Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) ("Revival Gold" or the "Company") is pleased to provide first results and an update on this year's drilling program at the Company's Mercur Gold Project ("Mercur" or, the "Project") located in Utah, U.S.A.
Highlights
Revival Gold has completed 7,400 meters in 74 holes of this year's planned 18,000-meter drilling program.
Results have been received for the first thirteen reverse circulation ("RC") drill holes (RM26-182, 183, 184, 186, 187, 188, 189, 190, 194, 195, 196, 197 and 204) located in the South Mercur and Main Mercur areas (see Figures 1 and 2) and include:
-
1.65 grams per tonne ("g/t") gold over 30.5 meters width1 at 128 meters downhole in RM26-204
-
0.92 g/t gold over 30.5 meters width1 at 145 meters downhole in RM26-183
-
Note: 1True width for all holes is estimated to be 65-100% of drilled width.
Results at South Mercur indicate that the zones of potentially leachable material extend below the planned open pit contemplated in the Mercur Preliminary Economic Assessment (see "Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA" prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025).
Drilling is ongoing with two RC rigs at Main Mercur focused on mineral resource conversion, expansion and engineering design. Two additional rigs are expected to arrive later this summer.
"Revival Gold is now more than a third of the way through this year's planned drilling program at Mercur. Results in the South Mercur area are revealing some of the Project's highest grades and point to potential expansion opportunities in heap leachable material beyond the PEA open pit," said Hugh Agro, President & CEO.
"Meanwhile, we continue to build on-site facilities, roadworks and staffing as our Mercur team ramps up to double the number of rigs drilling to four later this summer," added Agro.
Approximately 8,500 meters of infill RC drilling is planned for Mercur this year to convert Inferred Mineral Resources to the Measured & Indicated categories in support of a Preliminary Feasibility Study ("PFS") targeted for completion by the end of Q1-2027.
An additional 2,500 meters of RC drilling, 1,200 meters of core drilling and 600 meters of auger drilling are planned for Mercur to pursue resource expansion opportunities. Geotechnical, hydrological, and condemnation drilling are expected to make up an additional 5,200 meters of RC, core and auger drilling.