10.1 % Zinc, 0.3 g/t Gold, 37.0 g/t Silver
& 0.6 % Lead over 116.3 meters
16.1 % Zinc, 0.5 g/t Gold, 12.4 g/t Silver & 0.1 % Lead over
16.1 meters
RENO, Nev., Dec. 4, 2023 /PRNewswire/ - i-80 GOLD
CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company")
is pleased to report continued high-grade poly-metallic results
from the ongoing drill program at the Company's Ruby Hill Property
("Ruby Hill" or "the Property") located in
Eureka County, Nevada.
The current drill program is focused on both defining and
expanding high-grade mineralization in multiple target areas
including the Blackjack (skarn) and the Hilltop (skarn and
polymetallic CRD) Zones, and advancing metallurgical work
associated with these deposits. The most recent intercepts in the
Blackjack Zone include the first hole drilled from the east side of
the Archimedes pit, which intersected significant high-grade
mineralization at depth in the southern portion of the deposit
where it remains open for expansion. Highlight results from new
drilling include:
Blackjack Zone
-
- 8.3 % Zn, 0.6 % Pb, 50.1 g/t Ag & 0.6 g/t Au over
20.1 m
-
- 10.1 % Zn, 0.6 % Pb, 37.0 g/t Ag & 0.3 g/t Au over
116.3 m
-
-
- Including 16.3 % Zn, 0.5 % Pb, 42.3 g/t Ag & 0.3 g/t Au
over 39.7 m
- And 14.5% Zn, 1.0% Pb, 59.9 g/t Ag & 0.2 g/t Au over
16.3 m
-
- 16.1 % Zn, 0.1 % Pb, 12.4 g/t Ag & 0.5 g/t Au over
16.1 m
- Also 12.2% Zn, 0.1% Pb, 20.1 g/t Ag & 0.9 g/t Au over
8.6 m
"The exceptional results being realized at Ruby Hill have
attracted significant interest with high-grade polymetallic
mineralization being defined in multiple target areas," stated
Tyler Hill, Chief Geologist of i-80.
"Recent drilling has returned some of the highest-grade
mineralization to-date in the Blackjack Zone as we continue to
step-out to the south and at depth. Additionally, following the
construction of the new drill stations better suited to intersect
the East Hilltop Zones, substantial CRD and Skarn mineralization is
being defined highlighting the potential to expand mineralization
in these recently discovered zones."
These new intercepts are complemented by other recent drilling
at Blackjack including iRH23-41 that intersected both CRD and skarn
mineralized zones that assayed 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag
& 0.6 g/t Au over 40.4 m (CRD)
and 10.7 % Zn, 0.4 % Pb, 0.2 g/t Au & 37.0 g/t Ag over
47.9 m (skarn). Skarn
mineralization in the Blackjack Zone occurs proximal to the contact
of the Graveyard Flats intrusive, and identical geological setting
at the East Hilltop Skarn Zone located approximately three hundred
metres (300 m) to the south. Future
drilling will test this large area as no previous drilling has been
completed between these two high-grade horizons (see Figure
1).
Drilling is also being completed in the Upper and East Hilltop
Zones situated along the Hilltop fault structure where multiple
zones of mineralization have now been defined over a strike length
of approximately 750 metres including the Upper, Lower and East
Hilltop Zones (see Figure 1). As part of the ongoing drilling
campaign, several holes are currently being drilled to advance
metallurgical knowledge related to the polymetallic mineralization
at Ruby Hill. This work is being funded by a third-party company
that has recently entered into exclusivity with i-80 to acquire a
minority joint venture interest in the Ruby Hill Property.
Table 1 – Highlight New Assay Results from Blackjack Zone
Drilling
Drillhole ID
|
Zone
|
Type
|
From (m)
|
To (m)
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
Pb (%)
|
Zn (%)
|
iRH23-42
|
Blackjack
|
Core
|
596.8
|
616.9
|
20.1
|
0.6
|
51.1
|
0.6
|
8.3
|
iRH23-42A
|
Blackjack
|
Core
|
530.8
|
647.1
|
116.3
|
0.3
|
37.0
|
0.6
|
10.1
|
including
|
Blackjack
|
Core
|
530.8
|
547.1
|
16.3
|
0.2
|
59.9
|
1.0
|
14.5
|
And
|
Blackjack
|
Core
|
605.9
|
645.7
|
39.7
|
0.3
|
42.3
|
0.5
|
16.3
|
iRH23-43B
|
Blackjack
|
Core
|
587.0
|
603.4
|
16.4
|
0.5
|
12.4
|
0.1
|
16.1
|
And
|
Blackjack
|
Core
|
699.2
|
707.7
|
8.6
|
0.9
|
20.1
|
0.1
|
12.2
|
True widths
estimated 60-90%.
