Revolver Resources Provides Update of NI 43-101 Report on Summit B Property
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/14/13 -- Revolver Resources Inc. (TSX VENTURE: RZ) ("Revolver") is pleased to announce that it is in the process of completing a National Instrument 43-101 ("NI 43-101") compliant technical report related to its press release issued on May 17th, 2013, where Revolver entered into an option agreement with Pistol Bay Mining Inc. whereby Revolver may earn a 60% interest on the Summit B property ("Property").
The NI 43-101 report will present the result of a rock, soil and silt sampling program that resulted in the recognition of two NW-oriented gold-arsenic-copper mineralized fault structures yielding high precious metal values such as 17.9 g/t Au/18.5 g/t Ag, 10.9 g/t gold/15.9 g/t silver and Cu content of 0.2 to 1.5 wt.%. These structures may extend up to 1.5 km in length.
The 1,394 hectare (3,446 acre) Property is located in the Iskut area of northwestern British Columbia, Canada, and is contiguous with Colorado Resources Ltd.'s ("Colorado") North Rok copper-gold property (the "North Rok Property"). Colorado recently announced (June 12th, 2013) that it is about to begin a $2 million dollar, 5,000 m drill program 1 km north of Colorado's recent discovery hole which intersected 242 metres grading 0.63% copper and 0.85 g/t gold. The new drill program will be around 2 km away from Revolver's contiguous Property. The Summit B property is also located 20 kilometres northwest of Imperial Metals Red Chris Porphyry Copper-Gold project (Reserves of over 300 million tonnes grading 0.359% copper and 0.274 g/t gold; ).
About Revolver Resources Inc.:
Revolver recently announced it has entered into an option agreement with Pistol Bay Mining Inc. whereby Revolver may earn a 60% interest in the Summit B property (For more information on the option agreement see the Revolver press release dated May 17th, 20 The B.C. Minfile description of the Kitty occurrence reports historic work including 9 bulldozer trenches over an area of 170 by 5 metres (B.C. Assessment Report 21416) and historic results from surface grab samples as high as 8.98% copper, 24.5 g/t silver and 0.045 g/t gold. Grab samples as high as 1.61 g/t gold and 0.6% copper have been returned from another showing approximately 50 metres southwest of the bulldozed trench area. Previous exploration programs had focused on copper exploration, outlining a trend of roughly 100 metres of strongly anomalous copper values from rock sampling. Although copper was the main focus, rock sampling also returned several high gold values, including 4.95 g/t gold, along a parallel zone roughly 30 metres southwest of the main trend.
Technical information in this news release has been prepared and/or revised by Michel Boily, PhD, P Geo, and qualified person as defined in NI 43-101.
For further information on Revolver please visit our website at .
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
Neither TSX Venture Exchange nor its regulation service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Revolver Resources Inc.
Robert L. Birmingham
President
(778) 331-2025
(604) 683-5309 (FAX)
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Datum: 14.06.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 269803
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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