i-80 Gold Initiates Underground Test Mining Program at Granite Creek, Nevada T.IAU i-80 held a 40% interest in the South Arturo Property in partnership with Nevada Gold Mines, a joint venture between Barrick Gold Corporation and Newmont Corporation, that owned the remaining 60% interest.
$The South Arturo Mine in Nevada; a joint venture was operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
RENO, Nev., Sept.14, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that initial rehabilitation of the underground workings has been completed at the Company's Granite Creek Mine ("Granite Creek" or "the Property") property located in Humboldt County, Nevada and an underground test mining program is now underway.
Granite Creek hosts both open pit and underground resources and is located proximal to Nevada Gold Mines' ("NGM") Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The underground deposit at Granite Creek represents one of the highest-grade gold deposits in North America with resource grades in excess of 10 grams per tonne gold (see Table 1 below).
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF) (“i-80”, or the “Company”) is pleased to announce that assay results for the first hole drilled at the Company’s Granite Creek Property (“Granite Creek” or “the Property”) located in Humboldt County, Nevada has returned high-grade results that confirm the high-grade open pit opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit intersected two zones of mineralization grading 3.17 g/t Au over 7.5 m and 6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure below the pit (true widths unknown) and returned exceptional grades that appear to be oxide mineralization based on an average cyanide soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite Creek is complete (see Figure 2 below) and multiple assays remain pending. The drill program was focused on intersecting material to be used for metallurgical and geotechnical purposes in advance of initiating permitting for an open pit mine and on-site processing.
$SOUTH ARTURO GOLD MINE: Located along the northern section of the productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with Nevada Gold Mines, a joint venture between Barrick Gold Corporation and Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with the Phase 2 open pit it has delivered consistent results.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving mid-tier gold producer status through the development of the Company’s advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo, i-80 is advancing economic studies and test mining at the Granite Creek Project, and planning for advanced underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO Matthew Gollat – EVP Business & Corporate Development 1.866.525.6450 Info@i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at South Arturo (joint venture with Nevada Gold Mines – a joint venture between Barrick Gold Corporation and Newmont Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
i-80 Gold Begins Underground Drill Program At Granite Creek June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
i-80 Gold Begins Underground Drill Program At Granite Creek June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada- Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status; Ewan Downie, CEO Interviewed By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU), the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at South Arturo (joint venture with Nevada Gold Mines – a joint venture between Barrick Gold Corporation and Newmont Corporation).
The Company is also advancing the development of its 100% owned, feasibility-stage McCoy-Cove projects, located proximal to Nevada Gold Mines’ Phoenix operation, and its past producing Getchell project that is located immediately south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021, followed by the commissioning of a Preliminary Feasibility or Feasibility Study, immediately after.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS Minerals and American Assay Labs in Reno, Nevada. For a complete description of sample preparation, analytical methods and QA/QC procedures, refer to the technical report dated January 25, 2021 (effective date December 1, 2020), titled “Preliminary Feasibility Study for the South Arturo Mine, Elko County, NV” located on i-80’s website https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).