REV Receives Authorization For Drilling For Jmw Gold Property In Chibougamau Camp
VANCOUVER - REV Exploration Corp. ("REV" or the "Company") (TSXV: REVX; OTC: REVFF), formerly Gitennes Exploration, is pleased to announce that it has received the Autorisation de Travaux d'Exploration à Impacts (ATI) (Authorization For Drilling) for its recently expanded JMW Property in the Chibougamau Gold Camp of Northern Quebec. JMW is an advanced prospect (nearly three dozen holes have been drilled historically) along the same trend as IAMGOLD's multi-million-ounce Nelligan deposit, located approximately 30 kilometres to the east. Mr. Jordan Potts, REV CEO, commented: "Receiving our drilling authorization and completing the geochemical program are significant milestones for REV, not to mention the recent doubling in size of the JMW land package. Together, these achievements set the stage for a focused and data-driven drill campaign at JMW. We're very encouraged by what we're seeing across the broader Chibougamau Gold Camp. With gold prices at record highs, this is an excellent time to be advancing exploration in Quebec."
Historical Context
This authorization marks a major milestone for REV as it targets a fresh discovery in this prolific gold camp, building on a shallow depth 7 g/t Au over 0.7-metres intercept by Gitennes under previous management in 2022. This mineralization within a 2-metre quartz vein at just 75 metres vertical depth (hole 22JMW-03) occurred within a large under-explored area dominated by Caoptina sediments outside the main historical trend, and points to the potential of gold enrichment in this part of the property. This new area of focus is juxtaposed on a documented felsic complex comprising sub-volcanic intrusions with related volcanics. This assemblage could have played a role in the gold mineralization process.
Most of the historical work at JMW was on systematically altered porphyritic felsic intrusions interlayered with mafic to felsic volcanics, forming an intrusive complex. These units are in contact with Caoptina formation sediments to the south, the area being revisited by REV with greater structural understanding.
Since 1980, 34 relatively shallow drill holes comprising 7,385 metres have been completed at JMW, along with surface sampling, mapping and geophysics, providing the Company with a rich assessment report for review and reinterpretation.
Moving Forward
REV crews have taken 800 soil samples at strategic locations across JMW. Results are expected shortly and will optimize drill target selection for the initial program that will include up to 32 permitted drill pads.
Readers are cautioned that mineralization and mineral deposits on properties neighbouring JMW are not necessarily indicative of mineralization or deposit potential at JMW.
Figure 1: Chibougamau Gold Camp Map
Qualified Person
Information contained in this news release was reviewed and approved by Martin Demers, P.Geo., ogq No. 770, a Qualified Person as defined under National Instrument 43-101, responsible for the technical information provided in this news release. Mr. Demers is an independent consultant of REV Exploration.
About REV Exploration Corp.
REV is a mineral exploration company that owns a suite of gold and battery metal properties in Quebec highlighted by JMW and Maxwell in the Chibougamau area, while the Company also has strong exposure to the Natural Hydrogen sector in Alberta and Saskatchewan. REV has acquired 100% of a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, while it also has a significant equity position in MAX Power Mining Corp. which owns Canada's largest permitted land package for Natural Hydrogen in Saskatchewan.
For further information on the Company, readers are referred to the Company's website at www.REVexploration.com and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
REV Exploration Corp.
Suite 410 -325 Howe Street,
B.C. V6C 1Z7
Tel: 604-682-7970
info@revexploration.com
REVexploration.com
Jordan Potts CEO, Director
For further information, please contact:?
Chad Levesque
Investor Relations
1-306-981-4753
info@revexploration.com
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This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results
"may", "could", "should", "would" or "occur". All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, the completion of the Transaction and the material terms of the final agreement of the Transaction. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that all conditions to completion of the Transaction will be fulfilled, and including TSX Venture Exchange approval.
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