By Cory
Source: Market Wired Recent Headlines
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Revival Gold Provides Exploration Update and Accelerates Timing for Beartrack Resource Estimate
Here is the latest news on Revival Gold (TSXV: RVG, OTCQB: RVLGF). This is a stock we have started covering thanks to some positive feedback I received from a number of newsletter writers – click here to listen to a recent interview with David Erfle where he outlines to opportunities he sees in Idaho.
I will be having Hugh Argo, President and CEO on the show for a full overview of this news. Please email me with any questions you have – Fleck@kereport.com.
Click here to visit the Revival website.
Click here to listen to the recent interview with Hugh.
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Toronto, ON – February 26, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, reports on recent exploration activities and accelerates timing for the completion of an updated NI-43-101 Technical Report, including an updated mineral resource estimate, at the past producing Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho.
Highlights
Revival Gold has finalized an update of the Beartrack drill hole database incorporating 13,737 meters of core drilling that was completed in 2012, 2013 and 2017; geological modeling of the deposit is also nearing completion;
Comparisons between Revival Gold’s 2017 confirmation core drilling assay results and historical core and reverse circulation drilling assays results have demonstrated that the two data sets have similar gold distributions;
Revival Gold’s Board of Directors has unanimously approved a C$4.5 million 2018 exploration program at Beartrack, including 8,000 meters of core drilling expected to commence in May; and,
The timing for delivery of an updated NI-43-101 Technical Report, including an updated mineral resource estimate for Beartrack, has been accelerated and is now expected by mid-year 2018.
“With the success of the 2017 core drilling program, we have determined that no further confirmation drilling of historical drill results at Beartrack will be undertaken at this time. Revival Gold has therefore accelerated work to complete an updated NI 43-101 Technical Report, including an updated mineral resource estimate, for Beartrack by mid-year 2018”, said Hugh Agro, President & CEO. “Revival Gold’s 2018 drill program will be redirected – principally toward resource expansion opportunities along strike and at depth”, he added.
Details
On August 30th, 2017 Revival Gold signed an earn-in agreement with Meridian Gold Company (“Meridian”), a subsidiary of Yamana Gold Inc., which allows Revival Gold to acquire a 100% interest in Meridian Beartrack Co. (“Meridian Beartrack”), owner of Beartrack. For further transaction details, please see Revival Gold press release dated September 7, 2017.
In mid-November 2017, Revival Gold completed the initial 3,024 meters of a planned 11,000-meter core drilling program at Beartrack. Ten of the twelve holes drilled in 2017 targeted near-surface oxide and transitional mineralization in the Ward’s Gulch and South Pit areas with the intention of confirming historical drilling completed by Meridian Beartrack in preparation for an updated NI-43-101 Technical Report, including an updated mineral resource estimate, at Beartrack.
A quantitative review of Revival Gold’s 2017 confirmation core drilling assay …read more
Source:: The Korelin Economics Report
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