I-80 Gold Announces Outstanding High-Grade Assay Results from Granite Creek Underground Project

I-80 Gold Corp., a U.S.-focused gold mining company, has announced new high-grade assay results from its ongoing drilling program at the Granite Creek Underground Project in Nevada. These latest results further reinforce the project’s strong potential for resource expansion and underline Granite Creek’s growing importance within the company’s long-term production strategy.

The newly released data highlights multiple high-grade gold intercepts that extend known mineralization beyond the existing resource model. This development supports I-80 Gold’s broader vision of building a pipeline of high-quality gold assets in one of the world’s most prolific mining jurisdictions.

Overview of the Granite Creek Underground Project

The Granite Creek Underground Project is located in north-central Nevada, a region globally recognized for its favorable geology, established infrastructure, and mining-friendly regulatory environment. The project hosts both open-pit and underground mineralization, with the underground component emerging as a key source of high-grade gold potential.

Granite Creek was historically mined by previous operators, leaving behind a network of underground workings and valuable geological data. I-80 Gold has been leveraging this historical information while applying modern exploration techniques to unlock additional value.

Details of the Newly Reported Assay Results

The latest drilling campaign targeted zones adjacent to and below the current underground resource. According to I-80 Gold, several drill holes returned exceptionally high gold grades over meaningful widths, confirming continuity of mineralization and demonstrating the robustness of the geological model.

Key highlights from the recent assay results include:

• High-grade gold intercepts that exceed the average grade of the existing underground resource
• Mineralization encountered outside previously defined resource boundaries
• Strong geological consistency with known high-grade structures

These results are significant because they suggest that the high-grade system at Granite Creek remains open for expansion in multiple directions.

Geological Significance of the Results

The Granite Creek deposit is characterized by structurally controlled gold mineralization hosted within favorable carbonate rock units. The new drilling confirms that gold-bearing structures continue at depth and laterally, supporting the potential for both near-term resource growth and longer-term mine life extension.

Geologists at I-80 Gold noted that the newly identified zones share similar geological and geochemical signatures with previously mined high-grade areas. This consistency increases confidence in future drilling success and reduces exploration risk.

Resource Expansion Potential

One of the most important implications of the new assay results is the potential to expand the existing mineral resource at Granite Creek. The current underground resource already boasts attractive grades, and the latest data indicates that additional ounces could be added with further drilling.

Resource expansion is a critical driver of value creation for gold mining companies. By increasing the size and quality of the resource, I-80 Gold enhances the economic viability of future mine development and strengthens its overall asset portfolio.

Strategic Importance Within I-80 Gold’s Portfolio

Granite Creek is one of several advanced-stage projects operated by I-80 Gold in Nevada. The company’s strategy focuses on developing multiple high-grade gold deposits that can support long-term production growth.

The underground project complements Granite Creek’s open-pit resources, offering flexibility in mine planning and the potential for staged development. High-grade underground mining can generate strong cash flow, particularly during periods of elevated gold prices.

Exploration Strategy and Ongoing Drilling

I-80 Gold continues to advance an aggressive exploration program at Granite Creek. The company is prioritizing targets that demonstrate strong structural controls, favorable host rocks, and proximity to existing underground infrastructure.

Ongoing drilling is designed to:

• Expand known high-grade zones
• Test new exploration targets identified through geological modeling
• Upgrade resource confidence through infill drilling

This systematic approach allows the company to balance near-term resource growth with longer-term exploration upside.

Infrastructure and Development Advantages

The Granite Creek Underground Project benefits from existing infrastructure, including underground access, surface facilities, and proximity to major transportation routes. These advantages can significantly reduce capital costs and accelerate the timeline to production.

Nevada’s established mining ecosystem also provides access to a skilled workforce, reliable power, and supportive local communities, all of which are critical for successful project development.

Economic Implications of High-Grade Mineralization

High-grade gold deposits are particularly attractive in today’s mining environment. Higher grades generally translate into lower operating costs per ounce and improved project economics.

The newly reported assay results at Granite Creek suggest that future underground mining could deliver strong margins, even under conservative gold price assumptions. This resilience is especially valuable during periods of market volatility.

Environmental and Regulatory Considerations

I-80 Gold operates within a strict regulatory framework designed to ensure environmental protection and responsible resource development. The company has emphasized its commitment to sustainable mining practices and regulatory compliance across all its projects.

At Granite Creek, exploration and development activities are conducted in accordance with state and federal regulations, with a focus on minimizing environmental impact and maintaining transparent communication with stakeholders.

Management Commentary and Corporate Vision

Company management has expressed strong confidence in the latest results, noting that they validate the geological model and support the long-term potential of the Granite Creek Underground Project.

Executives highlighted that Granite Creek is evolving into a cornerstone asset within I-80 Gold’s portfolio, with the potential to contribute meaningful production and cash flow in the future.

Comparison with Other Nevada Gold Projects

Nevada is home to numerous gold operations, but Granite Creek stands out due to its combination of high-grade underground mineralization and brownfield development potential.

Compared to greenfield projects, Granite Creek benefits from existing data, historical production, and infrastructure, reducing both technical and financial risk.

Market Context and Gold Industry Trends

The global gold market continues to be influenced by macroeconomic factors such as inflation, interest rates, and geopolitical uncertainty. In this environment, high-quality gold assets in stable jurisdictions are highly sought after by investors.

I-80 Gold’s focus on Nevada positions the company favorably within this broader market context, and the Granite Creek results further enhance its investment appeal.

Future Milestones and Upcoming Catalysts

Looking ahead, investors and stakeholders can expect several key milestones related to the Granite Creek Underground Project, including:

• Additional drill results from ongoing exploration programs
• Updated mineral resource estimates incorporating new data
• Advancements in mine planning and economic studies

Each of these milestones has the potential to further demonstrate the value of the project and drive positive market sentiment.

Risk Factors and Forward-Looking Statements

While the new assay results are highly encouraging, it is important to recognize that mineral exploration involves inherent risks. Geological complexity, market conditions, and regulatory processes can all impact project outcomes.

I-80 Gold continues to manage these risks through disciplined exploration, technical expertise, and prudent capital allocation.

Conclusion: A Strong Step Forward for Granite Creek

The newly reported high-grade assay results from the Granite Creek Underground Project mark a significant step forward for I-80 Gold. The data reinforces the potential for meaningful resource expansion and highlights the strength of the underlying geological system.

As exploration continues and additional results are released, Granite Creek is increasingly positioned as a high-quality asset capable of supporting long-term value creation. For I-80 Gold, these developments align closely with the company’s strategic goal of building a leading gold producer focused on high-grade assets in Nevada.

#I80Gold #GraniteCreek #GoldMining #NevadaGold #SlimScan #GrowthStocks #CANSLIM