NYBob
3 years ago
Gold Will EXPLODE When This Happens... Mark Bristow | Inflation & Latest Price Prediction
https://www.youtube.com/watch?v=KknCO9OA38I
$i-80 Gold Intersects High-Grade Gold in Underground Drilling at Granite Creek English
i-80 Gold Corp Logo (CNW Group/i-80 Gold Corp)
NEWS PROVIDED BY
i-80 Gold Corp
Oct 28, 2021, 06:00 ET
$Including 41.3 g/t Au over 7.1 m & 16.0 g/t Au over 7.3 m
RENO, Nev., Oct. 28, 2021 /PRNewswire/ -
$i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company")
is pleased to announce positive initial assay results from the ongoing
underground drill program at the Company's Granite Creek Property
("Granite Creek" or "the Property") located in Humboldt County, Nevada.
https://www.prnewswire.com/news-releases/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek-301410644.html
$i-80 Gold Corp closes acquisition of Ruby Hill after Lone Tree and Buffalo Mountain transactions
Oct 19, 2021
https://www.youtube.com/watch?v=ZW2eRUs8MiA
$i-80 Gold Corp begins test mining program at its Granite Creek property in Nevada
Sep 15, 2021
Proactive
I-80 Gold Corp CEO Ewan Downie tells Proactive the Reno-based group is
hoping to advance underground drilling and test mining on the Granite Creek property, which he says is one of the highest-grade gold deposits in North America with resource grades of over 10 grams per ton (g/t) gold.
Downie says the test mining program will verify the appropriate methods, cycles and sequences for mining, and will include both mechanical cutting and conventional mining methods. He says four surface and underground drills will prepare the project -
https://www.youtube.com/watch?v=0LP1Po2ApiA
i-80 Gold Initiates Underground Test Mining Program at Granite Creek, Nevada
T.IAU | 2 days ago
RENO, Nev., Sept.14, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that initial rehabilitation of the underground workings has been completed at the Company's Granite Creek Mine ("Granite Creek" or "the Property") property located in Humboldt County, Nevada and an underground test mining program is now underway.
Granite Creek hosts both open pit and underground resources and is located proximal to Nevada Gold Mines' ("NGM") Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The underground deposit at Granite Creek represents one of the highest-grade gold deposits in North America with resource grades in excess of 10 grams per tonne gold (see Table 1 below).
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF)
(“i-80”, or the “Company”) is pleased to announce that assay results
for the first hole drilled at the Company’s Granite Creek Property
(“Granite Creek” or “the Property”) located in Humboldt County, Nevada
has returned high-grade results that confirm the high-grade open pit
opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit
intersected two zones of mineralization grading
3.17 g/t Au over 7.5 m and
6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure
below the pit (true widths unknown) and returned exceptional grades
that appear to be oxide mineralization based on an average cyanide
soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite
Creek is complete (see Figure 2 below) and multiple assays remain
pending.
The drill program was focused on intersecting material to be used for
metallurgical and geotechnical purposes in advance of initiating
permitting for an open pit mine and on-site processing.
https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-open-pit-drilling-at-granite-creek/
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
NYBob
3 years ago
$i-80 Gold Intersects High-Grade Gold in Underground Drilling at Granite Creek English
i-80 Gold Corp Logo (CNW Group/i-80 Gold Corp)
NEWS PROVIDED BY
i-80 Gold Corp
Oct 28, 2021, 06:00 ET
$Including 41.3 g/t Au over 7.1 m & 16.0 g/t Au over 7.3 m
RENO, Nev., Oct. 28, 2021 /PRNewswire/ -
$i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company")
is pleased to announce positive initial assay results from the ongoing
underground drill program at the Company's Granite Creek Property
("Granite Creek" or "the Property") located in Humboldt County, Nevada.
https://www.prnewswire.com/news-releases/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek-301410644.html
$i-80 Gold Corp closes acquisition of Ruby Hill after Lone Tree and Buffalo Mountain transactions
Oct 19, 2021
https://www.youtube.com/watch?v=ZW2eRUs8MiA
$i-80 Gold Corp begins test mining program at its Granite Creek property in Nevada
Sep 15, 2021
Proactive
I-80 Gold Corp CEO Ewan Downie tells Proactive the Reno-based group is
hoping to advance underground drilling and test mining on the Granite Creek property, which he says is one of the highest-grade gold deposits in North America with resource grades of over 10 grams per ton (g/t) gold.
Downie says the test mining program will verify the appropriate methods, cycles and sequences for mining, and will include both mechanical cutting and conventional mining methods. He says four surface and underground drills will prepare the project -
https://www.youtube.com/watch?v=0LP1Po2ApiA
i-80 Gold Initiates Underground Test Mining Program at Granite Creek, Nevada
T.IAU | 2 days ago
RENO, Nev., Sept.14, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that initial rehabilitation of the underground workings has been completed at the Company's Granite Creek Mine ("Granite Creek" or "the Property") property located in Humboldt County, Nevada and an underground test mining program is now underway.
Granite Creek hosts both open pit and underground resources and is located proximal to Nevada Gold Mines' ("NGM") Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The underground deposit at Granite Creek represents one of the highest-grade gold deposits in North America with resource grades in excess of 10 grams per tonne gold (see Table 1 below).
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF)
(“i-80”, or the “Company”) is pleased to announce that assay results
for the first hole drilled at the Company’s Granite Creek Property
(“Granite Creek” or “the Property”) located in Humboldt County, Nevada
has returned high-grade results that confirm the high-grade open pit
opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit
intersected two zones of mineralization grading
3.17 g/t Au over 7.5 m and
6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure
below the pit (true widths unknown) and returned exceptional grades
that appear to be oxide mineralization based on an average cyanide
soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite
Creek is complete (see Figure 2 below) and multiple assays remain
pending.
The drill program was focused on intersecting material to be used for
metallurgical and geotechnical purposes in advance of initiating
permitting for an open pit mine and on-site processing.
https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-open-pit-drilling-at-granite-creek/
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$i-80 Gold Corp closes acquisition of Ruby Hill after Lone Tree and Buffalo Mountain transactions
54 viewsOct 19, 2021
https://www.youtube.com/watch?v=ZW2eRUs8MiA
$i-80 Gold Corp begins test mining program at its Granite Creek property in Nevada
66 views Sep 15, 2021
Proactive
I-80 Gold Corp CEO Ewan Downie tells Proactive the Reno-based group is
hoping to advance underground drilling and test mining on the Granite Creek property, which he says is one of the highest-grade gold deposits in North America with resource grades of over 10 grams per ton (g/t) gold.
Downie says the test mining program will verify the appropriate methods, cycles and sequences for mining, and will include both mechanical cutting and conventional mining methods. He says four surface and underground drills will prepare the project -
https://www.youtube.com/watch?v=0LP1Po2ApiA
i-80 Gold Initiates Underground Test Mining Program at Granite Creek, Nevada
T.IAU | 2 days ago
RENO, Nev., Sept.14, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that initial rehabilitation of the underground workings has been completed at the Company's Granite Creek Mine ("Granite Creek" or "the Property") property located in Humboldt County, Nevada and an underground test mining program is now underway.
Granite Creek hosts both open pit and underground resources and is located proximal to Nevada Gold Mines' ("NGM") Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The underground deposit at Granite Creek represents one of the highest-grade gold deposits in North America with resource grades in excess of 10 grams per tonne gold (see Table 1 below).
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF)
(“i-80”, or the “Company”) is pleased to announce that assay results
for the first hole drilled at the Company’s Granite Creek Property
(“Granite Creek” or “the Property”) located in Humboldt County, Nevada
has returned high-grade results that confirm the high-grade open pit
opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit
intersected two zones of mineralization grading
3.17 g/t Au over 7.5 m and
6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure
below the pit (true widths unknown) and returned exceptional grades
that appear to be oxide mineralization based on an average cyanide
soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite
Creek is complete (see Figure 2 below) and multiple assays remain
pending.
The drill program was focused on intersecting material to be used for
metallurgical and geotechnical purposes in advance of initiating
permitting for an open pit mine and on-site processing.
https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-open-pit-drilling-at-granite-creek/
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$i-80 Gold Corp begins test mining program at its Granite Creek property in Nevada
66 views Sep 15, 2021
Proactive
I-80 Gold Corp CEO Ewan Downie tells Proactive the Reno-based group is
hoping to advance underground drilling and test mining on the Granite Creek property, which he says is one of the highest-grade gold deposits in North America with resource grades of over 10 grams per ton (g/t) gold.
Downie says the test mining program will verify the appropriate methods, cycles and sequences for mining, and will include both mechanical cutting and conventional mining methods. He says four surface and underground drills will prepare the project -
https://www.youtube.com/watch?v=0LP1Po2ApiA
i-80 Gold Initiates Underground Test Mining Program at Granite Creek, Nevada
T.IAU | 2 days ago
RENO, Nev., Sept.14, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that initial rehabilitation of the underground workings has been completed at the Company's Granite Creek Mine ("Granite Creek" or "the Property") property located in Humboldt County, Nevada and an underground test mining program is now underway.
Granite Creek hosts both open pit and underground resources and is located proximal to Nevada Gold Mines' ("NGM") Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The underground deposit at Granite Creek represents one of the highest-grade gold deposits in North America with resource grades in excess of 10 grams per tonne gold (see Table 1 below).
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF)
(“i-80”, or the “Company”) is pleased to announce that assay results
for the first hole drilled at the Company’s Granite Creek Property
(“Granite Creek” or “the Property”) located in Humboldt County, Nevada
has returned high-grade results that confirm the high-grade open pit
opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit
intersected two zones of mineralization grading
3.17 g/t Au over 7.5 m and
6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure
below the pit (true widths unknown) and returned exceptional grades
that appear to be oxide mineralization based on an average cyanide
soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite
Creek is complete (see Figure 2 below) and multiple assays remain
pending.
The drill program was focused on intersecting material to be used for
metallurgical and geotechnical purposes in advance of initiating
permitting for an open pit mine and on-site processing.
https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-open-pit-drilling-at-granite-creek/
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
i-80 Gold Initiates Underground Test Mining Program at Granite Creek, Nevada
T.IAU | 2 days ago
RENO, Nev., Sept.14, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that initial rehabilitation of the underground workings has been completed at the Company's Granite Creek Mine ("Granite Creek" or "the Property") property located in Humboldt County, Nevada and an underground test mining program is now underway.
Granite Creek hosts both open pit and underground resources and is located proximal to Nevada Gold Mines' ("NGM") Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The underground deposit at Granite Creek represents one of the highest-grade gold deposits in North America with resource grades in excess of 10 grams per tonne gold (see Table 1 below).
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF)
(“i-80”, or the “Company”) is pleased to announce that assay results
for the first hole drilled at the Company’s Granite Creek Property
(“Granite Creek” or “the Property”) located in Humboldt County, Nevada
has returned high-grade results that confirm the high-grade open pit
opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit
intersected two zones of mineralization grading
3.17 g/t Au over 7.5 m and
6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure
below the pit (true widths unknown) and returned exceptional grades
that appear to be oxide mineralization based on an average cyanide
soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite
Creek is complete (see Figure 2 below) and multiple assays remain
pending.
The drill program was focused on intersecting material to be used for
metallurgical and geotechnical purposes in advance of initiating
permitting for an open pit mine and on-site processing.
https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-open-pit-drilling-at-granite-creek/
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
$I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
Reno, Nevada, September 7, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF) (“i-80”, or the “Company”) is very pleased to announce that it has entered into definitive agreements to create a comprehensive Nevada mining complex through an asset exchange agreement to acquire certain processing infrastructure, including an autoclave, and the Lone Tree and Buffalo Mountain gold deposits from Nevada Gold Mines LLC (“NGM”) via an asset exchange in consideration for: (i) the Company’s 40% ownership in the South Arturo Property which will consolidate 100% ownership of South Arturo in NGM, providing NGM with flexibility to pursue potential operational synergies with NGM’s other Nevada properties; (ii) assignment of i-80’s option to acquire the adjacent Rodeo Creek exploration property; (iii) contingent consideration of up to $50 million based on production from the Lone Tree property; and (iv) arrangement of substitute bonding (and release of NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations at closing. The Company has also entered into an acquisition agreement to acquire the Ruby Hill Mine from affiliates of Waterton Global Resource Management (“Waterton”). Additionally, i-80 has entered into a private placement commitment with NGM whereby, conditional on the asset exchange transaction being completed[1], NGM will acquire from i-80 up to 9.9% interest in new i-80 treasury common shares for aggregate proceeds not to exceed $50 million, and a non-binding term sheet with Orion Mine Finance (“Orion”) for up to $240 million in acquisition and development financing. Equinox Gold Corp (“Equinox”) has also indicated that it will participate in the equity private placement through the exercise of a portion of its anti-dilute rights.
