Beartrack-Arnett Gold Project Exploration Hits Target Zone At Joss

TORONTO - Revival Gold Inc. President and CEO, Hugh Argo, said, “Core logging indicates that we’ve hit the target zone at Joss, during exploration at the Beartrack-Arnett Gold Project located in Lemhi County, Idaho. Assay results are expected next month and offer the potential to confirm a significant depth extension to Joss, where previous drilling has returned high-grade intercepts in 18 drill holes over a 1 km trend. In the meantime, drilling continues with activity expected to increase as rigs become available and conditions allow.”

The Company completed the second of two core holes for a total of 1,450 meters drilled at the Joss target this season. The two drill holes, BT22-241D and BT22-242D, were designed to test the down-dip potential of high-grade gold mineralization at Joss. Core logging indicates that the two drill holes intercepted the target zone of mineralization between 100 and 150 meters below previous drilling in the area. The two holes are separated by about 200 meters along strike in the target zone and will provide important structural and geochemical information about the potential for further gold mineralization at depth at Joss. Assay results are expected in September.

The drill rig is now being moved approximately 1,100 meters north of Joss to the South Pit target area to test a gap in drilling in the Beartrack-Arnett 2022 resource block model. The break from drilling at Joss will provide time to receive assays and complete interpretive analysis on BT22-241D and BT22-242D. A second drill rig is expected to arrive at Beartrack-Arnett in September to initiate approximately 2,000 meters of core drilling at Haidee as conditions allow. A large wildfire (the Moose Fire) is burning in the vicinity of Beartrack-Arnett but, thus far, has had limited impact on Revival Gold’s activities.