Revolver Resources Holdings Limited (ASX:RRR) has discovered a significant new volcanic massive sulphide (VMS) system in the district scale tenement package containing the Larramore Volcanic Belt, within the greater Dianne Project area in far north Queensland’s Hodgkinson Province.
A recently completed Heli-EM survey, using the NRG “Xcite” system, identified multiple priority conductive anomalies across the region.
The maiden diamond hole testing the first of these targets has confirmed the VMS potential of the district and the validity of the Heli-EM targets intersecting significant VMS mineralisation.
The drill hole intersected more than nine metres of intense classic VMS stockwork mineralisation across a number of down hole intervals.
Pervasive sulphide mineralisation has been observed across more than 260 metres of the 290-metre drill hole length.
Visual evidence of continuing and regular copper mineralisation in the heavily altered volcanic host rock provides clear indication of a large-scale hydrothermal system less than ten kilometres from the existing Dianne deposit.
This deposit produced 63,758 tonnes of high-grade copper ore with an average grade of 22.7 per cent copper from mining operations between 1979 and 1983.
Revolver Managing Director Pat Williams said it was a ground-breaking result and provided the company with the clear evidence needed to upscale exploration activities across the district-scale copper precinct.
Williams continued: “As has been highlighted in the company strategy since listing, the greater Dianne region has never been subjected to any modern systematic exploration efforts.
“Substantial ground work was laid by Revolver throughout 2022, including tenement acquisition, regional exploration, ground and airborne geophysics, surface mapping and extensive ground sampling and geochemical analysis.
“The culmination of all of this was categorically delivered in the results of 23LMDD001 – over 260 meters of broad mineralisation, including recurring copper mineralisation within the heavily altered host volcanic rocks together with the intersection of a number of VMS stockwork zones.
“The discovery goal for the greater Dianne Project was to identify additional extensions and repeats of the historic Dianne volcanic massive sulphide.
“This drill hole result ticks that box and provides the momentum for Revolver to accelerate exploration efforts to quantify and deliver the full potential of this very exciting region.
“Combined with the outcomes of the initial studies into near term production at Dianne, these new discovery outcomes further reinforce the potential for Revolver to establish proximate “hub and spoke” operations as Revolver works to become Queensland’s next emerging copper producer.”