Revival Gold Delivers Compelling PEA Results and Attractive Potential Re-development Timeline for the Mercur Gold Project

About this update from Revival Gold Inc

[{"type":"text","content":"Revival Gold Delivers Compelling PEA Results and Attractive Potential Re-development Timeline for the Mercur Gold Project\n\n\n\n TORONTO, March 31, 2025 (GLOBE NEWSWIRE) --\n \n Reviva\n \n\n l\n \n\n Gold\n \n\n Inc.\n \n\n (TSXV:\n \n\n RVG,\n \n\n OTCQX:\n \n\n RVLGF)\n \n (“Revival Gold” or the “Company”) is pleased to announce compelling results from a Preliminary Economic Assessment (“PEA”) on the Company’s Mercur Gold Project (“Mercur” or the “Project”) in Utah, U.S.A. Furthermore, the Project’s favorable mineral tenure, straightforward design and existing infrastructure endowment are expected by Revival Gold and the Company’s consultants to support a relatively short permitting timeline of approximately two years, putting Mercur on the fast track for potential re-development.\n \n\n\n Mercur Heap Leach PEA Highlights\n \n\n\n 1\n \n\n\n\n\n Life-of-mine (“LOM”) production of\n \n 65.6 million tonnes (“MT”) of mineralized material at 0.60 grams per tonne\n \n (“g/T”) and\n \n 75% average recovery\n \n generating an average of\n \n 95,600 ounces of gold per year\n \n over a\n \n 10-year mine life\n \n ;\n \n\n\n After-tax NPV at a 5% discount rate (“NPV\n \n\n\n 5%\n \n\n\n ”) of $294 million\n \n and\n \n after-tax IRR of 27%\n \n at a gold price of $2,175 per ounce increasing to a\n \n $752 million NPV\n \n\n\n 5%\n \n\n\n and 57% IRR\n \n at a gold price of $3,000 per ounce;\n \n\n After-tax\n \n payback period of 3.6 years at $2,175 per ounce of gold\n \n decreasing to\n \n 1.7 years at $3,000 per ounce of gold\n \n ;\n \n\n\n Pre-production and working capital of $208 million\n \n and additional LOM sustaining capital of $110 million;\n \n\n LOM average\n \n cash cost of $1,205 per ounce of gold\n \n and\n \n all in sustaining cost of $1,363 per ounce of gold\n \n ;\n \n\n PEA mine plan developed from\n \n Indicated Mineral Resources of 35.3 MT grading 0.66 g/T gold containing 746,000 ounces of gold\n \n and\n \n Inferred Mineral Resources of\n \n\n 36.2 MT grading 0.54 g/T gold containing 626,000 ounces of gold\n \n\n\n 2\n \n\n ; and,\n \n\n Expected\n \n timeline to complete applicable ...

More updates from Revival Gold Inc