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Tuesday, Feb 18, 2025
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Revival Gold operations show progress in Utah and Idaho

Revival Gold assayed four reverse circulation exploration holes drilled in 2022

Revival Gold operations show progress in Utah and Idaho
Revival Geologist, Cam Egan, at Beartrack-Arnett. Image via Revival Gold.

Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) has made significant progress with its exploration programs at the Mercur gold project in Utah and its geophysical surveys at the Beartrack-Arnett project in Idaho.

The company reported on Wednesday that it has nearly completed electronically scanning approximately 1,900 historical Mercur drill logs. This data will validate the Mercur database and help develop a geo-metallurgical model for its Preliminary Economic Assessment (PEA).

As part of reviewing legacy data at Mercur, Revival Gold assayed four reverse circulation exploration holes drilled in 2022, which the previous operator had left unassayed. These four holes, totalling about 440 meters, were drilled in the Main Mercur area, and results include drill hole EN086, which intersected 0.91 g/t gold over 25.9 meters of drilled width.

Column leach metallurgical tests for the Mercur PEA are ahead of schedule. In addition, five column tests at half-inch crush show faster-than-expected leach kinetics. Revival anticipates full results in September.

Revival will begin exploration work at Mecur in August. It will begin with data compilation, field reconnaissance, and selective geochemical sampling. This work will focus on the stratigraphic section at Mercur to evaluate the potential of previously underexplored geologic units that host economic gold mineralization.

“Revival Gold’s progress with technical programs this year has been encouraging with the Company’s final column leach metallurgical test results at Mercur now expected in September and the Company’s geophysical surveys at Beartrack-Arnett currently being processed to further qualify high value targets for potential future drilling,” said Hugh Agro, President & CEO.

2024 Beartrack-Arnett project geophysical survey location map. Image via Revival Gold.

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Revival Gold finished geophysical survey in the Arnett area

Revival Gold has completed a 42-line-km gradient-induced-polarization ground geophysical survey in the Leesburg Basin to refine its understanding of structural targets, including the Sharkey target area, covered by post-mineral cover south of Joss.

Furthermore, the company has completed a 47-line-km magnetics ground geophysical survey over the Ridge and Shenon Gulch targets in the Arnett area.  The company has used these to define potential structural controls on mineralization. Additionally, Revival is presently processing and interpreting data from both surveys.

Several notable properties and companies surround the Beartrack-Arnett property in Idaho.

To the north, US Gold Corp (NASDAQ: USAU) operates the Challis Property, located in the Challis Volcanic Field.  It is known for its significant gold and silver mineralization potential. To the east, Hecla Mining Company (NYSE: HL) runs the Silver Valley silver mine.

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U.S. Gold Corp is a sponsor of Mugglehead news coverage

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