Millions More Ounces on the Way in Idaho
Revival Gold (TSX-V: RVG)(OTC: RVLGF) is back drilling at its Beartrack-Arnett project in Idaho.
It’s looking to add to the already three million ounces it has, with five million ounces being the next target.
The bigger resource and the cost-advantages of being a past-producing mine with infrastructure in place will soon be tied together in a preliminary economic assessment.
Revival is well-funded to do this work having just closed a C$15 million oversubscribed placement.
Two rigs are now turning with the focus not just on resource expansion, but new discoveries. It will step out some two kilometers to test an exciting exploration target as well.
CEO Hugh Agro discusses this in our recent interview, which you can find here.
And our in-depth report on Revival is located here for your review.
Revival has been one of the better picks we’ve uncovered at Hard Asset Digest. Shares have more than doubled since we started telling readers about them late last year.
And it remains undervalued with shares trading just over $10 per ounce in the ground with no credit for the additional ounces on the way.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.