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Revival Gold Reports on 2023 Exploration Campaign
TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to report on the Company’s
About this update from Revival Gold Inc
[{"type":"text","content":" TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to report on the Company’s 2023 exploration campaign at the Beartrack-Arnett Gold Project (“Beartrack-Arnett” or the “Project”) located in Lemhi County, Idaho, USA. Over the course of the past six months Revival Gold has focused on the updated Mineral Resource and Preliminary Feasibility Study (“PFS”) which are expected to be completed on Beartrack-Arnett within the next 4-6 weeks. Meanwhile, the Company has progressed data compilation and analysis, as well as preparations for this season’s drill program and related exploration field work. Highlights Revival Gold’s Board of Directors has approved approximately 3,000 meters of core drilling to commence in early July for open pit heap leach oxide targets including: Roman’s Trench – where reverse circulation drilling from 1990 intersected 1.95 g/t gold over 18 meters drilled width and 1.90 g/t gold over 21 meters drilled width1. To date, Revival Gold has not drilled at Roman’s Trench and the prospect offers the potential to add higher-grade mineralization to the Company’s first phase heap leach restart plans; Haidee – to follow up on hole AC22-094D from last year’s drill program which intersected 5.42 g/t gold over 10.2 meters drilled width including 9.62 g/t gold over 5.4 meters drilled width2. The orientation of the higher-grade mineralization in hole AC22-094D is unknown however, if this zone extends beyond AC22-094D, it could add higher-grade material to the current Haidee Mineral Resource; and, Additional soil and/or geophysical anomalies – in the Ridge area west of Haidee, up-dip and down-dip from the current Haidee Mineral Resource and at depth beneath at Haidee. Notes: 1 See Revival Gold press release dated June 30th, 2017, 2 See Revival Gold press release dated January 30th, 2023. Revival Gold’s geologists have refined and expanded the Company’s high-grade mineralization domains at Joss and extended the domains a distance of approximately two kilometers through the South Pit area. As underground mineralization at Beartrack-Arnett grows, consideration is being given to eliminating the current open pit model in the Joss area and incorporating those resources into an expanded underground model. An extensive property-wide data compilation and re...