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Revelo Reports on Initial Drill Test of its Cerro Buenos Aires Project
Sep. 18, 2018 08:50AM PST
Base Metals Investing The company said the initial drill test by Teck was undertaken as a proof of concept, and the results are encouraging for the presence of a potentially mineralised hypogene porphyry copper centre.
Revelo Resources (TSXV:RVL) is pleased to report that Teck Resources Chile Limitada, a subsidiary of Teck Resources Limited, (TSX:TECK.A,TECK.B), has completed an initial drill test of Revelo’s Cerro Buenos Aires property in northern Chile, designed to test for a possible porphyry copper system.
As highlighted by the release, widespread advanced argillic alteration extends over more than 5 Km north-south on the Cerro Buenos Aires hill located immediately to the west of the area drill tested by Teck, and is indicative of the upper portions of a porphyry copper and associated high-sulphidation precious and base metals system. The overall hydrothermal system is very large – at least 20 Km2, with further extensions to the north. A key N-S splay to a regional fault system (Dominador Fault) lies along the eastern margins of the property.
President and CEO of Revelo, Tim Beale said:
“The initial drill test by Teck was undertaken as a proof of concept, and the results are encouraging for the presence of a potentially mineralised hypogene porphyry copper centre associated with the magnetic anomaly, at greater depths than those drilled to date. We await further studies and results from Teck, together with a decision as to possible next steps.”
Click here to read the full Revelo Resources (TSXV:RVL) press release.
