Recently the company released a JORC 2012 compliant resource statement indicating 571,000 ounces of gold as a stage one exploration target. This includes a 6km strike of low grade, bulk tonnage, and numerous smaller targets consisting of high grade gold in epithermal structures over a wide area.
Indications are that a deeper source for the intrusions exists, and with no modern exploration applied to the area, the opportunity for defining a much larger resource is expected. The company is engaging a strategy to identify a potential > 1M ounce resource.
Initial drilling of the "Pine Creek Lode" has identified a JORC 2012 compliant resource of 26,000 ounces of Gold from only 4% of the strike length of the host ironstone formation.
The company is also progressing exploration, bringing additional resources to JORC compliant status within the exploration area.
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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