Blackjack Zone - 15.6 % Zn, 8.7 % Pb, 420.4
g/t Ag & 0.6 g/t Au over 40.4
m
and 10.7 % Zn & 37.0 g/t Ag over
47.9 m
East Hilltop
–15.9 % Zn, 4.3 g/t Au & 284.4 g/t Ag over 7.2 m
Ruby Deeps – 6.9 g/t Au
over 50.7 m
RENO,
Nev., Sept. 12, 2023 /CNW/ - i-80 GOLD
CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the
"Company") is pleased to report additional positive
results from exploration drilling at the Company's 100%-owned Ruby
Hill Property ("Ruby Hill" or "the Property") located
in Eureka County, Nevada. The 2023
program continues to expand high-grade gold and polymetallic
mineralization in multiple zones and has identified Carbonate
Replacement Deposit (CRD) mineralization in the central portion of
the Blackjack deposit – a complete summary of new results is
provided in Table 1.
The current drill program at Ruby Hill is focused on defining
and expanding high-grade mineralization in multiple target areas
including Carlin-type gold,
polymetallic CRD and zinc-skarn. All horizons remain open for
expansion. Recent highlight results from the most recent
twelve drill holes include:
- Blackjack CRD
- 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag & 0.6 g/t Au over
40.4 m (iRH23-41)
- Including 20.9 % Zn, 25.1 % Pb, 1.0 g/t Au &
1,221.1 g/t Ag over 11.8 m
- Blackjack Skarn
- 10.7 % Zn, 0.4 % Pb, 0.2 g/t Au & 37.0 g/t Ag over
47.9 m (iRH23-41)
- East Hilltop
- 15.9 % Zn, 4.3 g/t Au & 284.4 g/t Ag over
7.2 m (iRH23-39)
- Gold Mineralized Zones
- 6.9 g/t Au over 50.7 m
including 8.0 g/t Au over 24.9 m
(iRH23-40) – Ruby Deeps
- 9.1 g/t Au over 10.2 m
(iRH23-41) – Lower Jack
"The Ruby Hill drill program continues to yield exceptional
results in multiple target areas including the recent
identification of high-grade polymetallic CRD mineralization in the
Blackjack Zone.", stated Tyler Hill,
Chief Geologist of i-80. "Step-out drilling is expanding
mineralization in several zones with all known horizons remaining
open for expansion. We are also compiling the results of recently
completed geophysical surveys that have identified multiple
high-priority anomalies that will be tested in the future."
Drilling continues to expand both polymetallic CRD and skarn
mineralization in the Upper and East Hilltop Zones situated along
the Hilltop fault structure where mineralization has now been
defined over a strike length of approximately 750 metres including
the Upper, Lower and East Hilltop Zones (see Figures 1 & 2).
The current drilling program is also focused on the Blackjack
deposit, one of the primary polymetallic zones at Ruby Hill, where
zones of gold mineralization are also being intersected. Step-out
drilling is also demonstrating significant expansion potential in
the Ruby Deeps gold deposit.
Blackjack Zone – The Blackjack deposit is located
immediately under the Archimedes pit (see Figure 1) and is being
tested utilizing directional core drilling. The 2023 program is
demonstrating the potential to expand high-grade polymetallic
mineralization through step-out drilling and is also defining CRD
mineralization in the upper central portion of the deposit (see
Image 1). Hole iRH23-41 intersected high–grade skarn, CRD and gold
mineralization with highlight new results that include:
- iRH23-41 (Skarn) - 10.7 % Zn, 37.0 g/t Ag and 0.2 g/t Au
over 47.9 m
- iRH23-41 (CRD) - 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag and
0.6 g/t Au over 40.4
m
- iRH23-41 (Carlin-type gold)
- 9.1 g/t Au over 10.2 m (Lower
Jack)
East Hilltop – Both CRD and skarn mineralization are
being delineated in the East Hilltop target area (Figure 1).
The skarn zone is located along strike to the south of, and in a
near-identical geological setting, as the Blackjack deposit. The
CRD mineralization is located immediately to the east of the Upper
Hilltop Zone along the Hilltop fault structure. New drilling at
East Hilltop returned high-grade results including:
- iRH23-39 (CRD) - 15.9 % Zn, 4.3 g/t Au & 284.4
g/t Ag over 7.2 m
Ruby Deeps – Ruby Deeps is the core Carlin-type gold deposit at Ruby Hill and is
located beneath the western portion of the Archimedes pit with a
strike length of over 800 metres (Figure 1). Hole iRH23-40
represents a 100 metre step-out north of hole IRH23-09 (7.3 g/t Au
over 10.2m) and south of drilling
completed in 2022. The Ruby Deeps remains open south of iRH23-09.
