Today techs Revival Gold Intersects 10.1 g/t Gold Over 11.4 Meters

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TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — revivel Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Firm”), is happy to announce additional outcomes from the Firm’s 2022 drilling program on the Beartrack-Arnett Gold Challenge (“Beartrack-Arnett”) positioned in Idaho, USA.

Highlights:

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“We’ve hit one other lengthy intercept of high-grade at Joss,” stated Hugh Agro, President & CEO. “Importantly, gap 242D is 150 meters deeper than earlier drilling and expands an already spectacular physique of mineralization. The Joss zone presently extends for a couple of kilometer in strike and over a mean vertical extent of about 500 meters with the typical true width of the mineralized zone estimated to be 10-30 meters thick. Additional outcomes from Joss are anticipated earlier than yr finish,” added Agro.

Particulars:

Detailed outcomes for drill gap BT22-242D launched in the present day are offered within the desk beneath:

today techs style=”border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: middle ; “>648.9
Gap Quantity
Space
Azimuth
(deg.)
Dip
(deg.)
From
(m)
To
(m)
Drilled Width1
(m)
Fireplace Assay Gold Grade
(g/t)
BT22-242D Joss 322 -58 490.4 491.3 0.9 12.65
606.0 612.1 6.1 5.44
Incl. 609.0 610.8 1.8 13.96
764.3 115.4 3.49
Incl. 682.6 694.0 11.4 10.12
Incl. 682.6 today techs border-left: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: middle ; “>687.1 4.5 16.62
Incl. 708.1 735.0 26.9 3.83
Incl. 721.2 730.1 8.9 5.54
Incl. 745.2 755.4 10.2 5.98
Incl. today techs “> 753.4 755.4 2.0 11.38

1 True width is estimated to be roughly 30% to 60% of drilled width, with some veinlets subparallel to the core axis. The impact of those veinlets on the consultant grade of mineralization is presently unknown. Numbers could not add up as a consequence of rounding.
2 The interval 591.0 m to 591.7 m had 0% restoration and was included within the interval calculation as 0.7 m at 0 g/t Au.

A grade-thickness longitudinal part displaying the approximate places of 2022 accomplished and deliberate drill holes at Joss is offered in Determine 1.

Determine 1: Joss Grade-Thickness Lengthy Part (September 2022)
https://www.globenewswire.com/NewsRoom/AttachmentNg/69975a1b-3dcc-4369-af9f-9e5590237e4a

QA/QC Program

High quality Assurance/High quality Management consists of the common insertion of licensed reference supplies, duplicate samples, and blanks into the pattern stream. Verify samples are submitted to an umpire laboratory on the finish of the drilling program. Pattern outcomes are analyzed instantly upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry pattern preparation facility in Twin Falls, Idaho. Gold analyses are carried out on the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are accomplished on the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.

Gold assays are decided on samples consisting of half drill core by hearth assay and AAS on a 30-gram nominal pattern weight (Au-AA23) for Beartrack, and Fireplace Assay and AAS on a 50-gram nominal pattern weight (Au-AA24) for Arnett. For shallow holes, concentrating on leachable mineralization, gold content material can also be decided by cyanide leach with an AAS end on a nominal 30-gram pattern weight (Au-AA13). Multi component geochemical analyses are accomplished on chosen drill holes utilizing the ME-MS 61M methodology.

Certified Individual

Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc., is the Firm’s designated Certified Individual for this information launch inside the that means of Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives and has reviewed and permitted its scientific and technical content material.

Revival Gold Inc. is a growth-focused gold exploration and growth firm. The Firm is advancing the Beartrack-Arnett Gold Challenge positioned in Idaho, USA.

Beartrack-Arnett is the most important past-producing gold mine in Idaho. Engineering work has been initiated on a Preliminary Feasibility Research (“PFS”) for the potential restart of heap leach operations. In the meantime, exploration continues, targeted on increasing the 2022 Indicated Mineral Useful resource of 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold and Inferred Mineral Useful resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold (see Revival Gold NI-43-101 Technical Report dated July 13th2022, for additional particulars). The mineralized development at Beartrack extends for over 5 kilometers and is open on strike and at depth. Mineralization at Arnett is open in all instructions.

Revival Gold has roughly 86.9 million shares excellent and an estimated money steadiness of C$7.1 million as of June 30th2022. All figures on this information launch are in metric models and in $US except said in any other case. Further disclosure together with the Firm’s monetary statements, technical studies, information releases and different info will be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For additional info, please contact:

Hugh Agro, President & CEO or Melisa Armand, Supervisor, Investor Relations
Phone: (416) 366-4100 or E-mail: information@revival-gold.com

Cautionary Assertion

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information launch.

This Information Launch consists of sure “forward-looking statements” which aren’t comprised of historic details. Ahead-looking statements embrace estimates and statements that describe the Firm’s future plans, aims or targets, together with phrases to the impact that the Firm or administration expects a said situation or outcome to happen. Ahead-looking statements could also be recognized by such phrases as “believes”, “anticipates”, “expects”, “estimates”, “could”, “might”, “would”, “will”, or “plan”. Since forward-looking statements are based mostly on assumptions and handle future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Though these statements are based mostly on info presently obtainable to the Firm, the Firm supplies no assurance that precise outcomes will meet administration’s expectations. Dangers, uncertainties, and different elements concerned with forward-looking info might trigger precise occasions, outcomes, efficiency, prospects, and alternatives to vary materially from these expressed or implied by such forward-looking info. Ahead trying info on this information launch consists of, however is just not restricted to, the Firm’s aims, targets or future plans, statements, exploration outcomes, potential mineralization, the estimation of mineral sources, exploration and mine growth plans, timing of the graduation of operations and estimates of market circumstances. Components that might trigger precise outcomes to vary materially from such forward-looking info embrace, however aren’t restricted to failure to determine mineral sources, failure to transform estimated mineral sources to reserves, the shortcoming to finish a feasibility research which recommends a manufacturing resolution, the preliminary nature of metallurgical check outcomes, delays in acquiring or failures to acquire required governmental, environmental or different challenge approvals, political dangers, uncertainties referring to the supply and prices of financing wanted sooner or later, adjustments in fairness markets, inflation, adjustments in change charges, fluctuations in commodity costs, delays within the growth of tasks, capital, working and reclamation prices various considerably from estimates and the opposite dangers concerned within the mineral exploration and growth business, an incapacity to foretell and counteract the results of COVID-19 on the enterprise of the Firm, together with however not restricted to the results of COVID-19 on the worth of commodities, capital market circumstances, restriction on labour and worldwide journey and provide chains, and people dangers set out within the Firm’s public paperwork filed on SEDAR. Though the Firm believes that the assumptions and elements utilized in getting ready the forward-looking info on this information launch are affordable, undue reliance shouldn’t be positioned on such info, which solely applies as of the today techs date of this information launch, and no assurance will be provided that such occasions will happen within the disclosed time frames or in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, apart from as required by regulation.

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