Project UpdateJul 1, 2026, 12:11 PM
i-80 Gold: High-Grade Gold Assays at Archimedes; 16.2 g/t Au over 56.4m
AI Summary
i-80 Gold Corp. announced additional high-grade assay results from the Archimedes Underground Project's upper 426 zone, including 16.2 g/t Au over 56.4 meters. These results confirm significant mineralization and support the planned start of mining in Q4 2026. The company also updated the timing of feasibility-level technical studies for Granite Creek and Cove underground projects, extending them from Q2 2026 to Q3 2026.
Key Highlights
- Archimedes Project: 16.2 g/t Au over 56.4m (sulfide) from upper 426 zone.
- Additional high-grade assays: 21.9 g/t Au over 20.2m and 11.0 g/t Au over 26.1m.
- Archimedes development remains on schedule for first gold in Q4 2026.
- Feasibility studies for Granite Creek and Cove underground projects delayed to Q3 2026.
- 2025-2026 infill drill campaign completed 8,500m across 40 holes.
- 2026 infill drilling commenced, targeting 55,000m across 140 holes.
- Lone Tree Plant refurbishment on track for operation by late 2027.
Price Impact
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