VANCOUVER, June 22, 2011 /CNW/ - Revolution Resources Corp ("Revolution" or "The Company") is pleased to announce that the 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 meters averaging 6.10 g/t Au and
258.65g/t Ag, including 7.93 meters averaging 16.06 g/t Au and 698.66
g/t Ag. The interval also includes 1.5 meters 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 meters 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 25km long Champion Hills Trend," said Aaron Keay,
President and CEO 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 meter long, 10 meter
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 meters west of the discovery
outcrop, and drilled at a 45˚ dip angle towards 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 1960's traced mineralization down to 550 meters
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 meters averaging 4.20 g/t Au, 35.6 g/t Ag and
4.2% Cu starting at 295 meters down hole. SH11-02 encountered 1.0
meters averaging 2.8 g/t Au, 106 g/t Ag, 13.45% Pb and 22.40% 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 1990's BHP completed IP geophysics mapping and
sampling as well as 1,858 meters of core drilling in 12 wide-spaced
holes, targeting bulk tonnage gold mineralization. This work
identified a 750 meter long gold/silver in soil anomaly (>100 ppb Au)
and coincident IP chargeability anomaly. Historic drill results
include: 30.2 meters averaging 3.68 g/t Au and 9.74 g/t Ag, and 13.4
meters averaging 0.31 g/t Au and 17.75 g/t Ag.
Drilling intersected wide zones of anomalous (>3000 ppm Zn and Pb), that
were also anomalous in Au and Ag. SV11-01 intersected 8.0 meters
averaging 0.61 g/t Au, 21.11 g/t Ag, 0.86% Pb and 1.21% 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 as follows:
Hole-ID | Target | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu % | Pb % | Zn % |
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 meters 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 at www.revolutionresourcescorp.com.
About the Champion Hills Project
The Champion Hills Property is comprised of multiple historic pits and
workings within a 25 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 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 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. 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 at www.revolutionresourcescorp.com.
About Revolution
Revolution's 2011 exploration program at Champion Hills is performed
under the supervision of Katie Lucas, P.Geo. and Robert McLeod, P.Geo,
Director of Revolution, both 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, and delivered to ALS-Chemex
accredited facilities in Reno, Nevada 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.
ON BEHALF OF THE BOARD
"Aaron Keay"
President, CEO and Director
Forward-Looking Statements: This Revolution Resources Corp. News Release
may contain certain "forward-looking" statements and information
relating to Revolution which are based on the beliefs of Revolution
management, as well as assumptions made by and information currently
available to Revolution management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors
including, without limitations, exploration and development risks,
expenditure and financing requirements, title matters, 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. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove
incorrect, actual results may vary materially from those described
herein.
<p align="justify"> Dylan Berg<br/> Manager, Investor Relations<br/> 604.681.5672 office<br/> 604.616.1182 mobile<br/> <a href="mailto:dylan@revolutionrc.com">dylan@r</a><a href="mailto:dylan@revolutionrc.com">evolutionrc.com</a> </p> <p align="justify"> Aaron Keay<br/> President, CEO and Director<br/> 604.678.4024 office<br/> 604.323.6911 mobile<br/> <a href="mailto:aaron@revolutionrc.com">aaron@rev</a><a href="mailto:aaron@revolutionrc.com">olutionrc.com</a> </p>