RENO, Nev., June 16, 2021 /PRNewswire/ - i-80 GOLD
CORP. (TSX: IAU) (OTC: IAUCF) ("i-80", or the
"Company") is pleased to announce that rehabilitation of
underground drill bays is completed and underground drilling has
commenced at the Company's Granite Creek ("Granite Creek" or "the
Property") property located in Humbolt County, Nevada. The
Company's Getchell Property has been renamed Granite Creek to avoid
confusion with the Getchell open pit located at the nearby
Turquoise Ridge mine property.
The Granite Creek Mine Project hosts both open pit and
underground resources and is strategically located proximal to
Nevada Gold Mines' Twin Creeks and
Turquoise Ridge mines at the north end of the Battle
Mountain-Eureka Trend at its intersection with the Getchell gold
belt in Nevada. The Company has launched its 2021 surface and
underground drilling program at Granite Creek that is expected to
consist of approximately 22,000 metres of drilling.
The primary goal of the 2021 drill program is to advance
underground and open pit opportunities to production. Underground
drilling will be focused on delineating sufficient resources for
developing a near–term development and mining plan. Ongoing surface
drilling will also test near-surface mineralization for
metallurgical purposes and open pit definition to advance
permitting for open pit mining including heap leach processing
on-site.
Matt Gili, President and Chief
Operating Officer of i-80 commented: "Advancing the Granite Creek
Mine Project to producer status is the Company's primary focus for
2021. The large-scale drilling program is designed to increase
resources, advance permitting to facilitate open pit mining, and
prepare for test mining ahead of feasibility studies."
Tim George, PE, 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. In addition to its
producing mine, El Nino at South Arturo, i-80 is beginning to plan
for future production growth through the potential addition of the
Phases 1 & 3 projects at South Arturo, advancing the Granite
Creek Project through economic studies and then on to
development, and the advanced exploration for the 100%–owned
McCoy-Cove Property.
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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, actual production
results and costs, outcomes and timing of updated technical studies
and future exploration results. 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.
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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