Mike Fagan,
Editor
Jan. 8, 2026
Revival Gold Inc. (TSX-V: RVG)(OTC: RVLGF) — currently trading around C$0.70 per share in a near-record gold market — has announced a new batch of drill results from its flagship Mercur Gold Project, Utah.
The latest results include assays from 19 additional drill holes targeting near-surface oxide gold mineralization. Highlights include:
- 1.8 grams per tonne gold (g/t Au) over 25.9 meters from 6.1 meters downhole
- 1.3 g/t Au over 21.9 meters from 16.8 meters downhole
- 0.7 g/t Au over 29.0 meters from 21.3 meters downhole
The results confirm grade continuity at Main Mercur, reinforcing the project’s suitability for heap leach development while highlighting exploration upside across the broader Mercur system.
Revival Gold CEO Hugh Agro — whom you’ll hear from next in our exclusive interview — commented on the positive results from Mercur via press release:
“Our primary operational objective is to restart gold production at Mercur and, with today's news, we are adding to our leadership team and ramping up activity in support of that objective. With the gold price comfortably above US$4,000 per ounce, bringing a new 100,000 ounce per annum domestic gold mine into production will create significant value for our owners.”
Revival also announced the appointment of Timothy S. Barnett as GM of Mercur, bringing more than 30 years of engineering and mine operations experience, most recently as a project manager at Rio Tinto Kennecott, to the RVG team.
Mr. Agro added:
“Revival Gold is thrilled to welcome Tim Barnett as General Manager at Mercur and pleased to kick off 2026 with further encouraging assay results and development news at Mercur.”
And speaking of that development momentum, RVG recently completed a successful 115-hole RC and core drilling program designed to infill inferred resources, collect metallurgical samples, and test for mineralized extensions at Mercur.
Metallurgical work is now underway with baseline environmental studies set to commence in early 2026 and with a Pre-Feasibility Study (PFS) targeted for delivery by year-end.
A 2025 Preliminary Economic Assessment (PEA) outlined average annual production of approximately 96,000 ounces of gold over a 10-year mine life, positioning Mercur as a potential ~100,000-ounce-per-year domestic gold operation in a mining-friendly U.S. jurisdiction.
Kicking off 2026, Revival Gold enters this next development phase with a strengthened balance sheet and strategic backing. Last year, the company closed approximately C$29 million in transformational financing, anchored by investments from Dundee Corporation and EMR Capital. Together, these groups bring deep experience in building, financing, and operating gold projects globally.
Beyond Mercur, RVG continues to advance its Beartrack-Arnett Gold Project in Idaho, which hosts approximately 4.6 million ounces of gold (Measured & Indicated, plus Inferred).
One drill rig is currently active, targeting underground extensions at the high-grade Joss Zone with roughly three miles of prospective trend still to be explored. Recent metallurgical work has also demonstrated encouraging results.
In total, Revival Gold controls ~6.2 million ounces of gold resources (Measured & Indicated, plus Inferred) across its two flagship projects.
With both past-producing assets located within the established mining jurisdiction of the western United States and supported by existing infrastructure, RVG benefits from meaningful operational and development synergies.
That positions Revival to advance a clear, phased path toward construction and gold production at Mercur while continuing to unlock value at Beartrack-Arnett via the drill-bit in a record gold-price environment.
Hot on the story as always, our own Gerardo Del Real of Junior Resource Monthly caught up with Revival Gold CEO Hugh Agro to discuss the latest project updates and near-term development priorities. Please enjoy!
To learn more about Toronto-based Revival Gold Inc., please contact the company’s IR department at 416-366-4100 or via email at info@revival-gold.com.
Visit the Revival Gold corporate website and sign up to receive updates directly from the company here. View the most recent Corporate Presentation.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Revival Gold Inc.
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