Revival Gold Inc.

Revival Gold Inc.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Address ：	145 King St. W., Suite 2870 Toronto, Ontario Canada M5H 1J8
Tel No.：	416-366-4100
Fax No.：	416-352-1655
Web Site：	www.revival-gold.com
E-mail：	info@revival-gold.com
Contact Person：	Adam Rochacewich
Position：	CFO

Company Data

Traded Market：	TSX-V / OTCQB
Traded Symbol：	RVG / RVLGF
Outstanding Shares：	56.1 million
Public Float：	7.8 million
52 Week High：	$ 1.33
52 Week Low：	$ 0.33
Present Price：	Click Here

Introduction

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho, USA. Revival Gold also owns rights to a 100% interest in the neighboring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

A growth Company in Gold

Advancing the Beartrack-Arnett Gold Project located in Idaho

Largest past-producing gold mine in the state
2nd largest deposit of gold in the state
Gold only, multi-million-ounce resource

Outstanding exploration and development potential

Preliminary Economic Assessment (PEA) underway. Deposits open and permitted for drilling

Well positioned

Tight capital structure, good liquidity, institutional backing

CORE PROJECT

Beartrack-Arnett Gold Project, Lemhi County, Idaho

Former producer – open pit, heap leach mine produced 100,000 oz Au per year in 1990's

Land position re-assembled in 2017 (The Project encompasses approximately 5,440 hectares)
Beartrack-Arnett offers the potential for a relatively efficient resumption of heap-leach gold production from the Project's existing operational footprint and infrastructure
Beartrack: Significant potential over +5 km known mineralization trend with multiple targets. Mineralization remains open along strike and at depth.
Arnett: Haidee deposit remains open in all directions
Priority drill targets: Haidee and Rabbit areas
Roscoe Postle Associates Inc. (RPA) updated resource February 2020:

An Indicated Mineral Resource of 36.4 million tonnes at 1.16 g/t gold containing 1.35 million ounces of gold

264,000 oz at 0.58 g/t Au in open pit heap leach
1.0 m oz at 1.5 g/t Au in open pit mill

An Inferred Mineral Resource of 47.2 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold

316,000 oz at 0.54 g/t Au in open pit heap leach
1.3 m oz at 1.5 g/t Au in bulk open pit and underground mill

Mineralization at Beartrack remains open to the north, south and at depth. Mineralization at Arnett remains open in all directions.

Pursuing heap leach re-start and large-scale mill operation

Beartrack Underground Potential

Drill tested to 600 m at depth and open

Higher grades at depth:

8.5 g/t Au over 2.7 m in South Pit area
6.6 g/t Au over 8.2 m, 6.7 g/t Au over 4.5 m, 8.8 g/t Au over 3.0 m in Joss area
71 g/t Au over 9.8 m in the Ward's Gulch area

Resource includes an initial bulk underground component

Aeromagnetic Geophysics Survey Firms Up Arnett Gold Deposit Model

Several near-surface intrusions were identified at Arnett including a 2 km in diameter, shallow (approximately 300-meter deep) strong high-amplitude magnetic anomaly located below the Haidee area.

Favorable Metallurgy

Oxide/Heap Leach Material

Beartrack previously operated as a heap leach mine

Processed at 13,600 tpd of heap leach material with a 2-stage crush to minus 2-inch size
Recovery averaged 88% of cyanide soluble gold (approximately 70% of contained gold)

Arnett has been the subject of past test work including bottle-roll and column leach testing by Kappes Cassidy and Meridian in the 1990's with indicated gold recoveries of 73-93%
2019 bottle-roll tests conducted by SGS under RPA's direction demonstrated gold extractions of 85-95%. RPA has estimated a gold heap leach recovery of 75% for Arnett

Sulphide/Mill Material

Historical work on Beartrack sulphides by Hazen in 1990's
Revival Gold's 1st phase test work on sulphide material in 2018 by SGS indicated favourable gold recoveries into rougher flotation concentrate
2nd phase test work on sulphide material in 2019 by SGS under RPA's direction achieved overall gold recoveries of 94-95%
RPA has recommended a flotation and pressure oxidation flowsheet and 94% recovery for Beartrack sulphides

Investment Highlights

Fast Tracking

Veteran gold team
Substantial resource developed since inception
PEA underway; Permitted to drill

Proven Property

Brownfield site
Past producer at much lower gold prices
Significant “head start” with infrastructure

Compelling Opportunity

Gold price on the rise
Growing interest in N. American gold assets
Attractive valuation of US$13/oz Au (As at June 15th , 2020)

KEY LEADERSHIP

Hugh Agro, B.Sc. (Mining Engineering), MBA, P.Eng., President & CEO

Mining engineer and executive. Former Executive Vice President, Strategic Development of Kinross Gold.

Wayne Hubert, B.Sc. (Chemical Engineering), MBA, Non-Executive Chairman

Former CEO of Andean Resources. Former senior executive with Meridian Gold Inc.

