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