Ruby Hill | Jotup

i-80 Announces US$20 Million Gold Prepay Accordion with Orion Mine Finance

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Thursday, September 21, 2023

Toronto Stock Exchange, GOLD, Ruby Hill, Sale, NYSE, Gold, NYSE American, TSX, News, Security (finance), Granite Creek

RENO, Nev., Sept. 20, 2023 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company"), is pleased to announce that it has entered into an amended and restated gold prepay purchase and sale agreement (the "A&R Gold Prepay Agreement") with an affiliate of Orion Mine Finance ("Orion"), pursuant to which the Company has received aggregate gross proceeds of $20 million (the "2023 Gold Prepay Accordion") structured as an additional accordion under the existing gold prepay agreement (the "2021 Gold Prepay Agreement") between the Company and Orion (see the Company's news releases dated December 14, 2021 and April 13, 2022).

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RENO, Nev., Sept. 20, 2023 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company"), is pleased to announce that it has entered into an amended and restated gold prepay purchase and sale agreement (the "A&R Gold Prepay Agreement") with an affiliate of Orion Mine Finance ("Orion"), pursuant to which the Company has received aggregate gross proceeds of $20 million (the "2023 Gold Prepay Accordion") structured as an additional accordion under the existing gold prepay agreement (the "2021 Gold Prepay Agreement") between the Company and Orion (see the Company's news releases dated December 14, 2021 and April 13, 2022).
The existing $50 million accordion feature remains in place in the A&R Gold Prepay Agreement.
The 2023 Gold Prepay Accordion will be repaid through the delivery by i-80 to Orion of 13,333 troy ounces of gold over a period of 12 quarters, being 1,110 troy ounces of gold per quarter over the delivery period with the first delivery being 1,123 troy ounces of gold.
In connection with the 2023 Gold Prepay Accordion, the Company has issued to Orion warrants to purchase up to 3,750,000 common shares of the Company (the "New Warrants").

i-80 Gold Announces High-Grade Results from Drilling at Ruby Hill

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Thursday, August 24, 2023

Drilling in 2023 has intersected high-grade mineralization in multiple target areas including in step-out drilling where mineralization remains wide open for expansion.

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Drilling in 2023 has intersected high-grade mineralization in multiple target areas including in step-out drilling where mineralization remains wide open for expansion.
Table 1 provides a summary of recent drill results and recent highlight results include:
"Drilling at Ruby Hill continues to return results that confirm the Property's capability to be a flagship asset for i-80 with high-grade polymetallic base metal mineralization occurring immediately adjacent to the high‑grade Ruby Deeps gold deposit.
Step-out drill hole iRH23-18A extends mineralization to the south with the most impressive skarn intercept received to date since i-80 commenced drilling at Ruby Hill.
It is believed to be host to multiple feeder fault structures and is largely untested by previous drilling owing to the alluvial cover.

i-80 Gold Discovers High-Grade Gold-Sulphide Zone at Ruby Hill

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Wednesday, August 2, 2023

FAD, Bismuth, Blackjack, Archimedes, Tellurium, Material properties of diamond, GOLD, Ruby Hill, CRD, See, Tyche, Gold, TSX, NYSE, Hilltop, Uranium mining

The new zone was intersected in the directional drilling program being completed at Ruby Hill to test the Blackjack deposit that is located under the Archimedes open pit.

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The new zone was intersected in the directional drilling program being completed at Ruby Hill to test the Blackjack deposit that is located under the Archimedes open pit.
"We have now made seven new discoveries at Ruby Hill since we began testing new targets on the Property in mid-2022.
The Tyche zone is in close proximity to the Lower Jack (Carlin-type) gold zone that is not currently part of the current resource at Ruby Hill (See Figure 2).
Additional drilling is currently being planned at the Tyche and Lower Jack gold zones with the potential to expand high-grade gold resources at Ruby Hill.

i-80 Gold Completes Acquisition - High-Grade FAD Deposit

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Monday, May 8, 2023

Once the current infill & expansion drill program is completed, the FAD deposit is expected to add to the Company's impressive resource base.

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Once the current infill & expansion drill program is completed, the FAD deposit is expected to add to the Company's impressive resource base.
Paycore's common shares are expected to be de-listed from the TSX Venture Exchange ("TSX-V") within three to five business days.
Pursuant to the Arrangement, Paycore shareholders received 0.68 of an i-80 common share for each common share of Paycore held.
These intervals were subsequently sampled, with highlight results including:
New 2023 FAD assay results from previously unsampled intervals, true widths estimated 80-95%

i-80 Gold to Host Annual General Meeting, Investor Day & First Quarter Results

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Monday, May 1, 2023

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The in-person AGM will begin at 4:00pm EST followed by the Investor Day presentation commencing at 4:30pm EST.