Highlights of the transactions are as follows:
i-80 increases overall Inferred gold Mineral Resource more than three and a half times and more than doubles i-80’s overall gold Measured + Indicated Mineral Resources1
Ruby Hill deposits host more than 100 million ounces of indicated silver mineral resources and more than 70 million ounces of inferred silver mineral resources1
Secures for i-80, the ability to process all types of gold bearing mineralization at the centrally located Lone Tree processing facility situated on Interstate 80 once the necessary refurbishment of the facility is completed. The Lone Tree facility includes an autoclave, carbon-in-leach (CIL) mill, Floatation Plant, and heap leach facility
i-80 will produce gold from the Ruby Hill open pit and residual leaching at Lone Tree
NGM will provide i-80 with interim processing capacity at its autoclave facilities until the earlier of the three-year anniversary of the asset exchange closing and such time that the Lone Tree facility is operational and also at its roaster facilities for a period of 10-years, subject in each case to extension by mutual agreement
The Company is pursuing financing arrangements that complement the Company’s strong cash position ($70.1 million as at June 30, 2021) including:
Concurrent with the closing of the asset exchange, NGM will subscribe for new i-80 treasury common shares representing up to a 9.9% interest in i-80 through a private placement for proceeds not to exceed $50 million
The Company has entered into a non-binding term sheet with Orion for up to $140 million of acquisition financing, with an additional $100 million potentially available via an accordion feature, at the election of i-80
At the closing of the asset exchange, NGM will reimburse i-80 an amount of approximately $7.3 million for certain expenditures previously advanced in relation to the South Arturo Property[2]
Equinox Gold Corp., the Company’s largest shareholder, is expected to participate in the private placement financing through the exercise of its anti-dilution rights
i-80 has entered into a definitive exchange agreement (the “Exchange Agreement“) to acquire the Lone Tree and Buffalo Mountain gold deposits from Nevada Gold Mines LLC (“NGM”), including certain processing infrastructure, via an asset exchange in consideration for: (i) the Company’s 40% ownership in the South Arturo Property; (ii) assignment of i-80’s option to acquire the adjacent Rodeo Creek exploration property; (iii) contingent consideration of up to $50 million based on production from the Lone Tree property; and (iv) arrangement of substitute bonding (and release of NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations at closing. The Company has separately entered into a definitive membership interest purchase agreement (the “Ruby Hill Agreement“) to acquire the Ruby Hill Mine, which includes multiple deposits that collectively, have the potential to represent one of Nevada’s largest gold, silver and base metal endowments, from affiliates of Waterton Global Resource Management (“Waterton”). These two transactions are designed to position i-80 Gold as a prominent, stand alone, gold producer in the state of Nevada. Closing of each of the transactions with NGM, Waterton, Orion and the private placement are subject to the satisfaction of a number of conditions precedent detailed further below, including regulatory approvals and, in the case of Orion, completion of due diligence and the negotiation and execution of mutually satisfactory definitive documentation.
“These transformational acquisitions result in a significant increase in the Company’s mineral resource base, and position i-80 to become one of the largest gold producers in the State of Nevada with the capacity to process refractory and oxide mineralization”, stated Ewan Downie, Chief Executive Officer of i-80 Gold. “Importantly, i-80 gains a strategic advantage becoming one of only three companies in Nevada with infrastructure to process refractory mineral resources once the Lone Tree facility has been retrofitted to suit the Company’s deposits. We believe that this will allow i-80 to overcome a crucial barrier to entry that most of our peers face. In the interim, Nevada Gold Mines has agreed to provide processing capacity for i-80 mineral resources from the McCoy Cove, Granite Creek and Ruby Hill mines at its autoclave facilities until the earlier of three years from closing of the asset exchange and the date the Lone Tree facility becomes operational and will also provide i-80 with processing capacity for ore produced from the McCoy Cove mine at its roaster facilities for 10 years, in each case, subject to extension by mutual agreement, allowing i-80 to commence development of its assets on an expedited basis”.
The Lone Tree Property is being acquired from NGM, a joint-venture between the world’s two largest gold producers, Barrick Gold Corporation and Newmont Corporation. Lone Tree is a strategically located facility on Interstate 80, the primary highway through northern Nevada, and proximal to the northern Nevada railway, midway between i-80’s Granite Creek and McCoy-Cove projects (See Figure 1). The transaction with NGM will provide i-80 with important processing infrastructure including an autoclave, CIL mill, and a heap leach facility complete with assay lab and gold refinery, and also includes interim processing arrangements. NGM has further agreed to acquire up to a 9.9% interest in i-80 through a private placement at the Issue Price (as defined below) for proceeds not to exceed $50 million.
The producing Ruby Hill Mine is host to multiple deposits that collectively have the potential to represent one of the largest gold and silver resource endowments in the State of Nevada. Refractory mineralization from Ruby Hill is expected to be trucked to the Lone Tree Complex for processing following its refurbishment.
“The Lone Tree and Ruby Hill acquisitions will provide i-80 with substantial gold and silver resources and an opportunity to build a mid-tier gold producing company entirely within in the State of Nevada”, stated Matthew Gili, President and Chief Operating Officer of i-80 Gold. “Ruby Hill is host to multiple gold, silver, and poly-metallic deposits that remain wide open for expansion and is expected to be a major contributor to our goal of becoming the second largest producer in Nevada”.
Lone Tree Acquisition
Lone Tree represents a strategic acquisition for i-80, providing the Company with important infrastructure that, following successful refurbishment efforts, will allow it to process refractory and oxide mineralization. Currently on care and maintenance, the property hosts existing infrastructure that includes a whole ore autoclave with capacity of 1M tonnes/year, a flotation circuit with capacity of 1.8M tonnes/year, a CIC circuit & leach pad with 6.5M tonnes of remaining capacity, a tailings dam with 1.5M tonnes of remaining constructed capacity and an additional 10M tonnes of permitted capacity, a waste dump, along with several buildings useful for the development of all i-80’s projects including a warehouse, maintenance shop, admin building, and assay lab. The property is also host to substantial gold mineral resources1 and offers excellent exploration potential. All deposits at Lone Tree (Lone Tree, Second Chanse and Lynn) remain open for expansion.
Substantial open pit gold resources contained proximal to the Lone Tree open pit1
410,000 ounces of gold indicated mineral resources within 7.2M tonnes grading 1.77 g/t Au
2,764,000 ounces of gold inferred mineral resources within 50.7M tonnes grading 1.69 g/t Au
Resource expansion potential exists down-plunge of the main Lone Tree deposit and in the unmined Sequoia zone discovery where previous drilling returned multiple wide, high-grade, intercepts (50% estimated true width) including:
9.3 g/t Au across 45.7 m, 11.7 g/t Au across 16.8 m and 9.3 g/t Au across 15.2 m
Buffalo Mountain is a near-term development opportunity, located approximately 10 km southwest of Lone Tree, that has both open pit and underground potential. Previous drilling by NGM has outlined mineralization in two zones, with highlight intercepts (60-80% estimated true width) of:
5.6 g/t Au across 15.2 m, 7.9 g/t Au across 10.7 m and 1.4 g/t Au across 35.1 m in Second Chance deposit (open pit)
10.3 g/t Au across 9.1 m and 16.8 g/t Au across 6.1 m in the nearby Lynn Zone that warrants additional drilling
The Lone Tree and Buffalo Mountain Properties are being acquired by i-80’s wholly owned subsidiaries Goldcorp Dee LLC (“Goldcorp Dee”) and Au-Reka Gold LLC (“AuReka”) by way of asset exchange pursuant to the Exchange Agreement, in for (i) Goldcorp Dee’s 40% ownership in the South Arturo Property, (ii) assignment AuReka’s option to acquire the adjacent Rodeo Creek exploration property, (iii) contingent consideration of up to $50 million based on production from the Lone Tree property, and (iv) arrangement of substitute bonding (and release of NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations at closing. Conditional on closing of the asset exchange, NGM has also agreed to complete a private placement for up to a 9.9% interest in i-80 for proceeds not to exceed $50 million, described further under “Acquisition Financing” below. At the closing of the asset exchange, NGM will also reimburse i-80 approximately $7.3 million for amounts previously advanced by i-80 for the autonomous truck haulage test work completed at South Arturo and for funds advanced by i-80 that have not been used for reclamation activities.
In the event i-80 restarts the processing of ore at Lone Tree, NGM will be entitled to receive the following contingent payments of up to $50 million subject to the terms and conditions of the contingent consideration agreement:
An amount equal to $25.00 per recovered gold equivalent mineral reserve ounce identified in the feasibility study (the “Feasibility Study”) for the restart of mining at the Lone Tree mine (“Initial Contingent Consideration”), payable in two equal installments six months and 18 months following the later of commencement of commercial production at Lone Tree and the completion of the Feasibility Study; and
An amount equal to $25.00 per ounce of produced gold in excess of the number of recovered gold equivalent mineral reserve ounces (the “Continuing Contingent Consideration”), payable within five days after the end of each calendar quarter during which a payment of Continuing Contingent Consideration accrues, provided that the aggregate of the Initial Contingent Consideration and the Continuing Contingent Consideration shall not exceed $50 million.
i-80 considers the Lone Tree infrastructure to be a strategically located processing facility in Nevada, located on Interstate 80 with the Nevada Railway less than two kilometres to the north, and will be the platform from which i-80 intends to grow its business (see Figure 1 below).
Figure 1 – Aerial view of the Lone Tree Mine Site
The Lone Tree Deposit1 is host to a substantial gold resource that includes 410,000 ounces of gold (Indicated) at a grade of 1.77 g/t Au and 2,764,000 ounces (Inferred) at a grade of 1.69 g/t Au and offers substantial resource expansion potential at depth, down plunge (see Figure 2 below), and in the adjacent Sequoia zone (see Figure 3 below).
Figure 2 – 3D View of the Main Lone Tree Deposit including highlight intercepts
Figure 3 – 3D View displaying highlight intercepts drilled at the Sequoia Zone at Lone Tree
The Buffalo Mountain Property is located approximately 10 km to the West of Lone Tree (see Figure 4 below) and is host to multiple gold zones that have returned multiple significant intercepts including 10.3 g/t Au across 9.1 m and 16.8 g/t Au across 6.1 m at the Lynn zone and 5.6 g/t Au across 15.2 m and 7.9 g/t Au across 10.7 m in the Second Chanse zone (60-80% estimated true width). NGM has initiated the permitting of Buffalo Mountain for development and i-80 expects to continue this effort to commence mining Buffalo Mountain and processing material on the heap leach pad at Lone Tree. The Company expects to complete a mineral resource estimate for Buffalo Mountain in the future.
Figure 4 – Plan Displaying the location of the Buffalo Mountain Deposit in relation to Lone Tree
Closing of the transactions contemplated by the Exchange Agreement is subject to the satisfaction of a number of conditions precedent, including clearance under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended (the “HSR Act”), arrangement of substitute sureties (and release of existing NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations, and the approval of the Toronto Stock Exchange (“TSX”), among other customary conditions to closing. The NGM equity private placement (described under “Equity Financing” below) is expected to close concurrently with, and subject to, the closing of the transactions under the Exchange Agreement. The transactions contemplated under the Exchange Agreement and the Ruby Hill Agreement are not inter-conditional or conditional on the completion of the Orion financing transaction. The Orion financing is conditional upon, among other things, the completion of the transactions under the Exchange Agreement and the Ruby Hill Agreement.
Ruby Hill Acquisition
Ruby Hill represents one of Nevada’s premier mining projects with existing production from the Archimedes open pit, and a large property that is host to multiple gold, gold/silver, and polymetallic gold deposits, making it one of the largest and highest-grade, permitted, gold deposits in Nevada.
