Revival Gold Inc. announced that it has delivered a notice to exercise its option (the "Option") to acquire 100% of Barrick Mining Corporation's ("Barrick") interest in the Mercur Gold Project ("Mercur") in Utah, marking a significant step forward on the path to re-starting production. The Option was granted and exercised pursuant to the Mineral Lease and Option to Purchase Agreement dated May 13th, 2021, as amended ("Option Agreement") among certain wholly owned subsidiaries of the Company and certain affiliates of Barrick. The Option Agreement covers mineral interests amounting to 996 hectares, bringing the total Mercur project area to approximately 7,200 hectares.
Revival Gold is working closely with Barrick to transition site management and is committed to continuing the strong stewardship standards set by Barrick.
