Revival Gold Inc.
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
Beartrack-Arnett Gold Project, Lemhi County, Idaho
Former producer – open pit, heap leach mine produced 100,000 oz Au per year in 1990's
Beartrack Underground Potential
Drill tested to 600 m at depth and open
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.
Oxide/Heap Leach Material
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.
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.
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:
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.
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.
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:
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.”