Revival Gold Inc (RVLGF)

[NYBob]

Revival Gold Appoints John Meyer Vice President, Engineering & Development
V.RVG | 3 days ago
TORONTO, Dec. 07, 2021 (GLOBE NEWSWIRE) --

Revival Gold Inc.(TSXV:RVG,OTCQX:RVLGF) (“Revival Gold” or the “Company”), is pleased to announce the appointment of Boise, Idaho based industry veteran, John Meyer, as the Company’s Vice President, Engineering & Development. Mr. Meyer’s 30-year career in the gold business has included senior leadership roles in mine permitting and development, underground and open pit engineering as well as reclamation and mine closure. Mr. Meyer has worked on some of the most high-profile gold projects in the Americas, including the Stibnite project in Idaho and the Fruta del Norte project in Ecuador.
Mr. Meyer brings additional management depth and experience to Revival Gold having spent much of his career in senior and international project management positions leading multi-disciplinary teams with gold majors including Barrick Gold and Kinross Gold. Most recently Mr. Meyer served as Vice President, Development, with Perpetua Resources. Mr. Meyer holds a B.Sc. in Civil Engineering and a B.Sc. in Geophysics, both from the University of Western Ontario, Canada.

“We are thrilled to welcome John to Revival Gold’s leadership team. John’s outstanding technical credentials and recent relevant experience in Idaho will bolster Revival Gold’s capabilities and leadership as we advance towards the responsible re-development of the Beartrack-Arnett gold project,” said Hugh Agro, Revival Gold, President & CEO. “2022 will be a pivotal year for Revival Gold as we accelerate optimization initiatives, permitting preparations and development plans for the potential restart of operations. John’s extensive engineering and operating experience, both internationally and in Idaho, is a terrific fit with our business”, Agro added.

“I am excited to join Revival Gold and to help lead the Beartrack-Arnett project towards development. The Company is well on its way with a growing resource base, proven metallurgy, and considerable existing infrastructure. The project is one that can make a significant contribution to Idaho with minimal new development disturbance since much of the first phase operation is located on the previously developed Beartrack site,” said Meyer.

Revival Gold, Mr. Meyer and Perpetua Resources have agreed to facilitate an orderly transition of Mr. Meyer’s leadership responsibilities and duties to Revival Gold for the mutual benefit of all concerned. Subject to regulatory approval, Revival Gold has granted Mr. Meyer 200,000 incentive stock options in connection with his appointment. Pursuant to the Company’s Stock Option Plan, the options are exercisable at a price of $0.70 each for a period of five years and are subject to vesting provisions.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Beartrack-Arnett is the largest past-producing gold mine in Idaho. A Preliminary Economic Assessment has been completed for a first phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an AISC of $1,057 per ounce of gold. Meanwhile, exploration continues, focused on expanding the current Indicated Mineral Resource of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and Inferred Mineral Resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.

For further details, including key assumptions, parameters and methods used to estimate the Mineral Resources, and data verification, please see the Company’s NI 43-101 compliant technical report titled, “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th, 2020.

Revival Gold has approximately 71.4 million shares outstanding and had a cash balance of C$3 million on September 30th, 2021. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at

http://www.revival-gold.com

or on SEDAR at www.sedar.com.

For further information, please contact:

Hugh Agro, President & CEO or Lisa Ross, CFO
Telephone: [phone] or Email: [e-mail]

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA