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Revival Gold Intersects Oxidized Mineralization in Previously Untested Targets at Beartrack-Arnett
TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to report results from the
About this update from Revival Gold Inc
TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to report results from the final eight core holes completed in connection with the Company’s 2023 exploration campaign at the Beartrack-Arnett Gold Project (“Beartrack-Arnett” or the “Project”) located in Idaho, USA. Each of the eight holes released today was drilled in the broader Haidee deposit area (see Figure 1 below) and intersected above cut-off grades in near-surface oxide gold mineralization. Highlights 0.37 g/t gold over 22.6 meters1 in hole AC23-109D in near-surface oxide gold mineralization at the previously untested Ridge target, located approximately 1,000 meters northwest of the Haidee deposit. 0.36 g/t gold over 9.0 meters1 in hole AC23-118D in near-surface oxide gold mineralization at another previously untested target at Midlands, located approximately 400 meters southeast of the Haidee deposit. 0.49 g/t gold over 24.3 meters2 and 1.41 g/t gold over 5.2 meters2 in AC23-119D up-dip of the current Haidee deposit. 0.62 g/t gold over 17.8 meters1 in AC23-113DA and 0.40 g/t gold over 12.6 meters1 and 0.31 g/t gold over 32.9 meters1 in AC23-107D down-dip on the current Haidee deposit. 1 True width is estimated to be 50% to 70% of drilled width. 2 True width is unknown. Drill holes AC23-109D and AC23-118D include significant intersections of oxide gold mineralization discovered under areas of post-mineralization cover targeted based on the results of a surface geochemical survey, geophysics, and mapping. Hole AC23-109D is particularly intriguing as it was stopped short of its intended target due to operational issues. Mineralization occurs in a brecciated quartzite, thought to overlay the rocks that host mineralization in the Haidee deposit area. “Today’s results from Ridge and Midland, together with those from up-dip and down-dip of the current Haidee deposit, validate our enthusiasm for the broader Haidee area and confirm the potential for continued growth in near-surface oxide gold resources at Beartrack-Arnett”, said Hugh Agro, President & CEO. Revival Gold’s 2023 drilling at Beartrack-Arnett consisted of eighteen core drill holes totaling 3,350 meters. Twelve core holes were drilled in and around the Haidee deposit. Six core holes were drilled in three new target areas (Roman’s Trench, Mid...