Revival Gold Extends Haidee Zone With 2020 Drilling Results From Beartrack-Arnett
TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) — Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth‐focused gold exploration and development company, is pleased to announce results from the final seven drill holes from the Company’s 2020 drilling program on the Haidee zone at the past-producing Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA. 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.
The seven holes released today 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.Highlights0.55 g/t gold over 16.7 meters1 in AC20-054D0.53 g/t gold over 20.5 meters and 0.25 g/t gold over 31.7 meters1 in AC20-066D0.61 g/t gold over 18.6 meters1 in AC20-067D0.56 g/t gold over 22.6 meters1, 0.79 g/t gold over 14.5 meters1and 0.69 g/t gold over 16.3 meters1 in AC20-069D
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.Drill ResultsDrillholes 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.Detailed results for the Haidee target drill holes released today are presented in the table below: