The recently completed drill program focused on defining and
expanding recent discoveries made by Revolution at Champion
Hills. The Company intends to begin an initial NI 43-101
compliant resource estimate in Q3, 2012. Numerous significant
shallow intersections confirm a significant near-surface gold
system at Champion Hills (the majority of intercepts occur
less than 100 meters below surface). Both Loflin and
Jones-Keystone remain open to expansion at depth and along
strike. Revolution is in the final stages of completing the
Company's 2012 exploration program and will provide updated
guidance in the coming weeks.
Highlights from the recent drilling include:
LF11-030: 32.0 meters averaging 1.34 g/t Au LF11-031: 29.0
meters averaging 1.12 g/t Au JK11-036: 15.0 meters averaging
1.36 g/t Au JK11-048: 34.5 meters averaging 1.11 g/t Au
"Given our close proximity to infrastructure and continued
success intercepting mineralization close to surface at both
Loflin and Jones-Keystone, we feel that it is important to
begin looking at economic factors that will determine the
viability of Champion Hills. In addition to the NI 43-101
report, we intend to begin base line economic studies at
Loflin and Jones-Keystone," said Aaron Keay, President and
CEO of Revolution.
Revolution has completed 107 core holes for 21,904 meters of
drilling at Champion Hills in 2011. The majority of drilling
to date has concentrated on expanding the 2011 discoveries
made at Loflin and Jones-Keystone. Mineralization at Loflin
and Jones- Keystone, and Romarco Minerals' Haile project
located in South Carolina, occur in a similar geological
setting in the Carolina Slate Belt. Romarco is currently
permitting Haile. Romarco recently announced a successful
first phase of drilling at the Hickory project located in the
Champion Hills Trend neighboring Revolution's key properties.
A
NR #2012-2
second phase of drilling at Hickory was also announced. (See
Romarco Minerals news release; January 17, 2012.)
Initial discoveries announced in Q1 at both Loflin and
Jones-Keystone properties Completed a $9 million
institutional equity financing following first phase of
drilling
Satellite discovery at Jerico Hill: 22.5 avg 6.10 g/t Au and
258.7 g/t Ag Completed approximately 20,000 meters of
drilling at Champion Hills Acquisition of the Mexican
portfolio from Lake Shore Gold
Completed a $4.5 million equity financing
Kinross acquired a 9% stake in Revolution
Initiated drilling and surface exploration at Universo
property, Mexico.
Loflin
Recent drilling at Loflin expanded mineralization of the main
gold zone along strike, down dip and down plunge.
Mineralization has now been defined over a strike length of
400 meters and remains open in all directions for expansion.
The Loflin Zone has potential to host significant open-pit
style gold resources as demonstrated by the recent
near-surface intersections of 1.34 g/t Au across 32.0m
including 4.13 g/t Au across 6.1m in hole LF11-030 and 1.12
g/t Au across 29.0m including 2.60 g/t Au across 9.1m in hole
LF11-031, as well as previously released intersections of
1.10 g/t Au across 70.0m including 2.19 g/t Au across 20.0m
in hole LF10-017 and 1.12 g/t Au across 74.0m including 2.59
g/t Au across 30.0m in hole LF10-018. Complete drill results
from Loflin are listed in Table 1.
Gold mineralization at Loflin is hosted within mafic
metavolcanic flows and tuffs, with strong disseminated
pyrite, arsenopyrite and pyrrhotite mineralization. The main
zone is contained within the core of a northeast trending
syncline with a gentle northeast plunge. Loflin also hosts
multiple historic mine workings, both shallow pits and adits
confined to the saprolitic surface rock.
