Revolution Announces High Grade Surface and Underground Assay Results from Mexico
VANCOUVER, May 22, 2012 /CNW/ - Revolution Resources Corp. TSX:RV ("Revolution" or "the Company") is pleased to report that the Company has advanced the exploration program after receiving high grade surface and underground sampling results at its La Bufa and Universo Properties in Mexico. High grade gold, silver and variable copper mineralization suggests multiple prospective epithermal targets and extensions to the historically producing Carmen Mine at La Bufa and the Cinco Estrellas Mine at Universo. Drilling is currently underway.
Revolution focused on underground sampling on the historic Cinco Estrellas mine (one of several historic mines on the Universo Property). Historic operations mined a high-grade gold-silver vein, averaging approximately one to three meter widths, and several parallel structures. In total, 188 underground channel samples were collected; samples range from 0.002 g/t Au to 566 g/t Au, averaging 6.9 g/t Au, and 0.19 g/t Ag to >10,000 g/t Ag, averaging 121 g/t Ag. Samples range from 0.3 to 1.5 meters in length, extending into the hanging wall and foot wall 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. Extensions to the underground workings along strike and down-dip at Cinco Estrellas have never been drilled.
Revolution's 350,000 hectare Universo Property is located at the heart of a 300 kilometer long trend of significant precious and base metal mines and deposits (see Revolution's website for maps and pictures www.revolutionresourcescorp.com). The Property is located to the south of the Camino Rojo gold-silver discovery (Canplats Resources, recently purchased by Goldcorp) and Goldcorp's 88 million oz gold eq. Penasquito gold-silver-lead-zinc mine (Goldcorp reserves and resources cited as of December 31, 2010, retrieved from www.goldcorp.com). 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. Limited modern exploration has been performed at Universo; the last known drilling being eighteen years ago.
La Bufa Property
A second phase of surface and underground mapping, combined with systematic sampling, has been completed on the 18,000 hectare Property. The main Carmen vein, along with multiple parallel mineralized structures, can be traced to surface and along strike to the north for 800 meters. The unmined and undrilled section of the Carmen mineralized system remains open at depth and to the north.
Surface grab and chip sampling results along the 800 meter strike length returned results of 9.32 g/t Au, 5.45 g/t Ag, 1.49% Cu; 13.45 g/t Au, 12.90 g/t Ag, 3.90 % Cu; 4.46 g/t Au, 293.0 g/t Ag, 6.77 % Cu and 1.07 g/t Au, 118.0 g/t Ag, 7.77% Cu. A total of 78 surface samples were collected in the vicinity of the Carmen mine with ranges of 0.002 to 13.45 g/t Au, 0.005 to 293.0 g/t Ag and 0.001 to 7.77% Cu, and average assay values of 0.86 g/t Au, 7.26 g/t Ag and 0.47% Cu.
Underground channel sampling at the Carmen Mine has confirmed the historic underground grades of the main vein with assay results of 1.10 g/t Au, 3.11 g/t Ag, 3.37% Cu; 0.90 g/t Au, 7.97 g/t Ag, 1.3% Cu and 2.4 g/t Au, 0.98 g/t Ag, 0.47 % Cu. These samples were taken over 1.5 meters, 1.5 meters and 2.7 meters in width, respectively. A second vein, parallel to the main Carmen vein, was grab sampled underground. Results include 44.4 g/t Ag, 6.92% Cu and 13.8 g/t Ag, 1.86% Cu. In total, 24 underground samples were collected with ranges of 0.002 to 2.4 g/t Au, 0.09 to 44.4 g/t Ag and 0.01 to 6.92% Cu, and average assay values of 0.32 g/t Au, 5.86 g/t Ag and 1.54% Cu.
The Carmen deposit 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. Multiple mineralized veins have been identified near the historic workings and can be traced on surface. The veins appear to be vertically zoned with greater gold-silver values in the upper levels of the mine grading progressively deeper into high grade copper mineralization. Individual veins are subvertical and typically one to three metres in width, developed in an en-echelon fashion within a northeast-southwest structure hosted in early Tertiary andesitic volcanics.
