Resource Drilling, Scoping Study, JV Buyout at Revere Gold

Key points

• Over 6,000m aircore drilling campaign commenced
• Scoping Study to assess development pathways
• EMC increases and rationalises its JV and tenement ownership

Full summary

Everest Metals Corporation Ltd (ASX: EMC) has commenced a 6,000m aircore drilling program at its Revere Gold Project in Western Australia, aiming to expand resources and enhance geological confidence. The program targets resource expansion and continuity within the Revere mineralised system. EMC has also appointed Como Engineers to conduct a Scoping Study, which will assess potential development pathways for the project. Additionally, EMC has increased and rationalised its joint venture and tenement ownership in the Revere Project, simplifying existing arrangements.

Outlook

The ongoing drilling and Scoping Study are expected to provide a clearer basis for determining the next stage of Revere's development.