Mr. Hugh Agro reports
REVIVAL GOLD INTERSECTS 2.29 G/T GOLD OVER 45.7 METERS INCLUDING 4.58 G/T GOLD OVER 10.1 METERS AT BEARTRACK-ARNETT
Revival Gold Inc. has released results from the final 10 holes of the company's 2020 drilling program at the Beartrack-Arnett gold project located in Idaho.
Highlights from today's drill results include two core holes drilled in the Joss target area at the southern end of Beartrack. The holes were drilled to test for high-grade sulphide mineralization and to validate a conceptual underground mining target hosted within the main shear zone as well as in cross structures. Summary results below:
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2.29 grams per tonne gold over 45.7 metres
(1) including 4.58 g/t gold over 10.1 metres in BT20-235D;
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2.41 g/t gold over 43.9 metres
(1) including 6.84 g/t gold over 3.9 metres in BT20-227D.
(1) Drilled width; true width is unknown at this time.
An additional five core holes were drilled between the North and South pits in the central Beartrack area and successfully confirmed the continuity of mineralized structure over 400 to 600 metres of strike in this previously untested area. Mineralization in this location remains open at depth.
Finally, three core holes were drilled in the greenfield exploration target at Rabbit, approximately two to three kilometres south of the footprint of the existing Beartrack mineral resource. Difficult drilling conditions limited the 2020 program at Rabbit; however, one hole, BT20-234D, intersected fracture-controlled sericite alteration with associated anomalous trace elements, including anomalous gold, that mirror the signature of mineralization at Beartrack. The results are encouraging and warrant follow-up drilling.
"Today's drill results from Joss have transformed our understanding of the potential for high-grade underground gold mineralization at Beartrack-Arnett. We now have 14 drill holes over approximately one kilometre of strike in the vicinity of Joss being assessed for the presence of a continuous high-grade core of mineralization. Results of the assessment are expected shortly. The Joss zone remains open to the south towards the anomalous gold intercept encountered at Rabbit, some two kilometres further south. These results, together with those between the North and South pits, extend the potential for economic gold mineralization at Beartrack-Arnett to fully seven to eight kilometres of prospective structure," commented president and chief executive officer Hugh Agro.
Revival Gold is currently planning its 2021 exploration and engineering field program with drilling expected to commence in May. Further details will be available in March.
DRILL RESULTS
Fire assay Fire assay
Drilled gold grade gold grade
Hole No. From To width (1) uncapped capped
(m) (m) (m) (g/t) (g/t)
BT20-226D 367.9 374.0 6.1 0.36
415.1 421.2 6.1 0.39
433.4 441.0 7.6 0.20
BT20-227D (2) 122.2 127.1 4.9 1.02
207.4 226.8 19.4 0.68
235.3 253.1 17.8 1.20
259.5 265.5 5.9 1.32
312.1 325.2 13.1 1.85 1.60
incl. 318.8 320.0 1.2 10.70 8.00
352.3 396.2 43.9 2.41 2.40
incl. 358.1 363.0 4.9 3.90 3.76
incl. 358.1 358.5 0.3 10.05 8.00
383.1 387.0 3.9 6.84
390.4 393.2 2.8 3.84
BT20-228D 135.6 168.9 33.2 0.32
BT20-229D (3) 150.9 157.3 6.4 1.10
166.7 182.9 16.2 0.78
incl. 171.3 173.7 2.4 3.40
BT20-230D 154.5 185.3 30.8 0.51
incl. 154.5 169.0 14.5 0.68
BT20-232D (4) 330.7 333.6 2.9 0.83
difficult drilling conditions
hole TD at 367 m short of target
BT20-231D no significant results
BT20-232D-W (5) 299.8 303.6 3.8 0.24
311.7 325.5 13.9 0.54
difficult drilling conditions
hole TD at 157 m short of target
BT20-233D no significant results
difficult drilling conditions
hole TD at 382 m short of target
BT20-234D no significant results
BT20-235D (6) 261.5 265.2 3.7 3.47
302.5 307.1 4.6 1.19
327.1 347.8 20.7 0.79
incl. 334.4 336.8 2.4 1.67
353.7 362.7 9.0 2.39 1.99
incl. 353.7 355.4 1.7 10.30 8.00
367.3 370.3 3.0 3.01
377.3 423.1 45.7 2.29
incl. 410.9 420.9 10.1 4.58
(1) True width is unknown at this time. Numbers may not add up due
to rounding.
(2) Core recovery for the intervals 125.6 metres to 127.1 metres, 355.7 metres
to 356.3 metres, 356.3 metres to 357.2 metres and 394.8 metres to 396.2 metres
was 30 per cent, 25 per cent, 17 per cent and 30 per cent, respectively. The
interval with less than 20-per-cent recovery was included at zero g/t Au.
(3) Core recovery for the intervals 150.9 metres to 152.1 metres, 152.1 metres
to 152.7 metres, 152.7 metres to 154.2 metres and 170.7 metres to 171.3 metres
was 40 per cent, 20 per cent, 0 per cent and 40 per cent, respectively. The
two intervals with less than 20-per-cent recovery were included at zero g/t
Au.
(4) Core recovery for the interval 331.6 metres to 332.5 metres was 17 per
cent. This interval was included at zero g/t Au.
(5) Core recovery for interval 302.0 metres to 303.6 metres was 42 per cent.
(6) Core recovery for interval 380.4 metres to 381.9 metres was 30 per cent.
Qualified person
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 is advancing the Beartrack-Arnett gold project located in Idaho, United States.
Beartrack-Arnett is the largest formerly producing gold mine in Idaho. A preliminary economic assessment has been completed for a first phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an AISC (all-in sustaining cost) of $1,057 per ounce of gold.
We seek Safe Harbor.
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