Saturday, August 2, 2025

Latest

i-80 Gold’s First Hole At Granite Creek Drills 6.80 G/T Gold

i-80 Gold Corp. (TSX: IAU) reported this morning the assay results from the first hole drilled at its Granite Creek property in Humboldt County, Nevada. The mining firm started underground drilling activities on the project in June 2021 after the overhauling of underground drill bays was completed.

The maiden drill hole iGM21-01 intersected two zones of mineralization:

  • 3.17 g/t gold over 7.5 metres starting from 33.8 metre-mark, and
  • 6.80 g/t gold over 51.1 metres starting from 83.7 metre-mark
    • including 8.42 g/t gold over 39.6 metres.

“Advancing the Granite Creek Mine Project is the company’s primary focus for 2021. With more than 20,000 metres of drilling planned in the current program, our goal will be to increase resources, advance permitting to facilitate open-pit mining, and prepare for underground test mining that is expected to be initiated this year,” said i-80 Gold President and COO Matt Gili.

The company also relayed that the primary goal of the 2021 drill program is “to advance underground and open pit opportunities to production”. The program is also expected to define and expand mineralization on the property as it completes the preliminary economic assessment report in the coming weeks.

Earlier this month, the Nevada-focused mining firm reported Q2 2021 revenue of $10.3 million.

i-80 Gold last traded at $2.53 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.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

i-80 Gold Reports Revenue Of $10.3 Million For Q2 2021

i-80 GOLD CORP. (TSX: IAU) late last night posted its financial results for the second...

Wednesday, August 11, 2021, 08:37:35 AM

i-80 Gold Assays 48.6 Metres Of 7.54 G/T Gold At Granite Creek

i-80 Gold Corp. (TSX: IAU) reported this morning the assay results for the first phase...

Wednesday, December 8, 2021, 09:24:00 AM

i-80 Gold Closes ATM Program After Raising $25.1 Million

i-80 Gold (TSX: IAU) has closed out its at-the-market equity program after having been stuck...

Wednesday, March 12, 2025, 09:42:57 AM

i-80 Gold Q3 Earnings: Complete Disaster

I-80 Gold’s (TSX: IAU) Q3 earnings were catastrophic, with the company recording a 13% revenue...

Sunday, November 17, 2024, 01:37:00 PM

I-80 Gold Q1 Earnings: The Struggle Continues

It seems that every quarter we have this same discussion, yet here we are again....

Sunday, May 18, 2025, 03:41:00 PM