Revival Gold Intersects 1.4 g/T Oxide Gold Over 44.2 Meters in Shallow Drilling and Extends Mineralization at Mercur

Core Viewpoint - Revival Gold Inc. is reporting positive results from ongoing drilling at the Mercur Gold Project in Utah, indicating strong exploration potential and alignment with the project's Preliminary Economic Assessment (PEA) results [3][4]. Summary by Sections Company Overview - Revival Gold Inc. is a significant gold mine developer in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [17]. Drilling Results - The company has completed 100 drill holes totaling approximately 10,000 meters of a planned 13,000-meter drilling program [4][6]. - Recent assay results from eleven drill holes show significant gold intersections, including: - 1.4 g/T gold over 44.2 meters 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 [6][8]. - The average intercept depth starts at 45 meters, highlighting the shallow nature of the Mercur gold deposit [6]. Economic Assessment - The PEA estimates for Mercur are based on a gold price of $2,175 per ounce, while the current long-term consensus price is around $3,000 per ounce, suggesting significant upside potential for investors [3]. Resource Expansion Potential - Drilling results confirm the occurrence, grade, and leachability of gold, with a weighted average fire assay gold grade of 0.73 g/T and an AuCN/AuFA ratio of 83%, indicating good recoverability [8][6]. - The RM25-120 intercept shows potential for resource expansion down-dip from the 2025 PEA pit shell [6][4]. Future Plans - Drilling continues with three rigs at Mercur and one at Beartrack-Arnett in Idaho, with additional results pending [6].