidote ± carbonate ± pyrite ± chalcopyrite ± magnetite ± allanite ± titanite ± fluorite;

 

 

 

fine- to coarse-grained biotite-magnetite-quartz-carbonate-chalcopyrite-pyrite ±

 

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allanite ± bastnaesite ± apatite ± titanite with up to 50% magnetite;

 

 

 

biotite-carbonate-quartz-pyrite ± magnetite ± apatite ± chalcopyrite ± pyrrhotite with coarse biotite set in finer-grained quartz, carbonate and biotite groundmass (Katz et al., 2016).

All these breccia types are characterized by an increase in the amount of disseminated sulphides (up to 15% pyrite and chalcopyrite) compared to the magmatic or amphibole-rich hydrothermal breccias.

The matrix types appear to be zoned in their occurrence, the first type occurring mostly in the south and the latter two types occurring in the northernmost portion of the biotite-rich hydrothermal breccia body. Zonation of the matrix is also reflected in the metal association; the first type has an Au-Cu ± Mo association and a Te enrichment, whereas the northernmost part of the breccia unit also has an Au-Cu ± Mo ± Ag association and a Te enrichment. Crosscutting relationships of the breccia types also indicate that the biotite-rich hydrothermal breccia becomes more carbonate-rich with time.

The relative timing relationships suggest that hydrothermal brecciation post-date the magmatic brecciation. In addition, the breccia appears to be zoned such that the magmatic breccia dominates in the southern part of the deposit, whereas the biotite-rich hydrothermal breccia dominates in the northern part (Figure 7-6).

 

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Figure 7-6:

Compositional, Textural, and Metal Zonation of the Magmatic-Hydrothermal Breccia Body, IAMGOLD

 

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7.2.4.2

Minor Lithologies

Later Phases

A few identifiable phases have been observed throughout the deposit that post-date the host rocks of the CIC.

Quartz Feldspar Porphyry

This phase includes several types of plagioclase ± quartz porphyritic, grey to black, felsic to intermediate dikes.

Diorite and Gabbro Dikes

Occasionally melanocratic dioritic and gabbro dikes occur along with other more typical dioritic textures. These dikes have been demonstrated to be geochemically distinct from

 

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the dioritic phases of the CIC (Katz, 2016). They often display small or absent chill margins, differentiating them from most dikes.

Lamprophyre

Fine- to medium-grained, porphyritic dark green to black intrusive dikes. They are generally weakly to moderately foliated and occasionally display internal folding and crenulation.

Diabase

This dark grey to black mafic intrusive of the 2,452 Ma Matachewan Dike Swarm. The dikes strike north-northwest and are sub-vertical to steeply dipping northeast. They crosscut all rocks within the deposit but are offset by the late east-west trending main fault. These dikes are distinctive on aeromagnetic survey maps.

Heterolithic Quartz Carbonate Breccia

This late breccia is thought to be associated with, and the expression of, the main east-west fault structure where argillic alteration is absent, as well as secondary structures throughout the deposit. It is composed of very angular to rounded tonalite, diorite, quartz diorite, quartz, carbonate, and mafic fragments set in a veined to flooded matrix of quartz-carbonate-chlorite material. It may also occur as zones of quartz carbonate flooding and veining without any brecciation, which are commonly found around cores of breccia development.

Fault Breccia

This heterolithic matrix supported breccia is generated by brittle faulting. Clasts of all lithologies as well as quartz and carbonate are mm to cm scale and angular to rounded.

 

7.2.5

Post-Emplacement Veining and Alteration

Several types of magmatic-hydrothermal alteration are spatially associated with mineralization at the Côté Gold deposit. In paragenetic sequence, the dominant minerals associated with these alterations are amphibole, biotite, sericite, sodic, epidote, and chlorite (after biotite). Less frequent alteration such as hematite, leucoxene, fuchsite, and clay was also observed.

The study and description of alteration types at the Côté Gold deposit is complicated by syn-tectonic alteration associated with regional D2 deformation zones, including chlorite, sericite, silica, Fe- and Ca-carbonate, sulphidation, and tourmaline alteration (Heather,

 

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2001). At the deposit scale, syn-tectonic silica and sericite alteration are associated with D2 deformation zones. Several discrete syn-tectonic shear zones, typically less than three meters wide, cut through the deposit. Within the shear zones, there is the development of locally strong, pervasive sericite and silica alteration which overprints earlier syn-intrusion amphibole, biotite, sericite, sodic and epidote alteration. Typically, these shear zones do not contain mineralization, however, they can be mineralized when cutting through previously mineralized zones, such as a breccia unit or sheeted veins (Katz et al., 2015).

 

7.2.5.1

Major Alteration

Amphibole

Amphibole alteration is rare in the deposit, and occurs as a variety of amphibole-rich veins and breccias. This assemblage consists of hornblende ± apatite ± titanite ± magnetite ± quartz ± albite ± biotite ± pyrite ± chalcopyrite. These amphibole-rich veins crosscut the tonalite, diorite, and the magmatic breccia and, therefore, post-date magmatic events. These veins appear to be spatially restricted to the south of the deposit and represent the earliest hydrothermal alteration type associated with Au mineralization (Katz et al., 2015).

Biotite

Biotite alteration is ubiquitous throughout the deposit and alters all intrusive phases. The biotite assemblage consists of biotite ± quartz ± magnetite ± epidote ± allanite ± carbonate ± pyrite ± chalcopyrite ± pyrrhotite ± titanite ± apatite ± bastnaesite ± fluorite. This assemblage occurs in the matrix of the hydrothermal biotite breccia, as disseminations in tonalite and diorite, in stockwork zones and in sheeted veins. The biotite assemblage in the matrix of the hydrothermal biotite breccia is not the result of alteration, but forms as a primary hydrothermal assemblage. Biotite occurs as disseminated anhedral to subhedral, fine-grained (less than 1% to more than 50%) disseminations that partly replace primary plagioclase and amphibole, as well as amphibole in veins and breccias (Katz et al., 2015; Katz, 2016).

Sheeted veins consist of east-west trending, planar, subparallel, moderately to steeply dipping, closely (centimeters to tens of centimeters apart) to widely (several meters apart) spaced veins that occur throughout the deposit. These sheeted veins are also found outside the deposit within the CIC. These veins contain quartz-biotite-pyrite ± chalcopyrite ± pyrrhotite ± carbonate ± titanite ± allanite and are therefore inferred to be early, having formed during biotite alteration, but are typically overprinted by sericite alteration and deformation resulting in distinct sericite alteration haloes with or without shearing. The various types of biotite alteration are partially to wholly altered by chlorite (Katz et al., 2015).

 

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Sericite

The sericite-bearing alteration assemblage consists of sericite-quartz ± carbonate ± pyrite ± chalcopyrite ± chlorite ± rutile and occurs throughout the deposit. Sericite is light grey to dark grey and rarely green-grey with fine-grained, elongated to stubby grains that replace primary plagioclase. Sericite alteration is generally fracture-controlled as veins, disseminations, and pervasive types. Sericite often forms alteration halos surrounding stockworks and sheeted veins, both of which contain an earlier biotite alteration assemblage. Although the extent of sericite alteration has not been fully determined, it is strongest within the centre of the deposit with its intensity decreasing with distance from the core of mineralization (Katz et al., 2015). Within the deposit area, the sericite alteration occurs as haloes around veins to larger alteration fronts, and is extremely heterogeneous, with size varying from meter to decimeter scale (Figure 7-7).

 

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Figure 7-7:

Sericite Alteration – Skidder Outcrop (November 2014)

 

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Sodic Alteration

Sodic alteration is a texturally destructive alteration that occurs as vein-controlled alteration, as well as a pervasive type that overprints earlier biotite and sericite alteration. The alteration envelope can be more than 200 m wide, moderately to steeply dipping to the north or northwest, and is most intensely developed towards the centre of the deposit. This alteration also overprints the mineralized breccia body. In drill core, this alteration is characterized by bleaching, destruction of primary textures, including grain boundaries, and replacement of mafic minerals. In thin section, this alteration is characterized by replacement of plagioclase by albite, grain-size reduction, and sutured grain boundaries due to dissolution of plagioclase and quartz. Gold mineralization can be spatially associated with this alteration; however, no consistent correlation has been observed (Katz et al., 2015).

This alteration is extremely heterogeneous; it can form alteration fronts ranging from centimeters to decimeters where the alteration effect varies from low to extreme within a larger envelope. The variability of sodic alteration on the outcrop scale is well demonstrated on the Skidder Outcrop (Figure 7-8).

 

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Figure 7-8:

Silica-Sodic Alteration – Skidder Outcrop (November, 2014)

 

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Epidote

The epidote-bearing alteration, consisting of an epidote ± quartz ± carbonate ± chlorite assemblage, occurs as both disseminated and vein-controlled alteration. Epidote occurs as fine-grained anhedral disseminations in the groundmass replacing primary plagioclase and amphibole. An area of vein-controlled epidote alteration is restricted to an approximately 300 m wide by 400 m long zone in the northernmost part of the deposit. Epidote alteration is rarely associated with Au mineralization. This alteration is inferred to be syn-intrusion due to its spatial distribution in the deposit (Katz et al., 2015). Not to be confused with this alteration is the presence of weakly developed, patchy disseminated epidote alteration that occurs throughout the deposit and is interpreted to be a result of later greenschist facies metamorphism.

Chlorite

Chlorite is ubiquitous throughout the deposit and occurs as disseminated, replacement, and vein-controlled alteration. Petrographic observations indicate chlorite partially to wholly replacing plagioclase, amphibole, and secondary biotite. As a result of replacing biotite, titanium-bearing phases, such as rutile, form in association with chlorite. The timing of chlorite alteration is not fully constrained and therefore its importance in terms of deposit formation is unclear. Gold mineralization is spatially associated with hydrothermal chlorite alteration, but its genetic association is not fully understood as it pseudomorphs earlier, higher temperature hydrothermal biotite (Katz L., 2015).

 

7.2.5.2

Minor Alteration

Hematite alteration is minor, and currently thought to be associated with the mafic dikes that crosscut the deposit. Fuchsite and leucoxene are secondary alterations observed to be associated with areas of strong sodic alteration. Argillic alteration, which is not considered as a true alteration, is restricted to areas chiefly proximal to the main fault.

 

7.2.6

Mineralogy and Mineralization

Two different types of gold mineralization are recognized on IAMGOLD’s Chester township properties. The historically important mineralization can be termed quartz vein and fracture associated (Type 1), while the new Côté Gold deposit is interpreted by Kontak et al. (2012) as an Archean intrusion-related Au(-Cu) deposit (Type 2).

 

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Property Mineralization (Types 1)

The Type 1 quartz vein and fracture mineralization occurs in the Chester 1, 2, and 3 areas on the Chester property and elsewhere in the Project area at the Shaft Zone on the Falcon Gold Option property.

Côté Gold Deposit Mineralization (Type 2)

The Côté, Type 2, gold mineralization consists of low- to moderate-grade gold (±copper) mineralization associated with brecciated and altered tonalite and diorite rocks.

Several styles of Au mineralization are recognized within the Côté Gold deposit, and include disseminated, breccia-hosted and vein-type, all of which are co-spatial with biotite (± chlorite), sericite and sodic alteration.

Disseminated mineralization in the hydrothermal matrix of the breccia is the most important style of Au(-Cu) mineralization. This style consists of disseminated pyrite, chalcopyrite, magnetite, gold (often in native form), and molybdenite in the matrix of the breccia and is associated with primary hydrothermal biotite and chlorite after biotite. In contrast, disseminated biotite and chlorite (after biotite) alteration are not typically associated with gold mineralization. Disseminated mineralization is associated typically with sericite or sodic alteration (Katz, 2016). Disseminated gold and chalcopyrite are intergrown with biotite/chlorite in the tonalite and breccia unit (Katz et al., 2015).

The nature of the veins and fractures vary from stockworks to closely spaced, planar, subparallel sheeted vein sets. Stockwork mineralization cuts through all major rock types, but is most prominent in the more brittle tonalitic phases versus the dioritic phases and formed during the biotite alteration event (Katz et al., 2015; Katz, 2016). The mineralized sheeted veins and stockwork zones cut the hydrothermal breccia and therefore post-date the breccia-controlled mineralization. Miarolitic-like cavities, which consist of millimeter to centimeter size openings lined with feldspar, carbonate and sulphide, can also contain gold. Importantly, the gold-bearing sheeted veins have been shown to be syn-intrusion in timing based on a structural study in the deposit area (Smith, 2016). In addition, Re-Os molybdenite dating of one of these gold-bearing veins returned an age of 2746.8 ± 11.4 Ma, which overlaps with the age of the intrusive events.

Visible gold is observed in several settings within the deposit:

 

 

 

Quartz ± carbonate ± biotite/chlorite veins: gold is observed to be hosted within the vein quartz and also along fractures cutting the vein. Sulphides include pyrite, chalcopyrite and pyrrhotite.

 

 

 

Sheeted syn-intrusion-related veins: a set of subparallel, sheeted, millimeter to decimeter scale quartz ± carbonate ± chlorite veins with 0.5% to >50% pyrite ± chalcopyrite ± pyrhotite that commonly contain millimeter to centimeter scale barren sericite alteration haloes. These veins have been interpretated to be syn-intrusion in

 

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timing (Smith, 2016) and are also found outside the deposit within the CIC (e.g., Chester 1, 2 and 3).

 

 

 

Magmatic-hydrothermal breccia: gold is more commonly observed in larger, well-developed shoots but is also observed in submillimeter veinlets of obvious hydrothermal provenance. At hand sample scale, gold appears to have some correlation with chlorite, sulphides, and magnetite.

 

 

 

Miaroles: gold is observed hosted within miarole quartz, in fractures cutting primary miarole minerals, and within the host rock, proximal to the host/miarole interface commonly within a moderate to intense silica and/or sericite alteration halo. Importantly, the hydrothermal system is observed to replace the common carbonate cores of miaroles, which may subsequently host gold.

 

 

 

Alteration related/ /disseminated: gold is observed proximal to veining and within apparent sodic ± sericite ± biotite/chlorite alteration halos. It is also found as isolated grains with no apparent control or related structure most commonly in tonalites, but also in diorites, commonly with moderate to intense sodic and/or sericite alteration of the host. It may also be associated with biotite/chlorite.

The hydrothermal breccia and the associated hydrothermal alteration zones are the material component of the mineralization providing the mineable widths and grades to the deposit. Areas outside of its significant development are likely not a significant contribution to economically important mineralization. The various gold-bearing quartz vein systems, also found immediately adjacent to the pit, serve to upgrade the hydrothermal envelope where they are present. The amount of gold contributed by these quartz vein systems to the deposit is difficult to determine but is thought to be of some significance to overall metal content.

 

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8.0

DEPOSIT TYPE

The Côté Gold deposit is a new Archean low-grade, high-tonnage gold (± copper) discovery. It is described as a synvolcanic intrusion-related and stockwork disseminated gold deposit (Kontak et al., 2012, Katz et al., 2015, Dubé et al., 2015, Katz, 2016). Deposits of this type are commonly spatially associated with and/or hosted in intrusive rocks. They include porphyry Cu-Au, syenite-associated disseminated gold and reduced Au-Bi-Te-W intrusion-related deposits, as well as stockwork-disseminated gold.

The Côté Gold deposit appears to correspond to the porphyry style. It is located in the southern limb of the Swayze greenstone belt part of the gold-rich Abitibi subprovince. At Côté, the zones of mineralization are centred on multi-phase magmatic and hydrothermal breccias, including a mineralized Au-Cu±Mo±Ag hydrothermal breccia that intrudes tonalitic and dioritic phases of the CIC (Katz et al., 2015). U-Pb zircon and titanite and Re-Os molybdenite dating highlights the co-temporal link between magmatism and hydrothermal events (Katz, 2016). The hydrothermal breccia is itself overprinted by several types of hydrothermal alteration associated with mineralization. The age of this syn-volcanic-hydrothermal system is ca. 2740 Ma (Katz, 2016).

Two molybdenite samples, one from a fracture coating in tonalite and the other from a gold-rich quartz-chalcopyrite-molybdenite vein in the Côté Gold deposit, were dated by the Re-Os method at the Radiogenic Isotopic Facility at the University of Alberta and returned ages of 2,737 and 2,741 ± 7 Ma (Kontak et al., 2012). Two additional molybdenite samples were dated by Katz (2016) to further constrain the timing of the gold mineralizing event using the same method and lab and returned ages of 2,746.8 ± 11.4 and 2736.1 ± 11.4 Ma. When all four ages are pooled they give an age of 2740.2 Ma ± 5.6 Ma (MSWD = 0.73), which overlaps with the ca. 2741 to 2739 Ma age of the host rocks. These results indicate that the gold mineralization is of hypogene origin and provides additional evidence that the deposit is syn-magmatic and supports a porphyry style model. Furthermore, this deposit now represents the oldest documented gold mineralization within the Abitibi Subprovince (Kontak et al., 2012).

 

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Figure 8-1:

Representation of a Simple Porphyry Copper System on the Boundary between the Volcanica and Plutonic Environments

 

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9.0

EXPLORATION

 

9.1

Overview

Exploration activities on the South Swayze properties of IAMGOLD focused on areas generally outside the Côté Project as part of a multi-year exploration program initiated in 2013. Numerous gold showings are documented both within the host CIC, and in the enclosing volcanic/sedimentary units of the South Swayze greenstone belt. Regional exploration work has been completed to evaluate many of the highest priority targets for potentially economic bulk tonnage intrusion-hosted gold deposits and also to test for higher-grade structurally-controlled orogenic or shear-hosted gold mineralization.

The South Swayze land holdings are subdivided into three geographic areas for exploration purposes, namely the Chester Area (central), South Swayze West (western area), and South Swayze East (eastern area).

Exploration work completed to date on Chester Area properties includes soil sampling, prospecting, geological mapping, geophysical surveying, mechanized stripping, and diamond drilling. Exploration targets on Chester Area properties situated outside of the Côté Gold deposit include the HAVA Zone and Baxter Trends (Clam Lake), Young-Shannon, JR 1-3 Zones & Jack Rabbit Extension, and the TDL Zone southeast of Côté (Figure 9-1).

The most significant exploration work completed to date has been on the HAVA Deformation Au Zone (HDZ Zone) discovered in 2013 on the Clam Lake property. The 2015 exploration work culminated in the fall diamond drilling program aimed at testing high-priority targets at Clam Lake, Three Duck Lakes, South Côté, and Weeduck Lake. Follow-up work in 2016 included additional diamond drilling, ground IP surveying and geological mapping.

Exploration work completed by IAMGOLD on the South Swayze West properties has recently focused on exploring prospective geological contacts (Temiskaming sediment/felsic porphyry), gold-bearing shear zones, and second-order splay structures of the RDZ. Soil and humus sampling, prospecting, geological mapping, mechanized stripping, and diamond drilling programs have been completed.

Surface exploration on the South Swayze East properties included line-cutting, soil and humus sampling, IP surveying, geological mapping, prospecting, outcrop sampling, and diamond drilling. In addition, claim geo-referencing was completed on one property. These programs were undertaken on the Trelawney East, Arimathaea East, King Errington, and Sheridan Option properties.

 

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9.2

Côté Property

 

9.2.1

Drilling Program of the Côté Deposit

The details of the 2009-2016 drilling program of the Côté Gold deposit can be found in Section 10.

 

9.2.2

Geological Mapping

Geological mapping over the Côté Gold deposit key outcrop exposures has been on-going over several field seasons. In the fall of 2013, a mapping program over the entire area within the proposed pit shell commenced. This mapping program assisted in validating the geological interpretations of the 3D deposit model.

 

9.3

Chester Area Properties

 

9.3.1

Clam Lake and Leliever

During the 2013 field season, work completed by IAMGOLD consisted of detailed compilation, prospecting, and geological mapping (Figure 9-2).

 

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Figure 9-1:

Chester Area Gold Zones (IAMGOLD, 2016)

 

LOGO

Compilation of all historical work in Geovia GEMS and Arc GIS platforms was first completed to highlight significant gold showings and to outline the most prospective targets for additional work. Exploration work focused within the Clam Lake property, the Leliever Option, and the West Côté property. Geological mapping and surface grab and channel sampling were completed in 2013. Key targets included the previously discovered Baxter and Hopkins trends as well as several historical gold-bearing zones identified by surface grab sampling.

A three-hole diamond drill program totaling 892.5 m was completed in late 2013 and was successful in discovering the HAVA Zone. Subsequent down-hole rock property surveying and geology and structural modelling were completed by DGI Geosciences to better understand the zone orientation and host stratigraphy.

 

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Figure 9-2:

Clam Lake Geology and Gold Zones (IAMGOLD, 2016)

 

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Exploration in 2014 continued with geological mapping and surface sampling in proximity to the HAVA zone and culminated in a 12 hole (2,841 m) drill program. This program was successful in extending the strike length of the HAVA Zone and also outlined two additional zones: the gold-bearing Pyrite-Sphalerite Zone located to the north of the HAVA Zone; and the upper Quartz-Sulphide Zone parallel to the HAVA Zone.

Exploration work in 2015 comprised physical rock property analyses, mechanized stripping of the HAVA Zone, and a seven-hole (1,659 m) drill program designed to test the HAVA Zone for easterly and down-plunge continuity and the Pyrite-Sphalerite Zone for its potential strike extent. Drilling was successful in discovering narrow gold-

 

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rich intervals and effectively extending the HAVA Zone further to the east by 100 m. It also outlined narrow quartz -sulphide veins up to 10 cm wide with anomalous Au in the hanging wall.

Work completed in 2016 on the Clam lake property included geological mapping, minor in-fill IP surveying (on grid line extensions) and diamond drilling (4 DDH, 1331 m) to investigate for an eastern extension of the Hava Deformation Zone (HDZ), and to test south of the HDZ to investigate IP and magnetic responses in close proximity the HDZ.

Work on the Leliever property has been limited over the period 2013 to 2015; however, several small campaigns of litho-sampling and prospecting were completed. In 2016, a brief review of previous Augen lithosampling and diamond drilling was performed.

 

9.3.2

Jack Rabbit

During the 2013 field season, work completed by IAMGOLD consisted of detailed compilation, geophysical interpretation, prospecting, and geological mapping (Figure 9-3).

Compilation of all historical work and geophysics data was completed in Geovia GEMS and Arc GIS platforms which helped define areas of interest and priority targets. Work focused within Jack Rabbit historical Zone 1 (No. 20 Vein), Zone 2, and Zone 3 (Texas Gulf Zone) followed by the Murgold Chesbar Zone as well as multiple surrounding surface showings. Geological mapping and prospecting was completed over approximately 75% of the property in 2013, and two drillholes (495.3 m) were completed in early December, targeting the western extension of Zone 2 and the north branch of Zone 1 (No. 20 Vein). Narrow sulphide-bearing mineralized zones comprising quartz-sulphide veins were delineated, with the most favourable results on the western extension of Zone 2.

The property was advanced in 2014 with continued geological mapping and sampling of prospective Au-sulphide shear zones in attempts to better define the stratigraphy and structures hosting the known gold zones. This work continued in 2015 and added one additional zone to the list of targets requiring further work, the South Road Quartz Zone. The area northeast of Zone 2 was evaluated by manual stripping of historic trenches, resulting in the discovery of highly anomalous gold values within intensely altered shear zones in tonalite. A four-hole, 921 m drilling program was conducted in late October – early November to evaluate the eastern strike extent and depth potential of Zone 2 and the South Road Quartz Vein in proximity to anomalous IP chargeability.

Work completed in 2016 on the Jack Rabbit target included geological mapping, mechanized stripping, channel sampling, and diamond drilling of the Zone 2 East Extension. Geological mapping and mechanized stripping was successful in extending the Au-bearing shear zones for 170 m east of the eastern edge of Zone 2. Diamond drilling (2 DDH, 590 m) was also completed on both the JR #2 Zone and the east extension.

 

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Figure 9-3: Jack Rabbit Geology and Au-Bearing Mineralized Zones (IAMGOLD, 2016)

 

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9.3.3

Other Chester Area Properties

In addition to Clam Lake, Leliever, and JackRabbit, three other Chester Area properties have been subjected to specific exploration campaigns generally over the period 2014-2016.

South Côté Condemnation Area / Three Duck Lakes area

Geological mapping and sampling was completed in 2014-2015 with an objective to trace Au-bearing structures intersected in 2012 condemnation diamond drillholes, the best of which returned 19.01 g/t Au over one meter (CL12-25). A two-hole, 634 m program was completed in 2015 to determine if these Au-bearing structures had strike continuity or depth extent.

Geological mapping, prospecting, and sampling on the east shore of Three Duck Lakes in 2015 helped to define the location and nature of four historic Au-bearing veins (Veins 1, 2, 2’, and 8) with surface sampling yielding up to 8.68 g/t Au in grab samples. Mapping served to identify a zone of strongly silicified and albitized tonalite (South Côté Alteration Zone) approximately 2 km to the southeast. A drilling campaign was completed in November 2015 (three holes, 1,024 m) with the Three Duck Lakes vein systems tested for possible

 

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northwest strike extensions in an area of favorable IP chargeability. In addition, the South Côté Alteration Zone was tested with a single drill hole.

IP geophysical surveying was started late in 2016 to cover the East Chester grid area with the hopes of tracing favorable structures outlined in the Three Ducks Lake / South Chester areas. The work was needed to determine if these structures were associated with the Au mineralizing events in the Côté deposit.

South Côté SGH target

Geological mapping, prospecting, and sampling was first completed in this area in 2014 and follow-up litho-sampling was completed in 2015. Grab samples in proximity to the anomalies returned Au values ranging from nil to 1.45 g/t Au from silicified tonalite containing quartz vein networks and fracture-fill quartz veins. The proximity of SGH geochemistry anomalies to the main Côté Gold deposit and the presence of elevated Au in B-horizon soils warranted additional follow-up, and a two-hole, 600 m diamond drill program was initiated in November 2015 to test each of these anomalies.

Figure 9-4: Exploration on Other Chester Area Properties (IAMGOLD, 2016)

 

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9.4

South Swayze East

 

9.4.1

Sheridan Option Property

The Sheridan Option claims underwent a three-phase exploration effort in 2013, with the result being the identification of lithologies similar to those found directly in the Côté Gold deposit, including tonalite, tonalite breccia, diorite, and diorite breccia. These units are interpreted to belong to the CIC and are therefore prospective for similar styles of mineralization to Côté Gold deposit. Exploration work completed in 2013 included:

 

 

 

452 soil samples were taken throughout the Sheridan Option (phase I)

 

 

 

66 rock-grab samples were taken in the northernmost claims (phase I)

 

 

 

2.03 km2 of geological mapping, northernmost and central claims (phase I and II)

 

 

 

19.65 line-km of IP chargeability/resistivity surveying on the Sheridan Option (phase II)

 

 

 

545 m of BQTK size core was drilled on the Sheridan Option in 2013 (phase III)

 

 

 

6 claims geo-referenced of the northernmost claims (phase I)

In 2014 and 2015, the final geo-referencing work was completed for the remaining claims. In early 2015, the South Sheridan grid was extended to the west and six lines of IP surveying were completed targeting an area with several B-Horizon soil anomalies.

In 2016, the option property was reduced in size with specific claims in the south part of the property allowed to lapse. Future exploration work on the property is contemplated in conjunction with the adjacent 2-claim Makwa property. The work will entail geological mapping and prospecting follow-up.

 

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Figure 9-5: TME / Arimathaea East and Sheridan Area Property Locations (IAMGOLD, 2016)

 

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9.4.2

Trelawney Mining and Exploration Properties

All of the 100% owned Trelawney properties (North, South, and East blocks) were geo-referenced in 2013 and provided assessment work to keep the mining claims in good standing. This also better defined borders of the claims as potential unpatented claim boundary changes come to the forefront as the MNDM moves towards provincial grid/online staking.

Exploration work on the Trelawney South (Yeo) Block was completed in 2015 to evaluate the north central portion of the property where the stratigraphy is dominated by mafic to intermediate volcanic flows with interflow sediments and quartz feldspar porphyry intrusive sills. A widely spaced reconnaissance B-horizon soil survey was completed over specific structurally interpreted features (geological contacts, folds, and magnetic breaks). Future prospecting and geological mapping has been planned to follow-up Au anomalies identified in the B-horizon soil sampling survey as part of a larger program encompassing the neighboring Watershed West property.

 

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9.4.3

Arimathaea (Ontario 986813 Ltd.) Property

In early January 2014, the Arimathaea Northeast Block was geo-referenced in its entirety. A total of seven claims (543994, 543995, 543996, 543818, 543819, 543821, and 543827) were geo-referenced for all corner, witness, and directional posts. The geo-referencing work will provide assessment work to keep the mining claims in good standing. It was also completed to better define borders of the claims as boundary changes must be recorded as the MNDM moves towards a provincial grid/online staking.

Exploration work on the Arimathaea east property in 2015 and 2016 comprised predominantly geological mapping and IP surveying as part of the larger Errington and Errington West grids described below.

 

9.4.4

TME East (Benneweiss) and Arimathaea East (Ont 986813 Ltd.) Properties

Exploration work spanning these two properties commenced in 2014 with the completion of line cutting, IP geophysical surveying, geological mapping, sampling, and diamond drilling (three drill holes, 815 m) on the Arimathaea East portion of the property. Previous work by Trelawney in 2013 included reconnaissance geological mapping and the completion of one stratigraphic drill hole in the south part of the property.

The area of investigation expanded to the east in late 2014 and early 2015 with the recognition of significant magnetic breaks, possibly representing second order structural splays from the RDZ along the north margin of the property. Line cutting, IP surveying, geological mapping, prospecting, humus, and B-horizon soil sampling and diamond drilling (four drillholes, 1,547 m) were completed in 2015. Targets included sheared geological contacts, favourable IP chargeability anomalies, magnetic breaks, and recently discovered quartz vein stockwork zones and sediment-hosted sulphide zones.

Exploration in 2016 consisted of geological mapping and sampling with some prospecting, humus sampling, 28.7 km of gridding and PDIP surveys, and one (1) diamond-drilling hole totaling 506 meters, as part of 526-meter program.

 

9.4.5

King Errington (Spyder) Claims

Exploration work completed on the King Errington property in 2015 focused on the delineation of the King Errington main zone, which comprises a series of quartz-sulphide veins and veinlets in a highly silicified and fractured diorite. The zone is interpreted to be a third order growth structure and splay from a large northeast/southwest structure coincident with the Errington Creek drainage. Geological mapping, prospecting, soil sampling, reconnaissance VLF surveying, and diamond drilling (two holes, 637 m) were completed in 2015 in order to determine if the zone had strike or depth continuity and to examine the immediate stratigraphy for additional structurally controlled zones.

 

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9.5

South Swayze West

 

9.5.1

TAAC West Property

Exploration work on the TAAC West property by IAMGOLD since acquisition of the property has been focused on exploring prospective geological contacts (Temiskaming sediment/felsic porphyry contacts), gold-bearing shear zones, and second-order splay structures of the RDZ. Soil and humus sampling, prospecting, geological mapping, mechanized stripping, and diamond drilling programs have been completed.

IAMGOLD initially focused on data compilation from the recent 2011-2012 exploration program (by previous operators), which included two ground geophysical surveys as well as six diamond drill holes in the Main North Shore project area and two holes in the North West Arm of Opeepeesway Lake Area North Shore Area. A significant amount of historic diamond drilling has been completed in the North Shore Area and around the historic past-producing Jerome Mine to delineate specific Au-bearing quartz-carbonate veins and contact-related shear zones.

Figure 9-6: TAAC West Project Locations (IAMGOLD, 2016)

 

LOGO

The data was compiled into ArcGIS and Geovia GEMS databases for four primary project areas including the Main North Shore, North Shore, Huffman and Schist Lake areas. On the Main North Shore property, initial prospecting and geological mapping was conducted

 

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in 2014. A more rigorous program of B-horizon soil sampling, geological mapping, prospecting, and sampling was conducted in 2015.

The North Shore property was subjected to the same exploration methodologies in 2014, however, in 2015, this property was the focus of a more sustained geological campaign to validate the size, orientation, and prospectivity of each mineralized zone. Activities included geological mapping, prospecting, mechanized stripping, channel sampling, orientation soil and humus sampling, and diamond drilling (14 holes, 4,300 m).

 

9.5.2

Huffman Option Property

A geological mapping and sampling program was completed in early 2013 to cover the Huffman Lake Option claim area from the area south of Schist Lake in the east and continuing westward past Huffman Lake. Compilation of all historical work done on the area was carried out with all available information from TAAC and MNDM, compiled and organized into Geovia GEMS and Arc GIS projects. Geological mapping focused on a combination of prospective magnetic breaks, east-west trending quartz feldspar porphyry intrusions, and mobile metal ion (MMI) soil anomalies identified by the TAAC 2011 MMI survey. Additional geological mapping and sampling on the Huffman Option area was not completed in 2013 as resources were reallocated to the Côté Gold Project.

Exploration work in 2014 included a small detailed mapping program over the Huffman Lake Zone to verify historical gold values, to check historical drilling collar locations, and to gain a better understanding on the controls of gold mineralization. Modelling in Geovia GEMS and a review of the model with grade and thickness criteria revealed a very low grade zone that would require a significant upgrade to make it a viable economic zone. Although more work was recommended in the area northwest of the Huffman Option for 2015, this work was postponed in favour of additional work on the extreme east end of the TAAC West claim block.

 

9.5.3

TAAC West – Schist Lake Area

The favourable stratigraphy and gold occurrences of the Schist Lake area, situated at the extreme east end of the TAAC property, were reviewed in 2014 as geological mapping and prospecting advanced through the area. Channel and grab samples revealed significant anomalous gold in proximity to known shear zones, and the stratigraphic sequence and position of major shear structures were determined. Other work included orientation soil and humus sampling.

In 2015, mechanized stripping and channel sampling were completed to expose the main shear zones and subsequent sampling and mapping validated the stratabound nature of the shear zones. Semi-continuous pyrite and arsenopyrite mineralization was noted and often accompanied by moderate to strong alteration of host volcanic and Temiskaming conglomerate units. Reconnaissance VLF sampling was also completed as an orientation

 

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survey across the shear zone and also on reconnaissance lines to the east and west. A three-hole, 657 m drill program tested the main target shear zone as well as a secondary shear zone located immediately to the south.

 

9.5.4

TAAC West – Watershed Property

In March 2016, TAAC acquired Sanatana Resource’s 50% interest in this property to become the sole owner. The property lies largely within the Chester Intrusive complex and has been subjected to a variety of exploration activities by Sanatana from 2011 to 2015. Following acquisition, exploration work has focussed largely on data compilation and verification.

A review of previous geological mapping and mechanized stripping in the Watershed East portion of the property in early 2016 led to reconnaissance IP surveying, geological mapping and diamond drilling (4 DDH – 1,109 m). Diamond drilling tested three altered, Au-bearing structures including the North Shear, the South Shear and the Hydro Zone. Elsewhere on the Watershed property, data compilation has outlined a number of areas requiring future exploration work, and future geological mapping and prospecting is planned.

 

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10.0

DRILLING

 

10.1

Overview

Diamond drilling has been focused largely on exploration and delineation of the Côté Gold deposit, coupled with a small metallurgical and condemnation drilling component. This section provides a description of drilling at the Côté Gold deposit on the Chester property, as well as drilling on the other properties in the Project area.

A total of 273,485 m has been drilled on the Côté Gold deposit. Table 10-1 summarizes the diamond drilling by year.

Table 10-1: Côté Gold Deposit Drilling by Year

 

Year

   Diameter    Count      Metres      Max Length
(m)
     Min Length
(m)
 

2009

   NQ      3        1,049        582        141  

2010

   BQ      1        54        54        54  

2010

   NQ      56        25,802        683        134  

2010

   NQ/
BQ
     1        594        594        594  

2011

   BQ      2        1,261        672        589  

2011

   NQ      116        59,684        1,047        60  

2011

   NQ/
BQ
     9        5,682        814        503  

2012

   BQ      8        3,977        650        373  

2012

   BQTW      81        40,117        1,102        20  

2012

   NQ      135        87,427        1,613        15  

2013

   BQ      1        478        478        478  

2013

   BQTW      41        23,138        992        66  

2014

   NQ      71        19,140        693        21  

2015

   NQ      11        5,082        780        60  

Total

        536        273,485        

 

10.2

Definition Drilling

From December 2009 to September 2011, Trelawney completed a total of 129 drillholes on the Côté Gold deposit for 65,699 m of diamond drill core. This drilling had an objective of delineating the extent of the deposit and completing a preliminary resource estimate (Roscoe, W. E., and Cook, R. B., 2012). Between September 2011 and June 2012, Trelawney continued drilling with an additional 79 holes (44,856 m) of infill drilling used for the October 24, 2012 Mineral Resource update (Lavigne J., and Roscoe, W. E., 2012).

 

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Infill drilling continued from late 2012 to July 2014 to further delineate the Côté Gold deposit adding 190 definition drillholes and bringing the total drilled metres to 263,247 m. All definition drilling performed between 2012 and 2014 was inside the pit shell area aiming to achieve a 50 m drilling pattern. A drilling pattern of 25 m was completed inside a small area of 200 m by 200 m to test the short range continuity. Approximately 19,000 m of oriented NQ (47.6 mm) core was drilled in 2014.

The 2015 drilling campaign was completed by March and comprised 5,082 m of oriented diamond drill core. The program was intended to fill some gaps and aid the interpretation, resulting in a 50 m drill spacing all over the study zone.

 

10.3

Condemnation Drilling

Between February 2012 and April 2012, Trelawney completed eight drillholes (NEV Series) north of the Côté Gold deposit within Neville township, for a total of 1,678 m of diamond drill core. This campaign targeted potential locations for waste dump areas and tailings storage.

Throughout the condemnation drilling program, Chenier Drilling from Val Caron, Ontario, was the sole drilling contractor. An LC 3000 drilling rig was used, with the major criterion being the ability to drill to a depth of 300 m with BQTW (36 mm) core size. The holes were cased northwest into bedrock and drilled BQTW size to depth. The holes were spotted on a grid and collar sites surveyed by differential GPS.

Holes drilled by Chenier Drilling were surveyed with a Reflex instrument in multi-shot mode, taking measurements of dip and azimuth at 50 m intervals down the hole. All holes were drilled on land, with the casing left in place and capped.

 

10.4

Metallurgical/Geotechnical Drilling

From June 2012 to July 2012, Trelawney drilled six geotechnical (GT-series) holes in various locations within the conceptual pit shell, for a total of 3,858 m of diamond drill core. The core was processed by Knight Piésold Engineering and Environmental Services, North Bay, Ontario and was also sent for metallurgical testing. This drilling campaign was focused on gathering structural information for open pit construction and design. The Côté exploration team completed core logging and incorporated the logging information into the database.

From August to September 2013, IAMGOLD completed seven metallurgical (MET-series) drillholes in various locations within the conceptual pit shell of the Côté Gold deposit, totalling 1,185.5 m of diamond drill core. The drilling campaign was focused on sample collection from specific representative locations throughout the deposit for metallurgical testing, as follow-up to previous work completed in 2012.

 

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In July and August 2014, four drillholes were completed by IAMGOLD and logged by Golder Associates Ltd. (Golder) on site. In 2014, a total of 1,404 m of HQ (63.5 mm) diamond drill core was drilled targeting the wall of the latest pit shell.

In November and December 2016, six HQ size holes totalling 1,422 m were drilled by Norex Drilling as part of a metallurgical testing program. Two of the holes twinned previous metallurgical holes such that the effect of core aging could be assessed. IAMGOLD personnel logged and sampled the core.

The location of the diamond drilling on the property by year is shown in Figure 10-1.

Figure 10-1: Côté Gold Drilling by Year

 

LOGO

 

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11.0

SAMPLE PREPARATION, ANALYSES AND SECURITY

The gold mineralization at the Côté Gold Project is mostly hosted by tonalite, diorite, and breccias. The mineralized and barren core is very competent, except for very local, multiple metre length intervals of blocky core where minor faults are encountered. One larger fault has been encountered in the western portion of the Côté Gold deposit with true widths varying from 5 m to 10 m. Overall, the core recovery was approximately 99%.

Drill core is stored at the property in wooden core boxes under open sided roofed structures, arranged by year. A map of the core shack is available on site. Boxes are labelled with the hole number, box sequence number, and the interval in metres. Almost all boxes are labelled with an aluminum tag. All rejects and pulps from the laboratory are also stored on site. Pulps are categorized by batch number and are stored inside sea containers. Rejects are stored inside plastic crates under temporary shelter.

Geologists check all core boxes at their arrival at the core shack and ensure that all required information is available. Technicians make metreage marks and log rock quality designation (RQD). For oriented core, technicians draw the bottom of hole line on the core. A full line is drawn when orientation marks are perfectly aligned. The geologist completes the core log with details of lithology, alteration, mineralization, and structure. Alpha and beta angles are measured for all veins and contacts when the bottom of the hole line is defined.

Samples, standards, and blanks are tagged and sealed in plastic bags, which are put into rice bags and sealed with security tags. The sealed rice bags are placed on pallets in a secure area of the camp. Gardewine Transport collects the bagged samples from the IAMGOLD camp twice a week and delivers them to an independent laboratory for sample preparation and analysis. Prior to 2015, the samples were sent to the Accurassay Laboratories (Accurassay) sample preparation facility in Sudbury, Ontario, from where they were forwarded by Accurassay to its analytical laboratory in Thunder Bay, Ontario. Accurassay is accredited to the ISO 17025 by the Standards Council of Canada, Scope of Accreditation 434. Starting with the 2015 drilling campaign, samples were sent for analysis to ActLabs, Ancaster, Ontario. ActLabs is accredited to the ISO 17025 by the Standards Council of Canada, Scope of Accreditation 266. Both laboratories are independent of IAMGOLD.

The split sample material sent for assay is for the most part an accurate reflection of one half of the core and should be free of bias because of the relatively competent nature of the core recovered. The mineralization is heterogeneous by nature, however, and duplicate samples will reflect that fact. Due to the high rate of core recovery within the mineralized zone, assays are considered to be reliable.

 

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IAMGOLD determines the bulk density of samples by the water immersion method. Bulk densities are determined for the mineralization and barren host rocks. Since 2014, pycnometer density analysis has been performed on one sample in 50.

 

11.1

Sample Preparation and Analysis

Technicians and geologists on site follow a sample preparation protocol to ensure quality control (QC) before sending samples to the laboratory. Most of the drill holes are sampled at one metre intervals and consist of a one-half split of the drill core. The minimum sample length is 30 cm to 50 cm, while the maximum length is 1.5 m. Sample intervals are tagged by the geologist. All sample intervals are logged with a unique number in a sample book by the geologist. The borehole number and sample interval are transferred to one of the tags and recorded in the logs. One tag is placed in a plastic sample bag with the sample and the second is stapled in the core box beneath the representative half sample. During this procedure, the location for the insertion of standards and blanks into the sample sequence is noted. Core is sawed by geotechnicians following the orientation line drawn by the geologist. The remaining half of the core is stored in racks or pallets at the core farm facilities located on site.

Generally, the entire length of a drill hole is sampled. Diabase dykes that occur within the sequence are not sampled, except for two one-metre shoulder samples at the upper and lower contacts of the dyke. Unsampled diabase was inserted as blanks into the assay sequence until 2014. Blank used after 2014 were supplied by the laboratory.

Prior to 2015, samples were sent to Accurassay. During the 2015 drilling campaign, samples were sent to ActLabs.

For sample preparation and analysis at Accurassay, IAMGOLD requested that samples be crushed to -8 mesh after which a 1,000 g subset of each sample was pulverized to 90% passing -150 mesh. Assays were completed using a standard fire assay (FA) with a 30 g aliquot and an atomic absorption (AA) finish. For samples that returned values of between 2 g/t Au and 5 g/t Au, another pulp was taken and fire assayed with a gravimetric finish. Samples returning values greater than 5 g/t Au were reanalyzed by pulp screen metallic fire assay analysis. All samples were subject to a 33-element inductively coupled plasma (ICP) scan following Accurassay procedure ICP 580.

For sample preparation and analysis at ActLabs, IAMGOLD requests that samples be crushed to 10 mesh after which a 1,000 g subset of each sample is pulverized to 85% passing 200 mesh. Assays are completed using a standard FA with a 30 g aliquot and an AA finish. For samples that return values between 2 g/t Au and 5 g/t Au, another pulp is taken and fire assayed with a gravimetric finish. Samples returning values greater than 5 g/t Au are reanalyzed by pulp screen metallic analysis.

 

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In RPA’s opinion, the sample preparation, analysis, and security procedures at the Project are adequate for use in the estimation of Mineral Resources.

