Oct 30 2010
Revolution Resources Corp. (TSX VENTURE:RV) has announced that diamond drilling and surface exploration has commenced at the Company's Champion Hills Gold Project, located in North Carolina.
Revolution is planning an aggressive Phase I drilling program totalling 2,500 meters in approximately 12 drill holes. Drilling will initially test two target areas encompassing historic pits and adits. The Company will complete holes along strike and down-dip from previous gold intercepts encountered during shallow drilling programs by Noranda Exploration in the early 1990's.
Historic drill results included:
- 90-1: 97 meters averaging 0.93 g/t Au
- 90-2: 59 meters averaging 1.30 g/t Au
- 90-3: 151 meters averaging 0.51 g/t Au
- 91-8: 30 meters averaging 1.0 g/t Au
The Champion Hills Gold Project is comprised of multiple historic pits and workings within a 25 kilometer long trend in North Carolina. The Project occurs within the Carolina Slate Belt, which hosted most of the major gold mines in the Southeastern United States. Significant deposits include the Ridgeway Mine, which produced 1.5 million ounces of gold from 1988 to 1999, and the Haile Mine, with a reported measured and indicated resource of 2.2 million ounces of gold and an additional 2 million ounces inferred (see Romarco Minerals' National Instrument 43-101 technical report dated April 1, 2010 filed under Romarco's profile on the SEDAR website on April 6, 2010). Haile Mine is actively being explored by Romarco Minerals. Revolution believes the Champion Hills Gold Project is geologically analogous to these deposits, whereby gold mineralization is hosted within quartz-sericite-pyrite altered volcanic rocks, associated with northeast trending shear zones.
Minimal modern exploration has occurred in the Carolina Slate Belt, generally due to complex land tenure with multiple small private landowners throughout the Southeastern United States. Gold was discovered in the Champion Hills area in the early 1800's, with small scale production from many small operations. Mining continued in the area through the 1930's depression era. Noranda explored Champion Hills for shallow, open-pit gold deposits from 1989 to 1992, completing 23 core holes totalling 2,937 meters. This drilling targeted a large 650m x 750m gold in soil anomaly and encountered multiple drill intercepts averaging 0.5 to 1.3 g/t Au over long intervals typically starting at or near surface. Additionally, several holes were abandoned in mineralization at depth, and mineralization is still open in all directions.
The acquisition by Revolution of the property interests comprising the Champion Hills Gold Project, described in Revolution's news release dated September 7, 2010, remains subject to the approval of the Toronto Stock Exchange to the cash and share consideration payable by Revolution to the non-arm's length private company (controlled by Aaron Keay, Rob McLeod and Michael Williams) that initially acquired the property interests.
About Revolution
Revolution's 2010 exploration program at Champion Hills will be completed under the supervision of Robert McLeod, P.Geo, Director of Revolution and a Qualified Person as defined by NI 43-101. Contents of this release were prepared by and approved for release by Mr. McLeod.
Source: Revolution Resources Corp.