Revival Gold Inc. (TSXV: RVG | OTCQX: RVLGF) has concluded its 2022 drill programme at the company’s Beartrack-Arnett Gold Project located in Idaho, USA. During the year, Revival Gold completed 22 core holes for a total of about 5,500m.
Results from the first two core holes for this year’s programme released in September (BT22-241D and BT22-242D) confirmed the continuity of potentially underground mineable grades within a broad zone of gold mineralization in the Joss target area and further emphasized the depth and scope of mineralization at Beartrack-Arnett.
Revival has reported that the Joss target, which extends over a strike of 1,000m, has now been drilled to a depth of over 500m and is open in all directions. Intercepts for the 20 core holes completed at Joss to-date average 7.7g/t gold over 5.5m drilled width within a broader zone of 2.8g/t gold over 45.5m drilled width (true widths are estimated to be 30% to 50% of drilled widths).
Two additional core holes were completed this year for a total of four core holes and 2,600m on the company’s main Beartrack-Arnett trend of mineralization, one in the South Pit target area (BT22-243D) and one additional hole in the Joss target area (BT22-244D). Hole BT22-243D is intended to extend high-grade mineralization at the southern end of the South Pit and hole BT22-244D is intended to expand on high-grade intervals from the 2018 drilling programme. Revival Gold are expecting assay results over the next six weeks.
In the Haidee target area, Revival Gold completed 18 infill and expansion core holes for 2,900m in the near surface, oxide material of this satellite deposit. These holes are intended to upgrade Inferred Resources to Indicated Resources and extend the current Mineral Resource to the southwest, or down-dip, direction. Mineralization at Haidee remains open in all directions. Assay results are expected over the course of the next three months.
Revival Gold’s exploration activities will now turn to the review and interpretation of drilling results, updating the Beartrack-Arnett geological and mineral resource models in support of the company’s planned 2023 first phase heap leach Preliminary Feasibility Study, and preparation of plans for future drilling.
“Revival Gold’s exploration team is to be commended for wrapping up another safe and productive drilling campaign at Beartrack-Arnett this year with exciting results from Joss and the completion of all planned drilling in the Haidee area to support next year’s PFS. Further assay results are expected later this month and into the new year, said Hugh Agro, Revival Gold’s president & CEO.
To find out more, please visit www.revival-gold.com
