Core Of Consistent High-Grade Gold Identified
Revival Gold Inc. (TSXV: RVG) has received positive results from a new appraisal of drill results and the recognition of a high-grade core of gold mineralisation that is being evaluated for its underground potential at the past-producing Beartrack-Arnett Gold Project in Idaho, USA.
The appraisal was initiated earlier this year in response to Revival Gold’s 2020 drilling results, the relogging of previously drilled core and fresh geological insights developed by the company’s exploration team led by Vice President Exploration, Steve Priesmeyer, with input from consulting geoscientists, Mira Geosciences Ltd., and Technical Advisors, 2021 Bill Dennis Award Winner, Phil Walford and noted international explorationist, Laurie Curtis. Key findings are as follows:
- Based on wide-spaced drilling, there appears to be a core of consistent high-grade sulphide gold mineralisation that extends over one km from the south end of the South Pit area through to the south end of the Joss area.
- The high-grade mineralisation is situated within the near-vertical Panther Creek Shear Zone (PCSZ). Intersections run from 4 – 9 g/t gold and are estimated to range between 1 – 5m in true width.
- Mineralisation at Joss has been tested over 300m vertically and extends to approximately 500m below the surface where it remains open at depth.
- The core is enveloped within a larger lower-grade halo of gold mineralisation, some of which has been previously analysed and included in the bulk underground mineable component of the 2020 Mineral Resource at Beartrack-Arnet.
- The zone is open to the south. To the north, the mineralisation continues into the South Pit area, which hosts additional open pit and bulk underground mineable Mineral Resources.
“Efforts by Revival Gold’s exploration team have resulted in a game-changing development at Beartrack-Arnett. Our previous focus on bulk tonnage mineralisation has been transformed with an increased understanding of high-grade gold mineralisation on the project,” President and CEO, Hugh Agro, said.
“This development opens the possibility for the project hosting a potentially large, high-grade ore body with additional bulk underground mining potential at Joss and elsewhere, as the entire five-km strike length of mineralization along the Panther Creek Shear Zone is open at depth.
“Revival Gold recently received approval for an additional Plan of Operations to drill in the Joss-Rabbit target area and we will resume drilling there as a priority this spring.”
Revival Gold recently received approval from the U.S. Forest Service for a new Plan of Operations which will expand the company’s drilling opportunities in the Joss-Rabbit corridor. The new Plan will provide for an additional 21 drill pad locations and greater flexibility for resource definition.
Future drilling between the south end of the South Pit through Joss will focus on improving confidence in the scale and continuity of mineralisation in this area (both horizontally and vertically).
