Revival Gold Welcomes Two Drill Rigs for Mercur Project
Arrival of Drill Rigs Enhances Mercur Gold Project Development
TORONTO – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) is excited to share that the first of two drill rigs has officially arrived at the Mercur Gold Project, marking a significant milestone for the Company.
Exciting Drilling Program Initiated
The Company has kicked off its 2025 drilling program at Mercur, which is designed to encompass an impressive 3,000 meters of HQ and PQ core drilling. This crucial phase is aimed at bolstering the future metallurgical and geotechnical testing that will provide essential insights into the gold resources present at the site. Additionally, the program incorporates another 10,000 meters of reverse circulation (RC) drilling intended to further enhance the Project’s Mineral Resources.
Your Detailed Insights on the Drilling Process
The initial core drilling rig, secured from Alford Drilling LLC, is pivotal as it will operate over the next three to four months. During this time, material samples will be harvested and scrutinized not only for gold content but also for their multi-element geochemistry. The primary goal here is to build on existing metallurgical data through variability tests conducted on various sizes of samples taken from strategic geographical points around the known Mineral Resource.
Second Rig to Strengthen Drilling Efforts
Moreover, a second drill rig, specializing in RC techniques and contracted from Boart Longyear, is slated to make its arrival shortly. The plan is ambitious, with 60 to 75 discrete RC holes targeted in key areas including the Rover, Main, and South Mercur deposits over the next five to six months. This drilling is essential to support the development of a Preliminary Feasibility Study, with implications for the next stages of gold exploration and extraction.
Manifesting Opportunities from Historical Data
What makes this drilling plan particularly intriguing is the spotlight on historical waste rock fill, which was originally deemed non-valuable from past mining endeavors during the 1980s and 90s. Recent drilling data has sparked interest, displaying potential for recoverable gold in areas once thought barren, as evidenced by hole EN070, which revealed intersections of 0.73 g/t Au over extensive lengths.
Leadership's Vision for the Future
Hugh Agro, President & CEO, expressed his optimism regarding this drilling endeavor, stating, “We anticipate significantly more exploration and development news from our field activities this year.” Furthermore, the plan to secure a third drill rig for the Beartrack-Arnett project signifies the Company’s dedication to creating a robust exploration strategy for 2025, showcasing the potential for the most productive field season yet.
Revival Gold’s Ongoing Commitment to Growth
The Mercur Gold Project involves various interests, including those optioned from prominent partners. To support ongoing progress and news generation, Revival has announced the extension of its marketing services agreement with Resource Stock Digest, which is set to solidify the Company’s outreach and visibility in the marketplace.
Understanding Revival Gold’s Strategic Position and Developments
As one of North America’s key gold mine developers, Revival Gold is steadfastly pushing forward with developing the Mercur project while also ramping up exploration operations at Beartrack-Arnett in Idaho. This dual focus underlines a broader strategy to enhance gold resource assessment capabilities and potentially improve market standing.
Frequently Asked Questions
What is the purpose of the drilling program at Mercur?
The drilling program aims to enhance metallurgical data and upgrade the Project’s Mineral Resources through extensive testing and exploration.
How many drill rigs are currently operational at the site?
Currently, the first drill rig has arrived, with a second rig expected to be operational soon, supporting more comprehensive drilling efforts.
What insights are being sought from the drill samples?
Samples will undergo analysis for gold content as well as multi-element geochemistry to provide a clearer understanding of the mineral resources.
What historical materials are being targeted for further evaluation?
The drilling will also explore historical waste rock, which recent data suggests may contain recoverable gold not previously identified.
Who can I contact for more information about Revival Gold?
For further inquiries, you can reach out to Hugh Agro, President & CEO, or Lisa Ross, Vice President & CFO, by calling (416) 366-4100 or emailing info@revival-gold.com.
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