Categories: Precious Metals
Topics: General Precious Metals

Revival Gold (TSX-V: RVG)(OTC: RVLGF) CEO Hugh Agro on Hitting 7.9 g/t Gold Over 2.9 Meters and 2.0 g/t Gold Over 47.4 Meters at Beartrack-Arnett

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Revival Gold, Mr. Hugh Agro. Hugh, how are you today?

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

Gerardo Del Real: Let's get right into it. The impressive results from the company's 2022 drilling program at the Beartrack-Arnett Gold Project, continue to come in. The most recent was an intercept of 7.9 grams per tonne gold over 2.9 meters, and 2 grams a tonne gold over 47.4 meters. The important part to me, and I think it was a bit overlooked, was where you're finding this high grade mineralization, and the context within the structures where you're hitting on this high grade mineralization. So I thought I'd reach out, have you on, and let you provide that context. You have to be excited.

Hugh Agro: We are, and thank you. The team has been working, as you know, in the Joss area over the last couple of years where we've got now a kilometer strike with about 7.7 grams per tonne gold on average in the core area of mineralization, surrounded of course by this halo extending over 45 meters average drilled width, and just under 3 grams beyond. So this is exciting in the Joss area, but as you point out, this hole 243 out of the South Pit area, is in a new high grade potential location for us.

We have done, of course, extensive drilling around this area in the past, and have a resource developed, but this is telling us that we do have high grades here, beyond the open pit mill resource that we have there, and the potential to string things together. And it's the same tenor of mineralization, same grades that we're seeing in the Joss area. So this is exciting for us in terms of opening up potential for more high grade at Beartrack-Arnett.

Gerardo Del Real: You have, and you mentioned this, you referenced the 1.2 kilometers to the south where there's similar grades, but you have multiple kilometers of this favorable structure, and so I know we're still waiting on assays. What comes next, Hugh?

Hugh Agro: We've got another hole in the Joss area. It's basically between this hole we've just released, and some of our most southerly drilling at the Joss area, so we'll have that. And then of course, we also this year, drilled in the Haidee oxide open pit satellite area, and that's off to the west of the main project area. And got about 18 drill holes to come from that area. We'll be releasing those later in December, into January, and so lots of news to come.

Gerardo Del Real: You're starting to crystallize the multiple options that Revival has when it comes time to make a production decision. We've talked before, Hugh, about the multiple phases that you have available to you. One of course being an open pit option, but now it's pretty clear to me that an underground mining option is becoming a whole heck of a lot more economic. Any thoughts there?

Hugh Agro: Well, it's a pipeline really, that we've developed now, and the first stage in that pipeline of potential gold production is the heap leach restart. The PFS is due mid '23, so we're about seven months from having that out for the market. In the meantime, we've got drill results coming from this year's drilling, and as part of our program, we're of course continuing to develop the sulfide mill potential. And I think the second aspect of this project will be underground and it will be in these kinds of grades that we're releasing most recently in the South Pit area, but also of course in Joss. And then beyond that, as we continue on with that pipeline, we're building out open pit potential and we have that open pit potential elsewhere, along that 5.6 kilometers now of mineralized trend at Beartrack. So yes, we are crystallizing the steps here and it's looking very favorable. Very excited about how this is coming together for the team.

Gerardo Del Real: Hugh, thank you so much for the update. Looking forward to having you back when we get more assays. Thanks again.

Hugh Agro: You bet.

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