Growth & Exploration
Revett has the distinct Exploration & Growth advantage of owning the fully permitted and producing Troy Mine located within one of the most prospective regions in the world for stratabound copper and silver deposits as shown on the following map from a report prepared by the USGS.
In addition to Troy and Rock Creek, the Company has acquired the mineral rights to six exploration stage properties, grouped as three projects; the "Adjacent Properties" at Rock Creek, the "JF Property" near Troy, and the "Vermilion River/Simms Creek Properties" south of Rock Creek. All of these properties are geologically similar to Troy and Rock Creek being Revett Formation hosted stratabound copper targets. A brief summary of each project is provided as follows.
Adjacent Properties
These properties consist of three unpatented claim groups (Copper Gulch, Horizon Basin & Rock Peak) which cover the lateral extensions of the Rock Creek deposit off of the original patented claims. The prior owners drilled a total of thirty-six (36) boreholes into mineralization on this claim group. The Company acquired these claims, along with the drill data, at the time the Rock Creek claims were acquired. At the time of feasibility, the potential of these claims will be assessed as potential for Rock Creek. Discussion of the "Adjacent Properties" can be found on SEDAR in the "Independent Technical Report on the Rock Creek Cu-Ag Project", dated May 7, 2004 and revised January 27, 2005.
JF Property
The JF Property consists of one unpatented claim group near (~1 mile) the Company's Troy Mine. The prior owner of these claims drilled twelve (12) boreholes into mineralization. The Company re-staked these claims in 2004 and plans to explore the property with additional core drilling in 2011.
Vermilion River/Simms Creek Properties
The Vermilion River/Simms Creek Properties consist of two unpatented claim groups ~25 miles southeast of Rock Creek. Limited drilling was conducted by a prior owner on the Vermilion River claim group. The Company acquired this data at the time of acquisition in 2003. The Simms Creek group is untested.
