i-80 Gold Ramps Up 2024 Granite Creek Exploration & Development Program
The primary focus is bringing the
The 2024 drilling program will follow-up on the successful 2023 "Phase 1" drilling completed from underground and surface (see Figure 1). Drilling from underground was completed in the upper portion of the SPZ, where initial stoping is expected, and surface drilling was completed in the northern portion of the deposit. Both programs returned exceptional high-grade results including:
Highlight results from 2023 underground drilling in the
- 16.9 g/t Au over 5.7 m (0.49 oz/ton Au over 18.8 feet) in hole GCPU23-19*
- 37.7 g/t Au over 7.6 m (1.10 oz/ton Au over 25.0 feet) in hole GCPU23-20*
- 19.2 g/t Au over 4.3 m (0.56 oz/ton Au over 14.0 feet) in hole GCPU23-21*
- 31.1 g/t Au over 21.9 m (0.91 oz/ton Au over 72.0 feet) in hole GCPU23-22*
- 27.3 g/t Au over 4.0 m (0.80 oz/ton Au over 13.0 feet) in hole GCPU23-25*
- 19.5 g/t Au over 4.1 m (0.57 oz/ton Au over 13.5 feet) in hole GCPU23-26*
- 28.7 g/t Au over 16.5 m (0.84 oz/ton Au over 54.0 feet) and 11.9 g/t Au over 21.6 m (0.35 oz/ton Au over 71.0 feet) in hole GCPU23-30*
- 20.6 g/t Au over 6.1 m (0.60 oz/ton Au over 20.0 feet) in hole GCPU23-31*
- 15.4 g/t Au over 7.9 m (0.45 oz/ton Au over 26.0 feet) and 31.0 g/t Au over 2.4 m (0.90 oz/ton Au over 8.0 feet) in hole GCPU23-32*
Highlight results from 2023 surface drilling in the
- 26.1 g/t Au over 5.7 m (0.76 oz/ton Au over 18.7 feet) in hole iGS23-01*
- 10.6 g/t Au over 9.4 m (0.31 oz/ton Au over 30.8 feet) in hole iGS23-02*
- 25.6 g/t Au over 5.5 m (0.75 oz/ton Au over 18.2 feet) in hole iGS23-03*
- 28.1 g/t Au over 4.4 m (0.82 oz/ton Au over 14.5 feet) in hole iGS23-04*
- 15.5 g/t Au over 19.7 m (0.45 oz/ton Au over 64.7 feet) in hole iGS23-05*
- 27.0 g/t Au over 2.1 m (0.79 oz/ton Au over 6.9 feet) in hole iGS23-09*
- 13.6 g/t Au over 5.2 m (0.40 oz/ton Au over 17.2 feet) in hole iGS23-10*
* Previously released, see original press releases for true width, collar, and survey data |
With improved definition drilling, initial development, and test mining of the SPZ, the Company will plan to complete an updated resource estimate and Feasibility Study. The SPZ remains open for expansion at depth and along strike to the north towards
"The recently completed financing significantly bolsters the Company's balance sheet and we are now in a position to accelerate the advancement of i-80's portfolio of high-grade projects.", stated
High-grade mineralization at
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
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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