Everest Metals Launches 7,000m Drilling to Define Revere Gold Resource

Drilling Campaign Commences

Everest Metals Corporation Ltd (ASX, EMC) has commenced a significant 7,000-metre aircore drilling program at its Revere Gold Project, located in Western Australia's prolific Murchison region. The campaign aims to systematically delineate two major gold-bearing shear zones, Big John and Armstrong, which have emerged as the primary structural corridors hosting mineralisation within the project area.

The drilling program is designed to infill gaps in existing data and better define the geometry and continuity of these mineralised zones. With closely spaced holes planned along 12 drill fence lines, the company is targeting depths of up to 90 metres to provide a robust dataset supporting the delivery of a maiden Mineral Resource Estimate (MRE) anticipated in 2026.

Expanding the Project with Armstrong Tenement Acquisition

Adding to the project's potential, Everest Metals recently acquired the Armstrong tenement (E51/2088), which hosts one of the key mineralised zones targeted in this drilling phase. Historical drilling within Armstrong has intersected encouraging gold grades at depth, including intervals exceeding 1 gram per tonne, underscoring the zone's promise as a significant contributor to the overall resource.

This acquisition not only expands the project's footprint but also enhances the geological understanding of the Revere Reef system, a complex gold-bearing shear system known for its mesothermal-style gold stockworks and coarse visible gold occurrences.

Environmental Progress and Future Outlook

Parallel to exploration activities, Everest Metals has completed comprehensive environmental surveys across key tenements, including flora, fauna, and vegetation assessments. The findings indicate no presence of threatened species or ecological communities, clearing a critical hurdle for progressing statutory approvals. These studies lay the groundwork for a mining proposal planned for submission in 2026, aligning with the timeline for the maiden resource estimate.

Executive Chairman and CEO Mark Caruso expressed optimism about the drilling campaign, highlighting the importance of the current program in closing data gaps and refining the understanding of mineralisation continuity. The company’s methodical approach, combining close-spaced drilling with bulk sampling and detailed geological mapping, aims to unlock the full potential of the Revere Gold Project.

Strategic Positioning in a Proven Gold Province

Situated approximately 90 kilometres northeast of Meekatharra, the Revere Gold Project lies within a well-established gold-producing region along an extension of the Andy Well Greenstone Shear System. The project's geological setting features complex fault systems and alteration zones typical of significant mesothermal gold deposits, with mineralisation confirmed from surface to depths exceeding 130 metres.

Everest Metals’ ongoing exploration and development efforts at Revere position the company to potentially deliver a meaningful new gold resource in a Tier-1 jurisdiction, reinforcing its portfolio of precious and critical mineral assets across Western Australia.