The historic Golondrina Mine occurs three kilometers west of the Carmen Mine. Quartz-sulphide and gold-copper bearing mineralization from Golondrina was mined from a subvertical vein system along two levels, with the mineralized vein being one to three meters in width. Recent surface mapping and sampling has extended the known dimensions of the Golondrina system and host structure for an additional 200 meters south and 100 meters vertical.
Recent grab and chip sampling along the increased surface strike length returned values of 12.85 g/t Au, 1.47 g/t Ag, 0.3% Cu; 7.95 g/t Au, 10.80 g/t Ag, 0.6% Cu and 12.90 g/t Au, 8.75 g/t Ag, 0.4% Cu. A total of nine surface samples were collected with ranges of 0.06 to 47.4 g/t Au, 0.25 to 21.9 g/t Ag and 0.07 to 4.39% Cu, and average assay values of 1.47 g/t Au, 1.13 g/t Ag and 0.42% Cu. This newly discovered extension of the Golondrina vein system remains open to the south and at depth, and is previously unmined and undrilled.
San Fernando Mine
The historic San Fernando Mine occurs less than three kilometers west of the Carmen Mine, and 500m south of the Golondrina mine. Historical mining occurred along three levels on a subvertical vein system. Recent underground sampling at San Fernando indicates the high grade potential of the vein, with channel assays returning 9.14 g/t Au, 1.63% Cu; 7.11 g/t Au, 2.24% Cu and 4.13 g/t Au, 1.13% Cu. Both samples were taken over 1.3 meter widths. Twelve samples were collected underground at San Fernando with ranges of 0.48 to 10.6 g/t Au, 0.22 to 7.41 g/t Ag and 0.02 to 2.24% Cu, and average assay values of 3.67 g/t Au, 2.01 g/t Ag and 0.76% Cu.
The main structure can be traced to surface, with surface sampling results of up to 3.62 g/t Au, 1.83% Cu. A total of eight surface grab samples were collected with ranges of 0.06 to 4.61 g/t Au, 0.18 to 3.49 g/t Ag and 0.02 to 1.83% Cu, and average assay values of 1.47 g/t Au, 1.13 g/t Ag and 0.42% Cu. The San Fernando vein system is previously undrilled and remains open in all directions from the historical mine site and may be part of the Golondrina vein system 500m to the north.
Continued surface mapping and sampling at the newly identified Cazadores prospect has increased the known strike of the mineralized structure to 350 meters in length, with a width of up to 30 meters. Recent grab sampling results assayed 1.99% Cu, 630 g/t Ag and 1.07 g/t Au, 271 g/t Ag. Eleven surface samples were collected with ranges of 0.002 to 2.26 g/t Au, 0.21 to 630 g/t Ag and 0.005 to 1.99% Cu, and average assay values of 0.41 g/t Au, 99.16 g/t Ag and 0.63% Cu. Previously released results of a grab sample containing copper and silver oxide as well as sulphosalt minerals returned 11.3% Cu and 2,170 g/t Ag from Cazadores.
The La Bufa Property is located 30km east of Goldcorp's El Sauzal gold 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 defined Cazadores prospect.
Recent sampling completed by Revolution confirms the high-grade nature of multiple structures and veins on the Property. No historical drilling has been completed on these prospects by Revolution or previous operators at La Bufa.
Maps, diagrams and photos from the La Bufa targets are available on the Company's website at www.revolutionresourcescorp.com
The Company is also completing 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 programs at La Bufa and Universo are 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 will be 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 two flagship projects; the Champion Hills district of North Carolina, and the newly-optioned property portfolio of Lake Shore Gold in Mexico, previously owned by West Timmins Mining.
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 legislation.
SOURCE Revolution Resources Corp.
Manager, Investor Relations
President, CEO and Director