Highlights

• Revolver Resources has completed reconnaissance drill program in the Larramore region of its Dianne Copper Project.
• Total eight holes drilled in the 1,570m diamond program intersected significant zones of hydrothermal alteration.
• The observations demonstrate solid potential evidence of ‘significant’ mineralisation in these zones, suggesting presence of IRGS.
• Assays are anticipated in October.

Revolver Resources Holdings Limited (ASX:RRR) has reported encouraging outcomes from the recently completed reconnaissance drilling at its Dianne Project, Queensland.

Under this program, a total of eight shallow diamond holes were drilled for about 1,570m, targeting the high-priority C16 and C5 Targets within the Larramore Volcanics Belt in the western part of the Dianne tenure.

As per the company, all the holes have hit significant zones of hydrothermal alteration.

Latest field mapping and geochemical outcomes in addition to these observations indicate strong potential evidence of significant gold (plus copper-cobalt) content within these zones, indicative of an Intrusive Related Gold System (IRGS), says the company.

Data source: Company update

The company has sent around 555 samples to ALS Townsville for gold and multi-element geochemical analysis. It is likely that the assay results will be announced next month.

Evidence of IRGS potential at Dianne

There is a series of dismembered isoclinally folded sandstones, cherts, shales and intrusive dolerites at the Larramore ridge.  

Data source: Company update

The better developed gossanous zones are coincident with EM and magnetic targets as indicated in early survey work, and also defined by strong surface gold and copper anomalies with associated elevated iron, cobalt, manganese, and other minerals.

The geochemical signature, occurrence of intrusives and linearity, and the en-echelon pattern formed by the gossan outcrops, and the presence of gold and other elements in surface sampling, corresponds to an IRGS.

Data source: Company update

Other project development

The company has concluded a helicopter gravity gradiometer survey across the Larramore block of the Dianne Project. The survey covered four highly prospective sub-blocks of EPM 27411 in the western area of the project. Post-acquisition data processing is being performed before interpretation by exploration team.