The property interests also include private surface ownerships that will allow for the development of an open pit.
Midday Wednesday, i-80 Gold’s stock was up 2% on the TSE
The total consideration consisted of $10 million in cash and 2,430,488 common shares of i-80 Gold.
The Getchell project is located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka trend immediately south of Nevada Gold Mines’ Turquoise Ridge operation.
In 2021, the company plans to complete a Preliminary Economic Assessment and major drill programs, both on the surface and underground.
The goal is to advance the Pinson underground mine, currently under care and maintenance, to a production decision on an expedited basis.
Pinson is host to a high-grade resource that includes 190,000 ounces of gold (Measured & Indicated) at a grade of 10.49 g/t and 581,000 ounces of gold (Inferred) at a grade of 11.90 g/t making it one of the highest‑grade, fully permitted, gold deposits in North America.
Midday Wednesday, i-80 Gold’s stock was up 2% on the TSE. The company has a C$457 million market capitalization.
