Categories: Precious Metals
Topics: General Precious Metals

Revival Gold (TSX-V: RVG) CEO Hugh Agro on Drill Programs Currently Underway at the Arnett & Beartrack Gold Projects

Oct. 5, 2018

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest.  Joining me today is President and CEO of Revival Gold (TSX-V: RVG)(OTC: RVLGF), Mr. Hugh Agro. Hugh, how are you this morning?

Hugh Agro: Very good, Gerardo. Great to be back with you.

Gerardo Del Real: Thanks for taking the time. You just commenced a 7 hole, 1,000 meter core drill program at Arnett Creek. You now have three rigs turning including the two at the flagship, the Beartrack Project. This drill program is exciting to me because not only is their potential for game-changing discovery, but we're also going to understand a lot more geologically about Arnett Creek. And I know that's a big goal for you as you continue to simultaneously drill out Beartrack. And, of course, you have a 2 million ounce gold head start.

Tell me a bit about the drill program and what you're hoping to get out of it.

Hugh Agro: We're really excited to be getting in here. We weren't quite sure we'd get the permits to get through. We were hopeful that we would and we certainly have. The government has been super to work with. The U.S. Forest Service has been super to work with.

We've got in and we're now drilling, as you said, seven holes. The objective here is to define mineralization along about 300 meters of strike. I'm getting ahead of myself. We're going to learn a lot about the system. There's not a lot of outcrop at Arnett so this will allow us to get some rock in the ground and start to understand where the structures are, what they mean and, of course, the grade and extent.

Gerardo Del Real: Now, we're not coming in completely blind to Arnett Creek because the way that I understand it, this will be following up known mineralization from 11 core holes previously drilled by Meridian Gold.

Can we talk about what we do know? I know you've been sampling extensively at Arnett Creek. Some of the results, frankly, have been absolutely fantastic, numbers wise. Can we talk about what we do know about the system?

Hugh Agro: First of all, this is a legacy property. It goes way, way back. It goes back to the first governor of the state of Idaho. A lot of color behind this character. He was an early pioneer in the 1800s. The claim that we're working on was a claim originally staked by him and some of his partners. We're entering an area that's certainly seen work in the past. There's been about 200 RC drill holes across the Arnett Property in the past, most of it in the ‘90s.

Of course with RC drilling you don't get core so you don't really learn a lot about structure and how things are assembling in the system. What we want to do with Revival Gold's core drilling is to understand the system and the bigger picture here. There are, as you point out, 11 core holes from Meridian's work on this property in the Haidee Claim where we're drilling at today. But again, we don't have that core. What we want to do is improve our understanding of the system, understand the big picture in a $1200 gold price environment, rather than a $200 or $300 gold price environment.

Gerardo Del Real: Now I mentioned that this supplements or complements the drilling at the flagship, which is the Beartrack Gold Project. You have two rigs there the way that I understand it. Is that correct?

Hugh Agro: It is. We've got two underway. We're about two-thirds of the way through the 8,000 meters targeted for drilling at Beartrack this year. We're stepping out from the resource that we announced in May to try and get a better handle on the scale of this system. We've got 5 kilometers of strike length that's mineralized and we're exploring along that.

Importantly, we've got another 6 kilometers of strike length in the same geological trend, which is unexplored. We've permitted this year to get in there and drill in some of those areas for next year. So, lots more to do at Beartrack.

The complement with Arnett is that we've got, of course, the infrastructure of Beartrack. We can take advantage of that to the extent where you're putting together leachable material. We can take advantage of that real soon. We're very keen to progress the drilling this year, get back in at Arnett with the 52 drill pads in the process of being permitted for our drilling next year. We'll have a lot to follow up with next year.

Gerardo Del Real: Well, you'll also have a lot of news flow over the coming weeks and months. Hugh, thank you for taking time today. Is there anything that you'd like to add?

Hugh Agro: I just want to point out that we are in a tough market here in the junior gold sector. Folks know that, but if you stick with the guys who are well backed and have meaningful programs underway, I think that pays off in the long run for investors today who can be patient. We're looking at a situation here at Beartrack and Arnett that's in, of course, the United States. So geopolitically benign and from an execution point of view we certainly have the team that can deliver.

Gerardo Del Real: Well, I know you can't say it, but I will, there's easily 3 million ounces between the two properties. I think that within the next 12 months you'll far exceed that number. And I also know that – let me date myself and say – your Rolodex has a lot of names in it and I know that you're always on the hunt to take advantage of markets like this. So it would not surprise me if Mr. Agro continued to use that Rolodex to shareholder advantage.

Is any of that inaccurate, Hugh?

Hugh Agro: You're on top of the story, Gerardo. I'll say that.

Gerardo Del Real: Hugh, thank you so much for your time. You have a great weekend.

Hugh Agro: Okay.

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