Engages H&SC for Resource Estimation of NSW Gold Property
Two primary objectives of the estimation and compliance statement is to:
1. Provide a resource statement for the previously delineated gold bearing banded ironstone formation that extends for 3.2 kilometres through the license area. Earlier drilling in this ironstone formation has demonstrated gold grades up to 14 g/t.
2. An extended exploration target for the surrounding epithermal gold reefs that have the characteristics of an intrusive related gold system providing the source mineralization for over 80 known gold reefs in the license area. Assays from early mining operations returned significant grades in hundreds of grams per ton.
Tim Mckinnon CEO of Revolution Metals said: "We are excited to be able to finally put an authoritative stamp on what has been known to exist in this area for many years. Following the issue of the resource statement, the company will be seeking investment to develop the field."
H&SC has extensive experience in resource estimation with consultants qualified and competent in a variety of commodities and deposit types. The company's consultants have a track record in producing cost-effective resource estimates ready for mine design and pit optimisation. Their services range from simple resource updates to complete management of data sets, resource estimation and reporting.
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About Revolution Metals Ltd
Revolution Metals Ltd is an Australian public company and developer of mineral resources. The focus of the company is to develop mineral assets of economic grade to production, providing investors with rapid return on investment. Revolution's current tenement holding comprises 40 square kilometres of mineralized gold, silver, nickel, cobalt and lead bearing structures in northern New South Wales, Australia.
The primary gold bearing ironstone and quartz deposits of Mt Remarkable, Pine Creek and Alice Cornwall, are part of a field of numerous reefs and historical artisanal workings with over sixty identified as producing gold over a century ago.
Revolution Metals Ltd