Revival Gold Intersects 8.4 g/t Gold over 6.2 Meters and 8.5 g/t Gold over 3.4 Meters Supporting Overall Continuity of Mineralization at the Beartrack-Arnett Joss Target

Revival Gold reports high-grade gold intercepts at Joss, advancing underground mine studies.

What the company is saying

Revival Gold Inc. is highlighting successful wedge hole drilling at the Joss target within its Beartrack-Arnett Project in Idaho, emphasizing both the continuity and grade of gold mineralization. The company frames these results as crucial for building confidence in the underground potential at Joss, with President & CEO Hugh Agro stating that the program increases confidence in confirming mineability. The announcement details explicit grades and widths for new wedge holes and references previously reported high-grade primary holes, reinforcing the technical credibility of the results. Revival Gold is also communicating ongoing progress, including updated geological modeling, contracted engineering studies with EngComp Engineering, and further metallurgical testing by SGS Lakefield, with results expected in early 2027. The tone is confident and forward-looking, focusing on the project's scale, the open nature of mineralization, and the steps being taken to advance toward a potential underground mine. The company also mentions infrastructure expansion at site to support future work.

What the data suggests

The disclosed drill results from wedge hole BT26-254DW include 2.2 g/T gold over 49.5 meters at 799 meters downhole, with a higher-grade interval of 8.4 g/T gold over 6.2 meters at 828 meters. Wedge hole BT26-255DW returned 7.9 g/T gold over 2.2 meters at 484 meters and 4.3 g/T gold over 21.6 meters at 551 meters, including 8.5 g/T gold over 3.4 meters at 555 meters. Previously reported primary holes BT26-254D and BT26-255D intersected 2.37 g/T over 147.2 meters and 3.43 g/T over 131.7 meters, respectively, with high-grade subintervals of 14.9 g/T over 5.9 meters and 6.56 g/T over 42.5 meters. The Joss area hosts an underground sulphide Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 g/T for 877,000 ounces of gold, which is not included in the open pit PFS. The mineralized strike at Joss is about 1.2 kilometers, with multiple +2 g/T zones of 2–20 meters true width within a larger halo of 5–70 meters true width, and remains open along strike and at depth. All five primary and three wedge holes this year intersected the Panther Creek Shear Zone, supporting structural continuity. True widths are estimated at 40–55% of drilled width. The data is specific, with clear hole IDs, grades, and widths, and supports the company's claim of a potentially scalable, high-grade underground target.

Analysis

The announcement provides detailed and specific drill results, including grades, widths, and resource estimates, which are standard and credible disclosures for an exploration-stage gold company. The tone is positive but proportionate to the operational progress: all major claims about drilling intercepts and resource size are directly supported by the disclosed numerical data. Forward-looking statements (geological modeling, engineering studies, metallurgical testing, and infrastructure expansion) are clearly identified as ongoing or planned, not as completed achievements. There is no exaggeration of near-term economic impact; the benefits of these activities are long-term and contingent on future studies and potential mine development. Capital intensity is flagged due to ongoing engineering and site expansion, but no immediate earnings or production impact is claimed. The language is factual and avoids promotional overreach, with no hype detected.

Risk flags

• ●There is significant execution risk, as the project is still in the exploration and study phase with no defined timeline for resource update, economic assessment, or mine development. The transition from drilling results to a viable underground mine involves multiple technical, permitting, and financial hurdles.
• ●The inferred resource at Joss (6,745,000 tonnes at 4.05 g/T for 877,000 ounces) is not included in the current open pit PFS, meaning its economic contribution is untested and contingent on future studies. There is no guarantee that further work will convert these resources to reserves or support a positive economic case.
• ●Capital intensity risk is present, with ongoing engineering, metallurgical, and infrastructure work required before any development. The announcement does not disclose costs, budgets, or funding sources for these activities, leaving financial capacity and dilution risk unaddressed.
• ●Metallurgical and mining studies are still underway, and results are not expected until early 2027. There is a risk that these studies could reveal challenges with recoveries, mining methods, or costs that could negatively impact project economics.
• ●The mineralization remains open along strike and at depth, which supports exploration upside but also means that resource definition is incomplete and further drilling will be required, extending timelines and increasing costs.

