- Nevada gold miner i-80 Gold has shared additional positive results from underground drilling at its McCoy-Cove Property
- Highlights include 12.8 g/t Au over 14.2 m, and 13.8 g/t Au over 7.6 m (iCHU23-05)
- The results will support an updated resource estimate and full feasibility study
- i-80 Gold is a Nevada-focused gold mining company developing an advanced-stage property portfolio
- i-80 Gold (TSX:IAU) last traded at $3.05 per share
Nevada gold miner i-80 Gold has shared additional positive results from underground drilling at its McCoy-Cove Property.
The ongoing 40,000 m drill program is focused on upgrading resources in the Helen and CSD/Gap Zones to facilitate an updated resource estimate and a full feasibility study.
The exploration and development program will also include the first phase of the underground decline and drift, and detailed hydrological and metallurgical test work in advance of completing the feasibility study.
The company ultimately intends to develop an underground mine at Cove utilizing the current decline with material trucked to its Lone Tree facility, once operational, for processing.
“The underground drilling program at Cove is focused on defining mineralization for ultimate mine planning,” stated Tyler Hill, Chief Geologist of i-80 Gold. “The first nine holes drilled have demonstrated continuity of gold mineralization in the upper portion of the CSD Gap horizon, confirming Cove as one of the highest-grade development-stage gold deposits in North America.”
| Highlight assays from Cove drilling | ||||||
| Drillhole ID | Zone | Type | From (m) | To (m) | Length (m) | Au (g/t) |
| iCHU23-05 | CSD Gap | Core | 322.0 | 336.2 | 14.2 | 12.8 |
| and | CSD Gap | Core | 342.9 | 350.5 | 7.6 | 13.8 |
| and | CSD Gap | Core | 374.4 | 377.3 | 2.9 | 8.8 |
| iCHU23-06 | CSD Gap | Core | NSI | |||
| iCHU23-07 | CSD Gap | Core | 301.1 | 304.3 | 3.1 | 11.1 |
| and | CSD Gap | Core | 317.3 | 331.3 | 14.0 | 24.1 |
| iCHU23-08 | CSD Gap | Core | 320.3 | 322.5 | 2.1 | 44.2 |
| and | CSD Gap | Core | 327.1 | 330.7 | 3.6 | 10.0 |
| and | CSD Gap | Core | 334.9 | 337.2 | 2.3 | 20.0 |
| and | CSD Gap | Core | 342.6 | 350.5 | 7.9 | 11.4 |
| iCHU23-09 | CSD Gap | Core | 317.8 | 340.6 | 22.8 | 9.6 |
| Cove mineral resources | |||||
| Tonnage | Au Grade | Ag Grade | Gold | Silver | |
| (kt) | (g/t) | (g/t) | (koz) | (koz) | |
| Indicated | 1,007 | 10.9 | 29.1 | 351 | 943 |
| Inferred | 3,867 | 10.9 | 20.6 | 1,353 | 2,565 |
i-80 Gold is a Nevada gold miner developing an advanced-stage property portfolio.
i-80 Gold (TSX:IAU) last traded at $3.05 per share.
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