Like its name implies, Revival Gold (TSXV: RVG; US-OTCQB: RVLGF) aims to bring brownfield and past-producing gold projects back to life.
The company is currently focused on reviving its past-producing Beartrack gold project in Idaho. It moved a little closer to that goal at the end of May when it announced the project’s maiden resource estimate.
Beartrack contains 33.4 million indicated tonnes grading 1.13 grams gold per tonne for 1.2 million oz. gold, as well as 16.9 million inferred tonnes at 1.41 grams gold for 765,000 oz. gold.
Meridian Gold previously ran an open pit, heap leach oxide mine on the property in the 1990s. It produced a little over 600,000 oz. of gold over six years. When Meridian shifted its focus to the El Pinon underground gold mine in Chile, it left behind leach ponds, buildings and other infrastructure that Revival could refurbish if it moved back into production.
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