The Arnett Gold Project is an advanced stage exploration project located approximately 17 km north-west of Salmon, Idaho. The Project encompasses 2,380 hectares (5,881 acres) of unpatented and patented mining claims in a historic mining district, neighbouring Revival Gold’s Beartrack Gold Project.
Revival Gold Inc. assembled a 100% interest in the original Arnett Gold Project land package through agreements to purchase or earn-in to the underlying 95 claims in June 2017. The land package was subsequently increased to 281 claims.
The Project, together with a number of other contiguous claims, was the subject of three historic geologic resource estimates prepared by Pincock, Allan & Holt in 1991, 1993 and 1994.
The Arnett Gold Project is situated approximately four miles from the Beartrack open pit heap leach mine which was operated by Meridian Gold Inc. (now Yamana Gold Inc.) from 1994 until 2000 and produced approximately 600,000 ounces of gold. The Beartrack Mine closed at a time of low gold prices, below US$300 per ounce.
In connection with Revival Gold’s due diligence an acquisition of the Arnett Gold Project, the company completed a 43-101 Technical Report prepared by Donald P. Earnest, P.Geol., Resource Evaluations Inc. dated June 2017.
Revival Gold completed approximately 1,000 meters of core drilling into near-surface oxide gold mineralization at Arnett in 2018.
Revival Gold is permitted for 53 drill pad locations at Arnett and is completing a program of data compilation and targeting, soil sampling, airborne geophysics, approximately 4,000 meters of core drilling and metallurgical bottle-roll testing in 2019.