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i-80 Gold Releases Results of a Scoping Study for the Ruby Hill Processing Plant
i-80 Gold Releases Results of a Scoping Study for the Ruby Hill Processing Plant ...
About this update from I-80 Gold Corp
[{"type":"text","content":"\n \n \n \n i-80 Gold Releases Results of a Scoping Study for the Ruby Hill Processing Plant\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n RENO, Nev.\n \n \n ,\n \n \n Nov. 7, 2022\n \n \n /CNW/ -\n \n i-80 GOLD CORP.\n \n (TSX: IAU) (NYSE: IAUX)\n \n (\"i-80\", or the \"Company\")\n \n is pleased to announce the results of a Scoping Study completed by DRA Americas Inc.\n \n (\"DRA\")\n \n that was commission by the Company to provide preliminary capital and operating cost estimates for the potential restart of the existing Ruby Hill mill and leach circuits to operating status.\n \n \n The study was completed in two Parts to consider processing of oxide gold and/or base metal mineralization. Part 1 was to provide a preliminary estimate of capital and operating cost required for the potential restart of the existing process facilities at Ruby Hill for the processing of oxide mineralized material. Part 2 was to provide a preliminary estimate of the capital and operating cost required for converting the process plant from a mill/leach facility processing oxide gold mineralized material to a base metal flotation plant producing two concentrates (lead/silver and zinc concentrates). Capital estimates for the possible restart and conversion of the mill facility were developed at AACE Class 5 (Order of Magnitude) level, consistent with industry best practices for scoping studies. The Study was not specifically based on mineralized material from the Company's projects.\n \n \n \n Highlight of the Study include:\n \n \n \n \n A preliminary estimate of\n \n US$8.9 Million\n \n in capital, including contingency, indirects and EPCM costs for the restart to process oxide material\n \n \n A preliminary estimate of\n \n US$65.7 Million\n \n in capital, including contingency, indirects and EPCM costs for the conversion to a floatation plant producing two concentrates (Part 2)\n \n \n \n Drilling programs completed at Granite Creek and Ruby Hill have identified more high-grade oxide mineralized material than anticipated. At Granite Creek, ...