Revolution Resources announces discovery of three gold, copper, and molybdenum prospects, La Bufa Project, Mexico
Thursday, Aug 09, 2012Revolution Resources Corp. (TSX:RV) ("Revolution" or "the Company") is pleased to report assay results and the discovery of three new high-grade gold, silver, copper and molybdenum-bearing surface prospects at its La Bufa Property in southwestern Chihuahua, Mexico.
The Don Julio gold, copper, and zinc target has been traced for 1,500 meters along strike, and hosts gold values up to 15.7g/t Au, located six kilometers northwest of the historic Carmen Mine. The Hornitos target is a 200 meter wide zone of sheeted quartz-molybdenite veins with surface samples up to 0.254% Mo and was discovered 6.5 km west of the Carmen mine. Additionally, a high grade copper-rich vein and breccia zone named Panalito was discovered 1,000 meters northeast of the main Carmen workings and hosts grades up to 10.6% Cu and 2.38g/t Au in vein breccia material.
The Don Julio vein zone was discovered during recent reconnaissance exploration in an underexplored part of the La Bufa Property, and has now been traced on the surface for 1,500 meters. Numerous gold-bearing copper oxide-quartz veins and small artisanal mines were also discovered during surface prospecting. A quartz monzonite intrusive was identified on the northeast portion of the target, with a sample of quartz-hematite from the intrusive assaying 3.74g/t Au. A first pass sampling program identified multiple gold-copper bearing prospects and vein outcrops where 10 of 17 grab samples assayed between 1.70 and 15.7g/t Au, averaging 6.22g/t, and 9 of 17 assayed from 0.10% to 1.25% Cu, averaging 0.639% Cu (grab samples are selective by nature and are unlikely to represent average grades of the deposits). Two copper-gold rich grab samples assayed 5.38% and 2.19% Zn respectively.
A new molybdenite discovery, the Hornitos zone, was made following examination of LANDSAT remote sensing spectral anomalies in an un-prospected area near the main road into Batopilas. Upon inspection of the spectral anomalies, east-west striking sheeted quartz-molybdenite veins hosted within hornfels, with one to three meter separation between veins were discovered. Out of 21 grab samples, five assayed between 0.0862% and 0.254% Mo, averaging 0.173% Mo, with an average of 0.043%. In addition to Mo, the samples are anomalous in Cu, Zn, and Re. The dimension of the Hornitos target area has not been determined through mapping and sampling, though satellite imagery has identified an altered area several kilometers in length by one kilometer width.
The third new reconnaissance target, Panalito, is located 800 meters northeast of the Carmen mine and was discovered during reconnaissance mapping in an area with sparse historic samples. Several samples were collected from quartz veins that host abundant copper oxides; results range from trace to 10.6% Cu. The fifteen samples collected average 2.08% Cu and are within an 800 by 400 meter area that is open to the south, north, and east. North striking quartz veins are hosted in andesite volcanics at this zone. Gold and silver values average 0.206g/t Au and 3.41g/t Ag amongst the 15 grab samples with highs of 2.38g/t Au and 15.15 g/t Ag.
Revolution's 18,000 hectare La Bufa Property is located 30 km east of Goldcorp's El Sauzal mine, and is centered on the historic Carmen copper-gold mine. 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. 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.
The La Bufa property also includes the historic Golondrina and San Fernando Mines, and Revolution's newly identified Cazadores prospect. Prior to this initial phase of work, limited exploration work has been performed on the Property. The discovery of these new mineral occurrences during limited surface exploration suggests the excellent potential for further discoveries on this unexplored Property.
During the fall of 2012, Revolution is planning on follow-up sampling and mapping work on these newly identified targets at the La Bufa Property.
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