IAUCF - IAUCF STOCK NEWS

i-80 Gold Corp. has announced promising initial assay results from its underground drill program at the Granite Creek Property in Nevada. Results include high-grade gold intersections: 41.3 g/t Au over 7.1 m and 16.0 g/t Au over 7.3 m. The ongoing drill program consists of over 20,000 metres, targeting multiple high-grade areas. This effort aims to define and expand mineralization, with preliminary economic assessments expected soon. i-80 is also in discussions for processing agreements with Nevada Gold Mines.

On October 22, 2021, i-80 Gold Corp. announced the filing of a technical report for the Ruby Hill Project, compliant with National Instrument 43-101. The independent report, effective July 31, 2021, offers detailed mineral resource estimates and is available on the Company's website and SEDAR. The Ruby Hill Project is highlighted as a prominent mining project in Nevada, featuring multiple high-grade gold deposits.

i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) announced the filing of a technical report for the Lone Tree Property, dated October 21, 2021, and effective July 30, 2021. This report, prepared by GeoGlobal LLC, details mineral resource estimates and aligns with Canadian Securities regulations. It supports previous disclosures made on September 7 and October 18, 2021. The company aims to become a mid-tier gold producer focused on Nevada.

i-80 Gold Corp. has successfully closed the acquisition of the Ruby Hill Mine from Waterton Nevada Splitter, LLC for $75 million in cash and stock, enhancing its position as one of Nevada's largest gold and silver resource holders. The acquisition, alongside the Lone Tree and Buffalo Mountain projects, provides i-80 with 6.3 million ounces of measured gold and 104.5 million ounces of measured silver resources. Additionally, the company is in the process of securing $227 million in financing to support ongoing projects and development.

i-80 Gold Corp. (TSX: IAU) has successfully completed an asset exchange with Nevada Gold Mines LLC, acquiring the Lone Tree and Buffalo Mountain gold deposits along with necessary processing infrastructure. The transaction included a contingent consideration of up to $50 million based on production. NGM also subscribed for approximately 9.90% of i-80's common shares in a concurrent private placement, raising about C$102.3 million. This strategic move positions i-80 as a significant player in Nevada’s gold sector while enhancing its processing capabilities for future projects.

i-80 Gold Corp. (TSX: IAU) has announced its intent to seek shareholder approval for equity issuances related to the acquisitions of the Lone Tree and Buffalo Mountain gold deposits, and the Ruby Hill mine. The company is pursuing up to $140 million in acquisition financing from Orion Resource Partners, with another $100 million available. The planned financing includes equity and convertible securities, contingent financing based on production, and significant future payments. Shareholder consent is being sought due to the issuance exceeding 25% of outstanding securities.

i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) announced the completion of initial rehabilitation at the Granite Creek Mine in Nevada as of September 14, 2021. The project features one of North America's highest-grade gold deposits, with resource grades exceeding 10 grams per tonne. An underground test mining program has begun, targeting production decisions and processing arrangements with Nevada Gold Mines. The company is advancing toward mid-tier gold producer status with over $70 million in cash as of June 30, 2021, and is finalizing a Preliminary Economic Assessment for Granite Creek.

i-80 Gold Corp. announces completion of initial rehabilitation at Granite Creek Mine in Humboldt County, Nevada, with an ongoing underground test mining program. Granite Creek hosts high-grade gold deposits exceeding 10 g/t. The 2021 program aims to advance underground drilling for near-term mine development, utilizing an interim processing arrangement with Nevada Gold Mines. A Preliminary Economic Assessment is nearing completion. The company holds over $70.1 million in cash and is well-positioned for future development in Nevada.

i-80 Gold Corp has announced a significant acquisition strategy to create a comprehensive Nevada mining complex. The company is exchanging its 40% share in the South Arturo Property to acquire the Lone Tree and Buffalo Mountain gold deposits, as well as processing infrastructure from Nevada Gold Mines LLC. This deal includes contingent payments up to $50 million based on production and a financing package of up to $240 million with Orion Mine Finance. The acquisition is poised to increase i-80’s gold resources considerably, establishing it as a prominent player in Nevada’s mining sector.