Revival Gold Inc. (TSXV: RVG | OTCQX: RVLGF) has announced initial results from the Company’s 2022 drilling programme and provided an update on exploration at its Beartrack-Arnett Gold Project, located in Idaho, U.S.
“This year’s drilling to extend the potential for high-grade mineralization at Beartrack-Arnett has kicked-off with excellent results. We are seeing twice the gold grade and a wider intercept in hole 241D compared with hole 220D, which was located approximately 100 meters above it,” said Hugh Agro, Revival Gold’s president & CEO.
Three core holes targeting the depth extension of mineralization at the company’s Beartrack-Arnett project have been completed in the 2022 programme: two in the Joss area and one in the South Pit area. Hole BT22-241D in the Joss area intersected 6.2 g/t gold over 14.2m within 3.6 g/t gold over 51.5m approximately 100m below hole BT18-220D, the most southerly intersection at Joss to-date (8.84 g/t gold over 3.0m within 1.79 g/t gold over 38.8m).
Hole BT22-242D, also at Joss, intersected what appears to be a similar stockwork to hole BT21-240D in the same Proterozoic Yellowjacket Formation approximately 150m deeper than BT21-240D (4.34 g/t gold over 110.6m drilled width, including 12 g/t gold over 13.7m, and 8.8 g/t gold over 11.8m. Currently, assay results are pending.
A third hole, BT22-243D, was completed at the south end of the South Pit. This hole is intended to extend the trend of higher-grade mineralization at Joss north to the South Pit and intersected stockwork mineralization as well as siliceous breccia within the target zone. Assay results are pending.
Approximately 2,300m of this year’s planned 5,000m core drilling programme have been completed at Beartrack-Arnett since the start of drilling in June. Idaho’s Moose Fire has passed through the company’s land position. All personnel are safe, and buildings and equipment were undamaged. Drilling has resumed with two rigs at Joss.
“The results suggest that grade and widths are improving at depth and confirm the open nature of mineralization to the south at Joss. Drilling continues with two rigs with further results expected later this month,” added Agro.
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