Located: North Carolina & Mexico
Revolution Resources is an exploration mining company focused on gold exploration at two flagship properties in North Carolina and Mexico.
The Company has made multiple discoveries in the Champion Hills District in the Carolina Slate Belt of North Carolina, where drilling has encountered: 104.0 m of 1.27 g/t Au, including 40.0m of 2.33 g/t, 54.0m of 1.56 g/t Au, including 28.0m of 3.01 g/t Au, and 22.53m of 6.10 g/t Au and 258.65 g/t Ag. The Slate Belt hosts most of the area’s past producing gold mines, most notably the Ridgeway Mine, and the Haile Mine currently awaiting permits to commence production.
Revolution Resources’ newly-acquired Mexican property portfolio contains land totaling over 400,000 hectares. The properties cover two distinct districts situated in regions which host current- and past-producing mines.
The immediate focus is at Universo, where Revolution will spend $3.5M and drill 5,000m before the end of 2011. Universo is located on trend with Goldcorp’s Penasquito and Camino Rojo deposits (17.8Moz Au, 882Moz Ag, and 4.0Moz Au, 68.3Moz Ag respectively), and New Gold’s Cerro San Pedro (1.4Moz Au, 52.0Moz Ag). Historical highlight drilling includes 21.3m of 11.7g/t Au, 37g/t Ag).
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