New results from drilling at Cove include:
- iCHU24-01: 48.3 g/t Au over 3.0 m (Lower Helen Zone) and 15.8 g/t Au over 15.8 m (Lower Helen Zone)
- iCHU24-04: 14.3 g/t Au over 13.5 m (Lower Helen Zone)
- iCHU24-08: 15.1 g/t Au over 7.4 m (Lower Helen Zone) and 22.6 g/t Au over 7.1 m (Lower Helen Zone)
- iCHU24-12: 7.8 g/t Au over 28.7 m (Lower Helen Zone)
- iCHU24-14: 13.7 g/t Au over 7.2 m (Lower Helen Zone) and 10.4 g/t Au over 38.8 m (Lower Helen Zone) and 11.0 g/t Au over 20.6 m (Lower Helen Zone)
Shares of i-80 surged 13% by 10:51 a.m. EDT, bringing the company’s market capitalization to C$458 million ($333 million).
“Definition drilling continues to return high-grade mineralization over impressive widths, making Cove an anchor project in the company’s future growth plans,” said Ewan Downie, CEO of i-80 Gold.
The McCoy-Cove project, located on the Battle Mountain trend, has historically produced about 3.3 million ounces of gold and over 100 million ounces of silver. The property hosts one of the highest-grade gold-silver deposits in Nevada.