- i-80 Gold (IAU) is now shipping ore from its Granite Creek Mine to Nevada Gold Mines
- Given testing and blending requirements, i-80 does not expect to report ounces from Granite Creek until Q4 2022
- Step-out drilling aimed at expanding the Granite Creek resource is underway
- i-80 Gold is a Nevada-focused mining and production company
- i-80 Gold (IAU) is down by 5.46 per cent trading at $2.25 per share
i-80 Gold (IAU) is now shipping ore from its Granite Creek Mine to Nevada Gold Mines.
Nevada Gold Mines (NGM) will begin processing the ore at its Twin Creeks facility as per i-80’s toll-milling agreement related to the acquisition of the Lone Tree property.
Given the timing of ore testing and an initial blending program by NGM, i-80 does not expect to report ounces from Granite Creek until Q4 2022.
The shipment, which is ahead of schedule, represents a major milestone in i-80’s 2022 comprehensive plan.
The Granite Creek property is strategically located proximal to Nevada Gold Mines’ Turquoise Ridge and Twin Creeks mines on the Battle Mountain-Eureka Trend. High-grade mineralization occurs in a near-identical geological setting as the multi-million-ounce Turquoise Ridge Mine.
Granite Creek remains open at depth and along strike from the existing underground workings and step-out drilling aimed at resource expansion is underway.
“The goal now,” stated Matt Gili, President and COO of i-80, “is to continue to advance development, ramping up mining to 450 tons per day by the end of the year, and further accelerate mining in 2023 to achieve our target of 1,000 tons per day in H2 2023.”
i-80 Gold is a Nevada-focused mining and production company developing multiple deposits within its advanced-stage portfolio.
i-80 Gold (IAU) is down by 5.46 per cent trading at $2.25 per share as of 10:36 am EST.