Revival Gold (TSXV:RVG) Provides Exploration Updates After Completing Drill Program at the Beartrack-Arnett Gold Project

Beartrack-Arnett. Source: Revival Gold Inc.

Revival Gold (TSXV:RVG) has concluded its 2022 drill program at the Beartrack-Arnett Gold Project in Idaho, USA. The program included 22 core holes for a total of approximately 5,500 metres. In September, results from the first two core holes from the 2022 program confined the continuity of potentially underground mineable grades within a broad zone of gold mineralization in the Joss target area and further emphasized the depth and scope of mineralization at Beartrack-Arnett. 

The Joff target area extends over a strike of 1,000 metres, and has now been drilled to a depth of over 500 metres and is open in all directions. Intercepts for the 20 core holes completed at Joss to-date average 7.7 g/t gold over 5.5 meters drilled width within a broader zone of 2.8 g/t gold over 45.5 meters drilled width.

Hugh Agro, Revival Gold’s President & CEO, commented in a press release: “Revival Gold’s exploration team is to be commended for wrapping up another safe and productive drilling campaign at Beartrack-Arnett this year with exciting results from Joss and the completion of all planned drilling in the Haidee area to support next year’s PFS. Further assay results are expected later this month and into the new year. We look forward to building on 2022’s great results in the drilling campaigns to come.”

The company completed two more core hols this year for a total of four, and 2,600 metres on the main Beartrack-Arnett mineralization trend. One is in the South Pit target area and one more hole is in the Joss target area. Hole BT22-243D is intended to extend high-grade mineralization at the southern end of the South Pit and hole BT22-244D is intended to expand on high-grade intervals from the 2018 drilling program. 

Revival Gold also completed 18 infill and expansion core holes for 2,900 metres in the near-surface, oxide material of the satellite deposit in the Haidee target area. The company intends these holes to upgrade the Inferred Resources to Indicated Resources. This would then extend the existing Mineral Resource to the southwest, or down-dip, direction. Assay results from Haidee may be available in the next three months, with mineralization at the site remaining open in all directions. 

Currently, Revival is shifting exploration activities to the review and interpretation of drilling results. It would also update the Beartrack-Arnett geological and mineral resource models. This is aimed at supporting the planned 2023 first phase heap leach Preliminary Feasibility Study and any other plans the company will create for future drilling.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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