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Source: Streetwise Reports 02/08/2020 The new numbers and potential for further growth are discussed in an Echelon Wealth Partners report. In a Feb. 3 research note, Echelon Wealth Partners analyst Gabriel Gonzalez reported that Revival Gold Inc.’s (RVG:TSX.V) updated mineral resource estimate for Beartrack-Arnett Creek hit its target of 3 million ounces of gold (3 Moz), up from 2 Moz, and further upside remains. “We believe that Revival has the potential to demonstrate additional resource growth potential to drive further project value,” Gonzalez commented. Both the mill resource and heap-leach resource were updated. The new total mill resource, including Indicated and Inferred ounces, is 2.4 Moz gold at a grade of 1.47 grams per ton (1.47 g/t). This reflects a 46% growth in ounces and a 3% increase in grade over those in the previous estimate. The new total heap-leach resource is 580,000 (580 Koz) gold at a grade of 0.56 g/t. These updated amounts changed from the previous ones by +76% and -23%, respectively, “with the decrease due to the exclusion of historical RC drill holes from the estimate, and a conservative 75% assumed metallurgical recovery (compared to >90% in preliminary bottle roll tests).” Gonzalez pointed out that further heap-leach resource potential exists. For Beartrack specifically, the total resource now stands at 384 Koz, up 16%, at a grade of 0.55 g/t, down 24%. The differences in those numbers are due to use of a 15% lower mining cost of $2.25 per ton and a lower cutoff grade of … Continue reading →