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    IAU   CA44955L1067

I-80 GOLD CORP.

(IAU)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-12-01 pm EST
3.960 CAD   +3.66%
11/29I-80 Gold Rises as Expands High-Grade Gold Mineralization at Ruby Hill; National Bank Notes Buoyant Grades
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11/29I-80 Gold Says Expanding High-Grade Gold Mineralization at Ruby Hill in Nevada
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11/29I-80 Gold Brief: Expanding High-Grade Gold Mineralization at Ruby Hill
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I-80 Gold Drilling Expands South Pacific Zone High-Grade at Granite Creek

09/13/2022 | 06:00am EST

i-80 GOLD CORP. announced results from an additional 19 holes drilled in the ongoing 2022 surface drill program testing the high-grade South Pacific Zone at the Company's Granite Creek Property ("Granite Creek" or "the Property") located in Humboldt County, Nevada. The South Pacific Zone ("SPZ") is a new zone of high-grade gold mineralization located immediately north of the underground mine workings at Granite Creek.

Drilling continues to delineate and expand mineralization in the SPZ with new results indicating significant expansion potential including hole iGS22-24 that returned 10.7 g/t gold (Au) over 14.5 metres (m) and is a 40 m northern step-out from iGS22-04 (11.2 g/t Au over 7.3 m). Additionally, hole iGS22-16 was drilled in the southern portion of the SPZ, with three impressive intervals within 100 m of existing underground workings, including 15.5 g/t Au over 2.7 m, 19.6 g/t Au over 10.4 m and 10.2 g/t Au over 4.9 m. The SPZ remains open for expansion along strike to the north and at depth. Highlight results from 2022 drilling in the South Pacific Zone (and adjacent horizons): 12.1 g/t Au over 7.0 m (0.35 oz/ton Au over 23.0 feet) in hole iGS22-07.

19.6 g/t Au over 10.4 m (0.57 oz/ton Au over 34.0 feet) in hole iGS22-16. 44.4 g/t Au over 6.4 m (1.30 oz/ton Au over 21.0 feet) in hole iGS22-18. 10.7 g/t Au over 14.5 m (0.31 oz/ton Au over 47.7 feet) in hole iGS22-24.

15.3 g/t Au over 7.1 m (0.45 oz/ton Au over 23.4 feet) in hole iGS22-25. The SPZ is the priority target of the ongoing surface drill program at Granite Creek and is anticipated to be included in a resource update following the 2022 program. Multiple holes were drilled to better define the upper and southern limits of the SPZ and returned modest results, as was anticipated based on historic drilling.

Additional drilling in 2022 has been completed along strike and at depth, with assays pending, and has continued to intersect mineralization within the target horizon, suggesting further upside. So far in 2022, more than 30 holes have been drilled in the SPZ. High-grade mineralization at Granite Creek occurs in a near-identical geological setting as that at the multi-million-ounce Turquoise Ridge Mine located immediately to the north; proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the large Osgood Mountains intrusive complex.

The Granite Creek deposit remains open at depth and along strike from the existing underground workings. The Granite Creek Property is strategically located proximal to Nevada Gold Mines'Turquoise Ridge and Twin Creeks mines at the north end of the Battle Mountain-Eureka Trend, at its intersection with the Getchell gold belt in Nevada. All samples were submitted to ALS Minerals (ALS) of Sparks, NV, which is an ISO 9001 and 17025 certified and accredited laboratory, independent of the Company.

Samples submitted through ALS are run through standard prep methods and analyzed using Au-AA23 (Au; 30g fire assay) and ME-ICP41 (35 element suite; 0.5g Aqua Regia/ICP-AES). ALS also undertakes their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. i-80 Gold Corp.'s QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results.


ę S&P Capital IQ 2022
All news about I-80 GOLD CORP.
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Financials (USD)
Sales 2022 44,7 M - -
Net income 2022 48,0 M - -
Net cash 2022 9,50 M - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 678 M 678 M -
EV / Sales 2022 15,0x
EV / Sales 2023 8,01x
Nbr of Employees -
Free-Float 71,7%
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Number of Analysts 8
Last Close Price 2,82 $
Average target price 3,53 $
Spread / Average Target 25,1%
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Managers and Directors
Ewan Stewart Downie Chief Executive Officer & Director
Mathew D. Gili President & Chief Operating Officer
Ryan Brent Snow Chief Financial Officer
Ronald W. Clayton Chairman
Eva Bellissimo Director
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