 

11.2

Quality Assurance and Quality Control

For quality assurance/quality control (QA/QC) purposes, IAMGOLD inserts control samples after every twelfth sample interval. The control samples consist either of a Certified Reference Material (CRM) or a blank sample. IAMGOLD inserts control samples as a standard procedure. Since 2012, 23 different CRMs and two blanks have been used.

IAMGOLD’s laboratory sets aside the pulp from one out of every 10 samples to be sent to a second laboratory as a check assay. Between 2012 and 2014, check assays were completed at ActLabs, Ancaster, Ontario. During the 2015 drilling campaign, checks assays on pulps were completed by ALS Minerals, Val d’Or, Quebec. All of the samples were analyzed using the FA-AA method. Samples that produced over-ranges were also analyzed with the FA-Gravimetric method.

 

11.2.1

Certified Reference Materials

IAMGOLD has acquired the CRMs from Analytical Solutions Ltd., Toronto, Ontario. Specific pass/fail criteria are determined from the standard deviation (SD) for the CRMs. The conventional approach to setting reference standard acceptance limits is to use the mean assay ±2 SD as a warning limit and ±3 SD as a failure limit. Results falling outside of the failure limit of ±3 SD must be investigated to determine the source of the erratic result.

Before 2015, a total of 11,332 CRMs were inserted in the sample stream, with an overall percentage of CRM samples passing quality control of 86%. Table 11-1 shows the CRMs analyzed between 2012 and 2014. In general, the IAMGOLD CRM analyses exhibit considerable spread of data. Of the 1,544 outliers, 349 have been categorized as gross outliers and may represent CRM miss-identifications. It is impossible to clearly identify the source of error for the failed assays prior 2014. The standard deviation recorded during those campaigns shows more dispersion than expected. Overall, CRM assay results do not seem to show a specific bias or any specific trend.

 

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Table 11-1: CRM Samples Used Before 2015

 

Standard Value - Certified

                                                  

OREAS Standard (CRM)

   Certified
Gold
Value
(g/t)
     Standard
Deviation
(SD)
     Lower
Process
Limit

(3SD)
     Upper
Process
Limit

(3SD)
     Average
(g/t)
     Standard
Deviation
(SD)
     Min
(g/t)
     Max
(g/t)
     Count      Outliers      %
Failed
 

15g

     0.527        0.023        0.458        0.596        0.542        0.324        0.000        7.279        1,413        43        3

504

     1.480        0.040        1.360        1.600        1.454        0.249        0.000        2.271        1,344        178        13

66a

     1.237        0.054        1.075        1.399        1.150        0.165        0.000        2.521        1,148        241        21

16a

     1.810        0.060        1.630        1.990        1.768        0.289        0.000        6.842        980        110        11

501

     0.204        0.011        0.171        0.237        0.214        0.145        0.000        2.287        730        59        8

152a

     0.116        0.005        0.106        0.131        0.128        0.172        0.000        4.061        710        55        8

16b

     2.210        0.070        2.000        2.420        2.104        0.455        0.000        4.187        681        83        12

15h

     1.019        0.025        0.944        1.094        0.988        0.237        0.000        2.337        646        110        17

10c

     6.600        0.160        6.120        7.080        6.180        1.105        0.000        9.014        589        179        30

204

     1.043        0.039        0.927        1.158        1.029        0.109        0.018        2.142        394        12        3

15f

     0.334        0.016        0.286        0.382        0.339        0.137        0.009        2.148        387        36        9

60b

     2.570        0.110        2.350        2.900        2.359        0.356        0.000        2.927        356        136        38

501b

     0.248        0.009        0.219        0.276        0.263        0.163        0.009        2.191        327        6        2

67a

     2.238        0.096        1.950        2.526        2.123        0.486        0.000        8.550        303        72        24

206

     2.197        0.081        1.953        2.441        2.192        0.168        0.239        3.096        301        6        2

62c

     8.790        0.210        8.160        9.420        8.692        0.918        1.504        13.914        282        20        7

17c

     3.040        0.080        2.800        3.280        3.144        0.523        1.595        9.040        207        56        27

503

     0.687        0.024        0.615        0.759        0.727        0.447        0.011        6.651        194        16        8

2Pd

     0.885        0.014        0.843        0.927        0.868        0.150        0.522        2.137        181        70        39

54Pa

     2.900        0.110        2.680        3.230        2.657        0.309        0.747        3.165        84        33        39

52Pb

     0.307        0.017        0.273        0.358        0.296        0.041        0.202        0.484        41        8        20

10Pb

     7.150        0.190        6.770        7.720        6.690        0.449        5.378        7.233        31        14        45

18c

     3.520        0.105        3.200        3.840        3.263        0.268        3.027        3.555        3        1        33
                          

 

 

    

 

 

    

 

 

 
                

Total

                11,332        1,544        14
                          

 

 

    

 

 

    

 

 

 

Following recommendations made in RPA’s 2012 report, IAMGOLD did a closer follow-up on the QA/QC since 2013. A change of laboratory was performed in 2015 to support a comparison between laboratories. Table 11-2 shows results from the 2015 drilling campaign. Overall, 4.2% of CRMs failed in 2015, out of 473 CRMs sent to the laboratory. Since 2014, follow-up on the laboratory has been performed on a bi-monthly basis, which allows a better control on the final QA/QC.

 

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Table 11-2: CRM Samples Used in 2015

 

Standard Value - Certified

                                                  

OREAS Standard (CRM)

   Certified
Gold
Value
(g/t)
     Standard
Deviation
(SD)
     Lower
Process
Limit
(3SD)
     Upper
Process
Limit
(3SD)
     Average
(g/t)
     Standard
Deviation
(SD)
     Min
(g/t)
     Max
(g/t)
     Count      Outliers      %
Failed
 

17c

     3.040        0.080        2.800        3.280        3.081        0.342        0.175        3.560        84        6        7.1

18c

     3.520        0.105        3.200        3.840        3.296        0.108        3.114        3.640        26        3        11.5

204

     1.043        0.039        0.927        1.158        1.010        0.102        0.256        1.450        82        2        2.4

206

     2.197        0.081        1.953        2.441        2.171        0.147        1.440        2.900        83        3        3.6

501b

     0.248        0.009        0.219        0.276        0.248        0.008        0.235        0.272        81        0        0.0

504

     1.480        0.040        1.360        1.600        1.455        0.059        1.270        1.590        80        3        3.8

62c

     8.790        0.210        8.160        9.420        8.382        1.298        3.180        9.250        37        3        8.1
                          

 

 

    

 

 

    

 

 

 
                

Total

                473        20        4.2
                          

 

 

    

 

 

    

 

 

 

 

11.2.2

Blank Samples

The IAMGOLD QA/QC protocol includes the use of blanks inserted in the sample stream at a frequency of approximately one in 24 samples. These blanks are assigned regular sample numbers and inserted in the sample numbering sequence prior to shipment to the laboratory. Until 2014, the blanks consisted of barren diabase, then both barren diabase and commercially acquired silica blank were used.

The blank samples used are listed in Table 11-3. Figure 11-1 shows all the blank results in the Côté Gold database. Overall, 99.5% of the blank results are under 0.1 g/t Au, which is the IAMGOLD maximum threshold. An improvement can be seen starting in 2014. Overall, the blank results are very good and show no significant contamination from sample to sample during the preparation.

Table 11-3: Blank Samples

 

Blank

   Average      Maximum      Count      Passed      %
Passed
 

BLK

     0.06        8.25        163        162        99.4

BLKDIA

     0.01        8.49        10761        10707        99.5

 

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Figure 11-1: Blank Assay Results

 

LOGO

 

11.2.3

Check Assays

Before 2014, Trelawney and IAMGOLD sent 9,772 pulp samples to ActLabs for check assay (Figure 11-2 and Figure 11-3). In general, at higher grades, the results from the checks are slightly higher than the results from the primary laboratory (Accurassay). This shows bias between the two laboratories and the repeatability on pulps is relatively poor. Checks assays sent to ActLabs returned grades that appear to be approximately 10% higher than Accurassay.

 

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Figure 11-2: Pulp Check Assays Before 2015

 

LOGO

 

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Figure 11-3: Pulp Check Assays Hard Plot for Samples Before 2015

 

LOGO

In 2015, 921 pulp samples were sent to ALS Minerals for check assay (Figure 11-4 and Figure 11-5). Correlation between both laboratories is overall good. Repeatability in 2015 is better than in the previous campaign. The low precision may be associated with coarse gold particles.

 

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Figure 11-4: Pulp Check Assays in 2015

 

LOGO

 

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Figure 11-5: Pulp Check Assays Hard Plot for 2015

 

LOGO

In 2016, Agorateck International Consultants Inc. (AICI) reviewed the QA/QC data and ran an ore heterogeneity test (AICI, 2016 and 2017). For the QA/QC review AICI was provided with original raw assay data, while for the heterogeneity test they were provided with 200 kg of core reject material from South Breccia and 25 kg of metallurgical core.

The QA/QC review analyzed the data generated throughout the various stages of the Côté Gold project. Based on check assays ran at ActLabs and Accurassay, the difference between ActLabs and Accurassay went from positive to negative, increasing in amplitude from 2011 to 2015. CRM samples confirmed the Accurassay change from slightly lower to higher values. The precision obtained from pulp duplicates was well related to gold particle size, in line with the findings of the heterogeneity study. The performance of the laboratories improved over time, as the control on the laboratories increased.

 

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The heterogeneity study concluded that in order to bring the sampling precision within acceptable limits (32% maximum) and avoid grade under reporting, an optimized protocol should include:

 

 

 

15 kg primary field sample crushed to the same size,

 

 

 

a 1.5 kg split pulverized to 150 microns,

 

 

 

use a 50 g assay charge.

RPA reviewed the QA/QC protocols and performance of the blank, CRM, and check assay samples. The overall results do not show significant bias or contamination. RPA is of the opinion that the QA/QC procedures are reasonable and conform to standard industry practice.

 

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12.0

DATA VERIFICATION

Since 2012, data verification has been done at various stages of the Côté Gold Project. Independent and IAMGOLD QPs have completed site visits and reviewed the exploration information, drill collar positions, logging, and sampling procedures with IAMGOLD personnel. Core logs, outcrop mapping, and geological interpretation were also reviewed during site visits.

Randomly-selected samples from the assay database from drillholes were compared with original assay certificates. Additionally, the QPs checked for abnormal extreme values, missing interval or sample numbers, interval length and zero grades. Visual checks of the drillhole traces were performed to spot abnormal deviations.

Errors found in the database were reported to the database administrator and material errors were corrected prior to performing the resources estimate.

Occasional inconsistencies found in the drill logs were addressed. Inconsistent sampling practice, with some samples crossing obvious contacts or lithological and mineralization limits were noted.

The deposit logging and sampling procedures were checked independently by RPA from 2011 to 2013. In December 2014, InnovExplo independently validated the entire assay database against laboratory certificates.

During the May 2017 site visit, RPA personel used a handheld GPS to confirm the location of a small number of drill hole collars. RPA reviewed core samples from several drillholes and compared them against the geology and assay tables.

RPA performed routine database validation checks specific to Geovia GEMS to ensure the integrity of the database records. RPA also performed visual drill hole trace inspection and checks for extreme and zero assay values, unsampled or missing intervals, and interval overlapping. Approximately 5% of the assays from the 2015 drilling campaign were checked against the assay certificates.

During a previous site visit, on January 24, 2012, RPA collected eight remaining half core samples for independent checks, as described in the 2012 RPA report, confirming gold mineralization.

RPA is of the opinion that logging, sampling procedures, and data entry comply with industry standards and that the database is acceptable for Mineral Resource estimation.

 

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13.0

METALLURGY AND PROCESSING

 

13.1

Summary

In June 2016, Amec Foster Wheeler completed a Preliminary Economic Assessment (PEA) study that looked at the HPGR processing option. The PEA was supported by testwork carried out during multiple testing programs which focused on the SAG milling option. Subsequent to the PEA-level report, a metallurgical program was designed to gather data on HPGR milling, confirm metallurgical extraction on HPGR pilot plant products and optimize process parameters for the selected flowsheet (gravity-cyanide leaching-CIP-cyanide destruction-tails thickening.)

Overall results confirm that the Côté mineralization is free-milling (non-refractory). A portion of the gold liberates during grinding and is amenable to gravity concentration. Individual lithologies follow the general trends for grind size sensitivity and cyanide consumption. However, there is evidence of differences in free gold content. Silver content is consistently reported under 2 g/t. The testwork does not report on silver recovery.

The HPGR pilot plant was completed and the results confirm that this option provides metallurgical and economic advantages over the SAG milling arrangement for this project.

A metallurgical program has been conducted which indicates that processing HPGR produced material leads to enhanced recoveries at shorter retention at a set grind size. At longer retention times, this advantage disappears.

The recovery estimate has been updated to 91.8% to reflect the throughput upgrade to 32,000 tpd, slightly reduced retention time and the benefits of micro-cracking to enhance cyanidation kinetics.

 

13.2

Review of Metallurgical Testwork

Grinding and metallurgical testwork was conducted on Côté ore extracted during the 2009-2011 drilling campaigns (Table 13-1 and Table 13-2) at SGS facilities in Lakefield, Ontario.

 

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Table 13-1: Testwork Programs - Grinding

 

Program No. (Yr)

  

Samples

  

Purpose

12589-001 (SGS, 2011)

  

Composite 1 (Cu mineralization)

Composite 2 (Au mineralization)

  

Bond Ball Mill Grindability Test

12589-003 (SGS, 2012)

  

S-1 to S-3

(bulk material from surface)

  

JK Drop weight test, Bond low energy impact test, Bond rod mill and ball mill grindability test, Bond abrasion test, cyanidation tests

  

G-1 to G-10

(geotechnical samples)

  
  

GR-01 to GR-92

(geometallurgy study)

  

12589-004 (SGS, 2014)

  

GR-2xx

17 samples

  

JK Drop weight test, Bond low energy impact test, Bond rod mill and ball mill grindability test, Bond abrasion test

  

C25-2xx

31 samples

  

Variability

SMC test, Bond ball mill grindability test

T2127 (COREM, 2017)

  

COR0001 to COR0004

  

Effect of aging of drill core

  

COR0005 to COR0013

  

Single pass HPGR on lithologies

  

COR0015 – Design Composite

  

HPGR pilot plant

  

COR0015 – Design Composite

  

Atwal Test

  

COR0016 – COR0021

  

Crushing Testwork

UBC_CL17 (UBC, 2017)

  

UBC0001 – UBC0031

  

31 piston press test to determine relative ore hardness of (12) varying lithologies and alterations

2220-8975 (Thyssenkrupp, 2017)

  

WE 15367

  

High-pressure grinding ATWAL wear rate determination

Table 13-2: Testwork Programs - Metallurgy

 

Program No. (Yr)

  

Samples

  

Purpose

13345-001 (SGS, 2011)

  

Composites 1, 2 & 3

  

Gold deportment, flotation, leaching, heap leaching, ABA (whole ore & leach tailings)

12589-001 (SGS, 2011)

  

Composite 1 (Cu mineralization)

Composite 2 (Au mineralization)

  

Scoping level.

Gravity, flotation on whole ore and gravity tailings. Leaching on whole ore, gravity tailings and flotation tailings. NAG. ABA. Qualitative mineralogical evaluation (QEMSCAN/RMS)

12589-002 (SGS, 2012)

     

Geometallurgical Investigation

12589-003

(SGS, 2012 -2013)

  

S-1 to S-3

(bulk material from surface)

  

Gravity, leaching on gravity tailings

  

G-1 to G-10

(geotechnical samples)

  

Gravity, leaching on gravity tailings

  

Composite A & B

C25-01 to C25-93

  

Variability testwork program.

Gravity, flotation, heap leaching.

Leaching on whole ore, gravity tailings and flotation tailings.

Optimization testwork

 

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Program No. (Yr)

  

Samples

  

Purpose

T2193 (COREM, 2017)

(Phase I)

  

COR0015 – Design Composite

  

Mineralogy

Gravity. Leaching of gravity tails. (Phase I – Interim results)

16095-001 (SGS, 2017)

  

COR0005 to COR0010

  

Static settling, dynamic thickening, rheology, settling density tests

Compositing for program 12589-003 was based on the geometallurgical investigation reported by SGS in A Geometallurgical Investigation of the Côté Lake Deposit Project CALR-12589-002 in August 2012. The mineralized zone was geostatistically analyzed to determine the characteristics of the deposit in terms of the geological and chemical composition. A statistical multivariate analysis was performed to determine the variability of the Côté deposit. Compositing was done by lithology with a target of 10 m of core, excluding rock-type mixtures. Lithology was not deemed to control mineralization. The geometallurgical investigation notes that sampling may not be proportional to lithological volumes, as this information was not available.

The metallurgical list comprises 93 composites (variability samples) labelled C25-01 to C25-93. Master composites A and B were prepared with the 93 variability samples. Master Composite A represents non-copper-bearing mineralization. Master Composite B represents high copper-content material, which according to previous reports represents approximately 10% of the deposit.

The geometallurgical investigation also states that “a model of the mineralization at the Côté Lake deposit is not yet defined, but it is assumed that the gold is associated with the core breccia mass within the diorite, surrounded by granodiorite. The gold-mineralizing hydrothermal system has apparently overprinted the volume of magmatic brecciated rock and developed poorly defined zones of propylitic and potassic alteration.” Table 13-3 lists the main lithologies selected by the geometallurgical investigation for the metallurgical variability program, and provides details on the gold grade range tested. Figure 13-1 provides the spatial locations of the metallurgical and comminution composites.

 

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Table 13-3: Lithological Codes Selected for 2012 Variability Program

 

Rock Type

   No.
Samples
     No.
Tests
     Au Grade (g/t)      Average
Grade
 
         (min.)      (max.)      Au1      Cu2      Fe3  

Altered Granodiorite

     28        48        0.29        6.89        1.09        0.02        1.60  

Diorite Breccia

     13        22        0.46        4.75        1.26        0.03        2.08  

Granodiorite

     13        22        0.25        0.77        0.45        0.03        1.71  

Gabbro Breccia

     12        20        0.42        2.7        1.36        0.02        2.62  

Diorite

     8        14        0.3        1.37        0.60        0.02        1.43  

Altered Diorite

     5        9        0.36        0.62        0.46        0.01        0.73  

Gabbro

     4        7        0.37        1.69        0.78        0.01        3.20  

Granodiorite Breccia

     3        6        0.29        1.66        0.97        0.02        2.26  

Gabbro Mega Breccia

     2        5        0.76        1.57        1.17        0.04        2.57  

Quartz Diorite

     2        4        0.78        0.93        0.86        0.11        1.71  

Altered Granodiorite Breccia

     1        3        0.44        0.44        0.44        0.00        26.00  

Mafic Dike

     1        1        0.91        0.91        0.91        0.07        6.41  

Pillowed Basalt

     1        1        0.49        0.49        0.49        0.02        4.36  

Altered Granodiorite

     28        48        0.29        6.89        1.09        0.02        1.60  
  

 

 

    

 

 

                

TOTAL

     93        162                 
  

 

 

    

 

 

                

 

1.

g/t;

2.

weight %

3.

weight %

 

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Figure 13-1: Metallurgical and Comminution Composites Spatial Location

 

LOGO

Note: Locations relative to the 0.25 g/t Au grade shell (pink shades); metallurgical composites (blue); comminution composites (red).

A separate sampling set of composites for comminution test was generated following the same controls as the metallurgical composites. However, spatial weighting and coverage had priority while the ore and base metals grade control was not as tight as it is not considered influential to rock competency and grindability. This comminution characterization work was oriented towards Semi Autogenous Grinding (SAG milling.)

In 2016, a metallurgical drilling program was undertaken to support this pre-feasibility study oriented towards HPGR milling. Six (6) new holes were drilled, totalling 1,422 m. Sample intervals were chosen on the basis of the prevalent lithology-alteration groupings within the mineralized zones. The most prevalent rock types logged within the Main North and Main South Zones and the key alteration assemblages selected are listed in Table 13-4.

 

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Table 13-4: 2016 Lithology and Alteration Prevalence within the Modelled Mineralized Zones

 

Lithology

   % of Drill
Length
    

Alteration

Tonalite

     63      Fractured Controlled Hydrous Si-Cl/Bo

Diorite Breccia

     14      Pervasive Hydrous Si-Sr-Cl/Bo

Hydrothermal Breccia

     7      Pervasive Anhydrous Si/Ab-Sr

Diorite

     5     

Quartz Diorite

     3     

Quartz Diorite Breccia

     3     

Figure 13-2 and Figure 13-3 show the 2016 metallurgical drill holes and the intervals used for sample compositing.

Figure 13-2: Plan View– 2017 Metallurgical Drill Holes Location

 

LOGO

 

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Figure 13-3: Section Looking North – Interval Location

 

LOGO

 

13.3

Mineralogy

As part of the 12589-001 program, the mineral content of Composites 1 and 2 were determined using the RMS (Rapid Mineral Scan) function in QEMSCAN. SGS found that:

 

 

 

The sulphide mineral content of Composite 1 accounted for about 1% of the sample weight and 0.06% for composite 2

 

 

 

Sulphide minerals and their proportions in Composites 1 and 2, respectively, were:

 

 

 

pyrite, 0.43% and 0.01%

 

 

 

chalcopyrite, 0.57% and 0.01%

 

 

 

other sulphides, 0.02% and 0.05%.

Chemical content data and mineral composition in Composites 1 and 2 are presented in Table 13-5 and Table 13-6.

 

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Table 13-5: Chemical Content Data for Composites 1 and 2

 

Element

  

Sample Name

  

Element

  

Sample Name

  

Comp 1

  

Comp 2

     

Comp 1

  

Comp 2

S

 

%

   0.53    0.05   

Mg

  

ppm

   14,400    18,200

S=

 

%

   0.49    0.05   

Mn

  

ppm

   333    377

Cu

 

%

   0.16    0.013   

Mo

  

ppm

   13    < 10

Semi Quantitative ICP Scan

  

Na

  

ppm

   29,000    21,800

Ag

 

ppm

   < 2    < 2   

Ni

  

ppm

   < 20    43

Al

 

ppm

   58,900    64,300   

P

  

ppm

   400    204

As

 

ppm

   < 30    < 30   

Pb

  

ppm

   < 20    < 20

Ba

 

ppm

   175    191   

Sb

  

ppm

   < 10    < 10

Be

 

ppm

   1.26    0.88   

Se

  

ppm

   < 30    < 30

Bi

 

ppm

   < 20    < 20   

Sn

  

ppm

   < 30    < 30

Ca

 

ppm

   20,700    37,900   

Sr

  

ppm

   104    132

Cd

 

ppm

   < 2    < 2   

Ti

  

ppm

   2,350    3,110

Co

 

ppm

   18    15   

Tl

  

ppm

   < 30    < 30

Cr

 

ppm

   96    63   

U

  

ppm

   < 20    < 20

Fe

 

ppm

   37900    34,500   

V

  

ppm

   54    56

K

 

ppm

   7,130    11,200   

Y

  

ppm

   43.5    37

Li

 

g/t

   12    13   

Zn

  

ppm

   61    36

Note: S- refers to sulfur present as sulfide

Table 13-6: Mineral Composition in Composites 1 and 2

 

Sample

  

Major

  

Moderate

  

Minor

  

Trace

Composite 1   

quartz,

plagioclase

   chlorite    mica, calcite    potassium feldspar, pyrite, chalcopyrite
Composite 2    quartz    plagioclase, chlorite    mica, calcite    dolomite, pyrite

Note: Crystalline mineral assemblage (relative proportions based on peak height)

Based on these analyses, no obvious environmental concerns are indicated.

The analyses performed on variability Composites A (gold mineralization) and B (copper - gold mineralization) also provide information on the elemental composition of ore, and are presented in Table 13-7.

 

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Table 13-7: Master Composites A & B

 

Sample Name

   Cu(T),%    Pb, g/t    Zn, g/t    Fe, %    S (t), %    Au, g/t    Ag, g/t

Composite A

   0.024    <30    31    2.28    0.16    1.13    <2

Composite B

   0.13    <30    39    2.47    0.29    0.98    <4

SGS undertook a gold deportment study as part of project report 13345-001. A mineralogy composite with a gold grade of 1.34 g/t was submitted for this purpose. The contribution from the sample composites to the mineralogy composite is shown in Table 13-8.

Table 13-8: Composition of Mineralogy Composite (Project 13345-001)

 

Sample Name

  

Mineralogy Composite, %

  

Classification

Composite 1

   60    Altered Zone

Composite 2

   30    Breccia Zone

Composite 3

   10    Vein Zone

SGS reported that the main gold mineral was native gold, with an average composition of 86.9% Au and 9.8% Ag. The second-most abundant gold mineral was electrum, with an average composition of 64.8% Au and 30.8% Ag. Other gold minerals identified were kustelite, calaverite, petsite, and an unknown Te-Au-Bi alloy. Gold mineral abundance is summarized in Table 13-9.

Table 13-9: Gold Mineral Abundance – Mineralogy Composite

 

Mineral

   Total Observed Gold Grains      Total Gold Surface Area  
   Count      %      µm2      %  

Gold

     98        74.2        82402        99.5  

Electrum

     25        18.9        370        0.4  

Kustelite

     1        0.8        1        0  

Petzite

     4        3        40        0  

Calaverite

     4        3        25        0  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     132        100        82838        100  
  

 

 

    

 

 

    

 

 

    

 

 

 

In processing a sample weighing approximately 753 g with a target size K80 of 150 µm, a total of 132 gold grains were observed. The grains ranged in size from 0.6 µm to 216.5 µm, with an average size of 12.5 µm. The overall gold distribution analysis (ignoring the possible submicroscopic gold contribution to the head gold assay) showed that liberated gold accounts for approximately 19.8% of the total gold assay, with a size range of 1.1 µm

 

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to 216.5 µm and an average of 27.1 µm. Gold attached to pyrite, chalcopyrite, Bi-Te, non-opaque and other minerals accounts for 1.0%, with a size range of 1.5 µm to 22.6 µm and an average of 7.8 µm. Gold that was observed “locked” (at K80 = 150 µm) in non-opaque minerals, pyrite and other minerals accounted for 54.0% of the total gold assay, with a size range of 0.6 µm to 51.7 µm and an average size of 3.9 µm. The overall gold distribution and the size distribution analysis data for the gold grains are summarized in Figure 13-4 and Figure 13-5, respectively.

Figure 13-4: Overall Gold Distribution by Association

 

LOGO

 

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Figure 13-5: Mineralogical Characterization – Gold Minerals Particle Size Distribution (by Frequency)

 

LOGO

Little mineralogical information was obtained on silver. Only traces of silver-bearing minerals, including electrum and silver-gold tellurides, were observed.

 

13.4

Comminution Testwork

Previous Comminution Testwork

Comminution data, which include Bond low-impact (crusher), rod mill and ball mill work indexes, and Bond abrasion index, were produced during three programs. Within these programs, SAG Mill Comminution (SMC) tests were completed to determine the ore hardness characteristics. A summary of the comminution data is presented in Table 13-10.

 

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Table 13-10: Comminution Parameters – Summary of Ore Hardness Statistics

 

Metric

   Units      Mean      Standard
Deviation
     80th
Percentile
 

Bond crushing work index

     kWh/t        11.74        2.15        13.04  

Bond rod mill work index

     kWh/t        17.34        0.80        18.24  

Bond ball mill work index

     kWh/t        15.89        1.14        16.78  

Bond abrasion index

     g        0.55        0.17        0.70  

Drop-weight index

     kWh/m3        10.40        0.83        11.00  

Mia (coarse particle component)

     kWh/t        27.73        1.77        28.90  

Mih (HPGR component)

     kWh/t        22.41        1.77        23.60  

Mic (crusher component)

     kWh/t        11.58        0.92        12.20  

A x b (overall SAG mill hardness)

        25.98           25  

1/(A x b)

        0.038           0.040  

A = maximum breakage; b = relationship between energy and impact breakage

Most of the A x b values are below 30, which indicates very competent material. A histogram for A x b is shown in Figure 13-6. With most of the A x b values lower than 30, the mineralization is well-suited to an HPGR circuit.

Figure 13-6: Histogram for A x b

 

LOGO

 

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These comminution data sets were used primarily for the following:

 

 

 

Standard bond method for calculating gyratory crusher, secondary cone crusher and ball mill sizing. No credits were taken for micro cracking.

 

 

 

SMC method for calculating the HPGR, and secondary crusher sizing.

Pre-Feasibility Study Comminution Testwork

Additional testwork performed in this phase of the project include:

 

 

 

Bond low impact energy tests;

 

 

 

Bond ball and rod mill work indices;

 

 

 

SMC tests;

 

 

 

HPGR single pass and recycle tests at COREM;

 

 

 

Piston Press Testing at UBC; and

 

 

 

Atwal abrasion test.

Bond low energy impact work index testing was performed on 6 samples as listed in Table 13-11. Most of the samples tested fall in the category of hard.

Table 13-11: Crusher Work Index (2017 COREM Testwork)

 

Sample ID

   Number of
Specimens
     Average
CWI
(kWh/t)
     Min
CWI
(kWh/t)
     Max
CWI
(kWh/t)
     Std
Dev
(kWh/t)
     Relative
Density

(g/cc)
     Hardness
Percentile
     Category  

COR-0016

     18        15.8        5.6        27.7        4.9        2.88        84        Hard  

COR-0017

     17        14.9        5.7        31.1        5.9        2.68        80        Hard  

COR-0018

     14        16.6        6.2        47.0        9.7        2.67        87        Hard  

COR-0019

     10        10.2        5.5        15.1        3.2        2.67        52        Medium  

COR-0020

     14        17.5        5.7        35.3        7.9        2.67        90        Hard  

COR-0021

     10        13.8        6.8        23.2        5.5        2.66        74       
Moderately
Hard
 
 

Bond testing was performed on the HPGR composite. The rod mill bond work index test result is 14.0 kWh/t. The ball mill bond work index value is 15.3 kWh/t.

SMC test results are listed in Table 13-12. Axb values are consistently less than 30.

 

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Table 13-12: SMC Test Results – T2127 COREM

 

Sample ID

  

A

  

b

   A x
b
    

ta1

  

Hardness
Percentile

   SCSE
(kWh/
t)
    

Hardness
Percentile

   DWI
(kWh/
m3)
    

Mia
(kWh/t)

  

Mih
(kWh/t)

  

Mic
(kWh/t)

   Relative
Density

(g/cc)
 

COR-0005

   100.0    0.28      28.0      0.26    2.8      11.93      89      9.87      25.8    20.6    10.7      2.77  

COR-0006

   100.0    0.25      25.0      0.23    3.8      12.66      94      10.93      28.0    22.9    11.8      2.77  

COR-0007

   93.4    0.31      29.0      0.28    4.8      11.56      85      9.39      25.4    20.1    10.4      2.71  

COR-0008

   100.0    0.29      29.0      0.28    5.8      11.47      84      9.27      25.5    20.1    10.4      2.68  

COR-0009

   100.0    0.27      27.0      0.26    6.8      11.89      88      9.80      26.6    21.2    11.0      2.68  

COR-0010

   100.0    0.24      24.0      0.23    7.8      12.79      95      11.15      29.0    23.7    12.3      2.73  

COR-0011

   100.0    0.28      28.0      0.27    8.8      11.67      86      9.40      25.7    20.4    10.5      2.68  

COR-0012

   100.0    0.28      28.0      0.27    9.8      11.62      85      9.42      25.9    20.5    10.6      2.66  

COR-0013

   100.0    0.29      29.0      0.28    10.8      11.49      84      9.27      25.3    20.0    10.3      2.69  

Variability Overall Statistics

 

Average

           27.4           11.90           9.83                 2.71  

Minimum

           29.0           12.79           9.27                 2.66  

Maximum

           24.0           11.47           11.15                 2.77  

 

1 

the ta value reported as part of the SMC procedure is an estimate

*

Minimum and Maximum refer to softest and hardest for the grindability tests, respectively

Work was also performed at the pilot plant level for HPGR testing at COREM. For the design composite, the recycle HPGR test result showed the m-dot value to be 226.3 (t/h)/(m3/s). Net energy consumed was 1.63 kWh/t of HPGR feed. Specific pressure was 3.4 N/mm2. The closing screen was 4 mm. Particle size curves for the final cycle is shown in Figure 13-7. The screen undersize T80 value is 2.1 mm.

These comminution data sets were used primarily for the following:

 

 

 

Standard bond method for calculating gyratory crusher, secondary cone crusher and ball mill sizing. No credits were taken for micro cracking in the determination of power requirements.

 

 

 

HPGR recycle pilot plant testing was used for sizing of the HPGR.

 

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Figure 13-7: HPGR Recycle Test Particle Size Distribution

 

LOGO

Piston press testing was performed at UBC to better understand the variability of the ore.

Specific energy consumption in the piston press tests varied from 1.2 to 2.7 kWh/t, with an average of 1.81 kWh/t. Relating this to the pilot plant average specific energy of 1.63 kWh/t, it indicates that the net specific energy could rise to 2.4kWh/t, which corresponds to a power of 6899 kW for the hardest ore. Based on a power limit of 6000 kW, the design circulating throughput of 2837 t/h can be achieved at a specific energy of 2.11 kWh/t or approximately the 75th percentile ore specific energy level. Although the variability indicates a risk to achieving throughput for the harder ores, it should be noted that piston press tests will always have the extremes of variability and is only used as an additional method to confirm the pilot plant results.

The COREM 2.5t design composite included proportional amounts of post mineralized dykes, namely, Proterozoic age diabase dykes, lamprophyre dykes, and Archean mafic dykes, whereas, the UBC piston tests did not include this softer barren mafic material. This is possibly an important reason why the average specific energy of the design composite is lower than the piston test results.

 

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Figure 13-8: Histogram of UBC Piston Press Test Variability

 

LOGO

Atwal testwork was performed on the pilot plant sample used for HPGR sizing. The specific wear rate measured for the sample is classified as high with the wear rate from two tests averaging 54.26 g/t at a specific grinding force of 4 N/mm2 and varying the moisture between 1% and 3%.

To add confidence in the use of HPGRs for this particular ore, an external third party review was performed on the Amec Foster Wheeler supervised testwork to validate that testing. The third party reviewer was chosen on the basis of having supervised HPGR testwork and run operations at a HPGR facility. The third party review found no serious issues with either the testwork or the results of the testwork.

 

13.5

Gravity Testwork

SGS conducted Laplante extended gravity recoverable gold (GRG) tests on Composites A and B. The bulk extended GRG results and the cumulative three-state GRG as a function of particle size are presented in Table 13-13 and Figure 13-12, respectively. Both

 

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composites are high in GRG and have similar values, but the Composite B (Cu mineralization) GRG is considerably coarser.

Table 13-13: Overall Extended GRG Test Results

 

Composite A

     Composite B  

Grind Size

(µm)

   Stage GRG
(%)
     Grind Size
(µm)
     Stage GRG
(%)
 

573

     23.8        407        42.5  

228

     25.8        208        20.0  

98

     17.0        93        11.6  
  

 

 

       

 

 

 

Total

     66.7           74.1  
  

 

 

       

 

 

 

Head Grade (g/t Au)

     1.02           1.37  
  

 

 

       

 

 

 

Figure 13-9: Cumulative Three Stage GRG as a Function of Particle Size

 

LOGO

 

13.6

Cyanide Leaching Testwork

Emphasis in the earlier testwork programs was on determining ultimate gold extraction, followed by variability work on geometallurgical samples and, ultimately, optimization of only Master Composite A. Table 13-14 and Table 13-15 list the range of conditions of the whole ore and gravity tailings leach tests performed on the samples in the 12589 program.

 

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Table 13-14: General Conditions for WOL Tests

 

Program (Composite)

   Residence
Time, hr
     Available
NaCN, g/L
     Nominal Grind
P80, µm
    

Other

12589-001 (1 & 2)

     48        0.5        75 - 150      Preconditioning - O2

13345 (1, 2 & 3)

     48        0.5        75 - 250     

Preconditioning - O2

10 g/L carbon

12589-003 (A)

     48        0.5        75 - 150      Preconditioning - O2

Table 13-15: General Conditions for Gravity Tailings Cyanidation Tests

 

Program (Composite)

   Residence
Time, hr
     Available
NaCN, g/L
     Nominal Grind
P80, µm
    

Other

12589-001 (1 & 2)

     48        0.5        75 - 150      O2

12589-003 (A)

     48        0.5        75 - 150      O2

12859-003
Variability (C25, S & G)

     48        0.5        75 - 100      Preconditioning - O2

The results indicate that high recoveries are attainable by cyanide leaching, and that gold recoveries are improved by finer grinding.

All Côté samples leached with relatively consistent kinetics, with an average gravity recovery of 36% and overall extraction of 90.6% after 30 hours, reaching a plateau average extraction of 92.7% for these samples at 48 hours. Overall results also indicated that gold leached well in the levels of oxygen provided in the standard bottle-roll procedure, which includes air sparging during conditioning.

 

13.6.1

Effect of Head Grade

The response of samples to the gravity leach circuit is relatively consistent through the head-grade range plotted (>0.25 g/t Au). Figure 13-10 summarizes gold recovery as a function of head grade for the variability data, indicating that grinding is a stronger driver of recovery than head grade.

 

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Figure 13-10: Effect of Head Grade on Leach Recovery

 

LOGO

The variability work also indicated that ultimate recovery is not determined by lithology: all lithologies seem to behave similarly. However, this apparent uniformity in the mineralization may be a consequence of the gravity step ahead of leaching, which removes liberated gold to produce a more uniform leach feed sample highlighting the importance of the gravity step in achieving consistent plant recoveries.

 

13.6.2

Effect of Grind

The positive effect of grind on extraction was recognized earlier in the project. Each program to date has collected data on this aspect.

SGS Program 12589-003 compared the effect of grind for the WOL and gravity tailings leach flowsheet options. Figure 13-11 indicates that at coarser grinds, gravity concentration ahead of leaching can contribute to higher recovery by removing coarser gold that would take longer than the allocated leach residence time.

 

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Figure 13-11: Effect of Grind Size, WOL vs. Gravity Tailings – 48-hr Leach

 

LOGO

The regression coefficients between grind size and extraction suggests that grind is indeed the main driver. Other factors, such as alteration, head grade and lithology, are not determinants. Similar trends were observed in the variability program.

In 2017, a grind size vs. leach extraction series using the HPGR pilot plant product was conducted at COREM Laboratories in Quebec. Overall recovery data on the HPGR product samples indicate a gain in recovery over the previous variability data set (conventional grinding product samples) of approximately 2 to 4% at approximately 30 hours retention time (Figure 13-12). At 48 hours, the gain in leaching HPGR product and typical prepared product becomes minor.

 

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Figure 13-12: Effect of Grind Size, HPGR Product vs Lab Product at 30-hr Leach

 

LOGO

 

13.6.3

Cyanide and Lime Consumption

Regarding cyanide consumption, the laboratory tests indicate the following trends:

 

 

 

The mineralization is clean, and no cyanicides are present except for small amounts of S and Fe.

 

 

 

High NaCN concentration did not result in higher overall extraction.

 

 

 

For in-plant practice, the optimal dosage range is 0.3 – 0.5 g/L.

 

 

 

High NaCN concentrations result in increased NaCN consumption.

 

 

 

Cyanide consumption in the plant is anticipated to be in line with industrial practice, and for the gravity tailings leach is expected to be around 100 g/t of ore.

Results from optimization testing under program 12589-003 on Composite A are summarized in Figure 13-13 and Table 13-16.

 

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Figure 13-13: Cumulative Gold Leach Extraction by Cyanide Dosage – Gravity Tailings

 

LOGO

As seen in Table 13-16, both cyanide and lime consumptions are quite low in comparison to what is typically seen in industry but this reflects the lack of cyanicides and other cyanide consumers. Lime consumption is also positively impacted by the basic nature of the ore.

Table 13-16: Reagents Consumption on Gravity Tailings Leach – Composite A

 

NaCN concentration, g/L

     0.5        0.3        0.2        0.1  

Au Extraction, %

     91.2        93.8        92.3        82.5  

NaCN consumption, kg/t of ore

     0.07        0.05        0.04        0.03  

Lime consumption, kg/t of ore

     0.34        0.34        0.36        0.35  

 

13.6.4

Aeration

As part of the optimization program, SGS ran three tests to evaluate whether aeration or oxygenation would improve gold leach kinetics or overall extraction. Sparging rates were 5 mL/min for O2 and 1 L/min for air. All previous tests were run with passive aeration.

In both cases leaching kinetics improved, increasing extraction from 80% to 84% and 85% by 24 hours’ leaching time with air and oxygen, respectively. Overall recovery to 48 hours increased by 3.2 % and 3.6% with oxygen and air respectively.

 

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Higher-than-normal cyanide consumption in the test with sparged air was very likely a function of the large volume of air sparged into the pulp. Cyanide was likely volatilized into the air, and not consumed by the ore itself.

The results are summarized in Table 13-17 and the kinetic curves are plotted in Figure 13-14.

Table 13-17: Reagents Consumption on Gravity Tailings Leach - Optimization

 

Sparging

   Air      O2      None  

Au Extraction @ 24 hr, %

     84        85        80  

Overall Recovery @ 48 hr,%

     94.3        93.8        90.7  

NaCN consumption, kg/t of ore

     0.26        0.07        0.06  

Lime consumption, kg/t of ore

     0.65        0.34        0.49  

Figure 13-14: Aeration Kinetic Curves

 

LOGO

 

13.6.5

Cyanide Destruction

In 2013, the Caro’s Acid, SO2/Air and CombinOx® processes were investigated on a laboratory scale for the treatment of slurry effluent using a Composite A sample. The original residual target was set at 2 ppm weak acid dissociable (CNWAD.) A second set of tests targeted 2 ppm total cyanide (CNT.)

The sample was leached for 48 hours maintaining a 150 mg CNF/liter solution. After a 12 hour CIP retention time, the cyanide level was adjusted to 70 ppm.

 

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The testwork indicated that the Caro’s Acid and SO2/Air processes could produce effluents with CNWAD level at or below 2 ppm. However, the lime consumption for the Caro’s Acid process was substantial despite what appeared to be a well buffered effluent sample. The CombinOx® process didn’t achieve the target.

Based on the results from the initial 2 ppm CNWAD test series, the SO2/Air process was chosen to test the subsequent treatment target of 2 ppm CNT. In comparison to the optimized result for CNWAD treatment, slightly more SO2, a lower pH of 7.8 and 50 ppm copper were required to treat the weak acid dissociable cyanide and precipitate enough iron cyanide to achieve results below the 2 ppm CNT target.

The performance and reagent consumption data gathered from the SO2 process on a bulk sample for each process are summarized in Table 13-18.

Table 13-18: SO2/Air Continuous Optimum Results – 2 ppm CNT Treatment Target

 

            SOLUTION ASSAYS      REAGENT ADDITIONS  

Test

   Stream      Time      CNWAD     *CNT     Cu      Fe      pH      SO2      Ca(OH)2      Cu2+  
    

 

     (hours)      (ppm)     (ppm)     (ppm)      (ppm)     

 

     (g/g CNWAD)      ppm  
    

FEED

          68.04       101.6       4.78        12.01        10.5           

#9

    

Treated
Slurry

 
 
     2        0.44       1.3       0.297        0.309        7.8        5.0        2.352        50  
           (<0.05 **)      (<0.05 **)                  

*

calculated total CN

**

Results from outside lab

 

13.6.6

Barren Solution Analysis

The barren solution analysis performed in the early scoping programs on Composites 1, 2 and 3 suggest that metal dissolution during cyanide leaching is low, and there are no obvious environmental concerns.

 

13.7

Whole-Ore Leach Alternatives Assessment

The data presented in section 13.6.2 comparing the effect of grinding on WOL and gravity tailings leach also suggests that at coarser grinds, gravity can enhance overall recovery. For this reason, Amec Foster Wheeler recommends the installation of a gravity circuit. It will add flexibility to the operation and can be bypassed if deemed unnecessary for low-grade finely disseminated gold material. The process flow diagram for gravity tailings leach is shown in Figure 13-15.

 

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Figure 13-15: Process Flow Diagram for Gravity Tailings Leach

 

LOGO

 

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13.8

Mineralization Variability

Overall metallurgical test results show that all the variability samples were readily amenable to gravity concentration and cyanide leach. A total of 93 samples and 162 tests were performed. Figure 13-16 and Figure 13-17 show the gold head-grade range tested and the overall response by lithology, respectively.

