Welcome to our dedicated page for I-80 Gold news (Ticker: IAUX), a resource for investors and traders seeking the latest updates and insights on I-80 Gold stock.
i-80 Gold Corp. reports developments tied to its Nevada-focused gold mining portfolio, including exploration, development and production activity across high-grade projects and processing assets. The company’s updates commonly address its development plan, drilling and technical work, permitting activity, operating and financial results, and the Lone Tree processing strategy that supports a regional hub-and-spoke model.
Recurring corporate news also covers capital-structure actions and material financing agreements, including gold prepayment arrangements, convertible senior notes, royalty financing and debt retirement. The company’s public updates link those financing activities to advancement of its gold projects, refurbishment of processing infrastructure and working-capital needs.
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i-80 Gold Corp. (TSX: IAU) has announced a definitive agreement to acquire Paycore Minerals Inc. (TSXV: CORE) in a deal that will consolidate the FAD Property, enhancing i-80's position in the Eureka District. The acquisition will increase i-80's Ruby Hill land package by over 34%, enhancing access to high-grade deposits. Paycore shareholders will receive 0.68 of i-80 common share per Paycore share, reflecting a 36% premium based on recent stock prices. The transaction requires approval from Paycore shareholders, with a special meeting slated for late April 2023. This consolidation aims to support i-80's multi-year development plan as a leading U.S. mineral producer.
i-80 Gold Corp. (TSX: IAU) (NYSE: IAUX) has announced high-grade results from drilling at its Ruby Hill Property in Eureka County, Nevada. Key findings include:
- Upper Hilltop Zone: 1.7 g/t Gold, 421.3 g/t Silver, 6.9% Zinc over 15.2m
- Lower Hilltop Zone: 4.2 g/t Gold, 433.6 g/t Silver, 20.7% Zinc over 3.1m
These results confirm the presence of multiple high-grade Carbonate Replacement Deposit (CRD) zones. The company plans further drilling in 2023 to explore additional targets, as the Hilltop Corridor appears to host significant mineralization potential.
i-80 Gold Corp. announced the successful closing of a $65 million private placement offering of secured convertible debentures on February 22, 2023. These debentures have a fixed interest rate of 8.00% and will mature on February 22, 2027. They are secured by the company's subsidiary, Premier Gold Mines USA, and guaranteed by Au-Reka Gold LLC. Notably, insiders including directors subscribed for a total of $225,000 in debentures, which qualifies as a related party transaction. The offering is pending final acceptance from both the Toronto Stock Exchange and NYSE American.
i-80 Gold Corp (TSX: IAU) announced a Ruby Hill technical teach-in on February 23, 2023, at 12:00 PM EST, to discuss geophysical surveys and exploration plans for its Ruby Hill Property in Eureka County, Nevada. The session will delve into significant discoveries, including high-grade mineralization with grades up to 515.3 g/t Ag and 28.9% Pb. The company aims to build on 2022’s achievements, emphasizing the property’s potential for world-class gold and polymetallic deposits. Details on high-priority targets for the ongoing drilling campaign will also be highlighted.
i-80 Gold Corp (AMEX:IAUX, TSX:IAU) announced the discovery of a new high-grade gold mineralization zone at its Ruby Hill Property in Nevada. The first drill hole (iRH22-65) revealed significant results: 12.3 g/t Au over 10.7 m. This area, known as the 428 Zone, is a promising target located near the historic Archimedes pit. The company has made multiple discoveries in the 2022 drilling program, bolstering its exploration strategy. Additionally, 23 drill hole assays from 2022 are pending. The ongoing exploration aims to expand mineralization in key areas, signaling a robust potential for future gold production.
i-80 Gold Corp (AMEX: IAUX) has launched an expanded 2023 drill program at its Ruby Hill Property in Eureka County, Nevada, driven by the success of the previous year's campaign that uncovered multiple new discoveries. The initiative deploys six drill rigs targeting the Hilltop Corridor, known for its polymetallic Carbonate Replacement Deposit (CRD) mineralization. CEO Ewan Downie emphasized the potential for resource growth and the assessment of restarting processing infrastructure. The company will also conduct geophysical surveys to identify additional prospective anomalies while progressing toward a NI43-101 compliant resource for the Blackjack deposit.
i-80 Gold Corp announced a significant discovery of high-grade zinc mineralization at its Ruby Hill Property in Nevada. The first hole drilled in the Hilltop Corridor (iRH22-61) returned impressive results, with mineralization grading 12.3% Zinc over 39.6 meters. The company is actively exploring multiple target areas, having made three new discoveries in a recent drilling campaign. This success positions i-80 for potential expansion and significant resource enhancement. Ongoing drilling is aimed at increasing known mineralization, with future results expected to further bolster the company's prospects.
i-80 Gold Corp. announced continued success in its Ruby Hill drilling program, revealing impressive assay results, including 9.0 g/t Au over 51.2 m and 14.4 g/t Au over 14.2 m. The 2022 exploration campaign has expanded mineralization significantly, with ongoing drilling expected to surpass 40,000 meters by year-end. Following the campaign, a revised resource estimate for the Ruby Deeps deposit is planned. The Ruby Hill Property is a key asset for i-80, showcasing both gold and polymetallic potential.