TORONTO, ON – July 15, 2026 – As a featured company in The Resource Vault, Revival Gold Inc. (TSX-V: RVG | OTCQX: RVLGF) has released its first drill results from the 2026 program at the Mercur Gold Project in Utah… and the early returns are delivering exactly what investors were hoping for: high grades, wide intercepts, and evidence that the deposit extends beyond the boundaries already modelled in the Preliminary Economic Assessment.
The Company has completed 7,400 metres across 74 holes of a planned 18,000-metre program, with results now in hand for the first 13 holes. Two RC rigs are currently drilling, with two additional rigs expected on site later this summer… ramping to four rigs total as the program accelerates toward a Preliminary Feasibility Study (PFS) targeted for Q1 2027.
Drill Highlights
| Hole | Area | From (m) | To (m) | Width (m) | Grade (g/t Au) | AuCN/AuFA |
| RM26-204 | South Mercur | 128.0 | 158.5 | 30.5 m | 1.65 | 76% |
| Including | 158.5 | 169.2 | 10.7 m | 1.61 | 14% | |
| RM26-183 | South Mercur | 144.8 | 175.3 | 30.5 m | 0.92 | 93% |
| Including | 106.7 | 134.1 | 27.4 m | 0.69 | 68% | |
| RM26-189 | South Mercur | 85.3 | 91.4 | 6.1 m | 2.44 | 97% |
| RM26-194 | South Mercur | 50.3 | 61.0 | 10.7 m | 1.89 | 98% |
| RM26-190 | Mercur Hill | 73.2 | 83.8 | 10.7 m | 1.40 | 96% |
True width for all holes is estimated to be 65–100% of drilled width.
“Revival Gold is now more than a third of the way through this year’s planned drilling program at Mercur. Results in the South Mercur area are revealing some of the Project’s highest grades and point to potential expansion opportunities in heap leachable material beyond the PEA open pit,” said Hugh Agro, President & CEO.
Figure 1. South Mercur drill plan map. The 2026 RC holes (green dots) are distributed across the South Mercur resource area, with the best intercepts — including RM26-204’s 1.65 g/t over 30.5m and RM26-183’s 0.92 g/t over 30.5m — located in the southern portion of the pit-constrained resource outline. Critically, results suggest mineralisation extends below the planned open pit, pointing to potential resource expansion beyond what was modelled in the PEA.
The Detail That Changes the Story: Mineralisation Beyond the PEA Pit
The headline grades are strong, but the most significant line in this release is a strategic one: results at South Mercur indicate that zones of potentially leachable material extend below the planned open pit contemplated in the PEA. That means the deposit is larger than the economics already published. And those economics already pointed to a compelling project.
The AuCN/AuFA ratios, a measure of how much of the gold is recoverable by cyanide heap leaching, are consistently high across the best intercepts (93%, 97%, 98%), confirming that the material being drilled is well-suited to the low-cost heap leach processing method at the heart of Mercur’s development plan.
Figure 2. Main Mercur drill plan map. The 2026 infill program is targeting resource conversion across the broader Main Mercur area — including the Rover, Marion Hill, Golden Gate, Mercur Hill, and Sacramento zones — to upgrade Inferred Resources to the Measured and Indicated categories required for the PFS. The scale of the drilling footprint reflects the size and complexity of the Mercur system.
What Comes Next
The 2026 program at Mercur is one of the most ambitious in the Company’s history: 18,000 metres planned across infill drilling (for resource conversion), expansion drilling (to grow the resource beyond the PEA), and geotechnical, hydrological, and condemnation drilling (to support engineering design for the PFS). With only 7,400 metres completed and 13 holes reported, the vast majority of results are still to come.
The PFS, targeted for completion by the end of Q1 2027, will be the next major value-creation milestone for Revival Gold. A PFS that incorporates an expanded resource, higher grades at South Mercur, and confirmed heap leach recoverability has the potential to be a materially stronger document than the PEA that preceded it.
The Resource Vault Perspective
When we initiated coverage of Revival Gold, the core thesis was straightforward: a $200 million market cap company sitting on approximately $2 billion worth of gold in the ground, with a clear development path and a management team that knows how to execute. The 2026 Mercur drill program is the next chapter in that execution story.
The early results are not just confirming what the PEA modelled… they are suggesting the PEA may have been conservative. That is exactly the kind of upside that re-rates a junior gold developer.
For our full initiation report on Revival Gold and to track all future developments, visit…
The Revival Gold Company Page on The Resource Vault.
→ Read Our Initiation Report: “The $2 Billion Gold Company You Can Buy for $200 Million”
Qualified Persons Technical information in this release was reviewed and approved by Mr. John Meyer, P.Eng., VP Engineering and Development, and Mr. Dan Pace, RM SME, Chief Geologist for Revival Gold Inc., both Qualified Persons as defined by NI 43-101.
About Revival Gold Inc. Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and ongoing exploration at the Beartrack-Arnett Gold Project in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its U.S. exploration and development office in Salmon, Idaho.
Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This release contains forward-looking statements, including but not limited to: potential opportunities to expand heap leachable material beyond the PEA open pit; the planned increase to four drill rigs later this summer; and the targeted completion of a Preliminary Feasibility Study by the end of Q1 2027. Forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance. For a full discussion of risks, refer to the Company’s public filings on SEDAR+.
Disclosure: The companies promoted on The Resource Vault have been disseminated on behalf of Equity Catalyst Partners, LLC. Equity Catalyst Partners, LLC has been engaged by these companies to provide marketing and investor relations services and is compensated by each company. This is not financial advice.