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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
Web Site: www.revival-gold.com
E-mail: info@revival-gold.com
Contact Person: Hugh Agro
Position: President & CEO


Company Data

Traded Market: TSX-V / OTCQX
Traded Symbol: RVG / RVLGF
Outstanding Shares: 71.2 million
52 Week High: $ 1.45
52 Week Low: $ 0.62
Present Price: Click Here


Introduction

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Revival Gold is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett gold project located in Idaho, USA.

A growth Company in Gold

  • Advancing the Beartrack-Arnett Gold Project located in Idaho, USA
    • Idaho is ranked Top-10 in the world for investment in mining by the Fraser Institute
    • 5,800 hectare (14,300 acre) land position
    • Largest past-producing gold mine in the state
    • Multi-million-ounce resource; gold-only; new high-grade zone
    • Strong Preliminary Economic Assessment (PEA) economics on first phase restart
  • Veteran gold team – track records of success with: Meridian Gold, Andean Resources and Kinross
  • Analyst coverage supports significant re-rate potential (See equity research by PI Financial, Echelon Partners, Beacon Securities and Paradigm Capital)


CORE PROJECT

Beartrack-Arnett Gold Project, Lemhi County, Idaho

Beartrack-Arnett is the largest past-producing gold mine in Idaho. A preliminary economic assessment has been completed for a first phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an AISC (all-in sustaining cost) of $1,057 per ounce of gold. The leach operation is to be followed by a second phase mill operation at a much larger scale of production.

Meanwhile, exploration continues, focused on expanding the current indicated mineral resource of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and inferred mineral resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometres and is open on strike and at depth. Mineralization at Arnett is open in all directions.

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%

Sulphide/Mill Material

  • Test work on sulphide material in 2019 by SGS under RPA’s direction with input from John O. Marsden LLC achieved overall gold recoveries of 94-95%. Recoveries appear independent of grind size from P80 107 µm to P80 147 µm. Mass pull was 12-13%
  • RPA recommended a flotation and pressure oxidation (POX) flow-sheet and 94% recovery for Beartrack sulphides

Haidee Open-Pit Oxide Gold Target

  • Oxidized gold mineralization at surface to 150 meters
  • Open to the NE up dip towards the soil anomaly on surface (See press release dated January 25, 2021 for further details)

Joss Target

High-grade intersections in 14 holes (See press release dated March 1, 2021 for detailed results)

  • 1 km strike, 300 metres vertical and open
  • Range from 4 to 9 g/t gold
  • Estimated to extend between 1 and 5 metres in true width

Investment Highlights

Fast Tracking

  • Estimated C$7.4 million cash
  • Strong economics for heap leach re-start
  • Ongoing exploration, at an inflection point for mill phase

Proven Property

  • Largest past producer in Idaho
  • Significant “head start” with existing infrastructure
  • Lower technical and execution risk

Compelling Opportunity

  • Near-term 72,000 oz/yr open pit heap leach
  • Substantial mill scenario with high grade gold
  • US location
  • Attractive valuation at US$10/oz Au (As at April 23, 2021)


LEADERSHIP

Management, Advisors & Directors

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

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

Lisa Ross, B.Comm., CPA, CA, VP 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.

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

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

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.

Debra Struhsacker, B.A. (Geology & French), M.Sc. (Geology), C.P.G., Senior Permitting & Government Relations Advisor

Hardrock mining policy expert.

Opal Adams, B.Sc. (Geology), M.Sc. (Geology), Permitting & NEPA Specialist

Specialist in permitting and environmental document preparation with extensive experience in the Western US.

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.

Robert Chausse, B.Comm., CA, Director

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

Maura Lendon, LL.B, MBA, LL.M, ICD.D, Director

Founder and Chief General Counsel of Scalable General Counsel. Former Chief General Counsel and Corporate Secretary of Primero Mining Corp.

Michael W. Mansfield, CPA, CA, CFA, Director

Investment advisor specializing in the Canadian venture market working both on the private and public investors and companies.

Carmelo Marrelli, B.Comm., CPA, CA, CGA, Director

Principal of Marrelli Support Services Inc.


News Update

On June 3, 2021, Revival Gold Inc. announced that it has commenced metallurgical and environmental test work program with SGS Lakefield at the Company’s Beartrack-Arnett gold project in Idaho. Approximately three tonnes of sample material have been selected and shipped to SGS Lakefield.

On May 25, 2021, Revival Gold Inc. announced that it has resumed drilling on the high-grade Joss target at the Company's Beartrack-Arnett gold project located in Idaho. Approximately 2,500 metres of core drilling in five holes are planned this summer at Joss. Drilling will focus on continuing to define and expand on the one-kilometre trend of high-grade gold mineralization with underground mining potential.

Drilling is underway and will continue in the Joss area until early August. Revival Gold will mobilize a second drill rig in June to resume drilling at the higher elevation Haidee open-pit oxide gold target, where drilling will consist of an additional 2,500 metres of core drilling to upgrade and expand on the current mineral resource. Revival Gold will also complete geotechnical and hydrological engineering holes this season in preparation for the completion of a prefeasibility study in 2022 on the first phase restart of Beartrack-Arnett heap leach operations.


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