i-80 Announces Filing of the Ruby Hill Project Technical Report
i-80 Announces Filing of the Ruby Hill Project Technical
Report
RENO, Nev.
,
Oct. 22, 2021
/CNW/ -
i-80 GOLD CORP.
(TSX: IAU) (OTCQX: IAUCF)
("i-80", or the "Company")
is
pleased to announce that it has filed a technical report prepared for the Ruby Hill Project, in accordance with Canadian
Securities Administrators' National Instrument 43-101. The report may be found on the Company website and under the
Company's profile at
www.sedar.com
.
The independent report, dated
October 22, 2021
(effective date
July 31, 2021
), titled "NI 43-101 Report on 2021 Ruby
Hill Mineral Resource Estimate Eureka Country,
Nevada, USA
" was completed by Wood Canada Limited and provides
detail to the disclosure contained in the Company's news releases issued on
September 7, 2021
and
October 18, 2021
.
Qualified persons for the Report include
Christopher Wright
, P.Geo. and
Raymond H. Walton
, B.Tech., P.Eng., Ray
Walton Consulting Inc.
Ruby Hill represents one of
Nevada's
premier mining projects with existing production from the Archimedes open pit and
a large property that is host to multiple gold, gold/silver, and polymetallic gold deposits, that collectively comprise one of
the largest and highest-grade, permitted, gold deposits in
Nevada
.
About i-80 Gold Corp.
i-80 Gold Corp. is a well-financed
Nevada
-focused mining company with a goal of achieving mid-tier gold producer
status.
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, financing transaction with Orion, completion of
refurbishment and development activities at the Lone Tree project, commencement of mining operations at the Lone Tree
and Buffalo Mountain projects or exploration and development activities the Ruby Hill mine. 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: failure to satisfy of the relevant conditions to the
completion of the transactions described herein, failure to obtain the relevant regulatory approvals, material adverse
changes, exercise of termination rights by any relevant party, unexpected changes in laws, failure to complete the Orion
financing transaction on satisfactory terms, 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, refurbishment, development or mining programs or studies to deliver anticipated results or
results that would justify and support continued exploration, studies, development or operations.
Cautionary Note to U.S. Investors Concerning Estimates of Resources: This press release uses the term "inferred
resources." "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to
their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the
basis of a feasibility study or prefeasibility study, except in rare cases. Information contained in the press release
containing descriptions of any mineral deposits may not be comparable to similar information made public by U.S.
companies subject to the reporting and disclosure requirements under
the United States
federal securities laws and the
rules and regulations thereunder that disclose mineral reserves and mineral resources in accordance with Industry Guide
7 or the SEC's new mining disclosure rules in Regulation S-K 1300. SEC Industry Guide 7 does not recognize the
existence of resources. Under Regulation S-K 1300, reserve and resource definitions are substantially similar to the
corresponding CIM Definition Standards; however, there are differences between NI 43-101 and Regulation S-K 1300
and therefore information contained in the press release may not be comparable to similar information made public by
public U.S. companies pursuant to the Regulation S-K 1300 or SEC Industry Guide 7.
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i-80 Gold Corp
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For further information:
Ewan Downie - CEO; Matt Gili - President & COO; Matthew Gollat - EVP Business &
Corporate Development; 1.866.525.6450, [email protected], www.i80gold.com
CO: i-80 Gold Corp
CNW 17:00e 22-OCT-21