EMC's Aircore Drilling Confirms Extensive Gold Trend at Revere Project
Everest Metals Corporation Ltd Revere Gold Project has announced compelling evidence of a continuous regional gold trend across its Revere Gold Project in Western Australia, confirming the significant scale of the mineralisation system through an extensive aircore drilling program.
The program, comprising 348 aircore drill holes totaling 6,982 meters, successfully delineated shear zones with standout one-meter gold intercepts of 11.3 g/t, 13.8 g/t, 2.94 g/t, and 3.53 g/t Au at shallow depths.
Strategic Gold Discovery Confirms Regional-Scale Potential
The Revere Gold Project occupies a strategic location along strike from the DeGrussa and Monty Copper-Gold mines (55km southeast) and the Andy Well gold mine (40km southwest) in Western Australia's productive Murchison Region.
The drilling results have identified two significant mineralisation zones:
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Mineralised Zone 1: A ~1km gold system within tenement E51/1766 and mining lease application area M51/905, extending the known bulk sampling area by 250m southwest and 400m northeast.
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Mineralised Zone 2: A newly discovered 1.1km gold anomaly located within tenement E51/2088, representing a southwestern continuation of Zone 1.
"The extensive drilling program has delivered regionally significant results, confirming continuous gold mineralisation along the Revere strike. The considerable scale of these mineralised zones, combined with the newly discovered high-priority target, sets the stage for further exploration opportunities. Additionally, the valuable geological insights gained from this program are crucial for delivering our maiden JORC Mineral Resource Estimate at Revere," said Executive Chairman and CEO Mark Caruso.
Technical Insights: Understanding Revere's Gold System
The drilling program has provided valuable insights into the geological characteristics of the Revere gold system:
| Drilling Program Highlights | Details |
|---|---|
| Total holes | 348 holes |
| Total meters | 6,982 meters |
| Primary drill fence lines | 10 lines, spaced 400-800m apart |
| Key target | 7km strike of Revere Reef system |
| Assay method | PhotonAssay™ (detection range 0.03-350 ppm) |
| Sample size | 7,070 samples including QA/QC controls |
Saddle Reef Structure: A Gold-Bearing Geological Feature
The Everest Metals Corporation Ltd Revere Gold Project features characteristics similar to the deposits of Victoria's famous Bendigo goldfields, including the Fosterville gold mine. The drilling has confirmed a well-developed saddle reef structure along the anticlinal axis—a formation highly favorable for hosting significant gold deposits.
This structure type is known for producing high-grade gold in concentrated zones, which explains the "nuggety" gold distribution observed at Revere. The gold mineralisation is predominantly quartz vein hosted and appears concentrated along anticlinal fold crests, with mineralisation continuing along the north and south dipping legs of the saddle reefs.
Understanding "Nuggety" Gold Distribution
Gold at Revere occurs in what geologists describe as a "nuggety" distribution pattern. This means the gold is distributed unevenly throughout the mineralised system, with concentrated pockets of high-grade gold separated by areas of lower grade material.
This type of gold distribution presents both challenges and opportunities for exploration and mining. While it can make resource estimation more complex, it also creates the potential for high-grade zones that can significantly enhance project economics.
The aircore drilling results demonstrate this pattern, with exceptional high-grade hits of 11.3 g/t and 13.8 g/t Au within broader zones of anomalous gold. This pattern aligns with previous bulk sampling results, which returned spectacular grades including:
- Hole H13-9: 1m at 81.4g/t Au
- Hole H12-8: 1m at 96.9g/t Au
- Hole H13-8: 1m at 38.7g/t Au
- Hole P2-2: 1m at 85.1g/t Au
Path to Maiden Resource Estimate
EMC is actively advancing the Everest Metals Corporation Ltd Revere Gold Project toward a maiden JORC Mineral Resource Estimate, expected in late June 2025. The current drilling program has provided crucial data for this estimate, confirming the continuity and extent of gold mineralisation across the project area.
