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Revival Gold Inc V.RVG

Alternate Symbol(s):  RVLGF

Revival Gold Inc. is a Canada-based growth-focused gold exploration and development company. The Company is engaged in advancing the Beartrack-Arnett Gold Project (Beartrack-Arnett) located in Idaho, United States. Beartrack-Arnett is the producing gold mine in Idaho. In addition, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah. The Beartrack-Arnett Gold Project is the amalgamation of the Company’s Arnett Gold Project with the Company’s neighboring past-producing Beartrack Gold Mine located in Idaho, United States. The Diamond Mountain Phosphate Project is an advanced stage exploration project located in Uintah County, Utah. The Project is adjoined to the west by Simplot Corporation's Vernal Phosphate Mine and Beneficiation Complex.


TSXV:RVG - Post by User

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Post by bullmetalon Nov 17, 2020 8:59am
808 Views
Post# 31913198

REVIVAL GOLD's PEA is HERE! WELL DONE!

REVIVAL GOLD's PEA is HERE! WELL DONE!

(“ Revival Gold” or the “Company”), a growthfocused gold exploration and development company, is pleased to announce positive results from a Preliminary Economic Assessment (“PEA”) on the Company’s Beartrack-Arnett (“Beartrack-Arnett”) phase one heap leach gold project located in Idaho, USA.





























Figure 1:

 
PEA Sensitivity

 





 

Beartrack-Arnett Phase One Heap Leach Gold Project - PEA Highlights*

  • Production of 72,000 ounces of gold per year for a total of 506,000 ounces of gold over an initial

    seven-year mine life;
  • Pre-production capital of $100 million and life-of-mine (“LOM”) sustaining capital of $61 million;
  • Total cash cost of $809 per ounce and all in sustaining cost of $1,057 per ounce of gold;
  • After-tax NPV at a 5% discount rate (“NPV5%”) of $88 million and after-tax IRR

    of 25% at $1,550 per ounce gold increasing to a $211 million NPV5% and 49% IRR at $1,950 per

    ounce gold;
  • After-tax payback period of 3.0 years;
  • Lower technical and execution risk of a brownfields project with existing infrastructure and recent history as the largest past-producing gold mine in Idaho; and,
  • Excellent additional exploration potential as demonstrated by this season’s drill results and with over 10km of favorable geological structure to explore.

* All amounts shown are in United States dollars and metric units of measurement unless otherwise stated.

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