08:59 AM EDT, 10/16/2024 (MT Newswires) -- Revival Gold ( RVLGF ) on Wednesday reported progress with technical programs at its U.S. gold projects.

The company said it contracted RESPEC to update the resource estimate in support of a planned preliminary economic assessment on the Mercur gold project in Utah.

Revival Gold ( RVLGF ) also said it has wrapped up its summer field program at the Beartrack-Arnett gold project in Idaho, where activities have commenced on a draft plan of operations. Completion is expected by year-end.

"With Mercur metallurgical testing now complete, the detailed work of assembling a robust geological database and model well underway, and engineering trade-off studies advancing, Revival Gold ( RVLGF ) remains on track for the completion of the Mercur PEA, and the delivery of a significant potential value catalyst, by the end of Q1-2025", said Hugh Agro, Revival Gold's ( RVLGF ) president and CEO.

"We look forward to reporting on these activities as well as Revival Gold's ( RVLGF ) ongoing exploration and permitting initiatives at both Mercur and Beartrack-Arnett in the months ahead," Agro added.

Revival Gold's ( RVLGF ) share price fell 3.3% yesterday to $0.295 on the TSXV.