The company's next steps include:
- Finalizing the maiden Mineral Resource Estimate (late June 2025)
- Planning for an infill aircore drilling program to further test mineralised zones
- Additional aircore drilling targeting new gold discoveries along known and potential shear zones
Why Investors Should Take Notice
The Revere Gold Project demonstrates several compelling attributes that make it worthy of investor attention:
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Scale and Continuity: The confirmation of continuous gold mineralisation across a 7km strike length indicates a large-scale gold system with significant resource potential.
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High-Grade Potential: The presence of multiple high-grade intercepts (up to 13.8 g/t Au) highlights the potential for concentrated zones of high-grade gold that could enhance project economics.
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Strategic Location: Positioned in a proven gold-producing region of Western Australia, near established mines, the project benefits from excellent infrastructure and regional geological understanding.
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Pending Milestones: With a maiden resource estimate imminent, EMC is approaching a significant valuation catalyst that could redefine market perception of the project's potential.
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Exploration Upside: The discovery of a new 1.1km gold anomaly (Zone 2) demonstrates substantial exploration upside beyond the known mineralisation areas.
What is a Saddle Reef Gold System?
Saddle reef gold systems are distinctive geological structures that form in folded sedimentary rock sequences. Named for their saddle-like appearance, these structures develop where gold-bearing quartz veins form along anticlinal fold hinges (the crest of a fold).
These systems are characterized by:
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Anticlinal Folds: Upward-arching folds in rock layers where the oldest rocks are at the core.
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Quartz Veins: Gold-bearing quartz veins develop along the fold hinges and limbs, often thickening at the crest.
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Structural Controls: Gold deposition is controlled by structural features like the fold geometry, fractures, and faults.
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Stacked Reefs: Multiple saddle reefs can form in a stacked arrangement, one above another, creating a series of gold-bearing horizons.
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High-Grade Potential: These systems often contain zones of exceptionally high-grade gold, especially at the fold hinges.
Saddle reef deposits are famous for producing some of the world's richest gold mines, particularly in Victoria's Bendigo and Ballarat goldfields. The Fosterville Mine in Victoria, which has become one of Australia's highest-grade and lowest-cost gold producers, shares geological similarities with the Revere system.
The nuggety gold distribution typically found in these systems means that gold occurs in concentrated pockets rather than being evenly distributed. This pattern can create extraordinary high-grade zones but requires careful exploration and mining approaches to effectively evaluate and extract the resource.
The confirmation of a well-developed saddle reef structure at Revere suggests the potential for a significant gold system with characteristics similar to these historically productive goldfields.
Technical Background: The Revere Project Setting
The Everest Metals Corporation Ltd Revere Gold Project is situated in the Palaeoproterozoic Yerrida Basin siliciclastic, within the Doolgunna Graben – Doolgunna Formation. The Yerrida Basin has a faulted contact with the Bryah Basin in the northwest (Goodin Fault) and unconformably overlies, or is in tectonic contact with, Archaean granite-greenstone rocks of the Yilgarn Craton and the Marymia and Goodin Inliers to the south and east.
A second major fault parallel to the Goodin Fault is recognised in the project area—termed the Southern Boundary Fault—which offsets the Yerrida Group units. The system is associated with the Capricorn orogenic event.
The alteration system appears to represent a typical classic precious metal ductile shear system, known as the Revere Reef System. The gold mineralisation occurs as nuggety coarse to fine disseminated gold associated with mesothermal quartz veins and associated alteration contact halos.
Mapping and drilling of the quartz-carbonate gold reef system reveal a complex stockwork of gold-bearing lodes hosted within a broad alteration zone up to 300 metres wide and extending along strike for approximately 7 kilometres. Gold mineralisation has been intersected from surface to depths of at least 130 metres, highlighting the vertical continuity of the system.
The combination of confirmed mineralisation, high-grade potential, and imminent resource definition positions EMC's Revere Gold Project as a compelling opportunity in the Australian gold sector, with multiple catalysts on the horizon to potentially drive shareholder value.
Want to Know More About This Promising Gold Opportunity?
Everest Metals Corporation Ltd is advancing its Revere Gold Project towards a maiden JORC resource by mid-2025, with compelling evidence of a continuous regional gold trend and impressive high-grade intercepts. For investors looking to explore this strategic opportunity in Western Australia's productive Murchison Region, visit Everest Metals Corporation's website for comprehensive information about the company's projects and investment potential.