Hole-ID | From (m) | To (m) | Length (m) | Au (g/t) |
LF11-025 | 27.4 | 57.3 | 29.9 | 0.63 |
including | 27.4 | 36.4 | 9.0 | 1.01 |
LF11-026 | 88.0 | 105.5 | 17.5 | 1.04 |
LF11-027 | 61.2 | 66.0 | 4.8 | 0.91 |
194.2 | 196.3 | 2.1 | 1.54 | |
LF11-029 | 96.9 | 102.0 | 5.1 | 0.90 |
NR #2012-2
LF11-030 | 0.0 | 32.0 | 32.0 | 1.34 |
including | 25.9 | 32.0 | 6.1 | 4.13 |
LF11-031 | 0.0 | 29.0 | 29.0 | 1.05 |
including | 16.8 | 25.9 | 9.1 | 2.16 |
LF11-032 | 50.2 | 54.0 | 3.8 | 0.84 |
162.9 | 165.6 | 2.7 | 0.92 | |
LF11-033 | 52.0 | 71.0 | 19.0 | 0.66 |
including | 66.5 | 71.0 | 4.5 | 2.00 |
96.7 | 102.7 | 6.0 | 0.93 | |
LF11-034 | 112.0 | 120.7 | 8.7 | 1.83 |
LF11-037 | 54.5 | 74.3 | 19.8 | 0.80 |
including | 70.1 | 74.3 | 4.2 | 1.50 |
LF11-038 | 75.2 | 85.5 | 10.3 | 1.23 |
LF11-039 | 16.8 | 47.5 | 30.7 | 1.12 |
including | 37.0 | 43.0 | 6.0 | 2.70 |
LF11-040 | 23.0 | 38.1 | 15.1 | 0.83 |
including | 34.4 | 38.1 | 3.7 | 2.14 |
52.0 | 68.8 | 16.8 | 0.74 | |
including | 59.0 | 68.8 | 9.8 | 0.92 |
LF11-041 | 27.0 | 50.5 | 23.5 | 0.52 |
including | 27.0 | 40.0 | 13.0 | 0.63 |
LF11-042 | 3.0 | 4.6 | 1.6 | 1.59 |
LF11-043 | 0.0 | 9.1 | 9.1 | 0.57 |
* True widths are approximately 75%
** Drill hole numbers not in sequence are considered to have no significant assays
Jones-Keystone
Near-surface gold mineralization at Jones-Keystone has now been traced over a strike length of 850 meters. Recent drilling indicates that the gold mineralization is hosted within a broad northeast trending syncline with a shallow southwest plunge. Multiple gold zones occur within both limbs of the fold, with the thickest sequence of gold mineralization occurring at the fold hinge, as shown by the previously released intersection of 1.27 g/t Au across 104.0 m in hole JK11-017. All zones are open both up and down plunge as well as along strike in both limbs of the fold. Highlights from the recent drilling include 1.36 g/t Au across 15.2 m including 3.07 g/t Au across 5.7 m in hole JK11-036 and 1.11 g/t Au across 34.5 m including 5.53 g/t Au across 4.0 m in hole JK11-048. New drill results from Jones-Keystone are listed in Table 2.
NR #2012-2
Jones-Keystone is located along the same structural corridor
as the Loflin target, 1000 m northeast along the Champion
Hills trend. Gold mineralization is hosted in mafic
metavolcanic flows and their derivatives, with strong
disseminated pyrite and pyrrhotite mineralization. Jones-
Keystone also hosts numerous shallow open pit mine workings.
Hole-ID | From (m) | To (m) | Length (m) | Au (g/t) |
JK11-030 | 120.3 | 124.4 | 4.1 | 1.36 |
155.8 | 158.8 | 3.0 | 1.53 | |
JK11-031 | 84.3 | 158.0 | 73.7 | 0.55 |
including | 113.0 | 121.0 | 8.0 | 1.05 |
including | 149.0 | 156.5 | 7.5 | 1.10 |
JK11-032 | 206.5 | 218.5 | 12.0 | 0.72 |
JK11-034 | 59.0 | 63.0 | 4.0 | 0.97 |
JK11-035 | 103.1 | 114.4 | 11.3 | 0.84 |
JK11-036 | 45.0 | 61.7 | 15.2 | 1.36 |
including | 54.5 | 60.2 | 5.7 | 3.07 |
JK11-045 | 267.5 | 276.0 | 8.5 | 0.48 |
JK11-047 | 90.3 | 104.5 | 14.2 | 1.11 |
JK11-048 | 103.5 | 138.0 | 34.5 | 1.11 |
including | 114.0 | 138.0 | 24.0 | 1.52 |
including | 128.0 | 132.0 | 4.0 | 5.53 |
* True widths are approximately 70%
** Drill hole numbers not in sequence are considered to have no significant assays
To date, Revolution has completed 21,904 m of core drilling
in North Carolina and has identified widespread gold
mineralization on its Champion Hills project. The majority of
the drilling has been focused on advancing the Loflin and
Jones-Keystone targets, and has been successful in
demonstrating size potential for the region.
