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BRIEF-Tolima Gold enters agreement with IAMGOLD Corp to explore gold belt in Colombia

Oct 9 (Reuters) - Tolima Gold Inc :

* Tolima Gold Inc. and IAMGOLD Corporation enter option to form a joint venture to explore tolima's ancal project in the middle cauca gold belt in Colombia

* As consideration for granting of option, IAMGOLD has agreed to pay Tolima $1 million in 2 equal installments

* IAMGOLD will have the option to acquire up to 70% interest in 26 mining properties comprising tolima's ancal project

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