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Revival Gold: New High Grade Gold Potential at Beartrack-Arnett
TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce the results of
About this update from Revival Gold Inc
[{"type":"text","content":" TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce the results of a new appraisal of drill results and the recognition of a high-grade core of gold mineralization that is being evaluated for its underground potential at the past-producing Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA. Highlights Hole Number(listed from north to south) From(m) Drilled Width1(m) Fire Assay Gold Grade Uncapped(g/t) BT12-176D 308.2 4.8 9.4 BT18-218D 273.3 1.4 8.39 BT18-221D 377.6 8.2 6.65 Incl. 383.7 2.1 20.15 BT19-223D 342.3 3.0 5.04 BT18-213D 504.7 2.7 7.73 BT20-235D 410.9 10.1 4.58 BT12-186D 397.2 2.3 8.89 and 516.8 2.3 5.95 B18-211D 237.1 2.4 7.14 DD-161 213.4 1.5 5.04 BT20-227D 383.1 3.9 6.84 BT19-224D 237.2 11.1 5.77 BT19-225D 347.3 4.5 4.24 DD-162 184.4 4.6 5.25 and 213.5 4.0 4.79 BT18-220D 471.2 3.0 8.84 1 True width is unknown at this time but is estimated to be approximately half of the drilled width. Further details tabled below. The appraisal was initiated earlier this year in response to Revival Gold’s 2020 drilling results, the relogging of previously drilled core and fresh geological insights developed by the Company’s exploration team led by Vice President Exploration, Steve Priesmeyer, with input from consulting geoscientists, Mira Geosciences Ltd., and Technical Advisors, 2021 Bill Dennis Award Winner, Phil Walford and noted international explorationist, Laurie Curtis. Key findings are as follows: Based on wide-spaced drilling, there appears to be a core of consistent high-grade sulphide gold mineralization that extends over one kilometer from the south end of the South Pit area through to the south end of the Joss area. The high-grade mineralization is situated within the near-vertical Panther Creek Shear Zone (“PCSZ”). Intersections run from 4 - 9 g/t gold and are estimated to range between 1 - 5 meters in true width. Mineralization at Joss has been tested over 300 meters vertically and extends to approximately 500 meters below the surface where it remains open at depth. The core is enveloped within a larger lower-grade halo of gold mineralization, some of which has been previously analyzed and included in the bulk underground mineable component of the 2020 Mineral Resource at Beartrack-Arnett (see News Relea...