Announcement • Jul 15

Revival Gold Reports Drilling Results At Mercur Gold Project In Utah

Revival Gold has completed 7,400 meters in 74 holes of this year's planned 18,000-meter drilling program. Results have been received for the first thirteen reverse circulation drill holes (RM26-182, 183, 184, 186, 187, 188, 189, 190, 194, 195, 196, 197 and 204) located in the South Mercur and Main Mercur areas and include: 1.65 grams per tonne gold over 30.5 meters width at 128 meters downhole in RM26-204; 0.92 grams per tonne gold over 30.5 meters width at 145 meters downhole in RM26-183. True width for all holes is estimated to be 65-100% of drilled width. Results at South Mercur indicate that the zones of potentially leachable material extend below the planned open pit contemplated in the Mercur Preliminary Economic Assessment. Drilling is ongoing with two RC rigs at Main Mercur focused on mineral resource conversion, expansion and engineering design. Two additional rigs are expected to arrive later this summer. Approximately 8,500 meters of infill RC drilling is planned for Mercur this year to convert Inferred Mineral Resources to the Measured & Indicated categories in support of a Preliminary Feasibility Study targeted for completion by the end of First Quarter 2027. An additional 2,500 meters of RC drilling, 1,200 meters of core drilling and 600 meters of auger drilling are planned for Mercur to pursue resource expansion opportunities. Geotechnical, hydrological, and condemnation drilling are expected to make up an additional 5,200 meters of RC, core and auger drilling. Detailed drill results are presented in Mercur HillLost short of target270-750.0Not AssayedRM26-204South Mercur30-70128.0158.530.51.6576158.5169.210.71.6114 Notes: True width for all holes is estimated to be 60-95% of drilled width. Numbers may not add up due to rounding. AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled. Mineralized intercepts are calculated based on a 0.17 g/t cutoff grade allowing up to two intervals of internal dilution. No recovery and non-assayed intervals are assigned a 0 value for intercept calculation. Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab. Gold assays are determined on reverse circulation drill cuttings by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23). For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME-MS 41 method. Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief Geologist for the Company.

Revival Gold Inc. Stock Price

RVG Share Price Performance

RVG Community Narratives

7,000% US Based Idaho & Utah Gold Miner Play, Beartrack + Mercur: $1.2B+ NAV Leverage with Strong Management

7,000% US Based Idaho & Utah Gold Miner Play, Beartrack + Mercur: $1.2B+ NAV Leverage with Strong Management

Trending Discussion

Recently Updated Narratives

Valuation (Latest Update)

Snowflake Analysis

Revival Gold Inc. Key Details

About RVG

Recent RVG News & Updates

Canadian Phosphate Limited (ASX:CP8) completed the acquisition of Diamond Mountain from Revival Gold Inc. (TSXV:RVG) and Utah Mineral Resources, LLC for $3 million.

Revival Gold Reports Drilling Results At Mercur Gold Project In Utah

Valuation (Latest Update)

Recent updates

Revival Gold Inc. Competitors

Mako Mining

Aclara Resources

ATEX Resources

Santacruz Silver Mining