Revival Gold Intercepts 4.2 g/t Gold Over 25 Meters at the Mercur Gold Project in Utah

The most recent news (March 4, 2026) reports high-grade drill intercepts from the South Mercur area of the Mercur Gold Project in Utah. Key results include 4.2 g/t gold over 25 meters (including 9.8 g/t over 5.7 meters) and 6.5 g/t gold over 7.1 meters. These results are significant as they represent the first reported drilling by the company in the South Mercur area and contain grades substantially higher than the current project average (PEA average grade is 0.60 g/t). The company has completed 107 of 115 planned holes from the 2025 program, with the 2026 program set to begin in April.

The impact is Material - Positive. While the company has consistently released positive drill results over the past six months, these specific intercepts at South Mercur are "game-changing" in terms of grade profile. - Grade Superiority: Intercepting 4.2 g/t and 6.5 g/t in a project where the PEA was modeled on 0.60 g/t suggests significant potential to enhance the head grade in early years of a mine plan. - De-risking: The results confirm the "robust nature" of the gold zones in a previously fractured land package now consolidated under Revival. - PFS Acceleration: These results directly feed into the Pre-Feasibility Study (PFS) targeted for Q1 2027. - Strategic Value: Consolidating a Carlin-style system (typically found in Nevada) in Utah with existing infrastructure (power, water, roads) significantly lowers the barrier to production.

Revival Gold is a development-stage company with two primary assets in the USA: - Mercur Gold Project (Utah): A past-producing Carlin-style heap leach project. 2025 PEA outlined 95,600 oz/year production over 10 years with an after-tax NPV of $294M (at $2,175 Au) or $752M (at $3,000 Au). - Beartrack-Arnett (Idaho): A large-scale exploration/development project with significant high-grade underground sulphide potential.