Highlight new assays include:
- iRH23-40 – 6.9 g/t Au over 50.7
m including 8.0 g/t Au over 24.9
m
Additional exploration targets are being drilled at Ruby Hill in
2023 including the TL and FAD Zones. Further targets delineated in
the recently completed geophysical surveys will be tested later in
the year. Multiple holes have targeted mineralization proximal to
the historic TL Mine with mixed results and narrow zones of
mineralization. Several holes have recently been completed (assays
pending) at the FAD deposit located approximately two kilometres to
the south of Ruby Hill where earlier drilling completed by Paycore
returned intercepts of up to 8.0 g/t Au, 79.0 g/t Ag, 10.0 % Zn
& 1.0 % Pb over 27.4 m in hole
PC22-10, and 7.1 g/t Au, 376.0 g/t Ag, 6.3 % Zn & 10.3 % Pb
over 14.8 m in hole PC22–08.
The Eureka (Ruby Hill) Mining
District has a history of high-grade polymetallic CRD production
that began in the 1860's and spanned a period of more than one
hundred years. Historic mined grades rank amongst the highest for
any CRD district in the world. Since the 1960's, the CRD potential
of the Eureka District has been
largely overlooked in favour of exploration for Carlin-type gold deposits and the Company
considers the opportunity to be substantial. The Ruby Hill Property
is one of the Company's primary assets and is host to the core
processing infrastructure within the Eureka District of the Battle Mountain-Eureka
Trend including an idle leach plant, an active heap leach facility,
and is host to multiple gold, gold-silver and polymetallic (base
metal) deposits.
Table 1 – Highlight New Assay
Results from Ruby Hill
Drillhole ID
|
Zone
|
Type
|
From (m)
|
To (m)
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
Pb (%)
|
Zn (%)
|
iRH23-18B
|
Blackjack
|
Core
|
616.0
|
619.7
|
3.8
|
0.4
|
14.7
|
0.1
|
7.9
|
iRH23-31
|
TL
|
RC
|
NSI
|
iRH23-32
|
TL
|
RC
|
NSI
|
iRH23-33
|
TL
|
RC
|
494.1
|
495.6
|
1.5
|
4.5
|
-
|
-
|
-
|
iRH23-34
|
TL
|
Core
|
424.6
|
439.8
|
15.2
|
-
|
3.3
|
-
|
6.2
|
iRH23-35
|
TL
|
Core
|
432.8
|
434.3
|
1.5
|
-
|
2.0
|
-
|
10.9
|
and
|
TL
|
Core
|
465.1
|
466.6
|
1.5
|
-
|
4.0
|
-
|
8.9
|
and
|
TL
|
Core
|
492.9
|
494.0
|
1.1
|
0.5
|
57.0
|
2.4
|
8.0
|
iRH23-36
|
TL
|
RC
|
NSI
|
iRH23-37
|
TL
|
RC
|
NSI
|
iRH23-38
|
Blackjack
|
RC
|
Hole abandoned at 232
m
|
iRH23-39
|
East Hilltop
|
Core
|
269.0
|
276.1
|
7.2
|
4.3
|
284.4
|
0.1
|
15.9
|
iRH23-40
|
Ruby Deeps
|
Core
|
339.0
|
389.7
|
50.7
|
6.9
|
2.2
|
-
|
-
|
including
|
Ruby Deeps
|
Core
|
364.8
|
389.7
|
24.9
|
8.0
|
3.1
|
-
|
-
|
and
|
Ruby Deeps
|
Core
|
431.5
|
432.6
|
1.1
|
8.6
|
10.0
|
-
|
-
|
and
|
Ruby Deeps
|
Core
|
497.7
|
501.4
|
3.6
|
6.1
|
4.0
|
-
|
-
|
iRH23-41
|
Blackjack
|
Core
|
508.7
|
556.6
|
47.9
|
0.2
|
37.0
|
0.4
|
10.7
|
and
|
Blackjack
|
Core
|
589.8
|
593.4
|
3.6
|
-
|
7.1
|
-
|
7.3
|
and
|
Blackjack
|
Core
|
627.2
|
667.5
|
40.4
|
0.6
|
420.4
|
8.7
|
15.6
|
including
|
Blackjack
|
Core
|
653.2
|
665.0
|
11.8
|
1.0
|
1221.1
|
25.8
|
20.9
|
and
|
Lower Jack
|
Core
|
677.0
|
687.1
|
10.1
|
9.1
|
6.6
|
-
|
-
|
* True widths estimated
at 60-90%. Numbers may not add due to rounding.
