Revolution Resources Corp. - Neue Erfolgsstory à la Romarco? (Seite 2)
neuester Beitrag 12.12.12 10:19:25 von
Neuigkeiten zur Revolution Res Aktie
2011-06-08 08:51 ET - News Release
Mr. Aaron Keay reports
REVOLUTION COMMENCES DRILLING AT JERICHO HILL AND ADDS A SECOND DRILL RIG AT CHAMPION HILLS PROJECT
Revolution Resources Corp. has planned four drill holes to test the recently discovered Jericho Hill prospect. During the fall of 2010, Revolution personnel collected eight grab samples from a 20-metre-long, 10-metre-wide area of outcrop. Select samples include 6.23 grams per tonne Au and 273 grams per tonne Ag, 4.05 grams per tonne Au and 130 grams per tonne Ag, and 1.76 grams per tonne Au and 898 grams per tonne Ag. Samples range from trace values to 6.23 grams per tonne Au and 898 grams per tonne Ag, averaging 1.8 grams per tonne Au and 189.5 grams per tonne Ag.
The company is mobilizing a second diamond drill rig to its Champion Hills project, located in the Carolina slate belt, North Carolina. The widespread extent of gold mineralization identified to date at Champion Hills has encouraged the company to accelerate the exploration program. This 5,000-metre drill program will test targets that have never received previous drilling and will drill test additional targets at the Loflin and Jones-Keystone areas, where mineralization remains wide open to expansion in all directions. The second drill rig is expected to be on site during mid to late June, 2011.
The second rig will be used to infill and expand results from the Jones-Keystone and Loflin targets, where Revolution recently announced thick intervals of gold mineralization, including hole JK11-017, 40.0 metres averaging 2.33 g/t Au within an interval of 104.0 metres averaging 1.27 g/t Au (see news release issued April 13, 2011). Mineralization has been traced for over 750 metres along strike and is open in all directions. The objective of this drilling will be to provide enough drill density to complete an initial NI 43-101 resource estimate.
Jones-Keystone mineralization is located along the same structural corridor as the Loflin prospect located 2,700 metres to the west. Recently announced initial drill results from Loflin include 70.0 metres averaging 1.10 g/t Au and 30.0 metres averaging 2.59 g/t Au (see news release issued Jan. 6, 2011).
Revolution received results from the final hole at the Jones-Keystone target. JK11-023 intercepted 50 metres averaging 0.98 g/t Au, including 22.0 metres of 1.5 g/t Au.
Revolution currently has seven major target areas located on the 25-kilometre-long Champion Hills trend. The company will shortly announce drill results from the Silver Hill and Silver Valley Au-Ag-Zn-Cu volcanogenic massive sulphide targets, located on the western portion of the trend.
The Jericho Hill target (previously Kearns prospect) is a newly discovered occurrence of gold- and silver-rich altered and veined sediments, with no previous known history of exploration or lode production. The area has been historically mined for alluvial gold. During the fall of 2010, Revolution personnel collected eight grab samples from a 20-metre-long, 10-metre-wide area of outcrop. Select samples include 6.23 g/t Au and 273 g/t Ag, 4.05 g/t Au and 130 g/t Ag, and 1.76 g/t Au and 898 g/t Ag. Samples range from trace values to 6.23 g/t Au and 898 g/t Ag, averaging 1.8 g/t Au and 189.5 g/t Ag.
A property location map can be viewed on the company's website.
About the Champion Hills project
The Champion Hills property is composed of multiple historic pits and workings within a 25-kilometre-long trend in North Carolina. The project occurs within the Carolina slate belt, which hosts most of the major gold mines in the Southeastern United States. Significant deposits include the Ridgeway mine, which produced 1.5 million ounces of gold from 1988 to 1999, and Romarco's Haile mine project. The Champion Hills project is geologically analogous to these deposits, whereby gold mineralization is hosted within quartz-sericite-pyrite altered volcanic rocks, associated with northeast-trending shear zones.
