TSX.V: RVG

TSX.V: RVG

Beartrack-Arnett Project

NI 43-101

Project Geology

INTEREST

Earn-in to 100% interest with some claims already 100% owned.

LOCATION

Lemhi County, Idaho

Project Details

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 on a first phase open pit heap leaching operation. The PFS had an average of 65,300 ounces of gold per year over an 8-year mine life with an after-tax NPV5% of $230 million and an IRR of 43% at $2,175/oz gold rising to $800 million at $4,000/oz gold.

Revival Gold is currently exploring to expand high grade underground resources and make new discoveries along the 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.

Proven Past Producer

Largest past producing gold mine in Idaho. Modest capex to achieve initial heap leach gold production with potential second phase mill opportunity to follow.

Large Gold System

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.

Existing Infrastructure

Roads, powerline to site, ADR gold processing facility, solution ponds and water treatment plant lower risk and restart capital.

Animated Project Video

Mineral Resource Update Highlights

  • On July 11, 2023, the Company released an update to the Mineral Resource and the results of a Pre-Feasibility Study (“PFS”) for the open pit heap leach restart.
  • A Measured & Indicated Mineral Resource of 86.2 million tonnes at 0.87 g/T gold containing 2.42 million ounces of gold; and
  • An Inferred Mineral Resource of 50.7 million tonnes at 1.34 g/T gold containing 2.19 million ounces of gold.

Open Pit Heap Leach Restart PFS Highlights

  • Inaugural Proven & Probable open pit heap leach Mineral Reserve of 36.2 million tonnes at 0.74 g/T gold for 859,000 ounces of gold; and
  • Average gold production of 65,300 ounces of gold per year at an all-in sustaining cost of $1,235 per ounce, for a total of 529,100 ounces of gold over an eight-year mine life.
  • $105 million after-tax net present value at a 5% discount rate and 24.3% after-tax IRR at a $2,000 gold price

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