Revolution Acquires Three Strategic Properties Along Champion Hills Trend; Next Phase of Drilling to Commence
March 9, 2011
March 9th, 2011, Vancouver, British Columbia – Revolution Resources Corp. TSX:RV (“Revolution” or the “Company”) is pleased to announce that the Company is continuing to expand its land package in the Champion Hills trend, North Carolina, acquiring interests in the historic Hoover Hill mine property, the Kearns Target, and the Earnhardt-Sawyer Property, located immediately adjacent to Romarco Minerals’ recently acquired Old Sawyer Mine Property.
These new Properties are along the northeast side of the 25 kilometer long Champion Hills trend and increase Revolution's land status to approximately 7,500 acres, making the Company one of the largest land holders in the Carolina Slate Belt. Champion Hills is comprised of a series of historic gold and base metal mines and deposits that have seen minimal modern exploration. The trend exhibits geological similarities to the Haile-Brewer trend in South Carolina. Hoover Hill and Kearns are ‘drill ready’ targets, with drilling expected to commence in late March to early April.
Hoover Hill Mine
Hoover Hill is located five kilometers east of Revolution’s Jones-Keystone property. Recently announced drilling at Jones-Keystone includes: Hole JK10-06 28.0 meters averaging 3.01 g/t Au within an interval of 54.0 meters averaging 1.56 g/t Au (see news release issued January 11th, 2011). The geology at Hoover Hill is compared in the historic literature to Jones-Keystone with mineralization hosted in a volcanic series with pyrite as the main sulphide. Like Hoover Hill, gold and sulphides are concentrated in brecciated zones.
Seven mineralized zones were previously mined at Hoover Hill. The discovery of gold mineralization dates back to 1848, and was subject to small scale mining until 1881, when Hoover Hill Gold Mining Co. erected a 20-stamp mill and worked it until 1885. The mine resumed production again from 1914-1917, and was allowed to flood in 1922 after shafts were constructed down to over 100 meters below surface. Historic production totals are not well documented, however at least three large four by three meter shafts are exposed on surface, and multiple open stopes are now caving in at surface.
Revolution intends to initially target the early stage occurrences of gold and silver rich altered and veined sediments identified through previous historic exploration and production. At Kearns, Revolution exploration personnel collected eight grab samples from a 20 meter long, 10 meter wide area of outcrop. Select samples include 6.23 g/t Au and 273 g/t Ag, 4.05 g/t Au and 130 g/t Ag, and 1.76 g/t Au and 898 g/t Ag. Samples range from trace values, to 6.23 g/t Au and 898 g/t Ag, averaging 1.8 g/t Au and 189.5 g/t Ag.
Located along the southern and eastern margins of Romarco’s Old Sawyer property, Earnhardt South-Sawyer exhibits strongly altered andesitic volcanic rocks and sediments. Romarco’s Sawyer mine has a similar history to Hoover Hill. Initial operations at Sawyer began prior to 1850, with the height of mining peaking in 1906 when a 50 meter shaft was sunk, in addition to six smaller shafts.
Assays from surface sampling at Earnhardt-South Sawyer are currently pending.
Property location maps and historic data for the Champion Hills Project can be reviewed on the Company’s website at www.revolutionresourcescorp.com.
About the Champion Hills Project
At Champion Hills, Revolution is currently waiting on assay results from twelve holes completed at the Jones Keystone target, and is scheduled to commence the next phase of 5,000 meters of core drilling within the next week.
The Champion Hills Property is comprised of multiple historic pits and workings within a 25 kilometer long trend in North Carolina. The Project occurs within the Carolina Slate Belt, which hosts most of the major gold mines in the southeastern U.S. Significant deposits include the Ridgeway Mine, which produced 1.5 million ounces of gold from 1988 to 1999, and Romarco’s Haile Mine project. The Champion Hills project is geologically analogous to these deposits, whereby gold mineralization is hosted within quartz-sericite-pyrite altered volcanic rocks, associated with northeast trending shear zones.
Minimal modern exploration has occurred in the Carolina Slate Belt, generally due to previous complex land tenure. Gold was discovered in Champion Hills in the early 1800’s, with small scale production from many small operations. Mining continued in the area through the 1930’s depression era. Noranda explored Champion Hills for shallow, open-pit gold deposits from 1989 to 1992, completing 23 core holes totalling 2,936 meters. This drilling encountered multiple drill intercepts averaging over 0.5 to 1.3 g/t Au over long intervals, including several holes that were abandoned in mineralization at depth (see news release issued September 7th, 2010)
Revolution’s exploration program at Champion Hills is performed under the supervision of Robert McLeod, P.Geo, a Director of Revolution and a Qualified Person as defined by NI 43-101. Drill cores are cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Reno, Nevada. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check labs has been implemented. Contents of this release were prepared by and approved for release by Mr. McLeod.
ON BEHALF OF THE BOARD
President, CEO and Director
Manager, Investor Relations
President, CEO and Director
Forward-Looking Statements: This News Release may contain certain "forward-looking" statements and information relating to Revolution which are based on the beliefs of Revolution management, including without limitation intended exploration programs, as well as assumptions made by and information currently available to Revolution management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, exploration and development risks, expenditure and financing requirements, title matters, 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. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.