A July 9 research note indicated that Echelon Wealth Partners selected Revival Gold Inc. (RVG:TSX.V) as a Top Pick based on expectations for its 2018 drill program that aims to expand the resources at Beartrack in Idaho. The company plans to drill 8,000 meters along the Panther Creek Fault, which primarily hosts Beartrack's mineralization and which is open along strike and at depth. Analyst Gabriel Gonzalez wrote, "We believe there is good potential for the company to add resources to the recently announced 1.98 million ounce (Indicated plus Inferred) resource estimate."
Gonzalez listed the positive attributes of this gold exploration and development company. For one, Revival has strong assets, including Beartrack, which produced more than 600,000 ounces between 1995 and 2001, and Arnett Creek.
Revival has good optionality to an increasing gold price at Beartrack. Along with the existing 1.98 million ounces of mineral resources in a pit there, it has 488,000, or 25% more, ounces, contained in a 0.4 gram/ton cutoff pit shell. "The base case resource uses a 45-degree pit wall, which we believe through optimization could bring additional resource blocks into the pit design, particularly near surface and along strike to the north and just below the south pit," explained Gonzalez.
Revival is led by an experienced team, including Hugh Agro as CEO and Steve Priesmeyer as vice president of exploration, and board of directors, including Diane Garrett, who sold Romarco Minerals for US$550 million, and Wayne Hubert, who sold Andean Resources for CA$3.5 billion.
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