Revival Gold (TSX-V: RVG) CEO Hugh Agro on Drilling at the Beartrack and Arnett Creek Projects & the Expertise Dianne Garrett Adds to the Board

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the 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: It's great to catch up. You and I had the opportunity to chat at the New Orleans Investment Conference. I found the conference – and I say this every year, it's one of my favorite conferences. Brien Lundin and his team do an excellent job of getting great exhibitors – Revival Gold was one this year – and also a great crowd. It was also well attended.

I’d love to get your take first off on the conference and then let's talk about the latest bit of news, because I had a lot of questions about Revival while I was there.

Hugh Agro: I would echo your sentiments on the conference. It is super. Very well attended both from individuals and from corporates in the exhibit hall. The buzz was palpable. I think folks are starting to see there's a bottoming out here and they're getting a little more aggressive with looking at opportunities. So definitely a good sentiment there. A very good conference that Brien runs and we were delighted to be part of it.

Gerardo Del Real: Well, this interview here is timely, Hugh, so I want to thank you for taking the time. The gold market's pulling back a bit and the shares of Revival recently have pulled back a bit. A large part of that pullback was due to the fact that a company was marketing shares. It had a block of shares that I know was being marketed. That now I understand is behind us. That block has been crossed. It's in strong hands now and I anticipate that even with a soft gold market, shares of Revival, which I feel are really undervalued right now, got a lot of runway.

News recently kind of speaks to that. You had a release on the 1st of November. You intersected 1.88 grams per tonne gold over 115 meters, and 1.74 grams per tonne gold over 49 meters at Beartrack. Another standout from the news release was the fact that you hit mineralization about 700 meters south of the existing resource. Can we talk about the release, the numbers and that numbers that you're getting out of Joss?

Hugh Agro: Yeah. Joss is pretty important to us, because of course it's outside of the existing resource and it extends the scope of what we have there. That's the number one objective for this year's program at Beartrack, extend the existing resource and extend the scope of that resource. As you say, 700 meters south of the existing resource. We're now into Joss with two holes of our own program.

There's three legacy holes in there and we've got another couple to go. That should start to put a pin in the Joss area and significantly improve on what we have in terms of a resource there.

Gerardo Del Real: How is drilling coming along? I understand you still have rigs turning, correct?

Hugh Agro: Yeah, we're just about to wind it up here. By the end of this month we'll have all three rigs wound up with their programs. We'll have got just about 9,000 meters of drilling in and the results to come are on their way.

Gerardo Del Real: Fantastic. You're also doing some met work that is important to the company and to shareholders. Can we get an update there?

Hugh Agro: Yes, we released initial met results a couple of weeks ago and the results really give us a good feel for the flotation of the sulfates. That was the focus. The next step for us will be for us to look at oxidation processes to improve on the recovery and the overall flowsheet. So we'll put together samples for that over the course of the winter and get those into a lab.

The program is yet to be defined in detail, but generally speaking we'll be looking at pressure oxidation, we'll be looking at Albion process, we'll be looking at ultra-fine grind and what we can do to improve upon our processes. It's a long-term initiative, but it's important as we want to start thinking about a PEA by the time we get into 2020, subject to our results continuing as they are.

Gerardo Del Real: Excellent. Now in the near term, not only do we have drill results pending from Beartrack, but we also will get results from Arnett. Is that right, Hugh?

Hugh Agro: That's correct. We've got about 1,000 meters of drilling that will wind up this month, 6 holes. So, in addition to the holes at Beartrack to come, we'll have those over the next couple of months. We're really looking forward to that because that's our first drilling into the Arnett Project. As you know, we're permitting for 52 additional drill pad locations across that property positioned for next year, but we're going to get a taste of it later this year with those results that are underway now.

Gerardo Del Real: I always make it a point when I speak about Revival Gold to point out the deep understanding of the capital markets that you have, you and the team. It's an excellent team. You've made some additions recently that kind of reinforce that.

Are you still looking to potentially bring in an accretive asset or an asset that makes sense to the Revival portfolio? Or is the focus solely on Beartrack? I know that's the flagship.

Hugh Agro: We have very good pricing in the sector right now. So this is one of those rare opportunities where good assets come available for a good price. So we definitely have our eyes open for that possibility. But as you know and as you've said, Gerardo, we are disciplined. So unless we find something that really makes sense for our shareholders and is complementary to what we're doing at Beartrack, takes us further along that path of delivering real returns and cash flow back to our shareholders, we'll bide our time.

So absolutely Beartrack Arnett is our focus. We're getting great results out of the project. We don't want to dilute our interest and our focus on that project, so we'll continue to keep our eyes open for opportunities as they're very well priced right now. But we'll be disciplined and our overall objective is to deliver value for shareholders.

Gerardo Del Real: Can we talk a bit about the addition earlier in the year of Diane Garrett? I've seen her speak in the past. I'm familiar with her track record of success. I had the pleasure of meeting her formally for the first time in New Orleans. Again, like you has a deep understanding of the capital markets, is really successful. I thought it was an excellent addition that was overlooked by the market. Can you talk a bit about the thinking there?

Hugh Agro: Bottom line, she took a $20-million-dollar company and turned it into a $1-billion-dollar company. It was ultimately sold to Oceana and the playbook that Diane followed with the Romarco Haile Project is very much what we envisioned for Beartrack.

These U.S. projects have a double benefit. They're leveraged to the price of gold of course because we're 100% gold. But also they're in the United States which means that if the U.S. dollar takes a dive here, which is one of the things that I think a lot of economic forecasters are looking ahead to, we've got the benefit of that in these projects, these U.S. projects. It's unique to projects in the United States. Diane's done that before with the Haile project, so great leadership addition to our team and she's a huge draw for our company. As you saw in New Orleans, she's got a lot of fans out there.

Gerardo Del Real: Absolutely. She also has a Ph.D. in Engineering from the local university here in Austin, University of Texas. So go UT. That always of course makes for an extra good interview if I can get her online. If you can make that happen, Hugh, I would love to interview Diane and chat with her a bit.

Hugh Agro: We'll make that happen. Your listeners would love to hear from her.

Gerardo Del Real: Fantastic. Hugh, thank you so much for your time. Anything else that you'd like to add?

Hugh Agro: Go gold. I know it's trying our patience here, but good companies will surface value for shareholders and certainly at Revival Gold we've got a lot of news flow to come. So keep your eye on us, Gerardo.

Gerardo Del Real: In the words of Rick Rule, everybody wants to be a contrarian when it's popular. Folks, that's not the way it works. This is the “buy low” part of the equation. You can't sell high if you don't buy low and I think this is a good buy low moment.

Hugh Agro: Thank you, Gerardo.

Gerardo Del Real: Thank you, Hugh.