Revival Gold’s Mercur Gold Project: A Progress Update
Toronto, February 11, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF), a leading gold exploration and development company, is thrilled to share an update on the advancements at its Mercur gold project, situated in the historic Gold Belt of Utah, USA.
Project Overview
The Mercur Gold Project is a promising gold exploration project that boasts a rich history, with previous production dating back to the late 1800s. Revival Gold has been working diligently to reactivate the project, focusing on the development of the Arnett Open Pit and the Beartrack-Marydell Gold Deposit.
Recent Developments
In the past few months, Revival Gold has made significant strides in advancing the Mercur project. A few notable accomplishments include:
- Completion of a 10,000-meter drill program at the Beartrack-Marydell Gold Deposit, which has resulted in the discovery of several high-grade gold intersections
- Completion of an updated mineral resource estimate for the Beartrack-Marydell Gold Deposit, which increased the indicated resource by 41% and the inferred resource by 30%
- Obtaining the necessary permits for the Arnett Open Pit and initiating construction activities
Impact on the Local Community and the World
Revival Gold’s progress at the Mercur Gold Project is not only significant for the Company but also for the local community and the world. Let’s explore the potential impacts:
Local Community
The Mercur Gold Project is expected to bring numerous economic benefits to the local community, including:
- Creation of jobs during the construction and operational phases
- Increased revenue for local businesses through the supply of goods and services
- Contributions to local infrastructure and community development projects
World
The global gold market stands to benefit from Revival Gold’s advancements at the Mercur Gold Project in several ways:
- Increased gold production from the United States, reducing reliance on foreign sources
- Contribution to the global gold supply, potentially stabilizing or lowering gold prices
- Increased exploration and development activities in the historic Gold Belt of Utah, potentially leading to further discoveries and economic growth in the region
Next Steps
Revival Gold remains committed to advancing the Mercur Gold Project and is currently focusing on:
- Continuing the development of the Arnett Open Pit and the Beartrack-Marydell Gold Deposit
- Exploring additional exploration targets within the Mercur property
- Engaging with stakeholders to ensure a responsible and sustainable development of the project
Conclusion
The progress at Revival Gold’s Mercur Gold Project is an exciting development for the Company, the local community, and the global gold market. With a rich history, promising resource potential, and a commitment to responsible and sustainable development, the Mercur Gold Project is poised to make a significant impact in the years to come.
As Revival Gold continues to advance the project, we can expect further developments, economic benefits, and potential discoveries. Stay tuned for updates on this promising gold exploration and development project.
