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United States

Mineral Point Project

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Summary

Mine TypeOpen Pit
Study CompletedPreliminary Economic Assessment
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
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SnapshotMineral Point is a component of the broader Ruby Hill Complex. The Project is an open pit heap leach project and is an extension of the historically mined Archimedes open pit, which was a major past-producing asset. Mineral Point contains a large oxide gold and silver deposit, as well as multiple base metal deposits, and has the potential to become the i-80 Gold Corporation's largest gold producing asset.

Processing infrastructure at Ruby Hill includes a primary crushing plant, grinding mill, leach pad, and carbon-in-column circuit, as well as associated mining infrastructure. Some of the existing facilities are expected to be utilized for Mineral Point, however new crushing, a Merrill Crowe plant and heap leach facilities will be required.

The Mineral Point deposit drill program is expected to begin in the third quarter of 2025 to support geotechnical, metallurgical and hydrology studies for baseline data to advance the permitting and technical reports for the project.

Owners

SourceSource
CompanyInterestOwnership
i-80 Gold Corp. 100 % Indirect
The Ruby Hill Complex is owned by Ruby Hill Mining LLC and Golden Hill Mining Corporation, both are wholly owned subsidiaries of i-80 Gold Corp.

Deposit type

  • Breccia pipe / Stockwork
  • Replacement
  • Intrusion related
  • Hydrothermal

Summary:

The Mineralization at Ruby Hill is characterized by intrusion-related distal-disseminated, carbonate replacement, and skarn deposits that have been overprinted by younger Carlin-type gold mineralization.

The carbonate replacement mineralization is similar to other polymetallic (Pb-Zn-Ag ± Au) deposits found worldwide that are spatially associated with Cretaceous age intrusive units (Cox and Singer, 1987; Megaw et al.,1988; Plumlee et al., 1995; Titley 1993 cited in Hammarstrom, 2002; and Kamona, 2011). The carbonate replacement mineralization consists of massive to semi-massive pyrite, galena, sphalerite, and other sulfides typically with sharp boundaries into barren marble. Locally, mineralization is oxidized into gossanous bodies. Fluids are sourced from intrusions, with metals in bisulfide complexes at temperatures of 250°-500°C, with the depositional mechanism typically being a pH change that results in rapid deposition of metals (Beinlich et al., 2019).

Ore grades of gold and silver with elevated concentrations of zinc, lead, and copper and are found in the Mineral Point Trend. This mineralization is attributed to the earlier Cretaceous age of mineralization and is found predominately in the Hamburg dolomite. Ore fluids were likely similar to Carlin-type fluids and resulted in the formation of collapse breccias and an associated geochemical signature including arsenic, antimony, thallium, and mercury. Distal-disseminated deposits share many similarities to Carlin-type deposits as the hydrothermal fluids are analogous. However, distal disseminated deposits typically occur within 5 km of an intrusion, have an association with base metals, and show a zonation pattern outward from the intrusive source. Examples include Lone Tree, Cove, and Star Pointer (Nevada), Mercur and Barneys Canyon (Utah), Jeronimo (Chile), Bau (Malaysia), Mesel (Indonesia), and Zarshuran (Iran) (Hill, 2016).

Gold-silver mineralization at Mineral Point is dominantly oxide in nature with small, but higher-grade refractory material (Loranger, 2013). Mineralization is predominantly hosted within the Hamburg Dolomite and consists of decarbonatized dolomite and breccias composed of silicified and oxidized clasts of dolomite in a fine grained dolomite and silica matrix. Locally breccias are gossanous where a higher percentage of original pyrite existed. Higher grade breccia zones are cut by late, multistage quartz veins (Loranger, 2013). Mineralization also occurs along the upper contact into the overlying silicic altered Dunderberg Shale which hosts oxide and sulfide minerals.

The main mineralized zone at Mineral Point is roughly elliptical in shape, NNW-trending, and is approximately 10,000 ft in length, 2,400 ft wide, and approximately 500 ft thick. The mineralization extends from approximately 240 to 1,400 ft below surface.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnitsAvg. AnnualLOM
Gold Payable metal oz 3,525,863
Gold Metal in doré oz 3,529,392
Silver Payable metal oz 71,668,145
Silver Metal in doré oz 72,028,286
Gold Equivalent Metal in doré koz 2684,432

Operational metrics

Metrics
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* According to 2024 study.

Production Costs

CommodityUnitsAverage
Credits (by-product) Gold USD  ....  Subscribe
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All-in sustaining costs (AISC) Gold USD  ....  Subscribe
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* According to 2024 study / presentation.
** Net of By-Product.

Operating Costs

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* According to 2024 study.

Project Costs

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OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 1,542
G&A costs $M USD 296.6
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Personnel

Mine Management

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Workforce

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