Revolution Resources Announces Assay Results From Drilling at La Bufa Copper-Gold-Silver Project, Mexico
24.08.2012 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/24/12 -- Revolution Resources Corp. (TSX: RV) ("Revolution" or "the Company") is pleased to report assay results from shallow reconnaissance drilling at its La Bufa Property in southwestern Chihuahua, Mexico.La Bufa
Revolution's 18,000 hectare La Bufa Property is located 30 km east of Goldcorp's El Sauzal mine, and is centered on the historic Carmen copper-gold mine. The La Bufa property also includes the historic Golondrina and San Fernando mines and Revolution's newly identified Cazadores prospect. Prior to this initial phase of work, only limited surface exploration and no drilling was performed on the Property.
This initial phase of drilling (1,485 meters of core drilling) tested multiple vein targets in 11 drill holes. Reconnaissance-style drilling was conducted over a variety of targets spread out over a six kilometer area with results received on the Carmen, Cazadores, San Fernando, and Golondrina targets. Highlights include: 21.3 g/t Au, 40.2 g/t Ag, and 2.41% Cu over 0.25m in LB12-004 at Carmen and 4.85 g/t Au, 6.67 g/t Ag, and 1.06% Cu over 0.5m in LB12-010 at Golondrina.
"These drill results demonstrate multiple mineralized structures with significant thickness, strike and dip length," said Rob McLeod, VP Exploration. "Coupled with the recently announced new, high-grade surface discoveries, we feel there is excellent potential at La Bufa for high-grade vein-hosted deposits."
Carmen Mine
The Carmen deposit historically produced approximately one million tonnes grading 2.5% Cu, 2.9 g/t Au and 2.8 g/t Ag between 1947 and 1958 from a vein system with vertical development from 1500m to 1100m elevation. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.
The main Carmen vein, along with multiple parallel mineralized structures such as the Herradura and Oro Azul veins, can be traced to surface and along strike to the north for over 800 meters. These recent shallow drill holes trace an un-mined and undrilled section of the Carmen mineralized system that remains open at depth and to the north.
The Herradura vein was tested with holes LB12-001, 004, and 005 and is highlighted by the results in drill hole LB12-004 with 21.3 g/t Au, 40.2 g/t Ag, and 2.41% Cu over 0.25m at a depth of 78.55m. This hole also includes 3.9m averaging 0.24g/t Au, 8.02 g/t Ag, and 1.89% Cu and 16.4m of 0.67g/t Au, 3.7g/t Ag, and 0.78% Cu. Drill hole LB12-005 encountered 6.25m averaging 0.51 g/t Au and 0.642% Cu and drill hole LB12-001 intercepted 0.86% Cu and 0.16 g/t Au over 5.45m. The Herradura vein displays good continuity of over 400m strike length as all three holes encountered thick quartz vein widths in a shallow and locally oxidized setting. The vein is open in all directions.
Drill hole LB12-002 tested the intersection of the Herradura and Oro Azul vein, intercepting 1.45m of 2.906 g/t Au 10.43 g/t Ag, and 0.78% Cu within 5.35m of 1.255 g/t Au, 5.14 g/t Ag, and 0.70% Cu.
Three holes were completed at the San Fernando and Golondrina vein targets with each hole intersecting the mineralized structures. Drill hole LB12-008 intersected 0.5m averaging 5.6 g/t Au and 0.238% Cu; LB12-009 intersected 0.5m at 5.72 g/t Au and 0.05% Cu; and LB12-010 intersected 0.5m with 4.85 g/t Au, 6.67 g/t Ag, and 1.06% Cu.
