Historically, approximately 2.6 million oz. of gold were mined from the Mercur district, including 1.5 million oz. by Getty Oil Company and later Barrick Gold between 1983-1998, after which it closed due to low gold prices. Since then, Barrick completed reclamation of the Mercur site.
From 2020 to 2022, Ensign entered various agreements to consolidate the Mercur project area, which now covers 62.55 square kilometres divided between private land, federal claims, and state leases. Amongst the deals was an option to acquire Barrick’s interest in the area for $20 million.
Work by past owners has resulted in the delineation of an inferred resource estimate that totals 89.6 million tonnes grading 0.57 gram per tonne gold for 1.64 million oz. of contained metal. This estimate has an effective date of Feb. 1, 2024, and is based primarily on exploration of the private land.
By adding the Mercur project, Revival’s gold resource base…
