Revolution Resources Intersects 42.4 g/t Au over 0.97m from Cinco Estrellas Mine, Universo Project, Mexico
VANCOUVER, Aug. 2, 2012 /PRNewswire/ – Revolution Resources Corp. TSX: RV (“Revolution” or “the Company”) is pleased to report initial results
have been received from the Universo Property, north-central San Luis
Potosi, Mexico. High grade gold and silver mineralization has been
encountered underneath the Cinco Estrellas Mine, highlighted by 42.4 g/t Au with 68.2 g/t Ag over 0.97 meters in diamond
drill hole UNN12-010.
Sixteen diamond drill holes totalling 3,607 meters were completed, nine
of which were on 75 to 100 meter centers testing the strike and
down-dip extensions of the underground workings below the historic
Cinco Estrellas mine.
To date, Revolution has identified twenty-five surface showings,
prospects, and anomalous zones on the Universo Property. Revolution is
currently interpreting the current results, compiled with geological
and geophysical data to develop further drill targets in the Cinco
“Results from Universo suggest the presence of a hydrothermal
gold-silver system with similarities to large mines and deposits in
this region of Mexico,” said Aaron Keay, President and CEO. “These
high-grade intercepts, coupled with extensive zones of alteration, are
highly encouraging within the same mineral belt that hosts Goldcorp’s
Penasquito to the north and New Gold’s Cerro San Pedro to the south.”
Results are highlighted by drill hole UNN12-010 which intersected 3.95m averaging 11.98g/t Au, including
42.4g/t Au over 0.97m with abundant visible gold, starting at a depth
of 74.88m. This gold bearing zone occurs down-hole from a broader silver
mineralized horizon of 12.89m averaging 26.18g/t Ag, starting at
63.98m. On the same section drill hole UNN12-009 encountered 2.24m of
58.74g/t Ag starting at 66.2m.
Gold and silver mineralization was found to be hosted within caliche
overburden such as in hole UNN12-012 from surface, 16.8m of 0.596g/t Au
and 14.17g/t Ag. Similarly in UNN12-013 75m to the north of hole 012
encountered 14.92m starting at surface with 0.34g/t Au. Deeper within
UNN12-013 at 37.79m is 26.26m of 21.5g/t Ag which contains 11.8m of
34.86g/t Ag starting at 46.87m. Hole UNN12-014 intersected 10.65m
averaging 1.22g/t Au, also within caliche. These strongly anomalous
gold and silver values suggest potential for undiscovered gold-silver
structures under overburden, proximal to the outcropping Cinco
Estrellas and Esquival Zones.
Drill hole UNN12-006 intersected a near surface interval of 1.03g/t Au
over 22.28m with 5.00g/t Ag starting at 8.84m including 4.6m of 4.37g/t
Au over 4.6m and 17.54g/t Ag. The mineralization in this hole is hosted
within a quartz-calcite-hematite veined clastic sequence of
conglomerates and siltstone with several meters of silicified breccia
at the Cinco Estrellas fault contact. This is the southernmost drill
hole completed to-date. Drilling has tested a strike length of over
500m and is open to the north and south along the Cinco Estrellas
This first round of reconnaissance style drilling indicates gold and
silver epithermal mineralization is hosted within a variety of geologic
environments where the combinations of structure and host rock are
instrumental in deposition of high grade precious metals. Host rocks
such as limestone, silty limestone, sandy siltstone, and coarse
volcanic to volcaniclastic rocks of uncertain origins contain silica
replacement overprinted by multiple generations of quartz and calcite
veining, many of which contain gold and/or silver mineralization. Our
surface work to-date focused on structural controls to key alteration
and mineralization, and will continue with integration of drill hole
and surface data into 3-D models as well as integration of geophysics.
Further to the regional prospecting at Universo, the gathering of new
information is geared towards structural and alteration subtleties
along with interpreting geochemical vectors from surface samples.
