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Revolver Resources (ASX: RRR) unlocking copper potential across Dianne Project - Kalkine Media

December 04, 2023 11:35 AM AEDT | By Sonal Goyal
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Highlights

  • In September quarter, RRR completed diamond drilling at Dianne project, focusing on three Heli-EM targets in the Larramore Volcanic Belt.
  • Helicopter gravity gradiometer survey completed over the Larramore trend.
  • The company concluded earn-in to a 70% interest in the Gossan Ridge JV.

Revolver Resources Holdings Limited (ASX: RRR) is a copper exploration firm with focus on developing natural resources to accelerate electrification globally. The near-term focus of the company is on exploring and developing advanced copper projects in Queensland.

In the September 2023 quarter, the company advanced its journey on the Dianne Project in northern Queensland.

The company also completed second tranche of placement and raised additional funds of AU$0.65 million.

Dianne project-Diamond drilling and advanced exploration 

RRR continued testing of the VMS potential in the Larramore Volcanic Belt, which is situated in the western part of the project.

The project is centred around the Dianne copper deposit, which hosted one of the highest-grade historical copper mines in Australia.

In the latest quarter, the company initiated and finalised a 1,570m diamond drill campaign testing two key Heli-EM targets in the Larramore Volcanic Belt – C5 and C16. The drilling campaign comprised eight holes and all holes intersected substantial zones of hydrothermal alteration.

The company deferred drilling of the C6 target because of a high degree of consistency across the eight drill holes and similar geological surface context across the target. The drilling has been deferred until assays are reviewed and utilised to inform the most prudent next steps.

RRR also concluded a detailed soil geochemistry grid along the broad gossanous trend as part of the field work.

The soil sample campaign identified an extensive, coherent and linear geochemistry anomaly extending more than 1.2km strike length and corresponding strongly with the outcropping gossanous zones. The anomaly identified is defined by significant gold and copper returns with elevated Fe, Co, Mn, Ag, Sb, Ni, and Te.

The findings have reinforced the prospectivity of the targets – C5, C6 and C16.

To ascertain the grade of mineralisation, the company submitted 555 samples for gold and multi-element geochemical assays.

Meanwhile, the company completed a helicopter gravity gradiometer survey at the Larramore block, covering four prospective sub-blocks of EPM 27411 which lies within the western area of the Dianne project.

Additionally, the company finalised an earn-in to a 70% stake in the Gossan Ridge JV in September 2023. Read more.

RRR shares traded at AU$0.100 on 4 December 2023. 


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