Revolver to Begin Exploration at its High-Grade Gold Drop Property

VANCOUVER, BC / ACCESSWIRE / August 18, 2016 / REVOLVER RESOURCES INC. (TSXV: RZ) (the “Company” or “Revolver”) is pleased to announce it will begin exploration in 2 weeks at its high grade Gold Drop property, located near Greenwood, southeast British Columbia. The Company recently entered into an option agreement with Ximen Mining Corp. to acquire 100% interest in the Gold Drop property. The property consists of 11 mineral claims and 9 crown grants covering an area of approximately 2150 hectares. The property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property includes at least 8 low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined.

The Gold Drop property is described in a July 2016 NI-43-101 Technical Report. Gold and silver bearing quartz veins or vein systems within the property include North Star, Gold Drop, Amandy, Lakeview, Lady of the Lake, Roderick Dhu, Alice and Moonlight (MINFILE Nos. 082ESE152, 082ESE153, 082ESE126, 082ESE056, 082ESE127, 082ESE125, 082ESE225 and 082ESE224). Other gold bearing veins are documented on the property as per mineral assessment reports. The property has 100’s of meters of underground workings with the most extensive workings being at Gold Drop, North Star and Amandy.

Small-scale intermittent mining was conducted at Gold Drop, North Star, Amandy and Roderick Dhu veins during the period of 1919 – 1941. This included:

North Star: 6,178 tonnes mined with 3.8 g/t Au and 76.9 g/t Ag recovered.
Amandy: 1,059 tonnes mined with 10.0 g/t Au and 185.2 g/t Ag recovered.
Gold Drop: 294 tonnes mined with 16.5 g/t Au and 98.3 g/t Ag recovered.
Roderick Dhu: 25 tonnes mined with 19.9 g/t Au and 275 g/t Ag recovered

The initial work to be conducted by Revolver will include locating historic workings on the property and mapping and sampling quartz veins at these workings. More recent work during the 1980s to 2015 has been focused in the eastern region of the property in the general area of the Gold Drop and North Star workings. Other workings (open cuts, trenches, adits and /or shafts) are documented on the property including pre-1950 workings in the northwest region (area of Alice, Amandy, Lakeview, Lady of the Lake, Moonlight and Roderick Dhu veins or vein systems), the southern region and the eastern-most region of the property (east of the Gold Drop and North Star workings).

The most recent work on the property was conducted by Ximen Mining Corp. during 2014 and 2015. This included trenching, geological mapping and rock sampling in the eastern region of the property. Visible gold was located in a quartz vein outcrop near the North Star underground workings. The highlight of this work was a grab sample of mineralized quartz vein rubble excavated from a North Star trench which assayed 155 g/t Au and 744 g/t Ag. The Gold Drop Project has easy access and good infrastructure in place.

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

Further the company also announces it has entered into an arm’s length agreement to purchase a minority interest in a private project generation syndicate that is focusing on precious metal targets in BC Canada.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors
Barry Brown, Director
604-488-3900

This News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Revolver undertakes no obligation to update such statements, except as required by law.

Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licences and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the Company’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Revolver Resources Inc.

ReleaseID: 443967