Revival GOLD Progresses Drilling and Development Activities at Mercur
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REVIVAL GOLD PROGRESSES DRILLING
AND DEVELOPMENT ACTIVITIES AT MERCUR
Toronto, ON – September 8th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold”
or the “Company”) is pleased to provide an update on drilling and development activities at the
Company’s Mercur Gold Project (“Mercur” or, the “Project”) located in Utah, U.S.A.
Drilling Highlights
• Two rigs operating at Mercur since July have completed approximately 3,200 meters of a
planned 13,000-meter drilling program at Mercur this year.
• Six PQ core holes have been drilled to collect material from the east walls of the Main
Mercur pits and Rover area for column leach testing. Twenty-two RC holes have been drilled
in the Marion Hill and Rover areas to infill historical drilling (Figure 1).
• Core and chip logging is ongoing with Revival Gold having implemented Datarock Pty Ltd’s
geoscience platform this season to process chip tray images and utilize machine learning to
help interpret the data. Optical televiewer images have been collected from two core holes
to support geotechnical studies on the project.
• 1,300 samples have been submitted to ALS Assay Lab from sixteen holes.
• RC drilling has predominantly been targeted to infill Inferred Mineral Resources in the
Rover area, with some holes planned to pursue potential extensions outside the existing
mineral resources.
• Core drilling will continue to focus on collecting representative metallurgical samples
throughout the Main Mercur area. Planned core drilling at South Mercur this year remains
subject to permitting approval by Utah’s Division of Oil, Gas and Mining.
Development Highlights
• Revival Gold has engaged Stantec Consulting Services Inc. and KTW Environmental
Consultants LLC to evaluate the existing environmental baseline information , identify
supplemental baseline data requirements and develop baseline work plans.
• Kappes, Cassiday & Associates has been engaged to oversee metallurgical sample
collection, design metallurgical composites in support of future metallurgical testing, and
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coordinate with our permitting team to develop a project description and footprint to
optimize project permitting timelines and project economics.
• Subterra LLC has been engaged to support drilling-related geotechnical data collection and
to develop Pre-Feasibility Study (“PFS”)-level open-pit geotechnical models.
• RESPEC Company LLC has been retained to refine and update 3D models for mineral
resource estimating purposes in support of a PFS.
“With two rigs operating and a third on its way, we’ve completed about a quarter of the planned
13,000-meter drilling program at Mercur this year”, said Hugh Agro, President & CEO. “Meanwhile,
key components of the Mercur development consulting team have coalesced under the leadership
of our VP, Engineering & Development, John Meyer, in preparation for the potential completion of
a PFS and the formal launch of mine permitting in 2026. Initial assay results from the drilling
program are expected later this fall”, added Agro.
Figure 1: Main Mercur Drilling Plan (completed drill holes numbered)
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The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as
summarized in the Company’s 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, (the “PEA”) for further details.
Qualified Persons
Technical information included in this news release was reviewed and approved by Mr. John Meyer,
P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace,
RM SME, a QP and Chief Geologist for the Company.
About Revival Gold Inc.
Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is
advancing development of the Mercur Gold Project in Utah and mine permitting preparations and
ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on
the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under
the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration
and development office located in Salmon, Idaho.
For further information, please contact:
Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO
Telephone: (416) 366-4100 or Email: [email protected]
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward -looking information" within the meaning of applicable Canadian
securities legislation and "forward -looking statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are
not comprised of historical facts. Forward -looking statements include estimates and statements that
describe the Company’s future plans, objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Forward-looking statements may be identified by
such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”.
Since forward-looking statements are based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties. Although these statements are based on
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information currently available to the Company, the Company provides no assurance that actual results will
meet management’s expectations. Risks, uncertainties, and other factors involved with forward -looking
statements could cause actual events, results, performance, prospects, and opportunities to differ materially
from those expressed or implied by such forward -looking statements. Forward-looking statements in this
news release include, but are not limited to: Statements with respect to the Company’s exp loration,
metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling
and development program at Mercur, and the expectation that the Company will proceed with the potential
completion of a PFS and formal launch of mine permitting on the Project.
Forward-looking statements and information involve significant known and unknown risks and uncertainties,
should not be read as guarantees of future performance or results and will not necessarily be accurate
indicators of whether or not such results will be achieved. A number of factors could cause actual results to
differ materially from the results expressed or implied by such forward -looking statements or information,
including, but not limited to: the Company's ability to finance the development of its mineral properties;
uncertainty as to whether there will ever be production at the Company's mineral exploration and
development properties; risks related to the Company's ability to commence production at the projects and
generate material revenues or obtain adequate financing for its planned exploration and development
activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and
development risks, including risks related t o infrastructure, accidents, equipme nt breakdowns, labour
disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated
difficulties with or interruptions in development, construction or production; the geology, grade and
continuity of the Company's mineral deposits; the uncertainties involving success of exploration,
development and mining activities; permitting timelines; government regulation of mining operations;
environmental risks; unanticipated reclamation expenses; prices for energy inputs, la bour, materials,
supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and
the estimation of reserves and resources; unexpected cost increases in estimated capital and operating
costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes
in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts
with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure
of exploration programs or studies to deliver anticipated results or results that would justify and support
continued exploration, studies, development or operations. For a more detailed discussion of such risks and
other factors that could cause actual results to differ materially from those expressed or implied by such
forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings
with Canadian securities regulators, including its most recent annual information form and management’s
discussion and analysis, available at www.sedarplus.ca. The forward -looking statements contained in this
press release are made as of the date of this press release. Except as required by law, the Company disclaims
any intention and assumes no obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Additionally, the Company undertakes no obligation
to comment on the expectations of, or statements made by, third parties in respect of the matters discussed
above.