Figure 13-16: Assayed vs. Calculated Gold Head Grade—Variability Samples

 

LOGO

Figure 13-17: Variability Samples – Au Recovery vs. Grind by Lithology

 

LOGO

 

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13.9

Recovery Estimate

Gravity recovery was estimated using the size-by-size GRG data available for Master Composite A, as input to KC-MOD*Pro gravity assessment software. Assuming the gravity circuit will treat 15% of the circulating load, the model indicated a 23% gold recovery by gravity.

Overall recovery data on the HPGR product samples indicate a gain in recovery over the previous variability data set (conventional grinding product samples.) Taking one third of this gain, the leach extraction and overall recovery are estimated at 90.9% and 91.8% respectively for a 32,000 ktpd throughput and 100 µm target grind. Table 13-19 summarizes efficiency factors and recovery estimates.

Figure 13-18: Grind vs. Recovery Curve

 

LOGO

 

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Table 13-19: Au Recovery Estimate for 32,000 ktpd and 100 µm Target Grind

 

Parameter

   Units    Value

Head Gold Grade, Average

   g/t Au    0.94

Head Silver Grade, Average

   g/t Ag    <2

Au Recovery by Gravity

   %    23

Intensive Leach Recovery

   %    99

Leach Recovery

   %    90.9

CIP Recovery (soluble & carbon fines losses)

   %    99

Desorption, Regeneration & Refining Recovery

   %    99.5

Overall Au Recovery

   %    91.8

Coarser grinds result in higher variance in tails which can be mitigated with extended leach times.

Further testwork is underway to optimize operating conditions and to check these preliminary results.

 

13.10

Conclusions

The Côté mineralization is free-milling (non-refractory). A portion of the gold liberates during grinding and is amenable to gravity concentration and the response to gravity and leaching is relatively consistent across head grades. Therefore, the lower-grade gold material is expected to exhibit the same level of metal extraction.

Individual lithologies follow the general trends for grind size sensitivity and cyanide consumption.

Overall recovery is estimated at 91.8% for the processing of 32,000 tpd using the proposed flowsheet.

Cyanide and lime consumptions are quite low in comparison to what is typically seen in the industry which reflects the lack of cyanicides and other cyanide consumers. Lime consumption is also positively impacted by the basic nature of the ore.

Metal dissolution during cyanide leaching was found to be low, and there are no obvious concerns with deleterious elements.

 

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13.11

Metallurgy and Process Recommendations

 

13.11.1

Metallurgical Testwork

It is recommended that the second phase of the testwork addressing the product from the HPGR pilot testing proceed. The goal would be to confirm optimal grinding size, optimize leaching variables and determine potential downstream benefits from the fracture characteristics of the HPGR. Additional grinding and settling testwork on this material is also recommended.

Adding some further point samples to determine variability at the optimized HPGR influenced conditions is recommended. In addition, these samples would also be used for mineralogy work and further strengthen the relationship of new information to previous older information.

Further variability work for HPGR machine testing and Atwal testing is recommended. It is expected that this would involve approximately 2,000 kg of material. Information from these samples would be used to optimize HPGR machine characteristics.

It also recommended that bin flow testwork also be performed as handling solids materials flow will be critical in plant design.    

 

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14.0

MINERAL RESOURCE ESTIMATES

 

14.1

Summary

RPA prepared an updated resource estimate for the Côté Gold Project as of May 26, 2017. The current Mineral Resource estimate is based on open pit mining methods and includes 281.2 Mt at an average grade of 0.89 g/t Au, containing 8.04 Moz in the Indicated category. There is an additional 76.5 Mt at an average grade of 0.50 g/t Au, containing 1.23 Moz in the Inferred category.

This Mineral Resource estimate was completed using Geovia GEMS 6.7 software. A 3D geological model was built and used to constrain and populate a resource block model. The estimate was based on the inverse distance cubed (ID3) interpolation method. The Mineral Resource is reported at a cut-off grade of 0.3 g/t Au and at a gold price of $1,500 per ounce. High grade gold assays were capped at grades ranging from 6 g/t to 40 g/t depending on domain. The Mineral Resource estimate as reported in Table 14-1 was constrained by a preliminary pit optimization shell.

RPA is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimate.

Table 14-1: Summary of Mineral Resources – May 26, 2017 IAMGOLD Corporation – Côté Gold Project

 

Category

   Tonnage
(000 t)
     Grade
(g/t Au)
     Contained Metal
( 000 oz Au)
 

Indicated

     281,171        0.89        8,037  

Inferred

     76,471        0.50        1,231  

Notes:

 

1.

CIM definitions were followed for Mineral Resources.

2.

Mineral Resources are estimated at a block cut-off grade of 0.3 g/t Au.

3.

Mineral Resources are estimated using a long-term gold price of $1,500 per ounce, and a US$/C$ exchange rate of 1/1.25.

4.

Bulk density varies from 2.69 t/m3 for tonalite to 2.75 t/m3 for diorite, and 2.93 t/m3 for diabase.

 

14.2

Mineral Resource Database

The Mineral Resources at the Côté Gold Project were estimated using diamond drillhole data. All holes have been established on a local grid and the final collar locations have

 

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been surveyed and reported in UTM Zone 17 NAD83 coordinates. The current Mineral Resource database is composed of 505 diamond drillholes, totalling 264,750 m, and 257,447 assayed samples. The resource database includes drillholes within and close to the pit area. Therefore, the total number of holes and their total length may vary compared to Section 10, which summarizes drillhole statistics for the whole property.

Except for some minor parts, the whole in-pit area has been drilled on an approximately 50 m drilling pattern. Drilling direction is dominantly at a planned azimuth of 150° (section line orientation). Some of the infill 50 m sections have been drilled at an azimuth of 330°, opposite to the dominant drilling direction. A few holes have been drilled from grid east to west, normal to the dominant drilling direction. Drilling at Côté Gold extends over a vertical distance of approximately 800 m, with ten holes extending beyond 1,000 m vertical. The actual database also contains eight metallurgical holes, six geotechnical holes, and approximately 20 others holes (mostly environmental holes). A small area of 200 m by 200 m has been drilled at a 25 m drilling pattern to a vertical depth of approximately 200 m to test continuity at a shorter range.

The drilling database contains information including: collar information, downhole deviation surveys, gold assays, multi-elements-ICP assays, lithological descriptions, alteration, structural measurements from oriented core, mineralization, and major textures.

The Geovia GEMS database validation routines were applied to the resource database. No errors were detected in the critical data tables. Based on this assessment, the checks described in Section 12, as well as evaluation of the data done for the previous estimates by RPA in 2011, 2012 and 2013, and IAMGOLD in 2014 and 2015, it is the QP’s opinion that the drillhole database is appropriate to form the basis of the Mineral Resource estimate for the Côté Gold deposit.

 

14.3

Geological Modelling

Two main domains of mineralization have been interpreted at Côté Gold and are referred to as the Breccia S Domain in the southwest and the Breccia N Domain in the northeast. The Breccia S and N domains are separated by a west striking, steeply north-dipping fault zone (Côté fault) and are intruded by vertical to steeply dipping, northwest striking post mineralization Matachewan age diabase dykes. The Breccia S and N domains were modelled by IAMGOLD Technical Services geologists based on geology and gold grade using the following criteria:

 

 

 

Hydrothermal breccias and medium to strong hydrothermal alteration,

 

 

 

Gold grades above approximately 0.3 g/t,

 

 

 

Continuity of grade from section to section with a minimum width of approximately 10 m.

 

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In previous geological models, the mineralization domain wireframes were based mostly on gold grade. The current mineralization domains incorporate most of the medium to strong hydrothermal alteration and breccias. The hydrothermal alteration may be expressed as:

 

 

 

hydrothermal breccia with mineralized matrix (composed of Chl-Bo-Qz-Mag-Py-Cpy),

 

 

 

pervasive hydrothermal alteration mineralization hosted mostly in tonalities, magmatic breccias, and diorites, or

 

 

 

sets of mineralized cavity fillings, veins, veinlets, and stringers.

More specifically, the upper boundary of the wireframe is clipped on the first breccia interval encountered downhole. If assays above cut-off grade (0.3 g/t Au) extend continuously beyond that breccia interval, the boundary is clipped on the last assay of that extension, which is considered to be the breccia’s zone of influence. The same applies for the lower boundary: the wireframe is clipped on the last breccia interval encountered downhole unless an above cut-off grade extension is present. Therefore, the mineralized wireframes were extended into zones of lower hydrothermal alteration when grades above cut-off were present. The mineralization domains incorporate some dilution in order to preserve continuity. The current model was developed based on the reinterpretation of hydrothermal alteration intensity from core logging data collected in 2014 and 2015 that was complemented by photographic core based re-logging in 2016 by IAMGOLD Technical Services.

In addition to the Breccia S and N solids, 3D models of the diabase dykes and fault were used. Figure 14-1 shows a 3D view of the modelled solids and the drillhole traces. All solids have been clipped to an interpreted overburden surface in order to facilitate the block model flagging. To support statistical analysis, solids were built to enclose the low grade unconstrained material on either side of the fault – Low North and Low South.

The update of the geological interpretation and mineralization wireframes for the current Mineral Resource estimate was done on vertical sections at 50 m and locally at 25 m, as well as on plan view to maintain continuity. All wireframes were snapped in 3D to drillholes. A typical vertical section showing the main interpreted units is presented in Figure 14-2.

 

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Figure 14-1: Côté Gold – 3D View of Côté Gold Domains

 

LOGO

 

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Figure 14-2: Côté Gold – Geological Cross Section 9,050E Looking West

 

LOGO

 

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Assay descriptive statistics, grade capping, compositing, and variography presented in the following sections are based on the mineralized breccia, low grade, and fault domains presented above.

 

14.4

Descriptive Statistics

The drillhole database contained 593 drillholes including geotechnical, metallurgical, and abandoned holes. The resource estimate is based on the samples captured inside the estimated domains (breccia, fault, and low grade) consisting of 252,737 assays with a total sampled length of 246,607.8 m. These samples were collected from 505 drillholes with a total length of 264,749.9 m.

All core drilled at the Project has been analyzed for gold, except for the larger diabase dykes. Other minor exceptions occur when short intervals, for example at the end of holes, have not been sampled. The normal practice at Côté Gold is to use a one metre sampling interval. Very few assays are longer or shorter than one metre and they are mostly related to early exploration-discovery holes. A histogram of sample length is presented in Figure 14-3.

 

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Figure 14-3: Côté Gold – Sample Length Histogram

 

LOGO

 

14.5

Capping

Occasional erratic high grade outlier values are scattered throughout the assay data, which is typical for positively skewed populations such as the gold assays at the Côté Gold Project. These erratic high grade outlier values could have a disproportionate influence on the estimated block grade. In order to prevent the undesired effects, anomalously high assay values are capped before being used for block grade estimation.

In the absence of production reconciliation data, a statistical approach is used to determine the capping levels appropriate for the estimate. Histograms, log probability plots, and decile analysis were investigated for each of the geological domains. The capping values used for the estimate are listed Table 14-2.

 

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Table 14-2: Gold Capping by Domain

 

IAMGOLD Corporation – Côté Gold Project

 

Domain

   Rock Type      Capped Grade (Au g/t)  

Breccia N

     6001        40  

Breccia S

     6002        40  

Low North

     1001        15  

Low South

     1002        15  

Fault

     50        6  

Table 14-3 presents the summary statistics for the capped and uncapped gold assays.

Table 14-3: Resource Assays Descriptive Statistics

 

IAMGOLD Corporation – Côté Gold Project

 

Domain

   Grade      Count      Min      Max      Mean      StDev      Variance      CV      Assays
Capped
     Metal
Loss%
 

Breccia N

    

Au

       41,726        0.00        785.09        0.77        6.97        48.59        9.01        —          —    
     Cap_Au        41,726        0.00        40.00        0.68        2.31        5.34        3.42        63        13  

Breccia S

    

Au

       43,064        0.00        2917.23        0.97        14.93        222.84        15.31        —          —    
     Cap_Au        43,064        0.00        40.00        0.84        2.49        6.22        2.98        63        14  

Low North

    

Au

       109,378        0.00        210.98        0.18        1.68        2.81        9.48        —          —    
     Cap_Au        109,378        0.00        15.00        0.15        0.68        0.47        4.41        93        12  

Low South

    

Au

       54,612        0.00        605.90        0.17        2.95        8.69        16.94        —          —    
     Cap_Au        54,612        0.00        15.00        0.14        0.70        0.50        4.90        52        17  

Fault

    

Au

       3,957        0.00        858.18        0.53        13.57        184.02        25.43        —          —    
     Cap_Au        3,957        0.00        6.00        0.27        0.67        0.45        2.52        26        50  

The reduction of metal after capping the erratic high values is 13% for Breccia N and 14% for Breccia S domains, 12% for Low North and 17% for Low South domains, and 50% for the Fault Domain. For the Fault Domain, by removing one outlier that assayed 858.18 g/t Au, the maximum drops to 37.53 g/t Au, the average to 0.32 g/t Au, and the metal loss to 17%, in line with the rest of the domains. Overall, 0.1% of the assays results have been capped, which is reasonable for this type of deposit.

The capping values applied in previous resource estimates for Côté Gold varied as the number of samples available and modelled estimation domains evolved; however, the metal reduction values remained relatively stable. The current interpretation acknowledges the presence of geologically controlled higher grade areas.

 

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14.6

Compositing

In order to achieve a uniform sample length support, decrease variability, and meet the planned mining equipment selectivity, a six metre composite length has been selected for the present Mineral Resource estimate. This corresponds to half the block height and introduces a reasonable smoothing compared to the size of the planned operation. The composites run downhole from collar to toe, resetting at each domain change. Capped assays were then composited, preserving the orphans larger than three metres. Comparison of descriptive statistics for composites before and after removal of short orphans has been performed and no bias was observed. A summary of statistics for capped and uncapped composites is presented in Table 14-4.

Table 14-4: Resource Composites Descriptive Statistics

 

IAMGOLD Corporation – Côté Gold Project

 

Zone

   Grade    Count      Minimum      Maximum      Mean      Stdev      Variance      CV  

Breccia N

   CAU      6,711        0.00        13.21        0.67        1.07        1.15        1.61  
   AU      6,711        0.00        133.85        0.76        2.88        8.31        3.78  

Breccia S

   AU      7,010        0.00        491.49        0.97        6.18        38.14        6.35  
   CAU      7,010        0.00        16.00        0.84        1.19        1.41        1.42  

Low North

   CAU      17,911        0.00        6.58        0.15        0.33        0.11        2.14  
   AU      17,911        0.00        28.15        0.18        0.70        0.50        4.00  

Low South

   AU      9,123        0.00        101.30        0.17        1.21        1.47        7.04  
   CAU      9,123        0.00        5.57        0.14        0.32        0.10        2.27  

Fault

   AU      713        0.00        143.80        0.52        5.54        30.65        10.66  
   CAU      713        0.00        3.69        0.26        0.42        0.17        1.62  

 

14.7

Domaining

A contact analysis study was performed in order to determine the adequacy of the domaining. The study confirmed that a hard boundary should be applied between the breccia and low grade domains. Also, the contact plots showed that the breccia domains are consistent regardless of lithology. The composite contact plot between the Breccia N and low grade domains is shown in Figure 14-4. The testing for potential sub-domaining of the Breccia N domain in diorite and non-diorite lithology is shown in Figure 14-5, indicating that no sub-domaining was necessary. A hard boundary was applied for the fault domain

 

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Figure 14-4: Contact Profile – North Breccia Versus Low Grade

 

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Figure 14-5: Contact Profile – North Non-Diorite Breccia Versus North Diorite Breccia

 

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14.8

Variography and Grade Trends

RPA carried out a variographic analysis for each domain on 6 m capped composites. Downhole, omni-directional, and directional variograms were modelled with limited success, as oriented variograms did not seem to improve significantly over the omni-directional ones, indicating that multiple grade trends were present in the data set. The downhole and omni-directional variograms for the overall Breccia N domain are shown in Figure 14-6 and Figure 14-7.

A set of grade shells at various gold cut-off grades was developed in Leapfrog Geo 3 to help identify local grade trends. Shoots of contiguous higher grade material with variable orientations were defined in the breccia domains, as shown in Figure 14-8. Variograms with longer ranges were defined when composites from the higher grade shoots were analyzed. For the higher grade shoots a number of general orientations were defined.

 

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The modelled variograms were used to define anisotropic search ellipses with longer ranges for the higher grade shoots, while elsewhere in the breccia solids a spherical search ellipse was used, as presented in Figure 14-7.

Figure 14-6: Breccia N Downhole Variogram

 

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Figure 14-7: Breccia N Omni-Directional Variogram

 

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Figure 14-8: Higher Grade Shoots in Breccia Domains

 

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14.9

Density

Density measurements for 1,537 samples were available for Côté Gold, most of them within the low grade area. From 2009 to 2012, density was measured by the IAMGOLD technician on camp using the immersion method. For 2014 and 2015, density was measured on pulps at ActLabs using a pycnometer. ActLabs density measurements represent approximatively 45% of the total.

The density values for the current estimate were established based on the lithology, as presented in Table 14-5. Previously, an average value of 2.72 g/cm3 was used.

Table 14-5: Density Statistics by Lithology

 

IAMGOLD Corporation – Côté Gold Project

 

Description

  

Code

   March2017  

Diabase

   40      2.93  

Fault

   50      2.69  

Tonalite Breccia

   6001 and 6002      2.71  

Diorite Breccia

   6001 and 6002      2.73  

Tonalite

   1001 and 1002      2.69  

Diorite

   1001 and 1002      2.75  

 

14.10

Block Model

The resource estimate is supported by a rotated, multi-folder, percent block model developed in Geovia GEMS. A block size of 10 m by 10 m by 12 m was used and the model was rotated 30° using the GEMS convention. The origin of the block model is 429,000E, 5,265,000N, and 436El (minimum easting, minimum northing, and maximum elevation). The block model has 300 columns (easting), 225 rows (northing), and 100 levels (elevation). A summary of the block model properties is presented in Table 14-6.

 

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Table 14-6: Block Model Properties

 

IAMGOLD Corporation – Côté Gold Project

Element

   10x10x12m

Minimum East

   429,000 E

Minimum Northing

   5265,000 N

Maximum Elevation

   436 m

Number of Row

   225

Number of Column

   300

Number of Level

   100

Row size

   10 m

Column size

   10 m

Level size

   12 m

Rotation*

   30°

 

*

Using GEMS convention

In each block model folder, the blocks were flagged with domain rock codes and percent of block inside the domain solids (Breccia N, Breccia S, Low North, Low South, Fault, and Diabase). The block model was then populated with interpolated gold grade values, density, and classification.

 

14.11

Interpolation

The block grade was estimated using the ID3 interpolation method in one pass. A hard boundary was applied to composites from different lithological domains (6001, 6002, 1001, 1002, 50), while a soft boundary approach was used between the breccia domains and the higher grade shoots (between 6001 and 9011-9013, and between 6002 and 9021-9023).

After a number of interpolation tests for the unconstrained domains, a high grade limit was imposed for composites above 1 g/t Au located more than 15 m away from block centroids to control the influence of isolated high grade composites.

The sample selection strategy and interpolation parameters are presented in Table 14-7. Interpolated block grades for each domain were then consolidated into a final block model folder. The final model, where the contribution of all geological domains sharing a block is recognized in the final block grade, was then used for pit optimization and resource reporting.

 

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Table 14-7: Sample Selection and Interpolation Parameters

 

IAMGOLD Corporation – Côté Gold Project

Solid

   Code    Composite
min
   Composite
max
   Composites
max per
hole
  

Ellipse

orientation

(Az/Dip/Az)

   Ellipse
ranges (m)

Breccia N

   6001    2    12    3    Isotropic    50/50/50

NE_HG_1

   9011    2    12    3    140/70/70    100/50/25

NE_HG_2

   9012    2    12    3    230/40/240    100/50/50

NE_HG_3

   9013    2    12    3    0/65/80    100/50/25

Breccia S

   6002    2    12    3    Isotropic    50/50/50

SW_HG_1

   9021    2    12    3    0/89/180    100/50/50

SW_HG_2

   9022    2    12    3    140/65/180    100/50/50

SW_HG_3

   9023    2    12    3    220/50/180    100/50/50

NE_LG (unconstrained)

   1001    2    8    2    Isotropic    75/75/75
               *High grade limit 15/15/15 m at 1 g/t Au   

SW_LG (unconstrained)

   1002    2    8    2    Isotropic    75/75/75
               *High grade limit 15/15/15 m at 1 g/t Au   

Fault

   50    1    8    3    183/67/282    150/75/35

 

14.12

Block model validation

The estimated grades were validated by various methods, including visual comparison of interpolated block grades versus composite grades in plan and vertical sections, swath plots, and comparison with alternative interpolation methods. A typical cross section (9,050E) showing geological domains, composites, and interpolated block grades is shown in Figure 14-9, while Figure 14-10 shows a typical plan view at the 275 m elevation. Swath plots of Indicated blocks captured inside the resource shell along easting, northing, and elevation are shown in Figure 14-11.

 

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Figure 14-9: Cross Section 9,050E Looking West – Gold Grades

 

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Figure 14-10: 275 M Plan View – Gold Grades

 

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Figure 14-11: Swath Plot For Indicated Material

 

 

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14.13

Classification

Interpolated Breccia blocks in domains 6001 and 6002 that were supported by approximately 50 m spaced drilling were classified as Indicated Mineral Resources. RPA manually built an Indicated classification wireframe. Interpolated Fault blocks (domain 50) in areas with higher drilling density were also classified as Indicated based on manual contours. The rest of the interpolated blocks situated in the resource shell, from all the domains, were classified as Inferred Mineral Resources. The classification was then transferred to the final consolidated block model based on majority rules. No blocks were classified as Measured.

The classified blocks located inside the resource shell were reported as Mineral Resources. Figure 14-12 shows Indicated blocks in the resource shell.

 

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Figure 14-12: In-Pit Indicated Material

 

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14.14

Cut-off Grade

Based on the parameters outlined in Section 15, a cut-off grade of 0.3 g/t Au was selected for Côté Gold. Only the classified blocks above the cut-off grade and located completely within the resource shell were reported as Mineral Resource.

 

14.15

Resource Sensitivity

Grade-tonnage curves for in-pit Indicated Resources are presented in Figure 14-13. The Mineral Resources are sensitive to a change in cut-off grade. Increasing the cut-off grade from 0.3 g/t Au to 0.4 g/t Au (a 33% increase) results in a 15% reduction of the resources, while a cut-off grade of 0.5 g/t Au (67% increase) results in a 28% reduction. Table 14-8 lists the Indicated Resources reported at 0.1 g/t increments of the cut-off grade.

Figure 14-13: Côté Gold – In-Pit Indicated Grade-Tonnage Curves

 

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Table 14-8: In-Pit Indicated Resources Sensitivity to Cut Off Grade

 

IAMGOLD Corporation – Côté Gold Project

 

Cut-off Grade

   Tonnage (000’t)      Grade (g/t Au)  

0.0

     349,229.7        0.74  

0.1

     339,924.6        0.76  

0.2

     312,737.5        0.82  

0.3

     276,715.3        0.89  

0.4

     236,561.7        0.98  

0.5

     198,439.6        1.08  

0.6

     164,316.0        1.19  

0.7

     135,932.3        1.31  

0.8

     112,706.9        1.42  

0.9

     94,125.3        1.54  

1.0

     79,289.0        1.65  

1.1

     66,893.2        1.76  

1.2

     56,625.1        1.87  

1.3

     47,757.2        1.98  

1.4

     40,321.4        2.10  

1.5

     34,131.7        2.21  

1.6

     29,095.5        2.33  

1.7

     25,142.3        2.44  

1.8

     21,640.6        2.55  

1.9

     18,740.7        2.66  

2.0

     16,058.8        2.77  

 

14.16

Comparison with previous estimates

The overall updated in-pit Mineral Resources are similar to the 2015 year end resource estimate, however, the distribution of Indicated blocks within the pit has changed. More Indicated Resources have been outlined near surface, while less Indicated Resources were outlined at depth. In addition, some Indicated Resources were added within the Fault Domain. Table 14-9 presents the evolution of the Mineral Resources for Côté Gold.

 

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Table 14-9: Comparison with Previous Mineral Resource Estimates

 

IAMGOLD Corporation – Côté Gold Project

 

Date

   INDICATED      INFERRED  
   Tonnage      Gold      Gold      Tonnage      Gold      Gold  
   (Mt)      (g/t)      (Moz)      (Mt)      (g/t)      (Moz)  

Apr-11

     —          —          —          131        1.00        4.22  

Apr-12

     35        0.82        0.93        204        0.91        5.94  

Oct-12

     131        0.84        3.56        165        0.88        4.66  

Dec-12

     269        0.88        7.61        44        0.74        1.04  

Dec-14

     279        0.86        7.72        52        0.74        1.24  

Dec-15

     289        0.90        8.40        67        0.55        1.17  

May-17

     281        0.89        8.04        76        0.50        1.23  

Compared to the 2015 estimate, the current Indicated Resources have decreased slightly by approximately 4% in contained ounces (almost 3% tonnage loss and 1% grade reduction), mostly as a result of the new interpretation for the Breccia domains. The Inferred Resources show a 5% increase (13% tonnage increase and 9% grade reduction). Additional model refinements with minimal impact include density assignment by lithology, revised capping grade, adjusted interpolation parameters, and smaller block size.

 

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15.0

MINERAL RESERVE ESTIMATES

 

15.1

Overview

Mineral Reserves were classified in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (May 10, 2014). Only Mineral Resources that were classified as Measured and Indicated were given economic attributes in the mine design and when demonstrating economic viability. Mineral Reserves for the Côté Gold deposit incorporate appropriate mining dilution and mining recovery estimations for the open pit mining method.

The Mineral Reserve estimate for the Côté Gold deposit is based on the resource block model provided by RPA with an effective date of May 26, 2017, as well as information provided by IAMGOLD and information generated by Amec Foster Wheeler based on the preceding PEA Study.

Mineral Reserves are an estimate of the tonnage and grade of ore that can be economically mined and processed. To be considered Mineral Reserves the estimated material must pay for all costs incurred during mining, processing and selling.

The following section outlines the procedures used to estimate the Mineral Reserves. The mine plan is based on the detailed mine design derived from the optimal pit shell produced by applying the Lerchs-Grossman (LG) algorithm.

 

15.2

Pit Optimization

The pit shells that define the ultimate pit limit, as well as the internal phases, were derived using the LG pit optimization algorithm. This process takes into account the information stored in the geological block model, the pit slope angles by geotechnical sector, the commodity prices, the mining and processing costs, the process recovery and the sales cost for the gold produced. Table 15-1 provides a summary of the primary optimization inputs.

Table 15-1: Optimization Inputs

 

Parameter

   Unit    Value  

Gold Price

   $/oz      1,200  

Discount Rate

   %      6  

Overall Slope Angles

     

Sector 1

   degrees      41  

Sector 2

   degrees      45  

Sector 3

   degrees      37  

 

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Parameter

   Unit    Value  

Sector 4

   degrees      45  

Dilution

   %      Estimated in a block-by-block basis  

Mine Losses

   %      Taken into account by block  

Mining Cost

     

Base Elevation

   m      388  

Base Cost

   $/t      1.93  

Incremental Mining Cost

   $/t/bench      0.035  

Stockpile Reclaim Cost

   $/t      0.84  

Process Costs

     

Operating Cost

   $/t milled      6.58  

G&A

   $/t milled      1.45  

Process Sustaining Capital

   $/t milled      0.57  

Closure

   $/t milled      0.18  

Processing Rate

   Kt/d      32  

Process Recovery

   %      92.50  

Treatment & Refining Cost

   $/oz      4.00  

Royalties

     

Zone 1

   %      0.75  

Zone 2

   %      1.00  

Zone 3

   %      0.00  

Zone 4

   %      1.50  

Zone 5

   %      0.75  

Zone 6

   %      1.50  

Zone 7

   %      0.75  

Zone 8

   %      0.75  

Amec Foster Wheeler imported the resource model, containing gold grades, block percentages, material density, slope sectors and rock types, and net smelter return, into the optimization software. The optimization run was carried out only using Measured and Indicated Mineral Resources to define the optimal mining limits

The optimization run included 41 pit shells defined according to different revenue factors, where a revenue factor of 1 is the base case. To select the optimal pit shell that defines the ultimate pit limit, Amec Foster Wheeler conducted a pit-by-pit analysis to evaluate the contribution of each incremental shell to NPV, assuming a processing plant capacity of 32 kt/d and a discount rate of 6% (Figure 15-1). Following this analysis, the Selected pit shell is usually smaller than the Base Case pit shell. The Selected pit shell for Côté Gold is shown in Figure 15-2. This represents an NPV improvement of $28.7 M over the Base Case pit shell.

 

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Figure 15-1: Pit-by-Pit Analysis

 

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Figure 15-2: Selected Pit Shell

 

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15.3

Dilution and Ore Losses

The dilution percentage was estimated according to Amec Foster Wheeler’s experience in other projects. Dilution by block was estimated using detailed scripts that account for dyke and contact dilution.

To estimate the percentage of the dyke that can be segregated during mining the following steps were followed:

 

 

 

The block model was gridded on a 2 x 2 x 12 m, then rotated 30 degrees clockwise such that once rotated, the sub-vertical dykes were oriented along the north-south direction.

 

 

 

Dyke nodes were turned to non-dyke where the east-west dyke width was <= 8 m (or four nodes). Small clusters of dyke nodes (<= 50 nodes or 200 m2) were turned to non-dyke. Dyke nodes turned to non-dyke cannot be segregated.

 

 

 

The model was rotated back and reblocked to 10 x 10 x 12 m block size (RPA resource block model block size).

 

 

 

Three different dyke percentages were then available in each block: original dyke percentage or total dyke percentage, percentage of dyke that cannot be segregated, and percentage of dyke that can be segregated. These percentages were used to apply dyke dilution for the reserves.

 

 

 

The estimated average dyke dilution is 1.2%.

Contact dilution was estimated using the following steps:

 

 

 

The grade of a given block will be diluted by blending 20% of the tonnage from each of the four adjacent blocks. This process is only performed to calculate the diluted block grade leaving the original block tonnage unchanged.

 

 

 

If an adjacent block is classified as Inferred Mineral Resource its grade is considered to be zero. If the adjacent block is Measured or Indicated, but below cut-off, dilution is taken at the grade of the adjacent block.

 

 

 

The estimated average contact dilution estimated using this procedure is 3.1%.

 

 

 

The procedure is illustrated in Figure 15-3.

The total average dilution estimated in the described manner is 4.3% with an average grade close to 0 g/t. This estimate include expected ore losses.

 

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Figure 15-3: Contact Dilution Estimation Procedure

 

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15.4 Mineral Reserve Statement

The Mineral Reserve estimate includes the tonnage and grade of ore that can be economically mined and processed. To be considered mineral reserves the mineralised material must pay for mining costs, processing costs, selling costs, royalties and rehandling costs.

As the mining cost increases with depth and the royalty percentage varies by zone, individual blocks captured within the final pit design were tagged as either ore or waste by applying the parameters shown in Table 15-1. Using the partial block percentages within the final pit design the ore tonnage and average grade were calculated. The Mineral Reserve statement is shown in Table 15-2. The break-even cut-off grade varies according to the pit bench depth and the royalty zone, within a range of 0.30 to 0.37 g/t.

 

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Table 15-2: Mineral Reserve Statement – May 26, 2017

 

     Tonnage
t x 1000
     Gold  

Class

      g/t      ounces x 1000  

Proven Mineral Reserves

     —          —          —    

Probable Mineral Reserves

     196,079        0.94        5,925.8  

Proven & Probable Mineral Reserves

     196,079        0.94        5,925.8  

Waste within Designed Pit

     559,155        

Total Tonnage within Designed Pit

     755,234        

Notes:

 

(1)

Reserves estimated assuming open pit mining methods

(2)

Reserves are based on gold price of $1200/oz

(3)

Fixed process recovery of 92.5%

(4)

Treatment and refining costs, including transport and selling cost, estimated to be $4.00/oz Au.

(5)

Variable royalty percentages by zone: 0.75% for zone 1, 1.00% for zone 2, 0.00% for zone 3, 1.50% for zone 4, 0.75% for zone 5, 1.50% for zone 6, 0.75% for zone 7, and 0.75% for zone 8. Only zones 2, 3, 5 and 6 have Mineral Reserves.

(6)

Processing costs: $8.77/t. Include process cost: $6.58/t, G&A: $1.45/t, Sustaining: $0.57/t, Closure: $0.18/t.

(7)

Mining costs: $1.93/t incremented at $0.035/t/ 12m below 388m elevation. Average mining cost: $2.39/t. Rehandling cost $0.84/t.

(8)

The break-even cut-off grade varies according to the pit bench depth and the royalty zone, within a range of 0.30 to 0.37 g/t.

 

15.5

Factors Affecting Mineral Reserves

The Côté Gold Mineral Reserves are subject to the types of risks common to open pit gold mining operations that exist in Ontario. The risks are reasonably well understood at the Prefeasibility level of study, and should be manageable. Proper management of groundwater will be important to maintaining pit slope stability.

 

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16.0

MINING METHODS

 

16.1

Overview

The following section outlines the parameters and procedures used for the design of the mine as a conventional open pit, estimates the Mineral Reserves within the open pit mine plan, and establishes a practical mining schedule for the Côté Gold PFS. The mine plan is based on the Proven and Probable Mineral Mineral Reserves discussed in Section 15 of this report.

 

16.2

Mine Design

The Côté Gold Project is designed as a conventional truck-shovel operation assuming 220 t trucks and 34 m3 shovels. The pit design includes four nested phases to balance stripping requirements while satisfying the processing plant requirements.

The design parameters include a ramp width of 35 m, road grades of 10%, bench height of 12 m, targeted mining width of 100 m, berm interval of 24 m, variable slope angles by sector and a minimum mining width of 40 m. Table 16-1 shows the mine design parameters.

Table 16-1: Mine Design Parameters

 

          Geotechnical
Sector
 

Parameter

   Units    1      2      3      4  

Inter-Ramp Angle

   degrees      48        53        42        53  

Bench Face Angle

   degrees      65        75        60        75  

Overall Slope Angle

   degrees      41        45        37        45  

Bench Height

   m      12        12        12        12  

Catch Bench Spacing

   bench      2        2        2        2  

Road Gradient

   %      10        10        10        10  

Road Width - Two Lanes

   m      35        35        35        35  

Road Width - One Lane

   m      23        23        23        23  

The smoothed final pit design contains approximately 196 Mt of ore and 559 Mt of waste for a resulting stripping ratio of 2.85:1. Within the 196 Mt of ore, the average grade is 0.94 g/t Au. These tonnages and grades were derived by following an elevated cut-off strategy in the production schedule. Figure 16-1 shows the ultimate pit design. Figure 16-2 and Figure 16-3 show pit sections comparing the mine design to the selected pit shell.

 

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Figure 16-1: Ultimate Pit Design

 

LOGO

Figure 16-2: Section 1 Showing Mine Design and Selected Pit Shell

 

LOGO

 

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Figure 16-3: Section 2 Showing Mine Design and Selected Pit Shell

 

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16.3

Waste Rock Facilities and Stockpile Designs

The design and construction of the mining rock area (MRA), overburden area and stockpiles should ensure physical and chemical stability during and after mining activities. To achieve this, the waste areas and stockpiles are designed to account for benching, drainage, geotechnical stability, and concurrent reclamation.

The MRA design criteria include 12.8 m berms, 2.6H:1V overall slopes, 10 m lifts, and a 33% swell factor for estimating volumes. In the case of the overburden area, the design criteria include 16.7 m berms, 3H:1V overall slopes, 10 m lifts, and a 33% swell factor for estimating volumes. Figure 16-4 shows the designs.

 

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Figure 16-4: Waste Rock Facilities

 

LOGO

In Figure 16-4, the smallest facility is the overburden storage, which is located southwest of the pit, and has a storage capacity of approximately 8.8 Mm3. The MRA is located southeast of the pit and has a storage capacity of approximately 220 Mm3. The ore stockpiles are located on the north side of the pit and have a total storage capacity of 22 Mm3, which is enough to satisfy the maximum stockpiling capacity of approximately 25 Mt required in the production schedule. Figure 16-5 shows the stockpile design with respect to the Côté Gold pit.

 

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Figure 16-5: Ore Stockpiles

 

LOGO

 

16.4

Production Schedule

The production schedule includes the processing ramp up. The processing plant ramp-up takes into account the inefficiencies related to the start of operations, and includes the tonnage processed as well as the associated recoveries, which steadily increase to reach the design capacity during the second quarter of operation. The mine will require one year of preproduction before the start of operations in the processing plant. Although the mine requires one year of pre-stripping, mining starts in year -2 to provide material for the tailings management facility (TMF) construction.

The deposit is mined in four nested phases, including the ultimate pit limit. The schedule was developed in quarters for the pre-production period and for the first two years of production, then in yearly periods to the life of mine.

The scheduling constraints set the maximum mining capacity at 60 Mt per year and the maximum number of benches mined per year at eight in each phase. Additional constraints were used to guide the schedule and to obtain the desired results. Examples of these additional constraints include maximum stockpile capacity and reducing the mining capacity in later years during the life of mine to balance the number of truck hours per period.

The schedule produced based on the Probable Mineral Reserves shows a life-of-mine (LOM) of 16 years with stockpile reclaim extending into Year 17. The amount of rehandled mill feed is 42 Mt, which requires a maximum stockpile capacity of 25 Mt when considering the reclaim. The average grade to the mil over the LOM is 0.94 g/t Au. The yearly LOM

 

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schedule is shown in Table 16-2 and Figure 16-6. Figure 16-7 shows the scheduled feed grade and Figure 16-8 shows the stockpile balance.

Table 16-2: Production Schedule

 

     Tonnage (kt)      Grade (Au g/t)  
     To Mill      Mine to      Total      To Mill      Mine to  

Period

   Mine      Stockpile      Total Feed      Stockpile      Waste      Mine      Stockpile      Total Feed      Stockpile  

-2

     —          —          —          375        2,315        —          —          —          0.99  

-1

     —          —          —          4,381        32,877        —          —          —          0.88  

1

     7,243        2,560        9,803        6,846        46,348        1.28        1.31        1.29        0.53  

2

     9,276        2,404        11,680        6,931        44,033        1.27        0.60        1.13        0.47  

3

     11,459        221        11,680        7,131        41,358        1.18        0.59        1.17        0.49  

4

     10,889        791        11,680        4,293        44,836        1.32        0.60        1.27        0.50  

5

     10,744        936        11,680        2,621        46,647        1.21        0.60        1.16        0.44  

6

     6,907        4,773        11,680        2,137        49,067        0.96        0.60        0.81        0.41  

7

     8,676        3,004        11,680        3,667        40,363        1.01        0.60        0.90        0.41  

8

     9,640        2,040        11,680        403        39,490        0.91        0.41        0.82        0.41  

9

     10,228        1,452        11,680        333        38,751        0.96        0.41        0.89        0.42  

10

     7,991        3,689        11,680        82        37,912        0.87        0.41        0.72        0.41  

11

     10,088        1,592        11,680        —          36,338        0.78        0.41        0.73        —    

12

     10,768        912        11,680        2,177        35,145        0.92        0.41        0.88        0.41  

13

     9,769        1,911        11,680        346        12,800        1.07        0.41        0.96        0.43  

14

     9,425        2,255        11,680        281        5,380        1.08        0.41        0.95        0.43  

15

     10,829        851        11,680        —          3,433        1.04        0.41        0.99        —    

16

     10,143        1,537        11,680        —          2,063        0.98        0.41        0.90        —    

17

     —          11,075        11,075        —          —          —          0.41        0.41        —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     154,075        42,003        196,079        42,003        559,156        1.05        0.52        0.94        0.52  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

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Figure 16-6: Production Schedule

 

LOGO

Figure 16-7: Scheduled Feed Grade

 

LOGO

 

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Figure 16-8: Stockpile Balance

 

LOGO

 

16.5

Waste Material Handling

Waste will be hauled to the MRA using 220 t trucks. The construction sequence starts at the bottom of the dump by dumping the material in 10-m lifts, leaving a 12.8 m berm every lift. The resulting overall slope angle of the dump face will be 2.6H:1V.

The overburden area will be constructed in a similar manner using 40 t trucks, leaving a 16.7 m berm every lift for a resulting overall slope angle of 3H:1V.

 

16.6

Operating Schedule

The Côté Gold mine is scheduled to operate 24 hours a day, seven days a week utilizing four rotating crews working a 12-hour shift. During the day, there are two 12-hour shifts scheduled, consisting of a day shift and a night shift. The crews “hot change” or overlap between shifts to allow for continuous mine operations. A number of duties only require work during the daylight hours. For these duties, two crews rotate to provide seven day-a-week day-shift coverage. Personnel not engaged in shift work, work a 5 day on, 2 day off schedule, for an 8 hour shift.

For the rotating mine operations crews, approximately 3.25 hours are lost per day to standby time, inclusive of two hours for breaks, 30 minutes for fuelling, 20 minutes for shift change, 20 minutes for blast delay, and five minutes for meetings (Table 16-3).

 

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Over a year, approximately 5 days or 120 hours are assumed lost to poor weather conditions, predominantly in the winter time. It is assumed that the equipment is manned but delayed during these weather events. Table 16-3 shows equipment gross operating hours per year.

Table 16-3: Gross Operating Hours per Year

 

Calendar Time

     
  

Days

     365  
  

Shifts per day

     2  
  

Shift length

     12  
   Calendar Time (h/year)      8,760  

Available Time

     
  

Availability

     88
  

Down time (h/year)

     1,051  
   Available Time (h/year)      7,709  

Gross Operating Time

     
  

Operating Standby

  
  

Internal (minutes/day)

  
  

Lunch & breaks

     120  
  

Blast delay

     20  
  

Fueling

     30  
  

Shift change

     20  
  

Meetings

     5  
  

External (h/year)

  
  

Weather

     120  
   Operating Standby (h/year)      1,150  
   Gross Operating Hours (h/year)      6,559  

Accounting for standby time and weather delays, equipment accumulates approximately 6,559 gross operating hours (GOH) per year in the example above. For productivity calculations, it is assumed that following preproduction, the trucks and shovels are in a productive cycle approximately 50 minutes each hour, or 83% of the time. For drills and support equipment, the productive utilization is lower and in the range of 75%. During the preproduction period, the equipment’s productive utilization is de-rated to account for initial site conditions and operator skill level (Table 16-4).

Table 16-4: Productive Utilization Ramp-up

 

Period

   Productive Utilization  

PP Q8

     67

PP Q7

     67

PP Q6

     75

PP Q5

     75

 

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PP Q4

     75

PP Q3

     75

PP Q2

     75

PP Q1

     75

Yr1 Q1 plus

     83

Like mine operations, mine maintenance is scheduled to work a 24/7 schedule to allow for continuous maintenance coverage. Nonetheless, the majority of planned maintenance work is done during the day shift with a skeleton crew scheduled for the night shift.

Blasting is only scheduled during the daylight hours. Two blasting crews rotate on a 12 hour day shift, for seven day-a-week coverage.

 

16.7

Mining Equipment

Côté is mined using a conventional owner operated truck and electric/hydraulic shovel fleet supported by contract blasting. The truck fleet is diesel powered with the capacity to mine approximately 60 Mt per year operating on 12-m benches. The shovel fleet is electric powered supported by a large diesel powered front end loader.

Equipment requirements are estimated quarterly during preproduction and the first two years of mining, and annually thereafter. Equipment sizing and numbers are based on the mine plan, the operational factors shown in Table 16-5, and a twenty-four hour per day, seven day a week work schedule.

Table 16-5: Equipment Utilization and Efficiency

 

Equipment

   Availability     Efficiency  

Blasthole production drill

     84     75

Haul Truck - 220 t

     87     83

Front End Loader - 21.0 m3

     86     83

Hydraulic Shovel – 34.0 m3

     86     83

Dozer (433 kW)

     85     83

86t Excavator

     85     83

40t Articulated Truck

     85     83

RTD (372 kW)

     85     83

Grader - 4.5 M Blade

     85     83

Water Truck - 75,000 l

     85     83

 

16.7.1

Blasting

Blasting operations are contracted to a blasting explosives provider who is responsible for shot design, loading, stemming, and initiation. The explosive provider has proposed a unique bulk emulsion technology called Site Mixed Emulsion (SME) where emulsion is mixed on a SME truck thereby eliminating the need to build a dedicated emulsion plant;

 

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nonetheless, a dedicated, but much smaller, SME facility is built and operated at the site by the explosive provider.

