I-80 Gold Corp. Strategically Advances Nevada Projects Toward Mid-Tier Production Goals
- I-80 Gold Corp. is advancing its Nevada gold projects with a strategic development plan to become a mid-tier producer.
- The Granite Creek Underground project aims for steady-state production, with a feasibility study expected by Q1 2026.
- The Lone Tree Autoclave Facility and Archimedes Underground project are on track for revised studies and initial drilling by late 2025.
I-80 Gold Corp. Advances Nevada Gold Projects with Strategic Development Plan
I-80 Gold Corp. is actively advancing its ambitious development plan focused on its Nevada gold projects, positioning itself as a burgeoning mid-tier gold producer. The company recently released Preliminary Economic Assessments (PEAs) for five of its projects in the first quarter of 2025 and is diligently working on various technical, permitting, and development initiatives. Chief Operating Officer Paul Chawrun highlights that the company is making steady progress towards production, with a robust drilling program and ongoing feasibility studies. The Granite Creek Underground project is on a path toward achieving steady-state production, aided by a predictive hydrogeological model that enhances dewatering efforts. A feasibility study for this operation is anticipated by Q1 2026, which will include updated mineral resource estimates critical for future operations.
The Lone Tree Autoclave Processing Facility is undergoing optimization in collaboration with Hatch Ltd., with the aim of completing a revised feasibility study by Q4 2025. Meanwhile, the Archimedes Underground project is nearing final permitting stages, with initial drilling scheduled for Q4 2025. Production from this site is expected to commence between late 2026 and early 2027, marking a significant milestone for I-80 Gold Corp. The Cove Underground mine's feasibility study is progressing, with completion targeted for Q1 2026 alongside advancing NEPA permitting activities. These developments reflect I-80 Gold Corp.'s commitment to its diverse portfolio of high-grade projects, with significant drilling campaigns underway to enhance resource estimates and production timelines.
Furthermore, the Granite Creek Open Pit project is moving towards a pre-feasibility or feasibility study, with initial permitting stages already in progress. The ongoing infill drilling campaign at the South Pacific Zone targets over 40 holes and approximately 14,000 meters of core, following the completion of the underground exploration drift. The feasibility study for this project, now underway, expects to accommodate additional drilling, pushing its completion to the first quarter of 2026. As I-80 Gold Corp. continues to advance its operations, the focus remains on efficiently developing its assets to ensure a successful transition into a mid-tier gold producer by the end of the decade.
In addition to these developments, the Granite Creek Open Pit is projected to significantly contribute to production as the decade concludes. The Mineral Point Open Pit at the Ruby Hill Property is also undergoing evaluations, adding to the company's potential output. I-80 Gold Corp.'s strategic approach to its Nevada gold projects underscores its ambition to enhance its operational capabilities and establish itself firmly within the competitive gold sector.