i-80 Gold Reports Initial Assay Results from Granite Creek Underground and Provides Infill Drilling Update at High-Grade Cove Project

Core Insights - i-80 Gold Corp. has announced promising initial assay results from its Granite Creek Underground Project and updates on infill drilling at the Cove Underground Project, indicating high-grade resources and significant growth potential across its Nevada portfolio [1][2][3]. Granite Creek Underground - The infill drilling program at Granite Creek Underground has shown robust high-grade mineralization in the South Pacific Zone, suggesting potential for expansion both to the north and at depth [2][3]. - A total of 20 out of 40 planned drill holes have been completed, with the first six holes returning high-grade gold assays, including 33.6 g/t over 2.9 meters and 29.7 g/t over 3.6 meters [4][5]. - The feasibility study for Granite Creek Underground is expected to be completed in the first quarter of 2026, incorporating updated mineral resource estimates based on recent drilling results [5][6]. Cove Underground - Approximately 45,000 meters of infill drilling have been completed at Cove over the past two years, enhancing the geological model and understanding of gold mineralization [7][8]. - The upcoming feasibility study for Cove, planned for the first quarter of 2026, aims to convert inferred and indicated resources into higher confidence categories [8][9]. - The Cove project is characterized by a Carlin-style mineralized system, with 15% of the known mineralization being oxidized, which will be processed at the Lone Tree facility [7][8]. Overall Company Strategy - i-80 Gold Corp. is focused on building a mid-tier gold producer through a strategic development plan that leverages its high-quality asset portfolio in Nevada [14]. - The company aims to maximize efficiency and growth through a hub-and-spoke regional mining and processing strategy, following the refurbishment of its central processing facility [14].