I-80 Gold Corp. Advances Nevada Projects for Mid-Tier Gold Production Strategy

Cashu

7 days ago

IAU.TO

I-80 Gold Corp

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I-80 Gold Corp. Makes Strides in Nevada Development Plans

I-80 Gold Corp. is advancing its development strategy to position itself as a mid-tier gold producer through a comprehensive update on its Nevada gold projects. The company recently released Preliminary Economic Assessments (PEAs) for five projects, highlighting its commitment to progressing with permitting, technical, and development work. Chief Operating Officer Paul Chawrun underscores the importance of ongoing drilling and feasibility studies to ensure steady advancements toward production. The Granite Creek Underground project, in particular, is ramping up efforts to achieve steady-state production, supported by a predictive hydrogeological model that enhances dewatering operations. A feasibility study for this project is anticipated by the first quarter of 2026, incorporating updated mineral resource estimates.

The Lone Tree Autoclave Processing Facility is undergoing optimization work in collaboration with Hatch Ltd., with a revised feasibility study expected to be completed by the fourth quarter of 2025. This optimization is crucial for enhancing the facility's operational efficiency, which will play a significant role in the overall production capabilities of I-80 Gold Corp. Meanwhile, the Archimedes Underground project is nearing its final permitting stages, with initial drilling set for the fourth quarter of 2025 and expected production contributions beginning between late 2026 and early 2027. This timeline reflects the company’s strategic focus on synchronizing regulatory approvals with its ambitious development schedule.

I-80 Gold Corp. also continues to make progress on the Cove Underground mine and the Granite Creek Open Pit project. The feasibility study for the Cove project is expected to conclude in the first quarter of 2026, while initial permitting stages for the Granite Creek Open Pit are underway. These developments underscore I-80 Gold Corp.'s commitment to efficiently advancing its diverse portfolio of high-grade gold projects through a combination of rigorous drilling campaigns and thorough regulatory compliance. With these initiatives, the company aims to cement its position in the competitive Nevada gold mining landscape.

In addition to the focused development efforts, I-80 Gold Corp. has completed surface infrastructure for the external portal, paving the way for initial underground exploration development. Infill drilling for the South Pacific Zone is also in progress, with over 40 holes and approximately 14,000 meters of core drilling planned. As the company continues to enhance its operational capabilities, it remains dedicated to delivering sustainable growth and production in the Nevada gold sector. The ongoing commitment to environmental stewardship, as demonstrated by the NEPA permitting processes, further aligns I-80 Gold Corp. with industry best practices.