Revolver Resources : Drill Assays Confirm Very High Copper Grade at Dianne

Revolver Resources Holdings Ltd	Phone [phone]
L23, 240 Queen Street	[e-mail]
Brisbane Queensland 4000	revolverresources.com.au
ASX:RRR
ASX RELEASE

28 April 2022

Drill Assays Confirm Very High Copper Grade at Dianne

Impressive initial drill assays confirm high to very high-grade Copper,

Zinc, Gold, Silver and Cobalt intersections at Dianne

Highlights

• • Assays confirm very high-grade copper in massive sulphide with significant adjacent fracture stockwork halo of Green Hill oxide / supergene copper mineralisation.

• • Massive Sulphide Hole 22DMDD09; 3.5m* at 13.87% Cu, 0.48% Zn, 0.28 g/t Au, 22.3 g/t Ag, 385 ppm Co from 96.55m, including:

  • o 1.0m* at 19.80% Cu, 0.87% Zn, 0.30 g/t Au, 33.4 g/t Ag, 384 ppm Co, and

  • o 1.2m* at 16.55% Cu, 0.44% Zn, 0.26 g/t Au, 19.6 g/t Ag, 420 ppm Co.

• • Massive Sulphide Hole 21DMDD03; 6.95m* at 5.46% Cu, 7.59% Zn, 0.17 g/t Au, 37.0 g/t Ag, 562 ppm Co from 145.95m, including:

  • o 4.2m* at 5.86% Cu, 9.73% Zn, 0.18 g/t Au, 38.3 g/t Ag, 574 ppm Co.

• • Significant adjacent Green Hill oxide intercepts from surface including:

  • o Hole 22DMDD09; 50.0m* at 0.91% Cu from 13.0 m, including:

  • o Hole 21DMDD02; 49.0m* at 0.97% Cu from 0.0 m, and

  • o Hole 21DMDD01; 28.1m* at 0.40% Cu from 0.0 m and 24.2m* at 0.62% Cu from 36.5m.

• • Assay results pending for remaining 8 diamond holes completed as part of the 17 hole, 2994m program.

  * Estimated True Width = ETW

REVOLVER RESOURCES HOLDINGS LIMITED (ASX: RRR) ("Revolver" Or "The Company") is pleased to report that the laboratory assay results have been received for the initial holes drilled in the very successful recent 2,994m, 17-hole diamond drill campaign at the 100% owned Dianne Copper Project in the Palmer River Region of Far North Queensland.

Revolver Resources Holdings Ltd

L23, 240 Queen Street, Brisbane Queensland 4000 Phone [phone] revolverresources.com.au | ASX: REV

Summary Image 1: 22DMDD09 98.95-101.5m Massive pyrite chalcocite with minor relict chalcopyrite, bornite and sphalerite.

Summary Image 2 -21DMDD03 Massive chalcopyrite, sphalerite, pyrite intersection from 145.95m.

Revolver's Managing Director, Pat Williams said:

"We are very pleased to be in a position to release the assay results for the initial Dianne diamond drill holes. In the massive sulphide intersections we not only demonstrate a number of very high grade intersections, but the rich poly metallic nature of the mineralisation is a very encouraging bonus.

These are truly remarkable copper grades. We have clearly shown, and now measured, the characteristics of the mineralisation at Dianne. We are building a comprehensive body of knowledge about the characteristics and style of mineralisation at the project and see growing similarities with deposits like Golden Grove and DeGrussa. Our accumulated knowledge, results and exploration efforts to date have positioned us to be very clear about the techniques needed to identify the continuation of such massive sulphide systems.

In addition to the outstanding massive sulphide results, we are now clearly defining a broad zone of continuous copper oxide mineralisation immediately adjoining the very high grade massive sulphide lens. These coincident zones of mineralisation present us a wide variety of potential pathways to take the Dianne project forward.

