Revival Gold Intersects 1.65 g/t Gold over 30.5 Meters & 0.92 g/t Gold over 30.5 Meters at Mercur Project in Utah
Revival’s Mercur infill drilling identified modest oxide extensions with grade-thickness insufficient to materially re-rate the developer already funded to PFS.
Revival Gold Inc. (RVG) has released assay results from 13 reverse-circulation (RC) holes at its Mercur Gold Project in Utah, contributing to a broader 18,000-meter drilling program. The company highlighted several intercepts, with core lengths as follows:
- RM26-204: 1.65 g/t Au over 30.5 m from 128 m downhole
- RM26-183: 0.92 g/t Au over 30.5 m from 145 m
- RM26-189: 2.44 g/t Au over 6.1 m from 85.3 m and 0.73 g/t Au over 9.1 m from 111.3 m
- RM26-194: 1.89 g/t Au over 10.7 m from 50.3 m
- RM26-195: 0.65 g/t Au over 18.3 m from 140.2 m
- RM26-190: 1.40 g/t Au over 10.7 m (backfill) from 73.2 m
According to the company, these results suggest that potentially leachable material extends below the open pit defined in the Preliminary Economic Assessment (PEA), indicating potential for expansion.
Revival Gold Inc. (RVG) is a developer rather than a grassroots explorer. The Mercur project already holds a Preliminary Economic Assessment (PEA) and an Indicated plus Inferred resource of 1.37 million ounces. The company’s market capitalization of approximately C$240 million already reflects an expectation of a viable project at gold prices above the PEA base case.
The reported intercepts show that oxide mineralization continues outside the current PEA pit shell, which supports potential resource expansion. However, the grades and widths are consistent with the existing low-grade resource and do not point to a new high-grade zone. The gram-metres are insufficient to indicate a material upgrade to the deposit’s average grade or scale.
The stock has drifted from C$1.13 in late February to C$0.75, with no notable move on this news. The chart suggests the market priced in more exciting exploration success at Joss (Beartrack-Arnett) earlier in the year; today’s Mercur results are a minor positive but unlikely to reverse the downtrend. These are routine infill and step-out results that confirm mineralization beyond the pit.
Revival Gold Inc. (RVG) is a US-focused gold developer managing two brownfield projects. Its Mercur, Utah, operation is a past-producing Carlin-style heap-leach project. A 2025 Preliminary Economic Assessment (PEA) outlines a 10-year mine life producing 95,600 ounces per year, yielding an after-tax net present value (NPV) of $741 million at $3,000 per ounce gold. The project holds a total resource of 1.37 million ounces across Indicated and Inferred categories. A Preliminary Feasibility Study (PFS) is targeted for the first quarter of 2027, with permitting currently underway.
The company’s second asset, Beartrack-Arnett in Idaho, is an orogenic gold system featuring an open-pit heap-leach PFS completed in 2023. It also includes a high-grade underground inferred resource at Joss, comprising 6.7 million tonnes at 4.05 grams per tonne for 877,000 ounces. Ongoing deep drilling is testing for extensions of the sulphide mineralization.
Revival Gold is well-funded with approximately C$32.7 million in cash as of June 30, 2026. This liquidity position was supported by a C$33 million raise in May 2026.