EX-99.1 2 ex991.htm NEWS RELEASE DATED AUGUST 8, 2006 News Release dated August 8, 2006
Exhibit 99.1
 
No. 12/06

IAMGOLD ANNOUNCES QUIMSACOCHA DRILL RESULTS


Toronto, Ontario, August 8, 2006 - IAMGOLD Corporation (“IAMGOLD” or “the Company”) is pleased to announce the results of an additional 39 diamond drill holes on its 100% owned Quimsacocha Project in Ecuador, including an intersection of 108 meters averaging 16.2 grams per tonne (g/t) gold, 83.6 g/t silver and 1.3% copper (Hole 333). Quimsacocha is located 40 kilometers southwest of the city of Cuenca in southern Ecuador.

“The drill results continue to be very encouraging,” commented Joseph Conway, President and CEO of IAMGOLD, “and importantly, Holes 333 and 337, located in the southern portion of the deposit, are among the best intersections to date. They indicate the potential for a structurally controlled high grade zone within the resource. Further drilling will be targeting this structure, the delineation of which has important implications for any future mining operations.”

The ongoing drill programme for 2006 has continued to upgrade and confirm the known resource and has established the continuation of the high grade zone between the northern and southern parts of the deposit. The results of the 2006 programme will be included in an updated resource model for the deposit expected by the fourth quarter.

Recent interpretations of geophysical data have also indicated that the Quimsacocha mineralized system is much larger than previously thought and a number of new targets showing similar responses to the main orebody have been identified and will be tested by drilling as part of the ongoing 2006 exploration programme.

The intersections from the recent drilling are presented in Table 1. The collar locations of the drill holes can be found in Figure 1. Additional figures can be found at: www.iamgold.com.


Table 1
Significant Intersections from 2006 Infill Drilling
At Quimsacocha as Reported on July 31, 2006
(Intersections where gold values are >5g/t are highlighted)

Hole
From
To
Length
Gold
Silver
Cu
 
m
m
m
g/t
g/t
%
308
107.1
159.1
52.0
2.5
14.3
0.1
including
151.8
158.0
6.2
7.4
51.2
0.3
309
136.0
176.0
40.0
1.9
21.7
0.1
310
154.0
174.9
20.9
4.7
25.7
0.2
including
155.7
167.0
11.3
6.0
25.5
0.3
312
124.0
132.0
8.0
1.7
4.9
0.0
 
136.0
146.0
10.0
2.8
14.0
0.2
 
152.0
179.6
27.6
2.4
14.0
0.3
 
188.0
203.0
15.0
3.1
17.0
0.1
313
113.4
180.2
66.8
3.0
28.0
0.2
314
126.5
160.3
33.8
2.3
17.0
0.1
315
143.6
174.0
30.4
1.9
19.0
0.3
 
203.5
221.9
18.5
1.4
12.0
0.1
316
158.8
179.0
20.2
2.1
38.0
0.2
317
141.0
162.0
21.0
3.2
31.4
0.2
 
164.5
180.0
15.5
2.3
38.0
0.0
318
156.0
181.4
25.4
2.5
10.0
0.0
319
132.6
142.1
9.6
2.1
7.5
0.2
 
148.9
180.1
30.2
3.1
34.0
0.2
320
30.3
38.9
8.6
1.5
8.5
0.2
321
178.0
198.3
20.3
3.7
7.6
0.1
including
184.0
190.0
6.0
5.8
9.1
0.1
 
228.9
237.7
8.8
1.9
14.0
0.2
322
140.1
177.3
37.2
4.3
54.4
0.1
including
141.5
156.0
14.5
5.9
37.0
0.1
and
158.0
167.0
9.0
5.2
62.3
0.1
323
92.0
128.0
36.0
7.1
15.3
0.6
including
113.0
126.1
13.1
17.9
27.9
1.6
including
123.4
126.1
2.7
76.7
88.9
7.2
324
146.0
184.0
38.0
4.3
14.4
0.1
including
161.0
171.0
10.0
6.5
27.1
0.2
and
176.0
182.0
6.0
8.1
18.3
0.1
 
