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TSX :IMG : 3.95 -0.03 -0.75% Volume: 101,654 April 24, 2019
NYSE :IAG : 2.94 -0.02 -0.68% Volume: 151,831 April 24, 2019
GOLD PRICE: 1,274.47 +1.32 +0.1% Volume: April 24, 2019

Siribaya, Mali

Greenfield Exploration

On February 28, 2017, the Company acquired, in an all share transaction, all of the issued and outstanding common shares and all of the outstanding common share purchase warrants and options that it did not already own of Merrex Gold. Merrex is a Canadian junior exploration company that owns a 50% interest in the Siribaya project in Mali. Including the 50% previous ownership interest, the Company now has a 100% interest in the Siribaya project.

Effective December 31, 2016, total resources estimated for the Siribaya project include indicated resources of 2.1 million tonnes grading 1.9 g/t Au for 129,000 ounces of gold, and inferred resources of 19.8 million tonnes grading 1.7 g/t Au for 1.1 million ounces. Of the inferred resources, the recently discovered Diakha deposit hosts 14.8 million tonnes grading 1.8 g/t Au for 863,000 ounces, accounting for 75% of the total tonnage and 79% of the contained gold within the total inferred resources at Siribaya.

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