i-80 GOLD CORP. (TSX: IAU)
( i-80 , or the Company ) is pleased to announce that it has completed a property acquisition with members of the Christison family and Seven Dot Cattle Co. LLC to secure mineral and surface interests at the recently acquired Getchell Project in Humboldt County, Nevada.
The lands acquired include an approximate 42% interest in certain claims that host a significant portion of the open pit resource at Getchell and the potential extension of the Pinson underground deposit. The property interests also include private surface ownerships that will allow for the development of an open pit. Lastly, i-80 is acquiring an additional land section that will provide additional area that can be used for locating important infrastructure.
PREMIER GOLD MINES LIMITED ( Premier , the Company ) (TSX: PG) (OTCPK: PIRGF)
is pleased to announce that a large-scale drill program, with more than 20,000 metres of surface and underground drilling planned, has commenced at the Company s Getchell Project ( Getchell or the Property ) in Nevada.
The Getchell Project hosts both open pit and underground resources and is strategically located proximal to Nevada Gold Mines Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The resources at Getchell include 1.464 Million ounces of gold in the Measured and Indicated category and 0.646 Million ounces in the Inferred category.
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i-80 Gold Corp., together with its wholly-owned Delaware subsidiary Premier Gold Mines USA, Inc. (PG USA), has completed a purchase agreement with affiliates of Waterton Global Resource Management, Inc. to acquire from Waterton all of the outstanding membership interests of Osgood Mining Company LLC, for consideration consisting of US$50 million in cash and common shares, plus contingent value rights and warrants.
Osgood is the owner of the Getchell Project in the Getchell gold belt near Winnemucca, Nevada. The Getchell Project is located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka trend immediately south of Nevada Gold Mines’ Turquoise Ridge operation. Open pit mining occurred on the property between 1980 and 1999 and underground test mining (the Pinson Mine) was conducted in the early 2010s. The project currently hosts both a high grade open-pit and underground deposits, and the Pinson Mine has been in care and maintenance since 20
i-80 Gold acquires Getchell Project in US for $50m 16 April 2021 (Last Updated April 16th, 2021 12:48)
i-80 Gold has acquired the Getchell Project in the Getchell gold belt near Winnemucca, Nevada, US, for a $50m consideration in cash and common shares.
Open-pit mining operations were carried out on the Getchell property between 1980 and 1999. Credit: Khusen Rustamov from Pixabay.
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i-80 Gold has acquired the Getchell Project in the Getchell gold belt near Winnemucca, Nevada, US, for a $50m consideration in cash and common shares.
The deal was signed by i-80 Gold, together with its subsidiary Premier Gold Mines USA, (PG USA) with affiliates of Waterton Global Resource Management.