Complete drill results are as follows:
_______________________________________________________ |Hole ID |From |To |Interval (m)|Au (g/t)|Ag (g/t)| |_________|______|______|____________|________|________| |UNN11-001| 13.23| 17.79| 4.56| | 16.93| |_________|______|______|____________|________|________| |UNN11-001| 128|133.59| 5.59| 0.252| 5.85| |_________|______|______|____________|________|_________| |UNN11-001|176.29|180.84| 4.55| | 12.12| |_________|______|______|____________|________|________| |UNN11-001|234.24|243.39| 9.15| 0.209| 7.42| |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN11-002| 32.95| 37.5| 4.55| 0.213| | |_________|______|______|____________|________|_________| |UNN11-002|168.65|180.85| 12.2| | 15.1| |_________|______|______|____________|________|________| | | |______________________________________________________| |UNN11-003| 18| 19.5| 1.5| 0.238| | |_________|______|______|____________|________|_________| |UNN11-003| 124.1| 134.6| 10.5| | 12.96| |_________|______|______|____________|________|________| |UNN11-003|210.35|213.35| 3| | 20.65| |_________|______|______|____________|________|________| |UNN11-003|221.12|237.62| 16.5| 0.185| 8.24| |_________|______|______|____________|________|_________| |UNN11-004| No significant mineralization| |_________|_____________________________________________| | | |______________________________________________________| |UNN11-005|192.72|197.82| 5.1| | 30.81| |_________|______|______|____________|________|________| | | | | | | | |_________|______|______|____________|________|_________| |UNN12-006| 8.84| 31.12| 22.28| 1.025| 5.0| |_________|______|______|____________|________|_________| |UNN12-006| 25.57| 30.18| 4.61| 4.38| 17.5| |_________|______|______|____________|________|_________| |UNN12-006|180.78|192.47| 11.69| 0.109| | |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN12-007|171.81|184.63| 12.82| 0.088| 1.83| |_________|______|______|____________|________|_________| |UNN12-007|201.65| 209.8| 8.15| 0.151| 3.73| |_________|______|______|____________|________|_________| |UNN12-008| No significant mineralization| |_________|_____________________________________________| | | |______________________________________________________| |UNN12-009| 64.88| 70.75| 5.87| | 29.33| |_________|______|______|____________|________|________| |UNN12-009| 66.2| 68.44| 2.24| | 58.75| |_________|______|______|____________|________|________| |UNN12-009| 98.03| 98.6| 0.57| | 37.6| |_________|______|______|____________|________|________| |UNN12-009| 99.5|100.45| 0.95| 0.8| | |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN12-010| 63.98| 76.87| 12.89| 3.58| 26.18| |_________|______|______|____________|________|_________| |UNN12-010| 74.88| 78.83| 3.95| 11.98| 54.8| |_________|______|______|____________|________|_________| |UNN12-010| 74.88| 75.85| 0.97| 42.4| 68.2| |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN12-011| 69.7| 79.65| 9.95| | 10.3| |_________|______|______|____________|________|________| | | |______________________________________________________| |UNN12-012| 0| 16.8| 16.8| 0.597| 14.17| |_________|______|______|____________|________|_________| |UNN12-012| 69.71| 88.45| 18.74| 0.075| 9.82| |_________|______|______|____________|________|_________| |UNN12-012| 83.85| 88.45| 4.6| 0.128| 19.94| |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN12-013| 0| 14.92| 14.92| 0.337| 1.59| |_________|______|______|____________|________|_________| |UNN12-013| 37.79| 64.05| 26.26| | 21.46| |_________|______|______|____________|________|________| |UNN12-013| 46.87| 58.65| 11.78| | 34.86| |_________|______|______|____________|________|________| |UNN12-013| 69.57| 73.2| 3.63| 0.104| 5.84| |_________|______|______|____________|________|_________| |UNN12-013| 89.5| 90.7| 1.2| 0.278| 1.19| |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN12-014| 0| 10.65| 10.65| 1.22| 2.31| |_________|______|______|____________|________|_________| |UNN12-014| 22.27| 27.24| 4.97| | 12.18| |_________|______|______|____________|________|________| |UNN12-014| 50.3| 70.15| 19.85| | 11.8| |_________|______|______|____________|________|________| |UNN12-014| 63.45| 70.15| 6.7| | 21.45| |_________|______|______|____________|________|________| |UNN12-014| 92.67| 97.6| 4.93| 0.134| 4.25| |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN12-015| 3.05| 6.1| 3.05| 0.325| 9.57| |_________|______|______|____________|________|_________| | | |______________________________________________________| |UNN12-016| 73.2| 78.25| 5.05| | 17.94| |_________|______|______|____________|________|________| |UNN12-016| 74.7| 76.25| 1.55| | 38.3| |_________|______|______|____________|________|________| |UNN12-016| 86.58| 90.93| 4.35| 1.31| 18.22| |_________|______|______|____________|________|_________| |UNN12-016| 89.39| 90.93| 1.54| 3.61| 16.5| |_________|______|______|____________|________|_________|
*True Widths are estimated to be between 80 and 100% of drilled length.
