Revival Gold Intersects 3.0 g/t Gold Over 21.1 Meters at Mercur and Mobilizes Fourth Rig to Beartrack-Arnett
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On October 29, 2025, Revival Gold provided a drilling update for its Mercur Gold Project in Utah and its Beartrack-Arnett Gold Project in Idaho.
At Mercur, the company reported several new drill intercepts, highlighted by hole RMC25-011 which intersected 3.02 g/t gold over 21.1 meters in the Golden Gate area. Other notable intercepts included 0.77 g/t gold over 38.1 meters. The company stated it is now 55% through its planned 16,900-meter drill program, which is designed to support a Pre-Feasibility Study (PFS) planned for 2026.
At Beartrack-Arnett, Revival Gold has mobilized a fourth drill rig to target new high-grade areas and expand the existing resource. The company expects initial results from this new rig in December.
This news is materially positive. The drill results from Mercur, particularly the high-grade intercept of 3.02 g/t gold over 21.1 meters, are excellent for a project being modeled as a shallow open-pit, heap leach operation. These results add confidence to the geological model, confirm grade continuity, and should positively impact the upcoming resource update and PFS. The market expects exploration companies to deliver consistent, value-adding drill results, and this release meets that expectation with strong grades.
The operational update is also significant. Mobilizing a fourth rig to Beartrack-Arnett demonstrates an acceleration of exploration activities at their second key asset. This shows the company is well-funded and aggressively pursuing resource growth across its portfolio, not just at Mercur.
Looking at the progression of news, the company is delivering on its stated plans. - March 2025: Delivered a robust PEA for Mercur, setting the stage for advancement. - July 2025: Secured a major $29 million financing at $0.48/share, removing any near-term funding concerns and fully capitalizing the company to execute its plans. - July-October 2025: Commenced and has now significantly advanced the large drill program at Mercur, releasing positive results along the way (Oct 6 and Oct 29 releases). - October 2025: Strengthened the management team with a key corporate development hire.
This latest release confirms the company remains on track and continues to de-risk its primary asset while simultaneously advancing its secondary project. While not a game-changing discovery, the quality of the results is material and reinforces the investment thesis.
Revival Gold is a US-focused gold exploration and development company with two principal past-producing assets. 1. Mercur Gold Project (Utah): This is the company's near-term flagship project. It is a brownfield site with existing infrastructure. The March 2025 PEA outlined a potential 10-year, open-pit heap leach operation producing an average of 95,600 ounces of gold per year. The company is currently focused on a large drill program to support a Pre-Feasibility Study (PFS) planned for 2026. Revival has an option to acquire 100% of the project from Barrick. 2. Beartrack-Arnett Gold Project (Idaho): This is a large, past-producing land package with a substantial existing gold resource. The development plan envisions a first-phase heap leach operation, followed by a potential second-phase high-grade underground sulphide operation. Recent metallurgical work with Dundee Sustainable Technologies has shown promising results for processing the sulphide material.