Saturday, July 12, 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

i-80 Gold: The Granite Creek Open Pit PEA

Sometimes you have to give credit where its due. While i-80 Gold (TSX: IAU) has...

Saturday, March 15, 2025, 02:26:00 PM

i-80 Sees 15,752 Ounces Of Gold, 1,440 Ounces Of Silver Produced At South Arturo In Q1

i-80 Gold Corp. (TSX: IAU) provided an update for first quarter 2021 South Arturo production...

Wednesday, May 19, 2021, 08:20:36 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 Begins Underground Drill Program At Granite Creek

i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has...

Wednesday, June 16, 2021, 07:49:31 AM

i-80 Gold Drills 14.7 G/T Gold Over 10.2 Metres At Granite Creek

i-80 Gold Corp. (TSX: IAU) reported this morning the assay results from the ongoing surface...

Tuesday, November 16, 2021, 11:28:00 AM