Mike Fagan,
Editor
June 15, 2022
Revival Gold (TSX-V: RVG)(OTC: RVLGF) — currently trading around C$0.58 per share — has resumed drilling at the high-grade Joss target area of its flagship, four-million-ounce Beartrack-Arnett gold project, Idaho.
This is a key focus area for Revival as previous drilling at Joss has consistently returned values in the 4 to 11 g/t Au range across true widths between 1 and 5 meters. Previous intercepts include 4.3 g/t Au over 110 meters. The plan is to drill around 2,000 meters across three holes at Joss.
Upon completion of that portion of the program, the drill rig will move to the Haidee open pit heap leach resource area where approximately 2,000 meters of infill and expansion core drilling are planned. The summer program will then wrap up at the Roman’s Trench area where the company recently intersected 1.9 g/t gold over 21 meters.
An additional 3,000 meters of drilling are planned for this year pending rig availability.
Revival Gold CEO Hugh Agro commented via press release:
“2022 marks our fifth, and potentially, most exciting season of drilling at Beartrack-Arnett. We are kicking it off with follow-up drilling on the Joss target, a target which has proven to be catalytic to our view on the potential for high grade underground mill resources at Beartrack-Arnett. We’ll then move to Haidee, where the emphasis is on further definition and expansion of the existing open pit oxide gold resource, and then to Roman’s Trench, which is a new near surface oxide gold exploration drill target for Revival Gold.”
Last month, Revival released a positive resource update for Beartrack-Arnett — the largest past-producing gold mine in Idaho — bringing the resource above the 4 million Au/oz mark across all categories along with a 39% increase in grade of the underground mineral resource.
The current drilling focus is on expanding the known resource toward the 5 million-plus gold ounce level ahead of a potential restart of the Beartrack Mine. The company is also on-track to produce a PFS (Prefeasibility Study) by year-end on a potential restart of oxide ores at the Haidee satellite area.
So lots to look forward to with the drill bit turning on a highly-targeted summer program. Four million gold ounces in mining-friendly Idaho is certainly nothing to sneeze at… and the Revival team is 100% committed to unlocking even more value by way of the drill.
We’ll continue to keep you posted as assay results from the current drill program begin to trickle in.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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