Initial Results from the Helen Zone Include
25.4 g/t Au over 20.1 m, 28.0 g/t Au
over 10.4 m and 21.0 g/t Au
over 10.8 m
RENO,
Nev., Nov. 20, 2023 /PRNewswire/ - i-80
GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the
"Company") is pleased to announce positive results from
ongoing underground drilling at the Company's 100%-owned McCoy-Cove
Property ("Cove" or "the Property") located in
Lander County, Nevada. The new
results are from definition drilling in the CSD/Gap Zone and
initial drilling in the Helen Zone that continue to confirm
continuity of high-grade mineralization in both horizons.
Drilling is now underway to define the Helen Zone, confirming
high-grade mineralization over appreciable widths with intercepts
up to 25.4 g/t Au over 20.1 metres. The initial holes are
designed to define the western-most extremity of the deposit prior
to proceeding east into the heart of the deposit (see Figures 2
& 3). Initial results have been extremely positive, similar to
what was encountered in the initial drilling of the Gap Zone, where
previously released results include intercepts of up to 7.0 g/t
Au over 119.6 m in hole iRH23-14
that included four higher-grade zones of gold mineralization of up
to 10.6 g/t Au over 38.3 m.
This release also includes results from drilling in the northwest
extremity of the CSD/Gap Zone. A complete summary of new results is
provided in Table 1.
Highlight new results from 2023 drilling program at Cove
include:
CSD/Gap Zone
- iCHU23-19: 15.7 g/t Au & 16.8 g/t Ag over
4.5 m
- iCHU23-20: 7.6 g/t Au & 2.0 g/t Ag over 12.2 m
- iCHU23-22: 21.8 g/t Au & 4.8 g/t Ag over 10.3 m
Helen Zone
- iCHU23-23: 28.0 g/t Au & 5.1 g/t Ag over
10.4 m
And 21.0 g/t Au & 7.4 g/t
Ag over 10.8 m
- iCHU23-24: 18.0 g/t Au & 9.4 g/t Ag over 4.6 m
- iCHU23-25: 11.1 g/t Au & 14.4 g/t Ag over 3.7 m
And 7.8 g/t Au & 3.7 g/t Ag over 6.7 m
And 15.4 g/t Au & 3.3 g/t
Ag over 1.6 m
- iCHU23-26: 8.4 g/t Au & 2.7 g/t Ag over 9.1 m
- iCHU23-28: 25.4 g/t Au & 5.1 g/t Ag over 20.1 m
And 8.8 g/t Au & 2.4 g/t Ag
over 8.5 m
"Results continue to confirm that the Cove deposit is one of
North America's highest-grade gold
deposits.", stated Ewan Downie, CEO
of i-80 Gold. "These results, when combined with previously
released results, highlight Cove as a Tier 1 Nevada deposit.
Mineralization remains open for expansion and significant
exploration targets exist on the large land package."
To date, 40 holes have been completed (28 with results released)
out of approximately 120 holes planned that will comprise more than
40,000 metres on approximate 30 metre centers in advance of an
updated resource estimate and economic study. This program is
focused on the CSD Gap and Helen Zone portions of the deposit while
mineralization below the pit in the Cove South Deep and 2201
deposits is not being drilled as part of this program (Figures 2
& 3).
