i-80 Gold intersects 1.33 g/t Au and 39.2 g/t Ag over 225.6 m at Mineral Point

Canada NewsWire

TORONTO , Sept. 22, 2026 /CNW/ -- i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU) ("i-80 Gold", or the "Company") is pleased to announce initial drill results from the ongoing 2026 infill drilling campaign at the Mineral Point open pit heap leach project ("Mineral Point" or the "Project"). Mineral Point is a large-scale, advanced-stage oxide gold-silver project and hosts the largest gold and silver mineral resource in i-80 Gold's portfolio. It is also one of the largest undeveloped bulk-mineable gold-silver resources in Nevada and represents a key driver of anticipated future production growth for the Company.

The Project is located on the Company's wholly owned Ruby Hill property in northeastern Nevada, USA, along the Battle Mountain-Eureka gold trend (see Figure 1 in Appendix). The Ruby Hill property also includes the Archimedes underground project, the Company's second planned underground mine which is currently under construction and is anticipated to begin gold production in the fourth quarter of 2026.

Results of a preliminary economic assessment covering the Mineral Point Project ("2025 PEA") were published in February 2025, which outlined a 17-year mine life with annual gold equivalent production of approximately 280,000 ounces following ramp-up, with a base case after-tax net present value (5% discount rate) of $614 million and internal rate of return of 12% at gold and silver prices of $2,175 per ounce and $26 per ounce, respectively (or a net present value of $2.3 billion and internal rate of return of 29% at gold and silver prices of $3,000 per ounce and $35 per ounce, respectively). (To view the related press release dated February 21, 2025, click here ).

Highlights From Initial Drill Results

1.33 g/t Au and 39.2 g/t Ag over 225.6 m in hole iMP26-07

1.70 g/t Au and