Gold Discovery-Zone Expansion Plus Pending Mine Restart at Idaho’s Largest Past Producer

Revival Gold (TSX-V: RVG)(OTC: RVLGF) — currently trading around C$0.75 per share — has released additional assays from a new discovery area at the Joss zone at its flagship Beartrack-Arnett Project, Idaho, confirming an extension of high-grade gold mineralization.

Highlights include:

  • 2.84 grams per tonne (g/t) gold over 50 meters; including

                    • 6.79 g/t gold over 6 meters, and

                    • 12.6 g/t gold over 1.2 meters

That hole was drilled on strike 180 meters north of last month’s discovery hole, which intersected:

  • 2.67 g/t gold over 84.6 meters; including

                    • 11.79 g/t gold over 2.5 meters, and

                    • 5.36 g/t gold over 5.8 meters

Revival is awaiting assays on an additional hole, which intersected a zone of fracture-controlled sericite alteration, drilled 400-meters south of the southernmost hole at Joss.

As mentioned, Joss represents a new discovery area at Beartrack-Arnett and will be included in an updated Mineral Resource slated for completion in the first quarter of next year.

With this season’s drilling now wrapped up at Joss, that rig has now been mobilized to the Haidee heap leach gold target area where a total of two rigs are combining on a 2,500 meter, 11 hole program.

The Revival team is working toward a potential first-phase mine restart at Haidee which already boasts a Mineral Resource of 144,000 oz/Au Indicated plus Inferred.

Revival CEO, Hugh Agro, commented via press release:

“We are thrilled to have intersected another broad interval of gold mineralization with high-grade intercepts in the Joss area. Results from BT21-238D are consistent with the impressive intercepts from BT21-237D located 180 meters to the south. These results are entirely beyond the existing mineral resource at Beartrack-Arnett and provide further evidence of the high grade and continuity of mineralization at Joss.”

As you may recall, Beartrack-Arnett hosts a current resource estimate of 1.35 million ounces at 1.16 g/t gold Indicated and 1.64 million ounces at 1.08 g/t gold Inferred for a total of 2.99 million gold ounces.

Beartrack Mine

The Beartrack Mine, itself, is a past-producing open-pit with historic production of ~600,000 gold ounces — making it the largest past-producing gold mine in the state of Idaho.  

Now is an opportune time to be taking a closer look at Revival Gold with its sub-C$55 million market cap, a brand new discovery area at Joss, a potential restart of heap leach gold production at Haidee with multiple rigs turning, and a Mineral Resource upgrade just around the corner.

Our own Gerardo Del Real of Junior Resource Monthly has been tracking all of the late-breaking drill activity at Beartrack-Arnett — including multiple exclusive interviews with Revival CEO Hugh Agro — for his subscribers. 

In his most recent Junior Resource Monthly issue, Gerardo covers the significance of the new high-grade discovery zone at Joss. He also reiterates his “Strong Buy” rating on Revival shares. 

CLICK TO PLAY

Click here for a short video clip where Mr. Del Real covers just a few of the key advantages his subscribers enjoy every single month — including specific buy-sell signals and upcoming catalysts across a variety of metals — and why he believes Q4 is setting up to be one of the most profitable quarters he’s seen in the junior resource space. 

Also click here for our feature 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 readers.


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