TORONTO, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to report on the Company’s 2023 exploration campaign at the Beartrack-Arnett Gold Project (“Beartrack-Arnett” or the “Project”) located in Lemhi County, Idaho, USA.

Highlights

Revival Gold has completed 15 holes and 3,100 meters of this season’s drill program. Assay results have been received for the first two drill holes (AC23-103D and AC23-104D) located in the Roman’s Trench target area.
AC23-104D intersected 0.66 g/t gold over 7.0 meters drilled width and 3.1 g/t gold over 0.7 meters drilled width. AC23-103D encountered quartz-iron oxide veinlets, but no significant gold mineralization.
In addition to drilling at Roman’s Trench, Revival Gold collected thirteen surface rock samples from a road cut on the same target. Values ranged from below detection limit to 11.7 g/t gold with three samples over 3 g/t gold. A follow-up channel sampling program has been initiated.
Planned drilling has been increased from 3,000 meters to 3,400 meters to add two holes in the untested Midlands target area.
The total program incorporates two core holes at Roman’s Trench (completed), two core holes at Ridge, two core holes at Midlands, and 12 core holes up-dip and down dip of the Haidee deposit (see Figure 1 below). Remaining drill results are expected over the course of the next six to eight weeks.
Revival has collected 125 soil samples on six geochemical survey lines over the Coiner Fault on a covered target area located south of Joss. Results are pending.
Dr. Brett Davis, a specialist in orogenic gold systems, completed a site evaluation and assessment of geologic structure at Beartrack-Arnett. Davis concluded that the Coiner Fault System, which includes the well-endowed Panther Creek Shear Zone, consists of multiple, anastomosing structures and that each of these structures represents prospective exploration targets. Davis’ work supports Revival Gold’s orogenic model for gold mineralization at Beartrack-Arnett and resulted in the identification of several new targets for potential high-grade mineralization on the Company’s land position.

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https://www.globenewswire.com/news-release/2023/09/27/2750261/0/en/Revival-Gold-Reports-Initial-2023-Exploration-Results.html