Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Revival Gold (TSX-V: RVG) CEO Hugh Agro Increases Land Position to Nearly 6,000 Acres at Arnett Creek Gold Project

August 4, 2017

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Revival Gold (TSX-V: RVG), Mr. Hugh Agro. Hugh how are you this morning?

Hugh Agro: Excellent. Thanks, Gerardo. Great to be on the program with you.

Gerardo Del Real: Well thank you for coming back on so quickly. I wanted to have you back on because you had some news a few days ago that I took as pretty significant. You had a nearly 2,000 acre land position the last time we spoke. That land position has nearly tripled. It's now about 5,874 acres, so I wanted to talk with you about that and the significance there.

Hugh Agro: You bet. Well, happy to be back and it has been quite soon, but we've been active. As I told you when we first spoke, we're a company on the move. So, we expanded the land position at Arnett Creek in Idaho from 4,000 acres to about 5,900 acres. The objective with the program was to bring in the entire stock work at Arnett Creek, the host, the known mineralization. We see that as pretty prospective along the north contact and then in the south along the Arnett Creek Lineament. These are common places to find gold in a system such as Arnett Creek. We wanted to make sure we had the full land position there. Happily, we've been able to do it. It is a good milestone for us.

Gerardo Del Real: Excellent, now I understand there's several prospects on this new land position that you're looking at.

Hugh Agro: Yeah, there are. As I say, it's along the contact to the north where the intrusive rock that hosts the mineralization has emerged. Then along the lineament to the south, similar scenario. These are good places to find gold. There are indications of gold in some of the old prospecting that the old timers would have done on the property. Of course, this is a big placer area as well, so we know that there's been a lot of gold that's come out of here through placer.

So we'll be in the field this summer to prospect and map the new grounds and extend our knowledge beyond what we have already. It's basic blocking and tackling for an exploration and development company. But we're feeling pretty comfortable with the land position. There may be some other claims and interests that we'll pursue along the fringes, but really I think what we have right now is plenty to work with. We're excited to be getting in the field this season to be working away at that as part of our Phase One program at Arnett Creek.

Gerardo Del Real: Excellent, and right before I let you go, can we talk a bit about the data that you're looking at right now? I imagine that you have a good bulk of historic work to look at. Everything from metallurgical studies, obviously it's a past producing project, and there's several nearby past producing projects. Can we talk a bit about the data and the processing that's going on right now?

Hugh Agro: You bet. So there are over 200 drill holes into the Arnett Creek area. We have the data. It's unfortunately not in electronic form, which is part of the opportunity for us. We'll start working through that data, getting an electronic data base. The geologists will be able to work with that data a lot more readily and start their targeting exercises as part of our Phase One drill program. We'll be in with 2,000 meters. We're pursuing what's called a Plan of Operations with the Federal Authority, the U.S. Forest Service. We would expect to be in with permitting and, weather permitting, drilling in June of next season. The preparatory work, though, that we'll have to do in the summer or fall is quite extensive with that data. As you say, there's lots to work with there. We'll be at it hard over the next couple months with that.

You mentioned prospects in the area. Of course the great model for us is right next door. The Beartrack Mine, which operated in the ‘90s up until about 2000, produced about 600,000 ounces of gold from open pit heap leach. We're in a similar sort of situation with surface expressions of oxide mineralization. So we'll certainly be looking at that as a model for what we might do at Arnett Creek. In the area, there are other prospects of interest. As we get our team in the field and out and about, we'll certainly be looking at some of those as well. So that's sort of the spin-off benefit of having a solid team based in Salmon, Idaho and our presence there. So we'll be capitalizing on those opportunities.

Gerardo Del Real: Well, I'm looking forward to news from those events. I know you're working behind the scenes diligently. You've put together a heck of a team. Especially in light of the fact that you're working on properties where you have a lot of data available to you, and in light of the fact that you have a market cap of I want to say sub-$14 million as we speak. So a lot to look forward to. Hugh, thank you so much for coming on today, and again I hope to have you back on soon.

Hugh Agro: You bet. Thanks, Gerardo.

Gerardo Del Real: Thank you. 

View Interview Archive

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 22024.90 25.88
S&P 500 2468.11 3.50
NASDAQ 6345.11 12.095
TSX 15082.21 15.63
TSX-V 769.49 0.38

Resource Commodities

Name Last Change
Gold 1287.76 7.36
Silver 17.13 0.00
Copper 2.95 2.37%
Platinum 979.00 0.000
Oil 46.78 1.65%
Natural Gas 2.89 1.56%
Uranium 20.93 N/A
Zinc 1.33 0.0215

@RSDigest ON TWITTER