Revival Gold Inc. provided an update on drilling and development activities at the Company's Mercur Gold 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. 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 coordinate with 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.
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. 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. 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 assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment 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, labour, 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 govern the company's approvals; material adverse changes, unexpected changes inlaws, 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.
