Name of the Project
Mercur gold project.

Location
Utah, in the US.

Project Owner/s
Pure gold mine developer Revival Gold.

Project Description
Revival Gold is targeting potential openpit heap-leach production of 80 000 oz/y to 100 000 oz/y of gold over a nine- to ten-year mine life.

The project benefits from its largely private land position and dry climate, which is expected to provide for an efficient mine-permitting process, when initiated, and put Mercur at the front of Revival Gold’s project development pipeline

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not disclosed.

Capital Expenditure
Not disclosed.

Planned Start/End Date
Not stated.

Latest Developments
Revival and its principal consultants have completed draft geological models, grade domains, and a preliminary updated grade and metallurgical block model to support the company's planned preliminary economic assessment (PEA) on the project. The updated mineral resource will incorporate additional historical drill logs, metallurgical data, and results from the company’s 2024 column leach metallurgical test programme.

Whittle pit analysis, trade-off studies, and preliminary site layout planning are in progress, with designs for openpit mining, waste rock storage, heap-leach processing, and ancillary infrastructure under development. The full PEA results are expected in due course.

Revival has also started work on a permitting schedule for the potential restart of production at Mercur. With mineral resources located on private claims in a dry climate, the company expects to efficiently progress through Utah’s state-led permitting process, managed by the Department of Oil, Gas and Mining.

The company has completed an initial exploration data compilation, field reconnaissance, and a selective geochemical sampling programme at the project, identifying several areas with potential for resource expansion. The focus is on the South Sacramento, Rover, and South Mercur areas, as well as the west limb of the Mercur anticline, which has undergone little recent deep drilling.

Key Contracts, Suppliers and Consultants
Not disclosed.

Contact Details for Project Information
Revival Gold, tel +416 366 4100 or email info@revival-gold.com.