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i-80 Gold Drilling Expands South Pacific Zone High-Grade at Granite Creek

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i-80 Gold Drilling Expands South Pacific Zone High-Grade at Granite Creek

 

 

 

 

 

New Assay Results Include 44.4 g/t Au over 6.4 m, 19.6 g/t Au over 10.4m & 10.7 g/t Au over 14.5 m

 

i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) is pleased to announce results from an additional 19 holes drilled in the ongoing 2022 surface drill program testing the high-grade South Pacific Zone at the Company’s Granite Creek Property located in Humboldt County, Nevada.

 

The South Pacific Zone is a new zone of high-grade gold mineralization located immediately north of the underground mine workings at Granite Creek (Figure 1). Drilling continues to delineate and expand mineralization in the SPZ with new results indicating significant expansion potential including hole iGS22‑24 that returned 10.7 g/t gold over 14.5 metres and is a 40 m northern step-out from iGS22-04 (11.2 g/t Au over 7.3 m). Additionally, hole iGS22-16 was drilled in the southern portion of the SPZ, with three impressive intervals within 100 m of existing underground workings, including 15.5 g/t Au over 2.7 m, 19.6 g/t Au over 10.4 m and 10.2 g/t Au over 4.9 m. The SPZ remains open for expansion along strike to the north and at depth (see Figures 1, 2 & 3).

 

Highlight results from 2022 drilling in the South Pacific Zone (and adjacent horizons):

  • 12.1 g/t Au over 7.0 m (0.35 oz/ton Au over 23.0 feet) in hole iGS22-07
  • 19.6 g/t Au over 10.4 m (0.57 oz/ton Au over 34.0 feet) in hole iGS22-16
  • 44.4 g/t Au over 6.4 m (1.30 oz/ton Au over 21.0 feet) in hole iGS22-18
  • 10.7 g/t Au over 14.5 m (0.31 oz/ton Au over 47.7 feet) in hole iGS22-24
  • 15.3 g/t Au over 7.1 m (0.45 oz/ton Au over 23.4 feet) in hole iGS22-25

 

The SPZ is the priority target of the ongoing surface drill program at Granite Creek and is anticipated to be included in a resource update following the 2022 program. Multiple holes were drilled to better define the upper and southern limits of the SPZ and returned modest results, as was anticipated based on historic drilling. Additional drilling in 2022 has been completed along strike and at depth, with assays pending, and has continued to intersect mineralization within the target horizon, suggesting further upside. Table 1 provides a summary of new results from the SPZ. So far in 2022, more than thirty (30) holes have been drilled in the SPZ.

 

“The continuity of high-grade mineralization within the South Pacific Zone appears to be excellent over a strike length of more than 600 metres and dip length of 250 metres”, stated Tyler Hill, Senior Geologist of i‑80. “The zone remains open for expansion with the goal for it to be a significant source of production for Granite Creek in the coming years. Owing to our substantial success, we have prioritized the extension of the decline in order to accelerate the development of underground workings towards the SPZ.”

 

High-grade mineralization at Granite Creek occurs in a near-identical geological setting as that at the multi‑million‑ounce Turquoise Ridge Mine located immediately to the north (Figure 4); proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the large Osgood Mountains intrusive complex. The Granite Creek deposit remains open at depth and along strike from the existing underground workings.

 

“Ongoing drilling in the South Pacific Zone continues to confirm one of the highest-grade gold discoveries made in recent years, not only in Nevada but anywhere in the world”, stated Ewan Downie, Chief Executive Officer of i-80. “Given its proximity to our existing underground workings, the SPZ can be developed quite rapidly and represents a potential game-changer in our ultimate production profile.”

