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Be the first with the news that moves the market- Revival Gold (RPG) has doubled its 2020 drilling program at the Beartrack-Arnett gold project in Idaho
- Revival Gold had previously outlined a 5,000-metre drilling program for the project, which has now been boosted to 10,000 total metres of drilling
- The project is divided into two properties, the Beartrack property and the Arnett property, which hosts the largest formerly producing gold mine in Idaho
- At the Arnett property, work will include 3,000 metres of resource expansion drilling, following mineral strikes already identified by Revival
- Revival Gold (RPG) is down 2.9 per cent and is trading at C$0.98 per share
Revival Gold (RPG) has doubled its 2020 drilling program at the Beartrack-Arnett gold project in Idaho.
Revival Gold had previously outlined a 5,000-metre drilling program for the project, which has now been boosted to 10,000 total metres of drilling.
The project is divided into two properties, the Beartrack property and the Arnett property, which hosts the largest formerly producing gold mine in Idaho.
At the Arnett property work will include 3,000 metres of resource expansion drilling, following mineral strikes already identified by Revival.
The company will also drill an additional 2,000 metres of infill drilling to upgrade the Haidee resource into the inferred category.
Revival will also test the yet un-drilled Rabbit area of the property, to determine the scale of the mineralised system on the Beartrack property. These targets are two and three kilometres south along trend from the existing Beartrack mineral resource.
Finally, the company will drill in the Joss area, following up on high grade intercepts found from a prior drill hole, testing the area between the northern and southern pit.
Revival Gold’s President and CEO Hugh Agro said the extended exploration program was the largest at Beartrack-Arnett since the 1990’s.
“We will spend approximately $6 million on exploration and we will test several potential game-changing targets on the project.
“At the same time, we expect a delver a preliminary economic assessment on the existing open pit heap leachable resource before year-end and will advance other technical study work on both heap leach and mill material as recommended in the company’s February 2020 technical report,” he said.
Revival Gold (RPG) is down 2.9 per cent and is trading at C$0.98 per share at 12:30 pm EDT.
