Revival Gold Reports Interim Results on Mercur Column Leach Testing Program

Revival Gold Inc. (RVG) released interim results from its 2026 metallurgical column leach testing program at the Mercur Project in Utah. Conducted by Kappes, Cassiday & Associates (KCA), the testing evaluated the impacts of crush size and cement agglomeration on gold leachability. The program utilized 18 columns derived from 11 metallurgical composites sourced from 2025 core samples.

Oxide material columns demonstrated an average gold extraction of 81% and silver extraction of 16%. Refractory material columns averaged 43% gold extraction and 31% silver extraction. These results are preliminary and will be reconciled with tail assays upon the program’s completion in fall 2026. The data will refine recovery and processing assumptions for the Mercur Prefeasibility Study (PFS), which is targeted for release in Q1 2027.

Revival Gold Inc. (RVG) released an update on its metallurgical testing, a routine milestone supporting the upcoming Preliminary Feasibility Study (PFS). The results showed an 81% gold extraction rate for oxide material, which aligns with the company’s heap leach development strategy. Extraction for refractory material came in at 43%, a figure consistent with typical refractory behavior. Management is expected to address this through blending or additional processing steps during the PFS.

No new financial guidance, resource updates, or financing announcements were made with the release. The news validates the technical feasibility of the heap leach process but does not alter the near-term development timeline.

Revival Gold Inc. is a gold exploration and development company focused on two primary assets in the western United States. Its flagship asset is the Mercur Gold Project in Utah, a past-producing Carlin-style gold system with 2.6 million ounces of historical production. The company consolidated 100% control of the 7,200-hectare land package in April 2026. A Preliminary Economic Assessment (PEA) for Mercur projects 95,600 ounces of gold per year over a 10-year mine life, with an after-tax NPV of $752 million at $3,000/oz and an AISC of $1,385/oz.

The company’s secondary asset is the Beartrack-Arnett Gold Project in Idaho. A PFS completed in 2023 outlines an 8-year open-pit heap leach phase producing 65,300 ounces per year. Combined production targets exceed 160,000 ounces per year, with long-term goals exceeding 250,000 ounces per year including underground expansion. Development timeline targets a PFS release in Q1 2027, permitting completion by end of 2027, construction decision in 2028, and first production in 2029.