Revolver Resources Completes 3D IP Inversion Model on Summit B Property
November 8, 2013 (Source: Marketwired) — Revolver Resources Inc. (TSX VENTURE:RZ) 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.
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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
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