The Beartrack-Arnett Gold Project is the largest past-producing gold mine in Idaho. Since consolidating the 6,300 net hectare land position in 2017-2019, Revival Gold has discovered a multi-million-ounce resource of open pit and underground mineralization.
The company completed a Preliminary Feasibility Study (“PFS”) in 2023 focused on a potential first phase open pit heap leaching operation. The first phase project is expected to produce an average of 63,300 ounces of gold per year over an 8-year mine life and has an after-tax NPV5% of $226 million and an IRR of 43% at $2,175/oz gold.
Revival Gold is currently undertaking permitting preparations and on-going exploration along some 10 km of favorable structure at Beartrack-Arnett. Mineralization is open along strike to the north and south and at depth at Beartrack. Mineralization at Arnett is open in all directions.
See Preliminary Feasibility Study National Instrument 43‑101 Technical Report on the Beartrack – Arnett Heap Leach Project, Lemhi County, Idaho, USA prepared by Kappes, Cassiday & Associates of Reno, Nevada, Independent Mining Consultants, Inc. of Tucson, Arizona, KC Harvey Environmental of Bozeman, Montana and WSP USA Environment & Infrastructure Inc. of Reno, Nevada, and dated August 2nd, 2023, for further details.
Largest past producing gold mine in Idaho. Modest capex to achieve initial heap leach gold production with potential second phase mill opportunity to follow.
With a multi-million-ounce gold resource over 5.5 km of strike, another 10 km of favorable structure to explore, and a finding cost of $6 per ounce to-date.
Roads, powerline to site, ADR gold processing facility, solution ponds and water treatment plant lower risk and restart capital.
