i-80 Gold Announces Best Results To-Date from Underground Drilling at Cove
New Helen Zone Results (3 Holes) Include 22.6 g/t Au over 19.1 m, 32.9 g/t Au over 14.9 m and 23.5 g/t Au over 12.8 m
The new results are from results that continue to be received from drilling completed in 2023 to define the
Highlight new results from drilling at McCoy-Cove include:
- iCHU23-37: 14.4 g/t Au over 9.1 m
And 22.6 g/t Au over 19.1 m
And 55.0 g/t Au over 1.8 m
- iCHU23-38: 13.8 g/t Au over 10.1 m
And 32.9 g/t Au over 14.9 m
- iCHU23-39: 25.3 g/t Au over 9.4 m
And 30.5 g/t Au over 2.1 m
And 19.7 g/t Au over 2.7 m
And 23.5 g/t Au over 12.8 m
"Results received to-date have met or exceeded our expectations as definition drilling continues to confirm that Cove is one of the highest-grade, development-stage, gold deposits in
The McCoy-Cove Property is strategically located in the prolific Battle Mountain Trend immediately south of
The underground drill program at Cove is expected to consist of more than 40,000 m of drilling on approximate 30 metre spacing focused on the
Carlin-style mineralization in the Helen and CSD Gap zones is hosted primarily in the Favret limestone rock unit with enhanced grades and thicknesses of mineralized zones occurring at structural intersections, along the margins of dikes and sills, and within the axis of the northwest striking Cove anticline.
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) |
iCHU23-37 |
Helen |
Core |
272.7 |
281.8 |
9.1 |
14.1 |
2.3 |
and |
Helen |
Core |
291.3 |
310.3 |
19.1 |
22.6 |
10.8 |
and |
Helen |
Core |
334.6 |
336.4 |
1.8 |
55.0 |
8.2 |
iCHU23-38 |
Helen |
Core |
278.6 |
288.6 |
10.1 |
13.8 |
5.5 |
and |
Helen |
Core |
323.6 |
338.5 |
14.9 |
32.9 |
6.0 |
iCHU23-39 |
Helen |
Core |
274.9 |
285.4 |
9.4 |
25.3 |
4.2 |
and |
Helen |
Core |
293.2 |
295.3 |
2.1 |
30.5 |
11.8 |
and |
Helen |
Core |
309.5 |
312.1 |
2.7 |
19.7 |
4.2 |
and |
Helen |
Core |
317.9 |
330.7 |
12.8 |
23.5 |
5.0 |
UTM |
Drillhole ID |
East m |
North m |
Elevation m |
Azimuth |
Dip |
|
iCHU23-37 |
481774 |
4466011 |
1428 |
089 |
-81 |
iCHU23-38 |
481773 |
4466010 |
1428 |
098 |
-87 |
|
iCHU23-39 |
481774 |
4466010 |
1428 |
358 |
-85 |
The McCoy-Cove Property comprises a large package of approximately 13,000 hectares covering an area roughly 15 km by 10 km that offers substantial exploration upside as the bulk of work completed to-date has been focused on the main deposit areas. Earlier exploration, mostly completed in 20214, resulted in several new discoveries that have received little to no follow-up including polymetallic mineralization in the 2201 and
Please click here for further information on abbreviations and conversions referenced in this press release.
All samples were submitted to ALS Minerals (ALS) of
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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