Revival Gold Inc. (RVG:TSX.V) reported in a news release that additional drill results from its Arnett project in Idaho continue to expand the oxide gold target there.
Specifically, six holes were drilled in the Haidee target, and all of them hit near-surface oxide mineralization in altered and/or faulted granite, primarily along the system's northern flank.
Intercept highlights from those holes include: 0.44 grams per ton (0.44 g/t) gold over 16.8 meters (16.8m) and 1.95 g/t gold over 20m, from AC19-27D. Hole AC19-28D returned 18.3m of 0.44 g/t gold. Hole AC19-29D showed 0.64 g/t gold over 30.2m and 0.72 g/t gold over 11.3m.
Additionally, three holes were drilled in the Haidee West target, and two encountered near-surface sulfide mineralization hosted by altered granite.
Whereas the results from Haidee West are similar in grade and width to those from Haidee, "gold generally occurs in association with unoxidized pyrite," the released noted. As such, Revival is doing more work on interpreting the controls on mineralization and faulting in the two target areas.
Also, the company intends to release the pending results for the final six holes of the summer 2019 drill program when they become available and update the resource estimate for the entire Beartrack-Arnett project by the end of Q1/20.
[NLINSERT]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Revival Gold, a company mentioned in this article.
