Northwire Canada EditionTuesday, August 4, 2026
Northwire
NXE 12.82 +0.0% TIGR 0.645 +0.0% DML 3.95 +0.0% COSA 0.530 +0.0% PUMA 0.105 +0.0% GPAC 0.280 +0.0% LAF 1.60 +0.0% GRL 0.255 +0.0% RDG 0.170 +0.0% RVG 0.660 +0.0% TLO 5.03 +0.0% RAMP 0.275 +0.0% NOB 0.065 +0.0% COS 0.060 +0.0% LIB 0.800 +0.0% NTH 0.160 +0.0% NXE 12.82 +0.0% TIGR 0.645 +0.0% DML 3.95 +0.0% COSA 0.530 +0.0% PUMA 0.105 +0.0% GPAC 0.280 +0.0% LAF 1.60 +0.0% GRL 0.255 +0.0% RDG 0.170 +0.0% RVG 0.660 +0.0% TLO 5.03 +0.0% RAMP 0.275 +0.0% NOB 0.065 +0.0% COS 0.060 +0.0% LIB 0.800 +0.0% NTH 0.160 +0.0%
Drill Results Material +

Revival Gold Intersects 3.43 g/t Gold over 131.7 Meters Including 6.6 g/t Gold over 42.5 Meters at Beartrack-Arnett in Idaho

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

Executive Summary

Revival Gold Inc. (RVG) reported one of its highest-grade-thickness drill intercepts from the Joss area at Beartrack‑Arnett. Hole BT26‑255D returned 3.43 g/t Au over 131.7 m downhole (starting at 543 m depth), including 6.56 g/t over 42.5 m and 11.58 g/t over 12.1 m.

The company interprets the result as the beginning of a north‑plunging shoot, located ~70 m above a 2022 hole (BT22‑242D: 10.1 g/t / 11.4 m) and ~150 m below a 2021 hole (BT21‑240D: 8.9 g/t / 11.8 m). True width is estimated at 40‑50 % of drilled width.

The release reiterates that Joss hosts an inferred resource of 6.7 Mt at 4.05 g/t for 877 koz, not yet in the open‑pit heap‑leach PFS economics, and that deposit remains open.

Material Impact

Revival Gold Inc. (RVG) reported a thick, high-grade intercept that reinforces the underground expansion thesis at Beartrack-Arnett, where the Joss inferred resource currently stands at 877 koz at 4.05 g/t. The hole demonstrates the deposit can deliver broad zones of >3 g/t gold over more than 50 m true width at depth, a characteristic attractive for underground bulk mining.

The market has already seen strong Joss results this year, including BT26-252D: 5.4 g/t / 32.6 m, and BT26-254D: 2.37 g/t / 147.2 m. The stock price did not surge on earlier news; for example, the June 25 release of BT26-254D barely moved the price, suggesting the market may be waiting for a resource update or economic study rather than reacting to individual holes. The company is an explorer with a defined resource and a clear path involving a PFS for heap leach, followed by a UG study.

RVG · Price
Company Overview

Revival Gold Inc. (RVG) is a pure-gold junior developer operating two brownfield assets in the United States. The Mercur Gold Project in Utah is at the preliminary economic assessment (PEA) stage, featuring a heap-leach open pit with 1.37 million ounces of measured and indicated plus inferred resources. The PEA indicates a net present value (NPV) of $741 million at $3,000 per ounce, with a prefeasibility study (PFS) targeted for the first quarter of 2027 and first production aimed for 2029.

The Beartrack-Arnett Gold Project in Idaho is at the PFS stage, comprising an open-pit heap-leach operation with 859,000 ounces of reserves and a large underground opportunity at Joss containing 877,000 ounces inferred at 4.05 grams per tonne. The combined company net asset value (NAV) at $3,000 per ounce is approximately $1.2 billion.

The company raised C$33 million in May 2026 and holds C$32.7 million in cash, leaving it fully funded to a construction decision. Major shareholders include EMR Capital and Dundee Corp.

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