Revere Project’s New Gold Anomaly Raises Exploration Stakes
Everest Metals Corporation's recent aircore drilling at the Revere Gold Project confirms a continuous regional gold trend with multiple high-grade intercepts, setting the stage for a maiden resource estimate.
- Aircore drilling confirms continuous gold mineralisation over 7km strike
- Multiple high-grade gold intercepts including 13.8 g/t Au over 1m
- Identification of two major mineralised zones including a new 1.1km gold anomaly
- Drilling mapped key shear zones and alteration zones for targeted exploration
- Maiden JORC Mineral Resource Estimate expected by late June 2025
Context and Location
Everest Metals Corporation Ltd (ASX, EMC) has released promising results from its recent aircore drilling program at the Revere Gold Project, located in Western Australia's prolific Murchison region. Situated approximately 90km northeast of Meekatharra and strategically near established mining operations such as DeGrussa and Andy Well, the project is gaining attention for its extensive gold mineralisation potential.
Drilling Highlights and Geological Insights
The company completed 348 aircore drill holes totaling nearly 7,000 metres, confirming a continuous gold trend along a 7-kilometre strike of the Revere Reef system. Noteworthy intercepts include high-grade gold assays such as 13.8 grams per tonne (g/t) over one metre and 11.3 g/t over one metre, indicating the presence of both bulk-tonnage and high-grade vein-style mineralisation. The drilling successfully delineated shear zones and mineralised host lithologies, revealing a complex stockwork of gold-bearing quartz veins within a broad alteration zone up to 300 metres wide.
Discovery of Two Prominent Mineralised Zones
Two key mineralised zones have been identified. Mineralised Zone 1 extends approximately one kilometre along strike and includes areas previously bulk sampled, showing continuity between high-grade pits. Mineralised Zone 2 is a newly discovered 1.1-kilometre gold anomaly located southwest of Zone 1, characterized by structural complexity and fault intersections that suggest a large-scale mineralised system. Drill holes in this zone confirmed gold mineralisation at depths up to 89 metres, underscoring the potential for deeper targets.
Technical Approach and Future Plans
Sampling was conducted using industry-standard aircore drilling and analysed via PhotonAssay, a high-energy X-ray fluorescence technique well-suited for coarse gold mineralisation. The program's geological insights are pivotal for the upcoming maiden JORC Mineral Resource Estimate, anticipated by late June 2025. Everest Metals plans further infill drilling to refine mineralised zones and unlock additional upside potential along known and prospective shear zones.
Strategic Implications
These results reinforce the Revere Project's position as a significant gold exploration asset within a proven gold-producing region. The combination of near-surface oxide mineralisation and structurally controlled high-grade shoots offers a compelling exploration and development pathway. Everest Metals’ methodical approach, combining bulk sampling, detailed drilling, and advanced assay techniques, positions the company well to define a robust resource base.
Bottom Line?
As Everest Metals advances toward its maiden resource estimate, the Revere Project’s evolving gold story could reshape its market prospects.
Questions in the middle?
- What will the maiden JORC Mineral Resource Estimate reveal about the project's scale and grade?
- How will further infill and deeper drilling impact the understanding of mineralisation continuity?
- What are the potential timelines and capital requirements for advancing Revere toward development?
