Positive Metallurgical Test Results for Revival Gold
TORONTO — Revival Gold Inc. (TSX-V: RVG, OTCQX: RVLGF) has announced some promising results from its column leach metallurgical test program, which was carried out on representative samples from the Mercur Gold Project, an exciting gold mining site in Utah. The company is pleased to share these positive findings, marking an important advancement in its efforts.
Testing Methodology and Results Overview
The test program involved creating five composite samples from seven HQ core holes. These samples were carefully prepared to accurately represent the main gold-bearing heap leachable host rocks at Mercur. To ensure precise testing, all composites were crushed so that 100% passed through a 12.5 mm (0.5 inch) sieve. They then underwent an active leaching process for seven weeks at the Kappes Cassiday & Associates lab located in Reno, Nevada.
Extraction Rates
The results showed impressive gold extraction rates during the five column leach tests, with values of 85%, 85%, 74%, 92%, and 82%. These high percentages indicate that the mineral compositions tested at Mercur have significant potential for gold recovery. Detailed information and comparisons with alternative testing methods can be found in the results comparison charts.
Cyanide Consumption and Leach Kinetics
Throughout the tests, the average sodium cyanide consumption was measured 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, with 90% of the gold successfully leached into solution within just five days.
Implications for Future Planning
These findings, along with historical operational and exploration data, enhance the understanding of the suitability of the Mercur host rocks for cyanide leaching processes used in gold recovery. Moving forward, these metallurgical results will support the heap leach recovery rates projected in an upcoming Preliminary Economic Assessment (PEA) for Mercur, which Revival Gold aims to complete by the end of the first quarter of next year.
Executive Insights
Hugh Agro, President and CEO of Revival Gold, expressed his enthusiasm regarding 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 Qualified Person for this release. He has thoroughly reviewed and approved the scientific and technical information presented here, ensuring compliance with National Instrument 43-101 standards.
Company Overview and Future Outlook
Revival Gold is a dedicated gold mine developer focused on the western United States. The company is actively 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 located in Idaho. Revival Gold is publicly traded on the TSX Venture Exchange under the symbol “RVG” and 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 detailed information, including financial reports, technical documents, and other key disclosures, stakeholders can visit the company’s website or SEDAR+. For further inquiries, Hugh Agro, President & CEO, or Lisa Ross, CFO, can be contacted through the company’s designated 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.”
