Revival Gold marks progress with technical programs

Revival Gold marks progress with technical programs on the Company’s gold development projects located in the western United States. Highlights: Revival Gold contracted RESPEC Company to update the Mineral Resource Estimate in support of the planned Preliminary Economic Assessment on the Mercur Gold Project in Utah, USA. An updated drillhole database has been assembled and RESPEC has initiated its QA-QC review. Grade domain and metallurgical modeling are also underway. Hazen Research, Inc. completed comminution testing on two Mercur composite samples. All PEA-level metallurgical test work for Mercur is now complete. KCA is underway with preliminary engineering trade-off studies. Results indicate that project infrastructure will be optimally located in the Main Mercur area with a satellite heap leach facility at South Mercur for any material to be mined from that area. Revival Gold’s exploration team has wrapped up its summer field program at the Company’s Beartrack-Arnett Gold Project in Idaho, USA. Results from this year’s ground magnetics, mapping and surface sampling in the Ridge Target area have extended the target strike approximately half a kilometer to the north-east of drill hole AC23-109D. The structure runs parallel and exhibits the same gold-arsenic geochemical signature as observed in the main host shear zone at Beartrack-Arnett. With the completion of the summer exploration program at Beartrack-Arnett, work has been initiated on data compilation, field reconnaissance and selective geochemical sampling at Mercur. Efforts are focused on the stratigraphic section at Mercur to evaluate the potential for known mineralized beds and other previously underexplored units to host additional gold mineralization. Meanwhile, activities have commenced on a draft Plan of Operations for Beartrack-Arnett. Completion is expected by year-end. “With Mercur metallurgical testing now complete, the detailed work of assembling a robust geological database and model well underway, and engineering trade-off studies advancing, Revival Gold remains on track for the completion of the Mercur PEA, and the delivery of a significant potential value catalyst, by the end of Q1-2025”, said Hugh Agro, President & CEO. “Engineering activities over the coming months will be focused on optimizing the head grade and scale of the potential Mercur heap leach operation and investigating the potential to introduce a CIL mill flow sheet into development plans. We look forward to reporting on these activities as well as Revival Gold’s ongoing exploration and permitting initiatives at both Mercur and Beartrack-Arnett in the months ahead.”