The specially designed SME trucks are mobile factories and the emulsion is manufactured on the bench and delivered directly into the borehole. The truck contains only ingredients and no explosive exists until it is pumped down the borehole. This results in a safer operation and eliminates the need to store finished product at the manufacturing facility.

At Côté, the SME trucks will deliver a bulk emulsion product down the borehole that has a density of 1.2 g/cm3. Blasting quantities were estimated based on the 1.2 g/cm3 explosive density and the blast design criteria provided in Table 16-6.

Table 16-6: Blasting Design Input

 

Description

   Drill Type    Material
Type
   Rock
UCS
     Rock
Density
     Bench
Height
(m)
     Powder
Factor
(kg/t)
 
         (MPa)      (t/m3)        

12m Bench - Waste

   PV271    Waste      160        2.7        12        0.25  

12m Bench - Ore

   PV271    Ore      160        2.7        12        0.30  

Based on benchmarking, a powder factor of 0.30 kg/t is used for ore, and a powder factor of 0.25 kg/t is used for waste. The overburden material, consisting of peat and glacial till that overlies the deposit, is not blasted. Instead, it is free-dug.

Summary blast designs are shown in Table 16-7.

Table 16-7: Blast Designs

 

Material

   Bench
Height
(m)
     Powder
Factor
(kg/t)
     Bit
Size
(mm)
     Burden
(m)
     Spacing
(m)
     Stemming
(m)
     Sub Drill (m)  

Waste

     12        0.25        251        7.3        8.4        5.8        2.2  

Ore

     12        0.30        251        6.7        7.8        5.4        2.0  

 

16.7.2

Drilling

Throughout the Project life, drilling is required for both ore control and blasting. Rock fragmentation achieved through blasting is the overriding design criteria for the drill hole pattern design. The drill pattern design from Section 16.7.1 along with the drill penetration rates described below are used to estimate drilling requirements.

Drill penetration is a function of bit size, bit load, drilling method, and rock strength properties. Amec Foster Wheeler relied on Golder’s 2015 FS Pit Design report for rock strength properties. Golder completed uniaxial compressive testing on Côté’s primary rock

 

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types and noted if the failure was through intact rock (intact) or through a combination of intact rock and healed fractures (combined). The results of the uniaxial compressive tests are shown in Table 16-8.

Table 16-8: Rock Type Weight and UCS

 

Rock Type

        Combined      UCS Intact  
      (MPa)      (MPa)  

Tonalite

   Average      109        208  

Diorite

   Average      127        179  

Tonalite Breccia

   Average      167        167  

Diorite Breccia

   Average      167        167  

Because Golder notes that the rock mass has very similar physical properties, an average combined UCS value of 160 MPa was used to estimate drill penetration rates. For comparative purposes, the typical UCS range for igneous rocks is between 100 to 250 MPa, so the Côté rock is well within range.

According to the Workman Calder Rock classification, the Côté rock is rated as Hard with a Rock Penetration Factor (RFI) of 80.

The total drilling cycle time accounts for drilling time, tramming time between holes, setup time, and sampling time. Because the PV271 can drill to a 16.8 m depth, no time is required for drill steel addition. The average penetration rate shown in Table 16-9 also assumes 75% productive utilization, or 45 minutes out of 60 minutes that the drill is in the drilling cycle.

Table 16-9: PV271 Drill Penetration Rates

 

Material Type

   Inst. Pen.
rate m/h
     Tram
Time
min
     Setup
Time
min
     Sampling
Time min
     Total
Cycle
min
     Average
Pen Rate1
(m/h)
 

Ore

     29        2.25        1        0.75        33.3        19.2  

Waste

     29        2.25        1        0.75        33.0        19.1  

 

1 

Assumes 75% efficiency

Table 16-10 shows the drill requirements, the metres drilled, the hours operated, and the average penetration rate by period. By the end of preproduction, mining requires four large production drills. One drill is added each quarter during Year -1 of preproduction, until the peak number of drills, four, is reached during the fourth quarter of Year -1. Metres drilled include a 5% allowance for additional trim drilling and re-drills. Penetration rates average

 

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19.2 over the life-of-mine (LOM). As a point of reference, the drill supplier estimate drill requirements to peak at 3 drills.

Table 16-10: Drill Requirements and Performance

 

     Drills
Required
     Meters
Drilled
     Operating
Hours
     Avg. Pen
Rate
 

Period

   #      (m)      (h)      (m/h)  

PP -2

     —          —        —          —    

PP -1

     3        238,366        12,455        19.1  

Yr1

     4        463,969        24,247        19.1  

Yr2

     4        469,680        24,548        19.1  

Yr3

     4        455,699        23,819        19.1  

Yr4

     4        464,668        24,284        19.1  

Yr5

     4        464,648        24,282        19.1  

Yr6

     4        445,352        23,271        19.1  

Yr7

     4        408,787        21,363        19.1  

Yr8

     4        368,938        19,280        19.1  

Yr9

     4        381,305        19,926        19.1  

Yr10

     3        353,496        18,472        19.1  

Yr11

     3        359,156        18,769        19.1  

Yr12

     3        374,963        19,055        19.7  

Yr13

     2        183,300        9,583        19.1  

Yr14

     2        124,250        6,498        19.1  

Yr15

     1        119,404        6,246        19.1  

Yr16

     1        103,214        5,399        19.1  
     

 

 

    

 

 

    

 

 

 

Total

        5,779,196        301,497        19.2  
     

 

 

    

 

 

    

 

 

 

In addition to the production drills, one top head hammer (THH) drill with a 5 inch (127 mm) bit is used for pre-split drilling. The THH can also be used for pioneer mining/bench development and road construction.

 

16.7.3

Loading

From the total cost of operation (TCO) analysis, the primary loading unit selected is a CAT 6060 electric/hydraulic (6060E) shovel (Amec Foster Wheeler, 2017). To assist the CAT 6060E shovel, one CAT 994K high lift front end loader (FEL) is scheduled throughout the mine life. The loader’s primary function is to supplement the shovel production on an as-needed basis, to dig shovel drop cuts, to load out the bench crest berm, and to maintain mine production when a hydraulic shovel is down for maintenance. The CAT 994K FEL is also used for stockpile rehandle, most of which is scheduled towards the end of mining.

The CAT 6060E shovel four-pass loads the CAT 793F truck in approximately two minutes and five seconds. The peak productivity scheduled for the hydraulic shovels occurs in

 

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Years 1 to 6, when two hydraulic shovels are scheduled at 3,812 tdry/GOH. Peak hydraulic shovel requirements are estimated at two.

One CAT 994K is scheduled throughout the LOM.

In addition to the primary loading units, during preproduction, a CAT 385 excavator is paired with CAT 740 trucks to mine approximately 8.8 Mt of overburden and bedrock. The CAT 385 excavator mines overburden throughout the mine life, but at a lesser extent. Following preproduction, the CAT 385 is also used to: maintain haul roads, scale the pit walls as needed, and excavate dewatering sumps.

 

16.7.4

Hauling

From the TCO analysis, the primary hauling unit selected is a CAT 793F mechanical drive truck. It has a payload capacity of 226 t wet, assuming a standard body with a full set of liners. The dry capacity is estimated at 215 t, assuming 5% moisture and carry back.

Amec Foster Wheeler estimated truck requirements for the CAT 793F truck on a period by period basis, using travel distances from a road network developed within Minesight®. Haul segment distances were reported for each material type from their location on a mining bench to their final destination. Assuming 3% rolling resistance for haul roads, travel speeds were estimated from the manufacture’s performance curves, and applied to each haul segment to estimate travel time, with adjustments made to better reflect actual speeds in an operating environment.

The adjusted speeds and fuel burns by haul grade were used in estimating truck requirements, and in estimating diesel fuel usage.

To check data quality, the adjusted fuel consumption per km traveled is charted against haul grades for both loaded and empty hauls. Both the loaded and empty curves result in smooth parabolic lines, indicating that there are no errors or biases in the fuel inputs.

Truck requirements by period are shown in Table 16-11, together with the average one-way haul distance, average fuel consumption, and average truck productivity. Truck requirements during preproduction start at nine and ramp up to 19 by Year 1. During preproduction, the average one-way haul is 4.2 km. Truck requirements continue to ramp up with mine production and haul distances until they reach a peak of 27 in Year 6.

 

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Table 16-11: Truck Requirements & Productivity Statistics

 

Period

   Trucks Required
#
     Average one-way
Haul Distance
(m)
     Average
Fuel Burn
l/GOH
     Average
Truck
Production
t/GOH
 

PP -2

     —          —          —          —    

PP -1

     9        4,167        134        507  

Yr1

     19        4,160        144        490  

Yr2

     23        4,826        154        420  

Yr3

     24        5,394        161        369  

Yr4

     24        5,404        159        381  

Yr5

     25        5,557        161        370  

Yr6

     27        5,662        163        354  

Yr7

     27        6,248        171        313  

Yr8

     24        5,878        169        314  

Yr9

     24        5,973        169        321  

Yr10

     27        5,869        170        279  

Yr11

     27        6,260        176        270  

Yr12

     27        6,883        182        275  

Yr13

     15        6,616        184        251  

Yr14

     10        6,034        183        263  

Yr15

     10        6,297        186        229  

Yr16

     9        6,183        187        231  

Yr17

     3        1,856        107        560  
     

 

 

    

 

 

    

 

 

 

Total

        5,729        167        336  
     

 

 

    

 

 

    

 

 

 

 

16.7.5

Support

Support equipment includes excavators, track dozers, rubber-tired dozers (RTDs), sand trucks, graders, fuel/lube trucks, and water trucks. The major tasks for the support equipment include:

 

 

 

Bench and road maintenance

 

 

 

Shovel support/clean-up

 

 

 

Blasting support/clean-up

 

 

 

MRA maintenance

 

 

 

Stockpile construction/maintenance

 

 

 

Road building/maintenance

 

 

 

Pioneering and clearing work

 

 

 

Field equipment servicing.

A description of the support equipment fleet follows:

 

 

 

35 tonne Excavator (CAT 330) – One CAT 330 excavator is scheduled throughout

 

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the mine life. Its primary functions are to support dewatering, maintain pit drainage, break rocks utilizing the rock breaker attachment, and backup the larger CAT 385 excavator.

 

 

 

443 kW track dozers (CAT D10) are estimated at 0.5 dozers per production blast hole drill and production loading unit. The CAT D10 dozer fleet peaks at 4 machines in Year 1. Their primary functions are to maintain pit floors, maintain dumps and stockpiles, build pit roads, and clean final pit walls. Due to limited mobility, the 71 t dozers are transported between working areas using a 160 t capacity low-bed transport. The low-bed is also used to transport the 84 t drills and the 85 t CAT 385 excavator.

 

 

 

419 kW rubber-tired dozer (CAT 834K) requirements are estimated at approximately one RTD per hydraulic shovel. Their primary function is to maintain shovel floors, move cable and cable towers, provide drill pattern clean-up, clear rock spillage, and provide backup dump and stockpile maintenance. At peak, two CAT 834Ks support two CAT 6060 shovels and associated mining areas.

 

 

 

CAT 740 Sand Trucks – During preproduction, seven CAT 740 trucks are required for overburden bedrock removal. Following preproduction, overburden removal requirements drop significantly, allowing for the conversion of all but two of the CAT 740 trucks to alternate uses. Two of the CAT 740 trucks are fitted with sanders and used to support winter operations throughout the LOM.

 

 

 

221 kW motor graders (CAT 16M) are estimated at approximately one grader per 8 trucks. Their primary function is to maintain roads, dump areas, and pit areas. The peak 16M grader fleet of four graders supports a fleet of 27 CAT 793 trucks and two CAT 740 trucks.

 

 

 

Following preproduction, three of the CAT 740 trucks are converted to 36,000 l (8,000 gallons) water trucks. The water trucks are matched with the truck fleet at a ratio of one water truck per 10 haul trucks. During the winter season, from October to April, water trucks are lightly scheduled. They are primarily used for watering the drills and for fire patrol; nonetheless, even during the winter season roads become dusty. During May to September, when dust suppression requirements are at their highest, the water trucks are fully scheduled. At peak, the mine operates three water trucks.

 

 

 

Two CAT 740 fuel/lube trucks are purchased in Year 1. They are used to fuel and service shovels and other tracked equipment.

 

 

 

Of the initial seven CAT 740 articulated trucks in service during preproduction, two are maintained for pit cleanup and overburden removal throughout the LOM.

Support equipment requirements are shown in Table 16-12.

 

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Table 16-12: Support Equipment

 

Period

   CAT 330
Excavator
     CAT
D10
Dozer
     CAT
834
RTD
     CAT
740
Sand
Truck
     CAT 16
Grader
     CAT
740
Water
Truck
     CAT
740
Fuel/
Lube
Truck
     CAT
740
Haul
Truck
 

PP -2

     1        1        —          —          1           —          7  

PP -1

     1        3        2        —          2        1        —          6  

Yr1

     1        4        2        2        3        3        2        2  

Yr2

     1        4        2        2        3        3        2        2  

Yr3

     1        4        2        2        3        3        2        2  

Yr4

     1        4        2        2        3        3        2        2  

Yr5

     1        4        2        2        3        3        2        2  

Yr6

     1        4        2        2        4        3        2        2  

Yr7

     1        4        2        2        4        3        2        2  

Yr8

     1        4        2        2        3        3        2        2  

Yr9

     1        4        2        2        3        3        2        2  

Yr10

     1        3        2        2        4        3        2        2  

Yr11

     1        3        2        2        4        3        2        2  

Yr12

     1        3        2        2        4        3        2        2  

Yr13

     1        2        1        1        2        2        1        1  

Yr14

     1        2        1        1        2        2        1        1  

Yr15

     1        2        1        1        2        2        1        1  

Yr16

     1        2        1        1        2        2        1        1  

Yr17

     —          1        —          1        1        1        —          —    

 

16.7.6

Auxiliary

To support mine maintenance and mine operation activities, a fleet of auxiliary equipment is required. The types and numbers of auxiliary equipment are listed in Table 16-13 in five year increments.

Table 16-13: Auxiliary Equipment

 

Equipment

   Year 1      Year 5      Year 10      Year 15  

Mine Maintenance

           

Truck Mounted 40 t Crane

     1        1        1        1  

80t Rough Terrain Crane

     1        1        1        1  

5t Rough Terrain Forklift

     1        2        2        1  

10t Forklift

     1        2        2        1  

Mechanic Service Truck

     3        3        3        2  

Small Fuel/Lube truck

     1        1        1        1  

CAT 262 Skid Steer

     1        1        1        1  

Flatbed Truck

     2        2        2        1  

CAT TL1055 Telehandler

     1        1        1        1  

Mine Operations

           

CAT 450E backhoe/loader

     1        1        1        1  

CAT H180DS hydr hammer/impactor

     1        1        1        1  

 

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160t Lowboy

     1        1        1        1  

Compactor

     1        1        1        1  

Light Plant

     11        11        9        5  

4,000 gallon Water Truck

     1        1        1        1  

Small dump truck

     2        2        2        2  

3/4 ton Pickup

     13        13        13        8  

1 ton Pickup

     7        8        8        4  

Crew Bus

     5        5        5        4  

MineStar

     1        1        1        1  

Mine & Geology Software

     1        1        1        1  

Pumps

     2        5        7        8  

Cable Reeler

     1        1        1        1  

 

16.8

Open Pit Water Management

Dewatering is accomplished via inpit pumping for both ground water inflows, and inflows from precipitation and runoff. Amec Foster Wheeler relied on estimates for ground water inflows and inflows from precipitation and runoff made by Golder in their 2015 FS Pit Slope Design report (Golder Associates, 2015). Table 16-14 summarizes Golder’s pit inflow estimates.

Table 16-14: Pit Inflows

 

     Groundwater Inflow      Precipitation and Runoff                       
     Base      Average      Estimated Total Inflows  

Year

   m3/day      m3/day      m3/day      l/min      gal/min  

PP-Yr3

     170        4765        4935        3,427        905  

Yr4

     270        4765        5035        3,497        924  

Yr5

     330        4765        5095        3,538        935  

Yr6

     580        4765        5345        3,712        981  

Yr7

     680        4765        5445        3,781        999  

Yr8

     790        4765        5555        3,858        1,019  

Yr9

     810        4765        5575        3,872        1,023  

Yr10

     860        4765        5625        3,906        1,032  

Yr11

     880        4765        5645        3,920        1,036  

Yr12

     890        4765        5655        3,927        1,037  

Yr13

     940        4765        5705        3,962        1,047  

Yr14

     950        4765        5715        3,969        1,048  

Yr15

     960        4765        5725        3,976        1,050  

Yr16

     1010        4765        5775        4,010        1,059  

1,200 gal/min submersible electric pumps located in a pit sump and at pump stations spaced every 60 m vertically above the pit sump are used to remove water from the pit.

 

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16.9

Geotechnical Review

Amec Foster Wheeler carried out a review of the geotechical report authored by Golder Associates (2015), which was provided as the basis to support the present PFS study mine design. This report includes hydrogeological modelling and dewatering options, as well as the assessment of the overall pit slope stability.

Amec Foster Wheeler concurs with the recommendations provided by Golder for the open pit mine design at the PFS level. However, additional design verification work will be needed to advance the project to the Feasibility Level.

 

16.10

Suitability of Resource Estimate to Support Mine Plan

Amec Foster Wheeler reviewed data collection and verification, geological interpretation, and mineral resource estimation procedures supporting the Côté Mineral Resource estimate. The review was completed as part of the mining Qualified Person’s data verification of the inputs to the mineral reserve estimation and as an assessment of the mineral resource model’s suitability to support the mine plan and mineral reserves as proposed in the prefeasibility study.

Our review of the resource model involved the following:

 

 

 

Mining dilution/selectivity check to assess the amount of in-situ dilution in the mineral resource estimate and how close it is to the anticipated planned mining dilution.

 

 

 

Mineral Resource classification confidence via a drill hole spacing study; this is a study of the confidence on the estimated metal content versus drill hole spacing.

 

 

 

Uncertainty and grade control selectivity via a geostatistical conditional simulation within a well drilled area.

Amec Foster Wheeler concludes that it is reasonable to rely on the mineral resource block model for use in the mine plan proposed in the PFS. Amec Foster Wheeler observes the following:

Database Quality

 

 

 

No material database issues are identified.

Geological Controls on Mineralization and Geological Model

 

 

 

The controls on gold mineralization are not thoroughly understood. It is evident that material logged as breccia hosts gold mineralization, but logged breccia is not a definitive control.

 

 

 

The breccia wireframes currently used for constraining grade estimation are not robust. The wireframes were prepared to constrain magmatic and hydrothermal breccia hosting gold grades greater than 0.3 g/t Au. The wireframes host brecciated

 

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and non-brecciated material and some mineralization grading < 0.3 g/t Au. The majority of core within the mineralized wireframes is logged as tonalite.

 

 

 

Revisions between the 2015 and 2016 mineralization wireframes resulted in significant local changes in the shape of the wireframes and increased the amount of estimated blocks classified as Indicated Mineral Resources compared to the previous model. These revisions occurred in response to observations made by Amec Foster Wheeler about Mineral Resource classification domains in the 2015 model.

 

 

 

The current geological model is suitable for the PFS, but the lack of a clear understanding of the geological controls on mineralization remains a risk to the project. If the geological controls are better understood, it may be possible to better segregate high- and low-grade materials. This would represent an opportunity to the project.

Estimation Methodology and Validation

 

 

 

Grade capping is considered reasonable.

 

 

 

The 6 m length compositing after capping is considered reasonable.

 

 

 

The 6 m composite exploratory data analysis is considered reasonable.

 

 

 

ID3 interpolation was used to mitigate the lack of robustness of the wireframed breccia domains. Using ID3 interpolation to mitigate possible grade smearing from higher to lower grade areas due to lack of mineralization control understanding is considered reasonable.

 

 

 

No significant issues were identified in the block model through visual and statistical validation.

Mining Dilution/Selectivity

 

 

 

The current 15 x 15 x 12 m SMU size is considered reasonable.

 

 

 

Planned Mining (in-situ) dilution assessment is uncertain due to incomplete mineralization control understanding and uncertain variography. Selectivity checks indicate that the ID3 model could be too selective relative to the proposed mine plan in the breccia domains, resulting in slight over-estimation of the grade and under-estimation of the tonnes at the 0.3 g/t Au cut-off grade. This was compensated by including additional mining dilution when defining the PFS Mineral Reserves.

Classification Confidence

 

 

 

The Indicated Mineral Resource classification is considered reasonable where the grade is high and continuous, but the classification may be optimistic in the lower-grade discontinuous areas.

 

 

 

For an Indicated Mineral Resource, guidance is that the drill hole spacing should be sufficient to predict tonnage, grade and metal on annual production with a confidence interval of ±15 % relative precision at the 90 % confidence level (90% CI). A drill hole

 

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spacing study indicates that a drill hole spacing of 50x50 m is sufficient to support Indicated classification in the breccia domains, based on relative confidence intervals computed for metal production above the 0.3 g/t and 0.7 g/t Au cut-off grades. Relative confidence intervals for metal production between grade thresholds (such as multiple stockpiles) could be larger due to lower tonnages. Tighter confidence intervals can be achieved with tighter drilling.

 

 

 

A conditional simulation within the well drilled area confirms the drill hole spacing study results.

Grade Control Selectivity

 

 

 

A conditional geostatistical 15 x 15 x 12 m SMU grade simulation was completed within a 25 x 25 m drilled area extending 200 x 200 m laterally and 200 m vertically from the surface. Within this area, the simulation and the PFS diluted mineral resource model are in good agreement with: very similar grade tonnage curves; good agreement for tonnes and grade for high-grade ore (³ 0.85 g/t Au) and 0.3 - 0.5 g/t Au stockpile; good agreement for tonnes and grade for waste (< 0.3 g/t) and 0.5 - 0.7 g/t Au stockpile. The 0.7 - 0.85 g/t Au stockpile appears difficult to segregate and predict.

In addition to RPA’s recommendations for the Mineral Resources, Amec Foster Wheeler recommends:

 

 

 

Continued investigation into the various breccia and alteration types and gold mineralization. Before initiating these studies a careful review of logged lithology and alteration should be completed. Metallurgical sampling may also provide guidance on how the individual alteration observations can be grouped into assemblages. Lithology and alteration logging accuracy and consistency should be confirmed by visual re-logging and spectral logging. Simulations or implicit modeling of multi-element ICP data may assist in the identification of alteration domains and structural controls.

 

 

 

Completing a simulation on a much bigger area once domaining is improved (e.g. an area covering the first five years of production or more); applying diglines on simulated results that reflect reasonably well anticipated digging practice; and using the simulated “ground truth”, the long-term estimated resource model, and the simulated grade control models and diglines to anticipate reconciliation factors. Amec Foster Wheeler also recommends completing an optimum SMU study by re-blocking the simulation to various SMU sizes and assessing the different SMU size impact on both recovered tonnes and grade above an economical cut-off grade and associated mining costs.

 

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17.0

RECOVERY METHODS

 

17.1

Summary

Testing of samples from the Côté Lake deposit has indicated that the majority of the material is very competent and resistant to SAG milling. A typical SAG mill configuration, even with high ball loads, would be unable to process this material in an energy-efficient manner. The alternatives are pre-crushing with SAG milling, or the use of HPGR technology.

Pre-crushing, while a common industry practice, is usually implemented as a response to challenges caused by impact resistance of ore materials. It poses issues with respect to availability, maintenance/operating costs, and responsiveness to ore changes. In contrast, HPGR circuits typically have lower energy costs, predictable throughput and high availability, although at higher maintenance costs. Examples of HPGR circuits include Boddington, Cerro Verde, Morenci and diamond projects in Canada.

For the Côté Gold project, reduced grinding media and SAG mill liner wear will be as significant as savings in energy consumption. An HPGR circuit will have better availability than a SAG mill, since maintenance actions are less frequent and more controlled.

Subsequent to the issue of the PEA-level report, HPGR pilot testing was performed to confirm the advantages over the SAG milling configuration and further process definition.

The process circuits will include primary crushing, secondary crushing, HPGR, ball milling, gravity concentration and cyanide leaching, followed by gold recovery by CIP, stripping and electrowinning (EW). Tailings handling will incorporate cyanide destruction and tailings thickening.

Plant throughput will be 32,000 tpd at a plant availability of 94%. It is expected that a ramp-up period of three to four months will be required to reach the design throughput.

In the next study stage, it will be imperative to acquire sufficient material for further HPGR variability work to test responses to different ore characteristics.

 

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17.2

Process Design Criteria

The process design criteria were developed from:

 

 

 

SGS, Investigation into the Recovery of Gold from the Côté Lake Deposit, Project 12589-001 – Final, July 12, 2011

 

 

 

JKTech Pty Ltd., 2012: SMC Test Report on Thirty Samples from Côté Lake Project, Job No. 12007/P42; July 2012

 

 

 

SGS, Geometallurgical Investigation of the Côté Lake Deposit, Project CALR-12589-002 – Final Report, August 31th, 2012

 

 

 

SGS, The Grindability Characteristics of Samples from the Côté Lake Deposit, Project CALR-12589-003 – Report 1, Augusts 26, 2013

 

 

 

SGS, Investigation of Gold Recovery from Côté Gold Project Samples, Project 12589 003 – Report 2, August 3, 2013

 

 

 

JKTech Pty Ltd, SMC Test Report on Thirty Samples from Côté Lake Project, Job No. 13007/P50, March 2014

 

 

 

SGS, The Grindability Characteristics of Samples from the Côté Lake Deposit, Project CALR-12589-004, July 7, 2014

 

 

 

COREM, 2017. Comminution Testwork Program for Iamgold, Technical Note T2127; May 26, 2017

 

 

 

UBC, Piston Press Study to Assess Ore Variability for HPGR Comminution for the Côté Gold Project. University of British Columbia Project No. UBC_CL17, May 2017

 

 

 

AMINPRO, Third Party Review Of Comminution Circuit Design. 2017 (P2017-0014)

 

 

 

SGS, Solid-Liquid Separation & Rheology, Project 16095-001. Final Report, May 31, 2017

 

 

 

Amec Foster Wheeler’s crushing and grinding calculations

 

 

 

Modelling by equipment suppliers

 

 

 

Gold grade values from the mine plan

 

 

 

Material characteristics from testwork on drill core

 

 

 

Recovery estimates from variability testwork.

The plant process design criteria are listed in Table 17-1.

 

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Table 17-1: Process Design Criteria

 

    

Parameter

   Units    Value       

Plant

Feed

Rate

  

Shifts / Day

      2   
  

Hours / Shift

   Hr    12   
  

Hours / Day

   Hr    24   
  

Days / Year

   Days    365   
  

Crusher Utilization

   %    70   
  

Process Plant Availability

   %    94   
  

Annual Processing Rate

   M tpy, dry    11   
  

Daily Processing Rate

   tpd, dry    32,000   
  

Hourly Processing Rate, Nominal

   tph, dry    1,418   

Mill

Feed

Properties

  

Specific Gravity

      2.7   
  

ROM Bulk Density, Unpacked

   t/m3    1.6   
  

Moisture Content

   %, w/w    3   
              

Nominal

(50th percentile)

  

Design

(80th percentile)

 
  

Abrasion Index

      0.55      0.7  
  

Crusher Work Index

   kWh/t    11.74      13.04  
  

Bond Ball Mill Work Index

   kWh/t    15.89      16.78  
  

Bond Rod Mill Work Index

   kWh/t    17.34      18.24  
  

Drop-Weight Index

   kWh/m3    10.4      11  
  

Mia (coarse particle component)

   kWh/t    27.7      28.9  
  

Mih (HPGR component)

   kWh/t    22.4      23.6  
  

Mic (crusher component)

   kWh/t    11.6      12.2  

Head

Grades and

Recoveries

  

Head Gold Grade, Average

   g/t Au    0.94   
  

Head Silver Grade, Average

   g/t Ag    <0.3   
  

Au Recovery by Gravity

   %    23   
  

Intensive Leach Recovery

   %    99   
  

Leach Recovery

   %    90.9   
  

CIP Recovery

   %    99   
  

Desorption, Regeneration
& Refining Recovery

   %    99.5   
  

Overall Au Recovery

   %    91.8   

 

17.3

Process Plant Overview

The process plant will consist of a primary (gyratory) crusher, secondary crushing circuit, coarse ore stockpile (COS), tertiary HPGR crusher, ball mill , pre-leach thickening, whole

 

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ore cyanide leaching, CIP recovery of precious metals from solution, elution of precious metals from carbon, and recovery of precious metals by EW followed by smelting to doré. The plant will have facilities for carbon regeneration, tailings thickening and cyanide destruction. The overall process flow diagram is shown in Figure 17-1.

The major design considerations in the plant layout were maintaining a single grinding line with gravity concentrators while minimizing pumping and piping requirements, and arranging the facilities efficiently considering the physical footprint limitations imposed by site geography.

Run-of-mine mill feed will be transported by 220t haul trucks to the gyratory crusher, where each truck will dump into the apron feeder system which feeds the gyratory crusher. The crushed material from the crusher will be discharged onto an apron feeder. This apron feeder will discharge onto the gyratory crusher discharge conveyor, which fills a secondary crusher screen feed silo. The contents of the silo will be fed to a set of secondary crusher screens by belt feeder; oversize (O/S) material from this screen will be sent to the secondary crusher and then routed back onto the gyratory crusher discharge conveyor; undersize material will be conveyed to the Coarse Ore Stockpile (COS) by the stockpile feed conveyor. The secondary crusher screen will also have the means to divert oversized material to a smaller emergency secondary screen O/S stockpile, to provide relief to the secondary crusher as needed.

Conveyors will have variable speed drives to facilitate process control and reduce the required size of the storage bins. Magnets and metal detectors on conveyors will protect them from damage by trash metal. Weigh scales on various conveyors throughout the crushing circuits will monitor crusher metallurgical performance and production.

Reclaimed crushed material from the COS will be conveyed to the HPGR along a belt outfitted with a scale to track tonnage. The HPGR circuit will have two screens to control grind size; oversize material will be recycled back to the HPGR feed belt. The first O/S recycle conveyor will have belt magnets and a metal detector to protect the HPGR from trash metal, as well as a belt scale to monitor recycled tonnage. Appropriately sized material will serve as cyclone feed within the ball mill circuit.

Underflow leaving the ball mill cyclones can go in one of two circuits. If low-grade mill feed is being processed, it can be sent directly to the ball mill, which operates in a closed circuit with the cyclone cluster to produce a product size of 80% passing 100 µm. Lime is fed into the ball mill as needed.

A 15% split of the cyclone underflow stream will be directed to the gravity circuit, distributed between two gravity concentrator screens, followed by a dedicated gravity concentrator assigned to each screen. Fluidization water and screen wash water, together with gravity concentrator tailings, will be collected in a launder and sent back to the cyclone feed pumpbox. Gravity concentrate will be collected in the storage hopper of an intensive cyanidation reactor. This reactor will be operated periodically to prepare material that

 

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discharges into an intensive cyanidation reactor. Cyanide and leaching aids will be added to the intensive cyanidation solution tank, and the resulting pregnant solution will be pumped to the pregnant solution holding tank.

Sized material from the cyclone overflow will be sent to one of two trash screens. Undersize from these screens will be sent directly to the pre-leach thickener feed tank. O/S will be routed to one of two trash dewatering screens, where the trash will be collected off the surface of the screen into bins. Undersize from the dewatering screens will also be sent to the pre-leach thickener feed tank.

The pre-leach thickener will initiate the gold leaching process. Further lime will be added to maintain pH at 10.5 to 11, to prepare for cyanide leaching. The slurry will be thickened, producing an underflow at 50% solids that will report to the leach circuit. The slurry will be split between two trains of leach tanks to achieve a leach residence time of 29 hours. Discharge from the leach trains will be recombined and sent to a CIP tank train in the carousel arrangement, for gold adsorption.

Loaded carbon from the CIP tanks will be pumped to the pressure elution circuit with two 10 t stripping vessels. Once gold has been desorbed, the carbon will be sent for regeneration in a 0.5 tph electric kiln. Quenching and screening will prepare the reactivated carbon for reintroduction into the CIP circuit.

Gold eluate, meanwhile, along with intensive cyanidation eluate, will be sent to EW cells to produce a gold-silver precipitate sludge. Loaded cathodes will be pressure-washed in place to produce a sludge containing the precious metals. The sludge will be filtered, dried, and then mixed with fluxes and smelted onsite to produce gold-silver bars.

Slurry discharged from the CIP tanks will report to two cyanide destruction tanks in series, before being sent to a tailings thickener. The slurry will be thickened to between 60% to 62% solids in the tailings thickener before being sent to the TSF.

The cyanide destruction tank will employ a single-stage SO2/air process. The area includes SO2 generation and storage as well as feed systems for SO2, lime, and copper sulphate.

 

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Figure 17-1: Overall Process Flow Diagram

 

LOGO

 

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17.4

Unit Operations

Unit operations are summarized in Table 17-2.

Table 17-2: Summary of Unit Operations

 

     Unit     Design      Design Input*  

Crushing

          
  

Nominal Throughput

     t/h       1,905        C  
  

Operating Time

     %       70        I  
  

Feed Top Particle Size

     mm       700        C  
  

Product Particle Size, P80

     mm       38        E  

Grinding

          
  

Stockpile Live Capacity

     t       19,275        C  
  

HPGR Feed, F80

     mm       35        C  
  

HPGR product, P80

     mm       3        C  
  

Ball Mill Grind, P80

     µm       100        C  
  

Ball Mill Circulating Load

     %       300        S  
  

Grinding Circuit Availability

     %       94        I  

Leach

          
  

Leach Feed Thickener Unit Area

     m2/tpd       0.012        T  
  

Type Of Circuit

           CIP        A  
  

Residence Time, Leach Tanks

     hr       29        A  
  

Residence Time, CIP Tanks

     hr       1.4        A  
  

Cyanide Consumption

     kg/t       0.1        C  
  

Carbon Concentration

     g/L       55        A  

Elution

          
  

Stripping Method

           Pressure Zadra        N  
  

Number Of Carbon Strip Vessels

           2        A  
  

Carbon Strip Vessel Capacity

     t       10        A  

Carbon

          

Regeneration

  

Type

           Indirect        N  
  

Method Of Heating

           Electric        N  
  

No. of Kilns

           1        A  
  

Rate

     kg/hr       500        A  

Cyanide

          

Destruction

  

Number Of Stages

           1     
  

Residence Time

     min       80        E  
  

Oxidant

           SO2/air        A  
  

SO2 Addition

     g/g CNwad       5        T  
  

Residual Cyanide, Total

     mg/L       2        N  
  

Leach Tails Thickener Unit Area

     m2/tpd       0.012        T  

 

*

A = Amec Foster Wheeler database, C = calculated, E = Estimate, I = Industry Standard, N = IAMGOLD, S = Assumed, T = Testwork data TBC = To Be Confirmed

 

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17.4.1

Crushing and Coarse Ore Stockpile

Major comminution equipment parameters are shown in Table 17-3.

The 54-75 primary gyratory crusher will crush at an average rate of 1,905 tph to a P80 of 164 mm. Selection of this crusher was based on volumetric throughput and power requirements.

Primary crusher product will be sized on two double-deck multi-slope vibrating screens, with O/S further crushed by a 1000 hp cone crusher. Secondary crusher product will be sent back to the secondary vibrating screen.

Secondary crusher product will be sent to the HPGR which has a roll diameter of 2.4 m and a width of 1.65 m. HPGR product will be in closed circuit with a double-deck multi-slope wet screen. Screen undersize will feed the ball mill.

With an F80 of 2.4 mm and a P80 of 100 µm, the ball mill is expected to draw 12 kWh/t on average. With a production rate of 1,418 tph, power draw at the pinion will be 17,000 kW. The drive will be a 19 MW dual-pinion drive with variable speed capability.

The dump pocket capacity is 270 t, 1.3 times the size of an average truckload. Normal practice is for trucks to dump only when ore levels in the pocket are low. There is no surge pocket under the crusher as the dual apron feeder system ensures the level of ore within the gyratory crusher is controlled.

The dump pockets will have an agglomerative dust suppression or “fogging” water spray system. The apron feeder discharge chute at the crusher exit will have a baghouse-type dust collector.

Crushed ore will be transferred to the discharge conveyor at an average rate of 1,905 tph. This material is conveyed to a feed bin from which two feeders each present material to individual screens. The coarse ore screen O/S will be sent to the secondary crusher or, when the secondary crusher is not operational, sent to an emergency stockpile. Reclamation from the emergency stockpile will be by a loader feeding onto the secondary crusher feed conveyor.

Coarse ore screen undersize will be conveyed to the covered coarse ore stockpile (COS), which will have a live capacity of 19,275 t or 13.6 hours of nominal process plant operation. Total live and dead storage capacity will be 130,000 t, equivalent to four days of normal operation. With the use of a bulldozer, this will enable the process plant to continue operating for the duration of a complete primary crusher concave/mantle relining.

The COS will be equipped with three reclaim apron feeders, sized so that two per line can deliver the design rate. Apron feeder discharge chutes will be equipped with a baghouse-type dust collector to control dust in the tunnel.

 

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Table 17-3: Major Comminution Equipment Parameters

 

    

Equipment

   Unit    Value
  

Number of units

   #    1

Gyratory Crusher

  

Throughput

   dry tph    1,905
  

Installed motor

   kW    600
  

Product particle size, P80

   mm    164
  

Size

   inches    54” x 75”
  

Number of units

   #    1

Cone Crusher

  

Throughput

   tph    1,674
  

Installed motor

   kW    745
  

Product particle size, P80

   mm    38
  

Number of units

   #    1

HPGR

  

Throughput

   tph    1,418
  

Power draw (Bond)

   kW    4,646
  

Crusher Product, P80

   mm    3
  

Size

   mm Ø x mm W    2,400 x 1,650
  

Number of mills

   #    1

Ball Mill

  

Throughput

   tph    1,418
  

Size

   m (ø x length EGL)    8.53 x 13.41
      ft (ø x length EGL)    28 x 44
  

Installed motor

   MW    19,000
  

Motor / mill

      2
  

Drive type

      Dual Pinion
  

Cyclone O/F, P80

   µm    100

 

17.4.2

HPGR and Ball Mill Circuit

The base-case flowsheet to achieve 32,000 tpd at P80 100 µm is a closed HPGR and ball mill circuit, as shown in Figure 17-2.

 

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Figure 17-2: Grinding Circuit Flowsheet

 

LOGO

The HPGR will have 2,400 mm diameter by 1,650 mm width rolls, and two motors with 3000 kW of power each. It will discharge to pant leg bin, from which feed is evenly split to two double-deck scalping screens with 20 mm and 4 mm apertures to achieve a transfer P80 of 2.4 mm. Oversized material will be recycled back to the HPGR feed, while undersize will be sent to the ball mill circuit.

The ball mill will operate in a closed-circuit configuration with cyclones. Fresh circuit feed will be fed to the cyclone feed pumpbox and pumped to the cyclone cluster. The majority of cyclone underflow is directed to the ball mill. In the event of high grade mill feed or the presence of coarse gold, 15% of the cyclone underflow is directed to gravity concentration and intensive cyanidation circuit for gold recovery. Its tailings are returned to the cyclone feed pumpbox. Cyclone underflow will be ground in a 28’ diameter by 44’ effective grinding length ball mill powered by two 9,500 kW motors via dual pinions. The ball mill will be charged with two ball sizes to improve grinding efficiency. Initial design will be for 3” and 2” balls.

 

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Cyclone overflow is directed to the whole ore leach circuit. The cyclone cluster will be operated to target a P80 of 100 µm.

Specifically an 100 t capacity crane will be installed to handle the HPGR rolls and ball mill motors. In addition, roll transport equipment will be available to facilitate roll change-out. In other areas of the plant, overhead cranes of a lesser size will be installed for general maintenance. A sump pump will be installed for the cleanup of any spills on the basement floor.

In addition to Amec Foster Wheeler performing sizing calculations on the crushing, HPGR and ball milling circuit, a third party reviewer with significant operational experience was brought in to validate the comminution design together with equipment selection, sizing and usage. Equipment sizing was confirmed as being appropriate and advice was provided as to layout, operating costs and overall design. No major issues were identified while some opportunities were identified for layout improvement in the next phase.

 

17.4.3

Gravity Concentration and Intensive Leach

When material from the cyclone underflow is directed to the gravity concentration and intensive leach circuit, it will be first sent to gravity concentrator screens, where particles greater than 2 mm will be removed. Then, the slurry will be sent through gravity concentrators to separate high-density particles to produce a high-grade concentrate. This high-grade concentrate will be discharged by batches every 45 minutes, and stored in the intensive cyanidation storage hopper for further processing. O/S from the screen and fluidization water for the gravity concentrators will be combined with the circuit tailings and sent back to the grinding cyclone feed pumpbox.

The contents of the cyanidation storage hopper will be discharged into the intensive cyanidation reactor, to be leached with a high-cyanide concentration solution. Caustic will be added to maintain the pH between 10.5 and 11, along with a leaching aid to complete the gold dissolution process. Solids from this reactor will be discharged back to the cyclone feed pumpbox, and the pregnant solution, containing dissolved valuable metals, will be forwarded to the pregnant solution holding tank.

 

17.4.4

Whole Ore Leach and CIP

Cyclone overflow will flow by gravity to two trash screens for the removal of organic materials, metal, and other miscellaneous tramp materials. Undersize from the two trash screens will flow by gravity to the pre-leach feed thickener, and O/S sent to dewatering screens. O/S on this set of screens will be diverted to a trash screen bin that is to be emptied periodically, and the trash screen undersize will be sent to the pre-leach thickener feed tank as well.

 

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The pre-leach feed thickener preliminary sizing indicates one 45 m ø high-rate type with an auto-diluting feed well. The feed slurry density of 33% solids will be increased to a target of about 50% solids in the underflow after thickening. The speed of the underflow pumps beneath the thickener will be varied to control the density of the feed to the leach circuit.

Thickener overflow water will be reused as process water in the different mill circuits as required.

The pre-leach thickener underflow stream will be introduced to a leach feed tank, where it will be mixed with cyanide to achieve a concentration of 300 mg/L. The slurry will then be distributed to two leach lines. Each leach line will consist of six tanks in series, each 18 m diameter x 20 m high. Slurry will overflow from one tank to the next as it makes its way through the line.

Once leaching is completed, the slurry from both leach lines will be recombined in the pump cell feed launder, and then pumped to the CIP tanks. Each pump-cell CIP circuit has 400 m3 tanks operating in carousel mode. In this mode of operation, each tank has its own discrete batch of carbon, which spends a definite period of time in the circuit before the entire batch is removed to elution.

 

17.4.5

Stripping Circuit

Slurry containing loaded carbon from the CIP circuit will be pumped to a vibrating carbon recovery screen. Carbon washed from the screen will fall through a chute into an acid wash vessel. The remaining slurry on the recovery screen will flow through the screen deck, to be collected in a screen undersize launder and pumped back to the CIP feed.

Acid washing, followed by pressure Zadra elution, will be applied for the carbon stripping process. After stripping, the barren carbon will be pumped from the strip vessel to a carbon regeneration circuit, consisting of a 1.5 m x 3.0 m vibrating carbon dewatering screen and a regeneration kiln. The screened carbon will be sent to the carbon regeneration kiln, and the undersize to a fines tank. Material from the fines tank will be pumped through a carbon fines filter press, and captured carbon stored in bags. Periodically, the carbon fines will be treated in an off-site smelter to recover credits for residual gold values.

The elution circuit flowsheet is shown in Figure 17-3.

 

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Figure 17-3: Stripping and Electrowinning Circuit Flowsheet

 

LOGO

 

17.4.6

Electrowinning and Refining

Solution will be pumped directly to four 3.5 m3 EW sludging cells, arranged in two lines of two. After EW, the eluate will flow to the barren solution tank and be recycled to elution as part of the carbon stripping process.

Sludge recovered periodically from the EW cells will be mixed with flux in an induction-style unit.

The melted metal will be poured into a series of moulds to produce doré bars, while the slag produced will be poured into slag moulds. After cooling, the slag will be broken up, with the high-grade slag material re-poured to increase recovery, and the low-grade slag recycled to the grinding circuit.

 

17.4.7

Cyanide Destruction

Tailings generated in the CIP circuit will initially be screened through the carbon safety screens to capture any attritioned carbon particles remaining in the discharge slurry. Undersize from the screens will be sent to cyanide destruction.

Cyanide destruction will take place in two tanks in parallel, each 11.5 m diameter x 13.5 m high. The process involves the addition of sulphur dioxide to destroy the cyanide, lime to neutralize the sulphuric acid that is formed as by-product, and copper sulphate, which acts as a catalyst in the reaction.

