CA Market News
6日前
Revival Gold Announces Sale of Non-Core Diamond Mountain Phosphate PropertyJune 1, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 1, 2026) - Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) ("Revival Gold" or the "Company") is pleased to announce that pursuant to a property purchase agreement dated May 29, 2026 (the "Agreement") between Revival Gold, Canadian Phosphate Ltd. ("Canadian Phosphate") and Utah Minerals Resources LLC ("UMR"), Revival Gold will vend its 51% interest in its non-core Diamond Mountain phosphate project ("Diamond Mountain") to Canadian Phosphate. UMR will vend the other 49% interest in Diamond Mountain to Canadian Phosphate."Revival Gold is focused on advancing our pipeline of U.S. gold projects", said Hugh Agro, President & CEO. "The sale of Diamond Mountain will generate immediate cash proceeds from a non-core asset while providing Revival Gold with ongoing exposure to Diamond Mountain's critical mineral exploration and development upside", added Agro.Diamond Mountain is a phosphate exploration project located in Uintah County, Utah.Canadian Phosphate, listed on the Australian Stock Exchange (the "ASX"), is an experienced exploration and development company with phosphate assets in British Columbia, Canada. Canadian Phosphate aims to become a leading supplier of phosphate rock for manufacturing fertilizer and Lithium Iron Phosphate (LFP) batteries in North America.As consideration for the sale of its 51% interest in Diamond Mountain, Revival Gold will receive the following consideration: On the closing date of the Agreement, Revival Gold will receive a cash payment of US$127,500 and will be issued 3,081,286 shares of Canadian Phosphate (the "CP8 Shares") which is equal to US$382,500 based on a deemed price per CP8 Share of AUD$0.1743.On or prior to the first anniversary of the date of the Agreement, Revival Gold will receive a cash payment of US$255,000 and will have the option, in its sole discretion and exercisable at any time, to have such payments satisfied by the issuance of CP8 Shares.On or prior to the first anniversary after the commencement of commercial production, Revival Gold will receive a cash payment of US$765,000. Canadian Phosphate will have the option to satisfy the foregoing payment in CP8 Shares.The sale of Diamond Mountain is subject to customary closing conditions and receipt of all necessary regulatory approvals, including Canadian Phosphate obtaining ASX approval and the approval its shareholders, if required by the ASX. Closing is expected prior to or during Q3 2026. Qualified PersonsTechnical 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.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 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 U.S. 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: info@revival-gold.comCautionary StatementNeither 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 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: closing of the Agreement and the timing thereof and the receipt of all necessary approvals to the Agreement. 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 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 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299539 Original: Revival Gold Announces Sale of Non-Core Diamond Mountain Phosphate Property
CA Market News
2週前
Revival Gold Announces Adoption of Shareholder Rights Plan and Corporate UpdateMay 21, 2026 5:00 PM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / May 21, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") announced today that its board of directors (the "Board") has unanimously approved the adoption of a "new generation" shareholder rights plan (the "Rights Plan") pursuant to a shareholder rights plan agreement entered into with Computershare Investor Services Inc., as rights agent, dated May 21, 2026 (the "Effective Date").In alignment with good governance practices, the Rights Plan is being adopted to help ensure that all shareholders of the Company are treated fairly and equally in the event of any unsolicited take-over bid or other acquisition of control of the Company (including by way of a "creeping take-over bid"), allowing the Board time and opportunity to identify, solicit and develop potential alternatives to any unsolicited take-over bids or similar transactions. The Rights Plan also may prevent a potential acquirer from entering into lock-up agreements with existing shareholders prior to launching a take-over bid, except for permitted lock-up agreements as specified in the Rights Plan. The Rights Plan is not being adopted in response to any formal proposal or intention to acquire control of the Company, nor is the Board aware of any pending or threatened take-over bid for the Company. As a result, the Board of Directors has determined that it is advisable and in the best interests of the Company and its shareholders that the Company has in place a shareholder rights plan in the form of the Rights Plan.The Rights PlanPursuant to the Rights Plan, 12:01 a.m. on the Effective Date (the "Record Time") one right (a "Right") was attached to each common share of the Company outstanding as of the Effective Date under the Rights Plan. A right will also be attached to each common share issued after the Record Time in accordance with the terms of the Rights Plan. The issuance of Rights will not change the manner in which shareholders may trade their common shares and the rights will automatically attach to the common shares with no further action by shareholders being required.Subject to the terms of the Rights Plan, the Rights become exercisable if a person (an "Acquiring Person"), together with certain related persons (including persons acting "jointly or in concert", as defined in the Rights Plan), becomes the beneficial owner of 20% or more of the outstanding common shares (the "Stipulated Percentage") after the Record Time, without complying with the "Permitted Bid" provisions of the Rights Plan. Following a transaction that results in a person becoming an Acquiring Person, the Rights entitle the holder thereof (other than the Acquiring Person and certain related persons), to purchase common shares at a significant discount to the market price at that time.Under the Rights Plan, a "Permitted Bid" is a take-over bid made in compliance with the Canadian take-over bid regime. Specifically, a Permitted Bid is a take-over bid that is made to all shareholders, that is open for 105 days (or such shorter period as is permitted under the Canadian take-over bid regime) and that contains certain conditions, including that no common shares will be taken up and paid for unless more than 50% of the common shares that are held by independent shareholders are tendered to the take-over bid.The Rights Plan is similar to shareholder rights plans adopted by other Canadian public companies and ratified by their shareholders. While the Rights Plan is effective as of the Effective Date, it is subject to shareholder ratification within six months of adoption, failing which it will terminate. The Company will be seeking shareholder ratification of the Rights Plan on a to-be-determined date. Adoption of the Rights Plan is also subject to the acceptance of the TSX Venture Exchange.The description of the Rights Plan in this press release is qualified in its entirety by the full text of the Rights Plan, which will be available under the Company's profile on SEDAR+ at www.sedarplus.ca.Corporate UpdateRevival Gold further announces the departure of Scott Trebilcock, VP, Corporate Development and Investor Relations. Scott joined Revival Gold in October 2025 working remotely from Vancouver, B.C. to assist with the close of the Mercur Barrick transaction and the launch of several marketing initiatives to help increase awareness and interest in the Company. We thank Scott for his efforts on behalf of the Company and wish him well with his future endeavours.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 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: info@revival-gold.comCautionary StatementNeither 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 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 the issuance of Rights at the Record Time pursuant to the Rights Plan; and, the operation of the Rights Plan and its intended benefits.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: receipt of TSX Venture Exchange approval for the Rights Plan; operation of the Rights Plan as intended in an effective manner with the expected outcome and impact. For a more detailed discussion of risks and other factors in general in respect of the Company mineral exploration and development business 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Announces Adoption of Shareholder Rights Plan and Corporate Update
CA Market News
3週前
