-1200x645-800x430.jpg)
- Maiden MRE of 15Mt at 0.54 g/t for 260,780 ounces of gold
- More than 40% classified as indicated mineral resources
- Mineralisation commences at surface and remains open along strike
- Deposit appears to be amenable to open pit mining
Everest Metals Corporation (ASX: EMC) has unveiled a maiden mineral resource estimate (MRE) for the Revere gold project in the Mid-West region of WA.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The MRE has come in at 15 million tonnes (Mt) at 0.54 grams per tonne (g/t) for 260,780 ounces of gold.
EC and CEO Mark Caruso said that notably more than 40% of the MRE is classified as indicated mineral resources.
“The maiden mineral resource at Revere represents a significant milestone for the company, confirming a large, near-surface gold system with demonstrated continuity,” Mr Caruso said.
“Results of the previously completed bulk sampling and metallurgical testwork has confirmed that gold can be extracted via a simple gravity process and coupled with the open pit nature of the ore body, provides increasing confidence in the potential development pathway.
“With only a portion of the Revere reef system drilled and mineralisation remaining open, further drilling is expected to support resource growth and improved confidence over time.”
Everest is now planning further resource drilling along the Revere Reef shear zone to test extensions of known mineralisation and define additional resources.
An upcoming aircore (AC) drilling program will target both along-strike and down-dip positions to improve geological understanding and test continuity of mineralised structures.
Mr Caruso said these programs will support future resource estimation updates and guide subsequent exploration activities over the broader Revere project.
EMC is steady at 11.0¢. Mkt cap $29.66M.
Join the discussion: See what Hot Copper users are saying about Everest Metals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.