Additional Results Include 7.0 g/t Au over 71.6 m, 9.1 g/t Au over 24.7 m & 9.0 g/t Au over 18.3 m
Initial drilling in 2021 was focused on confirming high-grade mineralization within the
Highlight results from initial drilling in the Ruby Deeps horizon:
- iRH21-02: 7.0 g/t Au over 71.6 m (0.20 oz/ton – 235.0 ft) incl. 9.0 g/t Au over 15.8 m (0.26 oz/ton – 52.0 ft) and 7.7 g/t Au over 16.5 m (0.23 oz/ton – 54.0 ft)
- iRH21-03: 9.0 g/t Au over 18.3 m (0.26 oz/ton – 60.0 ft) incl. 10.7 g/t Au over 12.2 m (0.31 oz/ton – 40.0 ft)
- iRH21-04: 9.1 g/t Au over 24.7 m (0.26 oz/ton – 81.0 ft) incl. 11.0 g/t Au over 16.2 m (0.32 oz/ton – 53.0 ft)
- iRH21-05: 7.1 g/t Au over 78.6 m (0.21 oz/ton – 258.0 ft) incl. 10.1 g/t Au over 41.8 m (0.29 oz/ton – 137.0 ft)
The ongoing infill and step-out drill program will aide in the advancement of the Company's plan to develop an underground mine at Ruby Hill, accessed via ramp from the Archimedes open pit. Infill drilling is being completed for initial mine planning and to upgrade resources for the completion of an economic study. Step-out drilling is also being completed with a focus on expanding mineralization in advance of completing a revised resource estimate at year-end. The current program at Ruby Hill is one of several ongoing and planned drill programs in 2022 that are expected to comprise in excess of 50,000 metres.
The
It is expected that refractory mineralization mined from the underground operation at Ruby Hill will be trucked to the Company's
"
Table 1 – Highlight Assay Results from
New 2022 Drill Results from | ||||||
Drillhole ID | Zone | Type | From (m) | To (m) | Length (m) | Au (g/t) |
iRH21-01 | Ruby Deeps | Core | 599.2 | 604.9 | 5.6 | 3.7 |
iRH21-02 | Ruby Deeps | Core | 585.2 | 656.8 | 71.6 | 7.0 |
including | Ruby Deeps | Core | 588.3 | 604.1 | 15.8 | 9.0 |
and | Ruby Deeps | Core | 640.4 | 656.8 | 16.5 | 7.7 |
iRH21-03 | Ruby Deeps | Core | 689.2 | 707.4 | 18.3 | 9.0 |
including | Ruby Deeps | Core | 695.2 | 707.4 | 12.2 | 10.7 |
iRH21-04 | Ruby Deeps | Core | 699.2 | 723.9 | 24.7 | 9.1 |
including | Ruby Deeps | Core | 707.7 | 723.9 | 16.2 | 11.0 |
iRH21-05 | Ruby Deeps | Core | 650.4 | 729.1 | 78.6 | 7.1 |
including | Ruby Deeps | Core | 687.3 | 729.1 | 41.8 | 10.1 |
UTM | Drillhole ID | East m | North m | Elevation m | Azimuth | Dip |
iRH21-01 | 587059 | 4375983 | 1958 | 167 | -87 | |
iRH21-02 | 587065 | 4375987 | 1958 | 108 | -85 | |
iRH21-03 | 587181 | 4376122 | 1981 | 260 | -88 | |
iRH21-04 | 587186 | 4376118 | 1981 | 207 | -86 | |
iRH21-05 | 587197 | 4376131 | 1981 | 330 | -86 |
Investor Day Webcast & Conference Call
Conference Call
North American Toll-free: 1-888-204-4368
Confirmation #: 3896886
Webcast Link
Click HERE to access the webcast or visit our website at www.i80gold.com.
Conference Call Replay
A recording of the call can be accessed until
North American Toll-free Replay: 1-888-203-1112
Replay Code: 3896886
QAQC Procedures
All samples were submitted to either ALS Minerals (ALS) or
Qualified Person
Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified Person within the meaning of NI 43-101.
About
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, the expansion or mineral resources at Ruby Hill and the potential of the Ruby Hill project . Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
View original content to download multimedia:https://www.prnewswire.com/news-releases/i-80-gold-drilling-intersects-7-1-gt-au-over-78-6-m-including-10-1-gt-au-over-41-8-m-at-ruby-hill-301544440.html
SOURCE
© Canada Newswire, source