Rob Chausse, B.Comm., CA, Director

CFO of New Gold Inc. and former CFO of Richmont Mines Inc.

Don Birak, B.Sc., M.Sc. (Geology), QP, Director

Former Senior Vice President of Exploration for Coeur Mining, Inc., and Vice President of Exploration for AngloGold North America.

Adam Rochacewich, B.Comm., CPA, CA, Vice President and Chief Financial Officer

Accounting and finance professional. Work experience with both majors and juniors.

Steve Priesmeyer, B.Sc., M.Sc. (Geology), CPG, QP, Vice President of Exploration

Geologist with experience in projects from grassroots through feasibility.

Pete Blakeley, B.Sc. (Geological Engineering), General Manager

Geological engineer, former Site Manager of Meridian Beartrack and Chief Engineer of Andean Resources.

Rodney Cooper, B.Sc. (Hon, Mining), P.Eng., MBA, Acc. Dir., Senior Technical Advisor

Senior mining executive with operational, technical, construction and financial experience in over 30 jurisdictions worldwide.

News Update

On February 08, 2021, Revival Gold Inc. has released the results of an independently written study into the potential economic impacts of the company's Beartrack-Arnett gold project on the local community of Lemhi county and the state of Idaho.

Highlights:

$1.2-billion cumulative contribution to Idaho state gross domestic product (GDP) over an eight-year period (one year of construction and seven years of operation);
858 average annual full-time jobs supported during operations, including multiplier effect, with direct employment of 267 personnel at site plus an additional 506 full-time jobs supported during construction;
$87-million and $121-million of cumulative contribution to Idaho state and federal tax revenues, respectively, over the eight-year project life.

Note: All amounts shown are in U.S. dollars unless otherwise stated.

On January 25, 2021, Revival Gold Inc. has released results from the final seven drill holes from the company's 2020 drilling program on the Haidee zone at the formerly producing Beartrack-Arnett gold project located in Idaho.

The seven holes released today are core holes drilled in the Haidee zone to upgrade and expand the resource. All holes intersected near-surface oxidized gold mineralization. The Haidee zone remains open and now extends over 600 metres of strike and projects across strike and updip about 400 metres. Highlights:

0.55 gram per tonne gold over 16.7 metres in AC20-054D;
0.53 g/t gold over 20.5 metres and 0.25 g/t gold over 31.7 metres in AC20-066D;
0.61 g/t gold over 18.6 metres in AC20-067D;
0.56 g/t gold over 22.6 metres, 0.79 g/t gold over 14.5 metres and 0.69 g/t gold over 16.3 metres in AC20-069D.

On January 04, 2020, Hugh Agro, President & CEO, Revival Gold Inc. shares his company's story in an interview with TMX Group.

On December 30, 2020, Revival Gold Inc. announced that the company has provided a summary of the company's key 2020 accomplishments advancing the past-producing Beartrack-Arnett gold project located in Idaho, United States.

Highlights

Increased Beartrack-Arnett's inferred mineral resource estimate by 114 per cent to 47.2 million tonnes grading 1.08 grams per tonne gold containing 1.64 million ounces of gold and the project's indicated mineral resource estimate by 11 per cent to 36.4 million tonnes grading 1.16 g/t gold containing 1.35 million ounces of gold;
Raised $15-million in an upsized bought-deal equity financing with funds earmarked toward advancing Beartrack-Arnett exploration and technical studies in 2020 and 2021;
Announced the appointment of Maura Lendon as a non-executive member of the board;
Delivered a solid first phase preliminary economic assessment outlining initial production of 72,000 ounces gold per year from the restart of open pit heap leach operations at Beartrack-Arnett with initial capital of $100-million and an AISC of $1,057 per ounce;
Completed 8,450 metres of drilling in 40 core holes in four target areas to upgrade and expand the resource at the Haidee target and test new targets located along approximately eight kilometres of favourable geological structure at Beartrack-Arnett;
Released results from 23 drill holes at the Haidee target, all of which intersected oxide-gold mineralization close to surface including 0.93 g/t gold over 28.3 m and 0.86 g/t gold over 48.5 m;
Initiated work on a fully integrated three-dimensional computer model of the geology at Beartrack-Arnett to facilitate the application of industry leading artificial intelligence technologies, deepen Revival Gold's understanding of the deposit setting and target high-grade mineralization on the project;
Achieved an exemplary safety record with zero lost-time incidents among company employees and contractors this year.

On December 18, 2020, Revival Gold Inc. has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, supporting the results of a preliminary economic assessment (PEA) on the company's Beartrack-Arnett phase 1 heap-leach gold project, located in Idaho, United States.

On December 10, 2020, Revival Gold Inc. has released results from an additional 11 drill holes from the company's 2020 drilling program on the past producing Beartrack-Arnett gold project located in Idaho.

The 11 holes released today are core holes drilled in the Haidee target area to upgrade resources from the inferred category to the indicated category (see technical report on the Beartrack-Arnett gold project, Lemhi county, Idaho, dated Feb. 21, 2020) and to expand the resource along strike and updip.