Substantial open pit gold and silver resources1 within the Mineral Point Trend
Indicated Mineral Resource of 203.2 Mt with an average grade of 0.49 g/t Au and 14.9 g/t Ag containing 3.2 million ounces of gold and 97.5 million ounces of silver
Inferred Mineral Resource of 157.3 Mt with an average grade of 0.37 g/t Au and 14.3 g/t Ag containing 1.9 million ounces of gold and 72.4 million ounces of silver
High-grade underground gold mineralization at the 426 Zone
Indicated Mineral Resource of 1.2 Mt with an average grade of 5.2 g/t Au containing 0.2 million ounces of gold
High-grade underground gold mineralization at the Ruby Deeps Zone that remains open along strike to the north
Inferred Mineral Resource of 8.2 Mt with an average grade of 6.0 g/t Au containing 1.6 million ounces of gold
High-grade poly-metallic mineralization has been defined within the Blackjack
i-80 is acquiring a 100% interest in the Ruby Hill mine and property for consideration of up to $150 million, including milestone payments that are subject to an early payment option that could reduce total consideration to $130 million as follows:
$75 million cash and $8 million in shares of i-80 at closing, priced based on the market price of i-80’s shares at the time of closing;
$17 million in cash and/or shares of i-80 payable on the earlier of 60 days following the issuance of a press release by the Company regarding the completion of a new or updated Mineral Resource estimate for the Ruby Hill Property or 15 months after closing, priced based on the market price of i-80’s shares at the time of such payment (the “First Milestone Payment”);
$15 million in cash and/or shares of i-80 payable on the earlier of 60 days following the issuance of a press release by the Company regarding the completion of a Feasibility Study for the Ruby Hill mine or 24 months after closing, priced based on the market price of i-80’s shares at the time of such payment (the “Second Milestone Payment”);
$15 million in cash and/or shares of i-80 payable on the earlier of 30 months after closing and 90 days following the announcement by the Company of a construction decision related to a deposit on any portion of the Ruby Hill Properties that is not currently being mined, priced based on the market price of i-80’s shares at the time of such payment (the “Third Milestone Payment”); and
$20 million in cash and/or shares of i-80 payable on the earlier of 36 months after closing and 90 days following the announcement by the Company of achieving Commercial Production related to a deposit on any portion of the Properties that is not currently being mined, priced based on the market price of i-80’s shares at the time of such payment (the “Fourth Milestone Payment”).
Up to 50% of the foregoing Milestone Payments may consist of i-80 shares, provided that the number of i-80 shares then held by Waterton after giving effect to the share issuance shall not exceed 9.99% of then issued and outstanding shares of i-80 calculated on a partially diluted basis. i-80 shall have the right to prepay the Second Milestone Payment by paying to Waterton, on or before 15 months following closing, $10 million provided that up to $7.5 million of such amount may be satisfied, at i-80’s option, in common shares of the Company, priced based on the market price of i-80’s shares at the time of such prepayment and i-80 shall have the right to prepay the aggregate of the Third and Fourth Milestone Payments by paying to Waterton, on or before 24 months following closing $20 million provided that up to $10 million of such amount may be satisfied, at i-80’s option, in common shares of the Company, priced based on the market price of i-80’s shares at the time of such prepayment, provided that the number of i-80 shares then held by Waterton after giving effect to the share issuance shall not exceed 9.99% of then issued and outstanding shares of i-80 calculated on a partially diluted basis.
Ruby Hill includes an open pit mine and related infrastructure (mill/heap leach) and is located immediately west of the town of Eureka proximal to Highway 50.
The Ruby Hill Property is host to multiple gold, silver and base metal deposits that collectively comprise one of Nevada’s largest mineral endowments that offer substantial upside. Open pit oxide and transitional resources occur in the Mineral Point, Archimedes West and Archimedes East Zones. Underground sulfide Mineral resources occur in the 426, Ruby Deeps and Blackjack Zones (Figure 5)
Figure 5 – Cross Section of the Ruby Hill Deposits
Multiple gold and polymetallic exploration targets exist on the property and i-80 will begin an aggressive exploration program immediately following closing. The Company will begin permitting for the construction of a decline to access the high-grade Ruby Deeps deposit and the Blackjack Zone with the intent of trucking refractory mineralization for processing at Lone Tree. Completion of the current mine plan at the Ruby Hill pit will continue with processing at the heap leach facility on the property. Ruby Hill also includes crushing and CIL processing infrastructure (see Figure 6)
Figure 6 – Ruby Hill Infrastructure
Closing of the transactions contemplated by the Ruby Hill Agreement are subject to the satisfaction of a number of conditions precedent, including regulatory approvals, and the approval of the TSX. i-80 expects to close the Orion financing transaction concurrently with the transactions contemplated by the Ruby Hill Agreement.
Acquisition Financing
In connection with the transactions contemplated by the Exchange Agreement, NGM has agreed to subscribe for new common shares from treasury at a price per share equal to C$2.62 (the “Issue Price“), (being the five day volume weighted average trading price of i-80’s common shares ending on the trading date prior to this announcement) in an amount equal to the lesser of $50 million and the amount that would result in NGM holding 9.9% of the issued and outstanding common shares of i-80 on a non-diluted basis, but after giving effect to the private placement (including any participation by other subscribers, including Equinox. upon exercise of its pre-emptive rights and any shares issued to Waterton on or prior to the private placement). The private placement with NGM is part of larger non-brokered private placement offering of common shares by i-80, which includes Orion, of up to $90 million at the Issue Price, not including any shares that may be issued to Equinox upon the exercise of their anti-dilute rights.
The Company has also entered into a non-binding term sheet with Orion for a comprehensive $140 million financing package, complementing the Company’s existing strong balance sheet. The Orion financing is contemplated to include a mix of equity and convertible securities, warrants as well as secured instruments, and has a target size of $140 million and, at the election of i-80, an accordion feature of up to an additional $100 million. The equity, convertible securities and the warrants will be priced based on the Issue Price subject to TSX approval.
“The financing packages secured and being pursued with Nevada Gold Mines and Orion, combined with interim processing arrangements, are meant to provide i-80 with the ability to immediately begin development of its substantial portfolio of advanced stage deposits located in one of the world’s most favourable jurisdictions for mining”, stated Matthew Gollat, EVP Business & Corporate Development for i-80. “The financing packages were structured to limit dilution to our shareholders while providing the Company with potential capacity to aggressively grow our business.”
This news release does not constitute an offer to sell or a solicitation of an offer to buy the common shares described herein in the United States or in any other jurisdiction, nor shall there be any sale of the common shares in any state in which such offer, solicitation or sale would be unlawful. The common shares have not been and will not be registered under the U.S. Securities Act, or any state securities laws, and accordingly, may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.
Financial & Legal Advisors
For the Lone Tree acquisition and financing, RBC Capital Markets is acting as financial advisor to i-80 and Bennett Jones LLP and Davis Graham & Stubbs LLP are acting as legal advisors.
For the Ruby Hill acquisition, Sprott Capital Partners is acting as financial advisor to i-80 and Dorsey & Whitney LLP is acting as lead legal advisor.
Conference Call & Webcast
The Company will host a live conference call and webcast on September 7, 2021, commencing at 8:30 am ET, providing the opportunity for analysts and investors to ask questions of i-80 Gold’s executive team.
Conference Call
North American Toll-free: 1-800-437-2398
Local: 1-647-792-1240
Webcast Link
Click HERE to access the webcast or visit our website at www.i80gold.com.
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
Notes:
Mineral resources are not mineral reserves and do not have demonstrated economic viability. See Tables 1, 2 & 3 at the end of this press release for Ruby Hill and Lone Tree mineral resource estimates and qualifiers. Ruby Hill effective date July 31, 2021, gold price $1,650/oz Au., Open pit cut-off grade 0.1 g/t Au. Lone Tree effective date July 31, 2021, gold price $1,650/oz Au, Open-pit cut off grade 0.65 g/t Au.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. The Company expects to close the acquisitions of the Lone Tree Complex and the Ruby Hill Project in H2 2021 and is advancing an underground development program for the 100%-owned Granite Creek Project and intends to advance the McCoy-Cove Property. i-80 is well financed with more than $70.1 million (as at June 30, 2021) in cash and has recently signed financing agreements with Nevada Gold Mines and non-binding term sheet with Orion to provide access to as much as $240 million.
Lone Tree Qualified Person
GeoGlobal LLC., under the supervision of Abani R. Samal, Ph.D., RM- SME, Fellow-SEG., a Qualified Person within the meaning of National Instrument 43-101 (“NI 43-101”), is the Qualified Person responsible for the Lone Tree mineral resource estimate. A technical report detailing the mineral resource estimate will be filed with Canadian Securities regulators within 45 days. Historic assays were most commonly sent to internal company labs of Newmont, Santa Fe, and Battle Mountain before being switched to ALS Chemex (now “ALS Minerals”), an independent, ISO 9001 accredited commercial mineral assay lab at the time. Common analytical methods used include fire assay, atomic absorption, gravimetry, and screen fire.
Ruby Hill Qualified Person
Mr. Christopher Wright, P. Geo., a Qualified Person within the meaning of NI 43-101, is the Qualified Person responsible for the Ruby Hill mineral resource estimate. Mr. Wright is an employee of Wood Canada Ltd. A technical report detailing the mineral resource estimate will be filed with Canadian Securities regulators within 45 days. Historic assays were commonly sent to a mix of ALS Minerals, ALS Chemex, and Chemex Labs, all independent labs. ALS Minerals complies with the requirements for the International Standards ISO 9001 and ISO 17025. ALS Chemex complied with ISO 9001. Assays by Chemex Labs were conducted before ISO standards were in place. Historic assaying practices included fire assays with gravimetric finish for samples over 10 grams per tonne.
Technical Information
Tim George, PE, is the Qualified Person for the information contained in this press release and a Qualified Person within the meaning of NI43-101.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
www.i80gold.com
Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to, completion of the transactions contemplated by the Exchange Agreement, completion of the transactions contemplated by the Ruby Hill Agreement, completion of the equity private placement with NGM, Equinox Gold Corp. and/or other subscribers, completion of the financing transaction with Orion, completion of refurbishment and development activities at the Long Tree project, commencement of mining operations at the Lone Tree project or the Ruby Hill mine or mineral resource and reserve estimates and exploration, development and production potential. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: failure to satisfy of the relevant conditions to the completion of the transactions described herein, failure to obtain the relevant regulatory approvals, material adverse changes, exercise of termination rights by any relevant party, unexpected changes in laws, failure to complete the Orion financing transaction on satisfactory terms, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration, refurbishment, development or mining programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
Cautionary Note to U.S. Investors Concerning Estimates of Resources: This press release uses the term “inferred resources.” “Inferred resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility study, except in rare cases. Information contained in the press release containing descriptions of any mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder that disclose mineral reserves and mineral resources in accordance with Industry Guide 7 or the SEC’s new mining disclosure rules in Regulation S-K 1300. SEC Industry Guide 7 does not recognize the existence of resources. Under Regulation S-K 1300, reserve and resource definitions are substantially similar to the corresponding CIM Definition Standards; however, there are differences between NI 43-101 and Regulation S-K 1300 and therefore information contained in the press release may not be comparable to similar information made public by public U.S. companies pursuant to the Regulation S-K 1300 or SEC Industry Guide 7.
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
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NYBob
3 years ago
I-80 TO ACQUIRE LONE TREE/PROCESSING FACILITIES, BUFFALO MTN & RUBY HILL TO CREATE NEVADA MINING COMPLEX
https://www.i80gold.com/
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
https://www.i80gold.com/i-80-to-acquire-lone-tree-processing-facilities-buffalo-mtn-ruby-hill-to-create-nevada-mining-complex/
Reno, Nevada, September 7, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF) (“i-80”, or the “Company”) is very pleased to announce that it has entered into definitive agreements to create a comprehensive Nevada mining complex through an asset exchange agreement to acquire certain processing infrastructure, including an autoclave, and the Lone Tree and Buffalo Mountain gold deposits from Nevada Gold Mines LLC (“NGM”) via an asset exchange in consideration for: (i) the Company’s 40% ownership in the South Arturo Property which will consolidate 100% ownership of South Arturo in NGM, providing NGM with flexibility to pursue potential operational synergies with NGM’s other Nevada properties; (ii) assignment of i-80’s option to acquire the adjacent Rodeo Creek exploration property; (iii) contingent consideration of up to $50 million based on production from the Lone Tree property; and (iv) arrangement of substitute bonding (and release of NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations at closing. The Company has also entered into an acquisition agreement to acquire the Ruby Hill Mine from affiliates of Waterton Global Resource Management (“Waterton”). Additionally, i-80 has entered into a private placement commitment with NGM whereby, conditional on the asset exchange transaction being completed[1], NGM will acquire from i-80 up to 9.9% interest in new i-80 treasury common shares for aggregate proceeds not to exceed $50 million, and a non-binding term sheet with Orion Mine Finance (“Orion”) for up to $240 million in acquisition and development financing. Equinox Gold Corp (“Equinox”) has also indicated that it will participate in the equity private placement through the exercise of a portion of its anti-dilute rights.
