Revival Gold Acquires Mercur Gold Project, Aiming for Redevelopment

Revival Gold Inc. announced the completion of its acquisition of Mercur Mines LLC, gaining control over the Mercur Gold Project in Utah. This acquisition adds approximately 996 hectares to the project, bringing the total area to about 7,200 hectares. Revival Gold had previously gathered ground from various owners, including Homestake Mining Company.

According to Hugh Agro, CEO of Revival Gold, the Mercur Gold Project offers a unique Carlin-style gold system exploration opportunity outside Nevada's major fields. The company plans further drilling and a pre-feasibility study by the first quarter of 2027, with potential construction starting in 2028 and first gold production by 2029.

Revival Gold aims for Mercur to become Utah's largest gold producer, contributing significantly to the local economy. However, the acquisition includes financial commitments to Barrick Gold, alongside responsibilities such as maintaining high environmental standards.