i-80 Gold Releases High-Grade Results from Underground Drilling at Granite Creek
Including 22.0 g/t Au over 29.0 m, 18.4 g/t Au over 14.4 m & 60.5 g/t Au over 4.1 m
The new results are from seven new holes drilled in the underground campaign focused on the delineation of mineralization within the
The underground drill program is focused on the southern and upper part of the deposit, where initial mining is planned. Results from the underground program continue to demonstrate continuity of high-grade mineralization with some of the best results received to-date in the
Highlight results from the most recent seven new underground drill holes testing the
- GCPU23-33: 17.7 g/t Au over 7.0 m
- GCPU23-45A: 27.2 g/t Au over 4.0 m
- GCPU24-01: 18.1 g/t Au over 14.4 m
- GCPU24-02: 22.0 g/t Au over 29.0 m
- GCPU24-04: 11.0 g/t Au over 22.4 m
- GCPU24-04: 60.5 g/t Au over 4.1 m
"The ongoing surface and underground drilling program at
Drillhole ID |
Zone |
Type |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
GCPU23-33 |
SPZ |
Core |
75.0 |
75.7 |
0.7 |
37.7 |
And |
SPZ |
Core |
158.2 |
161.2 |
3.0 |
8.9 |
And |
SPZ |
Core |
194.8 |
195.7 |
0.9 |
37.3 |
And |
SPZ |
Core |
206.7 |
213.7 |
7.0 |
17.7 |
GCPU23-44 |
SPZ |
Core |
92.2 |
92.8 |
0.6 |
10.5 |
GCPU23-45A |
SPZ |
Core |
168.2 |
172.2 |
4.0 |
27.2 |
GCPU24-01 |
SPZ |
Core |
34.3 |
36.0 |
1.6 |
14.7 |
And |
SPZ |
Core |
153.7 |
168.0 |
14.4 |
18.1 |
GCPU24-02 |
SPZ |
Core |
200.9 |
229.8 |
29.0 |
22.0 |
GCPU24-03 |
SPZ |
Core |
8.2 |
9.0 |
0.8 |
18.3 |
GCPU24-04 |
SPZ |
Core |
181.2 |
203.6 |
22.4 |
11.0 |
And |
SPZ |
Core |
208.5 |
210.0 |
1.5 |
14.6 |
And |
SPZ |
Core |
214.6 |
215.8 |
1.2 |
23.9 |
And |
SPZ |
Core |
219.9 |
224.0 |
4.1 |
60.5 |
True widths estimated 10-50% |
|
||||||
Table 1a - Collar Coordinates |
||||||
UTM |
Drillhole ID |
East m |
North m |
Elevation m |
Azimuth |
Dip |
NAD83 |
GCPU23-33 |
478223 |
4554278 |
1328 |
046 |
-40 |
GCPU23-44 |
478223 |
4554278 |
1328 |
052 |
-47 |
|
GCPU23-45A |
478223 |
4554277 |
1328 |
076 |
-57 |
|
GCPU24-01 |
478223 |
4554276 |
1329 |
096 |
-62 |
|
GCPU24-02 |
478223 |
4554277 |
1328 |
057 |
-77 |
|
GCPU24-03 |
478224 |
4554277 |
1328 |
067 |
-75 |
|
GCPU24-04 |
478224 |
4554278 |
1328 |
055 |
-51 |
With its improved financial position, the Company is in the process of ramping up a large-scale surface drill program to complete further definition and expansion drilling of the SPZ in advance of an updated resource estimate and Feasibility Study for the Granite Creek Property. Four (4) drill rigs will be used to complete this program. Additionally, the main decline is being extended to provide access to the SPZ and initial stoping of this new zone is expected mid-year.
The Granite Creek Property is strategically located proximal to
The Company will hold an "Investor Day" presentation immediately following its Annual General Meeting (AGM) today,
Webcast URL: https://app.webinar.net/eb85pbLyxrG |
Phone Number Information: |
North American Toll-free: 1-888-664-6383 |
Local Toronto: 1-416-764-8650 |
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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