Oxide Gold Target Expanded At The Arnett Gold Project

TORONTO - Revival Gold Inc. reported a second batch of drill results from its summer 2019 core drilling program at the Beartrack - Haidee target at Arnett Gold Project area located in Lemhi County, Idaho.  

Results released below cover seven core holes drilled in the Haidee. All seven holes intersected near-surface oxide mineralization along the southern flank of the gold system, first drilled by Revival Gold in late 2018.

Highlights: 0.99 g/t Au over 60.5 meters1 including 2.42 g/t Au over 16.9 meters1 in AC19-19D; 0.88 g/t Au over 66.3 meters1 including 1.36 g/t Au over 18.0 meters1 in AC19-21D; 1.14 g/t Au over 30.9 meters1 including 1.74 g/t Au over 14.1 meters1 in AC19-23D; 0.49 g/t Au over 29.5 meters1 including 0.87 g/t Au over 8.4 meters1 in AC19-25D; and 1 Drilled width; true width estimated to be approximately equivalent to drilled width.

“The results expand the area of oxide mineralization along the southern flank of the 400-meter-long gold target at Haidee first drilled by Revival Gold in late 2018” said Hugh Agro, President & CEO. “The system remains open.  Assays are pending for a further 15 core holes drilled at Haidee and Haidee West and Revival Gold is moving aggressively to complete an updated resource estimate for Beartrack-Arnett in the first quarter of next year.”

All planned drill holes in the current program at both Beartrack and Arnett are now complete.  A total of approximately 5,100 meters were drilled in 25 holes on budget and ahead of schedule.

The first three holes drilled this year confirmed the continuity and extension of the mineralized gold trend in the Joss area at Beartrack. The seven drill holes reported (AC19-18D through AC19-21D and AC19-23D through AC19-25D) successfully targeted an expansion of the area of oxide gold mineralization first drilled by Revival Gold in the Haidee area at Arnett in 2018.   

All seven drill holes intersected gold mineralization in moderately altered and/or faulted granite. An interpretation of local controls on mineralization and faulting in the Haidee area is underway. 

A further 15 core holes have been drilled in the Haidee and Haidee West areas in connection with Revival Gold’s summer 2019 drill program. 

Revival Gold released key results from a 404 line-kilometer aeromagnetic geophysics survey and interpretation undertaken on Arnett and Beartrack earlier.  The aeromagnetic data from Arnett was merged with historical aeromagnetic data from the Beartrack property to create a complete picture of the geology on Revival Gold’s Beartrack-Arnett land position.

The Company also recently completed a 12 square-kilometer soil sampling program on a 100 meter by 150-meter grid at Arnett. Geological mapping, geophysics and results from the soil sampling program will be used to further develop and refine both new and old drill targets. A second phase of metallurgical test work on sulphide material from Beartrack has begun under. Sample material is being composited and tested.

The focus of this year’s metallurgical testing at Beartrack will be on optimizing flotation results while maintaining recovery.  The program will also further assess methods for recovering gold from flotation concentrate, including ultra-fine grinding and pressure oxidation.

Initial bottle roll testing of the mineralized material at Arnett will be undertaken later this year to validate historical metallurgical test results. 

The company’s address is 145 King St. W., Suite 2870, Toronto, ON M5H 1J8, (416) 366-4100, www.revival-gold.com.