Highlights of the transactions are as follows:
i-80 increases overall Inferred gold Mineral Resource more than three and a half times and more than doubles i-80’s overall gold Measured + Indicated Mineral Resources1
Ruby Hill deposits host more than 100 million ounces of indicated silver mineral resources and more than 70 million ounces of inferred silver mineral resources1
Secures for i-80, the ability to process all types of gold bearing mineralization at the centrally located Lone Tree processing facility situated on Interstate 80 once the necessary refurbishment of the facility is completed. The Lone Tree facility includes an autoclave, carbon-in-leach (CIL) mill, Floatation Plant, and heap leach facility
i-80 will produce gold from the Ruby Hill open pit and residual leaching at Lone Tree
NGM will provide i-80 with interim processing capacity at its autoclave facilities until the earlier of the three-year anniversary of the asset exchange closing and such time that the Lone Tree facility is operational and also at its roaster facilities for a period of 10-years, subject in each case to extension by mutual agreement
The Company is pursuing financing arrangements that complement the Company’s strong cash position ($70.1 million as at June 30, 2021) including:
Concurrent with the closing of the asset exchange, NGM will subscribe for new i-80 treasury common shares representing up to a 9.9% interest in i-80 through a private placement for proceeds not to exceed $50 million
The Company has entered into a non-binding term sheet with Orion for up to $140 million of acquisition financing, with an additional $100 million potentially available via an accordion feature, at the election of i-80
At the closing of the asset exchange, NGM will reimburse i-80 an amount of approximately $7.3 million for certain expenditures previously advanced in relation to the South Arturo Property[2]
Equinox Gold Corp., the Company’s largest shareholder, is expected to participate in the private placement financing through the exercise of its anti-dilution rights
i-80 has entered into a definitive exchange agreement (the “Exchange Agreement“) to acquire the Lone Tree and Buffalo Mountain gold deposits from Nevada Gold Mines LLC (“NGM”), including certain processing infrastructure, via an asset exchange in consideration for: (i) the Company’s 40% ownership in the South Arturo Property; (ii) assignment of i-80’s option to acquire the adjacent Rodeo Creek exploration property; (iii) contingent consideration of up to $50 million based on production from the Lone Tree property; and (iv) arrangement of substitute bonding (and release of NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations at closing. The Company has separately entered into a definitive membership interest purchase agreement (the “Ruby Hill Agreement“) to acquire the Ruby Hill Mine, which includes multiple deposits that collectively, have the potential to represent one of Nevada’s largest gold, silver and base metal endowments, from affiliates of Waterton Global Resource Management (“Waterton”). These two transactions are designed to position i-80 Gold as a prominent, stand alone, gold producer in the state of Nevada. Closing of each of the transactions with NGM, Waterton, Orion and the private placement are subject to the satisfaction of a number of conditions precedent detailed further below, including regulatory approvals and, in the case of Orion, completion of due diligence and the negotiation and execution of mutually satisfactory definitive documentation.
“These transformational acquisitions result in a significant increase in the Company’s mineral resource base, and position i-80 to become one of the largest gold producers in the State of Nevada with the capacity to process refractory and oxide mineralization”, stated Ewan Downie, Chief Executive Officer of i-80 Gold. “Importantly, i-80 gains a strategic advantage becoming one of only three companies in Nevada with infrastructure to process refractory mineral resources once the Lone Tree facility has been retrofitted to suit the Company’s deposits. We believe that this will allow i-80 to overcome a crucial barrier to entry that most of our peers face. In the interim, Nevada Gold Mines has agreed to provide processing capacity for i-80 mineral resources from the McCoy Cove, Granite Creek and Ruby Hill mines at its autoclave facilities until the earlier of three years from closing of the asset exchange and the date the Lone Tree facility becomes operational and will also provide i-80 with processing capacity for ore produced from the McCoy Cove mine at its roaster facilities for 10 years, in each case, subject to extension by mutual agreement, allowing i-80 to commence development of its assets on an expedited basis”.
The Lone Tree Property is being acquired from NGM, a joint-venture between the world’s two largest gold producers, Barrick Gold Corporation and Newmont Corporation. Lone Tree is a strategically located facility on Interstate 80, the primary highway through northern Nevada, and proximal to the northern Nevada railway, midway between i-80’s Granite Creek and McCoy-Cove projects (See Figure 1). The transaction with NGM will provide i-80 with important processing infrastructure including an autoclave, CIL mill, and a heap leach facility complete with assay lab and gold refinery, and also includes interim processing arrangements. NGM has further agreed to acquire up to a 9.9% interest in i-80 through a private placement at the Issue Price (as defined below) for proceeds not to exceed $50 million.
The producing Ruby Hill Mine is host to multiple deposits that collectively have the potential to represent one of the largest gold and silver resource endowments in the State of Nevada. Refractory mineralization from Ruby Hill is expected to be trucked to the Lone Tree Complex for processing following its refurbishment.
“The Lone Tree and Ruby Hill acquisitions will provide i-80 with substantial gold and silver resources and an opportunity to build a mid-tier gold producing company entirely within in the State of Nevada”, stated Matthew Gili, President and Chief Operating Officer of i-80 Gold. “Ruby Hill is host to multiple gold, silver, and poly-metallic deposits that remain wide open for expansion and is expected to be a major contributor to our goal of becoming the second largest producer in Nevada”.
Lone Tree Acquisition
Lone Tree represents a strategic acquisition for i-80, providing the Company with important infrastructure that, following successful refurbishment efforts, will allow it to process refractory and oxide mineralization. Currently on care and maintenance, the property hosts existing infrastructure that includes a whole ore autoclave with capacity of 1M tonnes/year, a flotation circuit with capacity of 1.8M tonnes/year, a CIC circuit & leach pad with 6.5M tonnes of remaining capacity, a tailings dam with 1.5M tonnes of remaining constructed capacity and an additional 10M tonnes of permitted capacity, a waste dump, along with several buildings useful for the development of all i-80’s projects including a warehouse, maintenance shop, admin building, and assay lab. The property is also host to substantial gold mineral resources1 and offers excellent exploration potential. All deposits at Lone Tree (Lone Tree, Second Chanse and Lynn) remain open for expansion.
Substantial open pit gold resources contained proximal to the Lone Tree open pit1
410,000 ounces of gold indicated mineral resources within 7.2M tonnes grading 1.77 g/t Au
2,764,000 ounces of gold inferred mineral resources within 50.7M tonnes grading 1.69 g/t Au
Resource expansion potential exists down-plunge of the main Lone Tree deposit and in the unmined Sequoia zone discovery where previous drilling returned multiple wide, high-grade, intercepts (50% estimated true width) including:
9.3 g/t Au across 45.7 m, 11.7 g/t Au across 16.8 m and 9.3 g/t Au across 15.2 m
Buffalo Mountain is a near-term development opportunity, located approximately 10 km southwest of Lone Tree, that has both open pit and underground potential. Previous drilling by NGM has outlined mineralization in two zones, with highlight intercepts (60-80% estimated true width) of:
5.6 g/t Au across 15.2 m, 7.9 g/t Au across 10.7 m and 1.4 g/t Au across 35.1 m in Second Chance deposit (open pit)
10.3 g/t Au across 9.1 m and 16.8 g/t Au across 6.1 m in the nearby Lynn Zone that warrants additional drilling
The Lone Tree and Buffalo Mountain Properties are being acquired by i-80’s wholly owned subsidiaries Goldcorp Dee LLC (“Goldcorp Dee”) and Au-Reka Gold LLC (“AuReka”) by way of asset exchange pursuant to the Exchange Agreement, in for (i) Goldcorp Dee’s 40% ownership in the South Arturo Property, (ii) assignment AuReka’s option to acquire the adjacent Rodeo Creek exploration property, (iii) contingent consideration of up to $50 million based on production from the Lone Tree property, and (iv) arrangement of substitute bonding (and release of NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations at closing. Conditional on closing of the asset exchange, NGM has also agreed to complete a private placement for up to a 9.9% interest in i-80 for proceeds not to exceed $50 million, described further under “Acquisition Financing” below. At the closing of the asset exchange, NGM will also reimburse i-80 approximately $7.3 million for amounts previously advanced by i-80 for the autonomous truck haulage test work completed at South Arturo and for funds advanced by i-80 that have not been used for reclamation activities.
In the event i-80 restarts the processing of ore at Lone Tree, NGM will be entitled to receive the following contingent payments of up to $50 million subject to the terms and conditions of the contingent consideration agreement:
An amount equal to $25.00 per recovered gold equivalent mineral reserve ounce identified in the feasibility study (the “Feasibility Study”) for the restart of mining at the Lone Tree mine (“Initial Contingent Consideration”), payable in two equal installments six months and 18 months following the later of commencement of commercial production at Lone Tree and the completion of the Feasibility Study; and
An amount equal to $25.00 per ounce of produced gold in excess of the number of recovered gold equivalent mineral reserve ounces (the “Continuing Contingent Consideration”), payable within five days after the end of each calendar quarter during which a payment of Continuing Contingent Consideration accrues, provided that the aggregate of the Initial Contingent Consideration and the Continuing Contingent Consideration shall not exceed $50 million.
i-80 considers the Lone Tree infrastructure to be a strategically located processing facility in Nevada, located on Interstate 80 with the Nevada Railway less than two kilometres to the north, and will be the platform from which i-80 intends to grow its business (see Figure 1 below).
Figure 1 – Aerial view of the Lone Tree Mine Site
The Lone Tree Deposit1 is host to a substantial gold resource that includes 410,000 ounces of gold (Indicated) at a grade of 1.77 g/t Au and 2,764,000 ounces (Inferred) at a grade of 1.69 g/t Au and offers substantial resource expansion potential at depth, down plunge (see Figure 2 below), and in the adjacent Sequoia zone (see Figure 3 below).
Figure 2 – 3D View of the Main Lone Tree Deposit including highlight intercepts
Figure 3 – 3D View displaying highlight intercepts drilled at the Sequoia Zone at Lone Tree
The Buffalo Mountain Property is located approximately 10 km to the West of Lone Tree (see Figure 4 below) and is host to multiple gold zones that have returned multiple significant intercepts including 10.3 g/t Au across 9.1 m and 16.8 g/t Au across 6.1 m at the Lynn zone and 5.6 g/t Au across 15.2 m and 7.9 g/t Au across 10.7 m in the Second Chanse zone (60-80% estimated true width). NGM has initiated the permitting of Buffalo Mountain for development and i-80 expects to continue this effort to commence mining Buffalo Mountain and processing material on the heap leach pad at Lone Tree. The Company expects to complete a mineral resource estimate for Buffalo Mountain in the future.
Figure 4 – Plan Displaying the location of the Buffalo Mountain Deposit in relation to Lone Tree
Closing of the transactions contemplated by the Exchange Agreement is subject to the satisfaction of a number of conditions precedent, including clearance under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended (the “HSR Act”), arrangement of substitute sureties (and release of existing NGM bonds) in respect of the Lone Tree and Buffalo Mountain reclamation obligations, and the approval of the Toronto Stock Exchange (“TSX”), among other customary conditions to closing. The NGM equity private placement (described under “Equity Financing” below) is expected to close concurrently with, and subject to, the closing of the transactions under the Exchange Agreement. The transactions contemplated under the Exchange Agreement and the Ruby Hill Agreement are not inter-conditional or conditional on the completion of the Orion financing transaction. The Orion financing is conditional upon, among other things, the completion of the transactions under the Exchange Agreement and the Ruby Hill Agreement.
