Welcome to our dedicated page for i-80 Gold news (Ticker: IAUX), a resource for investors and traders seeking the latest updates and insights on i-80 Gold stock.
i-80 Gold Corp. (NYSE: IAUX, TSX: IAU) is a well-financed gold and silver producer focused on the exploration, development, and production of precious metals in Nevada. Established as a spin-out from Premier Gold Mines Limited following its acquisition by Equinox Gold in 2021, the company’s strategic goal is to evolve into a self-sustaining mid-tier mining entity. i-80 Gold Corp’s core assets include the Ruby Hill Mine, Lone Tree Mine, Granite Creek Mine, and the McCoy-Cove Project.
The company boasts a robust portfolio of advanced-stage projects, each showing significant exploration potential. The McCoy-Cove Property, strategically located in the prolific Battle Mountain Trend, is one of the company's key assets. Recent drilling results from the Helen Zone have confirmed high-grade gold mineralization, enhancing the project’s development prospects. The focus is on defining the resource and advancing the project towards full mine permitting.
i-80 Gold Corp’s Ruby Hill Property, located in Eureka County, is another cornerstone of their portfolio. Recent drilling has revealed high-grade polymetallic deposits, which are being incorporated into an initial resource estimate. The property is poised for significant expansion and development, with ongoing exploration targeting multiple high-potential zones.
The Granite Creek Mine in Humboldt County features high-grade gold mineralization. The site is undergoing extensive drilling programs aimed at resource expansion and enhanced mine planning. The South Pacific Zone, in particular, is expected to become a primary mining horizon due to its substantial gold grades.
Financially, i-80 Gold Corp maintains a strong position, bolstered by successful financing initiatives, such as the recent C$115 million public offering. This financial flexibility allows the company to aggressively pursue its development and exploration objectives. Additionally, strategic partnerships and ore sale agreements contribute to a steady revenue stream, supporting the company’s operational goals.
Overall, i-80 Gold Corp is focused on unlocking the full potential of its Nevada-based assets, advancing towards its vision of becoming a leading mid-tier gold producer. The company is committed to employing a methodical and capital-disciplined approach, minimizing risks while exploring accretive growth opportunities.
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.
i-80 Gold Corp. (IAUX) has released an update on its exploration programs at Ruby Hill, Granite Creek, Lone Tree, McCoy-Cove, and Buffalo Mountain Properties. The company reported significant progress in its 2023 exploration campaign, discovering multiple new mineralization zones at Ruby Hill. Key initiatives include ongoing drilling, an upcoming Preliminary Economic Assessment (PEA), and cost estimates for refurbishing the Lone Tree autoclave facility, projected at
i-80 Gold Corp. (TSX: IAU) has announced a definitive agreement to acquire Paycore Minerals Inc. (TSXV: CORE) in a deal that will consolidate the FAD Property, enhancing i-80's position in the Eureka District. The acquisition will increase i-80's Ruby Hill land package by over 34%, enhancing access to high-grade deposits. Paycore shareholders will receive 0.68 of i-80 common share per Paycore share, reflecting a 36% premium based on recent stock prices. The transaction requires approval from Paycore shareholders, with a special meeting slated for late April 2023. This consolidation aims to support i-80's multi-year development plan as a leading U.S. mineral producer.
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