204.0
210.0
6.0
2.3
12.2
0.1
 
227.1
230.3
3.2
5.6
55.4
0.6
 
233.2
238.3
5.2
14.0
367.0
6.7
 
 
 
325
111.0
144.5
33.5
1.6
16.7
0.0
 
148.9
173.0
24.1
2.8
30.9
0.2
326
141.2
152.5
11.3
2.5
5.7
0.0
 
169.0
188.8
19.8
2.1
12.0
0.1
 
199.8
207.3
7.4
1.8
25.0
0.1
327
109.0
154.6
45.6
2.9
20.0
0.1
328
134.8
153.0
18.2
3.8
9.2
0.1
including
145.0
151.0
6.0
7.8
20.0
0.2
 
158.0
205.0
47.0
2.6
10.0
0.1
including
164.5
171.0
6.5
5.8
12.0
0.1
 
179.0
189.0
10.0
3.2
18.0
0.3
329
114.9
166.6
51.8
2.4
14.0
0.1
330
112.1
168.8
56.7
2.1
10.0
0.1
including
136.0
152.0
16.0
3.0
8.7
0.1
331
125.6
187.4
61.8
2.5
14.0
0.1
332
105.6
124.0
18.4
7.6
23.0
0.5
 
139.0
147.8
8.8
3.2
18.0
0.3
333
101.0
209.0
108.0
16.2
83.6
1.3
including
147.7
184.0
36.3
44.1
229.0
3.6
334
104.0
174.0
70.0
2.5
9.7
0.1
including
138.0
149.0
11.0
3.9
15.1
0.2
335
136.9
179.0
42.1
3.6
32.0
0.1
including
144.0
149.9
5.9
9.5
29.0
0.1
336
151.0
186.5
35.5
2.8
6.9
0.1
including
153.0
162.0
9.0
4.4
9.8
0.1
337
108.2
176.9
68.7
10.0
25.2
0.7
including
110.7
150.6
39.9
14.9
32.9
0.9
338
137.5
175.9
38.4
2.9
22.0
0.1
including
165.0
175.9
10.9
4.1
49.0
0.2
339
97.7
103.6
5.9
4.1
16.2
0.1
 
108.3
154.0
45.7
5.6
23.1
0.2
including
129.5
138.6
9.1
6.7
25.8
0.3
340
110.0
164.6
54.6
1.2
2.8
0.0
 341
218.2
224.2
6.0
1.2
36.0
0.1
 
233.9
236.4
2.5
1.2
33.0
0.1
342
171.6
185.0
13.5
1.8
34.0
0.1
344
120.1
199.7
79.7
2.8
7.8
0.2
including
140.0
153.5
13.6
6.5
12.0
0.2
345
84.6
95.0
10.5
2.4
29.0
0.1
346
143.0
165.8
22.8
2.6
9.5
0.1
 
175.4
191.2
15.9
3.2
9.0
0.1
 
 
 
347
66.0
151.3
85.3
3.1
12.0
0.1
Including
114.5
151.3
36.8
5.4
21.0
0.1
348
120.5
163.7
43.2
2.2
15.0
0.1
including
120.5
129.4
8.9
5.8
24.0
0.1
*Hole 343 showed no mineralization

 
Qualified Person/Quality Control Notes 

Analyses of gold in drill core samples were carried out by fire assay at the laboratory of BSI in Lima, Peru and copper and silver analyses were carried out by the same laboratory. As part of the quality control program 10% of the total drilled samples were re-analyzed by ALS Chemex, also in Lima.

The “Qualified Person” reviewing the work at Quimsacocha is Marcus Tomkinson, Vice-President of Exploration at IAMGOLD, who as a result of his education, affiliation with a professional association and good background, fulfills the requirements to be a “Qualified Person” for the purposes of NI43-101.
 
For further information please contact:
 
IAMGOLD Corporation:

Lisa Doddridge
  
Marcus Tomkinson
Manager, Investor Relations
  
Vice President, Exploration
Tel: (416) 360-4710
Fax: (416) 360-4764
Toll-free: 1 888 IMG-9999

Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com and through CCN Matthew’s website at www.ccnmatthews.com. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.