PST-V Revolver Resources (RZ-V) has received the drilling permits from the B.C. Ministry of Energy and Mines. The permits will allow Revolver to initiate the proposed 1,000-metre to 1,200-metre drill program on its Summit B property. Revolver has commissioned Black Hawk Diamond Drilling Ltd. and UTM Exploration Services from Smithers, B.C., to conduct the drilling program. About Summit B Property:
The 1,394 hectare (3,446 acre) Property is located in the Iskut area of northwestern British Columbia, Canada, and is contiguous with Colorado Resources Ltd.'s ("Colorado") North Rok copper-gold property (the "North Rok Property"). Colorado's recent North Rok Property discovery hole intersected 242 metres grading 0.63% copper and 0.85 g/t gold. More complete details can be found in Colorado's news release dated April 25, 2013. The Summit B property is also 20 kilometres northwest of Imperial Metals Red Chris Copper-Gold project.
Revolver recently completed an IP (resistivity/chargeability) survey carried out on its Summit B property located in the Iskut area of northwestern British Columbia, Canada. The model reveals a strong 2.0 km long-500 m wide, NW-oriented ovoid chargeability anomaly with values reaching over 35 mV/V accompanied by low resistivity signatures. It extends from shallow depth (less than 100 m) to at least 500 m and is open at both the NW and SE ends. Surface geology indicates the high chargeability/low resistivity anomaly is spatially related to Cu-Au bearing disseminated sulphide bodies and stockworks distributed within fault zones. Recent rock and chip sampling of historic mineralized trenches generated substantial Cu assay values ranging from 0.1 to 1.5 wt. %. Gold is significantly enriched, highlighted by several concentrations greater than 3 g/t Au; i.e. 3.0 g/t, 17.9 g/t, 12.3 g/t, 10.9 g/t. Pervasive hematite-ankerite-silica alteration affected the sheared volcanosedimentary rocks. Revolver Resources intends to initially test the anomaly by conducting a 1,000 m drilling campaign.
Technical information in this news release has been prepared and/or revised by Michel Boily, PhD, PGeo, and qualified person as defined in NI 43-101. |
