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Revival Gold Inc.
Summary
| Project: | Beartrack | |
|---|---|---|
| Deposit: | Beartrack, Arnett | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2018: Revival Gold Inc. announces an Exploration/Drilling Update report for its Beartrack, Arnett deposit at the Beartrack project. Drilling results incl. 52.5m @ 2.15g/t Au from 490.0m. TORONTO, Dec. 04, 2018 -- Revival Gold Inc. (TSXV: RVG, OTCQB: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steven Priesmeyer (Internal) | |
| ABSTRACT: | TORONTO, Dec. 04, 2018 -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the "Company"), a growthfocused gold exploration and development company, announces the release of favourable drill results at the Company’s Arnett gold project (“Arnett”) and adjacent Beartrack gold project (“Beartrack”), located in Lemhi County, Idaho. “Revival Gold’s initial drill results in the Haidee area at Arnett confirm the presence of another potential source of oxide material seven kilometers from the legacy leach plant infrastructure at Beartrack”, said Hugh Agro, President & CEO. “At Beartrack itself we have extended the mineralized trend a further 250 meters south of Joss for a total of 950 meters south along strike from the South Pit area where the current Mineral Resource ends”. Arnett Drill Results Revival Gold completed an initial six hole 900-meter core drilling program in the Haidee area at Arnett in November. The program successfully confirmed the presence and nature of gold mineralization encountered by previous operators including Meridian Gold (“Meridian”) in the 1990’s. A seventh planned hole was not drilled due to inclement weather. Results from the first four holes of the six-hole program at Arnett are presented below. Gold mineralization in the Haidee area is oxidized and occurs from near surface to a currently drilled depth of 125 meters. Mineralization remains open along strike to the south and at depth. Additional drilling is planned in 2019 to further explore the strike and depth potential at Haidee and to begin exploration across the Arnett property. Mineralization at Haidee often occurs as visible native gold within oxidized pyrite which can result in highly variable assay values. This nugget effect is present, even when larger samples sizes (two assay-tonne) are used. For this reason, Revival Gold intends to follow-up its conventional two assay-tonne fire assays at Haidee with metallic screen assays of larger-thannormal pulps. | |
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