Sunday, June 1, 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.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

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 Outlines $155 Million After-Tax NPV For Granite Creek Underground In PEA

i-80 Gold (TSX: IAU) has released a preliminary economic assessment for its Granite Greek Underground...

Wednesday, March 5, 2025, 07:34:56 AM

Equinox Gold Invests Further $12.6 Million Into i-80 Gold

It appears that Equinox Gold (TSX: EQX) continues to be interested in being a major...

Friday, December 10, 2021, 09:05:01 AM

i-80 Gold Outlines $421 NPV For Granite Creek Open Pit Project

i-80 Gold (TSX: IAU) has released the results of its preliminary economic assessment conducted on...

Thursday, March 6, 2025, 08:57:00 AM

i-80 Gold Corp To Raise $86 Million At All Time Low Share Price

i-80 Gold Corp (TSX: IAU) announced it is raising further funds for its operations this...

Monday, April 8, 2024, 09:54:52 AM