Gitennes - Riddle Rare Earth Property Update

About this update from Rev Exploration Corp.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Sept. 1, 2011 /CNW/ - Gitennes Exploration Inc (TSXV-GIT) is pleased to announce that it has acquired additional properties at\n its Riddle Project situated in central British Columbia. A second\n option-to-purchase agreement has been reached, similar in terms to that\n announced previously in May 2011. The term of the agreement is four\n years in length with payments totalling $100,000 as follows: $10,000\n initial payment on signing the option agreement (paid), followed by a\n second $10,000 payment after six months, then payments of $20,000 each\n on or before the first, second, third, and fourth anniversaries. The\n property is subject to a 1% NSR royalty.\n\n\nThe Riddle Project covers a Tertiary alkaline volcanic feature that has\n rare-earth mineralization within phonolite flows and tuffs. A limited\n amount of rock sampling and trenching was done in 2000 by a previous\n owner. Samples returned values of 2550 to 3130 ppm lanthanum, 582 to\n 676 ppm neodymium, 3260 to 4340 ppm cerium as well as elevated europium\n and samarium. Mineralization is associated barite, celestite and\n fluorite; uranium and thorium contents are very low. The Company\n completed an initial assessment of the original property during August,\n 2011, including an orientation soil survey employing the MMI (Mobile\n Metal Ion) process, a proven analytical technique preformed at SGS\n Group geochemical Services Laboratories in Don Mills, Ontario that test\n soils for metals being carried to surface by ground waters. The survey\n yielded high contrast anomalies over the known mineralization and\n extends the zone of interest under cover to the edge of the gridded\n area (125 by 250 metres).\n\n\nWith the additional optioned claims Gitennes now controls 100% of the\n known extent of rare earth mineralization at Riddle as well as a large\n area of argillic alteration in the southern portion of the property. It\n is thought that the mineralization at Riddle may be unique compared to\n other British Columbia rare earth exploration settings, being hosted\n within a Tertiary alkaline volcanic centre. Additional work is planned\n at Riddle during the coming months including detailed geological\n mapping, expanded soil sampling coverage and trenching.\n\n\nThe Company also announces that its investor relations agreement with\n MarketSmart...

More updates from Rev Exploration Corp.