Revival Gold Advances Mercur Project With A View To Be Utah's Next New Operating Gold MineMay 14, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / May 14, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide an update on development at the Company's Mercur Gold Project ("Mercur" or the "Project") in Utah.HighlightsThe Mercur site team, under the leadership of General Manager Tim Barnett, is scaling up with eight staff members now driving this year's exploration, resource delineation, geotechnical, and hydrogeological drilling activities.This year's metallurgical program comprised of twenty column leach tests to support the Preliminary Feasibility Study ("PFS") is in progress with Kappes Cassiday & Associates ("KCA") in Reno, Nevada, with initial results expected in mid-2026.Environmental baseline data collection, a key input to the permitting process, is on-going under the direction of Revival Gold's lead environmental consultant, Stantec. Focus areas include wildlife, vegetation, soils, aquatic life, hydrogeology, cultural resources, air, and geochemistry.Mineral resource modeling and engineering design studies are underway with the Company's key technical consultants including RESPEC, WSP, and KCA.A legacy water well, previously used for Mercur milling operations, was surveyed and sampled. The pump was replaced and a step draw-down pumping test to expected mine operating requirements was successfully performed.This year's previously announced 16,000-meter drilling program in support of the PFS is now approximately 15% complete with two reverse circulation rigs drilling.The Mercur site office is being upgraded to support the Company's growing team.Overall, the Mercur heap leach PFS remains on track for end of Q1 2027 release with completion of mine permitting expected by year-end 2027."Revival Gold's Board of Directors visited Mercur last month to meet the site team and witness firsthand the exciting progress that has already been made this year. Momentum continues to build with the recent hiring of additional key site staff and funding is in place to advance Mercur to a construction decision", said Hugh Agro, President & CEO. "2026 and 2027 will be packed with activity at Mercur as we work to deliver the next new potential operating gold mine in Utah, the Beehive State", added Agro.Further to the Company's April 28, 2026, press release in which the Company announced, among other things, it had engaged Equity Catalyst Partners, LLC ("ECP") to provide the Company certain investor relations and marketing services, the Company wishes to clarify the payment schedule of the engagement. The Company will pay ECP US$7,500 per month for the term of ECP's six-month engagement. This corrects the prior disclosure which provided that the Company would receive US$45,000 upfront fee for ECP's services.Qualified PersonsTechnical 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.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 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 U.S. exploration and development office located in Salmon, Idaho.For further information, please contact:Hugh Agro, President & CEO
Scott Trebilcock, VP Corporate Development & IR
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 view for Mercur to become Utah's next operating gold mine, the Company's planned exploration and development programs at Mercur, the refurbishment of Mercur, the timing of the Mercur PFS, the timing of completion of mine permitting at Mercur, and that funding is in place to advance Mercur to a construction decision.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; re-allocation of funds available to the Company, 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 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 and risks that certain necessary permits will not be received on a timely basis or at all; 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Advances Mercur Project With A View To Be Utah's Next New Operating Gold Mine
CA Market News
1月前
Revival Gold Announces Closing of $33 Million Brokered Private PlacementMay 6, 2026 9:12 AM
ACCESS NewswireNOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION ON ANY U.S. NEWSWIRE SERVICES.TORONTO, ON / ACCESS Newswire / May 6, 2026 / Revival Gold Inc. (TSXV:RVG) ("Revival Gold" or the "Company") is pleased to announce that it has closed its previously announced brokered private placement for total gross proceeds of $33,001,250 (the "Offering"). The Offering consisted of the issuance of an aggregate of 38,825,000 common shares of the Company (each, a "Common Share") at a price of C$0.85 per Common Share, such aggregate amount being inclusive of the exercise in full of the option granted to the Agents. The Offering was led by Paradigm Capital Inc. as lead agent and sole bookrunner, on behalf of a syndicate of agents which included BMO Capital Markets Inc., Beacon Securities Limited, Velocity Trade Capital Inc., and Canaccord Genuity Corp. (collectively, the "Agents")."There was strong demand from current and new shareholders, including strategic shareholder EMR Capital Management, demonstrating the unique value proposition of Revival Gold. Revival Gold is now funded to advance the Mercur gold project to a potential construction decision in less than two years. Drills are turning and work is ongoing to complete the Mercur Preliminary Feasibility Study as planned for release in Q1 2027", said Hugh Agro, President & CEO.Mr. Agro continued, "The financing will also fuel drilling at Revival Gold's Beartrack-Arnett gold project in Idaho, where two rigs continue to turn targeting expansion of the high-grade Joss area. Our team is growing and we are excited to strive to deliver on our vision of reviving domestic U.S. gold producers."The Company intends to use the net proceeds from the Offering to advance Revival Gold's ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes.12,700,600 Common Shares issued under the Offering were sold to purchasers resident in certain Provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (together, the "Listed Issuer Financing Exemption"). The remaining 26,124,400 Common Shares issued under the Offering were sold to purchasers outside of Canada pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada ("OSC Rule 72-503"). The Common Shares are immediately tradeable under applicable Canadian securities legislation.There is an offering document (the "Offering Document") related to the portion of the Offering conducted under the Listed Issuer Financing Exemption that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: www.revival-gold.com. As consideration for their services, at the closing of the Offering, the Agents received a cash commission of $1,980,075.EMR Capital Management Limited ("EMR"), an insider of the Company, acquired 9,412,000 Common Shares under the Offering (the "Acquisition"), thereby increasing its ownership of the Common Shares from 11.7% to 13.2% of the Common Shares. The Acquisition constitutes a "related party transaction" as defined under the policies of the TSXV Venture Exchange and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value of the Acquisition does not exceed 25 percent of the Company's market capitalization. The Company did not file a material change report related to the Acquisition more than 21 days before the expected closing of the Acquisition as required by MI 61-101, as the particulars of the Offering and EMR's participation therein were not certain at that time. The Offering was approved by the members of the board of directors of the Company who are independent for purposes of the related party transaction.The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation 6 under the U.S. Securities' Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.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 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". The Company is headquartered in Toronto, Canada, with its U.S. exploration and development office located in Salmon, Idaho.For further information, please contact:Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 Offering, that the transaction funds Revival Gold to advance the Mercur gold project to a potential construction decision and the timing thereof, the potential completion of the PFS and the timing thereof, that the Company will strive to deliver on its vision of reviving domestic U.S. gold producers, the intended use of proceeds of the Offering, and that the Common Shares issued under Offering are not expected to be subject to any hold period under Canadian securities laws.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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Announces Closing of $33 Million Brokered Private Placement
CA Market News
1月前
Revival Gold Kicks off 16,000-Meter Drill Program at Mercur Gold Project in UtahApril 28, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / April 28, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to announce the mobilization of rigs for the 2026 drilling program at the Company's Mercur Gold Project ("Mercur" or the "Project") in Utah.Highlights2026 Mercur drill program is planned for 16,000 meters of reverse circulation ("RC"), core and auger drillingBuilding on successful 2025 drilling, the 2026 Mercur drilling campaign is targeting:Completion of infill drilling to support a pre-feasibility study ("PFS") for release in Q1 2027;Follow-up on resource extension targets at Main Mercur and high-grade intercepts at South Mercur;Geotechnical, hydrogeological and condemnation drilling in support of PFS engineering; and,Auger drilling to test Mercur's historical heap leach pads for potential future inclusion in Revival Gold's mine plans.Two RC rigs have mobilized to site with the first hole collared and advancing."Revival Gold drilled 115 holes for a total of almost 12,000 meters at Mercur in 2025. During the 2025 program the Company intercepted mineralization in multiple locations outside the current resource area", said Hugh Agro, President & CEO.Mr. Agro continued, "Revival Gold shares responded favourably to results from the Company's 2025 program enabling our recently announced C$30 million financing. With this shareholder support we embark on a 16,000-meter 2026 drilling program of infill and exploration drilling and to complete engineering data collection in support of a PFS planned for release in Q1 2027".Marketing Services AgreementsThe Company would also like to announce that it has engaged the services of High Tide Consulting Corp. ("High Tide") to to provide corporate communications, investor relations and strategic marketing services. High Tide is expected to heighten capital market awareness and understanding of the Company and to assist with managing investor communications and expectations, through various outreach and marketing programs. The Company and High Tide have entered into an independent contractor's agreement dated April 24, 2026 (the "Contractor's Agreement") where High Tide will receive a cash fee of C$5,000 plus applicable taxes per month. The Contractor's Agreement is for an initial term of three months, is renewable by the Company and may be terminated by either party on at least 30 days written notice. High Tide is a company based in British Columbia, Canada, and offers a full suite of investor relations and communications services for public and private companies. High Tide is an arm's length party to the Company.In addition, the Company has engaged Equity Catalyst Partners, LLC ("ECP"), an arm's-length service provider, to provide the Company certain investor relations and marketing services, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Based in Washington, DC, USA, ECP specializes in media and investor relations services, within the natural resource sector. Under a consulting agreement dated April 24, 2026 (the "Consulting Agreement"), ECP will provide media relations, investor communication and market awareness services to the Company for a six-month term for a one-time fee of US$45,000, payable at the commencement of services. The Company will not issue any securities to ECP as compensation for its services.As of the date hereof, to the Company's knowledge, neither High Tide nor ECP (including their respective directors and officers) own any securities of the Company. The Contractor's Agreement and Consulting Agreement are subject to TSX Venture Exchange approval.Qualified PersonsTechnical 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 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 U.S. exploration and development office located in Salmon, Idaho.For further information, please contact Scott Trebilcock, VP, Corporate Development & Investor Relations, Telephone: (416) 366-4100 or Email: info@revival-gold.com.Cautionary StatementNeither 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 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: the plan to drill 16,000 meters at Mercur, statements with respect to the Company's exploration potential, exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program at Mercur, the prospectivity of any areas of Mercur and the expectation that the Company will commence a new drill program, the announced financing and plans to complete a pre-feasibility at Mercur.