Mr. Aaron Keay reports
REVOLUTION DISCOVERS NEW ZONE AT CHAMPION HILLS DISTRICT,
INTERSECTS 22.5 METERS AVERAGING 6.10 G/T AU, 258.7 G/T AG AT SURFACE
Revolution Resources Corp.'s initial drill hole at the Jericho Hill
prospect has discovered a new zone at the company's Champion Hills
project by intersecting high-grade gold and silver mineralization
starting at surface. Drill results from the Silver Hill and Silver
Valley targets have also been received.
Jericho Hill
Drill hole JH11-01 intersected 22.53 metres averaging 6.10 grams per tonne gold and
258.65 g/t silver, including 7.93 metres averaging 16.06 g/t Au and 698.66
g/t Ag. The interval also includes 1.5 metres averaging 56.6 g/t Au and 2,430
g/t Ag. The mineralized intersection started at the base of saprolite (weathered rock) at 28.5 metres depth
and was not initially analyzed, however has now been sent for assay.
"These results, coupled with our previous discoveries at the Loflin and
Jones Keystone zones, continue to suggest the potential for new
discoveries along the 25-kilometre-long Champion Hills trend," said Aaron Keay,
president and chief executive officer of Revolution Resources. "We intend to aggressively
follow up on these discoveries immediately by adding a second drill
rig."
The Jericho Hill target is a newly discovered occurrence of gold- and
silver-rich altered and veined sediments, with no previous known
history of exploration or lode production. The area has been
historically mined for alluvial gold. During the fall of 2010, the
company collected eight grab samples from a 20-metre-long, 10-metre-wide area of outcrop. Select samples include 6.23 g/t Au and 273 g/t Ag, 4.05 g/t Au and 130 g/t Ag, and 1.76 g/t Au
and 898 g/t Ag. Samples range from trace values to 6.23 g/t Au and
898 g/t Ag, averaging 1.8 g/t Au and 189.5 g/t Ag. Drill hole JH11-01 was collared 90 metres west of the discovery
outcrop, and drilled at a 45-degree dip angle toward the surface showing.
Current interpretation is that the mineralized zone has a subhorizontal
orientation.
Mineralization at Jericho Hill is typified by deformed quartz veins
within a metavolcanic rock, with disseminated pyrite, chalcopyrite,
galena, sphalerite and tellurides within the veins and host rock.
Silver Hill
Six drill holes were complete at the Silver Hill property, located at
the western end of the Champion Hills trend. The Silver Hill mine was
one of the earliest lode gold and silver mines in the Carolina slate
belt, with production from 1838 until 1912. The mine was famous for
spectacular supergene native gold and silver specimens, some of which
are displayed in the Smithsonian institution. The deposit is
interpreted to be a precious-metal-rich volcanogenic massive sulphide
deposit (VMS) style. Historic drilling and underground drifting by
Tennessee Copper in the 1960s traced mineralization down to 550 metres
below surface.
Three drill holes intersected intervals of precious- and base-metal-rich
massive sulphides, with both copper- and zinc-rich zones. Drill hole
SH11-01 intersected 1.0 metre averaging 4.20 g/t Au, 35.6 g/t Ag and
4.2 per cent Cu starting at 295 metres downhole. SH11-02 encountered 1.0
metre averaging 2.8 g/t Au, 106 g/t Ag, 13.45 per cent lead and 22.40 per cent Zn.
Drill holes SH11-04 to 06 tested surface geochemical anomalies and did
not intersect significant mineralization.
Revolution plans on completing additional surface mapping and downhole
geophysical surveys prior to follow-up drilling at Silver Hill.
Silver Valley
Five drill holes were completed at the Silver Valley base and precious
metal target. Silver Valley is located approximately three kilometres
south and on trend with the Silver Hill mine, and was the site of
historic underground production for lead, gold and silver.
