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Tuesday, May 30, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


i-80 Gold reports high-grade intercept at Ruby Hill

The Nevada gold producer intersected 12.3 g/t gold over 10.7 metres in a new target at the site

i-80 Gold reports high-grade intercept at Ruby Hill, Nevada
Photo via i-80 Gold Corp

i-80 Gold Corp. (TSX: IAU) (NYSE: IAUX) has reported a high-grade gold intercept in the first hole drilled at a new target area on the company’s Ruby Hill property in Nevada.

The Reno-based company announced on Wednesday that it had intersected 12.3 g/t Au over 10.7 metres, a significant grade over a substantial length.

The hole was drilled late in last year’s drill program and i-80 says results from 23 holes drilled during the 2022 program at Ruby Hill currently remain outstanding at assay labs. The company also says it will be able to provide an update on those results in the coming weeks.

“Our multiple discoveries made in 2022 highlight the potential of the mineralized system at Ruby Hill and confirm our model for the occurrence of multiple types of world-class, high-grade deposits,” said Tyler Hill, Senior Geologist of i-80 Gold.

Read more: Calibre Mining gold discovery could breathe life into historic mining community

Read more: Calibre Mining budgets $29M for 2023 exploration in Nevada and Nicaragua

Nevada King Gold Corp (TSX-V: NKG) (OTCQX: NKGFF) is another gold producer that has had success with some of its recent holes drilled in Nevada. Both i-80 Gold’s Ruby Hill property and Nevada King’s Atlanta Gold Mine Project are located in northern Nevada’s Battle Mountain Trend.

Last month the Vancouver company announced the following drill results there:

  • Hole No. AT22HG-13: Total of 3.6 g/t Au over 82.3 metres, including 9.92 g/t Au over 27.4 metres; 17.59 g/t Au over 12.2 metres; and most notably 32.47 g/t Au over 4.6 metres

Calibre Mining (TSX: CXB) (OTCQX: CXBMF) has also been reporting significant intercepts in the state’s Battle Mountain Trend.

Last year the company found a substantial stretch of gold mineralization at its Pan Mine in northern Nevada:

  • 1.36 g/t Au over 13.7 metres including 2.78 g/t Au over 4.6 metres in Hole PR22-23

The Vancouver company generated approximately 222,000 ounces of gold last year from its operations in the United States and Central America and has budgeted $23 million for its exploration programs this year in Nevada and Nicaragua.

The company recently intersected an even longer stretch of high-grade gold at its Golden Eagle Project in Washington as well:

  • 4.30 g/t Au over 92.42 metres including 7.80 g/t Au over 17.3 metres in Hole GEC22-001

Note: All holes were drilled at angles of -45 to -90 degrees at azimuths designed to intersect targeted structures as nearly as possible to perpendicular when possible. Some drill holes and intercepts reported here did not cross mineralization perpendicularly and do not represent exact true widths. Calibre Mining is a sponsor of Mugglehead news coverage. 


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