New High-Grade Results From Underground Drilling At McCoy-Cove Property

RENO, NV - i-80 Gold Corp reported positive initial results from underground drilling at the McCoy-Cove Property (Cove) located in Lander County, Nevada. The ~40,000 meter drill program is primarily designed to provide additional delineation to upgrade resources in the Helen and CSD Gap Zones in advance of completing an updated resource estimate and a full feasibility study.

"Having not drilled the Cove deposit since 2018 as mine permitting was being advanced, many may have forgotten that it is one of the highest-quality deposits within i-80's portfolio.", stated Ewan Downie, CEO of i–80 Gold.  "Our early results in the CSD Gap Zone confirm high-grade mineralization that makes Cove one of the highest-grade development-stage gold deposits in North America."

Cove is one of three projects currently being advanced to realize the Company's goal of becoming the second largest gold producer in Nevada. In addition to the ongoing underground drill program, that is expected to comprise ~40,000 meters of drilling, the ongoing exploration and development program will also include hydrological and metallurgical test work in advance of completing a Feasibility Study following the underground definition drill program.