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The in-person AGM will begin at 4:00pm EST followed by the Investor Day presentation commencing at 4:30pm EST.
The presentation can also be accessed via a conference call and webcast (details below).
Investors are invited to attend the event in–person where they can meet and discuss details with members of i-80's Board of Directors and Management Team.
The Company expects to release Q1 2023 financial and operating results prior to the AGM on May 9, 2023 and will discuss further at the Investor Day presentation.

i-80 Gold Publishes Inaugural Sustainability Report

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Tuesday, March 21, 2023

i-80 Gold is committed to sustainable development and environmental stewardship during exploration and extraction of mineral resources.

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i-80 Gold is committed to sustainable development and environmental stewardship during exploration and extraction of mineral resources.
Matt Gili, President and COO of i-80 Gold commented, "The 2022 Sustainability Report provides a comprehensive summary of our ESG footprint, our drive to responsibly invest and grow in Nevada, and our dedication to transparency and accountability.
For us, sustainability isn't just a commitment or a responsibility, but a challenge that excites and inspires our whole team."
The inaugural ESG report, Driving the Future, is a reflection of the company's commitment to better communicate the performance and approach to ESG.

i-80 Gold Expands High-Grade Mineralization in the Hilltop Zones at Ruby Hill

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Thursday, February 23, 2023

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The Upper, Lower and East Hilltop Zones are three newly discovered Carbonate Replacement Deposit-type mineralization (CRD) zones closely associated with the newly identified Hilltop fault structure located on the south side of the Archimedes pit (see Images 1 & 2).

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The Upper, Lower and East Hilltop Zones are three newly discovered Carbonate Replacement Deposit-type mineralization (CRD) zones closely associated with the newly identified Hilltop fault structure located on the south side of the Archimedes pit (see Images 1 & 2).
"Three target areas along the Hilltop fault structure were tested by drilling in 2022, all of which intersected polymetallic CRD and/or skarn base metal mineralization.
The Upper and East Hilltop Zones appear to be associated with anomalies identified in the Magnetotelluric (MT) geophysical survey along the Hilltop fault structure.
Mineralization in the Hilltop area is located proximal to this fault with the largest zones at intersections with other structures.

i-80 Gold Intersects 12.3 g/t Au Over 10.7 m in New Target at Ruby Hill

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Wednesday, February 8, 2023

Blanchard, Property, CRD, TSX, Material properties of diamond, NYSE, PB, Homestake Mining Company, Blackjack, GOLD, Archimedes, Ruby Hill, Uranium mining

High-grade gold mineralization was intersected in the first hole drilled to test continuity of a historic intercept below the Archimedes pit.

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High-grade gold mineralization was intersected in the first hole drilled to test continuity of a historic intercept below the Archimedes pit.
A historic hole (HC1428) drilled by Homestake Mining Company intersected 15.0 g/t Au over 5.5 m, however no additional drilling was ever completed.
The 428 Zone is located below the Archimedes pit and appears to be a combination of distal-disseminated gold mineralization overprinted by later Carlin-type gold mineralization.
No other holes have tested this contact in proximity to the Blanchard fault presenting a significant upside target at Ruby Hill.

i-80 Gold Expands High-Grade Gold Mineralization at Ruby Hill

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Tuesday, November 29, 2022

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New results from drilling at the Ruby Deeps deposit continue to expand mineralization further demonstrating excellent continuity of mineralization, impressive widths and grades, often in excess of 10 grams per ton gold (g/t Au), and favourable ground conditions.

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New results from drilling at the Ruby Deeps deposit continue to expand mineralization further demonstrating excellent continuity of mineralization, impressive widths and grades, often in excess of 10 grams per ton gold (g/t Au), and favourable ground conditions.
Highlight results from new drilling in the Ruby Deeps horizon:
Ongoing drilling is focused on defining and expanding gold mineralization in the primary zones while also testing several high-potential targets on the Property including the recent Hilltop discovery.
As a result, the 2022 drill program at Ruby Hill will continue with more than 40,000 metres expected to be completed by year-end.
"Ruby Hill has truly outperformed expectation, demonstrating the property's potential to host both a large Carlin-type gold deposit and also extremely high-grade polymetallic CRD mineralization", stated Tyler Hill, Senior Geologist of i-80.

i-80 Gold Reports High-Grade Gold in Drilling at Ruby Hill - 426 Zone

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Tuesday, August 16, 2022

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Highlight results from initial infill and step-out drilling in the 426 horizon:

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Highlight results from initial infill and step-out drilling in the 426 horizon:
7.7 g/t Au over 9.4 m (0.22 oz/ton 31.0 ft), incl.
Drilling in the 426 Zone is designed to define mineralization for initial mine planning, to provide geotechnical work for the design of the underground decline, and to complete additional metallurgical test work.
The 426 Zone remains open along strike to the south and at depth with very little drilling existing along the 426 fault at depth above its intersection with the Ruby Deeps.
"We have a CIL plant at Ruby Hill that could factor into our future processing plans given that we are intersecting appreciable oxidized mineralization in the 426 Zone.