(Kitco News) - Revival Gold (TSXV: RVG) today reported an updated indicated mineral resource of 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold, an increase of 56% over the 2020 indicated mineral resource, on the company’s Beartrack-Arnett gold project located in Idaho, USA.
The company also reported an updated inferred mineral resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold, an increase of 19% over the 2020 inferred mineral resource.
Importantly, the company said that within the indicated mineral resource, open pit heap leach contained gold increased by 49% and open pit mill contained gold increased by 58%.
"The upgrade in indicated mineral resources provides increased confidence in the quality of the resource and will help facilitate planned completion of a preliminary feasibility study on the potential restart of gold production at Beartrack-Arnett," Revival noted in a press-release.
The company said that mineralization at Beartrack remains open along strike and at depth, adding that mineralization at Arnett remains open in all directions. Exploration continues with 7,000 meters of planned drilling scheduled to begin later this month.
Revival Gold is advancing the Beartrack-Arnett gold project located in Idaho, USA. Beartrack-Arnett is the largest past-producing gold mine in Idaho. Engineering work has been initiated on a preliminary feasibility study for the potential restart of heap leach operations.
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