- Revolver Resources (RRR) confirms the potential for a major new discovery at the Dianne Project in Queensland
- Assays from continuous surface channel sample confirmed broad intervals of oxide copper outcrops, which doubled the size of the previous mineralised system footprint
- Assays were said to indicate much higher grades and higher volumes of copper, zinc, cobalt and gold than previously thought to exist within the project
- Further mapping and channel sampling is anticipated to begin during Q2, focusing on defining extensions of the Dianne deposit and identifying potential copper targets
- Revolver Resources is up 8.79 per cent, trading at 49.5 cents at 10:55 am AEDT
Revolver Resources (RRR) shares are in the green after announcing the potential for a major new discovery at the Dianne Project in Queensland.
An open polymetallic mineralisation system, more than doubling the size of the previous footprint, has now been confirmed. The company said these results offer the potential of expanding the known mineralisation significantly.
Assays from continuous surface channel sample confirmed broad intervals of oxide copper outcrops, expanding the footprint to 500 metres by 270 metres, confirming a significant mineralised regional trend.
Results included mineralised zones with copper of up to 5 per cent, and gold up to 12.2 grams of gold per tonne.
This follows diamond drill hole results which included 6.95 metres intersected from 145.92 metres of massive chalcopyrite, sphalerite and pyrite sulphide visual estimate containing greater than 90 per cent sulphides over the full interval.
Revolver’s Managing Director, Pat Williams, said Dianne is emerging as a potentially high-grade multi-mineral new discovery.
“These assays indicate much higher grades and higher volumes of copper, zinc, cobalt and gold than we had previously thought existed within the project,” said Mr Willaims.
“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.”
“We believe the Dianne Project is of enormous untapped potential and very significant.”
Further mapping and channel sampling are anticipated to begin during Q2, focusing on defining extensions of the Dianne deposit and identifying potential additional copper targets.
Revolver Resources was up 4.4 per cent, trading at 47.5 cents at 1:31 pm AEDT.