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Saturday, Dec 2, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


i-80 Gold Corp’s high grade assays show Nevada’s gold superiority

The holes have been designed to establish the western-most extremity of the deposit

i-80 Gold's high grade assays show Nevada's gold supremacy
Operations at the McCoy Cove. Image via i-80 Gold.

High grade results at i-80 Gold Corp‘s (TSX: IAU) (NYSE: IAUX) McCoy-Cove Property in Lander County, Nevada, confirm it as one of North America’s highest-grade gold deposits.

The company said on Monday that drilling at the Helen Zone confirmed high-grade mineralization with intercepts of up 25.4 grams per ton (g/t) gold over 20.1 metres. The newest set of results are from definition drilling in the CSD/Gap Zone, with drilling in the Helen Zone continuing to confirm high grade mineralization.

CSD/Gap Zone highlights include:

  • iCHU23-19: 15.7 g/t Au and 16.8 g/t Ag over 4.5 m
  • iCHU23-20: 7.6 g/t Au and 2.0 g/t Ag over 12.2 m
  • iCHU23-22: 21.8 g/t Au and 4.8 g/t Ag over 10.3 m

Meanwhile, the Helen Zone produced:

  • iCHU23-23: 28.0 g/t Au and 5.1 g/t Ag over 10.4 m

And 21.0 g/t Au and 7.4 g/t Ag over 10.8 m

  • iCHU23-24: 18.0 g/t Au and 9.4 g/t Ag over 4.6 m
  • iCHU23-25: 11.1 g/t Au and 14.4 g/t Ag over 3.7 m

And 7.8 g/t Au and 3.7 g/t Ag over 6.7 m

And 15.4 g/t Au and 3.3 g/t Ag over 1.6 m

  • iCHU23-26: 8.4 g/t Au and 2.7 g/t Ag over 9.1 m
  • iCHU23-28: 25.4 g/t Au and 5.1 g/t Ag over 20.1 m

And 8.8 g/t Au and 2.4 g/t Ag over 8.5 m

i-80 Gold’s initial holes have been designed to establish the western-most extremity of the deposit before advancing eastward into the heart of the deposit.

The company obtained extremely positive initial results, similar to what it encountered during the initial drilling of the Gap Zone. Previously released results have shown intercepts of up to 7.0 g/t Au over 119.6 m in hole iRH23-14. It included four higher-grade zones of gold mineralization of up to 10.6 g/t Au over 38.3 m.

Read more: Calibre Mining secures largest undeveloped gold resource in Atlantic Canada through $345M Marathon Gold merger

Read more: Calibre Mining reports record year-to-date earnings in Q3 financials

Nevada has been lucrative for multiple companies in 2023

This is the latest set of positive results i-80 has produced from its Nevada-based properties. In October, the miner reported high grade results from its Granite Creek project, including 15.5 g/t gold over 19.7 meters.

This continues a trend of positive results that many companies have enjoyed throughout 2023 in Nevada.

For example, Vancouver-based junior explorer, CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) returned its best drill results so far from its Kinsley Mountain gold project.

The company discovered 15.3 g/t gold over 32 metres, including 10.7 metres grading at 24.1 g/t Au. The Kinsley Mountain gold project, containing Carlin-type sulphide gold, resides in Elko County.

Nevada King Gold Corp. (TSXV: NKG) (OTCQX: NKGFF) has also consistently returned high grade results in the state, including 37.16 g/t Au over 29 meters in AT23WS-44, 2.15 g/t Au over 96 meters in AT23HG-34, and 1.89 g/t Au over 114.3 meters at the Atlanta Gold Mine Project in the Battle Mountain Eureka trend.

Nevada King has completed 323 drill holes, totalling 57,392 meters to date. These holes include 17 core holes with a total of 1,587 meters and 306 reverse circulation (RC) holes at 55,804 meters. So far, the company has assay results for 186 holes, and results are pending for another 137 drill holes.

Another example is for Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF). In June, analysts from Haywood Securities Inc were astonished by the high-grade mineralization emerging from Calibre’s Palomino target on the Eureka trend in Nevada.

These results earned recognition as the best ever observed at Pan, not only because of their exceptional grade and grade-thickness attributes but also due to the remarkable continuity of mineralization within the system and its relatively shallow depth.

In 2023, Nevada has become a thriving hub for gold mining, marked by impressive achievements from companies such as i-80 Gold Corp, Calibre Mining, CopAur Minerals Inc., and Nevada King Gold Corp. These firms have reported significant high-grade mineral deposits and exceptional drilling results, reaffirming Nevada’s status as a top destination for gold exploration and production.


 Calibre Mining is a sponsor of Mugglehead news coverage


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