VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 19, 2013) - Revolver Resources Inc. (TSX VENTURE:RZ) ("Revolver") is pleased to announce that it has received TSX Venture Exchange ("Exchange") approval of its previously announced option agreement (the "OptionAgreement") with Pistol Bay Mining Inc. ("PistolBay") and has completed and filed a National Instrument 43-101 ("NI 43-101") compliant technical report (the "Report") on the Summit B property ("Property") in the Iskut area of northwestern British Columbia, Canada. The Report is available for viewing on Revolver's corporate website and on SEDAR under Revolver's profile at www.sedar.com.
Pursuant to the terms of the Option Agreement, Revolver completed the initial payment of $75,000 and issuance of 2,000,000 shares of the Company to Pistol Bay in connection with Exchange acceptance. Revolver may earn a 60% interest in the Property. (For more information on the Option Agreement see Revolver's press release dated May 17th, 2013.)
Revolver Resources completed a new surface rock and chip sampling of previously discovered mineralized trenches at the Summit B property. Chip samples collected in Trench 4 reveal weighted average results of 0.26 ppm Au, 0.53 ppm Ag, and 1941 pm Cu over 4.55 m. One grab sample returned grades of 2.48 ppm Au and 0.30 ppm Ag with minor Cu values. One sample gathered from Trench 3 returned assay values of 0.84 ppm Au, 0.90 ppm Ag and 1530 ppm Cu over 2.0 m. A composite grab sample of a mineralized quartz vein within this chip sample produced a value of 2.87 g/t gold. In addition, a 25 cm-thick scoroditic altered vein was exposed in the trench wall generated grades of 12.30 ppm Au, 15.50 ppm Ag, and 1,720 ppm Cu over. Finally, one composite grab sample of scoroditic altered material collected from pushed material at the southwest end of Trench 9 provided concentrations of 13.00 g/t Au, 17.9 g/t Ag and 1,730 ppm Cu.
With the completion of the NI 43-101 report on the Summit B Property, Revolver has thus confirmed the presence of two previously identified NW-oriented gold-arsenic-copper mineralized fault structures yielding high precious metal values. These structures may extend up to 1.5 km in length. One consists of copper-arsenic-bearing pyrite-rich quartz veining, yielding values from 0.47 to 2.87 g/t Au; the other consists of a quartz scorodite-Cu vein setting, returning much higher gold values from 10.9 to 17.9 g/t Au. Revolver Resources is also planning a 3D induced polarization (IP) / Magnetic survey on approximately 34 line-km during late August. Aurora Geosciences of Whitehorse, Yukon will be the operator of the survey.
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"). On June 12, 2013, Colorado announced it was going to begin a $2 million, 5,000 meters drill program 1 kilometres north of Colorado's recent discovery hole which intersected 242 metres grading 0.63% copper and 0.85 g/t gold. The new drill program will be around 2 kilometres away from Revolver's contiguous Property. The Property is also located 20 kilometres northwest of Imperial Metals Corporation's Red Chris Porphyry Copper-Gold project (reserves of over 300 million tonnes grading 0.359% copper and 0.274 g/t gold; http://www.imperialmetals.com).
A B.C. Minfile description of the Kitty occurrence reports historic work including 9 bulldozer trenches over an area of 170 by 5 metres (B.C. Assessment Report 21416) and historic results from surface grab samples as high as 8.98% copper, 24.5 g/t silver and 0.045 g/t gold. Grab samples as high as 1.61 g/t gold and 0.6% copper have been returned from another showing approximately 50 metres southwest of the bulldozed trench area. Previous exploration programs had focused on copper exploration, outlining a trend of roughly 100 metres of strongly anomalous copper values from rock sampling. Although copper was the main focus, rock sampling also returned several high gold values, including 4.95 g/t gold, along a parallel zone roughly 30 metres southwest of the main trend. In June 2010, Solitaire Minerals Ltd. (now Pistol Bay Mining Inc.) performed preliminary geological mapping, soil and silt sampling, including grid soil sampling across the "Main Trenched Area". The program returned values as high as 17.9 g/t Au from composite grab sampling of arsenic-rich phyllite and 1.875 g/t gold from a 2.0-metre chip sample at a separate location. These, combined with soil sampling, identified an anomalous geochemical trend at least 500 metres long, open in both directions. Numerous small copper +/- gold occurrences were found throughout the property.
Technical information in this news release has been prepared and/or revised by Michel Boily, PhD, P. Geo, and Qualified Person as defined in NI 43-101.
For further information on Revolver please visit our website at www.revolverresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
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