REV Receives Authorization For Drilling For Jmw Gold Property In Chibougamau Camp

Executive Summary

• REV Exploration Corp. received the Autorisation de Travaux d’Exploration à Impacts (ATI) for its expanded JMW property in Quebec’s Chibougamau Gold Camp.
• The company plans a data‑driven drill campaign, targeting up to 32 permitted drill pads after completing extensive soil sampling and geological work.
• Historical drilling on JMW includes a notable shallow intercept of 7 g/t Au over 0.7 m (hole 22JMW‑03), underscoring the prospect’s potential.

Key Details

• Authorization Received: Autorisation de Travaux d’Exploration à Impacts (ATI) granted for JMW property.
• Location: JMW sits on the same structural trend as IAMGOLD’s Nelligan deposit, ~30 km east of that multi‑million‑ounce resource.
• Historical Work: 34 shallow holes totaling 7,385 m drilled since 1980; includes a 2‑m quartz vein intersecting 7 g/t Au over 0.7 m at 75 m depth (hole 22JMW‑03).
• Recent Activities:
• Land package doubled in size under REV’s ownership.
• 800 soil samples collected across the property; results pending to refine drill target selection.
• Planned Drill Program: Up to 32 permitted drill pads slated for the initial campaign, leveraging new geochemical data and structural reinterpretation.
• Geological Setting: Intrusive complex of sub‑volcanic felsic intrusions with associated volcanics, in contact with Caoptina sediments; potential control on gold mineralization.
• Qualified Person: Martin Demers, P.Geo., ogq No. 770, independent consultant, reviewed and approved technical information.

Notable Quotes

“Receiving our drilling authorization and completing the geochemical program are significant milestones for REV… With gold prices at record highs, this is an excellent time to be advancing exploration in Quebec.” – Jordan Potts, CEO & Director, REV Exploration Corp.