Revolver Resources (ASX:RRR) is expecting to begin a 2,000m diamond drill program next week at its Dianne Project in northern Queensland, Australia.
The $29.95 million market capitalisation company says the program will focus on testing 3 Heli-EM targets, namely the C5, C6, and C6 targets, located in the Larramore Volcanic Belt. The targets have been prioritised following the outcomes of recent field mapping activities in the area.
Track and drill pad preparation is currently in progress and is expected to commence within the next week, with the drilling work to conclude in early September 2023.
Commenting on the drill program, Revolver Resources Managing Director Pat Williams says: “We are pleased to be embarking upon the next drill campaign at our highly prospective Dianne Project.
“We are pleased to be embarking upon the next drill campaign at our highly prospective Dianne Project”
The fieldwork done by our team within the Larramore Volcanics over recent months has been highly instructive and allowed for even sharper refinement of priorities within our exciting drill target pipeline at Dianne.”
Revolver reports the bedrock anomaly targets are located within or on the margin of this gossanous outcrop and now present as the ‘highest-priority’ targets in this area.
The Dianne Project covers 6 mining leases, 3 exploration permits, and a 70:30 joint venture (JV) over a further exploration permit in the Hodkinson Province in northern Queensland.
Revolver Resources is focused on the development of natural resources for the world’s ‘accelerating electrification’. The company’s near-term focus is copper exploration in proven Australian jurisdictions.
As of 31 March 2023, the company had $1.26 million cash at hand, according to its latest quarterly report published on 28 April 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Revolver Resources Ltd