 

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After cyanide destruction, the slurry will be discharged into a tailings tank, from where the slurry will be routed to the tailings thickening circuit.

 

17.4.8

Tailings Thickening

The tailings thickener preliminary sizing indicates a 55 m diameter high-rate type with an auto-diluting feed well. The feed slurry density of 50% solids will be increased to a target of 60% to 62% solids in the underflow after thickening.

Overflow water from the tailings thickener will be recycled back to the process water tank. Underflow solids are sent to the TSF.

 

17.4.9

Plant Water System

The bulk of the water requirements for the process plant will be met with reclaim water recovered from the thickeners, and the TSF. Air compressor coolers and column heat exchangers will contribute marginally.

Fresh water will be stored for use in a tank, providing fresh water, gland seal water and fire water. Pumps will be installed to forward water to the process building and the truck shop. Some of this water will be treated in a potable water treatment plant and stored in a high potable water tank.

 

17.4.10

Reagent Preparation

The reagent preparation area includes receiving systems and mixing, preparation and metering systems for flocculant, caustic, cyanide, copper sulphate, molten sulphur, anti-scalant, lime and hydrochloric acid. These systems will all be located in a separate reagent building designed for easy access by delivery trucks. The molten sulphur burning facility will be located adjacent to the reagent area next to the cyanide destruction tanks.

Oxygen for the leach circuit will be delivered to site in bulk and managed in stationary storage units. Oxygen piping will run from the pad to the leach circuit.

 

17.4.11

Air Services

Air compressors fitted with intake filters and silencers will feed plant air into a receiver for distribution to different parts of the plant. Some of this air will be fed to a system to prepare the air for use as instrument air.

A dedicated, self-contained air service system will be provided at the gyratory crusher. This will consist of an air compressor with its own service air receiver, air dryer, and instrument air receiver.

 

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Another independent air system will be provided in the reagents area, providing air for the sulphur burner as well as reagent distribution.

Additional dedicated process air compressors will be provided for the WOL and cyanide destruction circuits.

 

17.4.12

Cyanide Management

ISOtainers containing solid or liquid Sodium Cyanide for storage will be offloaded from trucks parked on a bermed concrete pad, and then stored within the reagent storage area.

Bulk cyanide will be dissolved within the ISOtainers, and transferred to a mix tank for further make-down with reclaim water. The solution will then be pumped to a holding tank for distribution to the leach circuit, barren eluate tank and the cyclone feed pumpbox as required. Secondary containment will be implemented in the reagent preparation, leach and CIP areas.

In addition to these containment measures, an emergency spill pond will be adjacent to the processing facilities in the unlikely event of a significant spill.

Transportation, management and storage of cyanide will be consistent with the International Cyanide Management Code.

 

17.5

Production Ramp-up Schedule

The ramp-up period will be highly influenced by design considerations, specially relating to the grinding circuit. Current practice incorporates learnings from HPGR circuits installed in the last decade. HPGR circuits reported ramp-up periods as long as one year, but expansion at other sites achieved nameplate throughput in only three months.

The Côté processing plant can be expected to take three to four months to reach the design throughput of 32,000 tpd. Reliable modelling, a focus on engineering design, and equipment selection will be key in achieving full production in this timeframe.

 

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18.0

PROJECT INFRASTRUCTURE

 

18.1

Summary

The infrastructure required for the Côté Gold Project will include:

 

 

 

watercourse realignment dams and channels,

 

 

 

a New Lake to be created to compensate the loss of Côté Lake,

 

 

 

a tailings management facility (TMF),

 

 

 

storm / mine water, polishing and tailings reclaim ponds,

 

 

 

collection, surplus water discharge, and dispersion systems,

 

 

 

a permanent camp,

 

 

 

an emulsion plant,

 

 

 

site power supply and distribution,

 

 

 

workshop, offices, facilities and other services,

 

 

 

a 12 km, two-lane gravel access road from the nearest highway, and

 

 

 

an upgraded existing transmission line from Timmins to Shining Tree Junction and a new 44 km-long 115 kV electrical power transmission line from Shining Tree Junction to the project site.

The proposed layout of the Côté Gold Project site is shown on Figure 18-1 and the plant site layout on Figure 18-2.

 

18.2

Onsite Infrastructure and Services

 

18.2.1

Site Development and Access

Main access to the administration/process plant complex from the Sultan Industrial Road (located to the south of the facility) will be by a 12 km, two-lane gravel road. For a detailed description of the road network refer to Section 18.3.1.

The plant site is located on TAAC Property East Block (Section 4.3.3.5) on higher ground between Bagsverd Lake and Clam Lake, just northwest from the open pit. This area provides favourable foundation conditions for major mill equipment, while maintaining relatively short haul distances. Despite close proximity to the pit, no occupied facilities are located within a 500 m distance from the rim of the ultimate open pit.

 

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Figure 18-1: Site Layout

 

LOGO

 

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Figure 18-2: Plant Site Layout

 

LOGO

 

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The layout of mill facilities has been optimized to take advantage of topography, and to reduce the earthworks. A major improvement from the previous phase was achieved by mirroring the processing facility layout in order to relocate the coarse ore stockpile to higher ground, thus eliminating an extensive fill that would otherwise be required. This also enabled moving the primary crusher onto higher ground, allowing its base to be founded on bedrock to simplify foundation requirements.

Existing borehole data within the plant site was analyzed in order to set the process plant nominal floor at an optimum elevation, allowing the buildings and major equipment to be founded on bedrock without excessive cuts or fills.

Fresh water to the plant site will be supplied by a 6.6 km long pipeline from Mesomikenda Lake. The line will be 8 inch diameter HDPE pipe, installed overland, heat traced and insulated; it will also be used for initial fill of the tailings management facility. The pipe alignment will share the same corridor with a 115 kV power line to reduce the amount of clearing and earthworks. A 2 km long branch of 4 inch diameter HDPE line, also heat traced and insulated, will supply the permanent camp.

Surface runoff from the plant site will be collected in a storm water / mine water pond located southeast from the primary crusher, in a natural low area to enable a gravity feed and to minimize earthworks. This pond will also receive mine pit drainage. The pond will be lined with a 60 mil HDPE liner, and will be equipped with a subdrain system due to anticipated high groundwater in this area. The pond water will be pumped to the process plant as required, with an option to discharge water to the polishing pond; both lines will be 8 inch diameter HDPE pipes.

In general, utilities at the plant site will be buried for vehicular access, while outside the process plant area they will run at grade on gravel pads, with culvert / casing protection at road crossings as required.

Yard utilities comprise potable water, sanitary sewage, and firemain, complete with yard hydrants and building connections. Due to the presence of bedrock, these lines will have a relatively shallow bury for mechanical protection, and will be heat traced and insulated for frost protection.

Spill containment systems will be provided for the fuel storage facility and the oil-filled transformers in the electrical substation.

The primary crusher truck dump utilizes two approach ramps to minimize the fill at the truck dump pad, and requires a 12.5 m tall MSE (Mechanically Stabilized Earth) wall to access the base of the crusher. The geometry of the MSE wall has been optimized to reduce the face area, thus minimizing the cost.

Aggregate required for site development can be obtained from Trelawney Aggregate Pit #1 located near the Chester 1 site, or from a ridge within the proposed TMF.

 

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18.2.2

Overall Water Management Plan

The overall site water management plan is illustrated schematically in Figure 18-3.

A geotechnical and hydrogeological field work program and a geophysics survey were completed in support of overall water and tailings management plan designs. The field programs were developed and executed at targeted key locations for water and tailings management components to ensure adequate designs and costing. Detailed findings for the 2016 geotechnical and hydrogeological field work and the 2017 geophysics survey are reported under separate covers (Amec Foster Wheeler Environment & Infrastructure, 2017 and Geophysics GPR International, 2017, respectively).

The overall water management plan has been modelled by Golder Associates (Golder, 2017) and was found to be acceptable for the PFS report. A brief description is provided in the following sections.

 

18.2.2.1

Watercourse Realignment Dams and Channels

A watercourse realignment system has been designed to redirect water around the mine facilities to enable excavation and dewatering of the planned open pit. Four realignment dams will be constructed either within existing lakes, in shallow water, or at currently dry locations that will protect water from entering the pit area. Sufficient freeboard has been provided above the lake levels to avoid potential overtopping of the dams under flood conditions. Dam design will depend on the water and ground conditions at each location, and will be in accordance with the Canadian Dam Association Dam Safety Guideline (CDA, 2014) and the Ontario Lakes and Rivers Improvement Act (MNR, 2011).

Two realignment channels will reroute the existing watercourses running into the open pit: one from Clam Lake to Chester Lake flowing south, and the other from the New Lake (built in compensation for the partial elimination of Côté Lake by the pit) to the Upper Three Duck Lake. The channels have been designed to provide fish migration and habitats under both low and high flow conditions. Routing the water to the Upper Three Duck Lakes will maintain fresh-water inflow, and the lakes will remain oxygenated for fish habitat.

Prior to impoundment, the organics materials (topsoil, peat, and muskeg) will be stripped off the inundation limit to eliminate the potential formation of mercury at the New Lake bottom. The stripped materials will be stored in the Topsoil / Overburden Stockpile for reclamation application at closure.

 

18.2.2.2

Storm / Mine Water, Reclaim, and Polishing Ponds and Collection System

A polishing pond downstream of the mill feed stockpile (ore stockpile) will receive water from various sources before it is released to the environment after meeting discharge quality standards. The polishing pond will be controlled with a normal operating level at

 

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El. 380 m, i.e., one metre below the adjoining Upper Three Duck Lakes level at El. 381, which will create a reverse hydraulic gradient, to mitigate migration of contact water to the lake.

 

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Figure 18-3: Overall Site Water Management Plan

 

LOGO

 

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A storm / mine water pond near the process plant will receive pumped inflows from the pit, the polishing pond when required during drought conditions, the ore stockpiles, mine rock area (MRA) and runoff from the process plant site. Pit water is routed to the storm / mine water pond due to the possible presence of ammonia from blasting operations in order to provide additional retention time before directing the water to the polishing pond.

TMF water will be pumped from the reclaim pond directly to the mill for reuse and hence forms a closed circuit without contact with other water bodies. Tailings water from the reclaim pond will be the primary source of mill water, providing the majority of the process plant requirements, whereas the storm / mine water pond will be a secondary source of process water, in a year of average precipitation. The storm / mine water pond will also supply water for dust control across the mine site. A minor amount of fresh water will be required from Mesomikenda Lake for reagent mixing at the process plant.

All ponds, including the tailings reclaim pond, will have emergency spillways to safeguard the dams.

Ditches and pump sumps will be constructed all around the TMF perimeter, either to divert clean runoff away from the dam, or to collect seepage at the dam toes. The ditches will be lined with appropriate erosion control cover, if not in bedrock.

 

18.2.2.3

Discharge

Before discharging any excess water from the polishing pond to the environment, the accumulated water will be retained with sufficient residence time, estimated at approximately 15 days for settling of solids, so that the total suspended solids (TSS), among other parameters, meet the discharge water quality guidelines. Monitoring of water quality will be performed to ensure abatement. Treatment will be implemented if necessary.

A potential discharge location has been selected in the Upper Three Duck Lakes where routed water from the New Lake watercourse realignment channel enters the lake, as shown in Figure 18-3. The discharged water will be diffused via a diffuser incorporated at the outlet and will be mixed further with the channel inflow for further assimilation and blending with the lake water.

 

18.2.3

Tailings Management Facility

 

18.2.3.1

Design Basis

Over the proposed LOM of 17 years, tailings production is approximately 11.7 Mt/a from nominal mill throughput of 32,000 t/d, except in Year 1 when it is only approximately 9.8 Mt because throughput is lower due to ramp-up. This results in total production of

 

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approximately 196 Mt of tailings, as well as approximately 559 Mt of mine (waste) rock. The total TMF capacity includes some allowance for additional tailings.

Tailings storage is affected by construction of perimeter embankment dams, raised in stages. Dams will be constructed out of mine rock with a relatively low permeability HDPE liner on the upstream slopes for the initial two to three years of operation. Water from the tailings pond will be recirculated to the process plant by pumping. Subsequently, the reclaim pond constructed downstream of the TMF footprint will be utilized to collect the TMF water and recirculate to the process plant.

Collection ditches and ponds will be located at topographical low points around the TMF to collect runoff and seepage. In the ultimate TMF configuration there will be seven such collection ponds formed by dams. The ditches and ponds will lead the seepage to the reclaim pond by gravity (or by pumping in some cases) for recirculation to the process plant.

Approximately 90 Mt of mine rock will be used for TMF dam construction over the LOM. The low permeability HDPE liner is necessitated by the lack of low-permeability overburden materials on site.

Based on recent rheology and settling density test results (SGS, 2017), tailings will be thickened with solids concentration in slurry at 60% to 62% and discharged from the dam perimeter, forming an expected overall beach slope of approximately 2%. Solids will be settled in the TMF with some water retained in the voids and anticipated overall in-situ dry densities, ranging from 1.4 initially to 1.6 t/m3 toward the end of mine life as the tailings are consolidated. Most of the supernatant water will report to the reclaim pond, where it will be reclaimed for use as process water.

 

18.2.3.2

TMF Layout and Configuration

Figure 18-4 presents the general design layout of the TMF. A minimum 120m off-set has been provided from the TMF to the surrounding major water bodies in accordance with the mining act. Figure 18-5 shows the progression of Côté TMF development with tailings deposition from: (a) Years 1 and 2 – the initial starter dam with tailings pond within the TMF; (b) Years 3 and 4; (c) Years 9 and 10; and (d) to end of mine life - with the tailings water reclaim pond located downstream of the TMF with only a small settling pond within the TMF.

Tailings will be discharged from the south side initially, and later move to the west and eventually from all three sides on the south, west, and north, to maintain the tailings pond to the east side of the impoundment for easy management during operation and closure.

 

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Figure 18-4: General Design Layout of the Tailings Management Facility

 

LOGO

 

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Figure 18-5: Progression of Côté TMF Development

 

LOGO

 

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Tailings slurry will be pumped to the TMF and spigotted along the dam crest during operations throughout the year. In the winter the discharge locations will not be altered, to avoid buildup of ice on the beach. The TMF will be developed in stages for better water management and water balance and tailings deposited in a manner that optimizes dam raises and water management. The tailings deposition plan will provide flexibility and will facilitate progressive closure in the final years.

Both the tailings and mine rock have been classified as non-potentially acid-generating (NPAG) materials with a low potential for metal leaching. Table 18-1 presents the regulations and guidelines applicable to the design of the TMF and water management dams. As per Ministry of Natural Resources and Forestry (MNRF) guidelines, the dams’ potential hazard classification is “high”, resulting from the risk of potential environmental impact on the surrounding lakes. However, the current design supports a higher classification, i.e., “very high” with the necessary dam safety requirements for this classification “built-in” to the design.

Table 18-1: Regulations and Guidelines

 

Document Title

  

Publisher

  

Abbreviation

National Building Code of Canada, 2010

  

National Research Council of Canada

  

NBCC, 2010

Technical Bulletin: Classification and Inflow Design Flood Criteria, 2011. Lakes and Rivers Improvement Act

  

Ministry of Natural Resources and Forestry (MNRF) of Ontario

  

MNRF, 2011

Technical Bulletin: Application of Dam Safety Guidelines to Mining Dams, 2014

  

Canadian Dam Association

  

CDA, 2014

 

18.2.3.3

TMF Water Management

The criteria for the TMF water management are as follows:

 

 

 

As far as practical, freshwater will be diverted away from the TMF;

 

 

 

The TMF will accumulate approximately 2 Mm3 of water prior to mill start up to ensure enough water for winter operation;

 

 

 

Winter operation is January to March inclusive;

 

 

 

Significant amount of mill make-up water will be provided by reclaim from the TMF in winter;

 

 

 

The TMF is the primary source of mill make-up water with the secondary source being the storm / mine water pond;

 

 

 

The TMF will provide required mill recirculation water under 1:10 year dry conditions, in conjunction with other sources of water supply;

 

 

 

Mitigation plans will be in place to supply enough water if the 1:100 dry year were to occur;

 

 

 

A positive mitigation plan will be in place to collect and intercept potential seepage

 

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from the TMF to the environment;

 

 

 

The TMF will be designed to contain the Environmental Design Flood (EDF) of 1 in 100 year without direct discharge to the environment. An emergency spillway will be provided in the TMF to safely pass the inflow design flood of 1 in 10,000 Years; and

 

 

 

The TMF dams have been designed for seismic events of 1 in 10,000 year annual exceedance probability.

 

18.2.3.4

Dam Fill Materials

Before estimating quantities, Amec Foster Wheeler modelled the required dam elevations in each TMF cell for years 1/2, 3/4, 9/10, and 17 of development. Table 18-2 provides an estimate of material quantities for the TMF construction over the life of the mine.

Table 18-2: Summary of Tailings Management Facility Quantity Estimates

 

Parameter

   Unit   Year  
     Preproduction      1 / 2      3 / 4      9 / 10      17  

Annual Tailings Storage

   t/yr     —          11,680,000        11,680,000        11,680,000        11,075,000  

Cumulative Tailings Storage

   t     —          21,483,000        44,843,000        114,923,000        200,000,000  

Approximate Dam Crest Elevations

   masl     405 to 410        408 to 413        412 to 417        432 to 437        450 to 460  

Annual Dam Volume, ROM Rock (Zone 1)

   m3/yr     971,600        2,307,900        2,307,900        2,307,900        —    

Total Area of HDPE Liner

   m2     150,600        —          —          —          —    

Total Volume of 0.5” Minus Liner Bedding (Zone 4)

   m3     28,200        —          —          —          —    

Annual Volume of 2” Minus Sand & Gravel (Zone 3)

   m3/yr     88,500        52,200        52,200        52,200        —    

Annual Volume of 6” Minus Select Rockfill (Zone 2)

   m3/yr     44,300        27,900        27,900        27,900        —    

 

18.2.3.5

Dam Construction

The dam rockfill will be primarily sourced from the open pit development. ROM mine rock will be hauled to the dam and end-dumped, and compacted. The side slopes will be reshaped and transition and sand bedding materials incorporated to suit HDPE liner installation for the initial years of operation. The use of HDPE liners is due to an insufficient amount of natural low permeability materials available on site. In the subsequent years of operations the dams will be raised with rockfill with upstream slopes provided with transition and filter layers only to allow seepage to filter through the dam to the reclaim pond constructed downstream of the TMF.

Sufficient borrow material sources and quantities have been identified through the initial construction period for all dams on site as well as subsequent TMF dam raises. The dams are expected to have a downstream slope of 2.6H:1V to facilitate closure rehabilitation and ensure long term stability.

 

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18.2.4

Mine Rock Area

A mine rock area (MRA) will be constructed southeast of the open pit to store mine rock from the open pit excavation. The rock piles will be built in 10 m lifts with 12.8 m benches to provide an overall safe slope of 2.6H:1V. The interbench slopes will be at the angle of repose of the rock. In its ultimate configuration, the MRA will store 559 Mt of waste rock with its final crest elevation at approximately an elevation of 520 m.

Collection ditches and four contact water collection ponds/sumps will be built at topographical low points around the MRA perimeter to collect runoff and seepage, which will then be pumped to the polishing pond.

 

18.2.5

Topsoil / Overburden Stockpile

A topsoil and overburden stockpile will be established to contain stripped materials from all excavations for the project development. Sedimentation ponds will be built to settle out solids before release to the environment.

The stockpiled materials will be utilized for rehabilitation applications at closure.

 

18.2.6

Electrical Site Reticulation

 

18.2.6.1

Electrical Load

The predicted electrical demand load is approximately 60 MW at a power factor of 98% or better.

This estimated load is based on the current process-mechanical load, two electric shovels, mine dewatering, ancillary loads, and an allowance for future nominal growth / changes of auxiliary loads over time.

 

18.2.6.2

Main Substation

The incoming transmission line from Shining Tree Junction will terminate at a substation adjacent to the process plant, where incoming voltage will be stepped down from 115 kV to 13.8 kV for site distribution. The main substation will include the following equipment:

 

 

 

incoming dead-end structure,

 

 

 

structures and strain system,

 

 

 

metering transformers,

 

 

 

main incoming circuit breaker,

 

 

 

high voltage isolation switches,

 

 

 

two power transformers (rated such that either one can handle the total site load with fan cooling in the event that either one of the main transformers is out of service),

 

 

 

high voltage circuit breakers and isolation switch for each main power transformer,

 

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standby electrical power generation for plant critical loads,

 

 

 

synchronous condensers,

 

 

 

power factor correction and harmonic filter banks, and

 

 

 

substation electrical room to house the metering, protective relaying and main site distribution switchgear.

The transformer secondaries will be connected to a primary distribution centre (PDC) to distribute power to the site. Feeders from the substation will be run in cable trenches, cable tray or on power lines to the area loads.

 

18.2.6.3

Process Plant and Ancillary Services Power Supply

The 13.8 kV feed from the main substation will supply power to the following equipment in the process plant:

 

 

 

crushing, conveying and HPGR area loads,

 

 

 

grinding area, including the ball mill and all other grinding loads,

 

 

 

leach area,

 

 

 

CIP area,

 

 

 

concentrate / thickening areas,

 

 

 

mine dewatering,

 

 

 

electric shovels, and

 

 

 

tailings, reclaim water, fresh water and ancillary services.

 

18.2.6.4

Site Power Distribution

Power to the mine process and ancillary facilities will be routed using a combination of cable tray, overhead power lines, direct buried or in duct banks.

Equipment utilization voltages will be obtained from step-down transformers. Electrical distribution will include switchgear, transformers, starters and feeder breakers for the motor and non-motor loads in common line-ups. Lighting and small power applications will be fed from transformers and power panels, and will in general be located in the electrical rooms.

Electrical coordination will be completed to minimize power interruption in the event of the operation of the power system protective relays.

Plant equipment utilization voltages are provided in Table 18-3.

Table 18-3: Power Utilization Voltages

 

Plant Equipment

  

Voltages

HPGR & Grinding Mill Motors

  

4.16 kV three-phase high resistance grounded

All drives over 200 HP

  

4.16 kV three-phase high resistance grounded

All drives 0.5 HP – 200 HP

  

600 volt three-phase high resistance grounded

 

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Plant Equipment

  

Voltages

Motors with VFD up to 500 HP

  

600 volt three-phase high resistance ground (maximum HP rating to be determined at time of order)

Motors with VFD over 500 HP

  

4.16 kV three-phase high resistance grounded

Small drives below 0.5 HP

  

120 V one-phase solidly grounded

Electrical heaters over 1.8 kW

  

600 V three-phase high-resistance grounded

Electrical heaters up to 1.8 kW

  

120 V one-phase solidly grounded

Lighting – LED

  

120 V one-phase solidly grounded

Small power & instrumentation

  

120 V one-phase solidly grounded

Heat tracing: Short lengths

  

120 V one-phase or 208 V three-phase solidly grounded

Long lengths

  

347 V / 600 V one- or three-phase solidly grounded

Welding receptacles

  

600 V three-phase high-resistance grounded

 

18.2.6.5

Electrical and Control Rooms

To minimize field installation costs, the electrical rooms will be distributed around the site and located as close as possible to the major electrical loads.

All process electrical and control rooms will be modular units assembled off-site in a factory. The rooms will be installed outdoors on elevated steel structures adjacent to process areas or indoors on elevated structures. The rooms will be self-supporting and designed for road shipment, lifting and transporting to site.

Electrical controls and instrumentation equipment will be installed, wired and completely tested before shipment to site.

 

18.2.6.6

Standby Power

A standby power station is intended to provide power to critical plant loads in event of a utility power failure. At this stage of the project, 4 MW of standby power was estimated, but to be confirmed at the time of order. Similarly, a separate standby power station is to provide power to the camp in the event of utility power failure feeding the camp.

 

18.2.7

Workshops, Offices, Facilities and Services

Workshops, offices, facilities and services will include the following:

 

 

 

gate house,

 

 

 

six-bay heavy and light vehicle truck shop,

 

 

 

truck wash and lube,

 

 

 

emergency vehicle and first-aid center,

 

 

 

warehouse/cold storage,

 

 

 

assay laboratory,

 

 

 

administration office,

 

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fuel storage and dispensing,

 

 

 

process water system,

 

 

 

potable water system,

 

 

 

sanitary system,

 

 

 

water treatment,

 

 

 

fire protection,

 

 

 

waste management and disposal,

 

 

 

auxiliary equipment fleet,

 

 

 

explosive plant and storage areas, and

 

 

 

network of site access roads.

 

18.2.7.1

Permanent Camp

A permanent camp is planned for a 500-person workforce. This building will be modular construction with a kitchen and cafeteria seating 250 people, as well as laundry services, recreational rooms and mine dry.

A high level trade-off study has been conducted for the permanent camp location. In addition to a camp location shown in the PEA report, an alternate location near the Chester 1 site was investigated. This alternate location proved to have some economic advantages in a lower cost for the utilities and shorter travel distance to the mill, while no environmental issues were identified. The permanent camp has therefore been moved to the area near the Chester 1 site.

 

18.3

Offsite Infrastructure and Services

 

18.3.1

Roads

Current access to the property is by a network of logging roads and local bush roads accessed from Highway 144 and from the Sultan Industrial Road, which runs east-west along and below the southern part of the Project area.

Three potential routes for permanent site access were investigated:

 

 

 

Southern route from Sultan Industrial Road (as identified in the PEA).

 

 

 

Eastern route from Highway 144 through a Bailey bridge at Mesomikenda Lake (shorter route).

 

 

 

Southeastern route using existing Chester Mine Road.

Considering the economic, community and environmental aspects, the southern route (Option 1) proved to be the best option. The eastern route (Option 2) is not viable as access through Mesomikenda Lake is not desirable due to a recreational use of this area, while using the existing Chester Mine Road (Option 3) has economic disadvantages. Nevertheless, both of these routes could be used for an emergency access to site.

 

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High resolution ortho photos in combination with a site visit were used to define the best option of using existing roads in conjunction with building new roads. The level of upgrading of the existing roads was determined based on their actual condition / configuration.

The main plant access road requires upgrading a 4.5 km section of an existing road north of Sultan Industrial Road, then construction of a new 6.4 km long road, and again upgrading a 1 km long existing road adjacent to the plant site area.

The existing road from the Sultan Industrial Road currently accesses the future TMF facility, and can be used for initial construction access until the new access road is built. With upgrading a relatively short trail connection (1.2 km) between this road and the plant site, a reasonable construction access directly to the proposed mill area can be achieved.

Primary access to the permanent camp site will be from the new access road as described above, and then via an upgraded 2.2 km long existing road. This road has a single lane 80 ton bridge that will be left in place and appropriate signage will be provided. This road then ties into an adequate road near the Chester 1 site where the camp will be located.

The emulsion plant will be accessed via a new 0.6 km long road built along the alignment of an existing trail that ties to an existing road.

 

18.3.2

Power Supply

During the course of the study Hydro One Networks Inc. examined various options to provide electrical power to the proposed Côté Gold project. The selected option involves the use of the existing approximately 117 km long 115 kV ‘idle’ T2R circuit from Timmins (Timmins TS) to Shinning Tree (Shining Tree Junction). A new transmission line approximately 44 km long is to be built along Highway 560, from Shining Tree Junction to the proposed Côté Gold main substation. A condition assessment of the T2R circuit, conducted by Hydro One, indicated the need to replace the existing 336.4 ACSR conductors to 411 kcmil ACSR, a new skywire, refurbishment / reinforcement of lattice structures, replacement of some pole wood structures, and replacement of damaged insulators and conductor hardware. Some of these tasks will be performed by Hydro One as part of their ongoing five year sustainability plan.

The estimate to refurbish the T2R circuit from Timmins TS to Shining Tree Junction was also provided by Hydro One and includes a new circuit breaker and associated equipment. The study work completed to date by Hydro One supports the use of the T2R circuit, once refurbished, as a viable connection option for the proposed Côté Gold project.

The estimate for the design, procurement and construction of the new transmission line from Shining Tree Junction to the proposed Côté Gold main substation was provided by a local construction firm, including provision to base the design on Hydro One construction standards.

At the time this report was written, the Independent Electricity System Operator (The IESO) was conducting a Technical Feasibility Study (FS) to determine the effect of the Côté Gold

 

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project on the thermal loading and voltage performance of the transmission system, as well as to verify that both the Market Rules and applicable transmission design criteria are met.

The result of the FS and report were not available by the time this report was written. However, technical discussions with the IESO staff during the course of the study, revealed requirements for reactive power compensation to ensure adequate power transfer capability, and voltage support / stability at the terminal of the transmission line at the proposed Côté Gold main substation. The specifics of type, rating, and location of the reactive compensation equipment are not available at this time. Therefore, an allowance was included in the estimate to account for the estimated reactive compensation equipment, tentatively located adjacent to the main Côté Gold substation.

Short circuit assessment will not be provided as part of the IESO Technical Feasibility Study. The short circuit assessment is to be performed in the System Impact Assessment (SIA) time frame, to be conducted by Hydro One on behalf of the IESO. The IESO-FS will include a list of specific issues that require further consideration in a subsequent SIA, including the short circuit assessment.

Due to the length of the transmission line providing electrical power to the project (approximately 160 km), the short circuit level available at the plant is highly important. An adequate short circuit level is essential to ensure the reliable operation of the large grinding mill drive systems. During the course of this study, technical discussions with Hydro One indicated low short circuit capacity at Shining Tree Junction (1.1 kA three-phase short circuit current, 600A single-phase-to-ground fault). In order to support the short circuit levels required for the large mill drives, synchronous condensers integrated into the overall electrical system at the 13.8 kV level were added. Similarly, the single line-to-ground fault level is important for proper design of the grounding system.

 

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19.0

MARKET STUDIES AND CONTRACTS

 

19.1

Market Studies

Gold doré bullion is typically sold through commercial banks and metals traders with sales price obtained from the World Spot or London fixes. These contracts are easily transacted, and standard terms apply. IAMGOLD expects that the terms of any sales contracts would be typical of, and consistent with, standard industry practices, and would be similar to contracts for the supply of gold doré elsewhere in Canada. Limited additional effort is required to develop the doré marketing strategy.

 

19.2

Commodity Price Projections

The PFS assumes a gold price for the Mineral Reserve estimates and the economic analysis of $1,250/oz. The gold price was what Amec Foster Wheeler considers the mining industry consensus using the following sources: bank analysts’ long-term forecasts; historical metal price averages; and prices used in publicly-disclosed comparable studies. Metal prices were kept constant throughout the life of the Project.

There is a practical reason for, and it is common industry practice to use, a higher metal price assumption in the Mineral Resource estimates than what is used in the Mineral Reserve estimates and the economic analysis. In this case, $1,500 per ounce gold was used to calculate the cut-off grade used in the Mineral Resource estimate, $1,200 per ounce was used to calculate the cut-off grade for the Mineral Reserve, and $1250 per ounce was used to model cash flows in the economic analysis.

 

19.3

Contracts

IAMGOLD has received indicative pricing for refining arrangements from the Royal Canadian Mint in Ottawa, Canada. No sales contracts are in place for the Côté Gold Project; however, once gold is credited to the IAMGOLD account at the Royal Canadian Mint (within one to five days of receipt of the doré), sale through the IAMGOLD corporate bank can be made immediately.

Total costs of $1.75/oz gold for refining, transportation and insurance have been used in the cash flow analysis.

 

19.4

Comments

The Amec Foster Wheeler QPs have reviewed the information provided by IAMGOLD on marketing and contracts, and note that the information provided is consistent with that available in the public domain, and that the information can be used in mine plans and financial analysis presented in this Report.

 

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20.0

ENVIRONMENTAL STUDIES, PERMITTING & SOCIAL OR COMMUNITY IMPACT

 

20.1

Summary

Amec Foster Wheeler and other consultants conducted environmental baseline studies on the Côté Gold Project (the Project) to characterize the physical, biological, and human environment. This work applied standard field protocols and scientific methodologies, and addressed the information needs of regulatory agencies for the approval of Ontario mining projects. In addition, baseline studies are being undertaken to infill data to characterize areas covered by the current PFS site configuration. IAMGOLD received provincial ministerial approval of the 2015 Environmental Assessment (EA) for the Project as envisaged at the time, which is not substantially different from the configuration described in this PFS. The EA states that no significant effects are anticipated after the application of the proposed mitigation measures.

The Federal Minister of the Environment also stated in May 2016 that the Project is not likely to cause significant adverse environmental effects.

The Project as presented in this PFS is similar to the previous PEA but differs from that described in the EA (AMEC E&I, 2015). Mine waste and tailings management areas have been relocated to minimize overprinting of fish-bearing waters, and to minimize the requirements for retention dams and watercourse realignments. As such, the proposed changes in the mine plan are not anticipated to warrant changes to the EA decision.

Potential benefits of the Project are expected to include employment and business opportunities, as well as tax revenues at all levels of government.

 

20.2

Environmental Approvals Required for Proposed Operations

 

20.2.1

Environmental Assessment Process

Most mining projects in Canada are reviewed under one or more EA processes whereby design choices, environmental impacts and proposed mitigation measures are compared and reviewed to determine how best to proceed through the environmental approvals and permitting stages. Entities involved in the review process normally include government agencies, municipalities, Aboriginal groups, various interested parties, and the general public.

On 3 May 2013, IAMGOLD entered into a Voluntary Agreement with the Ontario Ministry of the Environment and Climate Change (MOECC) to conduct a Provincial Individual EA for the entire Côté Gold Project, to meet the requirements of the Ontario Environmental Assessment Act. Approval of the provincial EA was received in January 2017.

 

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The Project as presented in this PFS differs only slightly from the project presented in the EA. Mine waste and tailings management areas have been relocated to minimize impacts on fish-bearing waters and to minimize the requirements for retention dams and watercourse realignments. These improvements should not warrant a change in the EA decision.

In addition to the provincial EA, the Project required completion of a Federal EA pursuant to the Canadian Environmental Assessment Act, 2012 (CEAA 2012). The Federal Regulation Designating Physical Activities under CEAA identifies the physical activities that constitute the designated projects that could require completion of a Federal EA. At the time of the EA preparation, the following sections (which have since been revised) were considered to apply to the Côté Gold Project:

 

 

 

Section 7: “The construction, operation, decommissioning and abandonment of a structure for the diversion of 10,000,000 m3/a or more of water from a natural water body into another natural water body...”. However, it should be noted that most waters will be realigned and not diverted.

 

 

 

Section 8: “The construction, operation, decommissioning and abandonment of a facility for the extraction of 200,000 m3/a or more of ground water...”

 

 

 

Section 15 (b): “The construction, operation, decommissioning and abandonment of a metal mill with an ore input capacity of 4,000 t/d or more.”

 

 

 

Section 15 (c): “The construction, operation, decommissioning and abandonment of a gold mine, other than a placer mine, with an ore production capacity of 600 t/d or more.”

On 13 April 2016, the Federal Minister of the Environment issued a decision stating that the Project is not likely to cause significant adverse environmental effects.

 

20.2.2

Environmental Approvals

Three primary provincial agencies will be involved with Project approvals/permits:

 

 

 

Ministry of Northern Development and Mines (MNDM)

 

 

 

Ministry of Natural Resources and Forestry (MNRF)

 

 

 

Ontario Ministry of the Environment and Climate Change (MOECC).

Additional agencies that may be involved in permitting include:

 

 

 

Ontario Energy Board (OEB)

 

 

 

Ministry of Transportation (MTO)

 

 

 

Infrastructure Ontario (IO)

 

 

 

Ministry of Tourism, Culture and Sport (MTCS).

Provincial environmental approvals that are expected to be required to construct and operate the Project include what are shown in the preliminary list in Table 20-1.

 

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Table 20-1: Expected Additional Provincial Environmental Approvals

 

Agency

  

Permit/Approval

  

Act

  

Relevant Components

MNRF

  

Various Work Permits for Construction

   Lakes & Rivers Improvement Act/ Public Lands Act   

For work/construction on Crown land. Could be required as part of construction of the transmission line.

MNRF

  

Lakes and Rivers Improvement Act (LRIA) Permit

   Lakes & Rivers Improvement Act   

Construction of a dam in/near any lake or river in circumstances set out in the regulations requires a written approval for location of the dam and its plans and specifications.

MNRF

  

Forest Resource License (Cutting Permit)

   Crown Forest Sustainability Act   

For clearing of Crown merchantable timber. Could be required as part of construction of the transmission line.

MNRF

  

Aggregate Permit

   Aggregate Resources Act   

For extraction of aggregate (e.g., sand/gravel/ rock for tailings dam or other site construction).

MNRF

  

Land Use Permit

   Public Lands Act   

To obtain tenure for permanent facilities on Crown land, such as for the transmission line.

MNRF

  

Endangered Species Permit

   Endangered Species Act   

For any activity that could adversely affect species or their habitat identified as ‘Endangered’ or ‘Threatened’ in the various schedules of the Act.

MOECC

  

Environmental Compliance Approval – Industrial Sewage Works

   Ontario Water Resources Act   

For constructing a mine/mill water treatment system(s) discharging to the environment, such as for tailings, pit water, site stormwater and mine rock pile runoff.

MOECC

  

Permits to Take Water

   Ontario Water Resources Act   

For taking of ground or surface water (in excess of 50 m3/day), such as for potable needs and pit dewatering. During construction, a permit(s) may be required for dam and/or mill construction to keep excavations dry.

MOECC

  

Environmental Compliance Approval – Air and Noise

   Environmental Protection Act   

For discharge of air emissions and noise, such as from mill processes, on-site laboratory and haul trucks (road dust).

MOECC

  

Environmental Compliance Approval – Waste Disposal Site

   Environmental Protection Act   

For operation of a landfill and/or waste transfer site.

MOECC

  

Environmental Compliance Approval

   Environmental Protection Act   

For establishment and operation of a domestic sewage treatment plant, industrial sewage treatment facility (such as minewater pond, TMF) and domestic landfill, and management of air emissions.

MNDM

  

Closure Plan

   Mining Act   

For mine construction/production and closure, including financial assurance.

MTCS

  

Clearance Letter

   Heritage Act   

For confirmation that appropriate archaeological studies and mitigation, if required, have been completed.

OEB

  

Leave to Construct

   Ontario Energy Board Act   

For approval to construct a transmission line.

 

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20.3

Community Relations

 

20.3.1

Community and Government Communications

IAMGOLD has actively engaged local and regional communities, as well as other stakeholders, to gain a better understanding of their issues and interests, identify potential partnerships and to ultimately secure social licence to operate. Stakeholders involved in the Project consultation activities to date include those with a direct interest in the Project and those who provided data for the baseline studies. The involvement of stakeholders will continue throughout the various Project stages. The range of stakeholders is expected to increase and evolve to reflect varying levels of interest and issues over time. Key stakeholders who have demonstrated an interest in the Project are listed in Table 20-2.

Table 20-2: Stakeholders

 

Sector

  

Name

Business and Community Interests

  

•    Cambrian College

•    Collège Boréal

•    Gogama Area Citizens Committee

•    Gogama Area Chamber of Commerce

•    Gogama Recreation Committee

•    Gogama Snowmobile Club

•    Greater Sudbury Chamber of Commerce

•    Greater Sudbury Development Corporation

•    Laurentian University

•    Mattagami Region Conservation Authority

•    Mesomikenda Lake Cottage Association

•    Northern College

•    Sudbury Area Mining Supply and Service Association

•    Timmins Chamber of Commerce

•    Timmins Economic Development Corporation

•    Local land and resource users (eg, trapline permit holders)

•    Adjacent or local mineral rights holders

•    Local small business owners

•    Local tourism operators

Environmental Non-Government Organizations

  

•    Mining Watch Canada

•    Northwatch

•    Canadian Parks and Wilderness Society (Wildlands League)

Non-Government Organizations

  

•    Nature and Outdoor Tourism Ontario

•    Ontario Mining Association

•    Ontario Prospectors Association

•    Porcupine Prospectors and Developers Association

•    Sudbury Prospectors and Developers

Municipal Governments

  

•    Community of Gogama (Gogama Local Services Board)

•    City of Greater Sudbury

•    City of Timmins

 

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Sector

  

Name

Ontario Government

  

•    Ministry of Aboriginal Affairs

•    Ministry of Economic Development and Trade

•    Ministry of Energy

•    Ministry of Infrastructure

•    Ministry of Labour

•    Ministry of Municipal Affairs and Housing

•    MNRF

•    MNDM

•    MOECC

•    MTCS

•    Ministry of Transportation

•    OEB

•    Ontario Power Authority

•    Ontario Provincial Police

•    Provincial Parliament representatives

•    Sudbury and District Health Unit

Federal Government

  

•    Aboriginal Affairs and Northern Development Canada (AANDC)

•    Canadian Environmental Assessment Agency

•    Environment Canada

•    Federal Parliament representatives

•    Fisheries and Oceans Canada

•    Health Canada

•    Major Projects Management Office

•    Natural Resources Canada

•    Transport Canada

 

20.3.2

Aboriginal Communications

An understanding of the Aboriginal communities potentially interested in the Côté Gold Project was developed through advice from MNDM to IAMGOLD’s consultant Trelawney in a letter dated 19 August 2011, and through advice from CEA based on information provided by AANDC. IAMGOLD sought further direction from both provincial and federal Crown agencies on the potentially affected communities:

 

 

 

On 6 March 2013, the Federal Crown agency informed IAMGOLD that Mattagami First Nation, Flying Post First Nation, Brunswick House First Nation, the Métis Nation - Region 3, and the Algonquin Anishinabeg Tribal Council should be consulted about the Project. They noted that as the Federal EA progresses, the Chapleau First Nation, Matachewan First Nation, and Beaverhouse First Nation would also be notified.

 

 

 

At a meeting on 23 May 2013, the Provincial Crown identified the Mattagami First Nation, Flying Post First Nation, Brunswick House First Nation, Matachewan First Nation and the Métis Nation of Ontario – Region 3 as groups that should be consulted.

Based on federal and provincial advice and information gathered through engagement activities, the following groups have been consulted about the Project:

 

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Algonquin Anishinabeg Nation Tribal Council

 

 

 

Brunswick House First Nation

 

 

 

Flying Post First Nation

 

 

 

Matachewan First Nation

 

 

 

Mattagami First Nation

 

 

 

Métis Nation of Ontario

 

 

 

Beaverhouse First Nation

 

 

 

Chapleau Ojibwe First Nation

 

 

 

Abitibiwinni First Nation

 

 

 

M’Chigeeng First Nation

 

 

 

Serpent River First Nation

 

 

 

Missanabie Cree First Nation

 

 

 

Wahgoshig First Nation.

Based on consultation efforts since the start of the Project, and on groups expressing a continued interest, IAMGOLD has continued to engage the following Aboriginal groups about potential opportunities and accommodations:

 

 

 

Mattagami First Nation

 

 

 

Flying Post First Nation

 

 

 

Métis Nation of Ontario.

 

20.4

Environmental Studies

The following description of the environment summarizes baseline studies conducted to date. Such studies will continue in consultation with interested stakeholders and Aboriginal communities.

In the EA, the TMF was located north of Bagsverd Lake. As of the previous PEA and in this PFS, the TMF is now located further to the south as per Figure 18-1. In addition, the Topsoil / Overburden Stockpile is located southwest of the open pit. Current baseline activities include areas around the new TMF and Topsoil / Overburden Stockpile locations, particularly the lakes north and west of the TMF. The following sub-sections outline results from the studies to date.

 

20.4.1

Water

The Project site is within the Mollie River and Neville Lake subwatersheds. A number of lakes encompass the site area including Chester Lake, Clam Lake, Côté Lake, Three Duck Lakes, Moore Lake, Chain Lake, Attach Lake, Sawpeter Lake and Schist Lake. A number of small tributaries drain from the general site area into the Mollie River, which includes Clam Creek, Unnamed Pond, and Mill Pond.

 

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The open-water reach of the river between Chester Lake and Côté Lake ranges in width from 5 to 20 m, with a depth of 1 to 2 m, and is bordered by a flooded grassy marsh, interspersed with dead standing coniferous trees. Numerous stands of planted jackpine occur adjacent to the marsh, in addition to evidence of recent logging activities.

 

20.4.2

Noise

Noise levels in the vicinity of the Project site reflect a rural sound environment, and are generally characterized by sounds of nature and minimal road traffic.

 

20.4.3

Soils

Overburden throughout the study area generally consists of an organic layer (peat in many cases) overlying silt and/or sand with occasional till overlying bedrock. Bedrock is very close to or at surface in most areas, with the exception of valley bottoms and low-lying wet areas. Overburden ranges in depth from 0 to 18 m. Soil pH values range from 6.8 to 7.3.

