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RENO, Nev. - i-80 Gold Corp. (TSX:IAU) (NYSE American:IAUX), currently trading near its 52-week high of $69.26 with a market capitalization of $53.67 billion, announced initial assay results from its ongoing drilling program at the Granite Creek Underground Project and provided an update on infill drilling at its Cove Underground Project, both located in Nevada. According to InvestingPro data, the company’s stock has demonstrated remarkable stability with a low beta of 0.09.
The first six holes from the Granite Creek infill program showed high-grade gold mineralization throughout the South Pacific Zone, with notable intercepts including 33.6 g/t gold over 2.9 meters and 29.7 g/t gold over 3.6 meters in hole iGS25-02A, the most northerly and deepest hole drilled to date in the zone.
The Granite Creek drilling campaign, which began in June, has completed 20 of the planned 40 holes across approximately 14,000 meters. The program aims to convert mineral resources from the inferred to indicated category to support a feasibility study expected in the first quarter of 2026. The company’s strategic initiatives appear to be resonating with investors, as reflected in its impressive year-to-date return of 38.17%.
At the Cove project, the company has completed approximately 45,000 meters of infill drilling over the past two years across the Gap and Helen zones. This work has provided the company with an improved geological model and greater confidence in future resource delineation as it works toward completing a feasibility study for Cove, also planned for the first quarter of 2026.
About 15% of the known mineralization at Cove is oxidized in the upper portions of the Helen zone, which the company expects to process at its Lone Tree central processing facility. The remaining sulfide material is planned for processing by either autoclaving or roasting.
The company anticipates that the forthcoming mineral resource estimate for Cove will reflect a conversion of currently estimated resources into higher confidence categories. For investors interested in detailed technical analysis and additional insights, InvestingPro offers 8 more exclusive tips about i-80 Gold Corp., including valuable metrics on profitability and valuation trends.
The information in this article is based on a press release statement from i-80 Gold Corp.
In other recent news, i-80 Gold Corp. announced progress in its Nevada development plan, which is a step toward becoming a mid-tier gold producer. The company has completed Preliminary Economic Assessments for five projects, marking a significant milestone in its development efforts. This progress is part of i-80 Gold’s broader strategy to advance technical work across its portfolio of assets. These developments are part of the company’s ongoing efforts to enhance its production capabilities and market position. Additionally, former U.S. President Donald Trump stated that gold will not be subject to tariffs. This announcement could have implications for the gold industry and its stakeholders. These recent developments highlight ongoing activities and strategic decisions within the gold sector.
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