Revolution Resources Corp ( OTCQX: RVRCF; TSX:RV) announced today that recent drilling at the Champion Hills project in North Carolina continues to define and expand near-surface gold mineralization at the Company’s Loflin and Jones-Keystone deposits.
The recently completed drill program focused on defining and expanding recent discoveries made by Revolution at Champion Hills. The Company intends to begin an initial NI 43-101 compliant resource estimate in Q3, 2012. Numerous significant shallow intersections confirm a significant near-surface gold system at Champion Hills (the majority of intercepts occur less than 100 meters below surface). Both Loflin and Jones-Keystone remain open to expansion at depth and along strike. Revolution is in the final stages of completing the Company’s 2012 exploration program and will provide updated guidance in the coming weeks.
Highlights from the recent drilling include:
- LF11-030: 32.0 meters averaging 1.34 g/t Au
- LF11-031: 29.0 meters averaging 1.12 g/t Au
- JK11-036: 15.0 meters averaging 1.36 g/t Au
- JK11-048: 34.5 meters averaging 1.11 g/t Au
In the release, Aaron Keay, President and CEO of Revolution stated: “Given our close proximity to infrastructure and continued success intercepting mineralization close to surface at both Loflin and Jones-Keystone, we feel that it is important to begin looking at economic factors that will determine the viability of Champion Hills. In addition to the NI 43-101 report, we intend to begin base line economic studies at Loflin and Jones-Keystone.”