07:09 AM EDT, 04/15/2024 (MT Newswires) -- i-80 Gold Corp. ( IAUX ) , which at last look had gained 1.7% in US pre-market trading, on Monday released results from 2023 drilling to define the Helen Zone at the McCoy-Cove property in Nevada.

According to a statement, the Helen Zone is the first horizon expected to be accessed at the Cove mine. Highlights of the new results include 29.6 g/t gold over 7.2 meters, 18.7 g/t gold over 8.3 meters & 37.2 g/t gold over 3.7 meters.

Three of the new holes were drilled to only intersect the Upper Helen mineralized horizon that typically contains thinner mineralized zones when compared to the Lower Helen, the company said.

"Results received to-date continue to confirm that Cove is one of the highest-grade, development-stage, gold deposits in North America," said Tyler Hill, chief geologist of i-80 Gold ( IAUX ). "New results continue to return significant high-grade gold mineralization, consistently in excess of ten grams per tonne gold."

The McCoy-Cove property is located in the Battle Mountain Trend south of Nevada Gold Mines' Phoenix mine and i-80 Gold's ( IAUX ) Lone Tree processing facility.