Our near term exploration efforts now have the dual focus to continue the identification of extensions and repeats of the massive sulphide lens as well as determining the extent of the Green Hill oxide mineralisation zone.

L23, 240 Queen Street, Brisbane Queensland 4000

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Our drilling shows that the sulphide mineralisation remains open at depth. We have 10 PVC cased diamond drill holes ready for a down hole electromagnetic program in May, which is a primary exploration technique for identifying continued near-hole massive sulphides. We look forward to delivering near term updates on this work, the remaining assay results and our progress towards the initial JORC Mineral Resource Estimate."

Revolver Resources Limited (ASX: RRR) ("Revolver" or "the Company") an Australian exploration company focused on the development of copper for the world's accelerating electrification, is pleased to announce very encouraging drill intersections of copper (zinc-gold-silver-cobalt) from the initial holes from the opening drill program at the Dianne Copper project, north east mineral province, far north Queensland (Figure 1).

L23, 240 Queen Street, Brisbane Queensland 4000

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Figure 1: Plan of Dianne Project with Massive Sulphide and Green Hill Deposits

L23, 240 Queen Street, Brisbane Queensland 4000 Phone [phone] revolverresources.com.au | ASX: REV

Massive Sulphide Mineralisation: Assay Results for Holes 21DMDD03, 4A, 05, 22DMDD08, 09

Drill holes 21DMDD03, 4A, 05, 22DMDD08 and 09 have intersected the Massive Sulphide horizon at Dianne (Figures 1, 2, 3 and 4). Hole 22DMDD09 confirming the presence of the high to very high-grade massive sulphide copper (zinc-gold-silver-cobalt) mineralisation historically mined from underground at Dianne as "direct shipping ore" transported to Japan for smelting2.

Best intersections received from Revolvers drilling (Table 1) to date are from hole 22DMDD09 that intersected chalcocite rich supergene massive sulphide mineralisation returning.

• • 5.15 m (3.5 m ETW) at 13.87% Cu, 0.48% Zn, 0.28 g/t Au, 22.3 g/t Ag, 385 ppm Co from 96.55 m

Including two intercepts of;

• • 1.45 m (1.0 m ETW) at 19.80% Cu, 0.87% Zn, 0.30 g/t Au, 33.4 g/t Ag, 384 ppm Co and

• • 1.7 m (1.2 m ETW) at 16.55% Cu, 0.44% Zn, 0.26 g/t Au, 19.6 g/t Ag, 420 ppm Co

Drill Hole 21DMDD03 intersected the primary Massive Sulphide mineralisation with pyrite-chalcopyrite-sphalerite returning.

• • 6.95 m (2.7 m ETW) 5.46% Cu, 7.59% Zn, 0.17 g/t Au, 37.0 g/t Ag, 562 ppm Co, from 149.95 m

Drill holes 21DMDD05 and 22DMDD08 also intersected the Massive Sulphide horizon showing that while thinner in these holes, the massive sulphide is open to depth and may plunge to the northeast where a single historic drill hole is interpreted to have deviated before intersecting the massive sulphide target zone.

Broad zones of anomalous zinc mineralisation have been intersected in the foot and hanging walls and along strike of the massive sulphide lens and is interpreted as a zinc halo to the copper mineralisation. 22DMDD13 and 14 (Figure 1) have intersected this style of "halo" mineralisation, reinforcing potential for extensions or repeats of Massive Sulphide mineralisation to depth and to the south1.

Down Hole ElectroMagnetic (DHEM) geophysics is a well-established exploration tool for targeting concealed or down dip mineralisation in massive sulphide deposits, that in a global context tend to occur as multiple lenses clustered in "massive sulphide camps". Revolver has contracted Brisbane based Gap Geophysics to undertake a 10 hole DHEM survey and near pit surface EM survey during May 2022 to assist Revolvers exploration team to vector the next round of deeper drilling toward areas of potential thickening of or adjacent concealed massive sulphide lenses.

L23, 240 Queen Street, Brisbane Queensland 4000

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