Commentary
Another Colorado Resources?
Written by: Bob Moriarty
Jun 14, 2013
Management from Revolver Resources got in touch with me after the latest drill results from Colorado Resources (CXO-V). They sent me a map showing Colorado’s intended drill program is approaching their southern boundary.
Colorado Resources was the company that released interesting drill results on April 25th, 2013 and promptly shot up from $.16 to $1.74. Colorado released more results a week ago and the price of the shares came back closer to earth closing at $.84 on June 13. Their first hole showed 242 meters of .63% copper and .85 g/t gold. Later drill holes came in at .40% copper and .5 g/t gold over 205 meters.
Imperial Metals is building a mine at Red Chris 15 km to the Southeast on tread with both Colorado and Revolver. Red Chris shows just over 300 million tons at .359% copper and .274 g/t gold.
After seeing the drill results from Colorado and subsequent share action, Revolver was quick to cut a JV with Pistol Bay Mining, owner of the Summit B property on trend with Colorado and just on the north boundary of Colorado Resources’ North Rok project. Colorado Resources has just announced a 5000-meter drill program that takes them to their border with the Summit B project JVed by Revolver.
Revolver Resources has about $300,000 in cash and a market cap as of today of just $750,000. It’s been said that close only counts in horseshoes and hand grenades but in this case, close may be good enough.
Revolver is not an advertiser. I have participated in a PP last December, before this project came up. I am biased as I own shares.
Revolver Resources
RZ-V $.03 (June 13, 2013)
25.2 million shares
Revolver website -http://www.revolverresources.com/
Revolver Resources Inc.
1980 – 1075 W. Georgia St
Vancouver, BC
V6E3C9
Canada
Investor Relations Ph: 778-331-2025
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