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Revolver Enters into an Exclusivity Agreement with Ximen Mining Corp.
Vancouver, British Columbia (FSCwire) - REVOLVER RESOURCES INC. (TSXV: RZ) (the “Company” or “Revolver”) is pleased to announce that it has entered into an excl
About this update from Ggx Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - REVOLVER RESOURCES INC. (TSXV: RZ) (the “Company” or “Revolver”) is pleased to announce that it has entered into an exclusivity agreement (the “Exclusivity Agreement”) with Ximen Mining Corp. (TSXV:XIM) (“Ximen”) whereby Revolver will have up to thirty days to conduct due diligence on certain of Ximen’s mineral claims commonly known as the Gold Drop Property in Greenwood, BC, with a view to negotiating the terms of a letter of intent and, if applicable, a definitive agreement in order to complete the acquisition of certain of Ximen’s mineral claims (the “Transaction”). The Gold Drop property is located in the prolific Republic Graben geological formation with historic production of 8 million ounces of gold. Past production on the Gold Drop property is highlighted below. Small-scale intermittent mining was conducted at Gold Drop, North Star, Amandy and Roderick Dhu veins during the period of 1919 - 1940. This included: North Star: 6,178 tonnes mined with 3.8 g/t Au and 76.9 g/t Ag recovered. Amandy: 1,059 tonnes mined with 10.0 g/t Au and 185.2 g/t Ag recovered. Gold Drop: 180 tonnes mined with 23.9 g/t Au and 143.4 g/t Ag recovered. Roderick Dhu 25 tonnes mined with 19.9 g/t Au and 275 g/t Ag recovered Visible Gold from the Gold Drop property.To view the graphic in its original size, please click here The Gold Drop Project is located in Greenwood southern B.C., has easy access and good infrastructure in place. Ximen has completed a NI 43-101 technical report on the Gold Drop Property (the “Report”). The Report, dated January 21 2014, entitled “The Gold Drop Property”, was prepared by Linda Caron,M.Sc., P. Eng. following the guidelines of NI 43-101 and NI 43-101F1. To the best of the Company’s knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure regarding the Gold Drop Property inaccurate or misleading. Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate. This news release...