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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Kicks off 16,000-Meter Drill Program at Mercur Gold Project in Utah
CA Market News
2月前
Revival Gold Announces C$30 Million Capital RaiseApril 21, 2026 5:55 PM
ACCESS NewswireNOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION ON ANY U.S. NEWSWIRE SERVICES.TORONTO, ON / ACCESS Newswire / April 21, 2026 / Revival Gold Inc. (TSXV:RVG) ("Revival Gold" or the "Company") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the "Lead Agent" or "Paradigm") pursuant to which Paradigm will act as lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the "Agents") in connection with a "best efforts" private placement (the "Marketed Offering") for the sale of up to 35,295,000 common shares of the Company (each, a "Common Share") at a price of C$0.85 per Common Share (the "Offering Price") for gross proceeds of up to C$30,000,750.The Company has granted the Agents an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 3,530,000 Common Shares at the Offering Price for additional gross proceeds of up to C$3,000,500 (the "Agents' Option"). The Marketed Offering and the securities issuable upon exercise of the Agents' Option shall be collectively referred to as the "Offering".The net proceeds from Offering will be used to advance Revival Gold's ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes, as further detailed in the Offering Document (as defined herein).Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") the Common Shares will be offered for sale to purchasers resident in the provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares are expected to be immediately freely tradeable under applicable Canadian securities legislation. The Common Shares sold under the Offering may also be issued to purchasers outside of Canada, including the United States and certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada ("OSC Rule 72-503").There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: www.revival-gold.com. Prospective investors should read this Offering Document before making an investment decision.The Offering is scheduled to close on May 6, 2026 or such other date as the Company and the Agents may agree (the "Closing Date"). Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV"). The Agents shall receive a cash commission equal to 6.0% of the gross proceeds of the Offering.The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.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 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". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.For further information, please contact:Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 Offering, including the size thereof, the expected timing to complete the Offering, the ability to complete the Offering on the terms provided herein or at all, the receipt of all necessary approvals, the intended use of proceeds of the Offering, and that the Common Shares issued under the Listed Issuer Financing Exemption are not expected to be subject to any hold period under Canadian securities laws.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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Announces C$30 Million Capital Raise
CA Market News
2月前
Revival Gold Expands Drilling Program After Intersecting 6.4 G/T Gold Over 19 Meters At Beartrack-ArnettApril 20, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / April 20, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide initial drill results from the Joss area at the Company's Beartrack-Arnett Project ("Beartrack-Arnett" or the "Project") located in Idaho.HighlightsHole BT26-252D intercepted high-grades in a 100-meter step-out to the south with:5.4 g/T gold over 32.6 meters drilled width at 568 meters downhole; including6.4 g/T gold over 19.1 meters drilled width at 573 meters downhole; and,8.0 g/T gold over 4.3 meters drilled width at 596 meters downhole.Two other completed holes, BT26-251DA and BT26-253D, are also confirmed to have intercepted the target shear zone. Assay results are pending.Drilling targeted the expansion of the high-grade underground Mineral Resources in the Joss area, last drilled in 2022.On these results, Revival Gold has extended the drilling program to 4,900 meters of planned core drilling with two rigs turning. Additional extensions are being considered."The underground target at Beartrack-Arnett is shaping up to be one of the most promising gold exploration opportunities in the United States. Already a Top 10 new discovery this decade1, step-out holes in the current drilling program at Joss have extended the mineralized zone and highlight the impressive scale of this deposit over 1.2 km of known strike and 700 meters of vertical elevation to-date", said Hugh Agro, President & CEO.Mr. Agro continued, "The near vertical dip, together with true widths of 12-16 meters in the mineralized zone in BT26-252D, present the possibility for lower cost underground mining techniques. Adding an underground study to the Beartrack-Arnett open pit heap leach restart project would create a third phase of development for Revival Gold and move the company closer to our target of 300,000 gold ounces per year of gold production from our current assets".Source: 1S&P Capital IQ Pro. Discovery is defined as an increase of Resources & Reserves (gold only), starting from no resource in 2010 to today. Developed by Fuse Advisors Inc.About Joss Target AreaThe Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit running north-south on the Panther Creek Shear Zone ("PCSZ"). In the Joss area, the project hosts an underground Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 grams gold per tonne for 877,000 ounces of gold that is not included in the 2023 first phase open pit, heap leach PFS economics (see "Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA" prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP dated August 2nd, 2023, for further details).Detailed ResultsBT26-252D was the first hole to reach the PCSZ in this year's drill program. BT26-252D shows the robust continuity of the system having intercepted mineralization 100 meters south of previously released BT22-241D. The hole was only sampled and assayed within the 46.8-meter zone on the strongest alteration spanning the shear zone. Additional zones of alteration and veining exist above the intercept, which have not been assayed and are not included in this release.Table 1: Detailed Partial Drill ResultsHole NumberNoteAzimuth (deg.)Dip (deg.)From (m)To (m)Drilled Width (m)Fire Assay Gold Grade (g/T)BT26-252D 305-60572.9591.919.16.37 and 595.9600.24.37.98 within 567.6600.232.65.42Note: The true thickness of the intercepts is estimated at 40-50% of the drilled width. BT26-252D was only sampled and assayed within the 46.8 meter zone on strongest alteration spanning the shear zone. Additional zones of alteration and veining exist above the intercept, which have not been fully evaluated.Two additional completed holes, BT26-251DA and BT26-253D, have also intercepted the PCSZ with assays pending. BT26-251DA intercepted the shear zone approximately 85 meters below historic BT22-241D. BT26-253D intercepted the shear zone approximately 80 meters south of BT25-252D, the hole released today. Intercepting the shear zone does not necessarily indicate the presence or abundance of gold mineralization within the structure.Figure 1 provides a plan view of the Joss target area and geology. Drilling is ongoing, with two additional holes in progress. Approximate target shear zone pierce points are shown in Figure 2.Figure 1: Beartrack-Arnett Drill Plan Map Figure 2: Long Section - South Pit to Joss Area (Looking West) QA/QC ProgramQuality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Twin Falls, Idaho. Gold analyses are performed at the ALS Geochemistry laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.Gold assays are determined on half sawn PQ and HQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23).Qualified PersonsTechnical 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 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 U.S. exploration and development office located in Salmon, Idaho.For further information, please contact:Scott Trebilcock, VP, Corporate Development & Investor RelationsTelephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 exploration program size or potential additions, potential expansion of the high-grade underground Mineral Resources in the Joss area, the promising gold exploration opportunity at Beartrack-Arnett, true widths of the mineralized zone, possibility for lower cost underground mining, potential to add an underground study, the target of 300,000 gold ounces per year from current assets, permitting and development activities, the goals and expected outcomes of the planned drilling at Beartrack-Arnett, the prospectivity of any areas at Beartrack-Arnett and the expectation that the Company will continue a drill program, and proceed with the development at Mercur.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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Expands Drilling Program After Intersecting 6.4 G/T Gold Over 19 Meters At Beartrack-Arnett