Highlights:

1.01 grams per tonne gold over 11.0 metres (1) and 0.39 g/t gold over 10.4 metres (1) in AC20-49D;
0.40 g/t gold over 13.2 metres (1) AC20-052D;
0.86 g/t gold over 48.5 metres (1) in AC20-059D;
0.45 g/t gold over 36.1 metres (1) in AC20-062D;
0.83 g/t gold over 13.4 metres (1) in hole AC20-065.

On October 15, 2020, Revival Gold Inc. announced the results from the first seven holes from the Company’s 2020 drilling program and provides an update on exploration at the former producing Beartrack Gold Project (“Beartrack”) and the adjacent Arnett Gold Project (“Arnett”) located in Lemhi County, Idaho.

All seven exploration drill holes released today from the Haidee target area at Arnett intersected near-surface leachable mineralization along the northwestern and southeastern strike extension of the Haidee deposit. Results indicate that the structures that control mineralization are continuous along strike and have extended known mineralization beyond the current resource approximately 100 meters to the northwest and 50 meters to the southeast. Highlights include:

0.63g/t Au over 22.9 meters1 in AC20-43D
0.38g/t Au over 41.0meters1 in AC20-42D
0.30 g/t Au over 9.9 meters1 in AC20-41D

On October 01, 2020, Revival Gold Inc. has nominated H. Maura Lendon to stand for election as an independent director to Revival Gold's board of directors at the company's annual general and special meeting to be held on Nov. 24, 2020, at 10 a.m. ET.

On September 14, 2020, Revival Gold Inc. announced that after following a successful $15-million equity financing in August, Revival Gold doubled its planned drilling program to 10,000 metres with two drill rigs covering four target areas. The company today reports that the expanded drill program is now 25 per cent complete and that a third drill rig will soon be mobilized. Meanwhile, Revival Gold's preliminary economic study (PEA) on the potential restart of heap leach operations at Beartrack-Arnett is progressing through trade-off studies and remains on track for completion and release by year-end.

On August 19, 2020, Revival Gold Inc. has made a significant expansion to the planned drilling program this year at the company's Beartrack-Arnett gold project located in Lemhi county, Idaho. "Revival Gold has ramped up to complete the biggest exploration program to be undertaken at Beartrack-Arnett since the 1990s," said Hugh Agro, president and chief executive officer. "We will spend approximately $6-million on exploration and we will test several potential game-changing targets on the project. At the same time, we expect to deliver a preliminary economic assessment on the existing open-pit heap leachable resource before year-end and will advance other technical study work on both heap leach and mill material as recommended in the company's February, 2020, technical report."

On August 18, 2020, Revival Gold Inc. has closed its financing pursuant to its short form prospectus dated July 31, 2020. The exchange has been advised that the offering closed on Aug. 6, 2020, for aggregate gross proceeds of $15,053,500 (including the exercise of the overallotment option).

On August 10, 2020, Revival Gold Inc. announced that the company has resumed drilling at its Beartrack-Arnett gold project located in Lemhi county, Idaho. Drilling resumed with two rigs this past weekend with Boart Longyear Limited contracted to complete an initial 5,000-meter program, beginning in the Haidee area at Arnett. Drilling at Haidee will focus on resource expansion and infill core drilling.

On August 06, 2020, Revival Gold Inc. announced that the company closed its previously announced public offering of 13,685,000 units of the Company (the “Units”) at a price of C$1.10 per Unit for aggregate gross proceeds of C$15,053,500 (the “Offering”), including 1,785,000 additional Units issued pursuant to the exercise in full of the over-allotment option granted to the Underwriter (as defined below) in connection with the Offering. The Company intends to use the net proceeds of the Offering to fund on-going exploration and development at Revival Gold’s Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Lemhi County, Idaho and for general corporate purposes.

On July 21, 2020, Revival Gold Inc. announced that due to strong demand, the Company has increased the size of its previously announced public offering to 11.9 million units at a price of $1.10 per unit for aggregate gross proceeds of approximately $13-million.

On July 7, 2020, Revival Gold Inc. has provided an update on recent developments including exploration activities on the Company's Beartrack-Arnett gold project.

The Beartrack-Arnett preliminary economic assessment (PEA) is on track for completion by year-end 2020. Lead consultant Wood PLC has completed mine planning and production scheduling. Cost estimation, an assessment of mine permitting strategies, development of the financial model and optimization are under way.

Over the past few months, the Company has successfully modified permitting for future drilling and recently mobilized to recommence geological fieldwork for the summer.

On May 20, 2020, Revival Gold Inc. announced the amendment of agreements related to the acquisition of the Company's Beartrack and Arnett properties resulting in the deferral of certain cash expenses and extension of earn-in commitment timelines.

“As a further response to the COVID-19 pandemic, under Revival Gold's amended property agreements, the Company has reduced near-term cash outflows and relaxed earn-in terms,” said Hugh Agro, President and CEO. “This added flexibility will allow the Company to continue to build asset value through the current period of turbulent market conditions.”