i-80 Gold Corp.(TSX: IAU) (OTCQX: IAUCF)has received further positive assay results from the ongoing underground drill programme at the company’s Granite Creek Property located in Humboldt County, Nevada.
New high-grade results are from drilling from the 4790 Level targeting mineralisation in the Range Front, Adam Peak, and Otto fault horizons, the first area being targeted for mining and located proximal to and below existing mine workings.
Multiple target areas are being drilled from underground including testing the down-dip potential of the Otto, Adam Peak and Ogee Zones.
The deepest hole drilled to test the extension at depth of the main mine horizons in the ongoing programme, iGS21-15, intersected high-grade gold mineralisation in multiple horizons including 13.3 g/t Au over 13.1m and 20.3 g/t Au over 7.5m and 10.1 g/t over 17.5 m with true width being 33-55% of intercepts.
Highlight results from initial underground drilling from Level 4790 include:
- 25.4 g/t (grams per tonne) Au (gold) over 3.9 m in hole iGU21-27
- 12.6 g/t Au over 3.0 m in hole iGU21-28
- 10.8 g/t Au over 1.2 m in hole iGU21-29
- 13.4 g/t Au over 1.1 m in hole iGU21-30
- 14.7 g/t Au over 1.5 m, 10.2 g/t Au over 3.5 m & 7.5 g/t Au over 6.1 m in hole iGU21-31
- 19.3 g/t Au over 1.1 m, 8.0 g/t Au over 3.0 m & 9.4 g/t Au over 2.9 m in hole iGU21-32
The current program is expected to comprise more than 30,000 m from surface and underground with continued assay results to be provided as received. The primary goal of the 2022 drill program is to advance underground opportunities to production with refractory mineralisation from the underground operation at Granite Creek initially trucked to Twin Creeks for processing, pursuant to the agreement recently entered into with Nevada Gold Mines, until such time that the company’s Lone Tree facility is operational.
“These results continue to delineate high-grade mineralisation in multiple zones being defined in advance of mining at Granite Creek,” Senior Geologist, Tyler Hill, said.
“We have added additional underground infrastructure in order to commence stepping out at depth where we continue to see high-grade intercepts including 7.4 g/t Au across 73.2 metres in iGS21-15.
“We also remain primarily focused on defining the new South Pacific Zone where we are seeing strong alteration and faulting in most holes drilled to-date.”
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.
High-grade mineralisation occurs in a near-identical geological setting as that at the multi-million ounce Turquoise Ridge Mine located immediately to the north; proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the large Osgood Mountains intrusive complex.
Granite Creek deposit remains open at depth and along strike from the existing underground workings and step-out drilling aimed at expanding resources is currently underway.
For further information please visit: https://www.i80gold.com/
