Mike Fagan,
Editor
March 20, 2025
Revival Gold Inc. (TSX-V: RVG)(OTC: RVLGF) — currently trading around C$0.35 per share in a record high gold market — has closed its previously announced private placement with resource investment firm Dundee Corporation (TSX: DC).
Dundee Corp., through its wholly owned subsidiary Dundee Resources Limited, acquired 10 million RVG shares for an approximate 5% stake in Revival Gold with gross proceeds of C$3.2M going to Revival.
Funds will be used primarily for advancing RVG’s past-producing “brownfields” gold development projects in the western United States.
Revival Gold’s flagship projects are the Mercur Gold Project (~1.64 Moz Au; Inferred) in Utah and the Beartrack-Arnett Gold Project (~4.6 Moz Au; M&I plus Inferred) in Idaho.
Combined, Revival is sitting on a resource of ~6.2 Moz Au across all categories, making RVG one of the largest junior gold development companies by ounces in the ground in the United States.
At Mercur, the Revival Gold team is anticipating the release of an updated Mineral Resource and PEA (Preliminary Economic Assessment) within the next few weeks wherein it is targeting 80,000 to 100,000 ounces of gold production per annum at a nine to ten-year mine life bolstered by positive metallurgy test results already in-hand.
Revival Gold CEO Hugh Agro — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the accelerated progress at Mercur via press release:
“Revival Gold is making excellent progress and remains on schedule for release of an updated Mineral Resource and PEA on Mercur within the next two months. Resource modeling efforts have incorporated a more robust geological and metallurgical model and benefited from the integration of a substantial amount of additional historical drill log data and Revival Gold’s fall 2024 program of column leach metallurgical test results. We are targeting potential open pit heap leach production of 80,000 - 100,000 ounces of gold per year over a 9 to 10 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.”
At Beartrack-Arnett, Revival is continuing to make steady progress toward an open pit heap leach restart supported by a recent PFS (Preliminary Feasibility Study), which successfully outlined a low-cost, phased development approach focused initially on the near-surface heap leach mining component.
Beartrack-Arnett — which boasts robust infrastructure in place, including an ADR plant (gold processing facility), an 11,000 sq ft core facility, solution ponds, hydropower, and a water treatment facility — holds the distinction of being Idaho’s largest past-producing gold mine.
Importantly, the relative close proximity of Mercur to Beartrack-Arnett (and the aforementioned infrastructure) brings with it the potential for future heap leach gold production synergies across the two formerly-producing mine sites wherein the RVG team is targeting combined production of ~150,000 gold ounces per year.
Again, we’re talking about a pair of high-potential gold development projects, at a combined ~6.2 Moz Au, situated within the ultra-safe confines of the United States that are only about a six-hour drive from one another — all at a sub-C$75M market cap.
With gold trading at record highs above US$3,000 per ounce, our own Gerardo Del Real of Junior Resource Monthly caught up with Revival Gold CEO Mr. Hugh Agro for a deep dive into the gold market, the upcoming PEA at Mercur, and the numerous catalysts lining up for RVG in 2025. Please enjoy!
To learn more about Toronto-based Revival Gold Inc., please contact the company’s IR department at 416-366-4100 or via email at info@revival-gold.com.
Visit the Revival Gold corporate website and sign up to receive updates directly from the company here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Revival Gold Inc.
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