Minimal modern exploration has occurred in the Carolina slate belt, generally due to previous complex land tenure. Gold was discovered in Champion Hills in the early 1800s, with small-scale production from many small operations. Mining continued in the area through the 1930s Depression era. Noranda explored Champion Hills for shallow, open-pit gold deposits from 1989 to 1992, completing 23 core holes totalling 2,936 metres. This drilling encountered multiple drill intercepts ranging between 0.5 to 1.3 g/t Au over long intervals, including several holes that were abandoned in mineralization at depth. Complete historic results can be viewed on the company's website.
We seek Safe Harbor.
2011-06-22 16:26 ET - News Release
Mr. Aaron Keay reports
REVOLUTION DISCOVERS NEW ZONE AT CHAMPION HILLS DISTRICT, INTERSECTS 22.5 METERS AVERAGING 6.10 G/T AU, 258.7 G/T AG AT SURFACE
Revolution Resources Corp.'s initial drill hole at the Jericho Hill prospect has discovered a new zone at the company's Champion Hills project by intersecting high-grade gold and silver mineralization starting at surface. Drill results from the Silver Hill and Silver Valley targets have also been received.
Drill hole JH11-01 intersected 22.53 metres averaging 6.10 grams per tonne gold and 258.65 g/t silver, including 7.93 metres averaging 16.06 g/t Au and 698.66 g/t Ag. The interval also includes 1.5 metres averaging 56.6 g/t Au and 2,430 g/t Ag. The mineralized intersection started at the base of saprolite (weathered rock) at 28.5 metres depth and was not initially analyzed, however has now been sent for assay.
"These results, coupled with our previous discoveries at the Loflin and Jones Keystone zones, continue to suggest the potential for new discoveries along the 25-kilometre-long Champion Hills trend," said Aaron Keay, president and chief executive officer of Revolution Resources. "We intend to aggressively follow up on these discoveries immediately by adding a second drill rig."
The Jericho Hill target is a newly discovered occurrence of gold- and silver-rich altered and veined sediments, with no previous known history of exploration or lode production. The area has been historically mined for alluvial gold. During the fall of 2010, the company collected eight grab samples from a 20-metre-long, 10-metre-wide area of outcrop. Select samples include 6.23 g/t Au and 273 g/t Ag, 4.05 g/t Au and 130 g/t Ag, and 1.76 g/t Au and 898 g/t Ag. Samples range from trace values to 6.23 g/t Au and 898 g/t Ag, averaging 1.8 g/t Au and 189.5 g/t Ag. Drill hole JH11-01 was collared 90 metres west of the discovery outcrop, and drilled at a 45-degree dip angle toward the surface showing. Current interpretation is that the mineralized zone has a subhorizontal orientation.
Mineralization at Jericho Hill is typified by deformed quartz veins within a metavolcanic rock, with disseminated pyrite, chalcopyrite, galena, sphalerite and tellurides within the veins and host rock
Revolution Resources Corp. Joins OTCQX
Jul. 6, 2011 (PR Newswire) --
NEW YORK, July 6, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Revolution Resources Corp. (OTCQX: RVRCF; TSX: RV), a gold exploration company based in Vancouver, is now trading on the highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
Revolution Resources began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Revolution Resources to OTCQX."
Dorsey & Whitney LLP will serve as Revolution Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
We also recently visited Revolution Resources Corp.'s (TSX:RV; OTCQX:RVRCF) project in the Champion Hills Trend in the Carolina Slate Belt near Greensboro, North Carolina. Revolution is exploring in an area of the U.S. that is known for the first gold rush, first silver mine and the primary producer of lead for munitions in the Civil War. The project follows the success of Romarco Minerals Inc.'s (TSX:R) 4.2 Moz. Haile gold project in South Carolina. Revolution's land position of 7,500 acres is second only to Romarco with 9,700 acres. Revolution's land position is also on private land with similar host rock. The area is economically depressed and is surprisingly welcome to mine development. While relatively early, it appears that Revolution is well positioned to repeat Romarco's experience, now about a $1B market cap, and may become an integral part of Romarco's growth strategy