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Revival Gold Update on Arnett Gold Project in Idaho

Mining News - Published on Wed, 14 Aug 2019

Image Source: Revival Gold
Revival Gold Inc announced highlights from the interpretation of a recently completed 404 line-kilometer airborne magnetic geophysics survey of the Company's Arnett Gold Project located in Lemhi County, Idaho. Mr Hugh Agro, President & CEO, said “Arnett was last explored in the 1990s, long before the advent of modern geophysical processing techniques and computing capabilities. Revival Gold's recent application of inversion algorithms and other modern geophysical processing techniques has significantly sharpened company's understanding of, and enthusiasm for, the exploration potential at Beartrack-Arnett,” he added.

Highlights

The Survey was completed in June by Earth Scan Technologies Ltd with MPX Geophysics Ltd.

Several near-surface intrusions were identified at Arnett including one giving rise to a strong high-amplitude magnetic anomaly measuring approximately 2 kilometers in diameter and located below the Haidee area, where Revival Gold is currently drilling. Geophysical and geological information suggests the potential to extend exploration drilling to the north and southwest.

The presence of a deep-rooted relatively shallow (approximately 300 meters) intrusion beneath Haidee, combined with the geological and geochemical characteristics of known mineralization, supports Revival Gold's deposit model of an intrusion-related gold system hosted by a wide-spaced stockwork at Arnett.

Several previously unrecognized northwest and northeast-trending faults cut the larger intrusive complex and correlate with areas of known mineralization at Arnett. Further data analyses and a regional soil sampling program are underway to help prioritize future drill targets.

A key objective of the geophysics program was to integrate historical data acquired from the neighbouring Beartrack Gold Project with Arnett data and reprocess the full suite with contemporary algorithms and computing capabilities. The reprocessed data confirms that the Panther Creek Shear Zone, which hosts gold mineralization at Beartrack, is a deep-seated structure and that it intersects the north-south-trending Coiner fault in the Rabbit target area. Future drilling is planned at Rabbit. The Coiner fault continues south and offers further potential.

Source :

Posted By : Sanju Moirangthem on Wed, 14 Aug 2019
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