| Announcement Date: | 2022-05-03 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | i-80 Gold Corp. |
| Project name: | Granite Creek |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 15.7m @ 16.3g/t Au from 454.9m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Reno, Nevada, May 3, 2022 – i-80 GOLD CORP. (TSX:IAU) (OTCQX:IAUCF) (“i-80”, or the “Company”) is pleased to announce results from the final hole drilled in the Phase 1, 2021, surface drill program focused on delineating the high-grade “South Pacific” extension horizon at the Company’s Granite Creek Property (“Granite Creek” or “the Property”) located in Humboldt County, Nevada. The South Pacific Zone (“SPZ”) is a new zone of high-grade gold mineralization located immediately north of the underground mine workings at Granite Creek (see Figure 1). In 2021, sixteen (16) holes were drilled to test the SPZ (including one hole that was abandoned prior to reaching target depth), successfully defining multiple fault structures that are demonstrating continuity of mineralization over a strike length of approximately 600 metres and a dip length of approximately 250 metres that remains wide open for expansion along strike and at depth. Hole iGS21-18 was drilled in the southern portion of the horizon, closer to the underground workings, and as in several previous holes returned impressive gold grades and widths of mineralization in multiple horizons. Highlight results from hole iGS21-18 in the South Pacific Zone (and adjacent horizons) The SPZ is the priority target of the ongoing surface drill program at Granite Creek and will be included in a resource update following the 2022 program. SPZ consists of multiple subvertical fault structures located within both the Upper and Lower Comus rock units that appear to trend north to northeast (see Figures 1 and 2) |
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