Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) is excited to share updates regarding its activities and plans for the upcoming year, 2026.
"2026 should be a transformative year for Revival Gold as we advance the Mercur gold project to production with a targeted startup in 2029. Mercur benefits from being a prior successful Barrick operation with intact infrastructure, on private land, and in the supportive state of Utah. These characteristics help reduce risk and, together with recent progress by our technical team, give us confidence in our ability to move Mercur rapidly back into production," said Hugh Agro, President & CEO.
Mr. Agro elaborated, "Activity at Mercur is accelerating with engineering, baseline surveys, and robust metallurgy works underway. We believe the market has yet to recognize the Mercur opportunity in Revival Gold's valuation, and that this will change in 2026. We look forward to a rewarding year for the Company's stakeholders."
Revival Gold is ramping up its project team and work programs at Mercur to complete baseline studies and substantially advance the project in 2026.
Metallurgical Program
A robust metallurgical program has commenced under the direction of Kappes Cassiday & Associates, including 20 column leach metallurgical tests from the 2025 drill core. The objective is to test a spatially, geologically, and metallurgically representative array of samples to de-risk the project metallurgy. Results are expected in Q2 2026.
Drill Program
12,000 meters of RC and core drilling are planned to convert resources to higher confidence levels (measured and indicated) for PFS mine planning and exploration purposes. An additional 4,000 meters of RC, core, and auger drilling will be completed to support PFS engineering.
Environmental Baseline & Permitting
The Utah Department of Oil, Gas and Mining ("DOGM") is the lead mine permitting agency in Utah. DOGM requires that all environmental baseline studies be completed prior to starting the formal permitting process. The baseline studies include biological studies (wildlife, vegetation, soils, aquatic life), hydrogeology, cultural resources, air, geochemistry, and noise, among others. Stantec Consulting Services Inc. and Kautz Environmental Consultants Inc. have been awarded support contracts, with more scope to be tendered.
Preliminary Feasibility Study (PFS)
In parallel with the environmental baseline and permitting preparation activities, Revival Gold will be advancing a PFS during 2026, aiming for completion in Q1 2027. PFS engineering work includes a range of assessments to ensure project viability.
Revival Gold aims to advance the Mercur project, targeting a construction decision in 2028 after two years of permitting and technical work, with gold production anticipated for 2029.
Exploration Program
The 2026 Beartrack-Arnett exploration program will concentrate on the Joss target area, aiming to demonstrate mineralization continuity and opportunities for expansion along strike and depth. This program continues from the drilling launched in 2025, with 3,000 meters of core drilling planned at Beartrack-Arnett to expand the underground high-grade at Joss. Two rigs are currently in operation from contractors Major Drilling and National.
The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others, as summarized in the Preliminary Economic Assessment ("PEA"). For more details, refer to the PEA prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC, dated May 2nd, 2025, and the news release dated December 22, 2025.
Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., Vice President, Engineering and Development, and Mr. Dan Pace, RM SME, Chief Geologist of the Company.
Revival Gold stands as one of the largest pure gold mine developers in the United States, advancing the Mercur Gold Project in Utah and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. The Company is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under "RVLGF". Its headquarters is in Toronto, Canada, with an exploration and development office in Salmon, Idaho.
For more information, please contact:
Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100
Email: info@revival-gold.com
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