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Revival Gold Delivers Substantial Resource Increase at Beartrack-Arnett
TORONTO, Feb. 03, 2020 (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, Feb. 03, 2020 (GLOBE NEWSWIRE) -- 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. Highlights The updated RPA Beartrack-Arnett Mineral Resource contains: -- An Indicated Mineral Resource of 36.4 million tonnes at 1.16 g/t gold containing 1.35 million ounces of gold; and, -- An Inferred Mineral Resource of 47.2 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold, including an initial bulk underground component of 6.7 million tonnes at 2.19 g/t gold containing 0.47 million ounces of gold These results represent an increase of 11% in Indicated Mineral Resources and an increase of 114% in Inferred Mineral Resources over the Company’s prior mineral resource estimates at Beartrack (see May 29th, 2018 press release, “Revival Gold Unveils 43-101 Gold Resource at the Beartrack Gold Project in Idaho, USA”). The Mineral Resource is defined by 563 core and reverse circulation drill holes totalling approximately 93,000 meters and was estimated at an assumed gold price of US$1,400 per ounce of gold. Mineralization at Beartrack remains open to the north, south and at depth. Mineralization at Arnett remains open in all directions. The focus of technical work will now turn to preparations for a Preliminary Economic Assessment on the potential re-start of heap leach operations at Beartrack and plans for future exploration drilling at Beartrack-Arnett. Details to follow. “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 ...