Revolution Resources Announces Discovery of Three Gold, Copper, and Molybdenum Prospects, La Bufa Project, Mexico
August 8th, 2012, Vancouver, BC, Canada – Revolution 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.
Maps, diagrams and photos from the La Bufa targets are available on the Company’s website at www.revolutionresourcescorp.com
The Company is also completing extensive community and local stakeholder dialogue in the La Bufa area, which includes surface access agreements recently signed with multiple Ejido groups.
Revolution’s 2012 surface exploration program at La Bufa has been completed under the supervision of Rob McLeod, P.Geo. and Director of Revolution, and Katie Lucas, P.Geo., both Qualified Persons as defined by NI 43-101. Surface samples are collected and described by experienced geologists, and placed in sealed bags, and delivered to ALS-Chemex facilities in Chihuahua for preparation and analysis using both fire assay and multi-element ICP methods. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check labs was implemented. Contents of this release were prepared by and approved for release by Mr. McLeod.
Revolution Resources Corp. is a TSX-listed exploration company (TSX: RV) based in Vancouver, BC, Canada. Well-funded and with no long-term debt, the Company's current exploration activities are focused on gold and silver in the historic belts of Mexico and the USA.
ON BEHALF OF THE BOARD
of Revolution Resources Corp.
President, CEO and Director
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Manager, Investor Relations
President, CEO and Director
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration, development and production activities and their timing, potential mineralization, the announcement of results, the anticipated acquisition of property interests and expected share issuances. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, receipt of regulatory approvals, completion of anticipated transactions, the timing and success of future exploration, development and production activities, exploration and development risks, expenditure and financing requirements, title matters, third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.