Revival Gold continues drilling at Mercur

Executive Summary

• Revival Gold has completed ~3,200 m of a planned 13,000 m drilling program at the Mercur gold project, representing roughly one‑quarter of the year’s target.
• Six PQ core holes and 22 RC infill holes were drilled; 1,300 samples from 16 holes have been submitted for assay with results expected later this fall.
• The company engaged multiple engineering and environmental consultants to advance baseline studies, metallurgical sampling, geotechnical modeling, and resource estimation in preparation for a PFS and mine permitting launch in 2026.

Key Details

• Drilling Progress: Two rigs operating since July have drilled ~3,200 m of the 13,000 m target for 2026.
• Core Drilling: Six PQ core holes on east walls of Main Mercur pits and Rover area for column‑leach testing.
• RC Infill Drilling: Twenty‑two river‑circulation (RC) holes in Marion Hill and Rover areas to infill historical drilling; primarily aimed at infilling inferred resources and exploring extensions.
• Assay Work: 1,300 samples from 16 holes submitted to ALS Assay Lab; assay results anticipated later this fall.
• Data Processing: Implementation of Datarock Pty. Ltd.’s geoscience platform for chip‑tray imaging and machine‑learning interpretation; optical televiewer images collected from two core holes for geotechnical analysis.
• Development Consulting Engagements:
• Stantec Consulting Services Inc. & KTW Environmental Consultants LLC – environmental baseline evaluation and work‑plan development.
• Kappes, Cassiday & Associates – metallurgical sample oversight, composite design, permitting coordination.
• Subterra LLC – drilling‑related geotechnical data collection and PFS‑level open‑pit geotech models.
• RESPEC Company LLC – refinement of 3‑D mineral resource models for PFS support.
• Future Plans: Continued core drilling for metallurgical sampling in Main Mercur; South Mercur core program pending Utah Division of Oil, Gas & Mining permit approval.
• Strategic Timeline: Preparation for potential completion of a Prefeasibility Study (PFS) and formal mine‑permitting launch slated for 2026.

Notable Quotes

“With two rigs operating and a third on its way, we've completed about a quarter of the planned 13,000‑metre drilling program at Mercur this year,” – Hugh Agro, President & CEO.
“Key components of the Mercur development consulting team have coalesced … in preparation for the potential completion of a PFS and the formal launch of mine permitting in 2026.” – Hugh Agro.