IAUCF - IAUCF STOCK NEWS

i-80 Gold Corp. announced the commencement of its underground exploration program at the 100%-owned McCoy-Cove Property as part of its 2022 growth strategy. Jon Laird has joined as Project Manager to oversee the development. The Phase 1 program includes 40,000 metres of drilling and aims to enhance resource estimates. The Cove deposit is noted for its high-grade gold, exceeding 10 grams per tonne. The company plans to restart the Lone Tree autoclave for processing, enhancing its operational capabilities in the Nevada region.

i-80 Gold Corp. (TSX:IAU, OTCQX:IAUCF) has initiated an underground mining program at its Granite Creek Mine in Humboldt County, Nevada. Following a successful 2021 drill program that delineated high-grade mineralization, two Cubex rigs are now on-site for further drilling. The company aims to ramp up production in 2022, with mined material prepared for transportation to Nevada Gold Mines for processing. The Granite Creek project features one of North America's highest-grade gold deposits, with grades over 10 g/t gold.

i-80 Gold Corp. announced impressive exploration drilling results at its Granite Creek Property in Nevada on February 8, 2022. Significant discoveries included 7.4 g/t Au over 73.2 m, with notable high-grade intervals of 13.3 g/t Au over 13.1 m, 20.3 g/t Au over 7.5 m, and 10.1 g/t Au over 17.5 m. The drilling program, expanded to 30,000 meters, is focused on the Ogee and Mag Zones, confirming further mineralization potential. The results suggest a promising upside opportunity for the company as it aims to elevate resources to reserves.

i-80 Gold Corp (TSX: IAU) has announced significant drilling results from its Granite Creek Property in Nevada. The new high-grade South Pacific Zone (SPZ) shows promising gold intercepts, including 25.5 g/t Au over 5.5 m and 17.2 g/t Au over 4.2 m. With successful drilling leading to an expansion of the drilling program to approximately 30,000 meters, the company aims to enhance its mineral resources. The ongoing exploration is expected to influence a forthcoming resource update.

i-80 Gold Corp (TSX: IAU, OTCQX: IAUCF) announced promising assay results from its ongoing underground drill program at the Granite Creek Property in Humboldt County, Nevada. Highlights include high-grade gold intersections, such as 20.3 g/t Au over 1.3 m and 10.7 g/t Au over 9.4 m. The 2022 program aims to delineate mineralization and expand resources, with over 30,000 m of drilling planned. Regular updates will follow as results become available. The company focuses on developing its near-mine areas into reserves and progressing towards production.

i-80 Gold Corp. (IAUCF) announced ambitious development plans for 2022, aiming to establish a comprehensive mining complex in Nevada with a production goal exceeding 500,000 ounces of gold annually. The Company has secured key properties, including Granite Creek, Lone Tree, and Ruby Hill, positioning itself as a major gold and silver resource holder in the state. With nearly US$200 million in cash, i-80 is focusing on restarting the Lone Tree autoclave and advancing multiple mining operations, while supporting its growth objectives with a tier-one management team.

i-80 Gold Corp. (IAUCF) announced that CEO Ewan Downie has increased his share ownership to over 5 million shares (2.09%) through open market purchases. Since the company's trading began on April 14, 2021, Downie has acquired more than 1.4 million shares, a notable milestone in the mining sector. The company reports a robust financial position with nearly US$200 million in cash and cash equivalents, positioning itself for significant production growth in Nevada, a top mining jurisdiction.

i-80 Gold Corp. (IAUCF) has secured a $135 million financing package aimed at advancing its Nevada projects. This includes a $50 million convertible loan from Orion Mine Finance and additional agreements totaling $85 million. The company expects to have $200 million in treasury following the financing. The funds will support developments at Ruby Hill, Granite Creek, and McCoy-Cove, targeting increased production. The financing is subject to standard conditions and funding is expected by the end of December 2021.

i-80 Gold Corp. announced positive drill results from the Granite Creek Mine, indicating high-grade open pit potential. Notably, the company reported 36.74 g/t Au over 9.1 meters in recent assays. The ongoing drilling aims to expand mineralization and support future underground mining initiatives, with over 20,000 meters planned for 2022. i-80 has also commenced initial rehabilitation efforts on the underground mine and has an interim processing agreement with Nevada Gold Mines to process material at nearby facilities.