CA Market News
2月前
Revival Gold Drills 2.8 g/t gold over 74 meters Including 8.0 g/t over 12 meters at the Mercur Gold Project in UtahApril 7, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / April 7, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide final results from the 2025 drilling program at the Company's Mercur Gold Project ("Mercur" or the "Project") located in Utah.HighlightsHighlight intercepts at South Mercur include:2.8 g/T gold over 74 meters width at 91 meters downhole in RMC25-031; including8.0 g/T gold over 12 meters width at 130 meters downhole;1.1 g/T gold over 84 meters width at 14 meters downhole in RMC25-032; and1.0 g/T gold over 82 meters width at 13 meters downhole in RMC25-033.High grade intercept in RMC25-031 is one of three known ore shoots at South Mercur that are prospective for future exploration at depth.Encountered mineralized waste rock from historical in pit backfill not in the current resources:0.5 g/T gold over 38 meters width starting at surface in RM25-171; and0.4 g/T gold over 17 meters width starting at surface in RM25-172.Revival Gold continues to encounter high grades at South Mercur which further highlights the exploration potential of Mercur."Carlin style gold systems, like Revival Gold's Mercur, are known to generate high-grade ore shoots that have driven huge amounts of value for the major gold producers in Nevada. As demonstrated with today's 8 g/T gold over 12 meters intercept, Revival Gold is seeing intact high grades zones at South Mercur. The shoots not only benefit our current heap leach project but provide an exciting exploration opportunity on Mercur's large 7,200-hectare property", said Hugh Agro, President & CEO.Mr. Agro continued, "These are the final results from 2025. The Company plans to resume drilling at Mercur later this month and the drills continue to turn at Beartrack-Arnett in Idaho targeting high-grade underground material at Joss. 2026 should be a big year for Revival Gold".Mercur Drilling DetailsThe 2025 drilling program at Mercur finished in December with 115 RC and core holes completed. With the final 11 drill holes herein, all results have now been released. Figure 1 describes the drill hole locations and intercepts. Table 1 presents the full results.Carlin-style gold deposits are known for hosting high-grade shoots where ore-controlling structures intersect favorable stratigraphic horizons. Historical underground mining at Mercur exploited such shoots in the late 1800's and early 1900's. Although most of Revival Gold's 2025 drilling program targeted low grade disseminated mineralization around historical pits, the Company's results from South Mercur underscore the strength of the Mercur gold system and the potential to discover additional high-grade shoots on the project.The 2025 core holes were primarily drilled for metallurgical sampling, but some were extended below the 2025 PEA design pits to test the interpreted structural controls of the system. The 8.04 g/T intercept in RMC25-031 is located just below the design pit and confirms the location of one of these key structures which is an example of the high-grade exploration potential at depth that exists within the 7,200-hectare Mercur project.Data collected from drilling in 2025 and 2026 will support the Company's planned Pre-Feasibility Study targeted for release in Q1 2027, a major milestone on the path to restarting gold production at Mercur. Revival Gold is currently mobilizing to re-start exploration and engineering drilling at Mercur later this month with a planned program totalling 16,000 meters.Figure 1: Mercur Drill Plan Map April 7th, 2026 Table 1: Detailed Drill Results April 7th, 2026Hole NumberAreaNoteAzi-muth (deg.)Dip (deg.)From (m)To (m)Drilled Width (m)1Fire Assay Gold Grade (g/t)2AuCN/AuFA Ratio (%)3RM25-1324Rover 1406019.824.44.60.8896 45.767.121.30.4072 74.797.522.90.3789 102.1106.74.60.2588 115.8121.96.10.3384RM25-146Rover 100657.610.73.00.4978 13.718.34.60.2241 22.961.038.10.5482RM25-153Marion Hill 145604.638.133.50.4595RM25-1615Marion Hill 1755562.579.216.80.4372RM25-171Mercur HillDump200650.038.138.10.4946 59.467.17.60.4978 91.494.53.00.637RM25-172Mercur HillDump140650.016.816.80.3955 102.1125.022.91.8091 Including 117.3121.94.66.0592RM25-1785Rover 290559.119.810.70.5666RM25-179Mercur HillDump290850.032.032.00.7711 56.491.435.11.1378 Including 80.883.83.03.2498 109.7117.37.61.3695RMC25-031South Mercur 1358090.9165.274.32.7537 Including 130.0142.512.58.0452RMC25-0324South Mercur 1456513.697.583.91.0988 Including 13.647.734.11.9988RMC25-033South Mercur 756513.095.682.50.9690 Including 19.048.929.91.75921 True width for all holes is estimated to be 60-85% of drilled width. Estimated true widths are based on the average orientation of the grade domains utilized in the 2025 PEA. RMC25-031, RMC25-032, and RMC25-033 were drilled within interpreted structural feeder zones for mineralization and may have limited lateral extent along stratigraphy Numbers may not add up due to rounding.2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.4 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.5 A standard in this hole fell outside of 3 standard deviations for Au-AA13 cyanide soluble assays. The AuFA/AuCN Ratio is preliminary and may change upon receipt of cyanide soluble re-assays.QA/QC ProgramQuality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada and Twin Falls, Idaho. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.Gold assays are determined on reverse circulation drill cuttings and quarter-sawn PQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23). One quarter of the PQ core samples were submitted for assay, one quarter is kept for sample archive, and one half is preserved for future metallurgical column tests. For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME-MS 41 method.Qualified PersonsTechnical 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 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:Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 exploration potential, exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program at Mercur, the prospectivity of any areas of Mercurand the expectation that the Company will commence a new drill program, and proceed with the potential completion of a pre-feasibility study and proceed to production at Mercur.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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Drills 2.8 g/t gold over 74 meters Including 8.0 g/t over 12 meters at the Mercur Gold Project in Utah
CA Market News
2月前
Revival Gold Consolidates Mercur Gold Project Paving The Way For RedevelopmentApril 2, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / April 2, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company"), is pleased to announce that it has closed the previously announced acquisition of Mercur Mines LLC, formerly known as Barrick Resources (USA) Inc. ("Barrick"), the owner of certain mineral and surface interests in the Mercur Gold Project ("Mercur") in Utah (the "Acquisition").The Acquisition covers approximately 996 hectares, bringing the total Mercur project area to approximately 7,200 hectares. Revival Gold and its affiliates had previously consolidated ground held by a successor to Homestake Mining Company and various other owners. For further information on the Acquisition see Revival Gold's news release dated December 22nd, 2025."Revival Gold is now in the enviable position of controlling a large past-producing Carlin-style gold system - a great exploration opportunity and a rarity outside the Nevada gold majors", said Hugh Agro, President & CEO. "With economics benefiting from roads, power to site and the extensive technical information acquired over the years by Barrick, Mercur has the potential to be a transformational asset for Revival Gold's shareholders."Mr. Agro continued, "Revival Gold's discussions with State, County and Municipal officials have been constructive, and we are humbled by the welcome in Utah. Barrick operated to high standards of environmental and community stewardship at Mercur and Revival Gold is committed to upholding those same high standards as we take Mercur into the future."Revival Gold released a robust, low capital intensity Preliminary Economic Assessment ("PEA") for Mercur in March 20251. The Company followed up the PEA with a 115-hole drilling program in 2025. Assay results for the remaining eight holes from this program are expected shortly. Sixteen kilometers of additional drilling, metallurgical test work, and the collection of all required baseline data are planned for this year with a Pre-Feasibility Study ("PFS") expected to be released in Q1 2027.Revival Gold anticipates a two-year timeline to re-permit Mercur with potential mine construction forecast to begin in 2028 and first gold production expected in 2029. Based on the PEA, the project is projected to be Utah's largest gold producer2 and, at current gold prices, contribute over US$4 billion to the Utah state economy, creating an estimated 400 direct jobs during construction and 300 direct jobs over 10 years of operation.1Notes: 1See the technical report entitled "NI 43-101 Technical Report - Preliminary Economic Assessment for the Mercur Gold Project, Camp Floyd and Ophir Mining District, Tooele and Utah Counties, Utah, USA," prepared by Kappes, Cassiday & Associates, and RESPEC Company LLC, with an effective date of March 25, 2025. 