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Revelo Resources Corp.
Summary
| Project: | Loro | |
|---|---|---|
| Deposit: | Loro | |
| Location: | Chile | |
| Commodities: | Silver-Gold | |
| Date: | 8/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2018: Revelo Resources Corp. announces an Exploration/Drilling Update report for its Loro deposit at the Loro project. Drilling results incl. 338.0m @ 7.7g/t Ag, 0.03g/t Au from 6m. Vancouver – August 15, 2018 – Revelo Resources Corp. (“Revelo” or th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Demetrius Pohl (Independent) | |
| ABSTRACT: | Vancouver – August 15, 2018 – Revelo Resources Corp. (“Revelo” or the “Company”) (TSX-V: RVL) is pleased to provide an update to the drill program at its Loro precious metals property that it is operating on behalf of its joint venture partner, a subsidiary of Hochschild Mining PLC (“Hochschild”) (LSE: HOC). The first pass drill test, previously announced (see news release dated May 2, 2018), was completed in July with a total 2,972 metres drilled in 10 holes, and has confirmed the presence of a potentially large, low-sulphidation epithermal vein system with significant broad, low-tenor silver-gold intercepts such as 76m @ 19.2g/t Ag + 0.1g/t Au (L-003), enveloping higher-grade intercepts related to a series of narrow vein structuressuch as 0.5m @ 179g/t Ag + 0.51g/t Au (L-005). Drilling to date has tested one small portion of the large 4,800-hectare property. The drilling was focused on two vein trends, Chucao and Tricao-Caleu, located on the Cerros Millahue and Pitekun respectively, in the “Central Zone” of the property encompassed within an area of approximately 800m (N-S) by 500m (E-W). Silver-rich quartz +/- carbonate veins, veinlets and associated hydrothermal breccias encountered by the drilling along the Chucao structure could represent the hanging-wall expressions of a major vein lying under cover on the western edge of the Cerro Millahue dacitic dome complex, the exploration for which requires further drill testing. Two massive late carbonate veins towards the bottom of L-004 contain breccia fragments of epithermal quartz vein material suggesting that such a possibly mineralised quartz vein occurs in the vicinity. Silver-rich halos in the hanging-walls to mineralised structures are typical at El Peñon, the major gold-silver mining district located 25 Km to the north | |
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