Metals and Mining
Company Overview of Revolver Resources Inc.
Revolver Resources Inc., a junior mineral exploration company, acquires, explores, and develops mineral properties in Canada. The company has an option to acquire a 60% interest in the Summit B property that is located in the northwestern British Columbia. Revolver Resources Inc. was incorporated in 2007 and is based in Vancouver, Canada.
888 Dunsmuir Street
Vancouver, BC V6C 3K4
Founded in 2007
Key Executives for Revolver Resources Inc.
Chief Financial Officer and Director
Compensation as of Fiscal Year 2015.
Revolver Resources Inc. Key Developments
Revolver Resources Inc. Announces Executive Changes
Sep 7 16
The Board of Revolver Resources Inc. has appointed Mr. Dan Stuart as Director, CEO and President to assist the company in refocusing its efforts on the emerging Gold bull market and procuring financing for any upcoming opportunities. Mr. Stuart is the Senior V.P. Western Canada of Aberdeen Gould Capital Markets Ltd. He is a successful financier in Canada's capital markets with over 20 years of experience and has raised over $100 million in funding for public and private corporations. He has a vast network of high net worth and institutional clients in the Americas, Europe, Middle East and Asia. Mr. Stuart previously built substantial client businesses within two of Canada's independent brokerage firms. Further the company reported that Mr. Barry Brown will remain chairman of the board and Mr. Rob Birmingham is stepping down as director.
Revolver Resources Inc. to Begin Exploration at its High Grade Gold Drop Property
Aug 18 16
Revolver Resources Inc. announced it will begin exploration in two weeks at its high grade Gold Drop property, located near Greenwood, southeast British Columbia. The company recently entered into an option agreement with Ximen Mining Corp. to acquire 100% interest in the Gold Drop property. The property consists of 11 mineral claims and 9 crown grants covering an area of approximately 2150 hectares. The property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property includes at least 8 low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. The initial work to be conducted by Revolver will include locating historic workings on the property and mapping and sampling quartz veins at these workings. More recent work during the 1980s to 2015 has been focused in the eastern region of the property in the general area of the Gold Drop and North Star workings. Other workings (open cuts, trenches, adits and /or shafts) are documented on the property including pre-1950 workings in the northwest region (area of Alice, Amandy, Lakeview, Lady of the Lake, Moonlight and Roderick Dhu veins or vein systems), the southern region and the eastern-most region of the property (east of the Gold Drop and North Star workings). The most recent work on the property was conducted by Ximen Mining Corp. during 2014 and 2015. This included trenching, geological mapping and rock sampling in the eastern region of the property. Visible gold was located in a quartz vein outcrop near the North Star underground workings. The highlight of this work was a grab sample of mineralized quartz vein rubble excavated from a North Star trench which assayed 155 g/t Au and 744 g/t Ag.
REVOLVER RESOURCES INC. Enters into Option Agreement with Ximen Mining Corp to Acquire 100% Gold Drop Property in Greenwood, British Columbia
Jun 28 16
Ximen Mining Corp. announced that it has signed an option agreement REVOLVER RESOURCES INC. whereby the company may acquire 100% of Ximen's Gold Drop property in Greenwood, British Columbia. Under the Agreement, the company may earn-in a 100% interest in the Property by making certain staged cash payments and share payments of common shares in the capital of the company to Ximen over a four year period equal to a total of $400,000 ($100,000 each year) in cash and such number of common shares equal to $600,000, in addition to 1,000,000 common shares of the company within five business days following the approval of the Transaction by the TSX Venture Exchange and work expenditures on the Property of $1,000,000.
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