2Utah Mining 2023, Utah Geological Survey.The Acquisition was made pursuant to a membership interest purchase agreement (the "MIPA") with Barrick Gold Exploration Inc. ("Barrick Gold"), a wholly owned subsidiary of Barrick Mining Corporation, pursuant to which Revival Gold and its affiliates acquired Barrick Resources (USA) Inc., that holds the mineral and surface interests in Mercur. On closing of the Acquisition, Revival Gold paid Barrick Gold US$5 million and must pay Barrick Gold an additional US$5 million in cash on each of the first, second and third anniversaries of commercial production.In addition, Revival Gold granted Barrick Gold a 2% net smelter return royalty over the acquired mineral interests (the "Mining Claims") and a 1% net smelter return royalty on all mineral properties of which Revival Gold has an interest within 1 kilometre of the Mining Claims ("Barrick Area of Interest"). In connection with the Acquisition, Revival Gold assumed environmental surety bonding obligations with respect to the Mining Claims in the amount of US$4,515,000.Qualified PersonsTechnical 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.About Revival GoldRevival 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 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:Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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: that Mercur has the potential to be a transformation asset for Revival Gold's shareholders, the permitting and mine construction timeline for Mercur, the timing of gold production, statements regarding the results of the PEA on Mercur, such as future estimates of internal rates of return, net present value, future production, revenues and contribution to State, construction and production employment estimates, estimates of mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs, timing for permitting, intentions to complete pre-feasibility studies and the timing of phased development of Mercur; timing estimates for assay results, Mercur project permitting and production; the views of State, County and municipal regulators.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; assumptions and discount rates being appropriately applied to the PEA,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 Mercur 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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Consolidates Mercur Gold Project Paving The Way For Redevelopment
CA Market News
3月前
Revival Gold Targets Underground Resource Growth With Drilling at Beartrack-Arnett Gold Project in IdahoMarch 17, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / March 17, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide an update on ongoing exploration drilling at the Beartrack-Arnett Gold Project ("Beartrack-Arnett" or the "Project") located in Idaho, U.S.A.Highlights2,300 meters of core drilling completed to-date of a planned 3,900-meter winter program at Beartrack-Arnett that commenced in October 2025.At Sharkey, a two-kilometer step-out target from Joss under cover, drill hole BT25-247D intercepted alteration and shearing near the bedrock contact; however, multi-element geochemical analysis showed no significant results.Beartrack-Arnett's Panther Creek Shear Zone ("PCSZ") structure remains untested for several kilometers to the south of Joss and continues to be a high priority for future exploration.Meanwhile, Revival Gold's focus has shifted back to Joss with two rigs turning , targeting the potential expansion of the high-grade underground Mineral Resources in this area , last drilled in 2022. Status as follows:First hole, BT26-252D , is complete having successfully intersected the target PCSZ;Second hole, BT26-251D-A , is nearing the target PCSZ, drilling continues; andAdditional holes are planned to target resource extensions over a strike of about 500 meters and to a depth of about 550 meters .The first phase, open pit heap leach Preliminary Feasibility Study ("PFS") at Beartrack-Arnett and the resulting Net Asset Value estimate excludes underground Mineral Resources. The current drill program at Joss is planned to evaluate the potential for a subsequent underground phase of operation at Beartrack-Arnett."Exploration drilling at Beartrack-Arnett is targeting potential expansion of the project's current underground Mineral Resource of almost one million ounces of gold. After a slow start to the program, two rigs are on site and rapidly advancing. We completed three shallow holes at Sharkey last year and one deep hole to-date this year at Joss. We are pleased to have intersected the favorable PCSZ rocks and look forward to providing further updates as results become available", said Hugh Agro, President & CEO.The Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit running north-south on the PCSZ. The project hosts an underground Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 grams gold per tonne for 877,000 ounces of gold that is not included in the 2023 first phase open pit, heap leach PFS. See "Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA" prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP dated August 2nd, 2023, for further details.Current Joss area drilling targets are depicted on Figure 1. The first hole at Joss encountered ductile deformation textures and alteration that are consistent with the PCSZ structure. Alteration does not necessarily correlate with the presence or abundance of gold mineralization within the structure.The Sharkey target is a two-kilometer step-out to the south to extend the PCSZ structure. The Sharkey target is defined by a geophysics (resistivity) anomaly that may map the PSCZ structural corridor under post-mineral cover. The target stratigraphy was intercepted in hole BT25-247D. The intercept was highly fractured and contained small vein selvages with sericitic alteration typically seen in other areas associated with the PCSZ, however, there were no geochemical anomalies in the samples from the intercept.Extensions of the PCSZ from the Joss area to the south at Sharkey remain open for new discoveries and are a high priority future drilling. Figure 1: Joss Area High-Grade Resource Expansion Targets
Long Section - South Pit to Joss Area (Looking West) Qualified PersonsTechnical 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 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:Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 exploration and development activities, the goals and expected outcomes of the planned drilling program at Beartrack-Arnett, the ability to complete the targeted program meters, the presence of alteration or structure, intercepting the shear zone, the potential for future assays, the high-grade nature of drill intercepts and mineralization at Beartrack-Arnett, the underground potential at Beartrack-Arnett and that the Mercur gold project development will advance.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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Targets Underground Resource Growth With Drilling at Beartrack-Arnett Gold Project in Idaho
CA Market News
3月前
Revival Gold Intercepts 4.2 g/t Gold Over 25 Meters at the Mercur Gold Project in UtahMarch 4, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / March 4, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide the latest drilling results from the 2025 drilling program at the Company's Mercur Gold Project ("Mercur" or the "Project") located in Utah.HighlightsAssay results have been received from an additional eighteen drill holes.Intersections at South Mercur include:4.2 g/T gold over 25 meters width at 43 meters downhole in RMC25-028; including9.8 g/T gold over 5.7 meters width at 55 meters downhole.Intersections at Main Mercur include:6.5 g/T gold over 7.1 meters width at 35 meters downhole in RMC25-025; and0.79 g/T gold over 32 meters width at 50 meters downhole in RM25-169.Revival Gold's first drill holes completed in the South Mercur area present high-grade intercepts and further highlight the exploration potential at Mercur."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", said Hugh Agro, President & CEO."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", added Agro.Mercur Drilling DetailsThe 2025 drilling program at Mercur finished in December with 115 RC and core holes completed. 107 holes have been released to-date. Data collected will support the Company's planned Prefeasibility Study targeting release in Q1 2027, a major milestone on the path to restarting gold production at Mercur. Figure 1 describes drill hole locations at Main Mercur.Figure 1: Mercur Drill Plan Map March 4, 2026 Table 1: Detailed Drill ResultsHole NumberAreaNoteAzi-muth (deg.)Dip (deg.)From (m)To (m)Drilled Width (m)1Fire Assay Gold Grade (g/t)2AuCN/ AuFA Ratio (%)3RM25-138Marion Hill 3056025.930.54.60.5776 36.639.63.00.5878RM25-154Rover 1106021.324.43.00.36100RM25-166Marion Hill 1306568.680.812.20.4273RM25-1644Marion Hill 1006521.345.724.40.5695RM25-168Marion Hill 1506574.794.519.80.3684RM25-169Marion Hill 2807550.382.332.00.7986RM25-173Mercur HillBackfill1406515.229.013.70.2335 83.886.93.00.6568RM25-174Marion Hill 906068.679.210.70.4180RM25-1755Mercur HillBackfill180756.113.77.61.0518 73.286.913.70.7292RM25-176Marion Hill 156557.976.218.30.2272RM25-177Marion Hill 3207048.859.410.70.9047RMC25-024Mercur Hill 09057.983.825.90.4286RMC25-025Mercur Hill 09035.042.17.16.5262 Including 36.540.44.010.5361 46.561.615.11.3757 Including 57.858.81.18.6990 99.8111.611.80.4581RMC25-026Mercur HillBackfill0900.018.318.30.5740 33.546.212.70.6355RMC25-0275Sacramento 2707012.225.413.20.2475 28.148.220.20.3679 105.9112.86.90.2088RMC25-028South Mercur 257543.068.2825.34.1578 Including 54.760.45.79.7794 UG Workings 68.372.23.9No Sample 72.272.90.72.95100 UG Workings 72.976.13.2No Sample 76.176.80.72.9896 81.788.396.70.3790 92.099.367.40.5398RMC25-029South Mercur 1956052.254.862.71.0939 58.568.129.72.9011 Including 62.865.72.97.116RMC25-0305South Mercur 29070103.3124.521.20.85961True width for all holes is estimated to be 60-100% of drilled width. Numbers may not add up due to rounding.2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.4 Drillhole lost short of target stratigraphy5 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the PEA.QA/QC ProgramQuality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.Gold assays are determined on reverse circulation drill cuttings and quarter-sawn PQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23). One quarter of the PQ core samples were submitted for assay, one quarter is kept for sample archive, and one half is preserved for future metallurgical column tests. For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME-MS 41 method.Qualified PersonsTechnical 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:Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 exploration potential, exploration, 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 commence a new drill program, and proceed with the potential completion of a pre-feasibility study and proceed to production at Mercur.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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Intercepts 4.2 g/t Gold Over 25 Meters at the Mercur Gold Project in Utah
