Everest Metals Corporation (ASX: $EMC) initiates bulk sampling program at Revere Gold and Base Metals Project

Everest Metals Corporation Limited (ASX: $EMC) has commenced a bulk sampling program at the Revere Gold and Base Metals Project, aiming to process high grade Revere reef gold bearing ore from its 36,000 tonne bulk sampling program over Q2 and Q3 of 2024. The program is designed to convert the existing exploration target into a JORC 2012 Mineral Resource Estimate and is expected to result in significant gold recoveries through the use of a Modular Gekko mobile crushing grinding gravity gold processing plant.

Executive Commentary on Bulk Sampling Program at Revere Gold Project

CEO and Executive Chairman, Mark Caruso, stated, 'Record gold prices of circa $3500/oz have coincided with the commencement of EMC's bulk sampling program. With an established exploration target of 334,000oz, we are confident of building a high quality resource at Revere. The bulk sampling program also presents the opportunity to process high grade ore, which, extensive metallurgical test work has demonstrated high grade recoveries through primary gravity concentrate production.'

Summary of EMC's Bulk Sampling Program at Revere Gold Project

Everest Metals Corporation (ASX: $EMC) has initiated a bulk sampling program at the Revere Gold and Base Metals Project, with the aim of processing high grade Revere reef gold bearing ore to convert the existing exploration target into a JORC 2012 Mineral Resource Estimate. The program is expected to result in significant gold recoveries and the establishment of a substantial JORC resource through the conversion of historical high-grade mineralisation results into an inferred/indicated MRE. The company also plans to conduct additional metallurgical test work and air core resource drilling in the coming months to further advance its corporate strategy and goals.