i-80 GOLD Announces Cove High Grade Results

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i-80 GOLD CORP. (TSX: IAU)

Announced positive results from ongoing underground drilling at the Company’s 100%-owned McCoy-Cove Property located in Lander County, Nevada.

The new results are from definition drilling in the CSD/Gap Zone and initial drilling in the Helen Zone that continue to confirm continuity of high-grade mineralization in both horizons.

 

 

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1-80 Gold

i-80 Gold Cove Portal

 

 

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$511 million @ C$1.80
Location Nevada, USA

 

 

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I-80 GOLD ANNOUNCES HIGH-GRADE RESULTS FROM UNDERGROUND DRILLING AT COVE

INITIAL RESULTS FROM THE HELEN ZONE INCLUDE 25.4 G/T AU OVER 20.1 M, 28.0 G/T AU OVER 10.4 M AND 21.0 G/T AU OVER 10.8 M

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Reno, Nevada, November 20, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”,or the“Company”) is pleased to announce positive results from ongoing underground drilling at the Company’s 100%-owned McCoy-Cove Property (“Cove” or “the Property”) located in Lander County, Nevada.

The new results are from definition drilling in the CSD/Gap Zone and initial drilling in the Helen Zone that continue to confirm continuity of high-grade mineralization in both horizons.

Drilling is now underway to define the Helen Zone, confirming high-grade mineralization over appreciable widths with intercepts up to25.4 g/t Au over 20.1 metres.

The initial holes are designed to define the western-most extremity of the deposit prior to proceeding east into the heart of the deposit. Initial results have been extremely positive, similar to what was encountered in the initial drilling of the Gap Zone, where previously released results include intercepts of up to7.0 g/t Au over 119.6 min hole iRH23-14 that included four higher-grade zones of gold mineralization of up to10.6 g/t Au over 38.3 m.

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Highlight new results from 2023 drilling program at Cove include:

CSD/Gap Zone

    • iCHU23-19: 15.7 g/t Au & 16.8 g/t Ag over 4.5 m
    • iCHU23-20: 7.6 g/t Au & 2.0 g/t Ag over 12.2 m
    • iCHU23-22: 21.8 g/t Au & 4.8 g/t Ag over 10.3 m

Helen Zone

    • iCHU23-23: 28.0 g/t Au & 5.1 g/t Ag over 10.4 mAnd 21.0 g/t Au & 7.4 g/t Ag over 10.8 m
    • iCHU23-24: 18.0 g/t Au & 9.4 g/t Ag over 4.6 m
    • iCHU23-25: 11.1 g/t Au & 14.4 g/t Ag over 3.7 mAnd 7.8 g/t Au & 3.7 g/t Ag over 6.7 mAnd 15.4 g/t Au & 3.3 g/t Ag over 1.6 m
    • iCHU23-26: 8.4 g/t Au & 2.7 g/t Ag over 9.1 m 
    • iCHU23-28: 25.4 g/t Au & 5.1 g/t Ag over 20.1 mAnd 8.8 g/t Au & 2.4 g/t Ag over 8.5 m

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Ewan Downie, CEO of i-80 Gold stated 

“Results continue to confirm that the Cove deposit is one of North America’s highest-grade gold deposits.

 

“These results, when combined with previously released results, highlight Cove as a Tier 1 Nevada deposit. Mineralization remains open for expansion and significant exploration targets exist on the large land package.”

 

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To date, 40 holes have been completed (28 with results released) out of approximately 120 holes planned that will comprise more than 40,000 metres on approximate 30 metre centers in advance of an updated resource estimate and economic study. This program is focused on the CSD Gap and Helen Zone portions of the deposit while mineralization below the pit in the Cove South Deep and 2201 deposits is not being drilled as part of this program.

Download Press Release here

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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Disclosure

At the time of writing the author holds  shares in i-80 Gold Corp.

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