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Revival Gold Provides Update on Beartrack-Arnett Prefeasibility Study
TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to provide an update on th
About this update from Revival Gold Inc
[{"type":"text","content":" TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to provide an update on the status of work on a Prefeasibility Study (“PFS”) for the Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Lemhi County, Idaho, USA. PFS Team and Schedule Revival Gold has appointed Kappes Cassiday Associates (“KCA”) as the lead PFS consultant focused on metallurgy, infrastructure design and overall study economic analysis with Independent Mining Consultants Inc. (“IMC”) engaged on mineral resources and to develop PFS-level open pit designs and mine plans. KCA and IMC are US-based experts in gold heap leach mine design and operations. Technical studies in support of the PFS (see below) are progressing on track; however, with the shift in overall project management and mine planning from the Company’s previous engineering consultants to KCA and IMC, respectively, completion of the PFS will be deferred to 2023. This will, however, provide time for Revival Gold to incorporate 2022’s drilling into the PFS which should improve results. PFS completion is expected mid-2023. Technical Studies Comprehensive metallurgical work has been completed on nine 180-day column leach tests by SGS Lakefield with results indicating average gold recoveries of 82% relative to the cyanide soluble gold assay for Beartrack and 92% relative to total fire assay gold for Arnett. All column testing was completed on 38 mm (1.5 inch) crush size material. Together with existing data, these results provide further confidence in Beartrack-Arnett heap leach recovery assumptions going into the PFS. Two PFS-level geotechnical characterization studies have been completed by Wood plc. The open pit geotechnical study provides pit slope design criteria and identifies opportunities to further steepen (improve) pit slopes with enhanced blasting practices, while the infrastructure geotechnical study characterizes the foundation conditions for the heap leach pad, waste rock dumps, haul roads and other surface infrastructure. PFS-level waste rock management design and water management studies are ongoing at ALS Limited on 72 rock samples representative of Arnett waste rock. A preliminary assessment of the results has identified that most samples have generally undetectable sulfide sulphur content (<0....