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Project: | Beartrack-Arnett | |
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Deposit: | Beartrack-Arnett | |
Location: | United States | |
Commodities: | Gold | |
Date: | 2/3/2020 | |
Report Code: | NI43-101 | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 3-2-2020: Revival Gold Inc. announces a Resource Estimation report for its Beartrack-Arnett deposit at the Beartrack-Arnett project. Updated mineral resource estimate for project. Toronto, ON – February 3rd, 2020 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVL | |
Resources: | (Resource): 36.416Mt @ 1.16g/t Au (Ind.) and 47.189Mt @ 1.08g/t Au (Inf.) | |
CP/QP: | [Resources]: Mark Mathisen, Ryan Rodney (Roscoe Postle Associates Inc.) | |
ABSTRACT: | Toronto, ON – February 3rd, 2020 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the "Company"), a growth-focused gold exploration and development company, announces the results of an updated mineral resource estimate (“Mineral Resource”) completed by Roscoe Postle Associates Inc. (“RPA”) on the company’s past-producing Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Lemhi County, Idaho. “Results at Beartrack-Arnett have well exceeded Revival Gold’s ambitious goals for exploration success,” said Hugh Agro, President & CEO. “Inferred gold resources have more than doubled while indicated gold resources are up 11% with this resource update. The deposit remains open laterally and at depth and, at its current scale, Beartrack-Arnett represents an outstanding opportunity for further growth.” The Mineral Resource includes all oxide, mixed oxide-sulphide and sulphide material constrained within an economic open pit and underground bulk mining scenario based on a gold price of US$1,400/ounce along with the cost, recovery and slope parameters summarized in Table 2 below. | |
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