CA Market News
4月前
Revival Gold Intercepts 1.0 g/t Gold Over 30 Meters and Extends Mineralization at Mercur Project in UtahFebruary 10, 2026 7:30 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / February 10, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") is pleased to provide the latest drilling results from the 2025 drilling program at the Company's Mercur Gold Project ("Mercur") located in Utah.Drilling HighlightsAssay results have been received from an additional twenty drill holes with the following highlight intersections in near-surface oxide gold mineralization at Mercur:1.0 g/T gold over 30.5 meters width at 25.9 meters downhole in RM25-165;0.74 g/T gold over 38.1 meters width at 16.8 meters downhole in RM25-164; and0.9 g/T gold over 30.5 meters width at 13.7 meters downhole in RM25-163.Additionally, drilling has extended gold mineralization outside the known Mineral Resource1 north of the Rover area in holes RM25-155 and RM25-157 with:1.0 g/T gold over 10.7 meters width at 59.4 meters downhole in RM25-155; and1.3 g/T gold over 15.2 meters width at 80.8 meters downhole in RM25-155.Continued confirmation of gold occurrence, grade and leachability with 2025 Preliminary Economic Assessment ("PEA") estimates.1Average vertical depth to start of mineralization is about 32 meters for holes released to-date, reflecting the shallow nature of the Mercur mineralization.1 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."Revival Gold's 2025 drilling at Mercur was primarily designed to upgrade resources on the project, but we also wanted to test for near resource extensions where possible. Today's results in RM25-155 and RM25-157 drilled below a soil geochem anomaly north of Rover confirms the exciting prospectivity of this area.", said Hugh Agro, President & CEO.Mr. Agro continued, "Revival Gold holds a 7,200-hectare land package that was previously fractured between past operators Homestake and Barrick. With the project now consolidated, our team is promptly moving Mercur through redevelopment while continuing to demonstrate opportunities for future resource growth ahead."Mercur Drilling DetailsThe 2025 drilling program at Mercur finished in December with 115 RC and core holes completed. 86 holes have been released to-date. Data collected will support the Company's planned pre-feasibility study, a major milestone on the path to restarting gold production at Mercur.Drilling results collected to-date at Mercur are generally consistent with the Inferred Mineral Resource and metallurgical models developed for the Mercur PEA.Figure 1 describes drill hole locations for the results released today. Full drill results are presented in Table 1 below.Figure 1: Main Mercur Drill Plan Map - February 10th, 2026 Results RM25-155 and RM25-157 intercepted multiple zones of oxide mineralization outside the resource pit area to the north of Rover. The mineralization is consistent with a soil anomaly northeast of Rover and could extend further north (see Figure 2 for details). Hole RM-157 bottomed in mineralization after being terminated short of target depth.Figure 2 - Northeast Rover Target and Highlight Intercepts Note: Details for drill hole RM25-117 are available in Revival Gold news release dated November 17, 2025, and details for drill hole EN054 are available in the 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. Table 1: Detailed Drill ResultsHole NumberAreaAzimuth (deg.)Dip (deg.)From (m)To (m)Drilled Width (m)1Fire Assay Gold Grade (g/t)2AuCN/AuFA Ratio (%)3RM25-143Rover1206030.545.715.20.2579RM25-148Marion Hill3308024.441.116.80.3182RM25-149Rover21555 NSI4 RM25-150Marion Hill1506016.854.938.10.5982RM25-151Marion Hill150609.127.418.30.5765RM25-1525Marion Hill15060 NSI4 RM25-155Rover406059.470.110.71.0279 80.896.015.21.3456 141.7152.410.70.4862RM25-156Marion Hill3156012.250.338.10.4089 117.3126.59.10.3891RM25-1575Rover2805036.650.313.70.4560 54.961.06.10.3576RM25-1586Rover1457519.822.93.00.3491 62.571.69.10.5190 115.8120.44.60.3373RM25-1596Rover807019.822.93.00.5694 71.6108.236.60.4080RM25-160Rover1707013.716.83.00.3493 48.859.410.70.2794 67.177.710.70.3787RM25-162Marion Hill295554.641.136.60.7281RM25-163Marion Hill1856013.744.230.50.9176RM25-164Marion Hill3105516.854.938.10.7486RM25-165Marion Hill1356525.956.430.51.0184RM25-1706Marion Hill95656.115.29.10.2459 25.965.539.60.4583RMC25-020Marion Hill09060.679.619.00.7794RMC25-022Rover1207053.369.315.91.1283RMC25-023Rover657018.433.214.80.46841 True width for all holes is estimated to be 70-100% of drilled width. Numbers may not add up due to rounding.2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.4 NSI stands for no significant intercept above the 0.17 g/t cutoff grade.5 Drillhole lost short of target stratigraphy6 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the PEA.QA/QC ProgramQuality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.Gold assays are determined on reverse circulation drill cuttings and quarter-sawn PQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23). One quarter of the PQ core samples were submitted for assay, one quarter is kept for sample archive, and one half is preserved for future metallurgical column tests. For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME-MS 41 method.Qualified PersonsTechnical 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:Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.comCautionary StatementNeither 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 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 exploration, 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 pre-feasibility study 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 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 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.SOURCE: Revival Gold Inc.View the original press release on ACCESS NewswireOriginal: Revival Gold Intercepts 1.0 g/t Gold Over 30 Meters and Extends Mineralization at Mercur Project in Utah
NYBob
4年前
Revival Gold Appoints John Meyer Vice President, Engineering & Development
V.RVG | 3 days ago
TORONTO, Dec. 07, 2021 (GLOBE NEWSWIRE) --
Revival Gold Inc.(TSXV:RVG,OTCQX:RVLGF) (“Revival Gold” or the “Company”), is pleased to announce the appointment of Boise, Idaho based industry veteran, John Meyer, as the Company’s Vice President, Engineering & Development. Mr. Meyer’s 30-year career in the gold business has included senior leadership roles in mine permitting and development, underground and open pit engineering as well as reclamation and mine closure. Mr. Meyer has worked on some of the most high-profile gold projects in the Americas, including the Stibnite project in Idaho and the Fruta del Norte project in Ecuador.
Mr. Meyer brings additional management depth and experience to Revival Gold having spent much of his career in senior and international project management positions leading multi-disciplinary teams with gold majors including Barrick Gold and Kinross Gold. Most recently Mr. Meyer served as Vice President, Development, with Perpetua Resources. Mr. Meyer holds a B.Sc. in Civil Engineering and a B.Sc. in Geophysics, both from the University of Western Ontario, Canada.
“We are thrilled to welcome John to Revival Gold’s leadership team. John’s outstanding technical credentials and recent relevant experience in Idaho will bolster Revival Gold’s capabilities and leadership as we advance towards the responsible re-development of the Beartrack-Arnett gold project,” said Hugh Agro, Revival Gold, President & CEO. “2022 will be a pivotal year for Revival Gold as we accelerate optimization initiatives, permitting preparations and development plans for the potential restart of operations. John’s extensive engineering and operating experience, both internationally and in Idaho, is a terrific fit with our business”, Agro added.
“I am excited to join Revival Gold and to help lead the Beartrack-Arnett project towards development. The Company is well on its way with a growing resource base, proven metallurgy, and considerable existing infrastructure. The project is one that can make a significant contribution to Idaho with minimal new development disturbance since much of the first phase operation is located on the previously developed Beartrack site,” said Meyer.
Revival Gold, Mr. Meyer and Perpetua Resources have agreed to facilitate an orderly transition of Mr. Meyer’s leadership responsibilities and duties to Revival Gold for the mutual benefit of all concerned. Subject to regulatory approval, Revival Gold has granted Mr. Meyer 200,000 incentive stock options in connection with his appointment. Pursuant to the Company’s Stock Option Plan, the options are exercisable at a price of $0.70 each for a period of five years and are subject to vesting provisions.
About Revival Gold Inc.
Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.
Beartrack-Arnett is the largest past-producing gold mine in Idaho. A Preliminary Economic Assessment has been completed for a first phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an AISC of $1,057 per ounce of gold. Meanwhile, exploration continues, focused on expanding the current Indicated Mineral Resource of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and Inferred Mineral Resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.
For further details, including key assumptions, parameters and methods used to estimate the Mineral Resources, and data verification, please see the Company’s NI 43-101 compliant technical report titled, “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th, 2020.
Revival Gold has approximately 71.4 million shares outstanding and had a cash balance of C$3 million on September 30th, 2021. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at
http://www.revival-gold.com
or on SEDAR at www.sedar.com.
