- Revival Gold (RVG) has released 2021 exploration highlights from the Beartrack-Arnett Gold Project in Idaho
- Drilling continued to show promise on the main 5 km Beartrack-Arnett Trend, returning up to 12 g/t gold over 13.7 m
- In the Haidee Area, initial results continued to upgrade and extend the near-surface oxide gold target with final results expected in January
- A resource update for Beartrack-Arnett is scheduled for completion in Q1 2022
- Revival Gold is a growth-focused gold exploration and development company operating out of the U.S.
- Revival Gold (RVG) is up by 7.02 per cent and is currently trading at $0.61 per share
Revival Gold (RVG) has released 2021 exploration highlights from the Beartrack-Arnett Gold Project in Idaho.
Drilling in five core holes over 2,400 m continued to show promise on the main 5 km Beartrack-Arnett Trend, including the high-grade underground Joss Target, which returned up to 12 g/t gold over 13.7 m.
All eighteen holes at Joss have cut broad intervals of lower-grade mineralization ranging from 2-4 g/t gold, which contains narrower, higher-grade intervals ranging from 4-11 g/t gold.
High-grade mineralization extends for more than 1 km of strike at Joss and remains open on strike and at depth.
In the Haidee Area, initial results continued to upgrade and extend the near-surface oxide gold target with final results expected in January.
A resource update for Beartrack-Arnett is scheduled for completion in Q1 2022.
The company has de-risked the project by advancing metallurgical test work on 2.7 tonnes of material. Bottle roll test results at three crush sizes were consistent with, or more favourable than, recovery assumptions used in the 2020 preliminary economic assessment.
It initiated geotechnical and hydrological work to provide open pit and leach pad design criteria in support of mineral resource estimation and a planned heap leach pre-feasibility study.
It also commenced baseline environmental data collection and planning to facilitate a potential return to production in 2022.
An independently authored study into Beartrack-Arnett’s economic impact estimates US$1.2 billion in cumulative contributions to Idaho G.D.P. over an eight-year period including the creation of 858 full-time direct and indirect jobs.
“2021 was a challenging year in the market for gold exploration and development businesses and, despite significant operational progress, Revival Gold was not immune to those challenges,” stated Hugh Agro, Revival’s President and CEO. “We look ahead now to 2022 and what promises to be a landmark year for Revival Gold with a resource update, additional drilling and a PFS planned to provide further evidence of the incredible potential at Beartrack-Arnett.”
Revival Gold is a growth-focused gold exploration and development company operating out of the U.S.
Revival Gold (RVG) is up by 7.02 per cent and is currently trading at $0.61 per share as of 10:57 am EST.