Northwire Canada EditionWednesday, August 5, 2026
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LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7% LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7%
Drill Results

Revival Gold Intercepts 1.8 g/t Gold Over 26 Meters and Provides Update on Mercur Heap Leach Project in Utah

Revival Gold Solidifies Path to Production at Mercur with High-Grade Intercepts and Strategic Hires

By The Northwire Desk — AI Analysis Jan 07, 2026 · 07:30 RVG · 0.72 Revival Gold Inc.
Executive Summary

The news release dated January 7, 2026, provides final 2025 drilling results from the Mercur Gold Project in Utah, highlighted by 1.75 g/t gold over 25.9 meters in the Rover area. The company has completed its 115-hole 2025 program. Concurrent with the technical data, Revival announced the appointment of Timothy S. Barnett as General Manager for Mercur. Barnett brings 30 years of experience from Rio Tinto and Continental Gold. Operationally, the company is progressing baseline biological studies, archaeological mitigation, and metallurgical column leach tests to support a Pre-Feasibility Study (PFS) slated for 2026. CEO Hugh Agro noted that with gold prices above US$4,000/oz, the project’s target of 100,000 ounces per annum represents significant value.

Material Impact
  • Drilling Consistency: The results (1.75 g/t Au) significantly exceed the PEA average grade of 0.60 g/t. This suggests potential for grade reconciliation improvements or the definition of higher-grade starter pits, which would shorten the payback period.
  • Operational De-risking: The hire of a General Manager with specific construction and commissioning experience (Buritica, Haile) signals a transition from "exploration" to "development." This is a material shift in corporate stage.
  • Infrastructure Progress: Selection of contractors for water well redevelopment and baseline biological work indicates the company is moving past theoretical PEA stages into the critical path for permitting.
  • Gold Price Leverage: The project’s economics are highly sensitive to gold. The PEA (March 2025) used a $2,175/oz base case; the current mention of $4,000/oz gold implies the NPV ($752M at $3,000 gold) is now substantially higher, likely exceeding $1 billion, though a formal update is required to confirm.
RVG · Price
Company Overview

Revival Gold is a growth-focused gold exploration and development company. Its flagship is the Mercur Gold Project in Utah, a past-producing Carlin-style open-pit heap leach mine. - Flagship: Mercur Project (Utah, USA). - Resource: 746,000 oz Indicated (0.66 g/t) and 626,000 oz Inferred (0.54 g/t). - Stage: PEA complete; transitioning to PFS and Permitting. - Secondary Project: Beartrack-Arnett (Idaho, USA), a large multi-million-ounce resource currently focused on high-grade underground potential.

Read the original news release →

More from Revival Gold Inc.

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 Jun 25, 2026 · 07:31

Revival extends the Joss Depth to 850 meters while maintaining the Mercur pre-feasibility study timeline.

Drill Results Jun 08, 2026 · 07:31

Revival secures buffer land for its Mercur project as drilling and a preliminary feasibility study advance.

M&A / Property Jun 01, 2026 · 07:31

Revival Gold Trims Non-Core Phosphate Asset to Fund Mercur PFS and Cement Pure-Play Gold Status

M&A / Property