i80 Gold - President and COO, Matt Gili.
President and COO, Matt Gili.
Source: i-80 Gold.
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  • i-80 Gold (IAU) is progressing with its exploration program at its McCoy-Cove Property in Nevada
  • The company has collared the Cove Mine portal and built more than 300 m of the decline
  • It will soon position multiple drill bays in preparation for 40,000 m of drilling in Q4 with a feasibility study slated for 2023
  • i-80 Gold is a Nevada-focused mining and production company
  • i-80 Gold (IAU) is up by 0.97 per cent trading at $2.08 per share

i-80 Gold (IAU) is progressing with its exploration program at its McCoy-Cove Property in Nevada.

It has collared the Cove Mine portal and built more than 300 m of the decline.

Cove Mine portal.

Next steps in the phase 1 program include the construction of an initial level with multiple drill bays to upgrade resources.

The company is on track to begin 40,000 m of underground definition and expansion drilling in Q4 2022 followed by a feasibility study to be completed in 2023.

It expects the Cove Mine to be a key component in its plans to restart the Lone Tree autoclave.

“The Cove Deposit represents one of North America’s highest-grade development-stage gold deposits with grades in excess of 10 g/t Au,” stated Matt Gili, President and COO of i-80 Gold. “We are in the process of advancing three high-grade underground mining projects that will ultimately be processed at the Lone Tree Complex. Cove is expected to complement our Granite Creek Project, which is expected to enter commercial production later this year and contribute to our plan to be the fastest growing gold producer in Nevada.”

McCoy-Cove resource

i-80 Gold is a Nevada-focused mining and production company.

i-80 Gold (IAU) is up by 0.97 per cent trading at $2.08 per share as of 10:24 am EST.

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