Ruby Hill Acquisition
Ruby Hill represents one of Nevada’s premier mining projects with existing production from the Archimedes open pit, and a large property that is host to multiple gold, gold/silver, and polymetallic gold deposits, making it one of the largest and highest-grade, permitted, gold deposits in Nevada.
Substantial open pit gold and silver resources1 within the Mineral Point Trend
Indicated Mineral Resource of 203.2 Mt with an average grade of 0.49 g/t Au and 14.9 g/t Ag containing 3.2 million ounces of gold and 97.5 million ounces of silver
Inferred Mineral Resource of 157.3 Mt with an average grade of 0.37 g/t Au and 14.3 g/t Ag containing 1.9 million ounces of gold and 72.4 million ounces of silver
High-grade underground gold mineralization at the 426 Zone
Indicated Mineral Resource of 1.2 Mt with an average grade of 5.2 g/t Au containing 0.2 million ounces of gold
High-grade underground gold mineralization at the Ruby Deeps Zone that remains open along strike to the north
Inferred Mineral Resource of 8.2 Mt with an average grade of 6.0 g/t Au containing 1.6 million ounces of gold
High-grade poly-metallic mineralization has been defined within the Blackjack
i-80 is acquiring a 100% interest in the Ruby Hill mine and property for consideration of up to $150 million, including milestone payments that are subject to an early payment option that could reduce total consideration to $130 million as follows:
$75 million cash and $8 million in shares of i-80 at closing, priced based on the market price of i-80’s shares at the time of closing;
$17 million in cash and/or shares of i-80 payable on the earlier of 60 days following the issuance of a press release by the Company regarding the completion of a new or updated Mineral Resource estimate for the Ruby Hill Property or 15 months after closing, priced based on the market price of i-80’s shares at the time of such payment (the “First Milestone Payment”);
$15 million in cash and/or shares of i-80 payable on the earlier of 60 days following the issuance of a press release by the Company regarding the completion of a Feasibility Study for the Ruby Hill mine or 24 months after closing, priced based on the market price of i-80’s shares at the time of such payment (the “Second Milestone Payment”);
$15 million in cash and/or shares of i-80 payable on the earlier of 30 months after closing and 90 days following the announcement by the Company of a construction decision related to a deposit on any portion of the Ruby Hill Properties that is not currently being mined, priced based on the market price of i-80’s shares at the time of such payment (the “Third Milestone Payment”); and
$20 million in cash and/or shares of i-80 payable on the earlier of 36 months after closing and 90 days following the announcement by the Company of achieving Commercial Production related to a deposit on any portion of the Properties that is not currently being mined, priced based on the market price of i-80’s shares at the time of such payment (the “Fourth Milestone Payment”).
Up to 50% of the foregoing Milestone Payments may consist of i-80 shares, provided that the number of i-80 shares then held by Waterton after giving effect to the share issuance shall not exceed 9.99% of then issued and outstanding shares of i-80 calculated on a partially diluted basis. i-80 shall have the right to prepay the Second Milestone Payment by paying to Waterton, on or before 15 months following closing, $10 million provided that up to $7.5 million of such amount may be satisfied, at i-80’s option, in common shares of the Company, priced based on the market price of i-80’s shares at the time of such prepayment and i-80 shall have the right to prepay the aggregate of the Third and Fourth Milestone Payments by paying to Waterton, on or before 24 months following closing $20 million provided that up to $10 million of such amount may be satisfied, at i-80’s option, in common shares of the Company, priced based on the market price of i-80’s shares at the time of such prepayment, provided that the number of i-80 shares then held by Waterton after giving effect to the share issuance shall not exceed 9.99% of then issued and outstanding shares of i-80 calculated on a partially diluted basis.
Ruby Hill includes an open pit mine and related infrastructure (mill/heap leach) and is located immediately west of the town of Eureka proximal to Highway 50.
The Ruby Hill Property is host to multiple gold, silver and base metal deposits that collectively comprise one of Nevada’s largest mineral endowments that offer substantial upside. Open pit oxide and transitional resources occur in the Mineral Point, Archimedes West and Archimedes East Zones. Underground sulfide Mineral resources occur in the 426, Ruby Deeps and Blackjack Zones (Figure 5)
Figure 5 – Cross Section of the Ruby Hill Deposits
Multiple gold and polymetallic exploration targets exist on the property and i-80 will begin an aggressive exploration program immediately following closing. The Company will begin permitting for the construction of a decline to access the high-grade Ruby Deeps deposit and the Blackjack Zone with the intent of trucking refractory mineralization for processing at Lone Tree. Completion of the current mine plan at the Ruby Hill pit will continue with processing at the heap leach facility on the property. Ruby Hill also includes crushing and CIL processing infrastructure (see Figure 6)
Figure 6 – Ruby Hill Infrastructure
Closing of the transactions contemplated by the Ruby Hill Agreement are subject to the satisfaction of a number of conditions precedent, including regulatory approvals, and the approval of the TSX. i-80 expects to close the Orion financing transaction concurrently with the transactions contemplated by the Ruby Hill Agreement.
Acquisition Financing
In connection with the transactions contemplated by the Exchange Agreement, NGM has agreed to subscribe for new common shares from treasury at a price per share equal to C$2.62 (the “Issue Price“), (being the five day volume weighted average trading price of i-80’s common shares ending on the trading date prior to this announcement) in an amount equal to the lesser of $50 million and the amount that would result in NGM holding 9.9% of the issued and outstanding common shares of i-80 on a non-diluted basis, but after giving effect to the private placement (including any participation by other subscribers, including Equinox. upon exercise of its pre-emptive rights and any shares issued to Waterton on or prior to the private placement). The private placement with NGM is part of larger non-brokered private placement offering of common shares by i-80, which includes Orion, of up to $90 million at the Issue Price, not including any shares that may be issued to Equinox upon the exercise of their anti-dilute rights.
The Company has also entered into a non-binding term sheet with Orion for a comprehensive $140 million financing package, complementing the Company’s existing strong balance sheet. The Orion financing is contemplated to include a mix of equity and convertible securities, warrants as well as secured instruments, and has a target size of $140 million and, at the election of i-80, an accordion feature of up to an additional $100 million. The equity, convertible securities and the warrants will be priced based on the Issue Price subject to TSX approval.
“The financing packages secured and being pursued with Nevada Gold Mines and Orion, combined with interim processing arrangements, are meant to provide i-80 with the ability to immediately begin development of its substantial portfolio of advanced stage deposits located in one of the world’s most favourable jurisdictions for mining”, stated Matthew Gollat, EVP Business & Corporate Development for i-80. “The financing packages were structured to limit dilution to our shareholders while providing the Company with potential capacity to aggressively grow our business.”
This news release does not constitute an offer to sell or a solicitation of an offer to buy the common shares described herein in the United States or in any other jurisdiction, nor shall there be any sale of the common shares in any state in which such offer, solicitation or sale would be unlawful. The common shares have not been and will not be registered under the U.S. Securities Act, or any state securities laws, and accordingly, may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.
Financial & Legal Advisors
For the Lone Tree acquisition and financing, RBC Capital Markets is acting as financial advisor to i-80 and Bennett Jones LLP and Davis Graham & Stubbs LLP are acting as legal advisors.
For the Ruby Hill acquisition, Sprott Capital Partners is acting as financial advisor to i-80 and Dorsey & Whitney LLP is acting as lead legal advisor.
Conference Call & Webcast
The Company will host a live conference call and webcast on September 7, 2021, commencing at 8:30 am ET, providing the opportunity for analysts and investors to ask questions of i-80 Gold’s executive team.
Conference Call
North American Toll-free: 1-800-437-2398
Local: 1-647-792-1240
Webcast Link
Click HERE to access the webcast or visit our website at www.i80gold.com.
Conference Call Replay
A recording of the call can be accessed until September 14, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 8375917
Notes:
Mineral resources are not mineral reserves and do not have demonstrated economic viability. See Tables 1, 2 & 3 at the end of this press release for Ruby Hill and Lone Tree mineral resource estimates and qualifiers. Ruby Hill effective date July 31, 2021, gold price $1,650/oz Au., Open pit cut-off grade 0.1 g/t Au. Lone Tree effective date July 31, 2021, gold price $1,650/oz Au, Open-pit cut off grade 0.65 g/t Au.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. The Company expects to close the acquisitions of the Lone Tree Complex and the Ruby Hill Project in H2 2021 and is advancing an underground development program for the 100%-owned Granite Creek Project and intends to advance the McCoy-Cove Property. i-80 is well financed with more than $70.1 million (as at June 30, 2021) in cash and has recently signed financing agreements with Nevada Gold Mines and non-binding term sheet with Orion to provide access to as much as $240 million.
Lone Tree Qualified Person
GeoGlobal LLC., under the supervision of Abani R. Samal, Ph.D., RM- SME, Fellow-SEG., a Qualified Person within the meaning of National Instrument 43-101 (“NI 43-101”), is the Qualified Person responsible for the Lone Tree mineral resource estimate. A technical report detailing the mineral resource estimate will be filed with Canadian Securities regulators within 45 days. Historic assays were most commonly sent to internal company labs of Newmont, Santa Fe, and Battle Mountain before being switched to ALS Chemex (now “ALS Minerals”), an independent, ISO 9001 accredited commercial mineral assay lab at the time. Common analytical methods used include fire assay, atomic absorption, gravimetry, and screen fire.
Ruby Hill Qualified Person
Mr. Christopher Wright, P. Geo., a Qualified Person within the meaning of NI 43-101, is the Qualified Person responsible for the Ruby Hill mineral resource estimate. Mr. Wright is an employee of Wood Canada Ltd. A technical report detailing the mineral resource estimate will be filed with Canadian Securities regulators within 45 days. Historic assays were commonly sent to a mix of ALS Minerals, ALS Chemex, and Chemex Labs, all independent labs. ALS Minerals complies with the requirements for the International Standards ISO 9001 and ISO 17025. ALS Chemex complied with ISO 9001. Assays by Chemex Labs were conducted before ISO standards were in place. Historic assaying practices included fire assays with gravimetric finish for samples over 10 grams per tonne.
Technical Information
Tim George, PE, is the Qualified Person for the information contained in this press release and a Qualified Person within the meaning of NI43-101.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
www.i80gold.com
Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to, completion of the transactions contemplated by the Exchange Agreement, completion of the transactions contemplated by the Ruby Hill Agreement, completion of the equity private placement with NGM, Equinox Gold Corp. and/or other subscribers, completion of the financing transaction with Orion, completion of refurbishment and development activities at the Long Tree project, commencement of mining operations at the Lone Tree project or the Ruby Hill mine or mineral resource and reserve estimates and exploration, development and production potential. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: failure to satisfy of the relevant conditions to the completion of the transactions described herein, failure to obtain the relevant regulatory approvals, material adverse changes, exercise of termination rights by any relevant party, unexpected changes in laws, failure to complete the Orion financing transaction on satisfactory terms, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration, refurbishment, development or mining programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
Cautionary Note to U.S. Investors Concerning Estimates of Resources: This press release uses the term “inferred resources.” “Inferred resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility study, except in rare cases. Information contained in the press release containing descriptions of any mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder that disclose mineral reserves and mineral resources in accordance with Industry Guide 7 or the SEC’s new mining disclosure rules in Regulation S-K 1300. SEC Industry Guide 7 does not recognize the existence of resources. Under Regulation S-K 1300, reserve and resource definitions are substantially similar to the corresponding CIM Definition Standards; however, there are differences between NI 43-101 and Regulation S-K 1300 and therefore information contained in the press release may not be comparable to similar information made public by public U.S. companies pursuant to the Regulation S-K 1300 or SEC Industry Guide 7.
NYBob
3 years ago
$I-80 GOLD INTERSECTS HIGH-GRADE GOLD IN OPEN PIT DRILLING AT GRANITE CREEK
6.80 g/t Au over 51.1 Metres – Oxide Mineralization below CX-Pit
Reno, Nevada, August 30, 2021 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF)
(“i-80”, or the “Company”) is pleased to announce that assay results
for the first hole drilled at the Company’s Granite Creek Property
(“Granite Creek” or “the Property”) located in Humboldt County, Nevada
has returned high-grade results that confirm the high-grade open pit
opportunity.
