EMC to acquire up to 100% of Revere Gold project

Highlights;

• EMC has entered into an agreement to acquire and earn up to a 100% interest in the Revere Gold project (RGP) north-east of Meekatharra in Western Australia – subject to due diligence and shareholder approval.
• RGP is located along an inferred extension of the Andy Well Greenstone Shear System, with the DeGrussa CopperGold mine along strike, 55 km to the north-east.
• The project covers 82 km² and includes a system of richly endowed gold reefs (the revere reefs), from surface over a 7 km strike area.
• The main tenement area is currently under a mining lease application.
• The gold potential of the project at surface has been defined and will be confirmed by a planned initial 36 000 t bulk sampling campaign in 1Q23.
• Potential for near-term mining and gold production through a mobile gravity plant.
• Strong copper potential shown at depth in previously completed shallow holes to be followed up by deep diamond holes to test mineralisation at depth.
• Three priority drill targets defined – approvals in place for diamond drill program to commence 1Q23.

Commenting on acquisition of the Revere Gold Project, Chief Operating Officer Simon Phillips said:

“The acquisition of the RGP represents a transformational opportunity in a proven prolific gold producing region of Western Australia. Gold and precious metals development is a core pillar in EMC’s business strategy and RGP is highly complementary to the recent developments the company has made in the battery metals sector. RGP is an advanced asset with significant gold and copper potential – both at surface and at depth – which is clearly evidenced from previous exploration work undertaken across the project, from which there is an abundance of high-quality technical data. Our technical team believes there is a clear pathway to establishing a JORC compliant resource and we look forward to providing further details on our exploration strategy and work plans shortly.”

Read the article online at: https://www.globalminingreview.com/mining/13012023/emc-to-acquire-up-to-100-of-revere-gold-project/