Revelo Cuts Precious-Metals Rich Silver-Gold Veins in Drilli How significant is this?
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Vancouver, British Columbia--(Newsfile Corp. - August 15, 2018) - Revelo Resources Corp. (TSXV: RVL) ("Revelo" or the "Company") 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").
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 structures such 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 Peon, the major gold-silver mining district located 25 Km to the north.
The Cerro Millahue and Cerro Pitekun area is characterised by a rhyo-dacitic dome complex identified by geological mapping of sparse outcrops together with geophysical information (see news release dated March 14, 2018.) The Chucao and Tricao-Caleu vein systems were identified and mapped from sparse outcrops and sub-crops of veins and were consequently targeted for this initial drill test. Four drill-hole fences (8 holes) were drilled over approximately 400m of strike length of the Chucao vein system, and one drill fence (2 holes) was drilled on the Tricao-Caleu system (see attached maps and sections).
Mineralised intervals are hosted within the rhyo-dacitic dome complex, together with lesser andesitic volcanics, tuffaceous and volcaniclastic rocks. The host rocks and many of the mineralised structures are affected by a late carbonate overprint that may have diluted metal grades in some areas.
Tim Beale, President & CEO of Revelo commented: "These results are exciting and highly encouraging and indicate that part of a new, mineralised epithermal vein system of low-sulphidation type has been cut with this preliminary drill test. Given the proximity and similar geology to important precious metals vein districts to the north and to the south, and the overall significance of surface and drill geochemical results to date, further geochemistry, geophysics and drilling is warranted to follow-up the untested vein target at Cerro Millahue and the various other target areas discovered on the property. Discussions are underway with Hochschild to decide on future activities."
Drill Results to Date