|
UTM
|
Drillhole ID
|
East m
|
North m
|
Elevation m
|
Azimuth
|
Dip
|
NAD83 Zone
11
|
iRH23-18B
|
588233
|
4375586
|
1962
|
230
|
-48
|
iRH23-31
|
588233
|
4375586
|
2010
|
104
|
-64
|
iRH23-32
|
587604
|
4374950
|
1987
|
068
|
-74
|
iRH23-33
|
587244
|
4374596
|
2010
|
208
|
-64
|
iRH23-34
|
587074
|
4375228
|
1994
|
115
|
-52
|
iRH23-35
|
587238
|
4374595
|
1994
|
105
|
-50
|
iRH23-36
|
587606
|
4374954
|
2009
|
127
|
-65
|
iRH23-37
|
587606
|
4374955
|
2009
|
211
|
-45
|
iRH23-38
|
587106
|
4374379
|
1994
|
035
|
-48
|
iRH23-39
|
587105
|
4374378
|
1994
|
078
|
-75
|
iRH23-40
|
587360
|
4375384
|
1867
|
252
|
-69
|
iRH23-41
|
587424
|
4375128
|
1979
|
060
|
-51
|
The Company has submitted for approval its plan to develop an
underground mine at Ruby Hill with mineralization accessed via a
ramp from the Archimedes open pit. The target is to commence
construction in 2024 to provide underground platforms for
definition drilling and mining operations.
Please click here for further information on abbreviations and
conversions referenced in this press release.
QAQC Procedures
All samples were submitted to American Assay Laboratories (AAL)
of Sparks, NV, which is an ISO
9001 and 17025 certified and accredited laboratory, independent of
the Company. Samples submitted through AAL and are run through
standard prep methods and analyzed using FA-PB30-ICP (Au; 30g fire
assay) and IO–4AB32 (35 element suite; 0.5g 4-acid ICP-OES+MS).
Select high-grade gold samples were also completed with metallic
screen fire assays using G-FASFAu11. AAL undertakes their own
internal coarse and pulp duplicate analysis to ensure proper sample
preparation and equipment calibration. i-80 Gold Corp's QA/QC
program includes regular insertion of CRM standards, duplicates,
and blanks into the sample stream with a stringent review of all
results.
Qualified Person
Tyler Hill, CPG-12146, Chief
Geologist at i-80 is the Qualified Person for the information
contained in this press release and is a Qualified Person within
the meaning of National Instrument 43-101.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused, mining company with a goal of
achieving mid-tier gold producer status through the development of
multiple deposits within the Company's advanced-stage property
portfolio with processing at i-80's centralized milling facilities.
i-80 Gold's common shares are listed on the TSX and the NYSE
American under the trading symbol IAU:TSX and IAUX:NYSE. Further
information about i-80 Gold's portfolio of assets and long-term
growth strategy is available at www.i80gold.com or by email at
info@i80gold.com.
Certain statements in this release constitute "forward-looking
statements" or "forward-looking information" within the meaning of
applicable securities laws, including but not limited to, the
expansion or mineral resources at Ruby Hill and the potential of
the Ruby Hill project. Such statements and information involve
known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of the
company, its projects, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements or
information. Such statements can be identified by the use of words
such as "may", "would", "could", "will", "intend", "expect",
"believe", "plan", "anticipate", "estimate", "scheduled",
"forecast", "predict" and other similar terminology, or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. These statements reflect
the Company's current expectations regarding future events,
performance and results and speak only as of the date of this
release.
Forward-looking statements and information involve significant
risks and uncertainties, should not be read as guarantees of future
performance or results and will not necessarily be accurate
indicators of whether or not such results will be achieved. A
number of factors could cause actual results to differ materially
from the results discussed in the forward-looking statements or
information, including, but not limited to: material adverse
changes, unexpected changes in laws, rules or regulations, or their
enforcement by applicable authorities; the failure of parties to
contracts with the company to perform as agreed; social or labour
unrest; changes in commodity prices; and the failure of exploration
programs or studies to deliver anticipated results or results that
would justify and support continued exploration, studies,
development or operations.
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SOURCE i-80 Gold Corp