i-80 Gold Corp. (TSX: IAU) reported this morning the assay results for the first phase of drilling at its Granite Creek property in Nevada. The results highlighted an intersect of 7.54 g/t gold over 48.6 metres.
The drill program was designed for geotechnical and metallurgical purposes for permitting a planned open-pit project. In August 2021, the firm reported an intersect of 6.80 g/t gold over 51.1 metres from the maiden hole drilled for the program.
Highlights of the drill results include:
Sponsored · Altamira Gold Corp.
- iGM21-09: 7.54 g/t gold over 48.6 metres
- iGM21-08: 2.25 g/t gold over 125.3 metres
- iGM21-06: 2.45 g/t gold over 5.2 metres and 36.74 g/t gold over 9.1 metres
“These successes bode well for the planned ramp-up of underground mining, planned for H1-2022 and the long-term future of this exciting property,” said i-80 Gold President Matt Gili.
Consequently, the majority of the ongoing program is focused on defining and expanding mineralization in areas proximal to existing underground mine workings at the property.
In November 2021, the mining firm also reported results from the concurrent surface drill program at the property, highlighting an intersect of 14.7 g/t gold over 10.2 metres.
i-80 Gold last traded at $2.62 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
