Haidee Zone Extended With 2020 Drilling Results From Beartrack-Arnett

TORONTO - Revival Gold Inc. reported on the final seven drill holes from the Company’s 2020 drilling program on the Haidee zone at the past-producing Beartrack-Arnett Gold Project, located in Idaho.

The seven holes are core holes drilled in the Haidee zone to upgrade and expand the resource. All holes intersected near surface oxidized gold mineralization. The Haidee zone remains open and now extends over 600 meters of strike and projects across strike and up dip about 400 meters.

Highlights: 0.55 g/t gold over 16.7 meters in AC20-054D; 0.53 g/t gold over 20.5 meters and 0.25 g/t gold over 31.7 meters in AC20-066D; 0.61 g/t gold over 18.6 meters in AC20-067D; 0.56 g/t gold over 22.6 meters1, 0.79 g/t gold over 14.5 meters and 0.69 g/t gold over 16.3 meters1 in AC20-069D; and 1 Drilled width; true width estimated to be approximately equivalent to drilled width except for hole AC20-069D, where the true width is unknown at this time.

“Revival Gold exceeded expectations for the 2020 drilling program at Haidee. With complete results from all thirty drill holes now in hand, we can see that the footprint of near-surface oxide gold mineralization has indeed grown. The program further reveals additional stacked mineralized structures extending up dip to the north-east. Haidee remains open in all directions and offers the potential to significantly increase the mine life and reduce the expected strip ratio for the planned first phase heap leach operation at Beartrack-Arnett. Further Beartrack-Arnett drill results from additional zones are expected next month. Meanwhile, preparations have begun to resume resource expansion drilling in the spring,” said President and CEO, Hugh Agro.

Drillholes AC20-054D, 56D, 61D and 66D were drilled along the northeastern margin of the existing mineral resource. The holes indicate that the Haidee deposit extends up-dip into the gold soil anomaly northeast of the current resource. The anomaly is largely untested by drilling to-date. Holes AC20-067D and AC20-068D were drilled at the northern and southern ends of the existing mineral resource respectively, and indicate that mineralization continues in both directions. AC20-069D was drilled to the southwest and encountered several zones of mineralization. The area represents a future drill target with potential to add to the existing Haidee mineral resource.

Ten core holes were completed at Beartrack in 2020 for approximately 3,500 meters of drilling. Complete assay results for all holes are expected. Revival Gold’s review of the data collected during the 2020 exploration program is underway. This includes data from drilling, Induced Polarization-Resistivity surveys at Arnett and Beartrack and geologic mapping at Arnett. The Company is also preparing for the 2021 field season. Exploration plans are currently being developed for a 5,000 to 10,000 meter drilling program, ground geophysics in the Rabbit area and additional field work on newly staked ground in the Arnett area. In addition to ongoing exploration, Revival Gold is finalizing plans for a program of geotechnical and hydrological drilling, further metallurgical testing and environmental and mine permitting preparations. Details and planned expenditures will be finalized by the end of the current quarter.