Revelo Resources (TSXV:RVL) reported that Kinross Gold (TSX:K) subsidiary, Kinross Minera Chile Limitada, has completed its expenditure commitment for the first year of its option and joint venture agreement at Revelo’s Las Pampas gold-silver project in Chile.

As quoted in the press release:

Kinross had until April 2015 to complete the minimum expenditures of US$500,000. Kinross can earn a 60% interest in the Las Pampas project by funding and incurring an aggregate of US$5M in exploration expenditures over 4 years from the date of the Agreement.

Kinross is exploring principally for low-sulphidation, epithermal precious metals veins and related deposits along a highly-prolific segment of the north-Chilean cordillera at Las Pampas (News Release July 30, 2014). Kinross’ work to date has defined a zone of epithermal precious metals veins along the Cerritos Trend, as well as new targets in the Cerros Bayos and Jarosita areas. Kinross plans to carry out further follow-up exploration on these targets, as well as investigating other targets.

Click here to read the Revelo Resources (TSXV:RVL) press release