Advancements in Drilling Efforts at Mercur Gold Project
Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) has shared exciting updates regarding the drilling program at its Mercur Gold Project. Located in Utah, this initiative is aimed at expanding the knowledge of the project's gold resources and potential.
Key Highlights of the Drilling Program
Ongoing Drilling Activities
As of now, Revival Gold has successfully completed 108 drill holes totaling 11,300 meters out of a planned 13,000 meters for the current drilling campaign. This work is crucial for enhancing the understanding of the underlying mineral resources at Mercur.
Promising Assay Results
The latest assay results, received from ten additional drill holes, exhibit multiple notable gold intersections:
- RM25-127: 1.3 g/t gold over 18.3 meters at 33.5 meters downhole.
- RM25-122: 0.62 g/t gold over 24.4 meters at 56.4 meters downhole.
- RM25-116: 0.64 g/t gold over 18.3 meters at 48.8 meters downhole.
- RMC25-133: 0.46 g/t gold over 56.4 meters at 53.3 meters downhole.
Three of these intercepts extend beyond current pit designs, suggesting there could be more mineralization waiting to be discovered in the Rover area.
Encouraging Future Prospects
Revival Gold management is optimistic about the ongoing drilling, particularly since it aligns with a planned pre-feasibility study (PFS) set for the following year. Hugh Agro, President and CEO of Revival Gold, expressed his enthusiasm: "This year's drilling supports the initial PEA and reflects consistently positive results within the inferred resource boundaries. We are thrilled about the findings thus far and are looking forward to further results as drilling continues."
Exploration Goals and Future Plans
The comprehensive drilling effort is geared towards confirming the gold occurrence, grade, and leachability essential for progressing towards restarting production at Mercur. The use of two rigs has allowed for accelerated drilling, with more assay results expected in the near future.
Detailed Review of Gold Grade and Recovery Potential
The drilling results indicate promising leachability, which reflects the potential for economical extraction methods. The observations on gold recoverability via heap leaching have consistently aligned with the mineral resource and metallurgical models established in the Preliminary Economic Assessment (PEA).
Quality Assurance and Control Measures
Revival Gold employs strict QA/QC protocols in their sampling processes, ensuring high standards of accuracy in the reporting of assay results. Certainty is vital in mineral extraction, and their methods include certified reference materials and regular audits of sample results.
About Revival Gold Inc.
Revival Gold is recognized as a leading developer of pure gold mining projects within the United States. The company focuses on progressing the Mercur Gold Project while also preparing for further exploration and development at their Beartrack-Arnett Gold Project in Idaho. Revival Gold retains a strong commitment to advancing towards production and delivering value to its stakeholders.
Headquartered in Toronto, Canada, with operations based in Salmon, Idaho, Revival Gold remains well-positioned to capitalize on the resurgence in gold market activity.
For further inquiries, please reach out to Scott Trebilcock, VP, Corporate Development & Investor Relations at (416) 366-4100 or via email at info@revival-gold.com.
Frequently Asked Questions
What is the current status of the drilling program at Mercur?
The drilling program is ongoing, with 108 holes completed out of a planned 13,000 meters. Upcoming assay results are eagerly anticipated.
What significant results were reported from the latest drilling?
Notable intersections include gold grades of 1.3 g/t over 18.3 meters from RM25-127, among others, indicating the potential for further mineralization.
How does the current drilling support future plans?
This drilling aligns with preparations for a pre-feasibility study, aiming to advance the project toward restarting gold production.
What quality control measures does Revival Gold implement?
Strict quality assurance practices involve the regular insertion of certified reference materials and thorough verification of sample results.
What can we expect from Revival Gold in the future?
As drilling continues, Revival Gold expects to provide more results and advancements in the ongoing exploration efforts, supporting their overall goal of gold production.
