InvestmentPitch Media Video Discusses i-80 Gold Corp’s Bonanza-Grade CRD Mineralization from the First Follow-Up Holes at Recently Discovered Hilltop Zone at 100%‑Owned Ruby Hill Property, Nevada
21 November 2022 - 10:00PM
i-80 Gold Corp (TSX:IAU) (NYSE:IAUX) (FSE:8JI) reported
bonanza-grade CRD mineralization from the first four holes drilled
to follow-up the recently discovered Hilltop Zone at the Company's
100%‑owned Ruby Hill Property located in Eureka County, Nevada.
With 5 properties in Nevada, i-80 Gold is one of the largest
holders of gold and silver resources in the United States.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional information
about this news and the company along with video comments from Ewan
Downie, CEO, who discusses the company and its other ongoing
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Highlights from recent core drilling in the "Upper
Horizon" at the Hilltop target include:
- Hole iRH22-51, which returned 33.0 g/t
gold, 3010.0 g/t silver & 63.5% lead over 0.6 metres and 3.1
g/t gold, 683.3 g/t silver & 37.6% lead over 14.6
metres.
- Hole iRH22-53, which returned 1.9 g/t gold, 631.3 g/t
silver, 7.4% zinc & 33.0% lead over 18.3 metres
- Hole iRH22-54, which returned 0.6 g/t gold, 374.1 g/t
silver, 3.9% zinc & 20.2% lead over 20.8 metres, and
- Hole iRH22-55, which returned 60.2 g/t gold, 908.7 g/t
silver, 1.1% zinc & 15.7% lead over 10.0 metres, including 83.2
g/t gold, 1261.0 g/t silver, 1.5% zinc, & 22.1% lead over 7.0
metres
These results confirmed the high-grade,
polymetallic CRD mineralization previous reported in the discovery
hole, iRH22-43, in the Upper Hilltop Zone, announced August 30th,
which returned an impressive 515.3 grams per tonne silver,
28.9% lead, 10.5% zinc & 0.9 grams per tonne gold over 28.3
metres.
Owing to this successful drilling at the Hilltop
Zone, the program at Ruby Hill has again been expanded to
facilitate additional step-out drilling at this target.
In addition to the Upper Horizon, drilling is
testing the Lower Horizon, where the initial hole iRH22-25
intersected multiple zones of mineralization including 238.8 g/t
silver, 11.0% zinc and 9.0% lead over 9.4 metres and 469.5 g/t
silver, 11.8% zinc and 18.2% lead over 2.1 metres. Drilling is
being completed in both the Upper and Lower Hilltop horizons with
assays pending.
The Hilltop discovery is a new zone of
mineralization, located approximately 400 metres southwest of the
polymetallic Blackjack Zone, immediately south of the Archimedes
pit and proximal to the planned portal that the company is
advancing for construction. Mineralization consists of polymetallic
carbonate replacement (CRD) in the form of massive and semi-massive
sulphide and oxide mineralization containing high-grade precious
metals and base metals. Continued definition and expansion drilling
is underway and the horizon remains open along strike and at
depth.
The Hilltop discovery opens up a structural
corridor measuring greater than 1.5 km between the Archimedes pit
and the original Ruby Hill Mine, which was previously underexplored
due to post-mineral alluvial cover. Mineralization in the upper
horizon occurs immediately below alluvial cover at a depth of
approximately 150 metres. Geophysical surveys have been completed
over the discovery area, including downhole electromagnetic (EM)
and surface and induced polarization (IP) surveys, in an effort to
identify additional massive sulfide targets.
Infill and step-out drilling was also completed in
2022 in the Ruby Deeps (Carlin-type) gold deposit to aide in the
advancement of the company's plan to develop an underground mine at
Ruby Hill with mineralization accessed via a ramp from the
Archimedes open pit.
The Ruby Hill Property is one of the company's
primary assets and is host to the core processing infrastructure
within the Eureka District of the Battle Mountain-Eureka Trend
including an idle leach plant, an active heap leach facility, and
is host to multiple gold, gold-silver and polymetallic (base metal)
deposits. The current program at Ruby Hill is one of several drill
programs on i-80 projects in 2022 that are collectively budgeted to
comprise more than 50,000 metres.
Work is also progressing for the completion of
updated mineral resource estimates for the gold and polymetallic
zones and an initial economic study focused on the gold zones.
The shares are trading at $3.37, up significantly
from the $2.80 price prior to the release of these results. For
more information, please visit the company’s website at
www.i80gold.com.
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