LONDON, UNITED KINGDOM -- (Marketwire) -- 07/19/11 -- Revonergy Inc. ('Revonergy' or the 'Company') (OTCBB: RNRG) today is providing an update on its Perth Gold project in Chile (the 'Perth Property').
The Perth Property consists of six exploitation claims totaling 918 hectares (2,268 acres) and six exploration claims totaling 1,365 hectares (3,373 acres). The Perth Property is adjacent to the west side of the historic Carrizal Alto mine and lies approximately 3.5 kilometers north of Red Metal's Farallon project.
Work on the property is progressing well and management has been meeting with senior geologists from Fladgate Exploration. Positive discussions have taken place with respect to the sampling and surface mapping programme that is considered the next stage.
'This rapid progress has been made possible due to Fladgate Exploration's contacts, experience and ready crew on the ground in Chile,' said CEO and President Ravi K. Daswani. He further added that 'Visiting the property and understanding firsthand the advantage and property potential has been very useful.'
About Fladgate Exploration
Fladgate Exploration Consulting Corporation is a full service mineral exploration consulting group. Their staff is comprised of professional geologists, geotechnicians and office staff, each bringing their own unique skill set to the team. Staff experience ranges from grass roots to mine site exploration and mineral deposit expansion. Professional backgrounds include gold, diamond, Cu-Ni-PGE and base metal exploration, oil and gas exploration, 3D modeling and resource estimations. They manage all aspects of mineral exploration programs from data compilation and project design through all levels of implementation and management.
Additional information can be found at http://www.fladgateexploration.com.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on aggressive growth through acquiring, exploring and developing copper-gold assets in Chile. Our projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera, host to Freeport-McMoRan's Candelaria Mine and Anglo American's Mantoverde Mine. Red Metal is a fully reporting US public company quoted on the OTCBB under the symbol RMES.
Additional information can be found at http://www.redmetalresources.com.
About Revonergy Inc.
Revonergy Inc. is engaged in the energy and mining businesses. The Company is pursuing mineral exploration projects with development opportunities in under-explored frontier territories. Its project is located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera, host to Freeport-McMoRan's Candelaria Mine and Anglo American's Mantoverde Mine. Revonergy is a fully reporting US public company quoted on the OTCBB under the symbol RNRG.
Additional information can be found at: www.revonergy.com.
IMPORTANT DISCLAIMER: This news release may contain 'forward-looking' statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release. Additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.