Table 1 – Highlight New Assay Results from Cove Underground
Drilling
New 2023 results from
McCoy-Cove, estimated true thickness 80-95%
|
Drillhole ID
|
Zone
|
Type
|
From (m)
|
To (m)
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
iCHU23-19
|
CSD Gap
|
Core
|
255.5
|
260.0
|
4.5
|
15.7
|
16.8
|
iCHU23-20
|
CSD Gap
|
Core
|
262.7
|
274.9
|
12.2
|
7.6
|
2.0
|
iCHU23-21
|
CSD Gap
|
Core
|
342.0
|
350.4
|
8.4
|
5.7
|
3.7
|
and
|
CSD Gap
|
Core
|
354.5
|
357.5
|
3.0
|
10.8
|
62.9
|
iCHU23-22
|
CSD Gap
|
Core
|
257.2
|
260.0
|
2.8
|
10.4
|
6.4
|
and
|
CSD Gap
|
Core
|
269.0
|
271.1
|
2.1
|
13.5
|
3.2
|
and
|
CSD Gap
|
Core
|
316.2
|
326.4
|
10.3
|
21.8
|
4.8
|
iCHU23-23
|
Helen
|
Core
|
256.6
|
267.0
|
10.4
|
28.0
|
5.1
|
and
|
Helen
|
Core
|
291.7
|
302.5
|
10.8
|
21.0
|
7.4
|
iCHU23-24
|
Helen
|
Core
|
247.9
|
249.4
|
1.5
|
19.0
|
5.7
|
and
|
Helen
|
Core
|
278.7
|
283.3
|
4.6
|
18.0
|
9.4
|
iCHU23-25
|
Helen
|
Core
|
133.1
|
136.8
|
3.7
|
11.1
|
14.4
|
and
|
Helen
|
Core
|
218.2
|
224.9
|
6.7
|
7.8
|
3.7
|
and
|
Helen
|
Core
|
252.1
|
253.7
|
1.6
|
15.4
|
3.3
|
iCHU23-26
|
Helen
|
Core
|
257.0
|
266.2
|
9.1
|
8.4
|
2.7
|
iCHU23-27
|
Helen
|
Core
|
117.4
|
120.7
|
3.3
|
7.5
|
2.9
|
and
|
Helen
|
Core
|
136.9
|
144.4
|
7.5
|
5.9
|
4.8
|
and
|
Helen
|
Core
|
264.0
|
270.1
|
6.1
|
6.7
|
1.6
|
iCHU23-28
|
Helen
|
Core
|
247.9
|
254.1
|
9.9
|
6.2
|
1.9
|
and
|
Helen
|
Core
|
266.0
|
274.5
|
8.5
|
8.8
|
2.4
|
and
|
Helen
|
Core
|
306.5
|
326.7
|
20.1
|
25.4
|
5.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UTM
|
Drillhole ID
|
East m
|
North m
|
Elevation m
|
Azimuth
|
Dip
|
NAD83 Zone 11
|
iCHU23-19
|
482177
|
4465776
|
1417
|
001
|
-86
|
iCHU23-20
|
482127
|
4465702
|
1414
|
103
|
-81
|
iCHU23-21
|
482127
|
4465703
|
1414
|
083
|
-87
|
iCHU23-22
|
482127
|
4465704
|
1414
|
048
|
-83
|
iCHU23-23
|
481770
|
4466009
|
1428
|
258
|
-82
|
iCHU23-24
|
481770
|
4466010
|
1428
|
261
|
-72
|
iCHU23-25
|
481770
|
4466010
|
1428
|
278
|
-72
|
iCHU23-26
|
481770
|
4466011
|
1428
|
288
|
-73
|
iCHU23-27
|
481771
|
4466011
|
1428
|
302
|
-79
|
iCHU23-28
|
481771
|
4466011
|
1428
|
306
|
-86
|
Cove is one of three projects currently being advanced to
realize the Company's goal of becoming one of the largest producers
in Nevada. In addition to the
underground drill program at Cove, the Company is completing a
40-day pump test for the completion of a final hydrological model
for the Property and final mine permitting.
Please click here for further information on abbreviations and
conversions referenced in this press release.
QAQC Procedures
All samples were submitted to ALS Minerals (ALS) of Sparks, NV, which is an ISO 9001 and 17025
certified and accredited laboratory, independent of the Company.
Samples submitted through ALS are run through standard prep methods
and analysed using Au-AA23 (ALS) (Au; 30g fire assay) and ME-MS61
(35 element suite; 0.4g 4 acid/ICP-AES). ALS also undertakes their
own internal coarse and pulp duplicate analysis to ensure proper
sample preparation and equipment calibration. i-80 Gold Corp's
QA/QC program includes regular insertion of CRM standards,
duplicates, and blanks into the sample stream with a stringent
review of all results.
Qualified Person
Tyler Hill, CPG-12146, Chief
Geologist at i-80 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.
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 through the development of
multiple deposits within the Company's advanced-stage property
portfolio with processing at i-80's centralized milling facilities.
i-80 Gold's common shares are listed on the TSX and the NYSE
American under the trading symbol IAU:TSX and IAUX:NYSE. Further
information about i-80 Gold's portfolio of assets and long-term
growth strategy is available at www.i80gold.com or by email at
info@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, the
expansion or mineral resources at McCoy-Cove and the potential of
the Cove project. 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.
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SOURCE i-80 Gold Corp