Revival Gold Inc. (TSXV: RVG | OTCQX: RVLGF) has announced that it has completed an acquisition of the ACE Mineral Claims which are located within the company’s Beartrack-Arnett Gold Project located in Lemhi County, Idaho, U.S.
On 12 September 2022, the company paid the remaining US$500,000 option payment under the Bull Run Agreement fulfilling all requirements to acquire a 100% interest in the ACE Claims, consisting of 68 unpatented mineral claims totalling approximately 571ha. The ACE Claims border the known Mineral Resources at Beartrack-Arnett and host several additional prospective gold exploration targets.
“We are pleased to have consolidated a 100% interest in the ACE Claims and to have further strengthened Revival Gold’s land position at Beartrack-Arnett”, said Hugh Agro, Revival’s president and CEO.
According to the company, Beartrack-Arnett is the largest past-producing gold mine in Idaho. Engineering work has been initiated on a Preliminary Feasibility Study for the potential restart of heap leach operations.
Meanwhile, exploration continues, focused on expanding the 2022 Indicated Mineral Resource of 65.0Mt at 1.01g/t gold containing 2.1Moz of gold and Inferred Mineral Resource of 46.2Mt at 1.31 g/t gold containing 1.94Moz of gold. The mineralized trend at Beartrack extends for over 5km and is open on strike and at depth. Mineralization at Arnett is open in all directions.
To find out more, please visit www.revival-gold.com
