Revival Gold Intercepts 1.0 g/t Gold Over 30 Meters and Extends Mineralization at Mercur Project in Utah
Revival Gold's Mercur Project De-risking Accelerates as Drills Confirm Near-Surface Expansion Ahead of 2026 Pre-Feasibility Study
The news release dated February 10, 2026, provides the latest assay results from the 2025 drilling program at the Mercur Gold Project in Utah. Key highlights include 1.01 g/t Au over 30.5 meters (RM25-165) and 0.74 g/t Au over 38.1 meters (RM25-164). These results are from 86 of the 115 holes completed in the 2025 program. The drilling focused on upgrading Inferred resources and testing extensions. Specifically, holes RM25-155 and RM25-157 successfully extended mineralization north of the Rover area, outside the currently known Mineral Resource. Management reports that the data collected is consistent with the Preliminary Economic Assessment (PEA) models and will support the Pre-Feasibility Study (PFS) planned for 2026.
- Resource Confidence: The results confirm the continuity of near-surface oxide gold mineralization. Intercepts like 1.01 g/t Au over 30m are robust for a heap leach project and support the transition from Inferred to Indicated categories required for the PFS.
- Expansion Potential: Extending mineralization outside the known resource area north of Rover suggests the potential for a longer mine life or higher annual production than the 95,600 ounces estimated in the 2025 PEA.
- Strategic Consolidation: The news reinforces the value of the recent consolidation of the 7,200-hectare land package. By unifying the Homestake and Barrick claims, the company is now identifying mineralization in areas previously under-explored due to fractured ownership.
- Valuation Support: With gold prices noted as being "comfortably above US$4,000 per ounce" in recent transcripts (January 2026), these intercepts significantly de-risk the project's ability to generate the high NPV ($752M at $3,000 Au) projected in the PEA.
Revival Gold Inc. is focused on two large-scale U.S. gold projects: - Mercur Gold Project (Utah): The current flagship. A past-producing Carlin-style system. The 2025 PEA outlines a 10-year mine life producing ~96,000 oz/yr via open-pit heap leach. It benefits from being on primarily private land with existing power and road infrastructure. - Beartrack-Arnett Gold Project (Idaho): A secondary, larger resource (4.6M oz total) with significant high-grade underground potential at the Joss zone.