For further information, please contact:
Hugh Agro, President & CEO or Lisa Ross, CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com
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
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
5年前
Revival Gold Completes Drill Program and Provides Exploration Update
V.RVG | 7 days ago
TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) --
RevivalGoldInc.(TSXV:RVG,OTCQX:RVLGF) (“Revival Gold” or the “Company”),
announces the completion of its 2021 drilling program at the Beartrack-
Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA. During
the year, Revival Gold drilled 20 core holes for a total of 4,900
meters.
Initial drill results released in August and in September confirmed the
continuity of high grades within broad zones of gold mineralization in
the Joss target area.
Joss extends over a strike of 1 km, has been drilled to a depth of
about 500 meters and is open to the north, south and at depth.
BT21-237D intersected 11.79 g/t gold over 2.5 meters and 5.36 g/t gold over 5.8 meters within 84.6 meters at 2.67 g/t gold (see August 5th, 2021, press release)
BT21-238D intersected 6.79 g/t gold over 6.0 meters and 12.6 g/t gold over 1.2 meters within 2.84 g/t gold over 50.0 meters (see September 7th, 2021, press release).
Beyond the 1 km of known mineralized strike at Joss, BT21-239DB collared approximately 400-meters south of the southern-most drillhole in the area, intersected a zone of fracture-controlled sericite alteration. Geochemical analysis confirmed the presence of weakly anomalous gold and arsenic values before the hole encountered an unexpected post-mineral fault that may have displaced the continuation of Joss mineralization in this area. While the direction and amount of displacement is unknown at this time, this is an encouraging result that suggests mineralization may extend beyond current drilling.
Wrapping up the Joss program this year, Revival Gold completed drill hole BT21-240D to test continuity of gold mineralization between BT-237D and BT-238D. BT21-240D intersected the intended structure. Assay results are pending.
In the Haidee target area, Revival Gold completed a total of fifteen engineering, infill and exploration core holes in the near surface, oxide material. Four of the holes were drilled for geotechnical and hydrological purposes. These holes will help guide pit slope parameters and provide necessary ground water data in preparation for next year’s first phase heap leach Pre-Feasibility Study.
The remaining drill holes at Haidee this year were targeted to upgrade and potentially expand on the resource at Haidee. The deposit remains open in all directions. Follow-up drilling to test the four km diameter target area that surrounds current mineral resources at Haidee, is currently in the permitting process for 2022. 2021 Haidee assay results are pending.
“Revival Gold’s exploration team experienced no lost-time incidents and delivered outstanding initial results from this year’s drill program,” said Hugh Agro, President & CEO. “Remaining 2021 drill results will be released over the next two months. Our team’s focus will now turn to updating the Beartrack-Arnett geological model in preparation for a resource update expected in the first quarter of 2022 and the completion of metallurgical and geotechnical work for the first phase heap leach Pre-Feasibility Study expected by the end of next year.”
QA/QC Program
Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples and blanks into the sample stream. Check samples are submitted to an umpire laboratory at the end of the drilling program. Sample results are analyzed immediately upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Twin Falls, Idaho. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.
Gold assays are determined on samples consisting of half drill core by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA23) for Beartrack, and Fire Assay and AAS on a 50-gram nominal sample weight (Au-AA24) for Arnett. For shallow holes targeting leachable mineralization, gold is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi element geochemical analyses are completed on selected drill holes using the ME-MS 61M method.
Qualified Person
Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.
About Revival Gold Inc.
Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.
Beartrack-Arnett is the largest past-producing gold mine in Idaho. A Preliminary Economic Assessment has been completed for a first phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an AISC of $1,057 per ounce of gold. Meanwhile, exploration continues, focused on expanding the current Indicated Mineral Resource of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and Inferred Mineral Resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.
For further details, including key assumptions, parameters and methods used to estimate the Mineral Resources, and data verification, please see the Company’s NI 43-101 compliant technical report titled, “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th, 2020.
Revival Gold has approximately 71.2 million shares outstanding and had an estimated cash balance of C$3 million on September 30th, 2021. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at
http://www.revival-gold.com
or on SEDAR at www.sedar.com.
For further information, please contact:
Hugh Agro, President & CEO or Lisa Ross, CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com
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 news release. Technical information in this news release has been reviewed and approved by Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc., a Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
This News Release includes certain “forward-looking statements” which 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 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the Company’s ability to predict or counteract the potential impact of COVID-19 coronavirus on factors relevant to the Company’s business, failure to identify additional mineral resources, failure to convert estimated mineral resources to reserves with more advanced studies, the inability to eventually complete a feasibility study which could support a production decision, the preliminary nature of metallurgical test results may not be representative of the deposit as a whole, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
http://www.revival-gold.com
Primary Logo
Tags:
INDUSTRIAL METALS & MINERALS
1
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
NYBob
5年前
bigone NEWS Revival Gold, Inc. (RVLGF) Revival Gold Resumes Drilling
The High-Grade Joss Target
Click to view a PDF of this release
https://revival-gold.com/revival-gold-resumes-drilling-the-high-grade-joss-target/
Toronto, ON – May 25th, 2021 –
Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce that drilling has resumed on the high-grade Joss target at the Company’s Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA.
Approximately 2,500 meters of core drilling in five holes are planned this summer at Joss. Drilling will focus on continuing to define and expand on the one-kilometer trend of high-grade gold mineralization with underground mining potential. Summary high-grade intercepts from the fourteen core holes previously drilled on the Joss trend range from 4 – 9 g/t gold and are estimated to extend between 1 – 5 meters in true width (see Revival Gold Press release dated March 1st, 2021).
High-grade, potentially underground-minable, material at Beartrack-Arnett offers the possibility to supplement open pit mill material to produce a similar, or greater, quantity of gold at a lower rate of mill throughput. Joss has the added advantage of being centrally located close to existing open pit resources and infrastructure at the project.
The existing Beartrack-Arnett Mineral Resource is primarily in an open pit setting and includes an Indicated Open Pit Mill Resource of 22.2 million tonnes grading 1.52 g/t gold for 1.09 million ounces gold. Open pit mill material was assessed by the Company’s resource consultants, Roscoe Postle Associates Inc., at an assumed milling rate of 20,000 tonnes per day and a mill recovery of 94% (see “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th, 2020).
“Joss represents a catalytic opportunity to potentially boost gold production and/or reduce the assumed mill throughput and the associated capital cost of constructing a future milling operation at Beartrack-Arnett. Based on current, widely spaced drilling, our team is excited about the high-grade, continuity and the overall dimensions of the Joss target. The target extends for one kilometer of strike with potentially underground mineable widths of 1 – 5 meters, has been drill tested to a depth of 500 meters and remains open on strike and at depth,” said Hugh Agro, Revival Gold, President & CEO.
Drilling by contractor Major Drilling America, Inc. is underway and will continue in the Joss area until early August. A map showing the location of the planned drill holes at Joss is presented in Figure 1.
Revival Gold will mobilize a second drill rig in June to resume drilling at the higher elevation Haidee open pit oxide gold target, where drilling will consist of an additional 2,500 meters of core drilling to upgrade and expand on the current Mineral Resource.
$Revival Gold will also complete geotechnical and hydrological
engineering holes this season in preparation for the completion of a
Pre-Feasibility Study in 2022 on the first phase restart of Beartrack-
Arnett heap leach operations.
Figure 1: Plan View of 2,500 Meter Drill Program at Joss
Qualified Person
Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.
About Revival Gold Inc.
Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.
Beartrack-Arnett is the largest past-producing gold mine in Idaho. A Preliminary Economic Assessment has been completed for a first phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an AISC of $1,057 per ounce of gold. Meanwhile, exploration continues, focused on expanding the current Indicated Mineral Resource of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and Inferred Mineral Resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.
For further details, including key assumptions, parameters and methods used to estimate the Mineral Resources, and data verification, please see the Company’s NI 43-101 compliant technical report titled, “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th, 2020.
Revival Gold has approximately 71.2 million shares outstanding and had an estimated cash balance of C$7.4 million on March 31st, 2021. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at
http://www.revival-gold.com
or on SEDAR at www.sedar.com.