Property location maps, drill hole maps and full assay
results can be viewed on the
Company's website at www.revolutionresourcescorp.com.
The Champion Hills Project
The Champion Hills Project is comprised of multiple historic
pits and workings within a
35 kilometer long trend in North Carolina. The project occurs
within the Carolina Slate Belt, which hosts most of the major
gold mines in the southeastern U.S. 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
NR #2012-2
quartz-sericite-pyrite altered volcanic rocks, associated
with northeast trending structural corridors.
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
1800's, with small scale production from many small
operations. Mining continued in the area through the 1930's
depression era. Noranda explored Champion Hills for shallow,
open-pit gold deposits from 1989 to 1992, completing 23 core
holes totalling
2,936 meters. Information on the Champion Hills trend can be
viewed on the
Company's website at www.revolutionresourcescorp.com.
Mexico
Revolution's newly-acquired Mexican property portfolio
contains land totaling over
400,000 hectares. The properties cover two distinct districts
situated in regions which host current- and past-producing
mines. The immediate focus is at Universo, where Revolution
currently has three core drills on site testing multiple
gold-silver targets. Universo is located on trend with
Goldcorp's Penasquito and Camino Rojo deposits (17.8Moz Au,
882Moz Ag, and 4.0Moz Au, 68.3Moz Ag respectively), and New
Gold's Cerro San Pedro (3.7Moz Au, 129.8Moz Ag). Historical
highlight drilling as reported by Minera Kennecott includes
21.3m of 11.7g/t Au, 37g/t Ag. Initial drilling results are
expected over the next several weeks from the Navarro and La
Perdida targets.
Revolution's 2011 exploration program at Champion Hills is
performed under the supervision of Katie Lucas, P.Geo. and
Robert McLeod, P.Geo, a Director of Revolution. Both are
Qualified Persons as defined by NI 43-101. Drill cores are
cut in half using a diamond saw, with one half placed in
sealed bags, and delivered to Activation Laboratories, an
accredited laboratory in Ancaster, Ontario, for preparation
and analysis using both fire assay and multi-element ICP
methods. A sample quality control/quality assurance program
utilizing standards and blanks, as well as third-party check
labs has been implemented. Contents of this release were
prepared by and approved for release by Mr. McLeod.
Revolution Resources Corp. is a TSX-listed gold exploration
company (TSX: RV) based in Vancouver, BC, Canada. Well-funded
and with no long-term debt, the Company's current exploration
activities are focused on two flagship projects located in
the Champion Hills district of North Carolina and the
newly-optioned property portfolio of Lake Shore Gold in
Mexico, previously owned by West Timmins Mining.
NR #2012-2
ON BEHALF OF THE BOARD
of Revolution Resources Corp
"Aaron Keay"
President, CEO and Director
For more information please contact: Dylan Berg
Manager, Investor Relations
604-681-5672 direct
604-616-1182 cell dylan@revolutionrc.com
Aaron Keay
President, CEO and Director
604-678-4024 direct
604-323-6911 cell aaron@revolutionrc.com
Forward-Looking Statements: Some statements in this news release contain forward- looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration, development and production activities and their timing, potential mineralization and the anticipated acquisition of property interests. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, receipt of regulatory approvals, completion of anticipated transactions, the timing and success of future exploration, development and production activities, exploration and development risks, expenditure and financing requirements, title matters, third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
NR #2012-2
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