Mr. Hugh Agro reports
REVIVAL GOLD ANNOUNCES ADDITIONAL DRILL RESULTS AT BEARTRACK; RECEIVES PERMITS TO COMMENCE DRILLING AT ARNETT
Revival Gold Inc. has released results from four additional holes from its 8,000-metre core drilling program at the former producing Beartrack gold project located in Lemhi county, Idaho. In addition, Revival Gold has received permits to commence drilling at the neighbouring Arnett gold project.
Highlights:
- The continuing drill program continues to intersect gold mineralization beyond the limits of the current mineral resource in three target areas at Beartrack.
-
Drill hole BT18-214D in the Ward's Gulch area returned 1.24 grams per tonne gold over 23.3 metres, 1.74 g/t Au over 22.5 metres and 1.80 g/t Au over 19.9 metres
(1).
-
Drill hole BT18-211D in the Joss area returned 2.66 g/t Au over 13.9 metres, 2.16 g/t Au over 15.2 metres, 1.16 g/t Au over 21.3 metres and 1.67 g/t Au over 27.1 metres
(1).
-
Permits received to allow an initial seven-hole 1,000-metre core drilling program at Arnett. Drilling is expected to commence with a third rig on the Beartrack-Arnett project area in early October.
(1) Drilled width; true width estimates are presented in the associated table.
"Revival Gold continues to intersect significant gold mineralization beyond the limits of the current mineral resource at Beartrack including at Joss, the South Pit and at Ward's Gulch," said Hugh Agro, president and chief executive officer. "Drilling will continue with two rigs on the ongoing program at Beartrack. In addition, we are permitted and expect to add a third drill rig in a new target area (Haidee) at Arnett shortly."
Details
On May 29, 2018, Revival released a maiden National Instrument 43-101 mineral resource estimate for the Beartrack property.
On Sept. 5, 2018, Revival released results from the first three holes (BT18-207D, BT18-208D and BT18-209D) of its planned 2018 8,000-metre resource expansion core drilling program at Beartrack. These holes were targeted to expand the current open-pit-constrained mineral resource below, and on strike from, the South Pit area. The holes returned significant widths and grades of mineralization.
The four drill holes released today (BT18-210D, BT18-211D, BT18-212D and BT18-214D) were targeted to expand the current open-pit-constrained mineral resource below, and on strike from, the North Pit and Ward's Gulch areas as well as in the Joss area where there is currently no mineral resource.
Holes BT18-214D and BT18-211D successfully extended mineralization at depth in the Ward's Gulch area and encountered several significant mineralized intervals in the Joss area. Holes BT18-210D and BT18-212D intercepted only modest widths of mineralization below the current open-pit-constrained mineral resource in the North Pit area.
Mineralization at Beartrack remains open to the south of Joss, north along strike between Joss and the South Pit, north along strike between the South Pit and Ward's Gulch area and into the North Pit.
To date in 2018, 11 core holes have been completed at Beartrack for a total of approximately 5,300 metres. Beyond the holes for which results have been released, additional holes have been completed in the Joss area, between Joss and the South Pit, at the South Pit and at Ward's Gulch. Drilling is currently under way in the South Pit and Joss areas.
Summary assay results from holes released today are presented in the associated table.
Hole No. From To Drilled width Est. true width (1) Fire assay gold grade
(m) (m) (m) (m) (g/t)
BT18-210D 161.8 168.7 6.9 4 1.93
284.4 289.0 4.6 3 2.88
BT18-212D2 99.0 123.4 24.4 16 0.92
BT18-211D3 102.7 106.7 4.0 n/a 3.57
188.5 202.4 13.9 n/a 2.66
217.9 222.1 4.2 n/a 5.37
228.0 243.2 15.2 n/a 2.16
250.9 258.5 7.6 n/a 1.45
272.2 293.5 21.3 n/a 1.16
314.9 342.0 27.1 n/a 1.67
BT18-214D4 219.5 242.8 23.3 12 1.24
258.2 280.7 22.5 12 1.74
295.7 316.1 20.4 10 0.73
326.7 346.6 19.9 10 1.80
(1) True width estimates in the North Pit and Ward's Gulch areas are based on a vertically
dipping mineral zone. True widths in the Joss area is unknown (n/a) at this time. Drill holes
typically steepen during drilling so the inclination of the drill hole at depth may not be the
same as the inclination in the mineralized zone.
(2) Recoveries for the intervals 111.1 metres to 112.6 metres and 120.4 metres to 121.9 metres
were 50 per cent, 44 per cent and 40 per cent, respectively.
(3) Recovery for the interval 316.8 metres to 317.3 was 47 per cent.
(4) Recoveries for the intervals 227.7 metres to 228.4 metres and 228.4 metres to 230.7 metres
were 48 per cent and 0 per cent, respectively. The interval 0-per-cent recovery was included
at zero grade.
Drilling will continue at Beartrack through the fall season with all results expected to be released by early 2019.
Arnett permitting and 2018 drilling plans
In October, 2017, Revival Gold submitted a plan of operations permit application to the U.S. Forest Service to drill from 52 drill pad locations on the company's unpatented claims at Arnett. A public comment period was completed in February, 2018. Permitting is progressing and a permit for drilling on Revival Gold's unpatented claims at Arnett is expected to be received by year-end.
On Revival Gold's recently acquired patented claim at Arnett (see press release dated July 24, 2018), the company applied for and has now received all state and federal permits, required to begin a seven-hole 1,000-metre core drill program on patented ground. Program preparations and logistics are being finalized. Drilling is expected to start in early October.
This year's drilling program at Arnett will target known mineralization at the Haidee prospect and will be integrated with 11 core holes previously drilled by Meridian Gold Inc. in 1997. Revival Gold's drilling is intended to confirm the continuity and tenor of mineralization in the Haidee area over approximately 300 metres of strike.
Quality assurance/quality control program
Quality assurance/quality control consists of the regular insertion of duplicates, blanks and certified reference standards into the sample stream. Check samples will be submitted to an umpire laboratory at the end of the drilling program. Sample results are analyzed immediately upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Minerals sample preparation facility in Elko, Nev. Gold analyses are performed at the ALS Minerals laboratory in Reno, Nev., and multielement geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, B.C. ALS Minerals is an ISO 17025:2005-accredited lab.
Gold assays are determined by fire assay and AAS (atomic absorption spectroscopy) on a 30-gram nominal sample weight (Au-AA25). For shallow holes targeting leachable mineralization, gold is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multielement geochemical analyses are completed on selected drill holes using the ME-MS 61 method.
Steven T. Priesmeyer, CPG, vice-president, exploration, Revival Gold, is the company's designated qualified person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.
About Revival Gold Inc.
Revival Gold is a growth-focused gold exploration and development company. The company has the right to acquire a 100-per-cent interest in Meridian Beartrack Co., owner of the former producing Beartrack gold project located in Lemhi county, Idaho. Revival also owns rights to a 100-per-cent interest in the neighbouring Arnett gold project.
We seek Safe Harbor.
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