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i-80 Gold Corp. (AMEX: IAUX, TSX: IAU) has reported significant drilling results from its Ruby Hill Property in Eureka County, Nevada, indicating substantial new high-grade mineralization. Key findings include:
- iRH23-10: 226.1 g/t Ag, 10.0% Pb, and 9.7% Zn over 8.4m.
- iRH22-71: 449.0 g/t Ag, 16.4% Pb over 1.4m.
- 11.6 g/t Au over 13.1m in the Lowerjack Zone.
The ongoing drilling focuses on expanding known zones and exploring new targets along the Hilltop fault structure. The 2023 drill program aims to refine the mineral resource estimate and integrate polymetallic deposits into economic studies. i-80 Gold is also evaluating retrofitting the Ruby Hill processing plant for enhanced recovery of base and precious metals, reducing development costs.
On April 25, 2023, i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) reported new high-grade discoveries at its Ruby Hill Property in Nevada. The latest drilling has revealed significant mineralization, including 226.1 g/t Ag, 10.0% Pb, 9.7% Zn, and 0.5 g/t Au over 8.4 m in the CRD zone, and 11.6 g/t Au over 13.1 m in the Lowerjack zone. Initial drilling for 2023 continues to expand known mineralized zones, with new discoveries in the Hilltop fault structure. The company aims to develop an underground mine and an updated mineral resource estimate is planned following the drill program. Five drills are currently operational at Ruby Hill, targeting new areas for exploration and delineation.
BlackRock has announced a 1 for 2 reverse stock split for the iShares Gold Trust (NYSE Arca: IAU), effective May 24, 2021, at market open. This move aims to adjust the share price while maintaining the total value of shares outstanding, although shareholders may receive cash for fractional shares, which could have tax implications. As of February 26, 2021, IAU managed $29.1 billion in assets. The new CUSIP for IAU will be 464285204 following the split.
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