Revival Gold Unveils Exciting Insights from Mercur Gold Project
Revival Gold Promises Robust Growth at Mercur Gold Project
Revival Gold Inc. has made significant strides in its development initiatives, particularly revealing compelling insights from their Mercur Gold Project. The company, trading as Revival Gold (TSXV: RVG, OTCQX: RVLGF), recently presented a detailed technical report in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects. This report enhances the initial assessments and confirms the substantial potential this project holds.
Highlights from the Preliminary Economic Assessment (PEA)
The Preliminary Economic Assessment (PEA) highlights impressive metrics that underscore the viability of the Mercur Gold project. With a life-of-mine (LOM) production target set at 65.6 million tonnes of mineralized material, the project promises to deliver an average recovery rate of 75%. This translates to a remarkable output of 95,600 ounces annually across a projected mine lifespan of ten years.
Impressive Financial Projections
One of the standout features of the PEA is its financial outlook. At a gold price of $2,175 per ounce, the after-tax net present value (NPV) is projected to be around $295 million, with an enticing internal rate of return (IRR) of 27%. Should the gold price rise to $3,000 per ounce, estimates soar to an NPV of $752 million and an IRR of 57%, showcasing the financial robustness of the project even with fluctuating market conditions.
Investment and Sustaining Costs
The upfront financial commitment for the project includes pre-production and working capital totaling $208 million, with additional sustaining capital estimated at $110 million throughout the mine's operational life. The average cash cost is anticipated to be $1,205 per ounce, while all-in sustaining costs will reach approximately $1,363 per ounce, indicating a well-structured investment plan.
Key Resources and Approval Timeline
Revival Gold’s extraction plan leverages indicated mineral resources of approximately 35.3 million tonnes, which grade at 0.66 grams per tonne of gold. Furthermore, inferred resources stand at 36.2 million tonnes, grading at 0.54 grams per tonne. The timeline for completing the necessary mine permitting is projected to take about two years, positioning the company for timely advancements.
Expert Review and Technical Oversight
The Technical Report was compiled by renowned industry experts at Kappes, Cassiday & Associates and RESPEC Company LLC. Their insights ensure that the project's development aligns with required standards and best practices, reinforcing its credibility and viability.
About Revival Gold
As one of the significant players in the U.S. gold mining landscape, Revival Gold is dedicated to advancing its flagship Mercur Gold Project and ongoing exploration efforts at the Beartrack-Arnett Gold Project. With a solid operational base in Toronto and an exploration office in Salmon, Idaho, they are well-equipped to uphold and expand their projects.
For more information about Revival Gold or inquiries regarding investment opportunities, individuals can contact:
Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com
Frequently Asked Questions
What is the Mercur Gold Project about?
The Mercur Gold Project focuses on gold mining and aims to increase production while ensuring sustainable practices and economic viability.
What financial indicators were highlighted in the PEA?
The PEA showcased an after-tax NPV of $295 million at a gold price of $2,175 per ounce, with potential growth to $752 million at $3,000 per ounce.
How long is the expected mine life?
The projected mine life of the Mercur Gold Project is ten years, during which significant gold production is anticipated.
Who prepared the Technical Report for the Mercur Project?
The Technical Report was prepared by Kappes, Cassiday & Associates and RESPEC Company LLC, ensuring a professional and credible assessment of the project.
How can I contact Revival Gold for further inquiries?
Interested parties can reach out to Hugh Agro or Lisa Ross at (416) 366-4100 or email info@revival-gold.com for more information.
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