Drills Set to Spin at High-Grade Idaho Gold Project

by Mike Fagan

Mike Fagan


Revival Gold (TSX-V: RVG)(OTC: RVLGF) — currently trading right around C$0.75 per share — has announced plans for 5,000 meters of infill and exploration drilling at its flagship Beartrack-Arnett Gold Project, Idaho, commencing in May.

Additionally, the company is working toward an updated mineral resource along with the potential restart of heap leach gold production [~72,000 ounces per annum] from existing infrastructure at Beartrack-Arnett. 

Revival continues to hit on its drilling — including 2.29 g/t gold over 45.7 meters at the Joss Zone — as it works toward the delineation of a high-grade core extending approximately 500 meters below surface with possible extensions along 5 kilometers of strike length.

Revival Gold president & CEO, Hugh Agro — whom you’ll be hearing more from in a moment — commented via press release:
 

"Following up on last year's successful preliminary economic assessment and exciting high-grade drilling results at Joss, this year's activities will focus on critical path fieldwork for the potential restart of heap leach gold production from existing infrastructure at Beartrack-Arnett. Meanwhile, we will continue to drill to build on the quality and quantity of the project's already impressive mineral endowment. Revival Gold's 2021 work plan will set the foundation for an early 2022 mineral resource update, a prefeasibility study, and a late 2022 potential decision to proceed with the first phase restart of gold production at Beartrack-Arnett.”


About half of the planned 5,000 meter drill program will focus on the oxide heap leach material at the Haidee Zone with the balance focused at Beartrack where a kilometer-plus of strike length has been delineated from the South Pit area through to the south end of the Joss Zone.

For speculators, it’s all hands on-deck at the 3 million ounce Beartrack-Arnett Gold Project including the start of metallurgical test work and the initiation of baseline environmental studies to go along with the upcoming summer drill program.

Our own Gerardo Del Real of Junior Resource Monthly sat down with CEO, Hugh Agro, for an in-depth discussion on all-things Revival. Click here to list to the interview (transcript available). Enjoy!

Be sure to also click here for our most recent report on Revival Gold.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest
 


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.