Bottom line

Revival Gold's latest drilling at the Joss target demonstrates high-grade, continuous gold mineralization, with explicit intercepts such as 2.2 g/T over 49.5 meters and 7.9 g/T over 2.2 meters, supporting the underground potential of the Beartrack-Arnett Project. The Joss area hosts an inferred resource of 6.7 million tonnes at 4.05 g/T for 877,000 ounces, but this is not yet included in the project's open pit economics and remains to be validated by further studies. The company is advancing geological modeling, engineering, and metallurgical work, with key results expected in early 2027, but no near-term production or economic assessment is on the horizon. Execution, capital, and technical risks remain high, as the project is still pre-development and will require substantial additional work and funding. Investors should focus on the upcoming metallurgical and engineering results, as well as any future resource or economic study updates, to gauge the project's progression toward a development decision. The main takeaway is that Revival Gold is making technical progress at Joss, but value realization is still several steps and years away.

Announcement summary

(TSXV:RVG, OTCQX:RVLGF) Revival Gold Inc. reported successful wedge hole drilling results from the Joss target area at the Beartrack-Arnett Project in Idaho, United States. Wedge hole BT26-254DW intercepted 2.2 g/T gold over 49.5 meters drilled width at 799 meters downhole, including 8.4 g/T gold over 6.2 meters at 828 meters downhole. Wedge hole BT26-255DW intercepted 7.9 g/T gold over 2.2 meters at 484 meters downhole and 4.3 g/T gold over 21.6 meters at 551 meters downhole, including 8.5 g/T gold over 3.4 meters at 555 meters downhole. Previously reported primary hole BT26-254D intersected 2.37 g/T gold over 147.2 meters, including 14.9 g/T gold over 5.9 meters. Primary hole BT26-255D intersected 3.43 g/T gold over 131.7 meters, including 6.56 g/T gold over 42.5 meters. All five primary drill holes and three wedge holes completed in this year's drilling program at Joss intersected the gold bearing Panther Creek Shear Zone. Joss has a known mineralized strike of about 1.2 kilometers, with multiple higher-grade (+2 g/T gold) mineralized zones with horizontal (true) widths of 2-20 meters within a larger lower-grade halo ranging from 5 to 70 meters true width, remaining open along strike and at depth. Preparation of updated geological models is underway. EngComp Engineering has been contracted to advise on potential underground mining approaches and costs, and SGS Lakefield is conducting further metallurgical testing on higher-grade material from Joss, with results expected in the early new year. Work has commenced on expanding Revival Gold's core logging and storage facilities at Beartrack-Arnett in preparation for potential follow-up drilling. True widths are estimated to be 40-55% of drilled width. The Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit within the Panther Creek Shear Zone. The deposit is subject to an earn-in agreement for 100% by Revival Gold. In the Joss area, the project currently hosts an underground sulphide Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 g/T for 877,000 ounces of gold, which is not included in Beartrack-Arnett's 2023 first phase open pit, heap leach PFS economics. The 2026 drilling program in the Joss area was designed to expand the area of known mineralization, augment an update to Beartrack-Arnett's mineral resources estimate, and potentially support a future underground mine economic study. Quality Assurance/Quality Control includes regular insertion of certified reference materials, duplicate samples, and blanks. Samples are analyzed at ALS Geochemistry laboratories in Reno, Nevada and Vancouver, British Columbia. Technical information was reviewed and approved by John Meyer, P.Eng., EVP, Engineering and Development, and Dan Pace, RM SME, Chief Geologist for the Company. Hugh Agro is President & CEO of Revival Gold Inc.

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