For further information, please contact:
Hugh Agro, President & CEO or Lisa Ross, CFO
Telephone: (416) 366-4100 or
Email: info@revival-gold.com
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 news release. Technical information in this news release has been reviewed and approved by Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc., and Mr. Rodney A. Cooper, P.Eng., a consultant to the Company, Qualified Persons within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
This News Release includes certain “forward-looking statements” which 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 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the Company’s ability to predict or counteract the potential impact of COVID-19 coronavirus on factors relevant to the Company’s business, failure to identify additional mineral resources, failure to convert estimated mineral resources to reserves with more advanced studies, the inability to eventually complete a feasibility study which could support a production decision, the preliminary nature of metallurgical test results may not be representative of the deposit as a whole, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
https://revival-gold.com/revival-gold-resumes-drilling-the-high-grade-joss-target/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA.
NYBob
5年前
Revival Gold To Drill 5,000 Meters,
Commence Engineering And Environmental Work
https://revival-gold.com/revival-gold-to-drill-5000-meters-commence-engineering-and-environmental-work/
Toronto, ON – March 22nd, 2021 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), announces details of the Company’s planned 2021 field program for the past-producing Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA.
Highlights
5,000 meters of exploration, infill, and engineering drilling. Drilling to commence in May on the Joss high-grade target. A second rig is expected to start drilling in June on the Haidee oxide target;
Wood has been appointed to commence an updated Mineral Resource estimate incorporating 2020 and 2021 drilling, targeted for completion in Q1 2022;
SGS Canada Inc.’s Lakefield Lab has been selected to conduct column leach and other metallurgical test work under the direction of Wood; and
KC Harvey Environmental, LLC has been appointed to initiate supplemental baseline environmental studies with team member Opal Adams serving in an ongoing capacity as the Company’s Permitting Specialist.
In addition, Revival Gold is
Undertaking a detailed evaluation of oxidized, near-surface mineralization in historical reverse circulation drill holes in the Romans Trench target area, located approximately three kilometres south-east of the Haidee target area. Drill intercepts include 1.90 g/t gold over 21 meters and 1.95 g/t gold over 18 meters; and,
Assessing potential new exploration opportunities on cross-fault structures with ongoing computer modeling and artificial intelligence applications by Mira Geoscience Ltd., field mapping and reconnaissance.
“Following up on last year’s successful Preliminary Economic Assessment and exciting high-grade drilling results at Joss, this year’s activities will focus on critical path field work for the potential restart of heap leach gold production from existing infrastructure at Beartrack-Arnett. Meanwhile, we will continue to drill to build on the quality and quantity of the project’s already impressive mineral endowment. Revival Gold’s 2021 work plan will set the foundation for an early 2022 mineral resource update, a Pre-Feasibility Study, and a late 2022 potential decision to proceed with the first phase restart of gold production at Beartrack-Arnett,” said Hugh Agro, President & CEO.
Qualified Persons
Steven T. Priesmeyer, C.P.G., a QP and Vice President Exploration for the Company, and Mr. Rodney A. Cooper, P.Eng., a QP and a consultant to the Company, are the Company’s designated Qualified Persons for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and have reviewed and approved its scientific and technical content.
About Revival Gold Inc.
Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.
Beartrack-Arnett is the largest past-producing gold mine in Idaho. A Preliminary Economic Assessment has been completed for a first phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an AISC of $1,057 per ounce of gold. Meanwhile, exploration continues, focused on expanding the current Indicated Mineral Resource of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and Inferred Mineral Resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.
For further details, including key assumptions, parameters and methods used to estimate the Mineral Resources, and data verification, please see the Company’s NI 43-101 compliant technical report titled, “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th, 2020.
Revival Gold has approximately 71.2 million shares outstanding and had a cash balance of approximately C$9.1 million on December 31st, 2020. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.
For further information, please contact:
Hugh Agro, President & CEO or Lisa Ross, CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com
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 news release. Technical information in this news release has been reviewed and approved by Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc., and Mr. Rodney A. Cooper, P.Eng., a consultant to the Company, Qualified Persons within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
This News Release includes certain “forward-looking statements” any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
https://revival-gold.com/
NYBob
6年前
Revival Gold Delivers Solid Phase One Preliminary Economic Assessment
72,000 ounces gold per year at $1,057 per ounce AISC with a 25% after-
tax IRR
Click to view a PDF of this release
Toronto, ON – November 17th, 2020 –
Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, is pleased to announce positive results from a Preliminary Economic Assessment (“PEA”) on the Company’s Beartrack-Arnett (“Beartrack-Arnett”) phase one heap leach gold project located in Idaho, USA.
Beartrack-Arnett Phase One Heap Leach Gold Project – PEA Highlights*
Production of 72,000 ounces of gold per year for a total of 506,000 ounces of gold over an initial seven-year mine life;
Pre-production capital of $100 million and life-of-mine (“LOM”) sustaining capital of $61 million;
Total cash cost of $809 per ounce and all in sustaining cost of $1,057 per ounce of gold;
After-tax NPV at a 5% discount rate (“NPV5%”) of $88 million and after-tax IRR of 25% at $1,550 per ounce gold increasing to a $211 million NPV5% and 49% IRR at $1,950 per ounce gold;
After-tax payback period of 3.0 years;
Lower technical and execution risk of a brownfields project with existing infrastructure and recent history as the largest past-producing gold mine in Idaho; and,
Excellent additional exploration potential as demonstrated by this season’s drill results and with over 10km of favorable geological structure to explore.
* All amounts shown are in United States dollars and metric units of measurement unless otherwise stated.
This PEA is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
For the purposes of this phase one PEA, only oxide and partially oxidized mineralization amenable to gold recovery using standard cyanide heap leach processing was evaluated representing less than a third of available mineralized material. Beartrack-Arnett also hosts a significant sulfide resource, much of which was not included in this PEA.
“This PEA supports Revival Gold’s plans to resume meaningful heap leach gold production from Beartrack-Arnett with low re-start capital and robust economics,” commented Hugh Agro, President and CEO. “Beartrack-Arnett ranks as one of the largest independently-owned undeveloped gold deposits in the United States. As a brownfield site, Beartrack-Arnett offers significant existing baseline environmental data, infrastructure, and operating history for Revival Gold to utilize. This should translate into shorter permitting timelines and lower technical and execution risk. Over the course of the next two years Revival Gold will continue with its exploration strategy to expand the resource base at Beartrack-Arnett while progressing the first phase heap leach project towards a production decision. We also intend to evaluate the potential for a second phase sulfide milling project so that we might fully realize the inherent value of all the gold resources identified at Beartrack-Arnett to-date.”
The PEA was prepared in accordance with National Instrument 43-101 (“NI 43-101”) by Wood plc (“Wood”) of Oakville, Canada and Boise, Idaho with an effective date of November 17th, 2020. The Company will file a technical report summarizing the PEA on www.revival-gold.com and on SEDAR at www.sedar.com in accordance with NI 43-101 within 45 days.
Conference Call
Management will host a conference call later today to discuss the results of the PEA. Call-in information below:
Scheduled Start: November 17th, 2020, 10:00 am EST
Call-In Number: 416-764-8658
Toll Free in North America: 888-886-7786
A replay of the conference call will be available for one week at 416-764-8691 or toll free in North America at 877-674-6060. Playback passcode 347502#.
Further Details
Table 1 below summarizes the key PEA technical and financial inputs and results.
Table 1 – Technical Inputs and Financial Assumptions
https://revival-gold.com/revival-gold-delivers-solid-phase-one-preliminary-economic-assesment/
https://revival-gold.com/
Goldman Sachs says the gold rally is just getting started — and sees a surge of more than 20% next year
'The structural bull market for gold is not over and will resume next year as inflation expectations move higher, the US dollar weakens and EM retail demand continues to recover'
A worker hold a 20 kilogram gold brick at the ABC Refinery in Sydney. David Gray/Getty Images
By Brengre Sim
Friday November 13, 2020 12:29 pm
The bull market for gold is not over, Goldman Sachs analysts said, and the gold market will likely follow the same path as it did after the global financial crisis in 2008.
In the 13 November note, analysts Mikhail Sprogis and Jeffrey Currie said: “The structural bull market for gold is not over and will resume next year as inflation expectations move higher, the US dollar weakens and EM retail demand continues to recover.”
“Near...
Subscribe or Sign In to continue reading
MMY a low cost gold producer great bargain with many gold mines worth
10 x the market cap > KL should pick up MMY -
Imo!
https://investorshub.advfn.com/Monument-Mining-TSXV-MMY-13403/
https://www.monumentmining.com
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA