Peter Dalali Kafumu, the Commissioner of Minerals in the Ministry of Energy, said Iamgold informed the government in September this year that it was winding up its activities. This was after realising that there were minimal prospects of gold at the formerly government-owned Buckreef project. Joseph Conway, chief executive officer of Iamgold, has confirmed that since acquiring the Buckreef project, the firm has spent about $15 million and completed over 100,000 metres of drilling. Mr Conway said that, regrettably, the work has not increased the resource base materially, and that preliminary metallurgical studies indicate only low to moderate recoveries from heap leaching.
buckwheat is worthless. sinclair got it for free. he fooled everyone into thinking they got the goods. the market will eventually sniff this out and send the shares below $1.00. i would say within 3 years this company will be extinct and jsmineset.com will go dark.