RV: Hunting Haile Mine Analogues in NC Slate Belt

JOE MAZUMDAR, Haywood Securities (04/26/2011)
"Revolution Resources is focused on proving up gold resources at its Champion Hills Gold Project in the historical North Carolina Gold Belt, comprising ~5,000 acres, has the potential to host strata-bound bulk-tonnage gold targets; April 2011 drill results returned up to 104m grading 1.27 g/t gold (including 40m grading 2.33 g/t gold). The company is actively drilling the prospect while expanding the land package. . .recently increasing its land position from 800–5,000 acres (~20 sq. km.) in the northeast end of the Champion Hills Trend [and] has ample funds following completion of a $13M January 2011 financing to fund its 2011 exploration program and corporate burn rate of $1.7M."

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