10:43 AM EDT, 09/09/2024 (MT Newswires) -- Revival Gold ( RVLGF ) was lower early Monday despite reporting "positive" results from the column leach metallurgical test program on representative samples from the Mercur gold project in Utah.

The company said overall extraction rates for gold for the five column leach tests were 85%, 85%, 74%, 92% and 82%.

Revival's share price fell 3.3% at last look to $0.295 on the TSXV following the news.

Revival said the results, together with historical operational and exploration data, demonstrate that Mercur host rocks are "amenable" to cyanide leaching for the recovery of gold. "We are very pleased with today's metallurgical test results," President and CEO Hugh Agro said. "The mid-80's percent average extraction rate and rapid leach kinetics for the five columns tested bode well for the upcoming Mercur [preliminary economic assessment."

Price: 0.30, Change: -0.01, Percent Change: -3.28