- i-80 Gold Corp. (IAU) has discovered significant high-grade gold results from the Granite Creek Property
- 19 holes were drilled at the South Pacific Zone, which saw impressive gold mineralization
- Drilling continues to expand the mineralization with continuous high grades
- The zone remains open for expansion along strike to the north and at depth and will be included in a resource update
- i-80 Gold Corp. (IAU) is down 2.07 per cent, trading at $2.37 per share as of 12:35 p.m. ET
i-80 Gold (IAU) has discovered significant high-grade gold results from 19 holes drilled at the South Pacific Zone at the Granite Creek Property in Nevada.
The South Pacific Zone is a new area of gold mineralization, and current drilling continues to expand the mineralization with continuous high grades.
Ewan Downie, CEO of i-80, stated,
“Ongoing drilling in the South Pacific Zone continues to confirm one of the highest-grade gold discoveries made in recent years, not only in Nevada but anywhere in the world… the [zone] can be developed quite rapidly and represents a potential game-changer in our ultimate production profile.”
The zone remains open for expansion along strike to the north and at depth and will be included in a resource update once the program has been completed. It is the company’s priority target for the Granite Creek Property.
Tyler Hill, the senior geologist at i‑80, added,
“The continuity of high-grade mineralization within the South Pacific Zone appears to be excellent over a strike length of more than 600 metres and dip length of 250 metres… we have prioritized the extension of the decline to accelerate the development of underground workings towards the [zone].”
Additionally, multiple holes were drilled to better define the upper and southern limits of the South Pacific Zone and returned modest results, which i-80 expected due to historical data.
i-80 Gold Corp. (IAU) is down 2.07 per cent, trading at $2.37 per share as of 12:35 p.m. ET.