Complete results from the 2012 La Bufa Property drilling as follows:
--------------------------------------------------------------------------
Au Ag Cu
Hole ID Prospect Vein From To Length (g/t) (g/t) (%)
--------------------------------------------------------------------------
LB12-001 Carmen Herradura 73.40 85.60 12.20 0.12 nil 0.55
--------------------------------------------------------------------------
77.75 83.20 5.45 0.16 nil 0.86
--------------------------------------------------------------------------
LB12-002 Carmen Oro Azul 71.00 72.45 1.45 2.906 10.43 0.78
--------------------------------------------------------------------------
70.00 77.35 7.35 0.97 3.96 0.58
--------------------------------------------------------------------------
71.50 89.00 17.50 0.44 1.92 0.55
--------------------------------------------------------------------------
LB12-003 Carmen Oro Azul 91.90 92.75 0.85 0.63 1.34 0.61
--------------------------------------------------------------------------
LB12-004 Carmen Herradura 78.55 78.80 0.25 21.3 40.2 2.41
--------------------------------------------------------------------------
77.30 93.70 16.40 0.674 3.7 0.78
--------------------------------------------------------------------------
LB12-005 Carmen Herradura 54.85 61.10 6.25 0.51 nil 0.64
--------------------------------------------------------------------------
49.85 62.00 12.15 0.03 nil 0.46
--------------------------------------------------------------------------
LB12-006 Carmen Carmen 78.55 80.00 1.45 0.07 0.45 0.70
--------------------------------------------------------------------------
LB12-007 Carmen Carmen No significant results
--------------------------------------------------------------------------
LB12-008 San San
Fernando Fernando 68.50 96.50 1.00 0.461 nil 0.04
--------------------------------------------------------------------------
80.55 82.55 2.00 0.441 nil 0.0245
--------------------------------------------------------------------------
100.15 100.65 0.50 5.60 nil 0.238
--------------------------------------------------------------------------
120.25 122.0 1.75 0.761 nil 0.01
--------------------------------------------------------------------------
LB12-009 San San
Fernando Fernando 70.00 76.20 6.20 1.045 nil 0.04
--------------------------------------------------------------------------
73.25 73.75 0.50 3.66 nil 0.10
--------------------------------------------------------------------------
75.25 75.75 0.50 5.72 nil 0.05
--------------------------------------------------------------------------
110.15 111.50 1.35 nil nil 0.23
--------------------------------------------------------------------------
LB12-010 Golondrina Golondrina 83.00 87.00 4.00 1.23 1.28 0.355
--------------------------------------------------------------------------
84.50 85.00 0.50 4.85 6.67 1.06
--------------------------------------------------------------------------
92.00 94.00 2.00 0.395 nil 0.20
--------------------------------------------------------------------------
118.00 122.00 4.00 0.074 1.12 0.40
--------------------------------------------------------------------------
LB12-011 Cazadores Cazadores No significant results
--------------------------------------------------------------------------
(i)True widths are estimated at 75 to 90% of drilled length.
This first ever shallow reconnaissance drilling program demonstrates the viability of continuing exploration for similar veins on the La Bufa property, as well as advancing additional exploration along the Carmen, San Fernando, and Golondrina vein systems with additional drilling. The recently announced discovery at the Don Julio, Hornitos, and Panalito prospects warrant further exploration work. The new drill data, along with very recently acquired underground geochemical maps will be fully integrated into a 3-D model for the La Bufa Property.
The veins at La Bufa are similar to other vein-hosted deposits and mines in Mexico, displaying significant vertical and strike length. Adjacent to the Property, the Batopilas silver veins have been mined underground for over 400 years. This analog, coupled with the numerous undrilled copper, silver and gold veins identified to date on the property suggests excellent potential at the La Bufa Property.
Maps, diagrams and photos from the La Bufa targets are available on the Company's website at www.revolutionresourcescorp.com.
The Company has completed extensive community and local stakeholder dialogue in the La Bufa area, which includes surface access agreements recently signed with multiple Ejido groups.
Revolution's 2012 exploration program at La Bufa has been completed under the supervision of Rob McLeod, P.Geo and Director of Revolution and Katie Lucas, P.Geo., both Qualified Persons as defined by NI 43-101. Drill cores were cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Chihuahua 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 was implemented. Contents of this release were prepared by and approved for release by Mr. McLeod.
About Revolution
Revolution Resources Corp. is a TSX-listed 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 gold and silver in the historic belts of Mexico and the USA.
ON BEHALF OF THE BOARD of Revolution Resources Corp.
Aaron Keay, President
CEO and Director
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, the announcement of results, the anticipated acquisition of property interests and expected share issuances. 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.
Contacts:
Revolution Resources Corp.
Dylan Berg, Manager, Investor Relations
604-681-5672 direct or 604-616-1182 cell
dylan@revolutionrc.com
Revolution Resources Corp.
Aaron Keay, President, CEO and Director
604-678-4024 direct or 604-323-6911 cell
aaron@revolutionrc.com
www.revolutionresourcescorp.com