Revival Gold Inc. provided an update on activities and plans for 2026. Mercur 2026 work programs focused on: Completing planned column leach metallurgical testing program; 12,000 meters of drilling to upgrade, and potentially expand, resources; An additional 4,000 meters of drilling to support engineering and design; Completing baseline surveys and related studies to support permitting; and Substantially completing a Preliminary Feasibility Study ("PFS") with targeted release in first quarter 2027. Ongoing exploration drilling at the Beartrack-Arnett gold project in Idaho, U.S.A., ("Beartrack-Arnett") targeting high-grade underground potential with 3,000 meters of core drilling: Two core rigs are currently turning on the project with assay results pending "2026 should be a transformative year for Revival Gold as advance the Mercur gold project to production with 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. Revival Gold is ramping up the Company's 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 and includes 20 column leach metallurgical tests from the 2025 drill core.
The objective of the program is to test a spatially, geologically, and metallurgically representative array of samples to de-risk the project metallurgy. Results are expected in second quarter 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 for exploration purposes.
An additional 4,000 meters the RC, core, and auger drilling for geotechnical and hydrological data will be completed to support PFS engineering. PFS - In parallel to the environmental baseline and permitting preparation activities, Revival Gold will be advancing a PFS during 2026 with the goal of completing the study in first quarter of 2027. PFS engineering work includes: Updating the mineral resource estimate; Revising the mine plan; 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 and news release dated December 22, 2025.
