RENO, Nev., Oct. 22, 2021 /PRNewswire/ - i-80 GOLD
CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the
"Company") is pleased to announce that it has filed a technical
report prepared for the Ruby Hill Project, in accordance with
Canadian Securities Administrators' National Instrument 43-101. The
report may be found on the Company website and under the Company's
profile at www.sedar.com.
The independent report, dated October 22,
2021 (effective date July 31,
2021), titled "NI 43-101 Report on 2021 Ruby Hill Mineral
Resource Estimate Eureka Country, Nevada,
USA" was completed by Wood Canada Limited and provides
detail to the disclosure contained in the Company's news releases
issued on September 7, 2021 and
October 18, 2021. Qualified persons
for the Report include Christopher
Wright, P.Geo. and Raymond H.
Walton, B.Tech., P.Eng., Ray Walton Consulting Inc.
Ruby Hill represents one of Nevada's premier mining projects with existing
production from the Archimedes open pit and a large property that
is host to multiple gold, gold/silver, and polymetallic gold
deposits, that collectively comprise one of the largest and
highest-grade, permitted, gold deposits in Nevada.
About i-80 Gold Corp.
i-80 Gold Corp. is a well-financed Nevada-focused mining company with a goal of
achieving mid-tier gold producer status.
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, financing
transaction with Orion, completion of refurbishment and development
activities at the Lone Tree project, commencement of mining
operations at the Lone Tree and Buffalo Mountain projects or
exploration and development activities the Ruby Hill mine. 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: failure to satisfy of
the relevant conditions to the completion of the transactions
described herein, failure to obtain the relevant regulatory
approvals, material adverse changes, exercise of termination rights
by any relevant party, unexpected changes in laws, failure to
complete the Orion financing transaction on satisfactory terms,
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, refurbishment, development
or mining programs or studies to deliver anticipated results or
results that would justify and support continued exploration,
studies, development or operations.
Cautionary Note to U.S. Investors Concerning Estimates of
Resources: This press release uses the term "inferred resources."
"Inferred resources" have a great amount of uncertainty as to their
existence, and great uncertainty as to their economic and legal
feasibility. Under Canadian rules, estimates of inferred mineral
resources may not form the basis of a feasibility study or
prefeasibility study, except in rare cases. Information contained
in the press release containing descriptions of any mineral
deposits may not be comparable to similar information made public
by U.S. companies subject to the reporting and disclosure
requirements under the United
States federal securities laws and the rules and regulations
thereunder that disclose mineral reserves and mineral resources in
accordance with Industry Guide 7 or the SEC's new mining disclosure
rules in Regulation S-K 1300. SEC Industry Guide 7 does not
recognize the existence of resources. Under Regulation S-K 1300,
reserve and resource definitions are substantially similar to the
corresponding CIM Definition Standards; however, there are
differences between NI 43-101 and Regulation S-K 1300 and therefore
information contained in the press release may not be comparable to
similar information made public by public U.S. companies pursuant
to the Regulation S-K 1300 or SEC Industry Guide 7.
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SOURCE i-80 Gold Corp