- Revival Gold (RVG) has completed the initial stage of the company’s 2021 heap leach metallurgical test work program for the Beartrack-Arnett Gold Project
- The Beartrack-Arnett Gold Project is the largest past-producing gold mine in Idaho
- The first stage of the test work program included head analysis, acid base accounting and bottle roll tests, completed in June
- The second stage of metallurgical test work program will consist of twelve standard column tests
- Revival Gold is up 3.08 per cent, trading at $0.68 at 12:07 pm ET
Revival Gold (RVG) has completed the initial stage of the company’s 2021 heap leach metallurgical test work program for the Beartrack-Arnett Gold Project.
The Beartrack-Arnett Gold Project is the largest past-producing gold mine in Idaho.
Sample material, consisting of 1.94 tonnes of material from Beartrack and 0.80 tonnes of material from Arnett, was delivered for analysis in June.
The first stage of the test work program included head analysis, acid-base accounting and bottle roll tests. The second stage of the program consists of column tests and will commence this month.
The primary goal of the test work program is to optimize Beartrack-Arnett heap leach recoveries and build on previous test work used in the company’s 2020 phase one heap leach Preliminary Economic Assessment (PEA).
Results will be used to establish recovery parameters for a heap leach Pre-Feasibility Study, which is scheduled to be completed in the second half of 2022.
“While continuing to drill, Revival Gold is taking steps to optimize and de-risk its first phase heap leach plans for Beartrack-Arnett. Today’s initial results from this year’s heap leach metallurgical program are encouraging and generally consistent with, or more favourable than, the recovery assumptions used in our PEA. Final results from the current metallurgical program, including results from the column tests underway, along with results from the past two year’s exploration drilling, will establish the foundation for a mineral resource update in early 2022, a PFS by the end of 2022 and, potentially, a subsequent decision to proceed with the first phase restart of heap leach gold production at Beartrack-Arnett,” said Revival Gold President and CEO Hugh Agro.
The second stage of the Toronto company’s metallurgical test work program will consist of twelve standard column tests including tests on Beartrack oxide, transition and sulphide mineralization, and Arnett oxide gold mineralization. The tests will also include the evaluation of a mixed sample consisting of 50 per cent Beartrack oxide and 50 per cent Beartrack sulphide material.
Column tests will be undertaken over 120-day, 180-day, 240-day and 360-day periods.
Revival Gold is up 3.08 per cent, trading at $0.68 at 12:07 pm ET.
