New results include 29.6 g/t Au over 7.2 m, 18.7 g/t Au over 8.3 m & 37.2 g/t Au over 3.7 m
The new results are from the 2023 underground drilling program to define the
Highlight new results from drilling at McCoy-Cove include:
- iCHU23-40: 11.5 g/t Au over 3.7 m (
Upper Helen Zone ) - iCHU23-41: 37.2 g/t Au over 3.7 m (
Upper Helen Zone ) - iCHU23-42: 29.6 g/t Au over 7.2 m (
Lower Helen Zone ) - iCHU23-43: 9.2 g/t Au over 5.3 m (
Upper Helen Zone )- and 12.3 g/t Au over 6.6 m (
Lower Helen Zone ) - and 18.7 g/t Au over 8.3 m (
Lower Helen Zone )
- and 12.3 g/t Au over 6.6 m (
The McCoy-Cove Property is strategically located in heart of the prolific Battle Mountain Trend immediately south of
"Results received to-date continue to confirm that Cove is one of the highest-grade, development-stage, gold deposits in
Carlin-style mineralization in the Helen and CSD Gap zones is hosted primarily in the Favret limestone rock unit with enhanced grades and thicknesses of mineralized zones occurring at structural intersections, along the margins of dikes and sills, and within the axis of the northwest striking Cove anticline.
Polymetallic mineralization also occurs on the Property, particularly in the 2201 Zone that occurs below and to the east of Carlin-style mineralization. This polymetallic mineralization remains a significant upside opportunity.
Table 1 “ Highlight New Assay Results from Cove Underground Drilling
New 2023 results from McCoy-Cove, estimated true thickness 75-95% | |||||||
Drillhole ID | Zone | Type | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) |
iCHU23-40 | Upper Helen | Core | 166.8 | 170.5 | 3.7 | 11.5 | 11.6 |
iCHU23-41 | Upper Helen | Core | 127.4 | 131.1 | 3.7 | 37.2 | 5.6 |
iCHU23-42 | Core | 217.5 | 220.7 | 3.2 | 7.9 | 0.3 | |
and | Core | 261.6 | 264.6 | 3.0 | 9.9 | 4.2 | |
and | Core | 291.6 | 298.8 | 7.2 | 29.6 | 8.8 | |
iCHU23-43 | Upper Helen | Core | 144.5 | 149.8 | 5.3 | 9.2 | 6.3 |
and | Core | 256.9 | 263.5 | 6.6 | 12.3 | 3.0 | |
and | Core | 288.9 | 297.1 | 8.3 | 18.7 | 6.5 | |
and | Core | 343.5 | 346.6 | 3.0 | 6.9 | 6.4 | |
iCHU23-44 | Upper Helen | Core | 136.9 | 140.8 | 3.9 | 4.8 | 5.4 |
U™ | Drillhole ID | East m | North m | Elevation m | Azimuth | Dip |
iCHU23-40 | 481768 | 4465975 | 1427 | 182 | -57 | |
iCHU23-41 | 481766 | 4465976 | 1427 | 229 | -62 | |
iCHU23-42 | 481766 | 4465976 | 1427 | 248 | -83 | |
iCHU23-43 | 481767 | 4465977 | 1427 | 264 | -87 | |
iCHU23-44 | 481766 | 4465977 | 1428 | 260 | -54 |
The McCoy-Cove Property comprises a large package of approximately 13,000 hectares covering an area roughly 15 km by 10 km that offers substantial exploration upside as the bulk of work completed to-date has been focused on the main deposit areas. Earlier exploration, mostly completed in 20214, resulted in several new discoveries that have received little to no follow-up including polymetallic mineralization in the 2201 and
Please click here for further information on abbreviations and conversions referenced in this press release.
As previously disclosed in its Annual Report on Form 40-F for the year ended
All samples were submitted to ALS Minerals (ALS) of
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 McCoy-Cove and the potential of the Cove 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.