Revival targets up to 100 000 oz/y from redeveloping Utah gold mine
TSX-V-listed Revival Gold is advancing plans to redevelop the Mercur gold project in Utah, with the company targeting gold production of 80 000 oz/y to 100 000 oz/y over a nine-to-ten-year mine life.
Revival and its principal consultants have completed draft geological models, grade domains, and a preliminary updated grade and metallurgical block model to support the company's planned preliminary economic assessment (PEA) on Mercur. The updated mineral resource will incorporate additional historical drill logs, metallurgical data, and results from the company’s fall 2024 column leach metallurgical test programme.
Whittle pit analysis, trade-off studies, and preliminary site layout planning are in progress, with designs for openpit mining, waste rock storage, heap leach processing, and ancillary infrastructure under development. The full PEA results are expected within the next two months.
Revival has also started work on a permitting schedule for the potential re-start of production at Mercur. With mineral resources located on private claims in a dry climate, the company expects to move efficiently through Utah’s state-led permitting process, managed by the Department of Oil, Gas and Mining.
The company has completed an initial exploration data compilation, field reconnaissance, and selective geochemical sampling programme at Mercur, identifying several areas with potential for resource expansion. The focus is on the South Sacramento, Rover, and South Mercur areas, as well as the west limb of the Mercur anticline, which has seen little recent deep drilling.
“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," said CEO Hugh Agro.
The Mercur property includes interests optioned from Barrick and others.
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