Drilling Expands High-Grade Mineralization In South Pacific Zone At Granite Creek

RENO, NV - i-80 GOLD CORP. reported on the first six holes drilled in 2022 to test the high-grade South Pacific Zone at the Company's Granite Creek Property ("Granite Creek" or "the Property") located in Humboldt County, Nevada.

The South Pacific Zone (SPZ) is a new zone of high-grade gold mineralization located immediately north of the underground mine workings at Granite Creek. Assay results from the first six holes drilled in 2022 to delineate and expand mineralization in the SPZ continue to demonstrate significant expansion potential. Hole iGS22-05 is the deepest hole drilled to test this horizon, intersecting an impressive 16.4 g/t gold (Au) over 15.3 meters (m) approximately 110 m down-dip of previous drilling and 50 m below iGS22-04. The SPZ remains wide open for expansion along strike and at depth.

Highlight results from 2022 drilling in the South Pacific Zone (and adjacent horizons): 1) 11.2 g/t Au over 9.0 m (0.33 oz/ton Au over 29.5 feet) in hole iGS22-02. 2) 11.2 g/t Au over 7.3 m (0.33 oz/ton Au over 24.0 feet) in hole iGS22-04. 3) 16.4 g/t Au over 15.3 m (0.48 oz/ton Au over 50.1 feet) in hole iGS22-05. 4) 11.2 g/t Au over 4.6 m (0.33 oz/ton Au over 15.0 feet) and 10.7 g/t Au over 4.6 m (0.31 oz/ton Au over 15.0 feet) in hole iGS22-06.

The SPZ is the priority target of the ongoing surface drill program at Granite Creek and will be included in a resource update following the 2022 program. Holes iGS22-01 and 03 were drilled to better define the upper limits of the SPZ and returned modest results, as was anticipated based on historic drilling. Holes iGS22-04, 05, and 06 were step-out holes at depth while hole iGS22-02 is a step-out along strike to the north. Continued step-out drilling to expand mineralization both along strike and at depth will continue throughout 2022.

"Drilling continues to expand high-grade mineralization in the South Pacific Zone that remains wide open for expansion both along strike and at depth," stated Tyler Hill, Senior Geologist of i-80. "Broad intercepts at depth demonstrate the significant upside opportunity and drilling in 2022 will continue to step-out along strike to the north towards the property recently acquired from Nevada Gold Mines. We are also extending the decline in order to accelerate the development of underground workings towards the SPZ."