Revival Gold Inc. (TSXV: RVG): Proven Gold Team, Orion Backing, Brownfield Exploration and Development in the Second Largest Gold Producing Region in the World, Hugh Argo, President & CEO
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By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, US
on 11/27/2017
Revival Gold Inc. (TSXV: RVG) is a growth focused gold exploration and development company. The
company has executed an agreement whereby it may acquire a 100% interest in Meridian Beartrack Co., owner
of the Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns a 100% interest in the
neighboring Arnett Creek Gold Project. In addition, Revival Gold holds a 51% interest in the Diamond
Mountain Phosphate Project located in Uintah County, Utah. We learned from Hugh Argo, President, CEO, and
Chairman of Revival Gold, that the work at Beartrack is in full swing with two rigs currently drilling,
pursing oxide resource at surface and high grade targets at depth. He expects to have initial exploration
results towards the end of this year. Plans for 2018 include more drilling at Beartrack and Arnett Creek.
According to Mr. Argo, Revival Gold sees itself in a bull market for gold developing, so it's an exciting
time to be in gold.
The Beartrack Gold Project
Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Hugh Argo,
President, CEO, and Chairman of Revival Gold Inc. Hugh, could you give our readers/investors an overview
of your company, your goals, and focus?
Mr. Hugh Argo: Absolutely Al. It's great to have an opportunity to chat with you. Thank you very
much for having us.
Revival Gold is a growth exploration, and development company, focused on gold. We're listed on
the Venture Exchange in Canada. We're focused in Idaho on the Beartrack Gold Project and the Arnett Creek
Gold Project both located about nine miles from Salmon, Idaho.
The company has a market capitalization of about 30 million Canadian. We have about nine million Canadian
cash in the bank and we're pursuing a 13,000 meter drill program at Beartrack and Arnett Creek over the
current field season and next field season.
Our work at Beartrack is permitted and underway. We have two rigs drilling today and we expect to
have initial results from our program towards the end of this year. Pursuing oxide resource at surface
and high grade targets at depth.
Dr. Allen Alper: Excellent! Could you tell our readers/investors a bit more about why this area is
so interesting and why you have chosen this area for exploration?
Mr. Hugh Argo: The founding premise behind Revival Gold is growth-focused gold exploration and
development. We see ourselves in a bull market for gold development. It's an exciting time to be in gold.
Secondly, Revival is the reconstitution of a team of professionals in the gold mining business, who have
done it before. Apart from myself, with a background at Placer Dome and Kinross, we have Wayne Hubert,
who was with Andean Resources and before that Meridian Gold. We have my colleague, Tye Burt who was
previously with Kinross and Barrick. Steve Priesmeyer is our VP Exploration. He was responsible for
delineating a large resource at Soltoro, later acquired by Agnico Eagle Mines. Don Birak, who was the
former VP Exploration for Coeur Mining and AngloGold North America.
That's the Revival Gold team. The third premise for the company is to focus on brownfield
projects and we like the United States. We like the fact that there's a strong title regime in the United
States and the permitting regime is becoming much more favorable than we see in other parts of the world.
In particular, we like the project we put together in Idaho because it's an area that's produced
and/or resulted in the discovery of almost three million ounces of gold. We see potential for a lot more
in the camp.
We like brownfield projects. We think there is a good risk-reward balance for investors. We like
Idaho for its potential.
Dr. Allen Alper: That sounds excellent. I understand you're in the process of getting results from
a big drilling program and you expect to see those by the end of the year. What are your plans going into
2018?
Mr. Hugh Argo: 2018 will see further drilling at Beartrack. We have 3,000 meters being completed
this field season, and we'll do a further 8,000 meters at Beartrack next season for a total of 11,000
meters in the current program. The remaining 2,000 meters of drilling, which I referenced earlier, is at
Arnett Creek. We'll get in to permit Arnett Creek this year and plan to be underway with drilling in
2018.
Our objective with the drill program is really two fold. We want to get back in and assess the
historic resource at Beartrack, which is 1.3 million ounces close to surface. In particular we'll focus
on the oxides at Beartrack and we'll also focus on the historic oxide resource at Arnett Creek, which is
another 200,000 ounces.
That's job one, the oxides at surface. Job two is to test the potential at depth. The exciting
thing about the Beartrack deposit, which was mined back in the 90s is that all of that activity focused
on surface. Below the oxide pits that were historically mined, low and behold, it turns out that the
system goes a lot deeper. In fact, it's open at depth, there are intercepts of higher grade
mineralizations across the five kilometer strike length of the mineralized area.
The mineralized zone at Beartrack is open to the southwest along strike and open at depth, so job
two is to test that potential to see if we can knit together something that might have underground mining
potential. To give your readers/investors a hint of our excitement, in 2012, BT175 was drilled, which
intersected 28 meters of 24 grams per ton equivalent gold beneath these existing oxides. That's just one
of a number of holes that were drilled along the five kilometer strike plank of this mineralized system.
Our intention with the deep portion of the planned drill program is to follow up on those intercepts and
see if we can put together something that could potentially be mined from underground.
Our target, on the property-wide, would be something in the order of greater than three million
ounces. That's just at Beartrack.
Dr. Allen Alper: That sounds very exciting. Could you tell our readers/investors a bit more about
who is investing, what types of investors you have?
Mr. Hugh Argo: Our management team sits at about 14% of the outstanding shares, myself a big
part of that. Orion Mine Finance, the New York-based, private equity group, recently joined us. They put
some money into the company recently and formed a strategic funding relationship with Revival Gold.
This is an important relationship, an important shareholder. Other shareholders include a number
of institutions and high-net-worth individuals and a couple of corporates, through which we had acquired
claims. That really just leaves a balance of about 20% of the shares as free float, so I would say that
our structure is quite tight, quite strongly held, and with some folks who can be very helpful on any
future funding initiatives that we may pursue.
Dr. Allen Alper: That sound excellent. What are the primary reasons our high-net-worth
readers/investors should consider investing in Revival Gold?
Mr. Hugh Argo: I guess the first reason is because we think we'll make them money. We have a
great story, an attractive valuation, a proven team that's done this before. We have a brownfields
exploration target in the United States with a total of 1.5 million ounces of historic resource, which
hasn't been mined since the 90s at a sub $300 gold price environment.
We want to get back into Beartrack and assess the potential in the current gold price
environment. We're funded for this field season and next. We're permitted in drilling and we offer an
attractive investment opportunity with near-term catalysts for shareholders.
Dr. Allen Alper: Those sound like excellent reasons for our high-net-worth readers/investors to
consider investing in your company, Hugh. Was there anything else you'd like to add?
Mr. Hugh Argo: Just to thank you, Al, and I look forward to the opportunity to get back to you
and tell you about our results as they come together. We'll certainly keep you posted.
Dr. Allen Alper: That sounds exciting. It looks like it's an exciting time period for you and your
company.
http://revival-gold.com/
Andrea Totino
Investor Relations Manager
(416) 366-4100
info@revival-gold.com
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