Hole iGM21-01, drilled from the bottom of the historic CX-Pit
intersected two zones of mineralization grading
3.17 g/t Au over 7.5 m and
6.80 g/t Au over 51.1 m (see Table 1).
The hole was drilled for metallurgical purposes into the main structure
below the pit (true widths unknown) and returned exceptional grades
that appear to be oxide mineralization based on an average cyanide
soluble to fire assay ratio of 0.94 over both intervals.
The surface drill program targeting open pit mineralization at Granite
Creek is complete (see Figure 2 below) and multiple assays remain
pending.
The drill program was focused on intersecting material to be used for
metallurgical and geotechnical purposes in advance of initiating
permitting for an open pit mine and on-site processing.
https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-open-pit-drilling-at-granite-creek/
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$SOUTH ARTURO GOLD MINE: Located along the northern section of the
productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with
Nevada Gold Mines, a joint venture between Barrick Gold Corporation and
Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently
developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with
the Phase 2 open pit it has delivered consistent results.
Second Quarter Financial Results Webcast
The Company will host a live conference call and webcast on August 11, 2021, commencing at 10:00 am ET, providing the opportunity for analysts and investors to ask questions of i-80 Gold’s executive team.
Conference Call
North American Toll-free: 1-866-248-8441
Webcast Link
Click HERE to access the webcast or visit our website at
http://www.i80gold.com
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$i-80 GOLD CORP. (TSX:IAU) (IAUCF:OTC) (“i-80”, or the “Company) will
announce its unaudited financial and operating results for the three
and six months ended June 30, 2021 before market open
Wednesday, August 11, 2021.
The Company will host a live conference call and webcast on that same
day, commencing at 10:00 am ET, providing the opportunity for analysts
and investors to ask questions of i-80 Gold’s executive team.
Reno, Nevada, July 29, 2021 –
Conference Call
North American Toll-free: 1-866-248-8441
Webcast Link
Click HERE to access the webcast or visit our website at
http://www.i80gold.com
Conference Call Replay
A recording of the call can be accessed until August 18, 2021.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 3652970
https://www.i80gold.com/i-80-gold-to-announce-second-quarter-financial-results-on-august-11-2021/
About i-80 Gold Corp.
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving
mid-tier gold producer status through the development of the Company’s
advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo,
i-80 is advancing economic studies and test mining at
the Granite Creek Project, and planning for advanced
underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO
Matthew Gollat – EVP Business & Corporate Development
1.866.525.6450
Info@i80gold.com
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$BTV New Listing Alert Video: i-80 Gold Corp. - Nevada's Newest Gold Producer
T.IAU | 21 hours ago
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2021) -
i-80 Gold Corp. (TSX: IAU) - The Nevada-focused mining companyis
pleased to be listed on the Toronto Stock Exchange under the symbol
IAU.
If you cannot view the video above, please visit:
https://b-tv.com/i-80-gold-nevadas-newest-gold-producer-new-listing-alert-30sec/.
i-80 Gold is being featured on BNN Bloomberg on Jun 29th to July 12th, 2021.
i-80 Gold Corp.
http://www.i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$i-80 Gold is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays
has been completed, and underground drilling activities have begun at
the Granite Creek property situated in Humbolt County, Nevada.
https://thedeepdive.ca/i-80-gold-begins-underground-drill-program-at-granite-creek/
i-80 Gold Begins Underground Drill Program At Granite Creek
June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada-
Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status;
Ewan Downie, CEO Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU),
the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused
mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at
South Arturo (joint venture with Nevada Gold Mines –
a joint venture between Barrick Gold Corporation and Newmont
Corporation).
The Company is also advancing the development of its 100% owned,
feasibility-stage McCoy-Cove projects, located proximal
to Nevada Gold Mines’ Phoenix operation, and
its past producing Getchell project that is located immediately
south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021,
followed by the commissioning of a Preliminary Feasibility or
Feasibility Study, immediately after.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1353150/i80+Gold+Corp+(TSX+IAU)+Newest+Gold+Producer+in+the+Market+a+NevadaFocused+Mining+Company+Goal+of+Achieving+Mid.htm
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$i-80 Gold Announces C$14 Million Top-Up Subscription by Equinox Gold
May 27 2021 - 06:00AM
PR Newswire (Canada)
https://ih.advfn.com/stock-market/TSX/IAU/stock-news/85221605/i-80-gold-announces-c-14-million-top-up-subscripti
RENO, Nev., May 27, 2021 /CNW/ -
$i-80 GOLD CORP. (TSX: IAU) ("i-80", or the "Company") is pleased to confirm that Equinox Gold Corp. ("Equinox") has exercised its right under the support agreement (the "Agreement") dated April 7, 2021 between the Company and Equinox to defend its pro rata ownership of i–80 shares on a partially-diluted basis following the recent issuance of shares by the Company in connection with completion of the acquisition of all of the outstanding membership interests of Osgood Mining Company, LLC, the 100% owner of the Getchell mining project in Nevada, from Waterton Global Resource Management, Inc.
In connection with to the Agreement, Equinox subscribed for 5,479,536 new common shares of the Company at a price of C$2.60 per common share, for gross proceeds to the Company of C$14,246,793.60 (the "Subscription").
As a result of the Subscription, Equinox has maintained the pro rata ownership of i-80 common shares it held prior to the completion of the acquisition by the Company of Osgood Mining, as detailed further below.
i-80 Gold Corp Logo (CNW Group/i-80 Gold Corp)
"The exercise of Equinox's anti-dilution right further strengthens our balance sheet and I believe demonstrates Equinox's commitment to the work with i-80 as we aggressively grow our business in Nevada." stated Ewan Downie, CEO of i-80.
As a consequence of its level of ownership of the Company's shares, Equinox is considered a "related party" of i-80 pursuant to applicable Canadian securities laws, including Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions of the Canadian Securities Regulators ("MI 61-101"), as well as an 'insider' of i-80 for the purposes of the rules and regulations of the Toronto Stock Exchange. The exercise by Equinox of its top-up right and Subscription for additional shares of i-80 is considered a "related-party transaction" for the purposes of MI 61-101. The Company is relying on exemptions from the formal valuation and minority securityholder approval requirements otherwise necessary for "related party transactions" that are available under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the subject matter of the transaction, insofar as it concerns "related parties", did not exceed 25% of the market capitalization of i-80 at the time the transaction was agreed to.
After giving effect to the acquisition of Osgood Mining by the Company, but immediately before the closing of the Subscription, Equinox held, directly or indirectly, 50,561,747 common shares of the Company representing approximately 27.3% of the basic issued and outstanding common shares of the Company, and warrants entitling Equinox to purchase 2,318,596 additional common shares. Assuming the exercise of such warrants on a partially diluted basis, Equinox would have owned 52,880,343 common shares, representing approximately 28.2% of the common shares that would be issued and outstanding. As a result of the Subscription, Equinox now holds directly or indirectly, 56,041,282 common shares representing approximately 29.4% of the basic issued and outstanding common shares of the Issuer on a non-diluted basis and the same warrants entitling Equinox to purchase 2,318,596 additional common shares. Assuming the exercise of such warrants on a partially diluted basis, Equinox would own 58,359,879 common shares of the Company, representing approximately 30.3% of the common shares that would be issued and outstanding on a partially-diluted basis.
Equinox has advised the Company that it is completing the Subscription for investment purposes and may or may not purchase or sell securities of the Company in the future on the open market or in private transactions, depending on market conditions and other factors. Equinox advises that it currently has no other plans or intentions that relate to its investment in the Company. Depending on market conditions, general economic and industry conditions, the Company's business and financial condition and/or other relevant factors, Equinox may develop other plans or intentions in the future relating to one or more of the above items.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo, advancing the Getchell Project through economic studies and then on to development, and the advanced exploration for the 100%–owned McCoy-Cove Property.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, actual production results and costs, outcomes and timing of updated technical studies and future exploration results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
SOURCE i-80 Gold Corp
$i-80 GOLD CORP. (TSX:IAU) Own 40% & Barrick Gold own 30% & Newmount 30%
(“i-80”, or the “Company”) is pleased to
provide an update for its 40%-owned South Arturo Property located in
the Carlin Trend of Nevada.
Reno, Nevada, April 21, 2021 –
https://i80gold.com/i-80-gold-provides-south-arturo-update-in-nevada/
$South Arturo is a joint venture with Nevada Gold Mines (“NGM”) and
includes the high-grade El Nino underground mine, which is in
production.
Work completed in 2020 included a successful expansion drill program at
El Nino as well as work targeting the advancement of two additional
development opportunities on the property; the Phase 1 open pit and the
Phase 3 project.
El Nino
The 3,800 metre drill campaign completed in 2020 from underground drilling stations demonstrated the ability to extend mine life at depth with numerous high grade intercepts (previously released) including 26.76 g/t Au across 18.3 m, 17.11 g/t Au across 39.6 m and 5.73 g/t Au across 100.6 m.
Additional highlight results from new results received from the 2020 program are provided below. Following up on the success of this drill program, more than 8,000 meters of exploration drilling are planned in 2021 focused on extending mineralization further down dip at the Lower El Nino and Cloud Nine targets.
Highlight assay results for previously unreleased intercepts from the 2020 drill program include:
19.8 m of 12.20 g/t Au (SEC20012)
29.0 m of 6.20 g/t Au (SEC20014)
25.9 m of 14.05 g/t Au (SEC20015)
Development of a ramp to access the deeper mineralization is under way and is expected to be completed in Q1 2023. Production of orebodies accessed from the ramp is expected to begin in Q2 2022.
Phase 1
More than 3,500 metres of drilling was completed on the near surface portion of the planned Phase 1 open pit to increase confidence in the ore reserves and upgrade mineral resources. This drilling returned higher than expected grade-thicknesses and Barrick has moved heap leach material from Phase 1 into their year-end 2020 mineral reserves. In 2021, the joint venture plans to complete further metallurgical work in advance of mine construction.
Phase 3
2020 drilling completed in the Phase 3 project area also returned favorable results and the joint venture partners have commenced trade-off studies to optimize the economics of the project as an underground versus open pit project, or a combination scenario. Initial work on the underground option has been encouraging and 3,500 metres of exploration drilling is planned to test the Hendrix target located between the El Nino and Phase 3 deposits.
“El Nino continues to deliver excellent results as demonstrated by the latest intercepts of our 2020 drill campaign.
Multiple holes intersected zones of impressive grade over a mineable width”, stated Matt Gili, President and COO of i-80 Gold.
“We expect to see these results incorporated into an updated mineral resource model expected later in 2021. The deposit remains open at depth and along strike”.
Figure 1 – El Nino isometric view – Drilling from underground platforms
https://i80gold.com/i-80-gold-provides-south-arturo-update-in-nevada/
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person
for the information contained in this press release and is a Qualified
Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS
Minerals and American Assay Labs in Reno, Nevada. For a complete
description of sample preparation, analytical methods and QA/QC
procedures, refer to the technical report dated January 25, 2021
(effective date December 1, 2020), titled “Preliminary Feasibility
Study for the South Arturo Mine, Elko County, NV” located on i-80’s
website
https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
https://i80gold.com/investors/#presentation
For further information, please contact:
Ewan Downie, CEO
1.888.346.1390
Info@i80gold.com
http://www.i80gold.com
https://i80gold.com/south-arturo/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
i-80 Gold Announces C$14 Million Top-Up Subscription by Equinox Gold
May 27 2021 - 06:00AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES/
https://ih.advfn.com/stock-market/TSX/IAU/stock-news/85221605/i-80-gold-announces-c-14-million-top-up-subscripti
RENO, Nev., May 27, 2021 /CNW/ -
i-80 GOLD CORP. (TSX: IAU) ("i-80", or the "Company") is pleased to confirm that Equinox Gold Corp. ("Equinox") has exercised its right under the support agreement (the "Agreement") dated April 7, 2021 between the Company and Equinox to defend its pro rata ownership of i–80 shares on a partially-diluted basis following the recent issuance of shares by the Company in connection with completion of the acquisition of all of the outstanding membership interests of Osgood Mining Company, LLC, the 100% owner of the Getchell mining project in Nevada, from Waterton Global Resource Management, Inc. In connection with to the Agreement, Equinox subscribed for 5,479,536 new common shares of the Company at a price of C$2.60 per common share, for gross proceeds to the Company of C$14,246,793.60 (the "Subscription"). As a result of the Subscription, Equinox has maintained the pro rata ownership of i-80 common shares it held prior to the completion of the acquisition by the Company of Osgood Mining, as detailed further below.
i-80 Gold Corp Logo (CNW Group/i-80 Gold Corp)
"The exercise of Equinox's anti-dilution right further strengthens our balance sheet and I believe demonstrates Equinox's commitment to the work with i-80 as we aggressively grow our business in Nevada." stated Ewan Downie, CEO of i-80.
