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Revival Gold Inc.
Summary
| Project: | Beartrack | |
|---|---|---|
| Deposit: | Beartrack | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-9-2018: Revival Gold Inc. announces an Exploration/Drilling Update report for its Beartrack deposit at the Beartrack project. Drilling results incl. 105.2m @ 1.38g/t Au from 383.7m. TORONTO, Sept. 05, 2018 -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) | |
| Resources: | (Resource): 33.365Mt @ 1.13g/t Au for 1.214Moz Au (Ind.), 16.9Mt @ 1.41g/t Au for 765Koz Au (Inf.) | |
| CP/QP: | [Overall Report]: Steven Priesmeyer (Internal) | |
| ABSTRACT: | TORONTO, Sept. 05, 2018 -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the "Company"), a growthfocused gold exploration and development company, announces results from the first three holes of its planned 2018 8,000- meter core drilling program at the former producing Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho. Drilled width; true width estimates are presented in the table below. “These initial results demonstrate a continuation at depth of significant grades and widths of gold mineralization at Beartrack,” said Hugh Agro, President & CEO. “Mineralization intersected by these holes occurs over approximately 300 meters of strike in the South Pit area and 50 to 130 meters below the conceptual pit shell that defines the current Beartrack mineral resource.” Details On May 29th, 2018, Revival released a maiden NI 43-101 mineral resource estimate for the Beartrack property (“Mineral Resource”). At a gold price of US$1,300/ounce, a 0.61 g/t gold mill cut-off and a 0.26 g/t cyanide soluble gold heap leach cutoff, the pit-constrained Mineral Resource contains: • A total Indicated Mineral Resource of 33.4 million tonnes at 1.13 g/t gold containing 1,214,000 ounces of gold; and, • A total Inferred Mineral Resource of 16.9 million tonnes at 1.41 g/t gold containing 765,000 ounces of gold. Revival Gold initiated its 2018 core drill program at Beartrack with one drill rig in late May and added a second rig in early June. Drilling this year is designed to expand the maiden Mineral Resource at Beartrack and to test underexplored areas along strike. Mineral resource expansion will focus on the South and North Pit target areas. Additional drilling is planned in the Joss target area which is located approximately 700 meters south along strike from the South Pit and between the South Pit and Joss. | |
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