Each of the eight holes reported below encountered above cut-off grade, near-surface oxidized gold mineralization. Highlights include:
- 1.15 g/t gold over 13.7 meters in AC21-078D
- 0.42 g/t gold over 29.9 meters in AC21-074D
- 0.77 g/t gold over 13.0 meters in AC21-073D
- 0.43 g/t gold over 23.2 meters in AC21-072D
- 0.47 g/t gold over 18.9 meters in AC21-071D
1 True width is estimated to be greater than 70% of drilled width.
The 2021 drilling program at Haidee was designed to upgrade and expand the deposit’s current Inferred heap leachable mineral resources. In addition, the program included drill holes to obtain engineering data for the planned late-2022 Pre-Feasibility Study. A total of 15 holes were completed with four holes drilled for geotechnical and hydrological purposes. Assay results for the remaining seven drill holes are expected by year end.
“Today’s initial infill drilling results have bolstered our confidence in the mineral resource at Haidee”, said
Detailed results for drill holes released today are presented in the table below:
Hole Number | Area | Azimuth (deg.) | Dip (deg.) | From (m) | To (m) | Drilled Width1 (m) | Fire Assay Gold Grade (g/t) |
AC21-070D2 | Haidee | 51 | -59 | 34.0 | 36.6 | 2.6 | 0.67 |
45.7 | 52.4 | 6.7 | 0.75 | ||||
71.9 | 83.8 | 11.9 | 0.32 | ||||
173.0 | 179.4 | 6.4 | 0.27 | ||||
AC21-071D | Haidee | 52 | -59 | 55.8 | 73.9 | 18.2 | 0.33 |
81.1 | 100.0 | 18.9 | 0.47 | ||||
113.7 | 122.9 | 9.2 | 0.23 | ||||
142.4 | 154.7 | 12.2 | 0.43 | ||||
AC21-072D | Haidee | 67 | -85 | 27.1 | 36.1 | 9.0 | 0.31 |
40.8 | 63.9 | 23.2 | 0.43 | ||||
Incl. | 50.7 | 51.5 | 0.8 | 7.51 | |||
69.8 | 74.4 | 4.6 | 0.86 | ||||
AC21-073D | Haidee | 96 | -62 | 9.6 | 17.7 | 8.1 | 0.54 |
64.6 | 82.0 | 17.4 | 0.28 | ||||
140.2 | 176.6 | 36.4 | 0.32 | ||||
204.5 | 217.5 | 13.0 | 0.77 | ||||
AC21-074D3 | Haidee | 62 | -69 | 5.6 | 35.5 | 29.9 | 0.42 |
76.2 | 80.0 | 3.8 | 0.62 | ||||
93.6 | 98.5 | 4.9 | 0.53 | ||||
AC21-076D4 | Haidee | 65 | -46 | 19.2 | 22.4 | 3.2 | 0.39 |
73.3 | 78.5 | 5.2 | 0.82 | ||||
AC21-078D | Haidee | 68 | -80 | 31.1 | 38.9 | 7.6 | 0.94 |
47.4 | 58.0 | 10.6 | 0.40 | ||||
84.7 | 98.5 | 13.7 | 1.15 | ||||
Incl. | 84.7 | 87.8 | 3.0 | 3.06 | |||
AC21-079D | Haidee | 66 | -55 | 36.3 | 39.2 | 3.0 | 0.45 |
46.0 | 54.3 | 8.3 | 0.51 | ||||
60.0 | 70.3 | 10.2 | 0.23 | ||||
90.6 | 92.1 | 1.5 | 9.18 |
1 True width is estimated to be greater than 70% of drilled width. Numbers may not add up due to rounding.
2 Recovery for the interval 48.8 m to 50.0 m was 48%. Recovery for the interval 50.0 m to 51.1 m was 0%. This interval was included in the grade and thickness calculation at 0 g/t gold.
3 Recovery for the interval 93.6 m to 95.4 m was 45%.
4 Recovery for the interval 74.7 m to 75.9 m was 34%.
Figure 1 below is a plan view of the Haidee target area showing collar locations and intercepts for all holes drilled in 2020 and 2021.
Figure 1:
QA/QC Program
Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples and blanks into the sample stream. Check samples are submitted to an umpire laboratory at the end of the drilling program. Sample results are analyzed immediately upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in
Gold assays are determined on samples consisting of half drill core by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA23) for Beartrack, and Fire Assay and AAS on a 50-gram nominal sample weight (Au-AA24) for Arnett. For shallow holes targeting leachable mineralization, gold is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi element geochemical analyses are completed on selected drill holes using the ME-MS 61M method.
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Beartrack-Arnett is the largest past-producing gold mine in
For further details, including key assumptions, parameters and methods used to estimate the Mineral Resources, and data verification, please see the Company’s NI 43-101 compliant technical report titled, “Preliminary Economic Assessment of the Heap Leach Operation on the
For further information, please contact:
Telephone: (416) 366-4100 or Email: info@revival-gold.com
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Neither the
This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the Company’s ability to predict or counteract the potential impact of COVID-19 coronavirus on factors relevant to the Company’s business, failure to identify additional mineral resources, failure to convert estimated mineral resources to reserves with more advanced studies, the inability to eventually complete a feasibility study which could support a production decision, the preliminary nature of metallurgical test results may not be representative of the deposit as a whole, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, 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 information 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 information, whether as a result of new information, future events or otherwise, other than as required by law.
Figure 1
Haidee Target Area 2021 Drill Program
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