Revonergy Moving Forward on Perth Gold Project in Chile

Red Metals Resources (OTCBB:RMES) & Revonergy Inc. (OTCBB:RNRG) report it is moving forward on the Perth gold project in Chile.

The press release is quoted as saying:

Geologists are currently surveying the Perth Property which is the subject of the joint venture agreement (the “JV Agreement”) with Red Metal Resources (OTCBB:RMES) (“RMES”) as announced March 21, 2011. Pursuant to the earn-in Agreement Revonergy has the right to purchase up to 50% of the mining project by completing certain work expenditures over a four year period. The consultants, Fladgate Exploration, expect to detail their findings in a report including recommendations for a multi-phase exploration program in the very near future.

Click here to access the entire news release.

Click here to access Red Metal Resources’ company profile.