i-80 Gold Completes First Gold Sale in Company History
PR Newswire
Lone Tree and Ruby Hill Heap Leach Operations Now Producing Gold
RENO, Nev.
,
March 9, 2022
/PRNewswire/ –
i-80 GOLD CORP.
(TSX: IAU) (OTCQX: IAUCF)
(“i-80”, or the “Company”)
is pleased to announce that it has completed initial gold sales from residual heap leach operations at its Lone Tree and Ruby Hill Projects, both 100%-owned by the Company. These milestones achieve another two items outlined in i-80’s 2022 comprehensive plan (see press release dated
January 12, 2022
).
“A truly historic event for i-80,” stated
Matthew Gollat
, Executive Vice-President at i-80. “After less than a year in existence we have produced our first gold from ongoing residual leach projects while we continue to execute the development of several projects within our portfolio as planned with the goal of becoming a significant operator in the
State of Nevada
.”
The Lone Tree Property is strategically located on Interstate 80, the primary highway through northern
Nevada
, and proximal to the northern
Nevada
railway, midway between i-80’s Granite Creek and McCoy–Cove projects. Lone Tree provides i-80 with a competitive advantage in
Nevada
hosting important processing infrastructure to grow the Company’s business including an autoclave, CIL mill, and a heap leach facility complete with assay lab and gold refinery. Current gold production is the result of leaching existing heap leach pads. The nearby Brooks and Buffalo Mountain mining operations are currently being advanced with material to be trucked to the Lone Tree leach pad. Mining of the Brooks deposit is anticipated to commence in the second half of 2022.
The Ruby Hill Mine is located immediately west of the town of Eureka proximal to Highway 50 and is host to multiple deposits that i-80 believes collectively represent one of the largest gold and silver resource endowments in the
State of Nevada
. The property is host to key infrastructure including heap leach facilities, a CIL circuit and mill. In the future, refractory mineralization from Ruby Hill is expected to be trucked to the Lone Tree Complex for processing following its refurbishment. The primary source of production at Ruby Hill is material from the East Archimedes open pit mined from
September 2020
to
November 2021
as well as some residual leach from older material on the pad.
Qualified Person
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 well-financed,
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 anticipated to be processed at the centrally located Lone Tree processing facility and autoclave.
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SOURCE i-80 Gold Corp