Revival Gold reports on 2023 exploration campaign

Revival Gold reports on the Company’s 2023 exploration campaign at the Beartrack-Arnett Gold Project located in Lemhi County, Idaho, USA. Over the course of the past six months Revival Gold has focused on the updated Mineral Resource and Preliminary Feasibility Study which are expected to be completed on Beartrack-Arnett within the next 4-6 weeks. Meanwhile, the Company has progressed data compilation and analysis, as well as preparations for this season’s drill program and related exploration field work. Highlights: Revival Gold’s Board of Directors has approved approximately 3,000 meters of core drilling to commence in early July for open pit heap leach oxide targets including: Roman’s Trench – where reverse circulation drilling from 1990 intersected 1.95 g/t gold over 18 meters drilled width and 1.90 g/t gold over 21 meters drilled width1. To date, Revival Gold has not drilled at Roman’s Trench and the prospect offers the potential to add higher-grade mineralization to the Company’s first phase heap leach restart plans; Haidee – to follow up on hole AC22-094D from last year’s drill program which intersected 5.42 g/t gold over 10.2 meters drilled width including 9.62 g/t gold over 5.4 meters drilled width2. The orientation of the higher-grade mineralization in hole AC22-094D is unknown however, if this zone extends beyond AC22-094D, it could add higher-grade material to the current Haidee Mineral Resource; and, Additional soil and/or geophysical anomalies – in the Ridge area west of Haidee, up-dip and down-dip from the current Haidee Mineral Resource and at depth beneath at Haidee. Revival Gold’s geologists have refined and expanded the Company’s high-grade mineralization domains at Joss and extended the domains a distance of approximately two kilometers through the South Pit area. As underground mineralization at Beartrack-Arnett grows, consideration is being given to eliminating the current open pit model in the Joss area and incorporating those resources into an expanded underground model. An extensive property-wide data compilation and review is underway. The compilation will reflect recent regional geological mapping by the Idaho Geologic Survey which has interpreted the Panther Creek Fault to be a portion of the more regionally extensive Coiner Fault system; Historical CSAMT geophysical data is being reprocessed, reinterpreted and combined with recent IGS mapping to refine untested structural targets; Soil geochemical survey lines have been planned to test new under-cover target areas. Partial leach extraction will be used to identify the presence of leakage along key structures to focus future drilling for high-grade mineralization like that in the Joss area; and, Consulting structural geologist, Dr. Brett Davis, a specialist in orogenic gold systems, has been retained and will be on site later this season to further assist in understanding both the geologic structure of the Beartrack-Arnett district and controls on high-grade mineralization.