Revival Gold Inc. (RVG:TSX.V; RVLGF:OTCQB) expanded this year's drill and geophysics programs at its Beartrack-Arnett gold project in Idaho, it announced in a >news release.
"Revival Gold has ramped up to complete the biggest exploration program to be undertaken at Beartrack-Arnett since the 1990s," President and CEO Hugh Agro said in the release. "We will spend approximately $6 million on exploration."
The Toronto-based company intends to drill another 5,000 meters (5,000m), taking its 2020 campaign to 10,000m. The added drilling will test four targets.
One is the Haidee area at Arnett. There, Revival will drill 10–15 holes over 3,000m along strike from the existing Arnett mineral resource to expand it and infill drill another 10 holes over 2,000m to increase and upgrade the Haidee Inferred resource.
The explorer plans to test two targets in the Rabbit area at Beartrack, which has not been drilled. At those, it plans two to four holes over 2,000m to help determine the scale of the mineralized system at Beartrack.
The final target is the Joss area, where Revival will follow up on previous drilling with four to six holes over 3,000m between the North and South pits.
The company noted that it is also expanding its planned geophysics program. It now will include 21 line kilometers of gradient array induced polarization-resistivity (IP-RES) at Haidee, five line kilometers of dipole-dipole IP-RES at Rabbit and 13 line kilometers of gradient array IP-RES at Joss.
Revival will continue its technical study of heap leach and mill material and work toward delivering a preliminary economic assessment this year, the company reported.
Read what other experts are saying about:
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: Revival Gold. 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.
