VANCOUVER, March 2, 2012 /CNW/ - Revolution Resources Corp. TSX:RV ("Revolution" or "the Company") is pleased to report that the Company is continuing to advance its exploration programs at the Universo and La Bufa Properties. The Properties are located in two of Mexico's most prolific Mineral Belts and are in close proximity to several operating mines.
Initial reconnaissance work, including rock sampling and geological mapping, has been completed at the 18,000 hectare La Bufa Property. Revolution is planning a core drilling program for the second quarter of 2012. The Property is located 30 kilometers east of Goldcorp's El Sauzal mine, and is centered on the historic Carmen copper-gold mine.
Recent sampling completed by Revolution confirms the high-grade nature of multiple structures on the Property. No historical drilling has been completed on these prospects by Revolution or previous operators at La Bufa.
At the newly identified Cazadores prospect, a grab sample of a mineralized structure with copper and silver oxide and sulphide minerals returned 11.3% Cu and 2,170 g/t Ag. At the San Fernando prospect, a chalcopyrite-rich grab sample from the middle of a historic adit assayed 21.9 g/t Au, 14.2 g/t Ag and 5.7% Cu. An 80cm long chip channel sample collected on the Golondrina vein returned 10.4 g/t Au, 10.1 g/t Ag and 2.35% Cu. A grab sample collected on a historic mine dump at the Caballero Azteca vein assayed 4.51 g/t Au and 4.6 g/t Ag.
Two chip samples were collected from underground workings at the Carmen mine. These samples assayed 3.8 g/t Ag, 0.97% Cu and 11.4 g/t Ag, 3.44% Cu. Three other grab samples were collected from adjacent surface prospects, with assays ranging from 6.4 g/t Au to 11.3 g/t Au, averaging 8.9 g/t Au; 8.2 to 31.1 g/t Ag averaging 15.8 g/t Ag and 0.32 to 4.48% Cu averaging 3.24% Cu.
The Carmen deposit produced approximately one million tonnes of ore grading 2.5% Cu, 2.9 g/t Au and 2.8 g/t Ag between 1947 and 1958 from a vertical vein system developed on the property. 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 1 to 3 meters in width and developed in an en echelon fashion within the host structure.
The Company recently commissioned a Land Satellite-Aster study of the La Bufa property to help focus future exploration efforts and generate new targets.
A plan map with recent sampling results and photographs of the LaBufa prospects are available on the Company's website at www.revolutionresourcescorp.com.
The 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 Corporation, recently purchased by Goldcorp Inc.) and Goldcorp's Penasquito gold-silver-lead-zinc mine. The Charcas Mine, operated by Grupo Mexico, the country's largest zinc mine, is located twenty kilometers to the southeast of Universo. New Gold's Cerro San Pedro gold-silver mine is located 100km further south. Despite Universo's strategic location, only limited modern exploration has been performed; the last known drilling being 18 years ago.
Revolution is taking a systematic approach to explore this extensive land package. Universo hosts multiple styles of mineralization including epithermal, sediment hosted/Carlin style and polymetallic epigenetic. Gold mineralization occurs within jasperoid silicified limestone sequences along regional scale fault structures, as well as within low sulphidation epithermal quartz vein systems. The company recently completed a soil survey with 300 by 500 meter spaced sample stations, covering over 200,000 hectares. A total of 13,844 were collected, with assays currently pending. Additionally, property wide surface mapping and rock chip sampling, as well as detailed IP geophysical surveys are currently underway.
Initial drilling will test multiple targets on the Universo property, including step-out drilling from historic producers. Core drilling will explore multiple targets, including the Cinco Estrellas and Esquivel mines in the Navarro area, as well as multiple other nearby areas covered by shallow overburden. The La Perdida zone, located 12 kilometers northwest of Navarro, has widespread silicified limestones (jasperoid) as envelopes to several high-level epithermal-style quartz veins. Undrilled targets during this initial drilling phase also include several sediment hosted targets. All of these targets are typified by extensive areas of anomalous veining and jasperoid mineralization. Gold values range from 0.1 to 7.76 g/t, as well as significant local silver values.
The Company is also completing extensive community and local stakeholder dialogue in the Universo area, which includes surface access agreements recently signed with multiple Ejido groups.
Revolution's 2011 exploration program at Universo will be 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 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 gold 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 located in the Champion Hills district of North Carolina and the newly-optioned property portfolio of Lake Shore in Mexico, previously owned by West Timmins Mining.
The Company has made multiple discoveries in the Champion Hills District in the Carolina Slate Belt of North Carolina, where drilling has encountered: 104.0 m of 1.27 g/t Au, including 40.0m of 2.33 g/t, 54.0m of 1.56 g/t Au, including 28.0m of 3.01 g/t Au, and 22.53m of 6.10 g/t Au and 258.65 g/t Ag. The Slate Belt hosts most of the area's past producing gold mines, most notably the Ridgeway Mine, and the Haile Mine currently awaiting permits to commence production.
Revolution's newly-optioned Mexican property portfolio contains land totaling over 400,000 hectares. The properties cover two distinct districts situated in regions which host current- and past-producing mines. The immediate focus is at Universo, which is located on trend with Goldcorp's Penasquito and Camino Rojo deposits and New Gold's Cerro San Pedro. Historical highlight drilling includes 21.3m of 11.7g/t Au, 37g/t Ag.
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.
Image with caption: " La Bufa Property Sampling (CNW Group/Revolution Resources Corp.)". Image available at: http://photos.newswire.ca/images/download/20120302_C9262_PHOTO_EN_10699.jpg
Manager, Investor Relations
President, CEO and Director