Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) is focusing on mapping and surface sampling in underexplored areas of its Beartrack-Arnett property in Idaho.
The company said this on Thursday as part of a collective update on its exploration and development activities on the company’s gold development projects.
Additionally, Revival has scheduled a polarization survey to map additional prospective structures within the Leesburg Basin in the Sharkey target area. They have also planned a forty-line-km ground magnetics survey to cover the Ridge Target, aiming to better understand the structural environment of favourable drill results from the 2023 drilling program.
Revival Gold plans to initiate work next quarter on a draft plan of operations for Beartrack-Arnett. Meanwhile, they are re-evaluating the potential heap leach restart mine permitting schedule and collecting baseline data for the project.
The Beartrack-Arnett property, located in Lemhi County, Idaho, is part of a prolific mining region with several notable nearby projects.
To the west-southwest lies Perpetua Resources‘ (TSX: PPTA) (NASDAQ: PPTA) Stibnite Gold Project, renowned for its substantial gold-antimony deposits and historical mining activity.
Additionally, Integra Resources‘ (TSXV: ITR) (NYSE: ITRG) DeLamar and Florida Mountain Projects are situated further southwest and contribute significantly to Idaho’s mining landscape.
Nearby, U.S. Gold Corp.‘s (NASDAQ: USAU) Challis Property, positioned to the southwest of Beartrack-Arnett, further underscores the mineral-rich nature of this region, known for its diverse and extensive mining potential.
Revival Gold Provides Update On Exploration and Development Program.
TSXV: RVG // OTCQX: RVLGFhttps://t.co/3DyxDdkrp7 pic.twitter.com/TrZn6d0hfV
— Revival Gold Inc. (@revivalgoldinc) June 13, 2024
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Historical review of Mercur property is under way
The company has also contracted Kappes Cassiday Associates (KCA) as the principal consulting engineering firm to prepare a Preliminary Economic Assessment (PEA) for the recently acquired Mercur Gold Project in Utah, USA, targeting completion by the end of Q1 2025.
In support of the PEA, KCA has initiated five-column leach metallurgical tests on geologically representative drill core composites from Mercur to update heap leach recovery estimates, with initial results expected within the next two months.
Concurrently, a detailed review of Mercur’s historical data is under way, involving the scanning of paper format drill data, reports, metallurgical test results, and production data to enhance the current geological and geochemical model for the project.
“We are well under way with metallurgical and engineering studies at Revival Gold’s recently acquired Mercur project and are pleased to have the Company’s exploration team now back in the field at Beartrack-Arnett,” said Hugh Agro, president and CEO.
“Revival Gold is funded to deliver meaningful results over the next year from our portfolio of 100% pure gold development projects in the western United States.”
Later this year, the exploration team will move to Mercur to conduct a property-wide assessment, selective geochemical sampling, and reconnaissance, focusing on the stratigraphic section to evaluate the potential of previously underexplored geologic units that host economic gold mineralization.
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