Revival Gold expands land position, advances exploration south of Joss

Revival Gold announced the expansion of its land position, the results of recent geophysical and geological work, and the advance of exploration on a newly defined target area known as Sharkey on the Company’s Beartrack-Arnett Gold Project located in Idaho, USA. Highlights: Fifty-seven lode claims encompassing 476 hectares have been staked to increase Revival Gold’s land position on prospective exploration ground at the south end of Beartrack-Arnett; 18-line kilometers of IP geophysics along with 16-line kilometers of CSAMT geophysics collected over multiple campaigns at Beartrack between 1990 and 1996 were reprocessed with present-day algorithms to produce a consistent set of 2-D inversion products; The reprocessed geophysical data together with results from last season’s soil geochemistry survey and recent Leapfrog software-based geological and structural modeling has further clarified Revival Gold’s understanding of the geology and structure in the Panther Creek-Coiner Fault System; The Panther Creek-Coiner Fault System extends approximately five kilometers south of the Joss Zone at Beartrack-Arnett and is now thought to be an anastomosing fault system that is typical of the structures that host many orogenic gold deposits; Potential targets in braided shear zones include bends, or changes in strike, and structural intersections of the various structures within the broader structural system, and multiple strands of the shear zone may be mineralized; and, Chief among the newly defined targets is Sharkey located within the Panther Creek Structural Corridor approximately two kilometers south of the existing underground mineralization in the Joss target area. “Revival Gold’s recent work analysing and modeling geophysical and geological data from the south end of Beartrack-Arnett has sharpened our exploration team’s focus on the Panther Creek-Coiner Fault braided fault system,” said Hugh Agro, President & CEO. “The Sharkey target has emerged as a high-value under-cover target with tonnage and grade potential equivalent to, and perhaps greater than, what we have at Joss. Sharkey lies within Revival Gold’s approved Plan of Operations permit for drilling at Beartrack-Arnett and represents a high-priority target for follow-up exploration this season,” added Agro.