It never hurts to set-up shop next to a successful neighbour. It’s a common strategy used instinctively by all of us. In some cases, the collective contributions of the neighbours can build a synergy that elevates the entire neighbourhood. Revolver’s “neighbourhood” has likely helped them raise money for this project.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 9, 2013) – Revolver Resources Inc. (TSX VENTURE:RZ) (“Revolver”) is pleased to announce that is has mobilized a drill rig onto its Summit B property (Northern BC) for an immediate 1000 metre drill program to test the 2km long and 500 metre wide anomaly previously identified through its 3D IP survey.
This release is pretty short, but it gives us the opportunity to highlight a few research tools available to investors.
We haven’t discussed Revolver before, but we have talked about a one of their neighbours, Colorado Resources. Our previous article discussed Colorado’s follow-up on some promising copper gold results on their North Rok Property. While at the time they were having trouble finding some of the higher grades encountered in early holes, it appears from recent news that they are honing in on better grades and defining the extent of the mineralized copper porphyry system.
Revolver is announcing a drill program which follows-up an IP (induced polarization) geophysical survey performed earlier this year. IP surveys are a good choice for porphyry and other deposits where sulphide mineral grains are disseminated, or dispersed. We have included and image from Revolver’s November 8th news release showing the IP survey results.
Revolver is fully permitted and has commissioned Black Hawk Diamond Drilling Ltd. and UTM Exploration Services from Smithers, BC to conduct the drilling program.
“On behalf of the board of Revolver Resources Inc., we are excited to begin the initial drilling campaign on our Summit B project in Iskut area in NW British Columbia,” stated Rob Birmingham, President of Revolver Resources. “To be located in such an active mining area where Imperial Metals Corp.’s Red Chris mine is nearing initial commercial production, and bordering Colorado Resources as they advance their North Rok property into a proposed 10,000 m drill program early next year, the timing for our work program could not be better.”
About Revolver Resources Inc.:
Revolver recently announced it has entered into an option agreement with Pistol Bay Mining Inc. whereby Revolver may earn a 60% interest in the Summit B property (For more information on the option agreement see the Revolver press release dated May 17th, 2013).
The 1,394 hectare (3,446 acre) Property is located in the Iskut area of northwestern British Columbia, Canada, and is contiguous with Colorado Resources Ltd.’s (“Colorado“) North Rok copper-gold property (the “North Rok Property“). Colorado’s recent North Rok Property discovery hole intersected 242 metres grading 0.63% copper and 0.85 g/t gold. More complete details can be found in Colorado’s news release dated April 25, 2013. The Summit B property is also 20 kilometres northwest of Imperial Metals Red Chris Copper-Gold project.
It never hurts to set-up shop next to a successful neighbour. It’s a common strategy used instinctively by all of us. In some cases, the collective contributions of the neighbours can build a synergy that elevates the entire neighbourhood. Mining companies are no exception and promising deposits are quickly surrounded by hopeful neighbours. If enough of them find success a deposit can be elevated to the status of “mining district” which makes it easier for everyone involved to gain more attention, respect and investor capital.
Consider that revolver mentions their proximity to Colorado’s property in their own company news release. Colorado in turn mentions their proximity to Imperial Metal’s Red Chris deposit which is currently under mine development. Having a successful neighbourhood helps everyone. Revolver’s “neighbourhood” has likely helped them raise money for this project. So how does this help you?
The very earliest stage of speculation in mineral properties is the staking of claims. While every jurisdiction may do this differently, many publish claim maps online. In fact many of these online systems include geological maps, historical claims, previous work on properties, regional geophysics and more. Online government resources are an important early-stage exploration and prospecting tool that can be used by anyone to research an area’s claim holders and active or historical mineral properties. For investors, these resources can be useful in identifying little-known company holdings in “good neighbourhoods”. We’ll probably expand on this with a follow-up article but here’s a short list of claim map websites for BC and it’s neighbours:
- BC: https://www.mtonline.gov.bc.ca/mtov/home.do
- Yukon: http://www.yukonminingrecorder.ca
- Alaska: http://akmining.info
- Northwest Territories and Nunavut: http://www.aadnc-aandc.gc.ca/eng/1100100023768/1100100023772
These mapping tools can be a little overwhelming at first, but once learned may be a powerful tool in helping track down the “next big thing”.
Technical information in this news release has been prepared and/or revised by Michel Boily, PhD, PGeo, and qualified person as defined in NI 43-101.