i-80 Gold completes acquisition of Getchell project in Nevada; shares up

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.

Open-pit mining occurred on the property between 1980 and 1999 and underground test mining was conducted in the early 2010s. The Project currently hosts both high-grade open-pit and underground.

“The Getchell project will be the focus for the company in 2021 with a +22,000 metre drill campaign designed to upgrade and expand mineralization within both the underground and open-pit horizons,” said i-80 in a press release.

The company is currently progressing work on a Preliminary Economic Assessment for the project that is expected to be released during the current quarter.

The gold miner debuted on the Toronto exchanged on Tuesday.

Midday Friday, i-80’s stock was up 5% on the TSE. The company has a C$412 million market capitalization.

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