Mike Fagan,
Editor
March 10, 2026
Revival Gold Inc. (TSX-V: RVG)(OTC: RVLGF) — currently trading around C$1 per share in a near-record gold market — reports strong results from its recently completed drill program at the Mercur Gold Project, Utah, highlighted by a standout intercept of 4.2 grams per tonne gold over 25 meters from just 43 meters downhole in the South Mercur area.
Included within that intercept was 9.8 grams per tonne gold (g/t Au) over 5.7 meters, highlighting the presence of robust high-grade zones within the broader Mercur system.
Revival Gold CEO Hugh Agro — whom you’ll hear from next in our exclusive interview — commented on the positive results from South Mercur via press release:
“Mercur was the first Carlin-style system mined in the US Great Basin and a substantial portion of the Project's historical gold production was sourced from high-grade ore. Today's near-surface drill results mark the first reported by Revival Gold for the South Mercur area. The high-grade intercepts encountered by the Company highlight the robust nature of gold zones that occur in the Mercur system and point to the exciting exploration opportunity we see ahead. Final results from the 2025 Mercur drilling program are expected later this month and the Company's 2026 Mercur drilling program is scheduled to start in April.”
Additional results from the Main Mercur area include 6.5 g/t Au over 7.1 meters from 35 meters downhole and 0.79 g/t Au over 32 meters, further reinforcing the scale and continuity of near-surface oxide gold mineralization.
Importantly, these results mark the first holes completed by RVG at South Mercur, opening a new area of exploration potential within the broader district-scale land package.
The high-grade nature of the intercepts also stands out relative to the existing resource profile with the highlight interval grading several multiples higher than the current resource average while remaining within the shallow open-pit heap-leach development concept outlined for the project.
RVG’s 2025 drill program at Mercur concluded in December with the completion of 115 reverse-circulation and core holes, with assays now reported for the majority of those holes.
Data generated from the program will support ongoing engineering and technical work ahead of a planned Pre-Feasibility Study targeted for release in Q1 2027 — a key milestone in the company’s strategy to restart gold production at the past-producing Utah operation.
RVG now controls a consolidated 7,200-hectare land package at Mercur, enabling systematic testing of new exploration targets while advancing redevelopment of the project’s shallow oxide resource.
The most recent drilling also highlights a key attribute of the Mercur system — near-surface mineralization with many intercepts encountered within the top 100 meters.
This shallow geometry supports the project’s potential for open-pit mining and heap-leach processing — an approach outlined in the project’s most recent Preliminary Economic Assessment (PEA).
The PEA envisions average annual production of approximately 96,000 ounces of gold over a 10-year mine life, positioning Mercur as a potential long-life gold operation in a mining-friendly US jurisdiction.
Beartrack-Arnett Gold Project, Idaho
In parallel, Revival is advancing its co-flagship, 100%-owned Beartrack-Arnett Gold Project in Idaho, which hosts approximately 4.6 million ounces of gold (Measured & Indicated plus Inferred) and continues to be expanded through ongoing multi-rig drilling and technical work.
Combined, Revival now controls more than 6 million ounces of gold resources across its two co-flagship projects in Utah and Idaho.
That sizable resource base provides meaningful gold price leverage as RVG advances both assets along a phased development pathway.
Looking ahead, several catalysts are taking shape with final assay results from the 2025 Mercur drill campaign expected shortly and a new 12,000-meter drilling program slated to commence next month to expand mineralization at South Mercur and across the broader project area.
At the same time, multi-rig drilling is underway at Beartrack-Arnett as both projects advance toward key development milestones.
With gold trading near record highs just below US$5,200 per ounce, RVG’s growing resource base — now totaling more than 6 million ounces across its two US flagship projects — provides a strong foundation for future growth.
Longer term, the company is evaluating a potential combined open-pit heap-leach production profile of roughly 150,000 oz Au per annum with additional upside as underground resources are incorporated and operational synergies between the Mercur and Beartrack-Arnett projects are further developed.
Hot on the story as always, our own Gerardo Del Real of Junior Resource Monthly caught up with Revival Gold CEO Hugh Agro to discuss the company’s latest high-grade drill results from South Mercur along with what comes next as the company advances drilling at both Mercur and Beartrack-Arnett. Please enjoy!
To learn more about Toronto-based Revival Gold Inc., please contact the company’s IR department at 416-366-4100 or via email at info@revival-gold.com.
Visit the Revival Gold corporate website and sign up to receive updates directly from the company here. View the most recent Corporate Presentation.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Revival Gold Inc.
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