Revolution’s 350,000 hectare Universo Property is centered at the heart
of a 300 kilometer long trend of significant precious and base metal
mines and deposits. The Property is located to the south of the Camino
Rojo gold-silver discovery (Canplats Resources, recently purchased by
Goldcorp) and Goldcorp’s giant Penasquito gold-silver-lead-zinc mine.
Twenty kilometers to the southeast of Universo, the Charcas Mine (Grupo
Mexico) is Mexico’s largest zinc mine; and 100km further south occurs
the New Gold Inc. Cerro San Pedro gold-silver mine. Despite the
Property’s strategic location, only limited modern exploration has been
performed; the last known drilling being eighteen years ago.
Cinco Estrellas is one of several historic mines on the Property.
Historic operations exploited a high-grade gold/silver vein, averaging
approximately one to three meter widths, as well as several parallel
structures. 188 underground channel samples were collected and
previously reported; samples range from 0.002g/t Au to 566g/t Au, averaging 6.9g/t Au, and
0.19g/t Ag to >10,000g/t Ag, averaging 121g/t Ag. Samples range from 0.3 to 1.5 meters in length, extending into the
hanging wall and footwall of the veins. The purpose of the sampling,
which covered significant portions of accessible underground workings,
was to identify metal zonation within the mineralized structure.
Native gold and silver chloride mineralization is commonly observed
within epithermal quartz veins in the underground workings. Gold and
silver mineralization is found not only within the broad vein structure
but also well into the hanging wall and foot wall rocks.
Ongoing mapping and sampling are refining new target areas at Universo.
This includes prospects such as Chiqui, located 15km south of Cinco
Estrellas and Salitrillo, located 35km to the north-northwest where
historic samples and cursory mapping outlines large areas of jasperiod
altered limestone, structurally controlled antimony mineralization and
associated gold collected by previous operators up to 7.0g/t Au and
multiple of >1.0g/t Au samples. Newly recognized and altered high level
intrusive rocks with diatreme characteristics have been identified in
proximity to the gold-antimony prospects at Chiqui. Further
investigations are underway within and peripheral to the intrusives.
The significance of these intrusive units is that they suggest a
similar geologic setting to the Camino Rojo and Penasquito deposits
located to the north of Universo. The bulk of precious and base metal
mineralization at Penasquito is hosted within a pair of high level
intrusive pipe-like diatremes with intermediate to felsic composition
that display high level clay-sericite alteration.
The Company recently completed underground sampling on the historic
Cinco Estrellas mine to a depth of roughly 70m and 7 levels. Extension
to the underground workings along strike and at Cinco Estrellas had
never been drilled prior to this first phase program.
Maps, diagrams and photos from the Universo Property are available on
the Company’s website at www.revolutionresourcescorp.com.
The Company has ongoing community and local stakeholder dialogue in the
Universo area, including surface access agreements recently signed with
multiple Ejido groups and several surface land owners.
Revolution’s 2012 exploration program at Universo will has been
performed 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 are cut in half using a diamond saw, with one
half placed in sealed bags, and delivered to ALS-Chemex facilities
and/or Activation Laboratories 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 will be implemented. Contents of this
release were prepared by and approved for release by Mr. McLeod.
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.
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
SOURCE Revolution Resources Corp.
Image with caption: “Cinco Estrellas, Universo Project, Mexico Drilling Location Map (CNW Group/Revolution Resources Corp.)”. Image available at: http://photos.newswire.ca/images/download/20120802_C4365_PHOTO_EN_16577.jpg