i-80 Gold Corp. reported high-grade assay results from its Archimedes Underground Project, including 24.6 g/t Au over 23.6 meters, with development advancing on schedule toward first gold production in Q3 2026.
Key takeaways
High-grade assay results from Upper Archimedes drilling include 24.6 g/t Au over 23.6 meters, confirming mineralization continuity and potential extension beyond current resource boundaries.
Development at Upper Archimedes is advancing on schedule with 1,200 meters completed as of Q1 2026, permitting complete, and first gold production targeted for Q3 2026.
The Archimedes project hosts indicated gold mineral resources of 436,000 ounces at 7.6 g/t and inferred resources of 988,000 ounces at 7.3 g/t as of December 31, 2025.
Material from Archimedes is expected to begin feeding the Lone Tree processing plant by late 2027, subject to plant refurbishment completion, with interim processing through third-party toll milling.
A feasibility study and updated mineral resource estimate incorporating drilling results from both Upper and Lower Archimedes is expected to be completed in Q1 2027.
The company is evaluating integration of newly intersected oxide mineralization into the mine plan due to current gold price environment and existing heap leach pad availability.