Announcement Date: 2022-05-10
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: i-80 Gold Corp.
Project name: Ruby Hill
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 78.6m @ 7.1g/t Au from 650.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: RENO, Nev., May 10, 2022 /CNW/ – i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) (“i-80”, or the “Company”) is pleased to announce positive initial drill results from its maiden drill program at the Company’s 100%-owned Ruby Hill Property (“Ruby Hill” or “the Property”) located in Eureka County, Nevada. Initial drilling in 2021 was focused on confirming high-grade mineralization within the Ruby Deeps Zone. In addition to the high-grade tenor of mineralization, several positive observations have been made: significant oxide mineralization has been encountered in the upper zones; ground conditions appear to be very favourable; and intersection widths have met or exceeded expectations. Assay results for the first five (5) holes have been received and demonstrate the potential for impressive gold grades and widths of mineralization (see Figures 1 & 2 and Table 1). In 2022, drilling continues to focus on defining, and expanding, the Ruby Deeps Zone in addition to the upper “426” horizon while also testing several additional high-potential targets on the Property.
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