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Revival Gold Files NI 43-101 Preliminary Economic Assessment for the Mercur Gold Project
TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Reviva l Gold Inc. (TSXV: RVG, ...
About this update from Revival Gold Inc
[{"type":"text","content":"Revival Gold Files NI 43-101 Preliminary Economic Assessment for the Mercur Gold Project\n\n\n\n TORONTO, May 05, 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”) has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 –\n \n Standards of Disclosure for Mineral Projects\n \n (“NI 43-101”) on the Mercur Project (“Mercur” or the “Project”), titled “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” (the “Technical Report”). The Technical Report supports disclosure made by the Company in its news release dated March 31\n \n st\n \n , 2025, titled “Revival Gold Delivers Compelling PEA Results and Attractive Potential Re-Development Timeline for the Mercur Gold Project”. There are no material differences in the Technical Report from those results disclosed in the March 31\n \n st\n \n , 2025, news release.\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 $295 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...