Revolver Resources discovers new VMS system at Dianne copper project
The new VMS discovery has been identified from a maiden diamond hole less than 10km from Revolver’s existing Dianne copper deposit.
Revolver Resources (ASX: RRR) has discovered a significant new volcanogenic massive sulphide (VMS) system in its district-scale tenement package within the greater Dianne project area in Far North Queensland.
A recent airborne time domain electromagnetic (EM) survey identified multiple high-priority conductive anomalies across the region, which contains the Larramore volcanic belt.
A maiden diamond hole testing the first of these anomalies identified a VMS discovery, less than 10km from the existing Dianne deposit.
Results returned over 260 metres of broad mineralisation, including recurring copper within the heavily-altered host volcanic rocks together with the intersection of a number of VMS stockwork zones.
Drilling also confirmed the VMS potential of the district and the validity of the targets intersecting the mineralisation.
Ground-breaking result
Revolver managing director Pat Williams said the discovery is a “ground-breaking result” which provides the evidence needed to upscale exploration activities across the copper precinct.
“Our discovery goal for the greater Dianne project was to identify additional extensions and repeats of the historic VMS mineralisation,” he said.
“This drill hole result ticks that box and provides the momentum for us to accelerate exploration efforts to quantify and deliver the full potential of this very exciting region.”
The new discovery is believed to further reinforce the potential for a proximate “hub and spoke” operation as Revolver works to become Queensland’s next emerging copper producer.
Drilling provides valuable information
Mr Williams said valuable information has been obtained from the initial drill hole.
“To hit clear VMS stockwork mineralisation validates that VMS systems were active in the Larramore volcanic belt, and reinforces the potential for significant future discoveries further afield as we systematically test multiple targets,” he said.
“Also, the position of the VMS mineralisation downhole coincident with the modelled EM conductor validates the first EM target and the broader exploration rationale of using EM response to narrow in on targets, hinting at a potential series of clustered deposits along the trend.”