|
UTM
|
Drillhole ID
|
East m
|
North m
|
Elevation m
|
Azimuth
|
Dip
|
NAD83 Zone
11
|
iRH23-42&42A
|
587525
|
4375149
|
1995
|
032
|
-45
|
iRH23-43
|
588171
|
4375020
|
1987
|
309
|
-43
|
The ongoing drill program is also testing the FAD deposit that
is located approximately two kilometres to the south of Ruby Hill
where earlier drilling completed by Paycore returned intercepts of
up to 8.0 g/t Au, 79.0 g/t Ag, 10.0 % Zn & 1.0 % Pb
over 27.4 m in hole PC22-10, and 7.1
g/t Au, 376.0 g/t Ag, 6.3 % Zn & 10.3 % Pb over 14.8 m in hole PC22‑08.
The Company has submitted for approval its plan to develop an
underground mine at Ruby Hill with mineralization accessed via a
ramp from the Archimedes open pit. The target is to commence
construction in 2024 to provide underground platforms for
definition drilling and mining operations.
Multiple types of mineralization have been identified in the
Hilltop Corridor including skarn (Blackjack), CRD (Hilltop/historic
mines), distal disseminated Au-Ag mineralization (Mineral Point)
and locally Carlin-type gold.
The Eureka (Ruby Hill) Mining
District has a history of high-grade polymetallic CRD production
that began in the 1860's and spanned a period of more than one
hundred years. Historic mined grades rank amongst the highest for
any CRD district in the world. Since the 1960's, the CRD potential
of the Eureka District has been
largely overlooked in favour of exploration for Carlin-type gold deposits and the Company
considers the opportunity to be substantial. The Ruby Hill Property
is one of the Company's primary assets and is host to the core
processing infrastructure within the Eureka District of the Battle Mountain-Eureka
Trend including an idle leach plant, an active heap leach facility,
and is host to multiple gold, gold-silver and polymetallic (base
metal) deposits.
Please click here for further information on abbreviations and
conversions referenced in this press release.
QAQC Procedures
All samples were submitted to American Assay Laboratories (AAL)
of Sparks, NV, which is an ISO
9001 and 17025 certified and accredited laboratory, independent of
the Company. Samples submitted through AAL and are run through
standard prep methods and analyzed using FA-PB30-ICP (Au; 30g fire
assay) and IO-4AB32 (35 element suite; 0.5g 4-acid ICP-OES+MS).
Select high-grade gold samples were also completed with metallic
screen fire assays using G-FASFAu11. AAL undertakes their own
internal coarse and pulp duplicate analysis to ensure proper sample
preparation and equipment calibration. i-80 Gold Corp's QA/QC
program includes regular insertion of CRM standards, duplicates,
and blanks into the sample stream with a stringent review of all
results.
Qualified Person
Tyler Hill, CPG-12146, Chief
Geologist at i-80 is the Qualified Person for the information
contained in this press release and is a Qualified Person within
the meaning of National Instrument 43-101.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused, mining company with a goal of
achieving mid-tier gold producer status through the development of
multiple deposits within the Company's advanced-stage property
portfolio with processing at i-80's centralized milling facilities.
i-80 Gold's common shares are listed on the TSX and the NYSE
American under the trading symbol IAU:TSX and IAUX:NYSE. Further
information about i-80 Gold's portfolio of assets and long-term
growth strategy is available at www.i80gold.com or by email at
info@i80gold.com.
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 Ruby Hill and the potential of
the Ruby Hill project. Such statements and information involve
known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of the
company, its projects, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements or
information. Such statements can be identified by the use of words
such as "may", "would", "could", "will", "intend", "expect",
"believe", "plan", "anticipate", "estimate", "scheduled",
"forecast", "predict" and other similar terminology, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. These statements reflect
the Company's current expectations regarding future events,
performance and results and speak only as of the date of this
release.
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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SOURCE i-80 Gold Corp