Revolver Resources identifies new EM anomaly beneath Dianne massive sulphide copper project

Revolver Resources (ASX: RRR) has identified a major new and potentially significant electromagnetic anomaly below the existing high-grade massive sulphide ore body at its Dianne copper project in the Hodgkinson Province of far north Queensland.

The anomaly was discovered by recent geophysical surveys and is believed to show an identical conductive response to the drill-validated Dianne copper lens near surface.

The surveys were part of phase one exploration at the project and delivered clarity and confirmation of geology and geochemistry relating to shallower mineralisation at the lens and the adjoining wider Green Hill zone.

Further specialist ground-based geophysics has been prioritised across the existing pit to better define the anomaly’s depth and form, and guide a subsequent program of works.

It will include a moving loop electromagnetic (MLEM) survey to gain a higher degree of confidence and precision on a deeper conductivity anomaly along the Dianne mine trend.

Remarkable results

Revolver managing director Pat Williams said multiple phases of systematic, modern exploration at Dianne had yielded “remarkable results” to date.

“We are building on the geological knowledge obtained from phase one drilling by adding incremental state-of-the-art exploration activities electromagnetics around the Dianne pit, which have revealed very exciting responses from the conductive anomaly and shown an identical conductive response to the massive sulphide lens that we know exists at shallower depths,” he said.

“We are very pleased to see upside potential from the results of our recent work we are responding to these results by prioritising additional exploration with a view to defining drill targets into this anomaly.”

New tenements

Earlier this week, Revolver announced it had secured the acquisition of two new tenements adjacent to the Dianne project from junior explorer Great Southern Mining (ASX: GSN).

Under the terms of an option deed, Revolver will pay a $100,000 fee to explore the 360 square kilometres of ground over 12 months.

If it chooses to acquire the tenements after this time, it will pay Great Southern a further $150,000 in cash and issue it with $750,000 in Revolver shares.