TORONTO, ON — January 7, 2026 — Leads & Copy — Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) has announced the latest drilling results and provided an update on project development at the Company’s Mercur Gold Project in Utah.
The company’s 2025 drilling program at Mercur concluded in December, with 115 RC and core holes completed. The collected data will support the company’s planned 2026 pre-feasibility study, which is a major milestone on the path to restarting gold production at Mercur.
Assay results have been received from an additional nineteen drill holes with highlight intersections in near-surface oxide gold mineralization at Mercur.
Drilling highlights include:
- 1.8 g/T gold over 25.9 meters width at 6.1 meters downhole in RM25-144;
- 1.3 g/T gold over 21.9 meters width at 16.8 meters downhole in RMC25-019; and,
- 0.7 g/T gold over 29.0 meters width at 21.3 meters downhole in RM25-131.
According to the company, the results to date continue to confirm the expected tenor and leachability of mineralization and demonstrate exploration upside opportunities at Main Mercur.
Development updates include:
- Revival Gold’s lead environmental and permitting consultant, Stantec Consulting Inc. has completed detailed work plans for baseline biological studies. Field work will commence in Q1 and is expected to be completed over the next twelve months.
- Discussions have been initiated with Utah regulators on the mitigation of historical mining-related archaeological sites. Phased mitigation planning by Stantec is underway with the next stage of field work expected to commence in Q2.
- PQ core sample selection and test preparation is underway by Revival Gold’s lead metallurgical and process design consultants, Kappes, Cassiday & Associates, for a program of approximately twenty column leach tests expected to be completed by the end of Q2.
- A contractor has been selected to evaluate and redevelop the historical Barrick water supply wells at Mercur. Work will commence this month.
Revival Gold also announced the appointment of Timothy S. Barnett as the Company’s General Manager of Mercur, with overall responsibility for site development and operating activities. Mr. Barnett is a mining professional with more than thirty years experience in engineering studies, construction management, and operations in international and domestic precious metals mining. Previously, Mr. Barnett was a Project Manager with Rio Tinto Kennecott, Continental Gold’s Buritica gold project in Colombia, Oceana Gold’s Haile gold mine in South Carolina and Alamos Gold’s Mulatos gold mine in Mexico.
Mr. Barnett completed a B.Sc. in Metallurgical Engineering at Corllins University and Montana Tech and resides with his family in Stansbury Park, Utah.
Hugh Agro, President & CEO said, “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.”
Mr. Agro continued, “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.”
Drilling results collected to-date at Mercur are generally consistent with the Inferred Mineral Resource and metallurgical models developed for the Mercur Preliminary Economic Assessment (PEA).
RM25-136 and RM25-137 in the Marion Hill area at Main Mercur, targeted the western edge of the PEA design pit. The holes are encouraging with long runs of mineralization that continue to the bottom of the holes and outside the current PEA pit shells.
Figure 1 describes drill hole locations for the results released today. Full drill results are presented in Table 1.
Subject to regulatory approval, Revival Gold has granted Mr. Barnett 300,000 incentive stock options in connection with his appointment. Pursuant to the Company’s Stock Option Plan, the options are exercisable at a price of $0.75 each for a period of five years and are subject to vesting provisions.
Quality 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.
Technical 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.
Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com
Source: Revival Gold Inc.