 

Table 1 – Summary of New Assay Results from 2022 Surface Drilling in SPZ

 

2022 Drill Results from Granite Creek, estimated true widths 60-90%
Drillhole ID Type From (m) To (m) Length (m) Au (g/t)
iGS22-07 Core 468.9 475.9 7.0 12.1
iGS22-08 Core 488.1 489.1 1.0 14.3
And Core 498.5 500.9 2.4 14.8
And Core 522.7 527.2 4.5 6.5
Including Core 525.6 527.2 1.6 16.1
iGS22-09 Core NSI – tested upper extents
iGS22-10 Core NSI – tested upper northern extents
iGS22-11 Core 243.8 246.6 2.7 26.8
And Core 379.0 380.1 1.2 9.6
iGS22-12 Core NSI – tested lower extents
iGS22-13 Core 502.3 503.4 1.1 6.2
iGS22-14 Core 480.4 481.9 1.5 4.0
And Core 496.1 498.0 2.0 4.8
iGS22-15 Core NSI – tested upper northern extents
iGS22-16 Core 335.3 338.0 2.7 15.5
And Core 345.8 356.2 10.4 19.6
And Core 378.9 383.7 4.9 10.2
iGS22-17 Core NSI – tested lower southern extents
iGS22-18 Core 370.6 372.5 1.8 7.5
And Core 422.1 428.5 6.4 44.4
iGS22-19 Core 263.2 264.8 1.6 5.5
iGS22-20 Core 404.3 405.4 1.1 10.0
iGS22-21 Core NSI – hole lost at 179 m
iGS22-22* Core 399.9 404.5 4.6 6.7
iGS22-23 Core 409.5 417.0 7.5 11.8
And Core 429.1 430.4 1.3 9.7
And Core 460.9 465.4 4.6 8.6
And Core 488.9 490.8 1.9 25.0
iGS22-24 Core 514.0 528.5 14.5 10.7
iGS22-25 Core 285.2 289.0 3.8 10.0
And Core 384.7 391.8 7.1 15.3
And Core 393.9 395.6 1.7 8.2
*Hole lost prior to intersecting entirety of Otto fault

 

 

Table 1a – Collar Coordinates
UTM Drillhole ID East m North m Elevation m Azimuth Dip
NAD83 Zone 11 iGS22-07 478551 4554108 1473 323 -52
iGS22-08 478550 4554106 1473 302 -50
iGS22-09 478579 4554414 1550 282 -53
iGS22-10 478596 4554482 1553 290 -66
iGS22-11 478343 4554165 1557 346 -56
iGS22-12 478697 4554083 1451 326 -45
iGS22-13 478611 4554112 1472 336 -43
iGS22-14 478548 4554158 1472 310 -55
iGS22-15 478597 4554482 1550 312 -66
iGS22-16 478338 4554165 1557 311 -52
iGS22-17 478546 4554103 1474 318 -59
iGS22-18 478579 4554415 1550 275 -54
iGS22-19 478581 4554417 1550 276 -52
iGS22-20 478598 4554484 1553 301 -75
iGS22-21 478610 4554109 1472 324 -55
iGS22-22 478581 4554233 1466 305 -50
iGS22-23 478544 4554102 1474 319 -51
iGS22-24 478605 4554108 1472 336 -48
iGS22-25 478343 4554159 1557 312 -59

 

 

The Granite Creek Property is strategically located proximal to Nevada Gold Mines’ Turquoise Ridge and Twin Creeks mines at the north end of the Battle Mountain-Eureka Trend, at its intersection with the Getchell gold belt in Nevada.

 

QAQC Procedures

 

All samples were submitted to ALS Minerals of Sparks, NV, which is an ISO 9001 and 17025 certified and accredited laboratory, independent of the Company. Samples submitted through ALS are run through standard prep methods and analyzed using Au-AA23 (Au; 30g fire assay) and ME-ICP41 (35 element suite; 0.5g Aqua Regia/ICP-AES). ALS also 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

 

Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified Person within the meaning of NI 43-101.

 

About i-80 Gold Corp.

 

i-80 Gold Corp. is a well-financed, 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 facility that includes an autoclave.

 

 


Figure 1 – Surface Plan View (CNW Group/i-80 Gold Corp)

 

 


Figure 2 – Long Section View (CNW Group/i-80 Gold Corp)

 

 


Figure 3 – Cross Section View (CNW Group/i-80 Gold Corp)

 

 


Figure 4 – Property Location Map (CNW Group/i-80 Gold Corp)

 

Posted September 13, 2022

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