Exciting Progress at Revival Gold's Mercur Project
Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) is thrilled to announce impressive updates from ongoing drilling activities at their Mercur Gold Project. These recent findings have generated considerable excitement and highlight the potential of this significant gold deposit.
Key Highlights from the Drilling Program
The company has successfully received assay results from eleven drill holes, showcasing some noteworthy intersections:
Impressive Gold Intersections
- 1.4 g/T gold over 44.2 meters recorded in RM25-117.
- 1.0 g/T gold over 24.4 meters in RM25-120.
- 1.7 g/T gold over 12.9 meters in RMC25-017.
- 0.9 g/T gold over 24.4 meters in RM25-113.
These results not only confirm gold presence but also indicate the leachability of the gold, which is crucial for potential mining operations. RMC25-120, in particular, suggests exciting resource expansion potential down-dip from the Preliminary Economic Assessment (PEA) pit model, reinforcing the project's viability and future prospects.
Exploration Efforts and Ongoing Drilling
Revival Gold has already completed 100 holes, totaling around 10,000 meters of their ambitious 13,000-meter drilling program. Drilling is currently in progress with three rigs active at Mercur and an additional rig working at the Beartrack-Arnett site in Idaho. The exploration team's thorough and strategic approach aims to maximize resource identification, and additional results are anticipated shortly.
Shallow Nature of the Deposit
The average depth at which gold has been found starts at 45 meters downhole, highlighting the exceptionally shallow nature of the Mercur gold deposit. This characteristic positions the project favorably for lower extraction costs, paving the way for a potentially expanded mine plan.
Market Outlook and Economic Justification
According to Revival Gold's President and CEO, Hugh Agro, this year's drilling results align closely with the project's PEA outcomes. The initial economic assessments, at a time when gold prices are around $2,175 an ounce, forecast significant potential when considering the consensus long-term prediction of $3,000 per ounce. Projects like Mercur, which could advance quickly to production stages, offer enticing prospects for investors seeking exposure to the gold market.
Analysis and Quality Control Measures
The company implements rigorous Quality Assurance/Quality Control protocols to ensure sample reliability. This process includes inserting certified reference materials, duplicates, and blanks into the sample stream, coupled with immediate analysis upon receipt. Results are further verified by respected laboratories such as ALS Geochemistry, ensuring the credibility of findings. Gold analyses are conducted using fire assay methods on various sampling types, ensuring comprehensive evaluation of mineral quality.
Technical Team and Expertise
Technical insights reported are overseen by qualified professionals within the company, including John Meyer and Dan Pace, providing substantial expertise in engineering and geology critical for project advancement.
About Revival Gold Inc.
Revival Gold is known as one of the largest and most dedicated pure gold mine developers in the United States. The journey of the company is marked by its focused efforts in advancing the Mercur Gold Project in Utah and activities in the Beartrack-Arnett area of Idaho. With its headquarters located in Toronto, Canada, and an exploration office in Salmon, Idaho, Revival Gold continues to strengthen its position in the mining industry.
For more information, the company encourages interested investors and stakeholders to connect with their team through:
Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com
Frequently Asked Questions
What are the latest findings from Revival Gold's drilling at Mercur?
The latest findings include significant gold intersections such as 1.4 g/T gold over 44.2 meters, confirming both resource potential and leachability.
How many holes have been drilled at the Mercur project so far?
The company has drilled 100 holes as part of their 13,000-meter drilling program.
What is the economic outlook for the Mercur Gold Project?
The initial economic assessments suggest strong viability, especially with gold prices expected to rise significantly.
What measures does Revival Gold take to ensure data quality?
The company follows stringent QA/QC protocols, including sample duplicates and external laboratory testing for all assay results.
Who can I contact for more information about Revival Gold?
You can reach Scott Trebilcock at (416) 366-4100 or email info@revival-gold.com.
