11:12 AM EST - IAMGOLD Corporation : announced positive results from the updated Preliminary Assessment Study on its 100%-owned Westwood Gold Project located in Quebec, two kilometres east of IAMGOLD's producing Doyon Mine. The results of the Study provide confidence for Westwood to move forward with a target for production in early 2013, and with an $86-million budget approved for 2009. IAMGOLD Corporation
shares T.IMG are trading down 3 cents at $6.72.