i-80 closes Getchell acquisition

Nevada-focused mining operator i-80 Gold said April 15 it completed its acquisition of the Getchell gold project near Winnemucca.

The company, along with wholly owned subsidiary Premier Gold Mines USA, took over the interests of Osgood Mining, owner of the project in the Getchell gold belt. The transaction was a cash-and-share deal worth $50 million.

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 via the Pinson mine was conducted in the early 2010s. Pinson has been in care and maintenance since 2015.

“The Getchell Project will be the focus for the company in 2021, with a +22,000 metre drill campaign designed to upgrade and expand mineralization within both the underground and open pit horizons,” the company said, adding that work is now in process for the site’s Preliminary Economic Assessment.

“Permitting for the purposes of developing an open pit at Getchell is expected to be initiated in the near future,” executives added, and said it is aiming to advance Pinson’s development within the coming year.