Categories: Precious Metals
Topics: General Precious Metals

Revival Gold (TSX-V: RVG)(OTC: RVLGF) CEO Hugh Agro on 4+ Million Ounces in a Gold Bull Market

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Revival Gold, Mr. Hugh Agro. Hugh, I know you're coming off a very, very busy week and a half. Frankly, it's been a busy year. We talked a bit off-air. Be careful what you wish for. I think we got us a gold market.

Hugh Agro: Yeah. It's a busy time, and I think this is what we've all been waiting for.

Gerardo Del Real: Well, let's get right into it. Gold has surged over $44 as we speak. You just provided an update, which was just very, very timely a few weeks back on the Beartrack-Arnett pre-feasibility study. There was a lot in that release that I wanted you to provide some context on because I know, oftentimes, when there's a release that's very technical in nature, it can go over people's heads, frankly. There was so much information in that specific release that I wanted to go a little bit at a time. One thing that stood out immediately to me was the objective to see average production in the pre-feasibility study at 65,000 to 70,000 ounces of gold per year over a seven to nine-year mine life. I thought maybe we could start there. Then. Let's talk potential upside because there's a lot of blue sky.

Hugh Agro: Thank you, Gerardo. As you know, we have one of the biggest discoveries of gold in the US in the past decade, a top gold discovery. The question is how do we slice this cake? We're starting with this first phase heap leach aspect of the project, as you point out 65/70,000 ounces a year of gold. It's a relatively straightforward restart of the existing infrastructure on the site. I cannot highlight that enough.

This is going to be a relatively straightforward process so we can get this gold production in this gold cycle. We're taking all the steps to make that come to fruition: trade-off studies to be able to optimize what we're doing in terms of the positioning of the leach pads and the crusher stations and so on, drawing packages so that we get the right bidding for the work components related to the project, power studies... Of course, we have an existing power line, 69 kV service, but we've got to make sure that we've got the power that's going into the line in the right format and the right sequence of transformers and all of those sorts of things, to upgrade that facility. Then, we've got water balancing. I mentioned bid packaging. We've got the right steps for construction and value and costs estimated, and all of that rolling up into our PFS plan. We're on track. We're on budget for completing that work program. We'll have results out mid-year.

Gerardo Del Real: Mid-year, I believe, is going to be the sweet spot for when retail understands that this crisis that we have in the banking system, although, right now, it's relatively isolated to the smaller regional banks, is likely not going to be the last time that we see financial instability. I think a lot of people are going to get a really, really timely reminder of why gold belongs in everybody's portfolio. I talked a bit about the blue sky upside with Revival Gold. You mentioned having one of the largest discoveries in North America. The infrastructure is top-notch. The management team is top-notch. Tell me about the exploration upside, Hugh, because that's pretty significant despite the fact that you have four-plus million ounces. I'll speculate there's a good several million ounces still to be discovered.

Hugh Agro: We've had a lot of interest in the project, particularly starting to come from the bigger corporates. I don't think this should be a surprise. A lot of these companies are making really good money at current gold prices. They're looking for ways to ensure that they have ore supplies for future production. We've talked about this in the past. But there is a shortage of quality gold projects. Beartrack-Arnett is turning into one of the more spectacular finds. We ended last year with drill results, like 14 meters of 12 grams, 12 meters and nine grams, 11 meters of 10 grams, 10 meters of six grams in our Joss area at Beartrack. These are the results that really get folks interested.

Of course, we've got open deposits in the oxide aspect of the Beartrack-Arnett project in our Haidee satellite deposit last year. With the results just coming out in January, we've got a gram and a half outboard of the existing deposit, five grams over 10 meters in the Northeast, which could point to a feeder zone at that project. Deposits are open. We've got lots of exploration potential. The important thing is people are starting to take notice. I think you're seeing that in our stock price, which is up and trading very favorably relative to our peers over the last 12 and 24 months.

Gerardo Del Real: It should be an exciting rest of the year. Hugh, I'm looking forward to having you back on. Great catching up. Anything to add to that?

Hugh Agro: Thanks, Gerardo. We'll see you on the back of more results.

Gerardo Del Real: All right. Chat soon. Thank you.

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