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Craig Hemke at Sprott Money: Comex prices into year-end
By Craig Hemke
Sprott Money, Toronto
Tuesday, November 15, 2022
The year 2022 hasn't played out as expected, but as the year draws to a close, the clouds are parting and a vision for 2023 comes into focus.
What did we know about 2022 when the year began?
... Dispatch continues below ...
... ADVERTISEMENT ...
i-80 Gold Hilltop Discovery Yields Bonanza-Grade CRD Mineralization
Company Announcement
Monday, November 14, 2022
RENO, Nevada -- i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) reports results from the first four holes drilled to follow up the recently discovered Hilltop Zone that have confirmed high-grade, polymetallic carbonate replacement deposits at the company's 100%‑owned Ruby Hill property in Eureka County, Nevada.
The discovery hole in the Upper Hilltop Zone returned an impressive 515.3 g/t silver, 28.9 % lead, 10.5 % zinc, and 0.9 g/t gold over 28.3 meters in hole iRH22-43. Results contained in this release are from the first four core holes drilled to follow up this discovery and additional drilling is being completed in both the Upper and Lower Hilltop horizons with assays pending.
Highlight results from recent core drilling in the Upper Horizon at the Hilltop target include:
iRH22-51 -- 33.0 g/t gold, 3,010.0 g/t silver, and 63.5% Pb over 0.6 meters and 3.1 g/t gold, 683.3 g/t silver, and 37.6% lead over 14.6 meters.
iRH22-53 -- 1.9 g/t gold, 631.3 g/t silver, 7.4% zinc, and 33.0% lead over 18.3 meters.
iRH22-54 -- 0.6 g/t gold, 374.1 g/t silver, 3.9% zinc, and 20.2% lead over 20.8 meters.
iRH22-55 -- 60.2 g/t gold, 908.7 g/t silver, 1.1% zinc, and 15.7% lead over 10.0 meters, including 83.2 g/t gold, 1,261 g/t silver, 1.5% zinc, and 22.1% lead over 7 meters.
Owing to this successful drilling at the Hilltop Zone, the program at Ruby Hill has again been expanded to facilitate additional step-out drilling at this target. In addition to the Upper Horizon, drilling is testing the Lower Horizon (assays pending), where the initial hole intersected multiple zones of mineralization including 238.8 g/t silver, 11.0% zinc, and 9.0% lead over 9.4 meters and 469.5 g/t silver, 11.8% zinc, and 18.2% lead over 2.1 meters.
"We believe that the grades of mineralization at Ruby Hill are truly world-class and the Hilltop Zone ranks among the highest-grade new discoveries being drilled anywhere on the planet,” i-80 CEO Ewan Downie said. ...
... For the remainder of the announcement:
Not much. In fact, as we stated in our annual macrocast --
-- the only thing we knew for certain about 2022 was that it would be "wildly volatile and unpredictable." Boy, did that ever turn out to be the case.
My expectation was that the Fed would pivot by late summer and that this would lead to a strong finish to 2022 in the Comex digital metals. But I was wrong about two things in the interim. ...
... For the remainder of the analysis:
https://www.sprottmoney.com/blog/COMEX-Prices-Into-Year-End-November-15-2022
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