Northwire Canada EditionWednesday, October 28, 2026
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Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9% Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9%
Drill Results Routine +

Revival Gold Completes 2026 Infill Drilling Program at Mercur Gold Project in Utah

By The Northwire Desk — AI Analysis Sep 08, 2026 · 07:31 RVG · 0.93 Revival Gold Inc.
Executive Summary

Revival Gold Inc. (RVG) has completed approximately 10,000 meters of infill reverse circulation drilling across 100 holes at its Mercur Gold Project in Utah. The company reported results for 17 additional holes: RM26-180, 181, 185, 191, 192, 193, 198, 199, 200, 201, 202, 203, 205, 206, 207, 208, and 212.

Highlight intercepts from the latest batch include: - RM26-180: 1.82 g/t Au over 29.0 m at 66 m downhole - RM26-193: 1.32 g/t Au over 45.7 m at 17 m downhole - RM26-201: 0.90 g/t Au over 54.9 m at 69 m downhole - RM26-192: 0.75 g/t Au over 44.2 m at 12 m downhole

True width is estimated at 60–95% of the drilled width. The company states that intercepts use a 0.17 g/t Au cutoff with up to two internal dilution intervals, with non-assayed intervals assigned zero.

The drilling programme aims to upgrade Inferred resources to Measured and Indicated categories for a Mercur Preliminary Feasibility Study targeted for the end of Q1 2027. Results from the remaining approximately 70 completed infill holes are still pending. The total 2026 Mercur programme is approximately 18,000 meters, including exploration and engineering drilling.

Material Impact

Revival Gold Inc. (RVG) is a development-stage gold company with a market capitalization of approximately C$297 million. The company’s Mercur infill programme supports an already published preliminary economic assessment (PEA) and a planned pre-feasibility study (PFS), focusing on resource conversion rather than discovery.

The reported drill holes are above resource grade, providing positive confirmation of the deposit quality. However, the release does not materially change Mercur tonnage, grade, resource classification, or project economics as previously presented.

The stock has already re-rated substantially on Beartrack-Arnett Joss drilling. The last price before this release, C$0.93, reflects that Beartrack-driven move and the Mercur PEA story. The gap between what the market already assumes and what this release delivered is small.

RVG · Price
Company Overview

Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) is a pure-play US gold developer and explorer. The company’s Mercur Gold Project in Utah is a Carlin-style past-producing oxide gold system. The 2025 Preliminary Economic Assessment (PEA) identified 746,000 ounces of Indicated resources at 0.66 grams per tonne and 626,000 ounces of Inferred resources at 0.54 grams per tonne. The PEA calculated an after-tax net present value at a 5% discount rate of approximately US$741 million at US$3,000 per ounce gold, with an all-in sustaining cost of about US$1,385 per ounce. A Preliminary Feasibility Study (PFS) is targeted for completion by the end of the first quarter of 2027, with possible production beginning in 2029.

The Beartrack-Arnett Gold Project in Idaho features a 2023 PFS open-pit heap-leach reserve of 36.2 million tonnes at 0.74 grams per tonne for 859,000 ounces. A separate Joss underground Inferred resource totals 6.745 million tonnes at 4.05 grams per tonne for 877,000 ounces. Drilling in 2026 extended the Joss vertical extent to approximately 850 meters.

Prior-period financial statements as of March 31, 2026, showed cash of C$12.8 million and working capital of C$11.9 million. A C$33 million marketed placement closed in May 2026. An investor presentation estimated cash of C$27.8 million as of July 31, 2026. Basic shares outstanding are approximately 319.4 million, with fully diluted shares at approximately 359.6 million.

Read the original news release →

More from Revival Gold Inc.

Oct 07, 2026 · 07:32

Revival confirms grade continuity at Joss wedge holes without adding new scale to the deposit.

Drill Results Sep 22, 2026 · 07:31

Revival’s Mercur infill drilling matched the resource grade without expanding the deposit, while headline grades declined.

Drill Results Aug 17, 2026 · 07:31

Mercur column leach tests confirm heap leach amenability ahead of Revival’s Q1 2027 preliminary feasibility study.

Technical Study Aug 04, 2026 · 07:31

Revival’s Joss deposit returned a thick, high-grade orogenic intercept within the existing resource footprint.

Drill Results Jul 29, 2026 · 23:24

Revival Gold Announces Closing of Sale of Non-Core Diamond Mountain Phosphate Property

M&A / Property Jul 15, 2026 · 07:31

Revival’s Mercur infill drilling identified modest oxide extensions with grade-thickness insufficient to materially re-rate the developer already funded to PFS.

Drill Results