i-80 Gold Announces High-Grade Results from Drilling at Ruby Hill 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
i-80 Gold Announces High-Grade Results from Drilling at
Ruby Hill
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
Figure 1 – Hilltop and Blackjack Surface Plan (CNW Group/i-80 Gold Corp)
Figure 2 – Blackjack Surface Plan (CNW Group/i-80 Gold Corp)
Image 1 – iRH23-41 CRD mineralization drill core photograph (CNW Group/i-80 Gold Corp)
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
.
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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For further information:
Ewan Downie - CEO; Matt Gili - President & COO; Matthew Gollat - Executive Vice-President,
1.866.525.6450, [email protected], www.i80gold.com
CO: i-80 Gold Corp
CNW 06:00e 12-SEP-23