Mar 20 2015
Revelo Resources Corp. informs that BHP Billiton has elected to exclude some of the exploration concessions forming the Option and Joint Venture Agreement signed in April 2012 on Revelo's Blocks 2, 3 and 4 copper projects in Northern Chile.
BHP Billiton notified Revelo that it will exclude Blocks 3 and 4, and parts of Block 2 from the upcoming exploration program. As part of the Agreement, BHP Billiton can exclude individual concessions from the agreement at any time.
BHP Billiton is in the process of evaluating the next phase in some of the remaining areas of Block 2. Both Revelo and BHP Billiton look forward to continuing to work together under the terms of the Agreement.
Blocks 3, 4 and the remainder of Block 2 will be returned to Revelo together with all the exploration data gathered to date by BHP Billiton. Revelo will review and analyze the data in order to compile new information and update its database for future potential option and joint venture opportunities with new partners.
Source: http://www.reveloresources.com/