Mineralization within dump material includes sediment- and volcanic-hosted massive and semi-massive sulphides, similar to the Silver Hill
mine. During the early 1990s BHP completed induced polarization geophysics, mapping and
sampling, as well as 1,858 metres of core drilling in 12 wide-spaced
holes, targeting bulk-tonnage gold mineralization. This work
identified a 750-metre-long gold/silver-in-soil anomaly (greater than 100 parts per billion Au)
and coincident IP chargeability anomaly. Historic drill results
include: 30.2 metres averaging 3.68 g/t Au and 9.74 g/t Ag, and 13.4
metres averaging 0.31 g/t Au and 17.75 g/t Ag.
Drilling intersected wide zones of anomalous (greater than 3,000 parts per million Zn and Pb) that
were also anomalous in Au and Ag. SV11-01 intersected 8.0 metres
averaging 0.61 g/t Au, 21.11 g/t Ag, 0.86 per cent Pb and 1.21 per cent Zn. Drilling
and surface mapping suggest that the host volcanic and sedimentary
rocks at Silver Valley have been extensively folded, with possible
remobilization of sulphide minerals. The company plans on completing
additional surface work to finalize follow-up drilling within this
large system of alteration.
Complete drill results are in the table.
Hole ID Target From To Length Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (%) (%) (%)
JH11-001 Jericho 28.50 51.03 22.53 6.10 258.65
including 43.10 51.03 7.93 16.06 698.66
and 47.00 48.50 1.50 56.60 2430.00
SH11-01 Silver Hill 287.00 290.00 3.00 0.19 3.53 0.13 0.14 4.78
295.00 303.00 8.00 1.60 11.59 0.58 0.42 1.12
including 295.00 296.00 1.00 5.69 35.60 4.20 0.01 0.62
SH11-02 Silver Hill 232.00 234.00 2.00 3.39 18.00 0.33 0.89 10.26
including 233.00 234.00 1.00 6.58 22.80 0.57 0.20 6.66
238.00 242.00 4.00 1.39 37.28 0.10 4.66 8.47
including 241.00 242.00 1.00 2.80 106.00 0.33 13.45 22.40
SH11-03 Silver Hill 332.00 340.38 8.38 2.84 6.44 0.03 0.31 1.01
including 339.00 340.38 1.38 2.53 31.32 0.13 1.59 5.62
SH11-04 Silver Hill No significant intercepts
SH11-05 Silver Hill No significant intercepts
SH11-06 Silver Hill No significant intercepts
SV11-01 Silver Valley 14.00 22.00 8.00 0.61 21.11 0.05 0.86 1.21
SV11-02 Silver Valley No significant Intercepts
SV11-03 Silver Valley No significant intercepts
SV11-04 Silver Valley 78.00 80.00 2.00 0.22 62.90 0.05 0.35 0.53
SV11-05 Silver Valley 14.00 18.00 4.00 2.12 1.70 0.02 0.01 0.06
True widths are unknown.
To date, Revolution has completed 16,000 metres of core drilling in
North Carolina. With the current widespread extent of gold
mineralization identified to date at Champion Hills, the company wishes
to accelerate the exploration program. In addition, to test new
targets that have never received previous drilling, such as Jericho
Hills, drilling will expand the Loflin and Jones-Keystone areas, where
mineralization remains wide open to expansion in all directions. The
second drill rig is expected to be on site during mid- to late June,
2011.
A property location map and drill hole plans can be viewed on the
company's website.
About the Champion Hills project
The Champion Hills property comprises multiple historic pits and
workings within a 25-kilometre-long trend in North Carolina. The
project occurs within the Carolina slate belt, which hosts most of the
major gold mines in the southeastern United States. 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 quartz-sericite-pyrite-altered volcanic
rocks, associated with northeast-trending shear zones.
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 1800s, with small-scale production from
many small operations. Mining continued in the area through the 1930s
depression era. Noranda explored Champion Hills for shallow, open-pit
gold deposits from 1989 to 1992, completing 23 core holes totalling
2,936 metre. This drilling encountered multiple drill intercepts
ranging between 0.5 to 1.3 g/t Au over long intervals, including
several holes that were abandoned in mineralization at depth.
Complete historic results can be viewed on the company's website.
We seek Safe Harbor.
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