Extends Haidee Zone With 2020 Drilling Results
Revival Gold Inc.(TSXV: RVG) has received promising results from the final seven drill holes from the company’s 2020 drilling programme on the Haidee zone at the past-producing Beartrack-Arnett Gold Project located in Idaho, USA.
The seven core holes were drilled in the Haidee zone to upgrade and expand the resource. All holes intersected near surface oxidized gold mineralisation. The Haidee zone remains open and now extends over 600m of strike and projects across strike and up dip about 400m.
Highlights
- 0.55 g/t gold over 16.7m in AC20-054D
- 0.53 g/t gold over 20.5m and 0.25 g/t gold over 31.7m in AC20-066D
- 0.61 g/t gold over 18.6m in AC20-067D
- 0.56 g/t gold over 22.6m, 0.79 g/t gold over 14.5m and 0.69 g/t gold over 16.3m in AC20-069D
“Revival Gold exceeded expectations for the 2020 drilling programme at Haidee. With complete results from all thirty drill holes now in hand, we can see that the footprint of near-surface oxide gold mineralization has indeed grown,” President and CEO, Hugh Agro, said.
“The programme further reveals additional stacked mineralized structures extending up dip to the north-east. Haidee remains open in all directions and offers the potential to significantly increase the mine life and reduce the expected strip ratio for the planned first phase heap leach operation at Beartrack-Arnett.
“Further Beartrack-Arnett drill results from additional zones are expected next month. Meanwhile, preparations have begun to resume resource expansion drilling in the spring,” Mr Agro said.
Drillholes AC20-054D, 56D, 61D and 66D were drilled along the northeastern margin of the existing mineral resource. The holes indicate that the Haidee deposit extends up-dip into the gold soil anomaly northeast of the current resource. The anomaly is largely untested by drilling to-date.
Holes AC20-067D and AC20-068D were drilled at the northern and southern ends of the existing mineral resource respectively and indicate that mineralisation continues in both directions. AC20-069D was drilled to the southwest and encountered several zones of mineralisation. The area represents a future drill target with potential to add to the existing Haidee mineral resource.
Ten core holes were completed at Beartrack in 2020 for approximately 3,500m of drilling. Complete assay results for all holes are expected within the next four weeks.
Revival Gold’s review of the data collected during the 2020 exploration program is underway. This includes data from drilling, Induced Polarization-Resistivity surveys at Arnett and Beartrack and geologic mapping at Arnett.
Revival Gold is working with Mira Geoscience, a geological consulting firm with expertise in three-dimensional modelling and artificial intelligence, to integrate all drilling data, including historical blast hole drilling from the Beartrack mine, geological, geochemical and geophysical data to generate a three-dimensional model of the mineral systems at Beartrack-Arnett.
The aim is to improve the company’s understanding of mineralisation controls at the deposit scale, the controls on higher grades within the deposits and to identify additional exploration targets beyond the known resource.
Revival Gold is also preparing for the 2021 field season. Exploration plans are currently being developed for a 5,000 to 10,000m drilling programme, ground geophysics in the Rabbit area and additional field work on newly staked ground in the Arnett area.
In addition to ongoing exploration, Revival Gold is finalising plans for a programme of geotechnical and hydrological drilling, further metallurgical testing and environmental and mine permitting preparations. Details and planned expenditures will be finalised by the end of the current quarter.
