Nov 11 2013
Revolver Resources Inc. is pleased to present a new 3D IP model based upon the results of the 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 (see Figure 1). It extends from shallow depth (< 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 > 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.
The Summit B IP anomaly is similar in shape and intensity to that observed in Colorado Resources adjacent North Rok property. The North Rok chargeability anomalies characterized a porphyry copper-gold system associated with an Early Jurassic monzodiorite-diorite pluton intruding Upper Triassic Stuhini Group volcanic rocks. Already, drill core intersections of 402 m @ 0.28 wt. % Cu and 0.27 g/t and 242 m @ 0.63 wt. % Cu and 0.85 g/t Au were obtained less than 3 km away from Revolver's property. The Summit B IP anomaly is associated with low magnetic values relative and occur in a greenschist metamorphosed Mississippian-Permian volcanosedimentary assemblage. The age of the Summit B mineralization is presumed to be Jurassic and concordant with the age of alkalic intrusions at North Rok, Red Chris (a porphyry copper-gold mine and with reserves of over 300 million tonnes grading 0.359% copper and 0.274 g/t gold) and elsewhere in northwestern BC. The carbonate alteration and precious metal mineralization at Summit B may be related to deep metamorphic fluids with appropriate chemistry to cause quartz-carbonate-gold deposits. Alternatively, the mineralization may be produced by hydrothermal fluids generated by the intrusion of alkalic plutonic rocks at moderate depth.
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/rz1108-F1.pdf.
Technical information in this news release has been prepared and/or revised by Michel Boily, PhD, P.Geo, and Qualified person as defined in NI 43-101.
For further information on Revolver and the 3D IP model please visit our website at www.revolverresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
Source: http://www.revolverresources.com/