AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Revolver Resources has secured a government grant worth AU$250,000, in close collaboration with its joint venture (JV) partner Colt Resources.
- The funds have been awarded under the Queensland Government’s Collaborative Exploration Initiative (CEI) Round 7 Grant.
- The funds will be used to conduct a helicopter gravity gradiometer survey over high-priority VMS targets at the Dianne Project in Queensland.
- The survey will cover four sub-blocks of EPM 27411, currently being explored in the JV arrangement between Revolver and Colt.
- The company is expecting to begin the gravity survey work next month.
Revolver Resources Holdings Limited (ASX:RRR) today revealed that it has secured a AU$250,000 cash grant from the Queensland Government CEI Round 7 Grant, in close collaboration with JV partner Colt Resources Pty Ltd.
The proceeds will be used towards conducting a helicopter gravity gradiometer survey over high-priority VMS targets along the new Larramore Volcanic Belt within the western part of the Dianne Copper Project in northern Queensland.
The survey will include the four highly prospective sub-blocks of EPM 27411, which is being explored by Revolver and Colt in the JV arrangement.
Under the planned survey area, there is a new VMS system at the C3 target that was announced in February. It is the first Heli-EM generated target in this zone to be drill tested.
Data source: Company update
Shares gain ~3%
RRR shares traded at AU$0.190 at the time of writing on 3 April 2023, up nearly 3% from the last close.
More to come…
