i‑80 Gold Corp. reported a 24.6 g/t gold intercept over 23.6 m from a recent drill hole at the Archimedes underground project on the Ruby Hill property. The high‑grade intercept confirms the presence of a sulfide‑rich ore body and supports the company’s plan to expand the resource base at Archimedes.
The 24.6 g/t figure is well above the company’s historical average for the Archimedes zone and aligns with the high‑grade targets set in the March 31 2025 preliminary economic assessment. While the company has not released specific historical averages, the intercept demonstrates a significant improvement over past results and validates the high‑grade potential identified in the PEA.
The result is a key milestone in i‑80 Gold’s hub‑and‑spoke strategy, in which material mined at Archimedes will feed the Lone Tree processing plant. The high‑grade assay strengthens the company’s confidence in the scale and continuity of mineralization, providing a solid foundation for further drilling and development and reinforcing the broader potential of the project.
i‑80 Gold plans to release an updated resource estimate and a full feasibility study for Archimedes in the first quarter of 2027. The company also expects first gold from Upper Archimedes in the third quarter of 2026, with material from Archimedes and Granite Creek feeding the Lone Tree plant by late 2027 once the plant refurbishment is complete.
Vice President of Geology Tyler Hill said, “Drilling continues to return consistent and positive results that are improving our confidence in both the scale and continuity of mineralization at Archimedes. These results provide a solid foundation for ongoing development, and reinforce the broader potential of the Project.”
As of December 31 2025, Archimedes hosts an indicated gold resource of 436,000 oz at 7.6 g/t and an inferred resource of 988,000 oz at 7.3 g/t. The company has completed approximately 1,200 m of underground development and is on schedule to advance the project toward production.
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