Revival Gold Targets Underground Resource Growth With Drilling at Beartrack-Arnett Gold Project in Idaho
Revival shifts focus to Idaho exploration as Utah's Mercur project enters the engineering and permitting queue
The most recent news (March 17, 2026) provides an operational update on the Beartrack-Arnett project in Idaho. The company has completed 2,300 meters of a 3,900-meter winter drill program. Results from the Sharkey target (a step-out) showed alteration but no significant gold mineralization. However, the company has successfully intersected the Panther Creek Shear Zone (PCSZ) at the Joss target with one rig, while a second rig is nearing the target. This drilling aims to expand the existing 1-million-ounce underground resource to support a potential second phase of operations, following the initial open-pit heap leach phase.
The impact is Routine - Neutral. While the intersection of the PCSZ at Joss is geologically encouraging, the lack of significant results at the Sharkey target is a minor setback for "blue-sky" step-out potential. The news is largely in line with the 2026 Outlook provided on February 23, 2026, which established that Beartrack-Arnett would be the secondary focus while Mercur is advanced toward a 2027 PFS. This update confirms that exploration is proceeding as planned but does not yet provide the "high-grade" assay results needed to materially re-rate the stock.
Revival Gold is a developer with two primary assets in the US Great Basin: - Mercur Gold Project (Utah): The current flagship. A past-producing Carlin-style mine. A 2025 PEA outlined a 95,600 oz/year heap leach operation with an NPV of $752M (at $3,000 Au). - Beartrack-Arnett (Idaho): A large resource (multi-million ounce) with a first-phase heap leach plan and a second-phase underground sulphide potential.