Revival Gold
Inc. (TSXV: RVG,
OTCQX: RVLGF) (“Revival Gold” or
the “Company”), is pleased to announce favourable results from a
third stage of metallurgical testing on mill (or sulphide) material
from the Beartrack-Arnett Gold Project (“Beartrack-Arnett” or, the
“Project”) located in Lemhi County, Idaho. The objective of this
testing program was to evaluate the flotation performance of the
high-grade component of sulphide material at Beartrack-Arnett and
assess its potential to yield a salable concentrate.
Highlights
- The composite
sample was assembled from 21 individual samples of core to
mimic the tenor of high-grade mill material at
Beartrack-Arnett.
- Results demonstrate
gold recoveries of 93% to concentrate from a
composite sample grading 4.6 g/t gold.
- A
concentrate grade of 50 g/t gold was achieved with
a relatively coarse particle grind size
(P80) of 150 μm and a
resulting mass pull of just 8.9%.
- The corresponding
sulphide sulphur grade of the concentrate was 23%
with a sulfide sulfur recovery of 98%.
“Revival Gold remains focused on continuing to
expand and prepare the open pit heap leach restart phase at
Beartrack-Arnett,” said Hugh Agro, President & CEO. “Meanwhile,
work continues to advance and de-risk a potential mill phase for
the Project. Today’s announced test results support a potential
mill development concept that would involve the production and sale
of concentrate rather than the construction of a complete onsite
gold production facility for the Project. This approach could
greatly simplify and reduce the potential capital cost of
developing a second phase mill operation at Beartrack-Arnett,” Agro
added.
This year’s metallurgical testing program on
Beartrack-Arnett mill material was undertaken by Kappes Cassiday
Associates Inc. (“KCA”) and followed up on prior metallurgical test
programs completed on Beartrack-Arnett mill material in 2018 and
2019 (see Revival Gold news releases dated October 15th, 2018, and
December 5th, 2019, and current mill material base case processing
assumptions detailed in Revival Gold’s National Instrument 43-101
Technical Report on the Beartrack-Arnett Heap Leach Project dated
August 2nd, 2023). The program involved the following steps:
-
Analysis of lithology, grade, depth, and oxidation level to guide
composite sample selection.
-
Preparation of a composite sample from 21 samples of coarse reject
material from Joss area core drilled during 2022.
-
Batch scale variability testing to establish the preferred grind,
rougher kinetic and cleaner flotation testing conditions, and
reagent dosages.
- Locked cycle flotation
testing with 7 cycles of cleaner tailings recycling.
Results are considered preliminary. Further
metallurgical testing on high-grade mill material across various
areas of the known deposit has been recommended by KCA to help
determine potential key operating criteria and economics for a
concentrate shipping alternative for Beartrack-Arnett mill
material.
Qualified Persons
John P.W. Meyer, P.Eng., Vice President
Engineering and Development, is the Company’s designated Qualified
Person for this news release within the meaning of National
Instrument 43-101 Standards of Disclosure for Mineral Projects and
has reviewed and approved its scientific and technical content.
About Revival Gold Inc.
Revival Gold is a growth-focused gold
exploration and development company. The Company is advancing the
Beartrack-Arnett Gold Project located in Idaho, USA.
Beartrack-Arnett is the largest past-producing
gold mine in Idaho. The Project benefits from extensive existing
infrastructure and is the subject of a recent Preliminary
Feasibility Study for the potential restart of open pit heap leach
gold production operations.
Since reassembling the Beartrack-Arnett land
position in 2017, Revival Gold has made one of the largest new
discoveries of gold in the United States in the past decade. The
mineralized trend at Beartrack extends for over five kilometers and
is open on strike and at depth. Mineralization at Arnett is open in
all directions.
Additional disclosure including the Company’s
financial statements, technical reports, news releases and other
information can be obtained at www.revival-gold.com or on SEDAR+ at
www.sedarplus.ca.
For further information, please contact: Hugh
Agro, President & CEO or Melisa Armand, Manager, Investor
Relations, telephone: (416) 366-4100 or email:
info@revival-gold.com.
Cautionary Statement
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
This press release includes certain
"forward-looking information" within the meaning of Canadian
securities legislation and “forward-looking statements” within the
meaning of U.S. securities legislation (collectively
“forward-looking statements”). Forward-looking statements are not
comprised of historical facts. Forward-looking statements include
estimates and statements that describe the Company’s future plans,
objectives or goals, including words to the effect that the Company
or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
“believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,
“would”, “will”, or “plan”. Since forward-looking statements are
based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently
available to the Company, the Company provides no assurance that
actual results will meet management’s expectations. Risks,
uncertainties, and other factors involved with forward-looking
statements could cause actual events, results, performance,
prospects, and opportunities to differ materially from those
expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, the Company’s objectives, goals and future plans,
and statements of intent, the implications of exploration results,
mineral resource/reserve estimates and the economic analysis
thereof, exploration and mine development plans, timing of the
commencement of operations, estimates of market conditions, and
statements regarding the results of the pre-feasibility study,
including the anticipated capital and operating costs, sustaining
costs, net present value, internal rate of return, payback period,
process capacity, average annual metal production, average process
recoveries, concession renewal, permitting of the project,
anticipated mining and processing methods, proposed pre-feasibility
study production schedule and metal production profile, anticipated
construction period, anticipated mine life, expected recoveries and
grades, anticipated production rates, infrastructure, social and
environmental impact studies, availability of labour, tax rates and
commodity prices that would support development of the Project.
Factors that could cause actual results to differ materially from
such forward-looking statements include, but are not limited to
failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to maintain the
modelling and assumptions upon which the interpretation of results
are based after further testing, the inability to complete a
feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, changes in regulatory
requirements, political and social risks, uncertainties relating to
the availability and costs of financing needed in the future,
uncertainties or challenges related to mineral title in the
Company’s projects, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity and in particular gold
prices, delays in the development of projects, capital, operating
and reclamation costs varying significantly from estimates, the
continued availability of capital, accidents and labour disputes,
and the other risks involved in the mineral exploration and
development industry, an inability to raise additional funding, the
manner the Company uses its cash or the proceeds of an offering of
the Company’s securities, an inability to predict and counteract
the effects of COVID-19 on the business of the Company, including
but not limited to the effects of COVID-19 on the price of
commodities, capital market conditions, restriction on labour and
international travel and supply chains, future climatic conditions,
the discovery of new, large, low-cost mineral deposits, the general
level of global economic activity, disasters or environmental or
climatic events which affect the infrastructure on which the
project is dependent, and those risks set out in the Company’s
public documents filed on SEDAR+. Although the Company believes
that the assumptions and factors used in preparing the
forward-looking statements in this news release are reasonable,
undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can
be given that such events will occur in the disclosed time frames
or at all. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, other than
as required by law.
Revival Gold (TSXV:RVG)
過去 株価チャート
から 4 2024 まで 5 2024
Revival Gold (TSXV:RVG)
過去 株価チャート
から 5 2023 まで 5 2024