The year 2026 has commenced on an auspicious note for Revival Gold, a company making substantial progress with its MKER project in Utah. As the year progresses, there’s increasing confidence surrounding the project’s future, with recent drill results offering some surprising revelations that could shape the gold exploration space in the coming months.
Key Drill Results and Increased Confidence
Revival Gold’s ongoing drilling program has revealed resource grades that exceed expectations. With recent results showing grades that are 10-15% higher than the average resource grade, the company’s exploration efforts are proving to be fruitful. Hugh Agro, a key figure at Revival Gold, shared his excitement over the drill results, noting that these higher grades further bolster the company’s confidence in the resource it holds. While these results don’t directly guarantee an increased grade in the upcoming updated study, they certainly solidify the strength of Revival Gold’s position as it moves toward the Preliminary Feasibility Study (PFS) stage.
The numbers also speak for themselves. The 2025 drilling program, which includes 115 RC and core drill holes, has yielded promising results, with gold mineralization reaching grades as high as 1.8 grams over 20-30 meters, all located near the surface. This is great news for the MKER project, which is aiming for heap leach operations, given the proximity of mineralization to the surface.
Positive Development and Permitting Advancements
In addition to the excellent drill results, Revival Gold is making substantial progress in its permitting process. The company has begun cultural and biological work, vital steps before advancing to construction. Artistic work, which includes cataloging historic mining activities on the site, is nearly complete. This gives Revival Gold an edge in securing community support for restarting operations. Moreover, the company’s permitting work is progressing smoothly, a key factor that will facilitate the company’s path forward.
Notably, the addition of Tim Barnett to the team as General Manager brings significant expertise, with valuable experience from Riotinto’s Pentacott operations in Utah. This marks an important milestone for Revival Gold, demonstrating the company’s strong commitment to advancing the MKER project toward construction within the next few years.
Understanding the Value of Revival Gold’s Resource
With a resource grade currently standing at 6 grams per ton of gold, Revival Gold is positioning itself for substantial market leverage. The cutoff grade for the project is around 0.2 grams per ton, meaning that the average resource grade is well above the minimum, which is an encouraging sign for the project’s economic viability.
While it’s unlikely that the resource grade will remain consistently high throughout the deposit, the project shows great potential, with both northern and southern extensions to be explored further. The fact that these deposits are near surface and exhibit strong grades relative to the resource is a good indicator for investors.
Gold’s Growing Value and the Developer Space
Revival Gold’s optimism isn’t only grounded in its own drilling results and project developments; the broader gold market is also playing a key role in fueling the company’s growth. Gold’s price surge, driven by macroeconomic factors and underinvestment in the asset class, has positioned it as a strong store of value. Analysts, such as those at Morgan Stanley, suggest that gold ownership should be significantly higher than it currently is, which bodes well for companies like Revival Gold that are positioned to benefit from this upward momentum.
The gold developer space, in particular, offers a unique investment opportunity. Revival Gold’s leverage, with six million ounces of gold in the ground and only a portion of that accounted for in the net asset value (NAV), presents exceptional upside potential as gold prices continue to rise. Revival Gold is well-positioned to realize substantial value from its projects as it advances through permitting and engineering stages. The company’s market capitalization currently stands at approximately $120-130 million, with potential upside reaching up to $2 billion at a gold price of $4,000 per ounce.
Looking Ahead: Revival Gold’s Path to Success
Revival Gold’s strategic approach, combined with solid drill results, an experienced leadership team, and favorable macroeconomic conditions, has set the stage for success. The company is well on its way to de-risking its $1.2 billion NPV at a $4,000 gold price, with a target of producing 100,000 ounces of gold annually. The strong support from institutional backers, including EMR Capital and Dundy Corporation, further strengthens the company’s position.
As investors closely watch Revival Gold’s developments, it’s clear that this is a company worth following. With exciting drill results, advancements in permitting, and a promising gold market outlook, Revival Gold is poised for long-term growth.
For more information on Revival Gold and its upcoming developments, visit Revival Gold’s official website or follow them on the TSX Venture Exchange under the ticker RVG and the OTCQX market under RVLGF. As always, be sure to assess the risks involved with any investment and seek professional advice when necessary.
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