“The geological setting being defined in the Eureka district is truly the most unique I have witnessed in my career,” i-80 CEO Ewan Downie said in a news release.
“In the immediate area surrounding the Archimedes pit, we have identified oxide gold, Carlin-type refractory gold, base metal skarn and polymetallic carbonate replacement mineralization,” Downie said. “Older mineralizing events are often overprinted by Carlin-type mineralization resulting in precious metal rich deposits not found elsewhere in the Great Basin. We have intersected high-grade mineralization in every one of our targets tested in 2022, all of which remain wide open for expansion.”
Downie added that the expanded property has “the potential to host a world-class polymetallic deposit with enhanced potential for further discoveries.”
As consideration, Paycore shareholders would receive 0.68 of an i-80 common share for each share held, representing…
