Business
Revival Gold 2019 Year in Review
TORONTO, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the "Company"), a growth-focused gold exploration and
About this update from Revival Gold Inc
[{"type":"text","content":" TORONTO, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the \"Company\"), a growth-focused gold exploration and development company, provides a summary of the Company’s key 2019 accomplishments. Highlights Completed $5 million equity financing – April financing funds exploration and metallurgical test programs through completion of an updated resource in 2020; Received Permit for drilling on the Arnett Gold Project (“Arnett”) – June approval for a Plan of Operations encompassing 53 additional drill pad locations across Arnett; Completed 5,060 meters of core drilling at Arnett and at the neighbouring Beartrack Gold Project (“Beartrack”) – Summer drill program of twenty-five core holes was completed in October ahead of schedule, under budget and with zero safety incidents. The 2019 program expanded the area of known oxide mineralization in the Haidee area at Arnett and the scale of higher-grade mineralization in the Joss area at Beartrack; Flew 404 line-kilometers of airborne geophysics and completed extensive mapping and soil sampling program over 12 square kilometers at Arnett – Field work completed this summer supports Revival Gold’s deposit model of an intrusion-related gold system hosted by a wide-spaced stockwork at Arnett. Subsequent reprocessing of geophysics highlights the structural potential at depth and south along the Panther Creek Shear Zone at Beartrack; Expanded land position – Staked and otherwise acquired ground in the Fall to increase the Company’s land package at Beartrack-Arnett to approximately 5,440 hectares; Initiated an updated resource estimate for Beartrack-Arnett – Updated resource estimate underway under the direction of Roscoe Postle Associates (“RPA”). Results are expected in Q1 2020; Received favourable results from second phase of metallurgical test work – Test results from Beartrack sulphide composites announced this month returned overall gold recoveries of 94-95%. RPA has recommended using 94% gold recovery for the upcoming Beartrack resource update – a significant improvement over the Company’s prior assumption of 84%; and, Announced key board appointments – Wayne M. Hubert was appointed Non-Executive Board Chairman and Robert J. Chausse was appointed Director and Audit Committee Chairman. “In 2019 we continued to advance Bea...