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Revival Gold Releases Additional Drill Results and Provides Exploration Update
TORONTO, Nov. 12, 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, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth‐focused gold exploration and development company, announces results from an additional five drill holes along with partial results from a sixth drill hole from the Company’s 2020 drilling program on the past-producing Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA. Five of the six holes released today are infill core holes drilled in the Haidee target area at Beartrack-Arnett. The holes were drilled to confirm projections of resource blocks from the 2020 Mineral Resource estimate (see Technical Report on the Beartrack-Arnett Gold Project, Lemhi County, Idaho, USA dated February 21st, 2020) and to upgrade resources from the Inferred category to the Indicated category. All five holes intersected near-surface leachable mineralization and mineralized intervals generally align with projections of the block model from adjacent drill holes or cross-sections. Highlights 0.93 g/t gold over 28.3 meters1 in AC20-48D 0.55 g/t gold over 34.5 meters1 and 0.50 g/t gold over 34.4 meters and 0.41 g.t gold over 34.4 meters in AC20-050D 0.80 g/t gold over 15.2 meters1 in AC20-051D 0.41 g/t gold over 38.1 meters1 in AC20-053D 1 Drilled width; true width estimated to be approximately equivalent to drilled width. Partial results received for a sixth core hole, BT20-226D, drilled in the under-explored area between the North and South Pit areas at Beartrack-Arnett, indicate that the hole intersected weak gold mineralization in the Panther Creek Shear Zone (“PCSZ”) with the best interval being 0.36 g/t gold over a drilled width of 6.1 meters at approximately 370 meters down hole. Complete results are pending. “The Beartrack-Arnett resource model is standing up to infill drilling in the Haidee area and we are encouraged to see a continuation of gold mineralization in the PCSZ between the North and South pits”, said Hugh Agro, President and CEO. “This season’s drill program includes both expansion and infill drilling as we seek to grow the resource and prepare to advance Beartrack-Arnett from a preliminary economic assessment (expected later this month) to a pre-feasibility study (targeted to commence next year)”. Detailed Drill Results Detailed results for the Haidee target drill holes released toda...