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Revival Gold Reports Promising Drilling Results at Mercur Gold Project

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#Drilling Results from Mercur Gold Project

Revival Gold Inc. recently announced encouraging drilling results from its Mercur Gold Project in Utah. The latest assays revealed multiple significant intersections, with the most notable being 1.8 grams per tonne (g/t) of gold over a width of 25.9 meters at a depth of 6.1 meters downhole in the hole designated RM25-144. Additionally, results showed 1.3 g/t gold over 21.9 meters at 16.8 meters depth from RMC25-019, and 0.7 g/t over 29.0 meters at a depth of 21.3 meters in RM25-131.

#Updates on Project Development

Alongside the drilling results, the company provided updates on other aspects of the project. Revival Gold's environmental consultant, Stantec Consulting Inc., has finalized detailed work plans for baseline biological studies, with fieldwork scheduled to start in the first quarter of 2026. Discussions with local regulatory authorities concerning historical mining-related archaeological sites have also commenced, indicating progress on necessary permitting.

Revival Gold is set to conduct approximately twenty column leach tests, with preparations already in motion. Furthermore, a contractor has been chosen to assess and redevelop the historical water supply wells located at the Mercur site, with operations expected to start shortly.

#Leadership Changes and Operational Goals

The announcement included the appointment of Timothy S. Barnett as General Manager of the Mercur project, who brings over 30 years of experience in mining operations. Previously with Rio Tinto Kennecott, his leadership is anticipated to enhance the company's capability in advancing the development of Mercur. Revival Gold’s President & CEO, Hugh Agro, expressed excitement over Mr. Barnett's addition and reaffirmed the company’s goal to restart gold production at Mercur.

#Looking Ahead

The drilling program culminated in December 2025, marking the completion of 115 holes and laying the groundwork for the planned pre-feasibility study for 2026. The results obtained to date are in line with the resource assessments previously established in the Preliminary Economic Assessment.

#Key Takeaways

  • Revival Gold reports key intercepts from drilling at Mercur, including 1.8 g/t gold over 25.9 meters.
  • Environmental studies are set to start, signaling continued progress towards project development.
  • Timothy S. Barnett has been appointed as General Manager, bringing extensive mining experience.
  • The completion of drilling positions Revival Gold for a pre-feasibility study in 2026.
  • Ongoing activities reflect a commitment to restart gold production amid favorable gold prices.

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Frequently Asked Questions

Revival Gold reported encouraging drilling results, including a significant intersection of 1.8 g/t gold over 25.9 meters in RM25-144, further confirming the potential of the Mercur Gold Project.
The project is advancing with detailed work plans being prepared for biological studies and permitting discussions with regulators, indicating a systematic approach toward development.
Timothy S. Barnett has been appointed as General Manager, bringing over thirty years of mining experience, which is expected to enhance the operational capabilities of the Mercur project.
Revival Gold's primary focus for 2026 is to progress towards restarting gold production at Mercur, leveraging the recent positive drill results and strengthening its leadership team.
The assay results align well with the existing mineral resource models and are likely to provide a solid foundation for the upcoming pre-feasibility study, enhancing the project's viability.
Revival Gold has contracted a team to evaluate and redevelop historical water supply wells, which is critical for sustaining operations as the project develops.
Fieldwork for biological studies is set to commence in Q1, with a structured timeline laid out for various development phases, showing a commitment to timely advancements.
With gold prices above US$4,000 per ounce, there is significant potential for the Mercur project to create substantial value once production resumes.