As a consequence of its level of ownership of the Company's shares, Equinox is considered a "related party" of i-80 pursuant to applicable Canadian securities laws, including Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions of the Canadian Securities Regulators ("MI 61-101"), as well as an 'insider' of i-80 for the purposes of the rules and regulations of the Toronto Stock Exchange. The exercise by Equinox of its top-up right and Subscription for additional shares of i-80 is considered a "related-party transaction" for the purposes of MI 61-101. The Company is relying on exemptions from the formal valuation and minority securityholder approval requirements otherwise necessary for "related party transactions" that are available under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the subject matter of the transaction, insofar as it concerns "related parties", did not exceed 25% of the market capitalization of i-80 at the time the transaction was agreed to.
After giving effect to the acquisition of Osgood Mining by the Company, but immediately before the closing of the Subscription, Equinox held, directly or indirectly, 50,561,747 common shares of the Company representing approximately 27.3% of the basic issued and outstanding common shares of the Company, and warrants entitling Equinox to purchase 2,318,596 additional common shares. Assuming the exercise of such warrants on a partially diluted basis, Equinox would have owned 52,880,343 common shares, representing approximately 28.2% of the common shares that would be issued and outstanding. As a result of the Subscription, Equinox now holds directly or indirectly, 56,041,282 common shares representing approximately 29.4% of the basic issued and outstanding common shares of the Issuer on a non-diluted basis and the same warrants entitling Equinox to purchase 2,318,596 additional common shares. Assuming the exercise of such warrants on a partially diluted basis, Equinox would own 58,359,879 common shares of the Company, representing approximately 30.3% of the common shares that would be issued and outstanding on a partially-diluted basis.
Equinox has advised the Company that it is completing the Subscription for investment purposes and may or may not purchase or sell securities of the Company in the future on the open market or in private transactions, depending on market conditions and other factors. Equinox advises that it currently has no other plans or intentions that relate to its investment in the Company. Depending on market conditions, general economic and industry conditions, the Company's business and financial condition and/or other relevant factors, Equinox may develop other plans or intentions in the future relating to one or more of the above items.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo, advancing the Getchell Project through economic studies and then on to development, and the advanced exploration for the 100%–owned McCoy-Cove Property.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, actual production results and costs, outcomes and timing of updated technical studies and future exploration results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
SOURCE i-80 Gold Corp
NYBob
4 years ago
I-80 GOLD COMPLETES THE ACQUISITION OF THE GETCHELL PROJECT IN NEVADA
https://i80gold.com/i-80-gold-completes-the-acquisition-of-the-getchell-project-in-nevada/
CORPORATE PRESENTATION
https://i80gold.com/investors/#presentation
i-80 Gold Corp. (TSX:IAU) New website;
https://www.i80gold.com
https://investorshub.advfn.com/i-80-Gold-Corp-TSX-IAU-10569/
$Equinox Gold Reports Premier Gold Securityholder Approval of Acquisition
February 23 2021 - 03:42PM
PR Newswire (Canada)
VANCOUVER, BC, Feb. 23, 2021 /CNW/ -
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce that shareholders and optionholders of
Premier Gold Mines Limited (TSX: PG) (OTCPK: PIRGF) ("Premier") earlier today voted 99.9% to approve the acquisition by Equinox Gold of all of the issued and outstanding common shares of Premier by way of a statutory plan of arrangement previously announced on December 16, 2020 (the "Transaction").
$On closing of the Transaction, Premier shareholders will receive 0.1967
of an Equinox Gold share for each Premier share held, such that
existing Equinox Gold and Premier shareholders will own approximately
84% and 16% of Equinox Gold, respectively, on an issued share basis.
The Transaction is expected to close in March subject to certain
regulatory approvals and other customary closing conditions.
$By approving the Transaction, Premier securityholders also approved the spin-out to Equinox Gold and Premier shareholders shares of a newly created US-focused gold production and
development company to be called i-80 Gold Corp. ("i-80 Gold") that will own Premier's existing Nevada assets.
Upon completion of the Transaction and prior to giving effect to the issuance of any i-80 Gold shares in connection with any equity financing or acquisition to be completed by i-80 Gold, Equinox Gold and existing shareholders of Premier will own 30% and 70% of i-80 Gold, respectively.
Equinox Gold will retain Premier's interest in the world-class Hardrock Project in Ontario, the Mercedes Mine in Mexico, and the Hasaga and Rahill-Bonanza properties in Red Lake, Ontario.
Cautionary Notes and Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation, collectively "forward-looking statement". Forward-looking statements and forward-looking information in this news release relate to, among other things: the timing of closing of the Transaction, and the percent ownership of both Equinox Gold and i-80 Gold following closing of the Transaction. Forward-looking statements or information generally identified by the use of the words "will", "expected", "subject to", and similar expressions and phrases or statements that certain actions, events or results "may", "could" or "should", or the negative connotation of such terms, are intended to identify forward-looking statements and information. As well, forward-looking statements may relate to future outlook and anticipated events, such as the satisfaction of the conditions precedent to the Transaction, and the consummation and timing to complete the Transaction. These forward-looking statements involve numerous risks and uncertainties, including the risk factors identified in Premier's information circular dated January 25, 2021 for its special meeting of shareholders and optionholders, which is available on SEDAR at www.sedar.com; in Equinox Gold's MD&A dated February 28, 2020 and in its Annual Information Form dated May 13, 2020, both for the year ended December 31, 2019, and in its MD&A dated November 5, 2020 for the three and nine months ended September 30, 2020, all of which are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar; and in Premier's MD&A dated March 4, 2020 and its Annual Information Form dated March 30, 2020, both for the year ended December 31, 2019, which are available on SEDAR at www.sedar.com. While Equinox Gold considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Equinox Gold assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Equinox Gold updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Cision View original content:http://www.prnewswire.com/news-releases/equinox-gold-reports-premier-gold-securityholder-approval-of-acquisition-301233944.html
SOURCE Equinox Gold Corp.
https://investorshub.advfn.com/Equinox-Gold-Corp-EQX-31963/
NYBob
4 years ago
Equinox Gold Completes Acquisition of Premier Gold Mines, i-80 Gold Created
April 07 2021 - 05:46PM
PR Newswire (Canada)
VANCOUVER, BC, April 7, 2021 /CNW/ -
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") has completed its acquisition of Premier Gold Mines Limited (TSX: PG) (OTCPK: PIRGF) ("Premier"), adding Premier's interest in the construction-ready Hardrock Project in Ontario, Canada, the producing Mercedes Mine in Mexico, and the Hasaga and Rahill-Bonanza exploration properties in Ontario to the Company's existing portfolio of gold assets. Going forward, Hardrock will be called the Greenstone Project, a name that is well recognized in the region and supported locally. In connection with the acquisition, the spin-out of i-80 Gold Corp. ("i-80 Gold"), a newly created company holding Premier's gold projects in Nevada, USA, was also completed. Equinox Gold is a 30% shareholder of i-80 Gold.
Christian Milau, CEO of Equinox Gold, stated: "With Mercedes and Greenstone in our portfolio, Equinox Gold now has eight operating mines and one of the largest gold reserves in our peer group, all in the mining-friendly jurisdictions of Ontario, California, Mexico and Brazil. We also have a strong, near-term growth profile with construction of our Santa Luz mine underway, Greenstone construction targeted to start in 2021, and significant expansion projects at Los Filos and Castle Mountain. We look forward to developing Greenstone with Orion as our partner, integrating Mercedes into our portfolio of producing mines and being a substantial and supportive shareholder of i-80 Gold."
Ewan Downie, CEO of i-80 Gold and former CEO of Premier Gold, stated: "Premier shareholders will benefit from the combination with Equinox Gold and its financial capacity to advance development of our flagship Greenstone Project. It was a tremendous honour working with the Premier team for nearly 15 years, participating in numerous exploration and development successes, and I am thankful for the support of this group and our shareholders. We now look to the future and the public launch of i-80 Gold next week, with the objective of creating a go-to, Nevada-focused mining and development company."
Premier's common shares are expected to be de-listed from the Toronto Stock Exchange ("TSX") within two to three business days. Premier shareholders will receive 0.1967 of an Equinox Gold common share for each Premier share held. Each Premier warrant and option will become exercisable for Equinox Gold common shares, as adjusted in accordance with the exchange ratio. Premier shareholders will also receive 0.4 of a share in i-80 Gold for each Premier share held. The common shares of i-80 Gold are expected to be listed for trading on the TSX within three to four business days with the ticker symbol "IAU".
Premier shares held in a trading account will update automatically to reflect the receipt of Equinox Gold shares and i-80 Gold shares, generally within two weeks of closing. Premier shareholders who hold physical share certificates or DRS Statements must submit a Letter of Transmittal to Equinox Gold's transfer agent, Computershare Investor Services Inc., to receive their Equinox Gold shares. Additional information regarding the process of receiving Equinox Gold shares is available on Equinox Gold's website at www.equinoxgold.com. Information about the process to receive i-80 Gold shares can be obtained by contacting i-80 Gold by email at info@i80gold.com or by phone at 1-888-346-1390. The transfer agent for i-80 Gold is TSX Trust Company.
While Equinox Gold holds 30% of the shares of i-80 Gold, Equinox Gold shareholders will not receive i-80 Gold shares and i-80 Gold will be a separate, independent company with a management team that will include certain former Premier Gold executives.
Equinox Gold has also completed the associated non-brokered private placement of subscription receipts at a price of C$10.00 per subscription receipt for gross proceeds of C$75 million. Certain of the Company's executives and directors subscribed for C$40.4 million of the private placement. With the acquisition of Premier complete, holders of the subscription receipts will receive one share of Equinox Gold for each subscription receipt held.
With completion of the acquisition of Premier by Equinox Gold, the escrow release conditions in respect of i-80 Gold's $80.4 million subscription receipt financing completed on March 18, 2021 have now been satisfied. Each of the 30,914,614 subscription receipts of i-80 Gold issued will be automatically converted, with no further action on the part of the holder, into one common share and ¼ of one common share purchase warrant of i-80 Gold. The net proceeds of the financing have been released to i-80 Gold. For further information on the subscription receipt financing, refer to the Premier March 18, 2021 news release.
About Equinox Gold
Equinox Gold is a Canadian mining company with eight operating gold mines, construction underway at a ninth site, a multi-million-ounce gold reserve base and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas with properties in Canada, the United States, Mexico and Brazil. Equinox Gold's common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold's portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Equinox Gold Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
i-80 Gold Contacts
Ewan Downie, Chief Executive Officer
Matthew Gollat, Executive Vice President
Tel: +1 888-346-1390
Email: info@i80gold.com
Cautionary Notes & Forward-looking Statements
This news release includes certain statements that constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws collectively "forward-looking statements". These include statements regarding the expectations of the officers and directors of Equinox Gold and i-80 Gold (the "Companies") following completion of the acquisition of Premier and the spin-out of i-80 Gold. When used in this news release, words such as "will", "clear path", "strong", "expected", and similar expressions are intended to identify these forward-looking statements as well as phrases or statements that certain actions, events or results "may", "could", "would", "should", "occur" or "be achieved" or the negative connotation of such terms. As well, forward-looking statements may relate to future outlook and anticipated events, such as the timing regarding de-listing of Premier's shares and listing and trading of i-80 Gold's shares; Equinox Gold's ability to realize the synergies anticipated with the acquisition of Premier; the strategic vision for Equinox Gold and its ability to successfully advance its development and expansion projects and achieve its growth objectives; the strengths, characteristics and potential of i-80 Gold; the strategic vision for i-80 Gold; the ability of i-80 Gold to successfully advance its projects; and the availability of funds and future cash requirements for the projects of both Equinox Gold and i-80 Gold.
Although the Companies believe that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since the Companies can give no assurance that such expectations will prove to be correct. The Companies caution that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements and information contained in this news release and the Companies have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; the potential for labour-related disruptions and unplanned delays or interruptions in scheduled construction, development and production, including by blockade; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; Equinox Gold's and i-80 Gold's respective abilities to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; capital, decommissioning and reclamation estimates; the potential for legal restrictions relating to mining including those imposed in connection with COVID-19; the potential impact of COVID-19 on operations; risks relating to expropriation; and increased competition in the mining industry; the ability of Equinox Gold and i-80 Gold to work productively with their respective joint venture partners; and Equinox Gold's ability to realize a benefit from its investment in i-80 Gold. Additional risk factors are identified in Equinox Gold's MD&A dated March 19, 2021 and its Annual Information Form dated March 24, 2021, both for the year ended December 31, 2020, which are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar; and in Premier's MD&A dated March 31, 2021 and its Annual Information Form dated March 31, 2021, both for the year ended December 31, 2020, which are available on Premier's profile on SEDAR. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. While the Companies consider these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release. Except as required by applicable law, the Companies have no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If the Companies update any one or more forward-looking statements, no inference should be drawn that the company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Cision View original content:http://www.prnewswire.com/news-releases/equinox-gold-completes-acquisition-of-premier-gold-mines-i-80-gold-created-301264571.html
SOURCE Equinox Gold Corp.
NYBob
4 years ago
Equinox Gold Completes Acquisition of Premier Gold Mines,
i-80 Gold Created
T.EQX | 36 minutes ago
Canada NewsWire
VANCOUVER, BC , April 7, 2021 /CNW/ -
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or
the "Company") has completed its acquisition of
Premier Gold Mines Limited (TSX: PG) (OTCPK: PIRGF) ("Premier"),
adding Premier's interest in the construction-ready
Hardrock Project in Ontario, Canada , the producing
Mercedes Mine in Mexico , and
the Hasaga and Rahill-Bonanza exploration properties in Ontario to the Company's existing portfolio of gold assets.
Going forward, Hardrock will be called the Greenstone Project, a name
that is well recognized in the region and supported locally. In connection
with the acquisition,
the spin-out of i-80 Gold Corp. ("i-80 Gold"), a newly created company
holding Premier's gold projects in Nevada, USA , was also completed.
Equinox Gold is a 30% shareholder of i-80 Gold.
Christian Milau , CEO of Equinox Gold, stated: "With Mercedes and Greenstone
in our portfolio, Equinox Gold now has eight operating mines and one of
the largest gold reserves in our peer group, all in the mining-friendly jurisdictions of Ontario , California , Mexico and Brazil .
We also have a strong, near-term growth profile with construction of our
Santa Luz mine underway, Greenstone construction targeted to start in 2021, and
significant expansion projects at Los Filos and Castle Mountain.
We look forward to developing Greenstone with Orion as our partner, integrating
Mercedes into our portfolio of producing mines and being a substantial and
supportive shareholder of i-80 Gold."
Ewan Downie , CEO of i-80 Gold and former CEO of Premier Gold, stated:
"Premier shareholders will benefit from the combination with Equinox Gold and
its financial capacity to advance development of our flagship Greenstone Project.
It was a tremendous honour working with the Premier team for nearly 15 years,
participating in numerous exploration and development successes, and
I am thankful for the support of this group and our shareholders.
We now look to the future and the public launch of i-80 Gold next week, with
the objective of creating a go-to,
Nevada -focused mining and development company."
Premier's common shares are expected to be de-listed from the Toronto Stock Exchange ("TSX") within two to three business days.
Premier shareholders will receive 0.1967 of an Equinox Gold common share for
each Premier share held.
Each Premier warrant and option will become exercisable for
Equinox Gold common shares, as adjusted in accordance with the exchange ratio.
Premier shareholders will also receive 0.4 of a share in i-80 Gold for each
Premier share held.
The common shares of i-80 Gold are expected to be listed for trading on
the TSX within three to four business days with the ticker symbol "IAU".
Premier shares held in a trading account will update automatically to reflect
the receipt of Equinox Gold shares and i-80 Gold shares, generally within two weeks
of closing.
Premier shareholders who hold physical share certificates or DRS Statements
must submit a Letter of Transmittal to Equinox Gold's transfer agent,
Computershare Investor Services Inc., to receive their Equinox Gold shares.
Additional information regarding the process of receiving Equinox Gold shares is
available on Equinox Gold's website at
http://www.equinoxgold.com .
Information about the process to receive i-80 Gold shares can be obtained by
contacting i-80 Gold by email at
info@i80gold.com
or by phone at 1-888-346-1390.
The transfer agent for i-80 Gold is TSX Trust Company.
While Equinox Gold holds 30% of the shares of i-80 Gold,
Equinox Gold shareholders will not receive i-80 Gold shares and
i-80 Gold will be a separate, independent company with a management team
that will include certain former Premier Gold executives.
Equinox Gold has also completed the associated non-brokered private placement
of subscription receipts at a price of C$10.00 per subscription receipt for gross
proceeds of C$75 million .
Certain of the Company's executives and directors subscribed for
C$40.4 million of the private placement.
With the acquisition of Premier complete, holders of the subscription receipts
will receive one share of Equinox Gold for each subscription receipt held.
With completion of the acquisition of Premier by Equinox Gold, the escrow release
conditions in respect of i-80 Gold's $80.4 million subscription receipt financing
completed on March 18, 2021 have now been satisfied.
Each of the 30,914,614 subscription receipts of i-80 Gold issued will be automatically converted, with no further action on the part of the holder, into one common share and ¼ of
one common share purchase warrant of i-80 Gold.
The net proceeds of the financing have been released to i-80 Gold.
For further information on the subscription receipt financing, refer to
the Premier March 18, 2021 news release.
About Equinox Gold
Equinox Gold is a Canadian mining company with eight operating gold mines,
construction underway at a ninth site, a multi-million-ounce gold reserve base and
a clear path to achieve more than one million ounces of annual gold production
from a pipeline of development and expansion projects.
Equinox Gold operates entirely in the Americas with properties in Canada ,
the United States , Mexico and Brazil .
Equinox Gold's common shares are listed on the TSX and the NYSE American
under the trading symbol EQX.
Further information about Equinox Gold's portfolio of assets and long-term growth
strategy is available at
www.equinoxgold.com
or by email at
ir@equinoxgold.com .
Equinox Gold Contacts
Christian Milau , Chief Executive Officer
Rhylin Bailie , Vice President, Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
i-80 Gold Contacts
Ewan Downie , Chief Executive Officer
Matthew Gollat , Executive Vice President
Tel: +1 888-346-1390
Email: info@i80gold.com
Cautionary Notes & Forward-looking Statements
This news release includes certain statements that constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws collectively "forward-looking statements". These include statements regarding the expectations of the officers and directors of Equinox Gold and i-80 Gold (the "Companies") following completion of the acquisition of Premier and the spin-out of i-80 Gold. When used in this news release, words such as "will", "clear path", "strong", "expected", and similar expressions are intended to identify these forward-looking statements as well as phrases or statements that certain actions, events or results "may", "could", "would", "should", "occur" or "be achieved" or the negative connotation of such terms. As well, forward-looking statements may relate to future outlook and anticipated events, such as the timing regarding de-listing of Premier's shares and listing and trading of i-80 Gold's shares; Equinox Gold's ability to realize the synergies anticipated with the acquisition of Premier; the strategic vision for Equinox Gold and its ability to successfully advance its development and expansion projects and achieve its growth objectives; the strengths, characteristics and potential of i-80 Gold; the strategic vision for i-80 Gold; the ability of i-80 Gold to successfully advance its projects; and the availability of funds and future cash requirements for the projects of both Equinox Gold and i-80 Gold.
Although the Companies believe that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since the Companies can give no assurance that such expectations will prove to be correct. The Companies caution that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements and information contained in this news release and the Companies have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; the potential for labour-related disruptions and unplanned delays or interruptions in scheduled construction, development and production, including by blockade; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; Equinox Gold's and i-80 Gold's respective abilities to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; capital, decommissioning and reclamation estimates; the potential for legal restrictions relating to mining including those imposed in connection with COVID-19; the potential impact of COVID-19 on operations; risks relating to expropriation; and increased competition in the mining industry; the ability of Equinox Gold and i-80 Gold to work productively with their respective joint venture partners; and Equinox Gold's ability to realize a benefit from its investment in i-80 Gold. Additional risk factors are identified in Equinox Gold's MD&A dated March 19, 2021 and its Annual Information Form dated March 24, 2021 , both for the year ended December 31, 2020 , which are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar ; and in Premier's MD&A dated March 31, 2021 and its Annual Information Form dated March 31, 2021 , both for the year ended December 31, 2020 , which are available on Premier's profile on SEDAR . Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. While the Companies consider these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release. Except as required by applicable law, the Companies have no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If the Companies update any one or more forward-looking statements, no inference should be drawn that the company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Cision View original content: http://www.prnewswire.com/news-releases/equinox-gold-completes-acquisition-of-premier-gold-mines-i-80-gold-created-301264571.html
SOURCE Equinox Gold Corp.
Cision View original content: http://www.newswire.ca/en/releases/archive/April2021/07/c7529.html
Canada Newswire
April 7, 2021 - 2:46 PM PDT
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NYBob
4 years ago
$Equinox Gold Reports Premier Gold Securityholder Approval of Acquisition
February 23 2021 - 03:42PM
PR Newswire (Canada)
VANCOUVER, BC, Feb. 23, 2021 /CNW/ -
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce that shareholders and optionholders of
Premier Gold Mines Limited (TSX: PG) (OTCPK: PIRGF) ("Premier") earlier today voted 99.9% to approve the acquisition by Equinox Gold of all of the issued and outstanding common shares of Premier by way of a statutory plan of arrangement previously announced on December 16, 2020 (the "Transaction").
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162112075
On closing of the Transaction, Premier shareholders will receive 0.1967 of an Equinox Gold share for each Premier share held, such that existing Equinox Gold and Premier shareholders will own approximately 84% and 16% of Equinox Gold, respectively, on an issued share basis.
The Transaction is expected to close in March subject to certain regulatory approvals and other customary closing conditions.
By approving the Transaction, Premier securityholders also approved the spin-out to Equinox Gold and Premier shareholders shares of a newly created US-focused gold production and
development company to be called i-80 Gold Corp. ("i-80 Gold") that will own Premier's existing Nevada assets.
Upon completion of the Transaction and prior to giving effect to the issuance of any i-80 Gold shares in connection with any equity financing or acquisition to be completed by i-80 Gold, Equinox Gold and existing shareholders of Premier will own 30% and 70% of i-80 Gold, respectively.
Equinox Gold will retain Premier's interest in the world-class Hardrock Project in Ontario, the Mercedes Mine in Mexico, and the Hasaga and Rahill-Bonanza properties in Red Lake, Ontario.
Cautionary Notes and Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation, collectively "forward-looking statement". Forward-looking statements and forward-looking information in this news release relate to, among other things: the timing of closing of the Transaction, and the percent ownership of both Equinox Gold and i-80 Gold following closing of the Transaction. Forward-looking statements or information generally identified by the use of the words "will", "expected", "subject to", and similar expressions and phrases or statements that certain actions, events or results "may", "could" or "should", or the negative connotation of such terms, are intended to identify forward-looking statements and information. As well, forward-looking statements may relate to future outlook and anticipated events, such as the satisfaction of the conditions precedent to the Transaction, and the consummation and timing to complete the Transaction. These forward-looking statements involve numerous risks and uncertainties, including the risk factors identified in Premier's information circular dated January 25, 2021 for its special meeting of shareholders and optionholders, which is available on SEDAR at www.sedar.com; in Equinox Gold's MD&A dated February 28, 2020 and in its Annual Information Form dated May 13, 2020, both for the year ended December 31, 2019, and in its MD&A dated November 5, 2020 for the three and nine months ended September 30, 2020, all of which are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar; and in Premier's MD&A dated March 4, 2020 and its Annual Information Form dated March 30, 2020, both for the year ended December 31, 2019, which are available on SEDAR at www.sedar.com. While Equinox Gold considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Equinox Gold assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Equinox Gold updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Cision View original content:http://www.prnewswire.com/news-releases/equinox-gold-reports-premier-gold-securityholder-approval-of-acquisition-301233944.html
SOURCE Equinox Gold Corp.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162112075
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