Investigations have been completed to further characterize the geotechnical and hydrogeological properties of overburden soils and bedrock in the vicinity of the proposed open pit, TMF, watercourse realignments, and other surface infrastructure components.

 

20.4.4

Geology and Geochemistry

Amec Foster Wheeler conducted a detailed assessment of the potential for metal leaching and acid rock drainage (ML/ARD) for overburden, mine rock and tailings. The work included characterization (static testing) of overburden and bedrock in previous areas planned for construction, with results indicating little potential for ML/ARD for these materials. More extensive studies, including static and kinetic testing (humidity cells and field cells), were conducted for open pit mine rock and tailings. The mine rock was characterized with a generally low sulphide content (<0.3% sulphide), a low potential for ML/ARD and an excess of neutralization potential overall. The tailings were determined to be non-potentially acid generating, with a substantial excess of neutralization potential expected. Short-term leaching tests identified little evidence of concern for neutral metal leaching in mine rock or tailings. Field cell tests were continued to further confirm the low potential for ML/ARD for the project. Simulated tailings were subjected to rheology tests that characterised settling rates and density.

The existing studies are largely expected to be representative of the PFS mine plan. Updated geological and metallurgical information is being evaluated with respect to the PFS designs (e.g., smaller pit design and ore processing modifications). Should gaps be identified, further testing will be completed as necessary to support future permitting and detailed design. Additional confirmatory studies may be required for new construction areas requiring excavation (e.g., diversion channels outside the previous investigation footprint).

 

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20.4.5

Hydrology

The Project site is within the Upper Mattagami River watershed, which drains northward through the City of Timmins and ultimately to James Bay. Surface water flows are controlled by a number of lakes and creeks that flow to the Mollie River and Mesomikenda Lake before discharging to Minisinakwa Lake and ultimately the Mattagami River. The Mattagami River upstream of the City of Timmins water filtration plant is within Intake Protection Zone 3 in the context of the Mattagami River Source Water Protection Program; this zone does not prohibit the proposed mining activities.

Water Survey of Canada maintains regional hydrological monitoring stations in the Mollie River (unregulated flow) and at Minisinakwa Lake (regulated flow), and Ontario Power Generation monitors the Mesomikenda Lake Dam (regulated flow). The regulated flow systems are governed by a Water Management Plan in place for the Mattagami River.

Surface water flowpaths at the Project site are currently monitored by 15 hydrological sampling stations selected and installed during 2012, and increased to 26 stations in 2016. In general, these stations are distributed throughout the two main subwatersheds of the site (the Mollie River subwatershed and Neville Lake subwatershed). Automated water-level data loggers have been installed and will be used in conjunction with instantaneous discharge measurements to develop a characterization of the streamflow regime in the vicinity of the Project site.

 

20.4.6

Hydrogeology

A total of 98 boreholes were drilled in various Project areas, and groundwater monitoring wells (nested and single) were installed in 63 of these boreholes to provide water-level monitoring and quality sampling for the EA baseline studies. In 2016, an additional 23 monitoring wells were installed in various locations within the proposed TMF footprint. Additional investigations will be carried out in the proposed Topsoil / Overburden Stockpile footprint.

Wells were installed with screens located in overburden, where present, and bedrock materials. Twenty monitoring wells were outfitted with automatic water-level data loggers, and each well was monitored manually during four sampling events in 2012. Groundwater samples were collected from 37 wells, three times in 2012 (spring, summer and fall). With the additional wells installed in 2016, water level monitoring will continue with downloads twice per year at 42 wells. In addition, six angled drillholes were advanced into the deep bedrock within the proposed open pit, to facilitate hydrogeological and geomechanical testing of major lithological units and structural features (e.g., dikes and faults) along ultimate pit walls.

The data indicate groundwater level fluctuations and groundwater flowpaths in the vicinity of the site. Packer testing of the deep-angled boreholes suggests a weak trend to declining hydraulic conductivity values with depth, as is typical in the Canadian Shield.

 

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20.4.7

Surface Water, Sediment and Groundwater Quality

 

20.4.7.1

Surface Water Quality

Quarterly or monthly water quality sampling was completed at 21 locations, 15 hydrological stations and nine additional locations during the EA baseline studies. Future data collection will also include 9 surface water stations surrounding the new TMF, and additional stations in the area of the Topsoil / Overburden Stockpile.

Results were typically consistent across seasons, with concentrations of total phosphorus, iron, zinc, copper and dissolved aluminum occasionally exceeding Provincial Water Quality Objectives (PWQOs) and the Canadian Council of Ministers of the Environment’s Canadian Water Quality Guidelines (CWQGs) for the Protection of Aquatic Life. Exceedances were generally interpreted to be naturally occurring. Surface water quality sampling will continue during additional baseline characterization studies.

 

20.4.7.2

Sediment

Sampling results indicated good sediment quality, with the majority of parameter concentrations below the 2008 MOECC Provincial Sediment Quality Guidelines (PSQGs). PSQG lowest effect levels (LELs) were exceeded for most of the total organic carbon results. A few results also exceeded PSQG severe effect levels (SELs), but this is typical of lakes in northern Ontario. Provincial SELs were found to be exceeded for iron and manganese concentrations in the Mollie River. In some surface waters, Amec Foster Wheeler observed Federal threshold effect level exceedances for copper in 2011.

It should be noted that PSQGs were developed for, and are strongly weighted by, data for sediments in the Great Lakes, which tend to have substantially lower content of many metals compared to Canadian Shield lakes (Prairie and McKee, 1994). Natural background concentrations, particularly in mineralized areas of the Canadian Shield lakes, can naturally exceed PSQG LELs. Further sediment quality evaluation will include a comparison to PSQG LELs, SELs, and reference area values.

 

20.4.7.3

Groundwater Quality

In 2012, Amec Foster Wheeler collected groundwater samples three times at 37 wells, at sites of potential mine infrastructure development. In 2016 an additional 23 wells were added to cover the PEA/PFS TMF location. Groundwater chemistry was analysed for major ions, metals, nutrients and physical parameters (e.g., conductivity and total dissolved solids). Results were compared to Ontario Drinking Water Standards (ODWS), PWQOs, and the Canadian Council of Ministers of the Environment CWQGs for the Protection of Aquatic Life. Results indicated that values occasionally exceeded these regulatory criteria, including but not limited to copper, zinc, molybdenum, aluminum, silver, arsenic, iron, free cyanide and cadmium. Additional investigations to verify these results were completed in 2013.

 

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With respect to groundwater quality, several values were measured above their applicable ODWSs or PWQOs during one or more monitoring events in 2012. Since there is currently limited development at the site (other than exploration drilling), these values are considered to represent background conditions and will continue to be monitored to assess trends in water quality.

 

20.4.8

Biological Environment

 

20.4.8.1

Aquatic Resources

In July 2012 and continuing into 2013, Minnow Environmental conducted aquatic assessments of water bodies within the boundaries of the proposed pit and associated potential initial locations of the MRAs and TMF. Studies included characterization of fish habitat and community structure of the water bodies, as well as sport fish population sizes in Côté Lake and Unnamed Lake. Additional data on aquatic resources are available from Amec Foster Wheeler’s 2011 Baseline Aquatic Study, associated with sampling conducted during the summer and fall of 2010. These studies included water quality/hydrogeology analysis, benthic invertebrate surveys, aquatic macrophyte community assessment, and fish community assessment and habitat characterization.

Samplings did not provide evidence of any aquatic species at risk (such as lake sturgeon), either under the federal Species at Risk Act (SARA) or Ontario’s Endangered Species Act (ESA).

Further studies will include water bodies within the boundaries of the new TMF and Topsoil / Overburden Stockpile.

 

20.4.8.2

Wildlife

Sensitive species refers to those listed in the ESA, the SARA (Schedule 1), or those considered vulnerable or imperiled in the province (provincial ranking of S1-S3). Based on desktop studies, there is potential for 18 provincially-listed wildlife species, one federally-listed species, and two provincially-tracked wildlife species to occur in the Project area. Seven of these species were documented: four are listed as Special Concern (bald eagle, Canada warbler, common nighthawk and olive-sided flycatcher); and one as Endangered (little brown bat) under the provincial ESA. One species listed as Special Concern under SARA, the rusty blackbird, was also observed during field surveys.

Based on the habitat ranges provided by the Atlas of the Mammals of Ontario (Dobbyn, 1994), 49 mammals have potential to inhabit the Project area. A winter aerial survey conducted between February 27 and March 1, 2013 observed 21 moose and one red fox along the alternative transmission line routes. In addition, tracks of moose, red fox, wolves, lynx, river otter, pine marten, mink, weasel, snowshoe hare, and porcupine were observed.

 

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20.4.9

Human Environment

 

20.4.9.1

Population and Demographics

Gogama, the closest community to the Project site, reported a total population of 277 in the 2011 census, down 29.7% from 2006. The unorganized subdivisions of North Sudbury and Timiskaming West also lost population between 2006 and 2011. This decline may be explained by fluctuations in forestry and mining activities in the area. Based on most recent surveys, there are about 800 Aboriginal people in the area.

 

20.4.9.2

Regional Economy

Based on Statistics Canada data for 2006, three out of every four jobs in northeastern Ontario were in service industries such as trade, health, education and public administration. Resource-based (mining and forestry) jobs represented 9.7% of the labour force in the Project area, compared to only 2.9% for the province as a whole.

While First Nation communities tend to have higher unemployment rates and lower participation rates than those of nearby communities, no data were available for the specific communities in the Project area.

 

20.4.9.3

Mineral Exploration, Forestry and Agriculture

The Project site overlaps with the Spanish Forest Management Unit. The Sustainable Forest Licence for the Spanish Forest is held by EACOM Timber Corporation (formerly Domtar), which is responsible for harvest management, inventories and planning (this licence does not prohibit the proposed mining activities). IAMGOLD and EACOM maintain communications with regard to EACOM’s plans.

Most of the land in and around the Project site is classified under the Canada Land Inventory as having little to no capacity for arable culture or permanent pasture (Agriculture and Agri-Food Canada, 2011), and there is no active agricultural use in the area.

 

20.4.9.4

Recreation and Tourism

Recreation and tourism in the region is mainly related to hunting, fishing, camping, snowmobiling and hiking in the Spanish Forest. There are two provincial parks in the region: Spanish River/Biscotasi Lake (a waterway park ~40 km southwest of Gogama), and La Motte, 10 km northeast of Gogama. Other recreational interests in the area include canoeing and portage routes; the 4M Circle Canoe Route is closest to the Project site.

 

20.4.9.5

Cultural Heritage and Paleontological Resources

A total of 31 archaeological sites and features have been recorded in the Project study area, including 16 pre-contact sites, nine historical sites, six ancient trails and several

 

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portages. The Stage 2 studies recommended Stage 3-4 fieldwork for eight of the pre-contact sites and two of the historical sites. Some of this work took place in 2012 and 2013.

The cultural landscape consists of a 1930s-era gold mining camp with associated sites and remains. Further documentation and assessment of this landscape was conducted in 2013. No built heritage resources other than ruins have yet been identified.

Additional fieldwork is currently being undertaken within the boundaries of the new TMF and Topsoil / Overburden Stockpile.

 

20.4.9.6

Aboriginal Traditional Land Use

Traditional knowledge and traditional land use studies were conducted by a consultant selected by Wabun Tribal Council, on behalf of the Wabun member communities of Mattagami First Nation and Flying Post First Nation. The Métis Nation of Ontario also conducted a traditional knowledge and traditional land use study of the Project area. Both studies show some level of current use in the broader area around the site.

 

20.5

Environmental Effects

 

20.5.1

Preliminary Description of Potential Environmental Effects

Potential environmental effects associated with the construction, operation, and closure of the Côté Gold Project include:

 

 

 

changes in air quality

 

 

 

increases in noise

 

 

 

potential loss of aquatic habitat

 

 

 

disturbance of aquatic species

 

 

 

reduction of terrestrial habitat, and associated species disturbance

 

 

 

alteration of local groundwater infiltration rates and aquifers

 

 

 

changes in water quality in the Mollie River and Mesomikenda Lake watersheds

 

 

 

increased demands on community/regional infrastructure and social services

 

 

 

effects on cultural heritage resources

 

 

 

effects on local Aboriginal and Métis traditional land uses

 

 

 

alterations to local terrain and visual aesthetics.

The 2015 EA provides a complete assessment of potential environmental effects, and states that no significant adverse effects are anticipated after the application of the proposed mitigation measures.

IAMGOLD is proceeding with additional baseline studies, within the boundaries of the new TMF and Topsoil / Overburden Stockpile, to infill the physical, biological and human environment characterizations conducted previously. This additional baseline data,

 

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together with design information for the PFS site configuration, will be used to update the Environmental Effects Review (EER) for the Project, for submission to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) in Autumn 2017, thus informing the regulatory agencies of changes/improvements to the EA. Studies conducted in 2017 for the PFS site configuration include water quantity and quality modelling by Golder (2017), which supports the water management plan for the overall PFS Project site, and will be used to update the ERR.

Potential benefits of the Côté Gold Project are expected to include local, regional and provincial economic benefits such as employment and business opportunities and direct expenditures, as well as tax revenues at all levels of government.

 

20.6

Waste and Tailings Disposal, and Water Management

Details of the requirements and plans for waste (mine rock) handling and stockpiling are described in Section 16.0. Tailings disposal and site water management are described in detail in Section 18.0.

 

20.7

Environmental Monitoring

Based on the federal and provincial Environmental Assessment processes, IAMGOLD has estabilished a preliminary environmental monitoring program that includes monitoring parameters, methods, applicable standards, frequencies and locations for the physical, biological and human environments. The existing environmental baseline monitoring programs conducted to date provide the basis for the monitoring frameworks and may be modified to meet compliance and reporting requirements as the project moves through the permitting phase. The proposed monitoring programs will apply to the construction, operation, closure and post-closure phases of the project, as appropriate, and will allow for compliance of activies with anticipated environmental approvals and permits, while providing information to determine the effectiveness of proposed mitigation measures.

Follow-up montoring is expected to provide for an adaptive management approach, should environmental effects vary from that predicted and/or mitigation measures prove less effective than antipicated, or as new information becomes available. Accordingly, mitigation strategies may be modified, and monitoring requirements with regards to parameters, locations and/or frequencies will be adapted as appropriate.

 

20.8

Preliminary Closure Plan

Closure of the Côté Gold Project will be governed by the Ontario Mining Act and its associated regulations and codes under Ontario Regulation 240/00. The objective of closure is to return the Project site to a naturalized and productive condition after mining is complete. “Naturalized and productive” is interpreted to mean a rehabilitated site without infrastructure (unless otherwise negotiated), and one that, while different from the existing

 

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environment, is capable of supporting plant, wildlife and fish communities, and other applicable land uses.

Conventional methods of closure are expected to be employed at the site. The closure measures for the tailings impoundment will be designed to physically stabilize the tailings surface to prevent erosion and dust generation. The pit will be allowed to flood, and the natural flow of the realigned water bodies will be re-established to the extent practical. Revegetation will be carried out using non-invasive native plant species. Monitoring, at appropriate sampling locations, including those established during baseline studies and operations, will be conducted after closure to confirm the performance of the closure measures. Closure costs were estimated based on this approach, and are included in the sustaining capital and financial analysis sections of this Report.

 

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21.0

CAPITAL AND OPERATING COSTS

 

21.1

Summary

This PFS-level estimate addresses the scope of the Côté Gold Project’s mine, process facilities and ancillary buildings, and includes:

 

 

 

direct field costs of executing the project including construction, installation and commissioning of all structures, utilities, materials, and equipment

 

 

 

indirect costs associated with design, construction and commissioning

 

 

 

provisions for contingency and Owner’s costs.

This estimate was prepared in accordance with the American Association of Cost Engineers (AACE) Class 4 Estimate with an expected accuracy of +25%/-20% of the final Project cost.

Cost estimates are expressed in second-quarter 2017 US dollars with no allowances for escalation, currency fluctuation or interest during construction. Costs quoted in Canadian dollars were converted to US dollars at an exchange rate of C$1 = US$0.7692.

The Project’s initial capital cost, summarized in Table 21-1, is estimated to be $1,163 M, inclusive of allowances for Owner’s costs and contingency of $27 M and $170 M, respectively.

Table 21-1: Initial Capital Cost Estimate Summary

 

Area

  

Description

   Cost, US$ M  

Direct Costs

  
  

Mining

     259  
  

On-Site Infrastructure

     135  
  

Processing Plant

     278  
  

Tailings

     71  
  

Off-Site Facilities

     25  
     

 

 

 
  

Total Direct Costs

     768  
     

 

 

 

Indirect Costs

  
  

EPCM

     68  
  

Construction Indirects

     130  
  

Owner’s Costs

     27  
  

Contingency

     170  
     

 

 

 
  

Total Indirect Costs

     395  
     

 

 

 

Total Initial Capital Cost

     1,163  
     

 

 

 

Some of the larger capital expenditures are amenable to capital financing. The initial mining fleet and the largest process equipment, having an approximate initial capital cost of $159 M, can be financed using capital lease agreements with vendors. Inclusive of a

 

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down-payment of 15 - 30% of the purchase value paid at placement of order, capital leases reduce the initial capital cost by approximately $116 M, resulting in an initial capex of $1,047 M net of leasing.

Sustaining costs (including capital leases and contingency) and operating costs (with no contingency) over the LOM are estimated to total $418 M and $3,025 M, respectively. Reclamation and closure costs are estimated at $40 M towards the end of the project.    

 

21.2

Scope and Structure of Capital Cost Estimate

Capital cost for surface facilities includes the construction and installation of all structures, utilities, materials, and equipment as well as all associated indirect and management costs. The capital cost includes contractor and engineering support to commission the process plant to ensure all systems are operational. At the point of hand-over of the plant to IAMGOLD’s Operations group, all operational costs, including ramp-up to full production, are considered as operating costs.

The capital cost estimate is based on a 24-month Project development schedule starting upon Closure Plan approval.

This estimate was developed in accordance with the following work breakdown structure (WBS) (Table 21-2).

Table 21-2: Scope of Estimate by WBS

 

WBS Area

  

WBS #

  

WBS Description

1000 – Mining

   1100   

Mining Stockpiles & Waste

   1200   

Open Pit Mine Preproduction

   1300   

Open Pit Mine Equipment

   1400   

Open Pit Mine Infrastructure

2000 – On-Site Infrastructure

   2100   

Site Preparation

   2200   

On-Site Roads

   2300   

Accomodations

   2400   

On-Site Bulk Storage

   2500   

On-Site Utilities

   2600   

On-Site Communications

   2700   

On-Site Power Supply

& Distribution

   2800   

Offices/Personnel Buildings

   2900   

Laborarories, Shops

& Warehousing

3000 – Processing Plant

   3100   

Ore Handling

   3200   

Process Plant

4000 – Tailings

   4100   

Tailings Management Facility

   4300   

Water Management Pond

   4400   

Water Management (Other)

   4500   

Tailings Management &

Water Reclaim

   4800   

TMA Roads

6000 – Off-Site Facilities

   6100   

Main Power Line

 

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WBS Area

  

WBS #

  

WBS Description

   6200   

Water Supply

8000 – Owner’s Costs

   8100   

Owner’s Costs

9000 – Indirects

   9100   

EPCM Services

   9200   

Construction Camp and Catering

   9300   

Temporary Facilities

   9400   

Construction Supplies

   9500   

Construction Utilites

   9600   

Construction Services

   9700   

HSSE

   9800   

Freight/Logistics/Taxes/Duties

   9900   

Spares Parts/First

Fills/Commissioning

P000 – Provisions

   P100   

Contingency

 

21.3

Support Documents

The following documents were used as support for the estimate:

 

 

 

General arrangement drawings

 

 

 

Pre-production mining costs from the mine plan

 

 

 

Major equipment and electrical load lists

 

 

 

Budgetary quotations for major equipment

 

 

 

Budget quotations for Power Transmission lines

 

 

 

Project WBS

 

 

 

Material take-offs (MTOs)

 

21.4

Basis of Capital Cost Estimate

 

21.4.1

Direct Costs

 

21.4.1.1

Mining

The scope of the mining cost estimate includes the purchase of initial mining fleet, maintenance, and mine support equipment; wages for hourly and salary personnel for pre-production mine operation; haul road construction; and miscellaneous equipment.

Estimates for mining equipment were based either on mining fleet equipment schedules and equipment pricing provided by vendors for supply, delivery, assembly, and testing or from historical data. Costs include pre-production stripping and haul road construction by the mining fleet.

 

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21.4.1.2

Quantity Development Basis

Amec Foster Wheeler prepared preliminary designs to determine the equipment list, labour estimates and materials quantities for the capital cost estimate. Where design was not practical for this stage, allowances were made based upon historical data and adjusted for Project-specific equipment and building requirements. Major areas were calculated as follows:

 

 

 

Civil: earthwork scope was based on preliminary designs, including quantities for rough grading, excavation and backfill, cut and fill, topsoil stripping, hauling and base layers.

 

 

 

Mechanical: mechanical and process engineers determined the equipment, quantities, size, and power requirements, and documented these in the project mechanical equipment list.

 

 

 

Concrete and Structural Steel: MTO’s were developed by the Engineering team based upon designed layouts.

 

 

 

Piping: historical equipment factored allowances were applied for process piping.

 

 

 

Electrical: The electrical estimate was based on MTO’s along with a combination of budgetary quotations and recent in-house data for supply and installation.

 

21.4.1.3

Direct Labour

Wage rates for construction crews were established based on recent building trade labour agreements.

Amec Foster Wheeler’s base North American unit work-hours are based on ideal working conditions which have been adjusted using a productivity factor to account for conditions at the Project site. These productivity factors were incorporated into the construction labour unit work-hours as multipliers on the base man-hours.

 

21.4.1.4

Construction Equipment

Estimates for contractors’ construction equipment are included in the direct costs. These costs are estimated as dollars per direct work-hour by discipline account, and include equipment ownership, depreciation, insurance, fuel oil, lubricants, maintenance, and service and repair.

 

21.4.1.5

Capital Leases

Some of the larger capital expenditures are amenable to capital financing. The initial mining fleet and the largest process equipment, having an approximate initial capital cost of $159 M, can be financed using capital lease agreements with vendors. Inclusive of a down-payment of 15 - 30% of the purchase value paid at placement of order, capital leases reduce the initial capital cost by approximately $116 M.

 

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21.4.2

Indirect Costs

 

21.4.2.1

Engineering Procurement and Construction Management

The allowance for EPCM costs is 7% of direct costs, excluding mining pre-production costs and off-site power line costs.

A separate allowance for a future Feasibilty study and permitting costs has been included in pre-construction period expenses.

 

21.4.2.2

Construction Indirects

Construction indirects are estimated based on historical percentages of capital costs as shown in Table 21-3, with the exception of the costs for temporary camp and catering, which were based on costs determined by a per person/bed/day basis.

First Fills have been estimated per specific equipment / process requirements.

Table 21-3: Construction Indirects

 

Cost Element

   % of Direct Cost

Temporary construction facilities

   2.5

Construction support and services

   3.5

Construction utilities

   3.0

Health, Safety, Security and Environment (HSSE)

   0.5

Freight (% of plant equipment and bulk materials only)

   6.0

Vendor representatives (% of plant equipment costs only)

   1.5

Contractor support during start-up/commissioning
(% of plant equipment costs only)

   2.0

Spare parts (% of mechanical and electrical equipment costs only)

   1.5

 

21.4.3

Owner’s Costs

An allowance of 5% of direct costs, excluding initial mining and pre-stripping costs, has been included for Owner’s costs.

 

21.4.4

Contingency

Contingency is an allowance included in the capital cost estimate that is expected to be spent to cover unforeseeable items within the scope of the estimate. These can arise due to currently undefined items of work or equipment, or to uncertainty in the estimated quantities and unit prices for labour, equipment, and materials. Contingency does not cover scope changes or project exclusions.

 

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The contingency has been applied at 10% of Mining equipment and 20% of the balance of direct and indirect costs, excluding Mining pre-production, based on a deterministic approach and historical data.

 

21.4.5

Exclusions

The following items are specifically excluded from the capital cost estimate:

 

 

 

escalation

 

 

 

cost of financing and interest during construction

 

 

 

cost due to currency fluctuations (although impact reviewed within sensitivities)

 

 

 

changes to design criteria

 

 

 

scope changes or accelerated schedule

 

 

 

modifications after hand-over

 

 

 

changes in Canadian law

 

 

 

any provision for force majeure events

 

 

 

cost recovery of construction buildings or equipment

 

 

 

schedule delays such as those caused by:

 

 

 

scope changes

 

 

 

permit delays

 

 

 

delay in notice to proceed

 

 

 

labour disputes

 

 

 

unavailability of sufficient or experienced craft labour

 

 

 

undefined geotechnical or environmental conditions

 

 

 

unidentified or adverse subsurface soil conditions

 

 

 

other external influences.

 

21.5

Sustaining Capital Costs

Sustaining costs include the following:

 

 

 

purchase of mining fleet to maintain production

 

 

 

annual TMF build-out costs

 

 

 

capital lease payments on initial mining fleet, and major process equipment

 

 

 

contingency.

As shown in Table 21-4, sustaining capital costs are estimated at $418 M.

 

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Table 21-4: Sustaining Costs

 

Cost Area

   US$ M  

Mining

     84  

Tailings

     160  

Capital Leases

     155  

Contingency

     19  
  

 

 

 

Total

     418  
  

 

 

 

The basis for estimating the sustaining costs for capital leases are as follows:

 

 

 

15 - 30% down payment of purchase order value on placement of order depending on the equipment (included in capital cost),

 

 

 

lease rate of 5.6% per annum,

 

 

 

a 1% up-front financing fee,

 

 

 

lease term of five years.

A 2% contingency was applied to mining equipment to allow for contract growth of the purchased equipment. A 10% contingency was applied to TMF construction costs to account for unforeseeable items and costs within the currently defined scope.

 

21.6

Operating Costs

 

21.6.1

Operating Cost Summary

Total operating costs over the LOM are estimated to be $3,025 M (Table 21-5). Mining and processing costs represent 51% and 40% of this total, respectively. Average operating costs are estimated at $15.40/t of processed mill feed, as summarized in Table 21-6.

Table 21-5: Total Operating Costs over Life of Project

 

Cost Area

   Total, US$ M      Percent of Total  

Mining operating

     1,551        51  

Processing

     1,197        40  

G&A

     278        9  
  

 

 

    

 

 

 

Total

     3,025        100  
  

 

 

    

 

 

 

Table 21-6: Average Unit Operating Costs

 

Cost Area

   US$/t of processed mill feed  

Mining

     7.91  

Processing

     6.08  

G&A

     1.42  
  

 

 

 

Total

     15.40  
  

 

 

 

 

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Operating cost estimates exclude any allowances for contingencies.

 

21.6.2

Mining Operating Cost Estimate

Mining costs over the LOM are estimated to average $7.91/t of processed mill feed (Table 21-7). Operating costs (including pre-stripping) average $2.16/primary tonne mined including stockpile rehandle, and $2.05/total tonne moved over the LOM. Separating out the cost of mining and stockpile rehandle gives mining costs of $2.11/primary tonne and rehandle costs of $0.87/t.

Table 21-7: Average Mining Operating Costs

 

Cost Area

   US$/t processed mill feed      Percent of total  

Labour

     2.09        26.7

Electric Power

     0.09        1.2

Fuel

     2.22        27.6

Bulk Emulsion

     0.41        5.2

Tires

     0.41        5.2

Maintenance Parts & Supplies

     1.56        19.6

Other

     1.13        14.3
  

 

 

    

 

 

 

Total

     7.91        100.0
  

 

 

    

 

 

 

Mining quantities were derived from first principles and mine-phased planning to achieve the planned production rates. Mining excavation estimates were based on geological studies, mine models, drawings, and sketches.

Fuel consumption was estimated from vendor-supplied data for each type of equipment and equipment utilization factors, based upon calculated cycle times.

 

21.6.3

Process Operating Cost Estimate

Process operating costs over LOM are estimated to average $6.08/t of processed mill feed (Table 21-8). Process operating costs estimates were developed from first principles and vendor quotations, and benchmarked against historical data for similar process plants.

Table 21-8: Average Processing Costs

 

Cost Area

   US$/t processed mill feed  

Labour

     0.79  

Power

     1.68  

Reagents

     1.62  

Steel consumables

     1.20  

 

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Spare parts and maintenance supplies

     0.69  

Assaying

     0.05  

Miscellaneous

     0.05  
  

 

 

 

Average Processing Cost

     6.08  
  

 

 

 

Budgetary quotes were compiled from vendors active in the Ontario market to provide reagent pricing in Canadian dollars where possible. Due to considerably high SO2 pricing, the decision was made to buy molten sulphur to generate SO2 on site. Oxygen costs quoted by a local supplier were very similar in bulk and VPSA options. Pricing for bulk delivery was used in the estimate.

The lime cost obtained is competitive for the Ontario market. The supplier expects, however, that due to impending legislation regarding carbon dioxide emissions, this cost may rise significantly in the short term future.

Freight was assumed as 5% of the cost of reagents, when freight had not been provided inclusive in the reagent cost.

Wear parts and maintenance allocations were calculated using a ratio of 7.5% against the value of purchased equipment, applied annually to project the cost of replacing mechanical equipment due to normal wear and tear.

Ball mill usage was determined using ore characteristics reported for the HPGR product. Liner costs are based on projected circuit wear times, with liners made out of appropriate material as required.

A manpower estimate for a typical 32,000 tpd mill was developed. A 32% labour burden factor was applied. An allowance of $120,000 was added for liner change crews.

Power cost was assumed to be $0.058/kWh (C$0.075/kWh), which corresponds to the current pricing available in the region with no discounts negotiated into the price. Electrical power loads were developed by Amec Foster Wheeler based on the project equipment list.

The average unit processing costs presented in Table 21-8 don’t take into account a small increase in unit cost over the three-month ramp-up period at the start of operations. This additional cost has been applied to the cash flow model.

 

21.6.4

General and Administration

G&A costs over LOM are estimated to average $1.42/t of processed mill feed (Table 21-9). G&A costs were developed from first principles and benchmarked against similar projects.

 

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Table 21-9: General and Administration Cost Estimates

 

Cost Area

   US$/t processed
mill feed
 

Labour

     0.45  

Camp & catering contract

     0.30  

Insurance

     0.11  

Logistics

     0.10  

Road and site maintenance

     0.05  

Power line maintenance

     0.01  

Power (camp and administration)

     0.30  

Other

     0.11  
  

 

 

 

Average G&A Cost

     1.42  
  

 

 

 

The camp and catering contract cost is based on 450 total employees on site at a rate of C$60 per person per camp day.

Insurance, freight and logistics, and road, site and power line maintenance were estimated by benchmarking with similar projects in the Amec Foster Wheeler database.

Freight for components other than bulk materials were assumed to be incorporated into bulk consumables costs (e.g. fuel, reagents, grinding media).

Costs for electrical power loads for the camp and adminintrative facilities were developed from power usage developed by Amec Foster Wheeler.

 

21.7

Reclamation and Closure Costs

Reclamation and closure costs are estimated to total approximately $40 M, distributed yearly from the middle of the LOM until post-closure. This cost is based on estimates prepared for earlier internal studies on the Project, scaled to suit the current Project concept, and excludes allowances for contingency.

 

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22.0

ECONOMIC ANALYSIS

 

22.1

Forward-looking Information

The results of the economic analysis represent forward-looking information that is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those presented here. Forward-looking statements in this Report include, but are not limited to, statements with respect to future gold prices, the estimation of Mineral Resources, the estimated mine production and gold recovered, the estimated capital and operating costs, and the estimated cash flows generated from the planned mine production. Actual results may be affected by:

 

 

 

potential delays in the issuance of permits and any conditions imposed with the permits that are granted,

 

 

 

differences in estimated initial capital costs and development time from what has been assumed in the PFS,

 

 

 

unexpected variations in quantity of mineralised material, grade or recovery rates, or presence of deleterious elements that would affect the process plant or waste disposal,

 

 

 

unexpected geotechnical and hydrogeological conditions from what was assumed in the mine designs, including water management during construction, mine operations, and post mine closure,

 

 

 

differences in the timing and amount of estimated future gold production, costs of future gold production, sustaining capital requirements, future operating costs, assumed currency exchange rate, requirements for additional capital, unexpected failure of plant, equipment or processes not operating as anticipated,

 

 

 

changes in government regulation of mining operations, environment, and taxes,

 

 

 

unexpected social risks, higher closure costs and unanticipated closure requirements, mineral title disputes or delays to obtaining surface access to the property.

 

22.2

Valuation Methodology

The Project has been evaluated using discounted cash flow (DCF) analysis. Cash inflows consist of annual revenue projections. Cash outflows consist of initial capital expenditures, sustaining capital costs, operating costs, taxes and royalties. These are subtracted from revenues to arrive at the annual cash flow projections. Cash flows are taken to occur at the end of each period.

To reflect the time value of money, annual net cash flow (NCF) projections are discounted back to the Project valuation date using the yearly discount rate. The discount rate appropriate to a specific project can depend on many factors, including the type of commodity, the cost of capital for the firm, and the level of project risks (e.g. market risk,

 

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technical risk and political risk) in comparison to the expected return from the equity and money markets. The base case discount rate for this technical report is 5%, which has been commonly used to evaluate gold projects in Canada recently. The discounted present values of the cash flows are summed to arrive at the Project’s net present value (NPV).

In addition to the NPV, the internal rate of return (IRR) and the payback period are also calculated. The IRR is defined as the discount rate that results in an NPV equal to zero. The payback period is calculated as the time required to achieve positive cumulative cash flow for the Project from the start of production.

 

22.3

Basis of Analysis

The financial analysis was based on:

 

 

 

royalty rates as described in Section 4,

 

 

 

the subset of the Mineral Resource disclosed in Section 14, defined as Mineral Reserves as included in the mine plan presented in Section 15,

 

 

 

the mine plan described in Section 16,

 

 

 

mill feed treated in the process plant described in Section 17,

 

 

 

support from the projected infrastructure requirements outlined in Section 18,

 

 

 

doré marketing assumptions described in Section 19,

 

 

 

permitting, social and environmental regime discussions in Section 20, and

 

 

 

capital and operating cost estimates detailed in Section 21.

 

22.3.1

Metal Pricing

For the purposes of the financial analysis, the assumed gold price for the LOM is US$1,250/oz. The gold price was the consensus forecast of the following sources: bank analysts’ long-term forecasts; historical metal price averages; and prices used in recent publicly-disclosed comparable studies.

 

22.3.2

Exchange Rate

For the purpose of the capex, opex and financial analysis, the assumed USD/CAD exchange rate for the LOM is 1.30. The exchange rate was the consensus forecast of the following sources: bank analysts’ long-term forecasts; historical exchange rate averages; and prices used in recent publicly-disclosed comparable studies.

 

22.3.3

Transport, Insurance and Refining

The doré will be picked up from site and delivered by the Royal Canadian Mint to their refinery in Ottawa. An indicative quote for transportation, insurance and refining was

 

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received from the Mint estimating costs at approximately $1.75/oz, which has been used in the cashflow model for the project.

 

22.3.4

Working Capital

Working capital modelling cash outflow and inflows are included in the model. The calculations are based on the assumptions that accounts payable will be paid within 45 days and accounts receivable received within 30 days, with an additional allowance for $15 M in materials and supplies inventory. Initial working capital is estimated at approximately $31 M in the first year of production.

 

22.3.5

Royalties

The royalties’ base and rates are presented in Section 4.3 of the Report. Royalties range from 0% to a maximum of 1.5% depending on the source of the ore within the pit. They amount to approximately $65 M over the life of the Project.

 

22.3.6

Tax

Taxation considerations included in the financial model comprise Provincial and Federal corporate income taxes and Ontario Mineral taxes. The following discussion outlines the main Federal and Provincial taxation considerations used in the economic model as provided by IAMGOLD:

 

 

 

On a non-discounted basis LOM, the model provides for $459 M of Federal and Provincial income taxes, and $188 M of Ontario Mineral Tax

 

 

 

Income tax is payable to the federal government of Canada, pursuant to the Income Tax Act (Canada). The applicable federal income tax rate is 15% of taxable income;

 

 

 

Income tax is payable to the province of Ontario at a tax rate of 10% of taxable income, which includes the manufacturing and processing tax credit. Ontario income tax is administered by the Canada Revenue Agency and, since 2008, Ontario’s definition of taxable income is fully harmonized with the federal definition;

 

 

 

Ontario Mining Tax (“OMT”) is levied at a rate of 10% on taxable profit in excess of C$500,000 derived from mining operations in Ontario. OMT is deductible in calculating federal income tax and a similar resource allowance is available as a deduction in calculating Ontario income tax. OMT is not affected by harmonization; accordingly, it is administered provincially by Ontario;

 

 

 

The combined effect on the Project of the three levels of taxation, including the elements described above, is a cumulative effective tax rate (based on Federal taxable income) of 35%, based on net taxable income.

The tax calculations are underpinned by the following key assumptions:

 

 

 

The Project is held 100% by a corporate entity and the after-tax analysis does not attempt to reflect any future changes in corporate structure or property ownership;

 

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Payments projected relating to NSR royalties, as applicable, are allowed as a deduction for federal and provincial income tax purposes, but are added back for provincial mining tax purposes;

 

 

 

Actual taxes payable will be affected by corporate activities, and future tax benefits have not been considered; and

Past project expenses are carried within tax pools used within the model and applied against future cashflows as follows:

 

 

 

Non-capital losses US$79 M,

 

 

 

Undepreciated capital costs US$7 M,

 

 

 

Canadian Exploration Expense (CEE) US$49.6 M, and

 

 

 

Canadian Development Expense (CDE) US$73.6 M.

 

22.3.7

Financing

The model does not include any costs associated with financing other than the capital leases of mining and plant equipment as presented in Section 21.    

 

22.3.8

Inflation

There is no adjustment for inflation in the financial model; all cash flows are based on 2017 US dollars.

 

22.4

Economic Analysis Results

Table 22-1 summarizes the financial results with the base case NPV 5% highlighted. The after-tax NPV 5% is $703M. The after-tax IRR is 14.0%. The after-tax payback of the initial capital investment is estimated to occur 4.5 years after the start of production. Table 22-2 shows the cashflow broken out on an annualized basis.

The LOM total cash cost per ounce is $605/oz Au derived from mining, processing, on-site G&A, refining, doré transportation and insurance, royalties and provincial mining tax costs per ounce payable. The all-in sustaining cost (AISC) per ounce is $689/oz Au derived from total cash costs plus sustaining capital (including interest on capital leases), and reclamation and remediation costs. Note that AISC as reported is based solely on costs associated with this project and does not take into account head office or any other corporate costs not directly associated with this project.

 

 

Table 22-1: Summary – Financial Results

 

Parameter

   Units    Pre-Tax    After-Tax

Cumulative cash flow

   US$ M    2,191    1,544

NPV 5%

   US$ M    1,063    703

NPV 8%

   US$ M    653    393

 

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NPV 10%

   US$ M    447   235

Payback period*

   year    4.3 years   4.5 years

IRR

   %    16.7%   14.0%

*after two years of pre-production

 

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Table 22-2: Financial Model

 

LOGO

 

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22.5

Sensitivity Analysis

A sensitivity analysis was performed on the base case NPV after taxes to examine the sensitivity to gold price, operating costs, capital costs (including sustaining), gold head grade and USD/CAD exchange rate. The results of the sensitivity analysis are shown in Figure 22-1 for the after-tax scenario.

In the pre-tax and after tax evaluations, the Project is most sensitive to changes in gold price and gold head grade, and less sensitive to changes in exchange rate, operating costs and capital costs.

Gold head grade is not presented in the sensitivity graph because the impact of changes in the gold grade mirror the impact of changes in the gold price.

Figure 22-1: NPV Sensitivity Analysis

 

LOGO

 

22.6

Comments

Under the assumptions presented in this Report, the Project demonstrates positive economics. The after-tax NPV at a 5% discount rate is $703 million. The after-tax IRR is 14.0%. The after-tax payback of the initial capital investment is estimated to occur 4.5 years after the start of production.

The LOM total cash cost per ounce is $605/oz Au derived from mining, processing, on-site G&A, refining, doré transportation and insurance, royalties and provincial mining tax costs per ounce payable. The all-in sustaining cost (AISC) per ounce is $689/oz Au derived from total cash costs plus sustaining capital (including interest on capital leases), and reclamation and remediation costs. Note that AISC as reported is based solely on costs associated with this project and does not take into account head office or any other corporate costs not directly associated with this project.

 

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In the pre-tax and after tax evaluations, the Project is most sensitive to changes in gold price and gold head grade, and less sensitive to changes in mill recovery and operating and capital costs from the factors that were evaluated.

 

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23.0

ADJACENT PROPERTIES

There are no adjacent properties to describe in the context of the Côté Gold Project.

 

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24.0

OTHER RELEVANT DATA AND INFORMATION

There are no other relevant data or information pertinent to the Report

 

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25.0

INTERPRETATION AND CONCLUSIONS

 

25.1

Summary

The Côté Gold Project shows a positive financial outcome using discounted cashflow modelling and analysis. The PFS identifies additional testwork and analyses required to support more advanced mining studies including Feasibility.

The Project’s initial capital cost is estimated at $1,163 M, or $1,047 M net of capital leases, with a level of accuracy of +25%/-20%, including capital leases on mobile and larger process equipment. Sustaining costs and operating costs over the LOM are estimated to total $418M and $3,025 M, respectively. Reclamation and closure costs are estimated at $40 M.

After-tax NPV over the LOM is $703 M at a 5% discount rate, and after-tax IRR is 14.0%. The after-tax payback period of the initial capital investment is estimated at 4.5 years after the start of production.

 

25.2

Mineral Tenure, Surface Rights and Royalties

Surface rights, mineral title and royalty data as of the effective date of the report are materially complete and considered sufficient to support mine planning at the PFS level. It is reasonable to assume that surface rights to construct infrastructure, such as powerlines and tailings storage facilities, can be obtained.

 

25.3

Exploration

Exploration activities by Trelawney Mining & Exploration Inc. resulted in the discovery of the Côté Gold deposit, interpreted as an intrusion-related deposit exhibiting alteration characteristics similar to porphyry-type gold deposits.

Once the deposit was discovered, efforts shifted to definition drilling on 50 m centres, with a small portion on 25 m centres. In addition, detailed geological mapping, core re-logging, an in-hole televiewer survey, and alteration studies were completed to gain a better understanding of deposit geology, and to support the Mineral Resource estimation.

Exploration activities outside the Côté Gold deposit area were undertaken as part of a multi-year program initiated in 2013. Numerous gold showings were documented, both within the host CIC, and in the surrounding volcanic/sedimentary units of the South Swayze greenstone belt. Regional exploration work was completed to evaluate many of the highest-priority targets for potentially economic bulk tonnage intrusion-hosted gold deposits, and for higher-grade structurally controlled orogenic or shear-hosted gold mineralization.

 

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Exploration work continues outside the immediate area of the Côté Gold deposit, and detailed geological and data studies and interpretation are ongoing on the deposit. The Côté Gold deposit remains open at depth.

 

25.4

Geology and Mineralization

Knowledge of the deposit settings, lithologies, mineralization and alteration controls on gold grades is sufficient to support a Mineral Resource estimate, and can support preliminary mine planning at the PFS level. Geological interpretation was simplified to accommodate the complexity of the geology, and does not reflect the multiple mineralization trends observed. The result is a reasonable resource estimation, but local grade uncertainties likely remain.

 

25.5

Drilling

The location, orientation, and spacing of the drillholes are sufficient to support Mineral Resource estimation and preliminary mine planning at the PFS level.

 

25.6

Sampling and Assaying

The quality of the lithological, collar and downhole survey data collected, as well as, the gold analytical data is sufficiently reliable to support Mineral Resource estimation without limitations on confidence categories.

RPA reviewed the QA/QC protocols and performance of the blank, CRM, and check assay samples. The overall results do not show significant bias or contamination. RPA is of the opinion that the QA/QC procedures are reasonable and conform to standard industry practice.

 

25.7

Data Verification

A reasonable level of verification has been completed to date and the Mineral Resource estimates, preliminary mine planning, and process design can be supported by the data collected.

 

25.8

Metallurgical Testwork

Metallurgical testwork supports the selection of conventional crushing, HPGR, grinding and CIP as appropriate. The testwork was performed on samples that are considered representative of the mineralization early on and throughout the LOM, for a PFS level of study.

