Revolver Resources Locked and Loaded for North Queensland Exploration
COMMODITY CAPERS: Revolver Resources is a copper exploration company that listed on the ASX in September last year with a self-proclaimed focus on development of natural resources to meet the world’s accelerating electrification needs.
The company has advanced copper projects in Queensland: Project Osprey; and the Dianne project.
The Dianne project, which was once one of the highest-grade operating copper mines in the world and has left a remaining orebody ripe for redevelopment, located in North Queensland’s polymetallic Hodgkinson Province.
The Dianne Copper Mine produced 63,758 tonnes of high-grade copper ore with an average grade of 22.7 per cent from open cut and underground operations between 1979 and 1983 before mining operations ceased.
Work carried out by Revolver at Dianne to date has the company already labelling it an emerging potentially high-grade multi-mineral new discovery.
Assays released earlier this year indicate much higher grades and higher volumes of copper, zinc, cobalt and gold than what the company had previously thought existed within the project.
The company now views the Dianne project as one of enormous untapped potential pointing to the highly encouraging and exciting results it has achieved to reveal a far more extensive mineralised and multiple commodity system than has been previously understood.
“These results offer the potential of expanding the known mineralisation significantly,” Revolver Resources managing director Pat Williams said.
“Put into context, the assay results we have from these samples – which were obtained only from surface – highlight ore grades greater than the average grade of some mines operating today.
“The pathway to material, low-cost, near-term production has been greatly enhanced with this new information.
“Our systematic exploration program on the Dianne project is unveiling a considerable mineralised system and its inherent characteristics, and this is rapidly evolving how we adapt to efficiently continue to explore and grow the size of the ultimate resource.
“Our exploration methodology is being validated and we are opening up multiple parallel work fronts to bring forward further critical information about the full potential of the Dianne project.”
Project Osprey lies within Queensland’s world class North-West Minerals Province, where exploration has confirmed the characteristics of both Iron Oxide Copper Gold (IOCG) and Mt Isa style copper mineralisation systems.
The area is no stranger to the industry with world -class mines already established in the region, including Mt Isa copper mine, George Fisher/Hilton copper mine, Century zinc mine as well as the Mount Gordon deposits – Mammoth, Esperanza and Esperanza south and Ernest Henry.
Revolver is targeting Mt Isa style copper mineralisation within several already identified zones.
The company has reinterpreted historical regional geology by using gravity, magnetic, and drilling data that has demonstrated its geological targets occupy the (faulted) contacts of the basaltic basement with sediments of the younger McNamara Group (termed Paradise Creek and Lady Loretta Formations).
Revolver has established an exploration program for the next two years for Project Osprey to include phases of diamond drilling, further geophysical EM and IP surveys.
Email: hello@revolverresources.com.au
Web: www.revolverresources.com.au
Directors: Pat Williams, Paul McKenna, Brian MacDonald