Revival Gold Announces Success in Metallurgical Testing at Mercur

Positive Metallurgical Test Results for Revival Gold

TORONTO — Revival Gold Inc. (TSX-V: RVG, OTCQX: RVLGF) has recently shared encouraging outcomes from its column leach metallurgical test program conducted on representative samples taken from the Mercur Gold Project, a promising gold mining site in Utah. The company is thrilled to announce these positive results, marking a significant step forward in its endeavors.

Testing Methodology and Results Overview

The test program involved developing five composite samples derived from seven HQ core holes. These samples were meticulously created to be representative of the primary gold-bearing heap leachable host rocks located at Mercur. To facilitate accurate testing, all composites were crushed, ensuring that 100% passed through a 12.5 mm (0.5 inch) sieve. Following this, they were subjected to an active leaching process for a duration of seven weeks at Kappes Cassiday & Associates’ lab based in Reno, Nevada.

Extraction Rates

The results revealed impressive extraction rates for gold during the five column leach tests, which recorded values of 85%, 85%, 74%, 92%, and 82%. These high numbers show that the mineral compositions tested at Mercur exhibit significant gold recovery potential. The full details and comparative results against alternative testing methods are in the results comparison charts.

Cyanide Consumption and Leach Kinetics

During the tests, the average sodium cyanide consumption was noted at 0.57 kg/T (1.14 lbs/t), while lime addition was recorded at 1.0 kg/T (2 lbs/t). Notably, the leach kinetics for all composites were rapid, as 90% of the gold was successfully leached into solution within just five days.

Implications for Future Planning

These findings, combined with historical operational and exploration data, enhance the understanding of the Mercur host rocks’ suitability for cyanide leaching processes used for gold recovery. Moving forward, these metallurgical results will underpin the heap leach recovery rates assumed in a forthcoming Preliminary Economic Assessment (PEA) aimed at Mercur, which Revival Gold is targeting for completion by the close of the first quarter of the coming year.

Executive Insights

Hugh Agro, President and CEO of Revival Gold, expressed his satisfaction with the metallurgical test results. He stated, "We are very pleased with today’s metallurgical test results. The mid-80’s percent average extraction rate and rapid leach kinetics for the five columns tested bode well for the upcoming Mercur PEA.”

Qualified Personnel Involved

The company’s Vice President of Engineering and Development, John P.W. Meyer, P.Eng., is recognized as the designated Qualified Person for this release. He has reviewed and approved the scientific and technical information shared herein, assuring compliance with National Instrument 43-101 standards.

Company Overview and Future Outlook

Revival Gold is a focused gold mine developer in the western United States. The company is currently advancing engineering and economic studies on the Mercur Gold Project while also progressing with mine permitting and ongoing exploration at the Beartrack-Arnett Gold Project situated in Idaho. Revival Gold is publicly traded on the TSX Venture Exchange under the symbol “RVG” while it appears on the OTCQX Market under the ticker “RVLGF”. Headquartered in Toronto, Canada, the company operates its exploration and development office out of Salmon, Idaho.

For comprehensive information, including financial reports, technical documents, and other key disclosures, stakeholders can visit the company’s website or SEDAR+. For additional inquiries, Hugh Agro, President & CEO, or Lisa Ross, CFO, can be reached through indicated company channels.

Frequently Asked Questions

What are the metallurgical test results reported by Revival Gold?

Revival Gold reported extraction rates of 85%, 85%, 74%, 92%, and 82% from its metallurgical tests.

When is the Preliminary Economic Assessment (PEA) expected?

The PEA for the Mercur Gold Project is targeted for completion by the end of the first quarter of the upcoming year.

Who is the Qualified Person behind the metallurgical report?

John P.W. Meyer, Vice President of Engineering and Development at Revival Gold, is the Qualified Person overseeing this report.

Where is Revival Gold headquartered?

Revival Gold is headquartered in Toronto, Canada, with an exploration office in Salmon, Idaho.

Which stock exchanges list Revival Gold?

Revival Gold is listed on the TSX Venture Exchange as “RVG” and on the OTCQX under “RVLGF.”

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