Testwork indicates that recoveries do not have a strong correlatation with head grade and lithology, but are impacted by grinding time (particle size). Testwork done at the specified

 

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grind of approximately 100 microns has been consistent with the opportunity to decrease variance in results by increasing cyanidation residence time.

 

25.9

Mineral Resource Estimation

The Project is located in the Chester township area, in the Swayze greenstone belt, in the southwestern extension of the Abitibi greenstone belt of the Superior Province. The Côté Gold deposit has been interpreted as a porphyry-type gold mineralizing system.

The main mineralized domains identified at Côté Gold deposit are consistent with a medium to strong hydrothermal alteration and breccias. Two mineralized breccia wireframes separated by a fault were modelled, as well as the fault domain with localized mineralization.

RPA prepared an updated resource estimate for the Côté Gold Project as of May 26, 2017. The current Mineral Resource estimate is based on open pit mining methods and includes 281.2 Mt at an average grade of 0.89 g/t Au, containing 8.04 Moz in the Indicated category. There is an additional 76.5 Mt at an average grade of 0.50 g/t Au, containing 1.23 Moz in the Inferred category.

This Mineral Resource estimate was completed using Geovia GEMS 6.7 software. A 3D geological model was built and used to constrain and populate a resource block model. The estimate was based on the inverse distance cubed (ID3) interpolation method. The Mineral Resource is reported at a cut-off grade of 0.3 g/t Au and at a gold price of $1,500 per ounce. High grade gold assays were capped at grades ranging from 6 g/t to 40 g/t depending on domain. The Mineral Resource estimate was constrained by a preliminary pit optimization shell.

The current estimate represents a refinement of the 2015 estimate, benefiting from a revised geological interpretation of the main mineralized wireframes, as well as revised density assignment by lithology, revised capping grade, adjusted interpolation parameters, and smaller block size. Compared to the December 2015 estimate, Indicated Resources have decreased slightly by approximately 4% in contained ounces (almost 3% tonnage loss and 1% grade reduction), mostly as a result of the new Breccia domains interpretation. The Inferred Resources show a 5% increase (13% tonnage increase and 9% grade reduction).

 

25.10

Mine Planning

Amec Foster Wheeler selected conventional open-pit mining because of the deposit’s geometry and proximity to surface. An owner-operated and maintained fleet has been specified, with outside providers supporting mine operations.

The PFS mine plan is based on Probable Mineral Reserves resulting from modifying factors being applied to a subset of the Indicated Mineral Resource estimates. The pit will operate for 19 years, including one year to provide rock fill for the TSF construction and one year of pre-stripping, plus 1 additional year of stockpile feed.

 

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25.11

Recovery Plan

The process circuits for recovering the gold as doré will include primary crushing, secondary crushing, HPGR, ball milling, gravity concentration and cyanide leaching, followed by gold recovery by CIP, carbon stripping and EW. The plant throughput will be 32,000 tpd. Tailings handling will incorporate cyanide destruction and tailings thickening before placement of tailings within the TMF.

 

25.12

Infrastructure

The major infrastructure items will include:

 

 

 

Watercourse realignment dams and channels;

 

 

 

a New Lake to be created to compensate the loss of Côté Lake;

 

 

 

a tailings management facility (TMF);

 

 

 

storm / mine water, polishing and tailings reclaim ponds;

 

 

 

collection, surplus water discharge, and dispersion systems;

 

 

 

a permanent camp;

 

 

 

an emulsion plant;

 

 

 

site power supply and distribution;

 

 

 

workshop, offices, facilities and other services;

 

 

 

a 12 km, two-lane gravel access road from the nearest highway; and

 

 

 

an upgraded existing transmission line from Timmins to Shining Tree Junction and a new 44 km-long 115 kV electrical power transmission line from Shining Tree Junction to the project site.

The TMF will store approximately 200 Mt of tailings solids. Tailings will be thickened with solids concentration in slurry at 60 to 62%. Tailings storage will be by a series of perimeter embankment dams, raised in stages and constructed of mine rock and locally borrowed materails. Solids will be settled in the TMF, with some water retained in the voids. The TMF will be developed in stages for better water management and water balance.

A series of dams and watercourse realignment channels will redirect water around the mine facilities, enabling dewatering and isolation of the open pit.

Power will be supplied by reconductoring the existing T2R circuit between Timmins and Shining Tree Junction (~117 km) and installing a new 44-km, 115-kV electrical transmission line from Shining Tree to the mine site.

 

25.13

Marketing

Gold doré bullion is typically sold through commercial banks and metals traders with sales price obtained from the World Spot or London fixes. These contracts are easily transacted, and standard terms apply. IAMGOLD expects that the terms of any sales contracts would

 

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be typical of, and consistent with, standard industry practices, and would be similar to contracts for the supply of gold doré elsewhere in Canada. Limited additional effort is required to develop the doré marketing strategy. Metal prices are based on consensus long-term prices from banks and analysts and historical price data.

IAMGOLD has received indicative pricing for refining arrangements with the Royal Canadian Mint in Ottawa, Canada.

 

25.14

Environmental, Permitting and Social Licence

After application of the proposed mitigation measures contemplated in the 2015 EA mine design, which is not substantially different from the configuration described in this PFS, no potential environmental effects appear to pose significant barriers to issuing permits. Additional baseline studies within the boundaries of the new TMF and Topsoil / Overburden Stockpile, as presented in this PFS, and an update to the Environmental Effects Review, are to be completed for submission to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) in Autumn 2017, to inform the regulatory agencies of changes/improvements to the EA. Upon federal and provincial approval of the updated EER, a number of provincial environmental approvals will be required to construct and operate the Project, but are not anticipated to pose any significant challenges to Project development.

IAMGOLD has actively engaged local and regional communities, and other stakeholders, to gain a better understanding of their issues and interests, identify potential partnerships, and gain the social licence to operate.

 

25.15

Capital Costs

The Project’s initial capital cost, including mine pre-production, is estimated at $1,163 M, or $1,047 M net of capital leases. This estimate was prepared in accordance with the AACE Class 4 Estimate with an expected accuracy of +25%/-20% of final project cost.

Sustaining costs over the LOM are estimated at $418 M. Reclamation and closure costs are estimated at $40 M.

 

25.16

Operating Costs

Operating costs over the LOM are estimated at $3,025 M, equivalent to an average operating cost of $15.40/t of material processed.

Operating costs were developed from first principles and vendor quotations, and benchmarked against similar projects.

 

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25.17

Financial Analysis

Under the assumptions presented in this report, the Côté Gold Project shows positive economic returns. After-tax NPV over the estimated LOM is $703 M at a 5% discount rate, and after-tax IRR is 14.0%. The after-tax payback period of the initial capital investment is estimated at 4.5 years after the start of production.

The LOM total cash cost per ounce is $605/oz Au derived from mining, processing, on-site G&A, refining, doré transportation and insurance, royalties and provincial mining tax costs per ounce payable. The all-in sustaining cost (AISC) per ounce is $689/oz Au derived from total cash costs plus sustaining capital (including interest on capital leases), and reclamation and remediation costs. Note that AISC as reported is based solely on costs associated with this project and does not take into account head office or any other corporate costs not directly associated with this project.

 

25.18

Risk Analysis

 

25.18.1

Resource Estimates

Geological modelling and resource estimation requires interpretation of a complex geological and mineralizing system and the interpretations could change with additional drilling and exposure during mining. This could affect the estimated grades and continuity of the mineralization, affecting the resource classification and mine plan. This could result in unexpected differences in the estimated grades that could affect the gold production and cash flows.

 

25.18.2

Mine Design

The Côté Gold mine design is subject to the types of risks common to open gold mining operations that exist in Ontario. The risks are reasonably well understood at the Prefeasibility level of study, and should be manageable. Proper management of groundwater will be important in maintaining pit slope stability.

 

25.18.3

Process Design

There may be unexpected metallurgical variability that could change the assumed metallurgical performance of the process plant which could in turn affect the assumed metallurgical recovery, throughput rate, and process costs. These types of risks are common to mining projects and can be mitigated through appropriate metallurgical testwork and modelling, stockpile management and minor changes to the process plant.

The presence of silica and other forms of dust hazard may create the need for enclosed facilities and appropriate dust control.

 

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The periodic presence of coarse gold may not be totally captured by the gravity recovery equipment and it may be necessary to extend retention time to achieve optimal recovery.

The full level of variability may not have been captured in testwork; if adverse conditions are encountered this could lead to a moderate reduction in throughput or a moderate decrease in recovery.

Freezing of crushed material may occur in the coarse ore stockpile during times when the temperatures are extremely cold (-20 degrees Celsius). Although the design does take into account the climatic conditions, there is no guarantee that there will not be issues in materials handling.

 

25.18.4

Other Risks

Other risks to the projected economic outcomes include:

 

 

 

Costs may be higher than assumed at time of mine construction and during operation.

 

 

 

Electrical grid power may not always be sufficient during mine operation and require additional capital and operating costs to access a reliable alternative supply.

 

 

 

Permit requirements and/or regulator review/approval periods can cause delays in commencement of construction and operations, and require additional capital and operating costs to operate within specifications.

 

 

 

Like any mine, global market factors can adversely influence the value of the project. This project would be impacted by a change in the price of gold and the USD/CAD exchange rate from the financial analysis assumptions.

 

25.19

Conclusions

The Côté Gold Project shows a positive financial return and supports a decision to proceed to feasibility level studies.

 

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26.0

RECOMMENDATIONS

 

26.1

Summary

Amec Foster Wheeler recommends performing the fieldwork, testing and analyses summarized in Table 26-1. The PFS recommended the completion of a feasibility study to validate and detail the elements of the development concept set out in the PFS, and which would include additional drilling, engineering studies and environmental studies, including hydrological, hydrogeological and geotechnical analyses.

Table 26-1: Recommended Work Program

 

Area

  

Description

Sample Preparation, Analysis and

Security

  

•    Use Nomograms prepared by AGORATEK (2017) and the various corresponding options to dimension the preparation optimally in a trade-off between costs and representativeness of assay results.

Drilling/

Resource Estimating

  

•    Strip, map, and channel sample new outcrops in strategic areas.

 

•    Take continuous channel samples from existing outcrop exposures and in multiple directions in some areas.

 

•    Build a structural model using the outcrop and drilling data.

 

•    Drill more holes in shallower areas with good potential for conversion to Indicated.

 

•    Use soft boundaries and new search ellipsoids for the Fault Domain where it is in direct contact with the Breccia N and S domains.

 

•    Investigate optimum grade control drilling procedures.

Metallurgical Sampling
and Testing

  

•    Test additional domain and point composites to address geometallurgical variability for both HPGR and cyanidation testwork.

 

•    Further testwork is required to optimize downstream conditions after HPGR processing.

 

•    Additional mineralogy is advised.

 

•    Additional Atwal or vendor specific wear testing is advised.

 

•    Bin flow testwork be performed.

Mining Methods

  

•    Perform a kinematic stability check of pit walls that have changed in orientation to confirm that initial recommendations are still valid.

 

•    Update and evaluate the kriged, or Inverse Distance Weighting, of the RQD data within the block model. Input the revised pit design into the block model and develop appropriate two dimensional cross sections through each sector of the proposed pit.

 

•    Determine appropriate rock mass strengths for each major rock type, and the faults using acceptable methods and apply to each rock type or RQD zone within the updated model.

 

•    Perform two dimensional limit equilibrium and or finite element (shear stress reduction) analyses to evaluate the slope stability factors of safety for the proposed overall slope angles of each sector of the pit.

 

•    Update and complete the pit design for the final pit based on the results obtained.

 

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•    Begin mining with manned haulage and using a fleet management system (FMS). After the mine has achieved sustained planned production supplement FMS with other components of Automated Haulage System (AHS) with the goal of becoming fully autonomous.

 

•    Complete a trade-off analysis for contracting or owner performing the preproduction mining.

 

•    Assess owner maintenance versus a full or partial maintenance and repair contract (MARC).

 

•    Complete blast hole drilling tests to determine production drilling parameters. Engage a blasting consultant to perform tests on the rock to run a fragmentation simulation.

 

•    Continued investigation into mineralization controls including alteration and structural controls on mineralization and the relationship between the various breccia and alteration types and gold mineralization.

 

•    Completing a simulation on a much bigger area once domaining is improved, an area covering the first five years of production or more.

 

Infrastructure

  

•    Conduct a site specific seismic hazard assessment.

 

•    Install a weather station at the project site.

 

•    Commence a test pitting program associated with site infrastructure to confirm design assumptions prior to finalizing infrastructure layout.

 

•    Continue studies assocated with the project’s electrical power requirements including advancement of the System Impact Assessment.

 

•    Conduct additional LiDAR surveys.

 

•    Perform additional geotechnical field investigations to further characterize the site and support the feasibility design.

 

•    Conduct a focused field program to understand the two fault zones through the TMF.

 

•    Conduct a field investigation for a low permeability till borrow material source.

 

•    Conduct additional laboratory testwork to determine tailings properties to support design assumptions, TMF sizing and environmental impact.

 

•    Conduct a study for the TMF and water management systems to optimize the design and construction requirements for the dams and water channels including an analysis of stability, determine tailings liquefaction potential and foundation materials, seepage rates and water intake and effluent discharge locations.

 

•    Prepare a detailed hydrological analysis and water balance for the project.

 

•    Complete a Connection Cost Estimate Agreement with Hydro One to prepare a detailed estimate, which will take approximately 12 months and cost C$500k, and conduct a System Impact Assessment.

 

Infrastructure Claims and Leases

  

•    Obtain necessary leases and rights of way to support the project infrastructure requirements.

 

Environment

  

•    Update the current environmental baseline monitoring program to reflect recent layout changes.

 

•    Inform regulatory agencies of the changes and improvements relative to the EA submission.

 

•    Update and amend technical studies as needed to support permitting.

 

•    Prepare and submit required permit applications to allow sufficient time for regulator review/approval and commencement of required construction activities..

 

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26.2

Sample Preparation, Analysis and Security

QA/QC performed do not show a particular trend or a significant bias, however the CRM failure rate should be addressed in future sampling programs.

Consider using nomograms prepared by Agorateck International Consultants Inc. (AICI, 2017) and the various corresponding options to dimension the preparation optimally in a trade-off between costs and representativeness of assay results.

 

26.3

Metallurgical Testwork

Further testwork and trade-off studies are recommended to advance the project as follows:

Further testwork to optimize grind vs. cyanidation parameters (residence time, cyanide concentration, oxygen usage, at a cost of C$100k apart from sample acquisition costs). Potentially for larger scale continuous tesing, it is recommended that a budget be allocated for this work of approximately C$200k apart from sample acquisition.

Further work in lithology and alteration classification to optimize throughput scheduling is necessary and the metallurgical portion of this work should be budgeted at approximately C$100k.

Further HPGR testwork at both pilot plant and piston test level (at a cost of C$600k apart from sample acquisition costs). It should also be possible to conduct materials mass flow testing which may cost an additional C$200k.

It was found that in the new cyanidation testwork that some of the tailings assays were at a lower level than measurable with the procedure used. Some of this testwork will need to be replicated using higher mass assay weights to ensure high levels of accuracy in the testwork. A budget of C$100k should be allocated for this work.

In addition to testing, it is recommended that trade-off studies be conducted to further plant optimization. This would be part of the next phase of engineering and would likely cost C$200k to examine various opportunities present.

The total cost for the proposed metallurgical testwork is estimated to be approximately C$1.4 M with approximately another C$1.0 M allocated for sample acquisition through drilling.

 

26.4

Mineral Resource Estimate

The mineral resource estimate result is a reasonable resource estimation, but local grade uncertainties likely remain. To improve geological controls on mineralization and to upgrade near surface Inferred Resources, RPA makes the following recommendations:

 

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Strip, and map, and channel sample new outcrops in areas covered by thin overburden in strategic areas (6,000 m, C$1,2M).

 

 

 

Take continuous channel samples from existing outcrop exposures and in multiple directions in some areas.

 

 

 

Build a structural model using the outcrop and drilling data.

 

 

 

Drill more holes in shallower Inferred areas with good potential for conversion to Indicated (20,000 m, C$3.5 M)

 

 

 

Use soft boundaries and new search ellipsoids for the Fault Domain where it is in direct contact with the Breccia N and S domains.

The cost of this work is estimated at C$4.7 M.

 

26.5

Mining Methods

 

26.5.1

Geotechnical

 

 

 

Perform a kinematic stability check of pit walls that have changed in orientation to confirm that initial recommendations are still valid.

 

 

 

Update and evaluate the kriged, or Inverse Distance Weighting, of the RQD data within the block model. Input the revised pit design into the block model and develop appropriate two dimensional cross sections through each sector of the proposed pit.

 

 

 

Determine appropriate rock mass strengths for each major rock type, and the faults using acceptable methods and apply to each rock type or RQD zone within the updated model.

 

 

 

Perform two dimensional limit equilibrium and or finite element (shear stress reduction) analyses to evaluate the slope stability factors of safety for the proposed overall slope angles of each sector of the pit.

 

 

 

Update and complete the pit design for the final pit based on the results obtained.

The estimated cost of the recommended work is C$205,000.

 

26.5.2

Suitability of Resource Estimate to Support Mine Plan

In addition to RPA’s recommendations for the Mineral Resources, Amec Foster Wheeler recommends:

 

 

 

Continued investigation into the relationship between the various breccia and alteration types and gold mineralization. Before initiating these studies a careful review of logged lithology and alteration should be completed. Metallurgical sampling may also provide guidance on how the individual alteration observations can be grouped into assemblages. Lithology and alteration logging accuracy and

 

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consistency should be confirmed by visual re-logging and spectral logging. Simulations or implicit modeling of multi-element ICP data may assist in the identification of alteration domains and structural controls.

 

 

 

Completing a simulation on a much bigger area once domaining is improved (e.g. an area covering the first five years of production or more); applying diglines on simulated results that reflect reasonably well anticipated digging practice; and using the simulated “ground truth”, the long-term estimated resource model, and the simulated grade control models and diglines to anticipate reconciliation factors. Amec Foster Wheeler also recommends completing an optimum SMU study by re-blocking the simulation to various SMU sizes and assessing the different SMU size impact on both recovered tonnes and grade above an economical cut-off grade and associated mining costs.

The estimated cost of the recommended work is C$100,000.

 

26.5.3

Mine Planning

 

 

 

Amec Foster Wheeler recommends starting the Côté Gold operation with manned haulage and a fleet management system (FMS). During Year 1 of operations and after the mine has achieved sustained planned production, Amec Foster Wheeler recommends supplementing FMS with other components of Automated Haulage System (AHS) with the goal of becoming fully autonomous by year 5, prior to planned truck purchases in Year 6. As this recommendation would be implemented during the production stage, no immediate costs for this will be incurred.

 

 

 

Complete a trade-off analysis for contracting or owner performing the preproduction mining. The estimated cost of this trade-off study is C$15,000.

 

 

 

Assess owner maintenance versus a full or partial maintenance and repair contract (MARC). The estimated cost of this trade-off study is C$15,000.

 

 

 

Complete blast hole drilling tests to determine production drilling parameters. Engage a blasting consultant to perform tests on the rock to run a fragmentation simulation C$50,000.

The estimated cost of mine planning work is C$80,000.

 

26.6

Infrastructure

 

26.6.1

General

The following general recommendations are made:

 

 

 

Conduct a site specific seismic hazard assessment;

 

 

 

Install a weather station at the project site; and

 

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Commence a test pitting program associated with site infrastructure to ensure site conditions are acceptable prior to finalizing infrastructure layout.

The cost of this work is estimated at C$0.15 M.

 

26.6.2

Tailings and Water Management

The following describes specific field and laboratory programs and activities for the TMF and water management systems for the next study stage:

 

 

 

Additional LiDAR Survey to fill in some gaps / missing contour areas, south and west of TMF within the watercourse realignment channel drainage basin. The survey will also help to smoothen the current inconsistent contours and obtain updated shorelines of waterbodies in those areas.

 

 

 

Additional geotechnical field investigations with trenching and pitting, drilling and monitoring instrumentation will be carried out to further characterize the site and support the feasibility design of the following:

 

 

 

Dam foundation conditions and preparation requirements, including, mine water pond, TMF, MRA, polishing pond, open pit and stream crossing dams;

 

 

 

Subsurface excavation and bedrock grouting requirements;

 

 

 

The seepage interception system, north of the reclaim pond to characterize the subsurface conditions for the mitigation design;

 

 

 

Watercourse realignment channels, and

 

 

 

Topsoil / Overburden Stockpiles and sedimentation ponds.

 

 

 

A field program to understand the two fault zones through the TMF; one with east-west trending and the other with sub-south-north trending in terms of their extent, characteristics and potential impact on the TMF. This will be performed via:

 

 

 

Drilling angled boreholes at particular locations;

 

 

 

Conducting in-situ Packer permeability testing;

 

 

 

monitoring equipment installation;

 

 

 

Geophysical surveys; and

 

 

 

Laboratory testwork.

 

 

 

A field investigation for low permeability till borrow material source;

 

 

 

Additional laboratory testwork to determine settled and consolidated tailings density and drainage properties, to support design assumptions, TMF sizing and environmental impact.

The following describes study and design work for the TMF and water management systems recommended in the next study stage:

 

 

 

Optimization of dam and realignment channel location and geometry, considering fish habitat requirements;

 

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Optimization of dams and channel construction methods,

 

 

 

Improvement of fill material and quantity requirements and cost estimates.

 

 

 

Detailed engineering analyses for stability, liquefaction potential of tailings and foundation materials, and seepage estimates.

 

 

 

Detailed hydrologic/hydrogeological analysis and water balance for the project as a whole, to determine water intake and discharge requirements.

 

 

 

Confirmation of the current effluent discharge location, with the aim of minimizing environmental effects and maximizing operational flexibility.

The cost of third party expenditures are estimated at C$0.80 M whereas the cost of design / study work is estimated at C$2.00 M.

 

26.6.3

Electrical Power Supply

IAMGOLD is recommended to engage Hydro One in a Connection Cost Estimation Agreement to produce a detailed cost estimate of re-conductoring the T2R line between Timmins and Shining Tree at a cost of C$0.5 M, consult with private contractors for installation of the 44km tap line between site and Shining Tree, and engage the Independent Electricity System Operator (The IESO) to advance the System Impact Assessment (SIA). This will enable an in-depth evaluation of specific requirements that may result from the Technical Feasibility Study (FS) in progress by the IESO, with particular attention to the short circuit levels available at the point of interconnection, protection, control, and communication requirements from Hydro One.

The cost of this work is estimated at C$0.750 M

 

26.6.4

Infrastructure Claims and Leases

There are a certain number of claims that are patented claims or unpatented claims converted in Mining Leases (or ready for final registration at the MNDM registry). With the size of the infrastructure, a number of additional Leases are required and the following additional work must be undertaken to ensure the project is not delayed due to incomplete permitting. The costs of getting all the necessary leases and rights of way in place include:

 

 

 

Mining claims’ surveys supervision and management by an Ontario Land Surveyor including title review, pre-calculation for field pick-up, data processing and plan preparation and filing to the Land Registry;

 

 

 

Field survey as per Surveys Instructions received from MNDM, additional retracement of pre-existing claims

 

 

 

Property Consolidation

The cost of this work is estimated at C$0.635 M.

 

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26.7

Environmental

IAMGOLD is obliged to update federal and provincial authorities regarding major Project changes. This will require the following activities:

 

 

 

Update the current environmental baseline monitoring program to reflect recent layout changes, particularly within the boundaries of the new TMF and Topsoil / Overburden Stockpile locations

 

 

 

Inform regulatory agencies of the changes and improvements relative to the EA submission

 

 

 

Update and amend technical studies as needed to support permitting

 

 

 

Prepare and submit required permit applications shortly following provincial and federal approval of the updated Environmental Effects Review to allow sufficient time for regulator review/approval and commencement of required construction activities.

The cost of this work is estimated at C$1.785M.

 

26.8

Summary

The total cost of the preparatory work recommended prior to a detailed study at the feasibility level is shown in Table 26-2 and estimated to be approximately C$13.62 M.

Table 26-2: Cost Estimates – PF Preparatory Work

 

Area

   Estimated Costs (C$ M)  

Metallurgical testwork (incl. met drilling)

     2.40  

Mineral resource estimates (incl. drilling & trenching)

     4.70  

Mining Methods

     0.39  

General Infrastructure

     0.15  

Tailings and water management

     2.80  

Electrical power supply

     0.75  

Infrastructure Claims and Leases

     0.64  

Environmental

     1.79  
  

 

 

 

Total

     13.62  
  

 

 

 

 

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27.0

GLOSSARY

Abbreviations and Acronyms

 

AANCD

  

Aboriginal Affairs and Northern Development Canada

ARD

  

Acid Rock Drainage ARP Advanced royalty payment

CDA

  

Canadian Dam Association

CEAA

  

Canadian Environmental Assessment Act

CIC

  

Chester Intrusive Complex

CIP

  

carbon-in-pulp

CIM

  

Canadian Institute of Mining, Metallurgy and Petroleum

CN

  

Canadian National Railway Company

COS

  

coarse ore stockpile

CRM

  

Certified Reference Materials

CV

  

coefficients of variation

CWQGs

  

Canadian Water Quality Guidelines

DCF

  

discounted cash flow

EA

  

Environmental Assessment

EM

  

electromagnetic

EPCM

  

engineering, procurement and construction management

ESA

  

Endangered Species Act [Ontario]

EW

  

electro-winning

FEL

  

front-end loader

G&A

  

General and administrative

GRG

  

extended gravity recoverable gold

HONI

  

Hydro One Networks Inc.

HDPE

  

high-density polyethylene

HLEM

  

horizontal lop electromagnetic

HPGR

  

high-pressure grinding roll

IP

  

induced polarization

IO

  

Infrastructure Ontario

IRR

  

internal rate of return

LEL

  

lowest effect level

LG

  

Lerchs-Grossmann

LOM

  

life of mine

MNDM

  

Ministry of Northern Development and Mines [Ontario]

MNDMF

  

Ministry of Northern Development, Mines and Forestry [Ontario]

MNRF

  

Ministry of Natural Resources and Forestry [Ontario]

MOECC

  

Ministry of the Environment and Climate Change [Ontario]

MRA

  

mine rock area

MTCS

  

Ministry of Tourism, Culture and Sport [Ontario]

MTO

  

Ministry of Transportation of Ontario

MTOs

  

material take-offs

NCF

  

net cash flow

NPI

  

net profits interest

NPV

  

net present value

NSR

  

net smelter return

O/S

  

oversize

 

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ODWSs

  

Ontario Drinking Water Standards

OEB

  

Ontario Energy Board

OGS

  

Ontario Geological Survey

OMT

  

Ontario Mining Tax

PEA

  

Preliminary Economic Assessment

PP

  

preproduction

PSQG

  

Provincial Sediment Quality Guidelines

PWQO

  

Provincial Water Quality Objectives [Ontario]

QA

  

quality assurance

QC

  

quality control

QP

  

Qualified Person

ROM

  

run of mine

RQD

  

rock quality designation

RTD

  

rubber-tired dozer

SAG

  

semi-autogenous grinding

SARA

  

Species at Risk Act [Canada]

SEL

  

severe effect level

SMC

  

SAG mill comminution

SMU

  

selective mining unit

SWIR

  

short-wave infrared

TBC

  

to be confirmed

TMF

  

tailings management facility

UTM

  

Universal Transverse Mercator

VFD

  

variable frequency drive

VLF

  

very low frequency

WBS

  

work breakdown structure

WOL

  

whole-ore leach

 

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Units of Measure

 

a

  

annum

  

m

  

meter

A

  

ampere

  

M

  

mega (million);

     

m2

  

square meter

btu

  

British thermal units

  

m3

  

cubic meter

     

µ

  

micron

ºC

  

degree Celsius

  

masl

  

meters above sea level

C$

  

Canadian dollars

  

µg

  

microgram

cal

  

calorie

  

m3/h

  

cubic meters per hour

cfm

  

cubic feet per minute

  

mi

  

mile

cm

  

centimeter

  

min

  

minute

cm2

  

square centimeter

  

µm

  

micrometer

     

mm

  

millimeter

d

  

day

  

mph

  

miles per hour

dmt

  

dry metric tonne

  

MVA

  

megavolt-amperes

dwt

  

dead-weight ton

  

MW

  

megawatt

     

MWh

  

megawatt-hour

ft

  

feet

     
     

oz

  

Troy ounce (31.1035g)

g

  

gram

     

G

  

giga (billion)

  

ppb

  

part per billion

g/L

  

gram per litre

  

ppm

  

part per million

g/t

  

gram per tonne

     
     

s

  

second

ha

  

hectare

  

st

  

short ton

hp

  

horsepower

  

stpa

  

short ton per year

hr

  

hour

  

stpd

  

short ton per day

Hz

  

hertz

  

t

  

metric tonne

     

tph

  

Metric tonne per hour

J

  

joule

  

tpa

  

metric tonne per year

     

tpd

  

metric tonne per day

k

  

kilo (thousand)

     

kcal

  

kilocalorie

  

US$

  

United States dollar

kg

  

kilogram

     

km

  

kilometer

  

V

  

volt

km2

  

square kilometer

     

km/h

  

kilometer per hour

  

W

  

watt

kPa

  

kilopascal

  

wmt

  

wet metric tonne

kVA

  

kilovolt-amperes

  

wt%

  

weight percent

kW

  

kilowatt

     

kWh

  

kilowatt-hour

  

yd3

  

cubic yard

L

  

 

Litre

  

yr

  

year

lb

  

pound

     

L/s

  

litres per second

     

 

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28.0

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Van Breemen, O., Heather, K.B., and Ayer, J.A., 2006: U-Pb geochronology of the Neoarchean Swayze sector of the southern Abitibi greenstone belt; GSC Current Research 2006-F1, 32 p.

Wisser, E., 1960: Relation of Ore Deposits to Doming in the North American Cordillera; G.S.A Memoir 77; 117 p.

Watts, Griffis and McOuat Limited, 1983: The Chester, Benneweis and St. Louis Twps. Property of Murgold Resources Inc; Porcupine Mining Division, District of Sudbury, Ontario; Company Files, Murgold Resources Inc., Toronto.

Zhao, J., MacDonald, J., and Dymov, I., 2011: An Investigation into The Recovery of Gold from the Côté Gold Deposit; prepared for IAMGOLD Corporation by SGS Canada Inc., July 12, 2011; 21 p.

 

Project No. 191659

8 June 2017

  Page 28-7  


  

CERTIFICATE OF QUALIFIED PERSON

 

Antonio Peralta Romero, P.Eng.

400-111 Dunsmuir Street

Vancouver, British Columbia V6B 5W3

   LOGO

I, Antonio Peralta Romero, P.Eng., am employed as a Principal Mining Engineer with Amec Foster Wheeler Americas Limited.

This certificate applies to the technical report titled “NI 43-101 Technical Report on the Prefeasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada,” that has an effective date of 26th May 2017 (the “Technical Report”).

I am a Professional Engineer of The Association of Professional Engineers and Geoscientists of British Columbia. I graduated from the University of Guanajuato in 1984 with a B.S. in Mining Engineering, from Queen’s University in 1991 with a M.Sc. in Mining Engineering, and from Colorado School of Mines in 2007 with a Ph.D. in Mining and Earth Systems Engineering.

I have practiced my profession for 32 years. I have been directly involved in mine planning and design, ore control, production forecasting and management, and slope stability monitoring, mainly for open-pit precious, base metal mines and iron ore mines.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

I have not visited the Côté Gold Property.

I am responsible for sections 1.13, 15, 16, 21.6.2, 25.10, 25.18.2 and 26.5 of the Technical Report.

I am also jointly responsible with others for sections 1.18, 1.23, 18.2.4, 18.2.5, 21.1, 21.2, 21.3, 21.4, 21.5, 25.15, 25.16 and 25.18 of the Technical Report.

I am independent of IAMGOLD Corporation as independence is described by Section 1.5 of NI 43–101.

I was involved with mine design in the Preliminary Economic Assessment for the Côté Gold Project in 2017.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those section of the technical report not misleading.

(Signed and sealed) “Antonio Peralta Romero”

 

 

Antonio Peralta Romero, P.Eng.

Dated: 8 June 2017


  

CERTIFICATE OF QUALIFIED PERSON

 

Bing Wang, Ph.D., P.Eng.

160 Traders Blvd. E., Suite 110

Mississauga, Ontario L4W 3K7

   LOGO

I, Bing Wang, Ph.D., P.Eng., am employed as a Senior Associate, Technical Advisor with Amec Foster Wheeler Environment & Infrastructures, a division of Amec Foster Wheeler Americas Limited.

This certificate applies to the technical report titled “NI 43-101 Technical Report on the Prefeasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada,” that has an effective date of 26th May 2017 (the “Technical Report”).

I am a member of Professional Engineers Ontario (License No.: 90293754). I graduated from McGill University, Montreal, Canada, with Masters of Engineering and Doctor of Philosophy degrees in 1984 and 1990, respectively.

I have practiced my profession for 30 years since graduation. I have been directly involved in the field of geo-environmental engineering with site investigations, scoping, prefeasibility and feasibility studies, detailed design and construction for tailings and water management facilities, including geotechnical assessments and implementations for mining projects in the Canadian Shield.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

The last time I visited the Côté Gold Property was on April 13-14, 2017.

I am responsible for sections 18.2.2, 18.2.3, 21.7 and 26.6.2 of the Technical Report.

I am also jointly responsible with others for sections 1.15, 1.18, 1.23, 2.5, 18.1, 18.2.4, 18.2.5, 21.1, 21.2, 21.3, 21.4, 21.5, 21.6.1, 25.12, 25.15, 25.16 and 26.6.1 of the Technical Report.

I am independent of IAMGOLD Corporation as independence is described by Section 1.5 of NI 43–101.

I have been involved with the Côté Gold Project since May, 2016 as a geotechnical lead. I have had no previous involvement with the Project.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading.

 

(Signed and sealed) “Bing Wang”

 

 

Bing Wang, Ph.D., P.Eng.

 

Dated: 8 June 2017


  

CERTIFICATE OF QUALIFIED PERSON

 

Debbie Dyck, P.Eng.

160 Traders Blvd. E., Suite 110

Mississauga, Ontario L4W 3K7

   LOGO

I, Debbie Dyck, P.Eng., am employed as a Senior Associate Environmental Engineer with Amec Foster Wheeler Environment & Infrastructure, a Division of Amec Foster Wheeler Americas Limited.

This certificate applies to the technical report titled “NI 43-101 Technical Report on the Prefeasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada,” that has an effective date of 26th May 2017 (the “Technical Report”).

I am a Professional Engineer of the Association of Professional Engineers of Ontario. I graduated from the University of Waterloo in 1990.

I have practiced my profession for 26 years. I have been directly involved in environmental studies, and permitting and approvals, including environmental assessments, specifically for the mining sector, for all phases of mine development, from exploration through to closure.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

The last time I visited the Côté Gold Property was on April 13-14, 2017.

I am responsible for sections 1.17, 2.5, 20, 25.14 and 26.7 of the Technical Report.

I am independent of IAMGOLD Corporation as independence is described by Section 1.5 of NI 43–101.

I was involved in the 2015 Environmental Assessment of the Cote Gold Project and the Preliminary Economic Assessment for the Côté Gold Project in 2017.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those section of the technical report not misleading.

 

(Signed and sealed) “Debbie Dyck”

 

 

Debbie Dyck, P.Eng.

 

Dated: 8 June 2017


  

CERTIFICATE OF QUALIFIED PERSON

 

Dustin Smiley,

111 Dunsmuir St., Suite 400

Vancouver, British Columbia, V6B 5W3

   LOGO

I, Dustin Smiley, P. Eng, am employed as a Mining Engineer with Amec Foster Wheeler Americas Limited.

This certificate applies to the technical report titled “NI 43-101 Technical Report on the Prefeasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada,” that has an effective date of 26th May 2017 (the “Technical Report”).

I am a Professional Engineer and member in good standing with the Association of Professional Engineers and Geoscientists of British Columbia, Canada.

I am a graduate of the University of British Columbia in 2008 with a bachelor degree of Applied Science in Mining Engineering with a minor in Commerce.

I have practiced my profession for 10 years in the mining industry. My relevant experience includes cash flow modelling, risk evaluation, financial analysis, marketing studies, mine planning, mining study supervision, mine operations and mine construction.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

I have not visited the Côté Gold Property.

I am responsible for Sections 1.1, 1.2, 1.16, 1.19, 1.20, 1.21, 1.22, 2.0, 2.1, 2.2, 2.3, 2.4, 3, 19, 22, 23, 24, 25.1, 25.13, 25.17, 25.19, 26.1 and 26.8 of the Technical Report.

I am also jointly responsible with others for Sections 21.1, 21.4.1, 21.5, 25.18, 27 and 28 of the Technical Report.

I am independent of IAMGOLD Corporation as independence is described by Section 1.5 of NI 43–101.

I have read NI 43-101 and the sections of the Technical Report that I am responsible for have been prepared in compliance with NI 43-101.

As of the effective date of the Technical Report, to the best of my knowledge, information, and belief, the sections of the Technical Report that I am responsible for contain all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

 

(signed and sealed) “Dustin Smiley”

 

 

Dustin Smiley, P.Eng.

 

Dated: 8 June 2017


  

CERTIFICATE OF QUALIFIED PERSON

 

Ignacy A. Lipiec, P.Eng.

111 Dunsmuir St., Suite 400

Vancouver, British Columbia, V6B 5W3

   LOGO

I, Ignacy A. Lipiec, P.Eng., am employed as the Technical Director, Process – Global Consulting with Amec Foster Wheeler Americas Limited.

This certificate applies to the technical report titled NI 43-101 Technical Report on the Pre-feasibility of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada,” that has an effective date of 26 May 2017, the (“Technical Report”) by IAMGOLD Corporation.

I am a Professional Engineer of The Association of Professional Engineers and Geoscientists of British Columbia and Professional Engineers Ontario. I graduated from the University of British Columbia with a B.A.Sc. from Mining and Mineral Process Engineering in 1985.

I have practiced my profession for 32 years. I have been directly involved in lab testwork and supervision, mill construction, commissioning and operation, and in studies and detailed engineering for mineral processing plants. My experience has primarily been in base and precious metals handling unit operations design from crushing to tailings deposition.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

I have not visited the Côté Gold Property. I have visited the facilities where testwork was performed at the University of British Columbia in Vancouver, Canada on January 16, 2017, and also visited and reviewed work performed at COREM in Quebec City, Canada on March 9-10, 2017.

I am responsible for sections of the Technical Report. These are 1.11, 1.14, 13, 17, 18.2.7, 21.6.3, 21.6.4, 25.8, 25.11, 25.18.3 and 26.3.

I am also jointly responsible with others for Sections 1.18, 1.23, 2.5, 18.1, 21.1, 21.2, 21.3, 21.4, 21.5, 21.6.1, 25.15, 25.16, 25.18, 26.6.1, 27 & 28 of the Technical Report.

I am independent of IAMGOLD Corporation as independence is described by Section 1.5 of NI 43–101.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those section of the technical report not misleading.

 

(Signed and sealed) “Ignacy Lipiec”

 

 

Ignacy Lipiec, P.Eng.

 

Dated: 8 June 2017


  

CERTIFICATE OF QUALIFIED PERSON

 

Jose P. Padilla, P.Eng.

111 Dunsmuir St., Suite 400

Vancouver, British Columbia, V6B 5W3

   LOGO

I, Jose P. Padilla, P.Eng., am employed as Manager, Electrical and Controls, with Amec Foster Wheeler Americas Limited.

This certificate applies to the technical report titled “NI 43-101 Technical Report on the Prefeasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada,” that has an effective date of 26th May 2017 (the “Technical Report”).

I am a Professional Engineer of The Association of Professional Engineers and Geoscientists of British Columbia. I graduated from the Simon Bolivar University in Caracas, Venezuela with a Diploma from Electrical Engineering in 1987.

I have practiced my profession for 20 years. I have been directly involved in feasibility studies and detailed engineering on mining and other industry projects.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

I have not visited the Côté Gold Property.

I am responsible for sections 18.2.6, 18.3.2 and 26.6.3 of the Technical Report.

I am jointly responsible with others for sections 1.15 and 25.12 of the Technical Report.

I am independent of IAMGOLD Corporation as independence is described by Section 1.5 of NI 43–101.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those section of the technical report not misleading.

 

(signed and sealed) “Jose P. Padilla”

 

 

Jose P. Padilla, P.Eng.

 

Dated: 8 June 2017


  

CERTIFICATE OF QUALIFIED PERSON

 

Paul Baluch, P.Eng.

111 Dunsmuir St., Suite 400

Vancouver, British Columbia, V6B 5W3

   LOGO

I, Paul Baluch, P.Eng., am employed as the Technical Director, Civil with Amec Foster Wheeler Americas Limited.

This certificate applies to the technical report titled “NI 43-101 Technical Report on the Prefeasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada,” that has an effective date of 26th May 2017 (the “Technical Report”).

I am a Professional Engineer of The Association of Professional Engineers and Geoscientists of British Columbia, Professional Engineers Ontario, The Association of Professional Engineers, Geologists and Geoscientists of Alberta, and The Association of Professional Engineers and Geoscientists of Saskatchewan. I graduated from the Slovak Technical University in Bratislava, Slovakia with a Diploma from Civil Engineering in 1980.

I have practiced my profession for 35 years. I have been directly involved in site investigations, site development, infrastructure and civil works on scoping studies, prefeasibility and feasibility studies, and detailed engineering on mining, infrastructure and other industry projects.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

I have visited the Côté Gold Property on two occasions: on October 04, 2016, and April 13-14, 2017.

I am responsible for sections 18.2.1 and 18.3.1 of the Technical Report.

I am independent of IAMGOLD Corporation as independence is described by Section 1.5 of NI 43–101.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those section of the technical report not misleading.

 

(signed and sealed) “Paul Baluch”

 

 

Paul Baluch, P.Eng.

 

Dated: 8 June 2017


CERTIFICATE OF QUALIFED PERSON

Alan Smith M.Sc., P.Geo.

District Manager – Exploration, IAMGOLD Corporation

Regional Exploration Office – Sudbury

Unit 10 - 2140 Regent Street

Sudbury, ON. P3E 5S8

Tel: 705-222-1520 E-mail: alan_smith@iamgold.com

I, Alan Smith, am employed as the District Manager – Exploration for IAMGOLD Corporation.

This certificate applies to the technical report entitled “NI 43-101 Technical Report on the Pre-feasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada” that has an effective date of 26 May 2017, (the “Technical Report”) by IAMGOLD Corporation.

I am a practicing member in good standing with the Association of Professional Geoscientists of Ontario (Membership Number 0201). I am also a Member of the PDAC, CIM, and OPA I graduated with an Honors Bachelor of Science Degree in Geology from the University of Western Ontario in 1984. I completed a M.Sc. Degree in Geology at the University of Western Ontario in 1987. I have worked as a Geologist for more than 32 years since graduation generally throughout Canada with completing some exploration work in the United States and Mexico.

In my role as District Manager – Exploration, I have been responsible for the supervision of all exploration activities on the Côté Gold Project and surrounding Regional Exploration projects and generally visit the site weekly. I have supervised Côté Deposit Prefeasibility diamond drilling programs since February 2013 and have assisted with the supervision of later diamond drilling phases of the Côte Deposit.    I am responsible for Sections 1.6, 1.7, 1.8, 2.5, 7, 8, 9, 25.3, and 25.4.

I am a full-time employee of IAMGOLD and own shares of IAMGOLD.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading.

Dated this 8th day of June, 2017

 

(Signed and Sealed) “Alan Smith”

 

 

Alan Smith, M.Sc. P.Geo.


CERTIFICATE OF QUALIFIED PERSON

Marie-France Bugnon M.Sc. P.Geo.

General Manager Exploration, IAMGOLD Corporation

Regional Exploration Office – Val-d’Or

1740, Chemin Sullivan, suite 1300,

Val-d’Or, Québec, Canada J9P 7H1

T: (819) 825-7500 e-mail : marie-france_bugnon@iamgold.com

I, Marie-France Bugnon, am employed as General Manager Exploration with IAMGOLD Corporation.

This certificate applies to the technical report entitled “NI 43-101 Technical Report on the Pre-feasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada” that has an effective date of 26 May 2017, (the “Technical Report”) by IAMGOLD Corporation.

I am a registered professional geologist of the Ordre des Géologues du Québec (OGQ # 137).

I graduated from the University of Montreal with a Bachelor’s degree in Geology in 1977 (B.Sc.) and a Master’s degree in Geology in 1981 (M.Sc.).

