Revival Gold Inc. provided initial drill results from the Joss area at the Company?s Beartrack-Arnett Project located in Idaho. Hole BT26-252D intercepted high-grades in a 100-meter step-out to the south with: 5.4 g/T gold over 32.6 meters drilled width at 568 meters downhole; including 6.4 g/T gold over 19.1 meters drilled width at 573 meters downhole; and, 8.0 g/T gold over 4.3 meters drilled width at 596 meters downhole. Two other completed holes, BT26-251DA and BT26-253D, are also confirmed to have intercepted the target shear zone.
Assay results are pending. Drilling targeted the expansion of the high-grade underground Mineral Resources in the Joss area, last drilled in 2022. Revival Gold has extended the drilling program to 4,900 meters of planned core drilling with two rigs turning.
Additional extensions are being considered. The Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit running north-south on the Panther Creek Shear Zone. In the Joss area, the project hosts an underground Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 grams gold per tonne for 877,000 ounces of gold that is not included in the 2023 first phase open pit, heap leach PFS economics.
BT26-252D was the first hole to reach the PCSZ in this year?s drill program. BT26-252D shows the robust continuity of the system having intercepted mineralization 100 meters south of previously released BT22-241D. The hole was only sampled and assayed within the 46.8-meter zone on the strongest alteration spanning the shear zone.
Additional zones of alteration and veining exist above the intercept, which have not been assayed and are not included in this release. Hole Number Note Azimuth (deg.) Dip (deg.) From (m) To (m) Drilled Width (m) Fire Assay Gold Grade (g/T) BT26-252D 305 -60 572.9 591.9 19.1 6.37 and 595.9 600.2 4.3 7.98 within 567.6 600.2 32.6 5.42. The true thickness of the intercepts is estimated at 40-50% of the drilled width.
BT26-252D was only sampled and assayed within the 46.8 meter zone on strongest alteration spanning the shear zone. Additional zones of alteration and veining exist above the intercept, which have not been fully evaluated. Two additional completed holes, BT26-251DA and BT26-253D, have also intercepted the PCSZ with assays pending.
BT26-251DA intercepted the shear zone approximately 85 meters below historic BT22-241D. BT26-253D intercepted the shear zone approximately 80 meters south of BT25-252D, the hole released today. Intercepting the shear zone does not necessarily indicate the presence or abundance of gold mineralization within the structure.
Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Twin Falls, Idaho.
Gold analyses are performed at the ALS Geochemistry laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab. Gold assays are determined on half sawn PQ and HQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23).
Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief Geologist for the Company.
