Drilling to Expand Idaho’s Largest Past-Producing Gold Mine as Met-Work Continues

Revival Gold (TSX-V: RVG)(OTC: RVLGF) — currently trading around C$0.70 per share — has completed the initial stage of heap leach metallurgical test work for its flagship, 3 million ounce Beartrack-Arnett Gold Project, Idaho.

Revival CEO, Hugh Agro, commented via press release:

“While continuing to drill, Revival Gold is taking steps to optimize and de-risk its first phase heap leach plans for Beartrack-Arnett. Today’s initial results from this year’s heap leach metallurgical program are encouraging and generally consistent with, or more favourable than, the recovery assumptions used in our PEA. Final results from the current metallurgical program, including results from the column tests underway, along with results from the past two year’s exploration drilling, will establish the foundation for a mineral resource update in early 2022, a PFS by the end of 2022 and, potentially, a subsequent decision to proceed with the first phase restart of heap leach gold production at Beartrack-Arnett.” 

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. 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.

Drilling is underway at the Haidee heap leach target area with two rigs combining on a 2,500 meter, 11-hole program.

The Haidee zone — which boasts a mineral resource of 144,000 oz/Au Indicated plus Inferred — remains open in all directions and offers the potential to significantly increase the mine life and reduce the expected strip ratio for the planned first phase heap leach operation at Beartrack-Arnett.

Drilling just recently wrapped up at the Joss Zone resulting in a new high-grade gold discovery that will be included in the upcoming resource update slated for Q1 2022.

With the drills turning at Haidee, Revival will be simultaneously moving into the second stage of metallurgical test work, which will include column tests on oxide, transition, and sulphide mineralization from Beartrack and oxide mineralization from Arnett. 

I’ll leave it there for now because our own Gerardo Del Real of Junior Resource Monthly caught up, in person, with Revival CEO, Hugh Agro, at this month’s Precious Metals Summit held in beautiful Beaver Creek, Colorado, for an exclusive video interview you can watch here

Inside, Gerardo and Hugh discuss the new discovery at the Joss Zone, the excellent infrastructure onsite, the current drilling at the Haidee target area and pending heap leach production scenario, and the overall opportunity.

Please enjoy that interview.

Be sure to also click here for a short video clip where Gerardo goes over a few of the key advantages his subscribers enjoy monthly — including specific buy-sell signals and upcoming catalysts across a variety of metals — and why he believes Q4 is shaping up to be one of the most profitable quarters he’s seen in the junior resource space. 

CLICK TO PLAY

And 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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