I have practiced my profession continuously since 1979 and have been involved in extensive exploration programs for gold, base metal and other commodities and have completed numerous property reviews in North America, in the Guiana Shield and in Burkina Faso.

I have been working for Cambior / IAMGOLD Corporation since 1996 as exploration manager for Canada and the Guiana Shield and as General Manager for the Brownfields activities.

As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101).

I have been involved in the Côté Gold Project and the exploration district as a General Manager since June 2012, I have made site visits between June 2012 and May 2017 and I am responsible for Sections 1.3, 1.4, 1.5, 4, 5, 6, 25.2, 26.6.4 and Appendix A.

I am a full-time employee of IAMGOLD and own shares of IAMGOLD.

I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument.

As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading.

Dated this 8th of June, 2017

 

(Signed and Sealed) “Marie-France Bugnon”

 

 

Marie-France Bugnon, M.Sc. P.Geo.

 


LOGO

CERTIFICATE OF QUALIFIED PERSON

LUKE EVANS

I, Luke Evans, M.Sc., P.Eng., as an author of this report titled “NI 43-101 Technical Report on the Pre-feasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada”, prepared for IAMGOLD Corporation, and with an effective date of May 26, 2017, do hereby certify that:

 

 

1.

I am a Principal Geologist and Executive Vice President, Geology and Mineral Resources, with Roscoe Postle Associates Inc. of Suite 501, 55 University Ave., Toronto, ON M5J 2H7.

 

 

2.

I am a graduate of University of Toronto, Ontario, Canada, in 1983 with a Bachelor of Science (Applied) degree in Geological Engineering and Queen’s University, Kingston, Ontario, Canada, in 1986 with a Master of Science degree in Mineral Exploration.

 

 

3.

I am registered as a Professional Engineer in the Province of Ontario (Reg. #90345885). I have worked as a professional geologist for a total of 31 years since my graduation. My relevant experience for the purpose of the Technical Report is:

 

 

 

Consulting Geological Engineer specializing in resource and reserve estimates, audits, technical assistance, and training since 1995.

 

 

 

Review and report as a consultant on numerous exploration and mining projects around the world for due diligence and regulatory requirements.

 

 

 

Senior Project Geologist in charge of exploration programs at several gold and base metal mines in Quebec.

 

 

 

Project Geologist at a gold mine in Quebec in charge of exploration and definition drilling.

 

 

 

Project Geologist in charge of sampling and mapping programs at gold and base metal properties in Ontario, Canada.

 

 

4.

I have read the definition of “qualified person” set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101.

 

 

5.

I visited the Côté Gold on May 18 and 19, 2017.

 

 

6.

I share responsibility with Tudorel Ciuculescu for Sections 10, 11, 12, and 14 of the Technical Report. I also take responsibility for the associated summary, conclusion and recommendation sections (1.9, 1.10, 1.12, 25.5, 25.6, 25.7, 25.9, 25.18.1, 26.2 and 26.4) and share responsibility with my co-authors for Section 2.5.

 

 

7.

I am independent of the Issuer applying the test set out in Section 1.5 of NI 43-101.

 

 

8.

I have been involved in a previous Mineral Resource audit for the property that is the subject of the Technical Report.

 

 

 

RPA 55 University Ave. Suite 501 | Toronto, ON, Canada M5J 2H7 | T +1 (416) 947 0907www.rpacan.com


LOGO

 

 

9.

I have read NI 43-101, and the Technical Report has been prepared in compliance with NI 43-101 and Form 43-101F1.

 

 

10.

At the effective date of the Technical Report, to the best of my knowledge, information, and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

Dated this 8th day of June, 2017

(Signed & Sealed) “Luke Evans

Luke Evans, M.Sc., P.Eng.

 

 

 

RPA 55 University Ave. Suite 501 | Toronto, ON, Canada M5J 2H7 | T +1 (416) 947 0907www.rpacan.com

2


LOGO

CERTIFICATE OF QUALIFIED PERSON

TUDOREL CIUCULESCU

I, Tudorel Ciuculescu, M.Sc., P.Geo., as an author of this report titled “NI 43-101 Technical Report on the Pre-feasibility Study of the Côté Gold Project, Porcupine Mining Division, Ontario, Canada”, prepared for IAMGOLD Corporation, and with an effective date of May 26, 2017, do hereby certify that:

 

1.

I am Senior Geologist with Roscoe Postle Associates Inc. of Suite 501, 55 University Ave Toronto, ON, M5J 2H7.

 

2.

I am a graduate of University of Bucharest with a B.Sc. degree in Geology in 2000 and University of Toronto with a M.Sc. degree in Geology in 2003.

 

3.

I am registered as a Professional Geologist in the Province of Ontario (Reg. #1882). I have worked as a geologist for a total of 14 years since my graduation. My relevant experience for the purpose of the Technical Report is:

 

 

 

Preparation of Mineral Resource estimates.

 

 

 

Over 5 years of exploration experience in Canada and Chile.

 

4.

I have read the definition of “qualified person” set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101.

 

5.

I visited the Côté Gold on May 18 and 19, 2017.

 

6.

I share responsibility with Luke Evans for Sections 10, 11, 12, and 14 of the Technical Report. I also take responsibility for the associated summary, conclusion and recommendation sections (1.9, 1.10, 1.12, 25.5, 25.6, 25.7, 25.9, 25.18.1, 26.2 and 26.4) and share responsibility with my co-authors for Section 2.5.

 

7.

I am independent of the Issuer applying the test set out in Section 1.5 of NI 43-101.

 

8.

I have been involved in a previous Mineral Resource audit for the property that is the subject of the Technical Report.

 

9.

I have read NI 43-101, and the Technical Report has been prepared in compliance with NI 43-101 and Form 43-101F1.

 

10.

At the effective date of the Technical Report, to the best of my knowledge, information, and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

 

 

RPA 55 University Ave. Suite 501 | Toronto, ON, Canada M5J 2H7 | T +1 (416) 947 0907www.rpacan.com


LOGO

Dated this 8th day of June, 2017

(Signed & Sealed) “Tudorel Ciuculescu

Tudorel Ciuculescu, M.Sc., P.Geo.

 

 

RPA 55 University Ave. Suite 501 | Toronto, ON, Canada M5J 2H7 | T +1 (416) 947 0907www.rpacan.com

 

 

2


  

IAMGOLD CORPORATION

CÔTÉ GOLD PROJECT

NI 43-101 TECHNICAL REPORT

Appendix A Claims List

 

Project No. 191659

     

8 June 2017

   Appendix   

 


Table 30-1 Trelawney Property - North Block - Unpatented Mining Claims

 

IAMGOLD Corporation - Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due
Date
 

Ownership

  Work
Required
annually
 

NEVILLE

    4266730       16       256     2018-Jun-14   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

    4266731       16       256     2018-Jun-14   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

    4267211       16       256     2018-Jun-14   100% Trelawney M & E Inc   $ 6,400  

Table 30-2 Trelawney Property - East Block - Unpatented Mining Claims

 

IAMGOLD Corporation - Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due Date  

Ownership

  Work
Required
annually
 

BENNEWEIS

    4249468       16       256     2019-Feb-03   100% Trelawney M & E Inc   $ 6,400  

BENNEWEIS

    4249469       16       256     2019-Feb-03   100% Trelawney M & E Inc   $ 6,400  

BENNEWEIS

    4249470       16       256     2018-Feb-03   100% Trelawney M & E Inc   $ 6,400  

BENNEWEIS

    4249471       16       256     2018-Feb-03   100% Trelawney M & E Inc   $ 6,400  

BENNEWEIS

    4249472       16       256     2018-Feb-03   100% Trelawney M & E Inc   $ 6,400  

BENNEWEIS

    4249473       4       64     2019-Feb-03   100% Trelawney M & E Inc   $ 1,600  

BENNEWEIS

    4249474       4       64     2018-Feb-03   100% Trelawney M & E Inc   $ 1,600  

BENNEWEIS

    4249475       12       192     2018-Feb-03   100% Trelawney M & E Inc   $ 4,800  

BENNEWEIS

    4249476       16       256     2018-Feb-03   100% Trelawney M & E Inc   $ 6,400  

BENNEWEIS

    4249477       7       112     2019-Feb-03   100% Trelawney M & E Inc   $ 2,800  

BENNEWEIS

    4249478       15       240     2018-Feb-03   100% Trelawney M & E Inc   $ 6,000  

BENNEWEIS

    4265037       11       176     2019-Oct-17   100% Trelawney M & E Inc   $ 4,400  

GROVES

    4249465       16       256     2019-Feb-03   100% Trelawney M & E Inc   $ 5,779  

GROVES

    4249467       16       256     2019-Feb-03   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

    4249459       16       256     2022-Feb-03   100% Trelawney M & E Inc   $ 4,800  

ST. LOUIS

    4249460       12       192     2022-Feb-03   100% Trelawney M & E Inc   $ 4,800  

ST. LOUIS

    4249461       12       192     2022-Feb-03   100% Trelawney M & E Inc   $ 4,800  

ST. LOUIS

    4249462       3       48     2022-Feb-03   100% Trelawney M & E Inc   $ 1,200  

ST. LOUIS

    4249463       16       256     2019-Feb-03   100% Trelawney M & E Inc   $ 6,400  

ST. LOUIS

    4249464       16       256     2019-Feb-03   100% Trelawney M & E Inc   $ 6,400  

ST. LOUIS

    4249466       16       256     2019-Feb-03   100% Trelawney M & E Inc   $ 6,400  

Table 30-3 Trelawney Property - IAMGOLD South Block - Unpatented Mining Claims

 

IAMGOLD Corporation - Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due Date  

Ownership

  Work
Required
annually
 

INVERGARRY

    4266705       8       128     2019-May-30   100% Trelawney M & E Inc   $ 3,200  

INVERGARRY

    4266708       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

INVERGARRY

    4266711       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

SMUTS

    4266712       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4249454       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4249455       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4249456       8       128     2019-May-30   100% Trelawney M & E Inc   $ 3,200  

YEO

    4249457       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4249458       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266713       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266714       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266716       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266717       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266720       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266721       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266725       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

YEO

    4266726       16       256     2019-May-30   100% Trelawney M & E Inc   $ 6,400  

Table 30-4 Trelawney Property - IAMGOLD Makwa Block - Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 


Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due
Date
 

Ownership

  Work
Required
annually
 

CHAMPAGNE

    4265066       9       144     2018-Feb-12   100% Trelawney M & E Inc   $ 3,600  

CHAMPAGNE

    4282250       9       144     2018-Nov-09   100% Trelawney M & E Inc   $ 3,600  

Table 30-5 Trelawney Property – IAMGOLD Londonderry Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due
Date
 

Ownership

  Work
Required
annually
 

CHAMPAGNE

    4286422       8       128     2019-Jan-24   100% Trelawney M & E Inc   $ 3,200  

CHAMPAGNE

    4286423       8       128     2019-Jan-24   100% Trelawney M & E Inc   $ 3,200  

CHAMPAGNE

    4286432       16       256     2019-Jan-24   100% Trelawney M & E Inc   $ 6,400  

LONDONDERRY

    4286424       8       128     2019-Jan-24   100% Trelawney M & E Inc   $ 3,200  

LONDONDERRY

    4286425       8       128     2019-Jan-24   100% Trelawney M & E Inc   $ 3,200  

LONDONDERRY

    4286426       8       128     2019-Jan-24   100% Trelawney M & E Inc   $ 3,200  

LONDONDERRY

    4286427       12       192     2019-Jan-24   100% Trelawney M & E Inc   $ 4,800  

LONDONDERRY

    4286428       12       192     2019-Jan-24   100% Trelawney M & E Inc   $ 4,800  

LONDONDERRY

    4286429       12       192     2019-Jan-24   100% Trelawney M & E Inc   $ 4,800  

GARIBALDI

    4285991       2       32     2019-Mar-03   100% Trelawney M & E Inc   $ 800  

MIRAMICHI

    4286430       8       128     2019-Jan-24   100% Trelawney M & E Inc   $ 3,200  

MIRAMICHI

    4286431       8       128     2019-Jan-24   100% Trelawney M & E Inc   $ 3,200  

MIRAMICHI

    4286433       12       192     2019-Jan-27   100% Trelawney M & E Inc   $ 4,800  

Table 30-6 Arimathaea Property – Arimathaea North Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due
Date
 

Ownership

  Work
Required
annually
 

CHESTER

    1158643       1       16     2019-Jan-09   100% Ontario 986813   $ 400  

CHESTER

    1158644       1       16     2019-Jan-09   100% Ontario 986813   $ 400  

CHESTER

    515335       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    515336       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    538055       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    538056       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    538057       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    538058       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    538059       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    538082       1       16     2019-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    543823       1       16     2019-Jun-05   100% Ontario 986813   $ 400  

CHESTER

    543824       1       16     2019-Oct-12   100% Ontario 986813   $ 400  

CHESTER

    543993       1       16     2020-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    548092       1       16     2019-Oct-12   100% Ontario 986813   $ 400  

CHESTER

    881269       1       16     2019-Feb-09   100% Ontario 986813   $ 400  

CHESTER

    881270       1       16     2019-Feb-09   100% Ontario 986813   $ 400  

Table 30-7 Arimathaea Property – Arimathaea Northeast Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due
Date
 

Ownership

  Work
Required
annually
 

CHESTER

    543818       1       16     2022-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    543819       1       16     2022-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    543821       1       16     2022-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    543827       1       16     2022-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    543994       1       16     2022-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    543995       1       16     2022-Apr-24   100% Ontario 986813   $ 400  

CHESTER

    543996       1       16     2022-Apr-24   100% Ontario 986813   $ 400  

Table 30-8 Arimathaea Property – Arimathaea East Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 


Township

   Claim
Number
     Claim Size
(Units)
     Approx. Claim
Size (ha)
     Claim Due
Date
  

Ownership

   Work
Required
annually
 

BENNEWEIS

     538523        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     538524        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     538525        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539117        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539118        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539119        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539120        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539121        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539122        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539123        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539124        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539125        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539126        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539127        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539128        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539129        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539136        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539137        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539138        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539139        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539140        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539141        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539142        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539143        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539144        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539145        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539146        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539147        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539148        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539149        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539150        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539151        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539152        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539153        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539154        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539155        1        16      2019-May-16    100% Ontario 986813    $ 400  

BENNEWEIS

     539279        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539280        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539281        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539282        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539283        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539284        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539285        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539286        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539287        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539288        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539289        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539290        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539291        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539292        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539293        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539294        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539295        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539296        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539297        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539298        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539308        1        16      2019-May-22    100% Ontario 986813    $ 400  


BENNEWEIS

     539309        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539310        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539311        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539312        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539313        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539314        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539315        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539316        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539317        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539318        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539319        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539320        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539321        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539322        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539323        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539324        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539325        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539326        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539327        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539328        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539404        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539405        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539406        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539407        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539408        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539409        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539410        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539411        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539412        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539413        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539414        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539415        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539416        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539417        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539418        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539419        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539420        1        16      2019-May-22    100% Ontario 986813    $ 400  

BENNEWEIS

     539421        1        16      2019-May-22    100% Ontario 986813    $ 400  

CHESTER

     539105        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539106        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539107        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539108        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539109        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539110        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539111        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539112        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539113        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539114        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539115        1        16      2019-May-16    100% Ontario 986813    $ 400  

CHESTER

     539116        1        16      2019-May-16    100% Ontario 986813    $ 400  

ST. LOUIS

     507667        1        16      2019-Jul-05    100% Ontario 986813    $ 400  

ST. LOUIS

     507668        1        16      2019-Jul-05    100% Ontario 986813    $ 400  

ST. LOUIS

     507669        1        16      2019-Jul-05    100% Ontario 986813    $ 400  

ST. LOUIS

     539181        1        16      2019-Jul-05    100% Ontario 986813    $ 400  

ST. LOUIS

     539182        1        16      2019-Jul-05    100% Ontario 986813    $ 400  

ST. LOUIS

     539183        1        16      2019-Jul-05    100% Ontario 986813    $ 400  

Table 30-9 Arimathaea Property – Arimathaea South Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 


Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due Date  

Ownership

  Work
Required
annually
 

BENNEWEIS

    473685       1       16     2020-May-14   100% Ontario 986813   $ 400  

BENNEWEIS

    473686       1       16     2020-May-14   100% Ontario 986813   $ 400  

BENNEWEIS

    473687       1       16     2020-May-14   100% Ontario 986813   $ 400  

BENNEWEIS

    473688       1       16     2020-May-14   100% Ontario 986813   $ 400  

BENNEWEIS

    473693       1       16     2020-May-14   100% Ontario 986813   $ 400  

BENNEWEIS

    473694       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473683       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473684       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473689       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473690       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473691       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473692       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473703       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473704       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473705       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473706       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473707       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473708       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473717       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473718       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473719       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473720       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473721       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473722       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473723       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473724       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473725       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473726       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473727       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473728       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473729       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473730       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473731       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473732       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473733       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473734       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473735       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473736       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473737       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473738       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    473739       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    473740       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    473741       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    473742       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    473743       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    473744       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    473745       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    473746       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    528680       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    546980       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546981       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546982       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546983       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546984       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546985       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546986       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546987       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546988       1       16     2020-May-29   100% Ontario 986813   $ 400  


CHESTER

    546989       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546990       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546991       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546992       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546993       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546994       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546995       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546996       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546997       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546998       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    546999       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    547000       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549001       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549002       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549003       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549004       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549005       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549006       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549007       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549008       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549009       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549010       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549011       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549012       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549013       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549014       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549015       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549016       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549108       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549109       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549110       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549111       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549112       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549113       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549114       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549115       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549116       1       16     2020-May-14   100% Ontario 986813   $ 400  

CHESTER

    549117       1       16     2020-May-29   100% Ontario 986813   $ 400  

CHESTER

    549294       1       16     2020-May-29   100% Ontario 986813   $ 400  

Table 30-10 TAAC Property – East Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due
Date
 

Ownership

  Work
Required
annually
 

CHESTER

    1191819       2       32     2021-Jan-20   100% TAAC   $ 439  

CHESTER

    1246710       1       16     2020-Jan-20   100% TAAC   $ 400  

CHESTER

    3006971       2       32     2020-Jan-20   100% TAAC   $ 800  

CHESTER

    3007643       1       16     2021-Jan-20   100% TAAC   $ 400  

CHESTER

    3010943       2       32     2020-Jan-20   100% TAAC   $ 800  

CHESTER

    3011808       1       16     2020-Jan-20   100% TAAC   $ 400  

CHESTER

    3018489       2       32     2020-Jan-20   100% TAAC   $ 800  

CHESTER

    3018490       1       16     2020-Jan-20   100% TAAC   $ 400  

CHESTER

    4201539       7       112     2020-Jan-11   100% TAAC   $ 2,800  

Table 30-11 TAAC Property – West Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

  Claim
Number
    Claim Size
(Units)
    Approx. Claim
Size (ha)
    Claim Due
Date
 

Ownership

  Work
Required
annually
 

ARBUTUS

    3013944       8       128     2020-Aug-04   100% TAAC   $ 3,200  


ARBUTUS

    4223879       16       256     2020-Mar-25   100% TAAC   $ 6,400  

BENTON

    4206975       3       48     2020-Sep-21   100% TAAC   $ 1,200  

BENTON

    4206976       3       48     2020-Sep-21   100% TAAC   $ 1,200  

ESTHER

    3019029       10       160     2021-Dec-15   100% TAAC   $ 4,000  

ESTHER

    4206977       6       96     2021-Dec-15   100% TAAC   $ 2,400  

FINGAL

    4246487       16       256     2021-Dec-15   100% TAAC   $ 6,400  

FINGAL

    4246488       16       256     2021-Dec-15   100% TAAC   $ 6,400  

HUFFMAN

    3006689       8       128     2020-Aug-04   100% TAAC   $ 3,200  

HUFFMAN

    3010746       12       192     2020-Oct-20   100% TAAC   $ 4,800  

HUFFMAN

    3010748       16       256     2020-Nov-17   100% TAAC   $ 6,400  

HUFFMAN

    3010756       6       96     2020-Oct-10   100% TAAC   $ 2,400  

HUFFMAN

    3010762       16       256     2020-Oct-20   100% TAAC   $ 6,400  

HUFFMAN

    3010764       11       176     2020-Oct-11   100% TAAC   $ 4,400  

HUFFMAN

    3010775       10       160     2020-Oct-20   100% TAAC   $ 4,000  

HUFFMAN

    3017443       9       144     2021-May-03   100% TAAC   $ 3,600  

HUFFMAN

    3017498       9       144     2021-May-03   100% TAAC   $ 3,600  

HUFFMAN

    4203547       16       256     2020-Aug-11   100% TAAC   $ 6,400  

HUFFMAN

    4203548       10       160     2020-Aug-11   100% TAAC   $ 4,000  

HUFFMAN

    4203842       5       80     2020-Sep-21   100% TAAC   $ 2,000  

HUFFMAN

    4203915       16       256     2020-Sep-21   100% TAAC   $ 6,400  

HUFFMAN

    4203916       16       256     2020-Sep-21   100% TAAC   $ 6,400  

HUFFMAN

    4207597       3       48     2020-Sep-21   100% TAAC   $ 1,200  

HUFFMAN

    4208199       13       208     2020-Mar-24   100% TAAC   $ 5,200  

HUFFMAN

    4208200       6       96     2020-Mar-24   100% TAAC   $ 2,400  

HUFFMAN

    4208243       3       48     2020-Apr-04   100% TAAC   $ 1,200  

HUFFMAN

    4209349       16       256     2020-Feb-13   100% TAAC   $ 6,400  

HUFFMAN

    4209350       15       240     2020-Feb-13   100% TAAC   $ 6,000  

HUFFMAN

    4209557       12       192     2020-Mar-01   100% TAAC   $ 4,800  

HUFFMAN

    4209559       8       128     2020-Mar-01   100% TAAC   $ 3,200  

HUFFMAN

    4209560       16       256     2020-Mar-01   100% TAAC   $ 6,400  

HUFFMAN

    4209585       11       176     2020-Mar-01   100% TAAC   $ 4,400  

HUFFMAN

    4209586       11       176     2020-Mar-01   100% TAAC   $ 4,400  

HUFFMAN

    4209610       8       128     2020-Mar-01   100% TAAC   $ 3,200  

HUFFMAN

    4213572       9       144     2020-May-26   100% TAAC   $ 3,600  

HUFFMAN

    4213606       12       192     2020-Apr-14   100% TAAC   $ 4,800  

HUFFMAN

    4213607       9       144     2020-Apr-14   100% TAAC   $ 3,600  

HUFFMAN

    4220344       4       64     2021-Feb-05   100% TAAC   $ 1,600  

HUFFMAN

    4223876       5       80     2020-May-26   100% TAAC   $ 2,000  

HUFFMAN

    4223878       4       64     2020-Mar-25   100% TAAC   $ 1,600  

HUFFMAN

    4241017       3       48     2020-May-26   100% TAAC   $ 1,200  

OSWAY

    3010736       6       96     2020-Oct-26   100% TAAC   $ 2,400  

OSWAY

    3010737       4       64     2020-Oct-19   100% TAAC   $ 1,600  

OSWAY

    3010747       13       208     2020-Oct-26   100% TAAC   $ 5,200  

OSWAY

    3010752       16       256     2020-Oct-20   100% TAAC   $ 6,400  

OSWAY

    3010760       8       128     2020-Oct-20   100% TAAC   $ 696  

OSWAY

    3010777       7       112     2020-Oct-19   100% TAAC   $ 2,800  

OSWAY

    3010781       16       256     2020-Oct-19   100% TAAC   $ 6,400  

OSWAY

    3017499       15       240     2021-May-03   100% TAAC   $ 6,000  

OSWAY

    3017500       9       144     2021-May-03   100% TAAC   $ 3,600  

OSWAY

    3017669       1       16     2020-Mar-17   100% TAAC   $ 400  

OSWAY

    3019030       16       256     2021-Sep-21   100% TAAC   $ 6,400  

OSWAY

    3019031       6       96     2021-Jun-30   100% TAAC   $ 2,400  

OSWAY

    3019032       7       112     2020-Jun-30   100% TAAC   $ 2,800  

OSWAY

    4202938       16       256     2020-Sep-21   100% TAAC   $ 6,400  

OSWAY

    4202939       16       256     2020-Sep-21   100% TAAC   $ 4,190  

OSWAY

    4203843       11       176     2020-Sep-21   100% TAAC   $ 4,400  

OSWAY

    4203917       16       256     2020-Sep-21   100% TAAC   $ 6,400  

OSWAY

    4203918       16       256     2020-Sep-21   100% TAAC   $ 6,400  

OSWAY

    4203919       10       160     2020-Sep-21   100% TAAC   $ 4,000  

OSWAY

    4203920       16       256     2020-Sep-21   100% TAAC   $ 6,400  


OSWAY

     4203921        16      256    2020-Sep-21    100% TAAC    $ 6,400  

OSWAY

     4203922        16      256    2021-Sep-21    100% TAAC    $ 6,400  

OSWAY

     4203924        13      208    2020-Sep-21    100% TAAC    $ 5,200  

OSWAY

     4203925        11      176    2020-Sep-21    100% TAAC    $ 4,400  

OSWAY

     4206264        4      64    2020-Sep-21    100% TAAC    $ 1,600  

OSWAY

     4206274        16      256    2020-Sep-21    100% TAAC    $ 6,400  

OSWAY

     4206275        9      144    2020-Sep-21    100% TAAC    $ 3,600  

OSWAY

     4219657        16      256    2021-Jan-15    100% TAAC    $ 6,400  

OSWAY

     4220351        12      192    2021-Jan-15    100% TAAC    $ 4,800  

OSWAY

     4220352        2      32    2021-Jan-15    100% TAAC    $ 800  

OSWAY

     4220353        6      96    2021-Jan-15    100% TAAC    $ 2,400  

OSWAY

     4220354        12      192    2021-Jan-15    100% TAAC    $ 4,800  

OSWAY

     4220355        12      192    2021-Jan-15    100% TAAC    $ 4,800  

POTIER

     3015883        16      256    2020-May-24    100% TAAC    $ 6,400  

POTIER

     3015887        16      256    2020-May-24    100% TAAC    $ 6,400  

POTIER

     4200741        8      128    2020-May-24    100% TAAC    $ 3,200  

POTIER

     4209384        13      208    2020-May-24    100% TAAC    $ 5,200  

YEO

     3017381        14      224    2020-Mar-17    100% TAAC    $ 5,600  

YEO

     3017382        12      192    2020-Mar-17    100% TAAC    $ 4,800  

YEO

     4203174        8      128    2020-Jun-05    100% TAAC    $ 3,200  

YEO

     4203314        16      256    2020-Jun-05    100% TAAC    $ 15  

YEO

     4220343        16      256    2020-Feb-05    100% TAAC    $ 6,400  

Table 30-12 TAAC Property – West Block – Patented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

   Disposition
Number
     G Number     

Ownership

   Land Status   

Claim Size (ha)

   Number
of Units
 

OSWAY

     32074        6060135      100% TAAC    PAT    21.38      1  

OSWAY

     32071        6060136      100% TAAC    PAT    11.87      1  

OSWAY

     32266        6060137      100% TAAC    PAT    18.54      1  

OSWAY

     32264        6060138      100% TAAC    PAT    27.33      2  

OSWAY

     32316        6060139      100% TAAC    PAT      21.4      1  

OSWAY

     32113        6060140      100% TAAC    PAT      8.73      1  

OSWAY

     32070        6060141      100% TAAC    PAT        6.8      0  

OSWAY

     32269        6060142      100% TAAC    PAT    11.76      1  

OSWAY

     32121        6060144      100% TAAC    PAT      20.9      1  

HUFFMAN

     32386        6060145      100% TAAC    PAT    19.88      1  

HUFFMAN

     32387        6060146      100% TAAC    PAT    26.38      2  

OSWAY

     32263        6060147      100% TAAC    PAT    12.82      1  

OSWAY

     32073        6060148      100% TAAC    PAT         12      1  

OSWAY

     32117        6060149      100% TAAC    PAT      6.65      0  

OSWAY

     32157        6060150      100% TAAC    PAT    2.513      0  

OSWAY

     32159        6060151      100% TAAC    PAT      7.18      0  

OSWAY

     32160        6060152      100% TAAC    PAT    12.93      1  

OSWAY

     32162        6060153      100% TAAC    PAT        8.2      1  

OSWAY

     32215        6060154      100% TAAC    PAT    13.12      1  

OSWAY

     32216        6060155      100% TAAC    PAT    12.59      1  

OSWAY

     32222        6060156      100% TAAC    PAT      8.41      1  

OSWAY

     32218        6060157      100% TAAC    PAT    15.73      1  

OSWAY

     31758        6060158      100% TAAC    PAT    10.69      1  

OSWAY

     32227        6060159      100% TAAC    PAT      6.25      0  

OSWAY

     32395        6060160      100% TAAC    PAT      5.03      0  

OSWAY

     32367        6060161      100% TAAC    PAT      3.97      0  

OSWAY

     32366        6060162      100% TAAC    PAT      3.12      0  

OSWAY

     32223        6060163      100% TAAC    PAT      2.03      0  

OSWAY

     32265        6060164      100% TAAC    PAT      8.24      1  

OSWAY

     32267        6060165      100% TAAC    PAT    16.52      1  

OSWAY

     32268        6060167      100% TAAC    PAT    15.31      1  

OSWAY

     32261        6060168      100% TAAC    PAT    13.61      1  

OSWAY

     32262        6060169      100% TAAC    PAT    17.49      1  


OSWAY

     31759        6060170      100% TAAC      PAT      9.07      1  

OSWAY

     32242        6060171      100% TAAC      PAT      18.7      1  

OSWAY

     32219        6060172      100% TAAC      PAT      12.13      1  

HUFFMAN

     32220        6060173      100% TAAC      PAT      13.4      1  

HUFFMAN

     29951        6060174      100% TAAC      PAT      12.26      1  

HUFFMAN

     29952        6060175      100% TAAC      PAT      5.74      0  

HUFFMAN

     32224        6060176      100% TAAC      PAT      3.09      0  

HUFFMAN

     32225        6060177      100% TAAC      PAT      4.7      0  

OSWAY

     32069        6060268      100% TAAC      MLO      22.97      1  

OSWAY

     32072        6060269      100% TAAC      MLO      19.28      1  

OSWAY

     32075        6060270      100% TAAC      MLO      17.56      1  

OSWAY

     32076        6060271      100% TAAC      MLO      15.92      1  

OSWAY

     32077        6060272      100% TAAC      MLO      17.55      1  

OSWAY

     32114        6060273      100% TAAC      MLO      16.19      1  

OSWAY

     32115        6060274      100% TAAC      MLO      14.54      1  

OSWAY

     32116        6060275      100% TAAC      MLO      13.68      1  

OSWAY

     32118        6060276      100% TAAC      MLO      20.97      1  

OSWAY

     32119        6060277      100% TAAC      MLO      16.19      1  

OSWAY

     32120        6060278      100% TAAC      MLO      17.22      1  

OSWAY

     32158        6060279      100% TAAC      MLO      21.49      1  

OSWAY

     32161        6060280      100% TAAC      MLO      15.58      1  

OSWAY

     32221        6060281      100% TAAC      MLO      15.34      1  

OSWAY

     32364        6060282      100% TAAC      MLO      8.37      1  

OSWAY

     32365        6060283      100% TAAC      MLO      19.37      1  

OSWAY

     32368        6060284      100% TAAC      MLO      10.21      1  

OSWAY

     32369        6060285      100% TAAC      MLO      24.31      2  

OSWAY

     33640        6060286      100% TAAC      MLO      17.42      1  

OSWAY

     33641        6060287      100% TAAC      MLO      23.18      1  

OSWAY

     33642        6060288      100% TAAC      MLO      24.94      2  

OSWAY

     32226        6060289      100% TAAC      MLO      33.59      2  

OSWAY

     32071        6060290      100% TAAC      MLO      16.72      1  

OSWAY

     32073        6060291      100% TAAC      MLO      6.22      0  

OSWAY

     32227        6060292      100% TAAC      MLO      5.67      0  

HUFFMAN

     29951        6060295      100% TAAC      MLO      10.22      1  

HUFFMAN

     29952        6060296      100% TAAC      MLO      17.67      1  

OSWAY

     31758        6060297      100% TAAC      MLO      4.98      0  

HUFFMAN

     31759        6060298      100% TAAC      MLO      10.91      1  

OSWAY

     32070        6060299      100% TAAC      MLO      19.36      1  

OSWAY

     32113        6060300      100% TAAC      MLO      14.58      1  

OSWAY

     32117        6060301      100% TAAC      MLO      11.16      1  

OSWAY

     32157        6060303      100% TAAC      MLO      17.24      1  

OSWAY

     32159        6060304      100% TAAC      MLO      10.23      1  

OSWAY

     32160        6060305      100% TAAC      MLO      3.07      0  

OSWAY

     32162        6060306      100% TAAC      MLO      12.39      1  

OSWAY

     32215        6060307      100% TAAC      MLO      2.97      0  

OSWAY

     32216        6060308      100% TAAC      MLO      3.51      0  

HUFFMAN

     32219        6060309      100% TAAC      MLO      3.17      0  

HUFFMAN

     32220        6060310      100% TAAC      MLO      4.81      0  

OSWAY

     32222        6060311      100% TAAC      MLO      19.4      1  

OSWAY

     32223        6060312      100% TAAC      MLO      19.45      1  

HUFFMAN

     32224        6060313      100% TAAC      MLO      20.53      1  

OSWAY

     32264        6060314      100% TAAC      MLO      10.07      1  

OSWAY

     32121        6060315      100% TAAC      MLO      7.54      0  

OSWAY

     32265        6060316      100% TAAC      MLO      9.57      1  

OSWAY

     32366        6060317      100% TAAC      MLO      16.27      1  

OSWAY

     32367        6060318      100% TAAC      MLO      21.52      1  

OSWAY

     32395        6060319      100% TAAC      MLO      4.16      0  

HUFFMAN

     32225        6060320      100% TAAC      MLO      23.66      1  

Table 30-13 Watershed Property – TAAC Unpatented Mining Claims

 


IAMGOLD Corporation – Côté Gold Project

 

Township

   Claim
Number
     Claim Size
(Units)
     Approx. Claim
Size (ha)
     Claim Due Date   

Ownership

   Work
Required
annually
 

BENNEWEIS

     4209355        12        192      2019-Sep-11    100% TAAC    $ 4,800  

BENNEWEIS

     4216686        1        16      2019-Dec-04    100% TAAC    $ 400  

CHESTER

     3004844        5        80      2019-Dec-08    100% TAAC    $ 2,000  

CHESTER

     3010239        5        80      2019-Jul-05    100% TAAC    $ 2,000  

CHESTER

     3011820        1        16      2020-Aug-08    100% TAAC    $ 400  

CHESTER

     3011854        1        16      2019-Aug-14    100% TAAC    $ 400  

CHESTER

     3014374        8        128      2019-Jun-07    100% TAAC    $ 3,200  

CHESTER

     3017665        3        48      2019-Apr-06    100% TAAC    $ 1,200  

CHESTER

     3017666        3        48      2019-Sep-13    100% TAAC    $ 1,200  

CHESTER

     3017667        3        48      2019-Sep-13    100% TAAC    $ 1,200  

CHESTER

     3017668        6        96      2019-Sep-13    100% TAAC    $ 2,400  

CHESTER

     3018410        12        192      2019-May-26    100% TAAC    $ 4,800  

CHESTER

     3018411        12        192      2019-Dec-12    100% TAAC    $ 4,800  

CHESTER

     3018412        1        16      2019-Apr-18    100% TAAC    $ 400  

CHESTER

     3018437        16        256      2019-Dec-12    100% TAAC    $ 6,400  

CHESTER

     3019033        2        32      2019-Jul-05    100% TAAC    $ 800  

CHESTER

     4203263        1        16      2019-May-22    100% TAAC    $ 400  

CHESTER

     4203267        12        192      2019-Dec-25    100% TAAC    $ 4,800  

CHESTER

     4203839        6        96      2019-Apr-09    100% TAAC    $ 2,400  

CHESTER

     4203852        15        240      2019-Apr-09    100% TAAC    $ 6,000  

CHESTER

     4206270        12        192      2019-Sep-21    100% TAAC    $ 4,800  

CHESTER

     4206271        16        256      2019-Sep-21    100% TAAC    $ 6,400  

CHESTER

     4206272        16        256      2019-Sep-21    100% TAAC    $ 6,400  

CHESTER

     4206273        16        256      2019-Sep-21    100% TAAC    $ 6,400  

CHESTER

     4206276        12        192      2019-Sep-21    100% TAAC    $ 4,800  

CHESTER

     4206277        16        256      2019-Sep-21    100% TAAC    $ 6,400  

CHESTER

     4206278        16        256      2019-Sep-21    100% TAAC    $ 6,400  

CHESTER

     4206279        16        256      2018-Sep-21    100% TAAC    $ 6,400  

CHESTER

     4227171        5        80      2019-May-10    100% TAAC    $ 2,000  

CHESTER

     4240907        13        208      2019-Feb-07    100% TAAC    $ 5,200  

CHESTER

     4240908        12        192      2019-Feb-07    100% TAAC    $ 4,800  

NEVILLE

     4219670        3        48      2019-Jan-15    100% TAAC    $ 1,200  

YEO

     3017383        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3017384        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3017670        10        160      2019-Mar-17    100% TAAC    $ 4,000  

YEO

     3017671        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3017672        10        160      2019-Mar-17    100% TAAC    $ 4,000  

YEO

     3017673        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3017674        16        256      2019-Oct-03    100% TAAC    $ 6,400  

YEO

     3018463        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3018541        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3019553        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3019555        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     3019556        16        256      2019-Mar-17    100% TAAC    $ 6,400  

YEO

     4203293        16        256      2019-May-22    100% TAAC    $ 6,400  

YEO

     4203294        16        256      2019-Dec-08    100% TAAC    $ 6,400  

Table 30-14 Huffman Option Property – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

   Claim
Number
     Claim Size
(Units)
     Approx. Claim
Size (ha)
     Claim Due Date   

Ownership

   Work
Required
annually
 

HUFFMAN

     1211326        15        240      2020-Nov-13    100% TAAC    $ 6,000  

HUFFMAN

     3003313        4        64      2020-Aug-23    100% TAAC    $ 1,600  

HUFFMAN

     3004321        4        64      2020-Aug-23    100% TAAC    $ 1,600  

POTIER

     3004318        16        256      2020-Aug-23    100% TAAC    $ 6,400  


Table 30-15 Falcon Gold Option Property – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

 

Claim
Number

  Claim Size
(Units)
 

Approx. Claim

Size (ha)

 

Claim Due

Date

 

Ownership

  Work
Required
annually
 

ESTHER

  1094208   1   16   2017-Oct-17   100% Falcon Gold   $ 400  

ESTHER

  629911   1   16   2017-Sep-14   100% Falcon Gold   $ 400  

ESTHER

  629912   1   16   2017-Sep-14   100% Falcon Gold   $ 400  

ESTHER

  648044   1   16   2017-Jul-09   100% Falcon Gold   $ 400  

ESTHER

  648045   1   16   2017-Jul-09   100% Falcon Gold   $ 400  

ESTHER

  648046   1   16   2017-Jul-09   100% Falcon Gold   $ 400  

ESTHER

  648047   1   16   2017-Aug-19       100% Falcon Gold       $ 400  

ESTHER

  648048   1   16   2017-Aug-19   100% Falcon Gold   $ 400  

ESTHER

  648153   1   16   2017-Sep-23   100% Falcon Gold   $ 400  

ESTHER

  648154   1   16   2017-Sep-23   100% Falcon Gold   $ 400  

ESTHER

  648155   1   16   2017-Sep-23   100% Falcon Gold   $ 400  

ESTHER

  648198   1   16   2017-Sep-23   100% Falcon Gold   $ 400  

ESTHER

  648285   1   16   2017-Nov-02   100% Falcon Gold   $ 400  

ESTHER

  648286   1   16   2017-Nov-02   100% Falcon Gold   $ 400  

ESTHER

  648362   1   16   2017-Nov-02   100% Falcon Gold   $ 400  

ESTHER

  648363   1   16   2017-Nov-02   100% Falcon Gold   $ 400  

Table 30-16 Falcon Gold Option Property – Patented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

 

Disposition
Number

  G Number  

Ownership

 

Land Status

 

Claim

Size (ha)

  Number
of Units
 

ESTHER

  S31116   6000074   100% Falcon Gold   PAT   28.07     2  

ESTHER

  S31117   6000251   100% Falcon Gold   PAT   25.57     2  

ESTHER

  S31226   6000252   100% Falcon Gold   PAT   25.99     2  

ESTHER

  S31227     100% Falcon Gold   PAT   18.95     2  

ESTHER

  S32578     100% Falcon Gold   PAT   23.16     2  

ESTHER

  S32579     100% Falcon Gold   PAT   29.26     2  

Table 30-17 Leliever Option Property – Patented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

 

Disposition
Number

  G Number  

Ownership

 

Land Status

 

Claim

Size (ha)

  Number
of Units
 

CHESTER

  8995e   6060017   100% Fergus on, Harry Stewart   PAT   54.38     3  

Table 30-18 Sheridan Option Property – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

 

Claim
Number

  Claim Size
(Units)
 

Approx. Claim

Size (ha)

 

Claim Due
Date

 

Ownership

  Work
Required
annually
 

BENNEWEIS

  4255315   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

BENNEWEIS

  4265023   16   256   2018-Apr-18   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

CHAMPAGNE

  4255305   8   128   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 3,200  

CHAMPAGNE

  4255306   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

CHAMPAGNE      

  4255307   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

CHAMPAGNE

  4255310   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

CHAMPAGNE

  4255311   15   240   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,000  

CHAMPAGNE

  4255312   8   128   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 3,200  

CHAMPAGNE

  4255313   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

CHAMPAGNE

  4255316   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

CHAMPAGNE

  4255317   15   240   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,000  

CHAMPAGNE

  4255318   8   128   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 3,200  

CHAMPAGNE

  4255324   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

CHAMPAGNE

  4255325   16   256   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  

GROVES

  4255301   8   128   2018-Apr-06   51% Trelawney M&E, 49% ET Gold Mining   $ 3,200  

GROVES

  4265022   16   256   2018-Apr-18   51% Trelawney M&E, 49% ET Gold Mining   $ 6,400  


Table 30-19 GoldON Swayze Properties – Neville-Potier Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

 

Claim
Number

  Claim Size
(Units)
 

Approx. Claim

Size (ha)

 

Claim Due

Date

 

Ownership

  Work
Required
annually
 

NEVILLE

  4219550   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4248790   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4250020   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4250029   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4250030   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4251589   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4251592   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4251596   15   240   2017-Mar-16   100% Trelawney M & E Inc   $ 6,000  

NEVILLE

  4255032   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4255033   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4255034   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

NEVILLE

  4255035   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4219547   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4219548   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4219549   4   64   2017-Mar-16   100% Trelawney M & E Inc   $ 1,600  

POTIER

  4246981   12   192   2018-Mar-16   100% Trelawney M & E Inc   $ 4,800  

POTIER

  4250021   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4250022   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4250023   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4250024   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4250025   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4250026   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

POTIER

  4255027   8   128   2017-Mar-16   100% Trelawney M & E Inc   $ 3,200  

POTIER

  4255028   8   128   2018-Mar-16   100% Trelawney M & E Inc   $ 3,200  

POTIER

  4255030   8   128   2018-Mar-16   100% Trelawney M & E Inc   $ 3,200  

POTIER

  4255031   16   256   2017-Mar-16   100% Trelawney M & E Inc   $ 6,400  

Table 30-20 GoldON Swayze Properties – Mollie River Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

 

Claim
Number

  Claim Size
(Units)
 

Approx. Claim

Size (ha)

 

Claim Due

Date

 

Ownership

  Work
Required
annually
 

BENNEWEIS

  4227606   16   256   2018-Jun-18   100% Trelawney M & E Inc   $ 6,400  

BENNEWEIS

  4227607   15   240   2018-Jun-18   100% Trelawney M & E Inc   $ 6,000  

BENNEWEIS

  4243739   6   96   2019-Sep-09   100% Trelawney M & E Inc   $ 2,159  

Table 30-21 GoldON Swayze Properties – Chester Block – Unpatented Mining Claims

 

IAMGOLD Corporation – Côté Gold Project

 

Township

 

Claim
Number

  Claim Size
(Units)
 

Approx. Claim

Size (ha)

 

Claim Due
Date

 

Ownership

  Work
Required
annually
 

CHESTER

  4243061   3   48   2019-Jun-04   100% Trelawney M & E Inc   $ 1,200