Gold Project
REV in Northern Quebec
Strategic Properties in Heart of Prolific Gold Camp
REV Exploration is favorably positioned with two 100%-owned gold properties in the very active and increasingly prolific Chibougamau Gold Camp in Northern Quebec, part of the famous Abitibi Greenstone Belt.
The Chibougamau Gold Camp currently hosts over 12 million ounces across various categories, collectively owned by IAMGOLD and Northern Superior, making it one of the largest camps globally that is not controlled by a major producer. The region also features excellent infrastructure and easy access to properties, allowing for low-cost exploration in a very favorable jurisdiction.
JMW Property
Nearly three dozen holes have been drilled historically at the 21 sq. km JMW Property, including five by Gitennes which was the predecessor to REV Exploration. Ongoing compilation of data and reinterpretation by REVX is revealing greater potential at JMW than previously understood. As a result, with gold also trading near record highs, the Company is aggressively revisiting this property with further analysis and planned near-term drilling.
JMW Highlights:
- REVX is immediately proceeding with a field exploration program at JMW in addition to geophysics in preparation for a planned summer drill program targeting weakly explored areas along 6 km of favorable geology. The program will principally cover the Caopatina Formation sediments contact which concentrated a significant part of the deformation and hydrothermal activity that may have contributed to gold deposition at JMW;
- Since 1980, 34 relatively shallow drill holes comprising 7,385 metres have been completed at JMW, along with surface sampling, mapping and geophysics, providing the Company with a rich assessment report base for review;
- Most of the historical focus at JMW was on systematically altered porphyritic felsic intrusions interlayered with mafic to felsic volcanics, forming an intrusive complex.
- These units are in contact with Caopatina Formation sediments to the south, a key area now being revisited with greater structural understanding;
- Five drill holes completed by Gitennes in 2022 included a discovery, within a large under-explored area dominated by Caopatina sediments outside the main historical trend, of 7 g/t Au over 0.7 m (Hole 22JMW-03) within a 2-metre quartz vein at just 75 metres vertical depth, pointing to the potential for gold enrichment in this part of the property;
- 22JMW-03 occurred within a 60-metre-wide fault zone marked by cataclasis, tectonic breccia, and intense alteration in volcanics – interpreted as a possible sediment-volcanic contact zone;
- This new area of focus may represent a more gold-rich system in a sedimentary package on the margins of a large mineralized intrusive complex that may have acted as a “heat engine”.
Jordan Potts, REV Exploration CEO, commented: “We’re excited to get to work on our JMW Property which sits within one of Quebec’s most active and prospective gold belts where IAMGOLD and Northern Superior are enjoying considerable success. With a solid foundation of historical work in a highly favorable geological setting, we’re confident our team will unlock the value of JMW.”
JMW Geological Setting
Geologically, the JMW Property is along strike with the Nelligan deposit, lying along the same contact between the Obatogamau Formation (mafic to volcanic rocks) and the Caopatina Formation composed of sediments, a structural and lithological setting for gold mineralization. As of February 20, 2025, estimated Mineral Resources at Nelligan comprised 102.8 million tonnes of Indicated resources grading 0.95 g/t Au for 3.1 million ounces of contained gold, and 166.4 million tonnes of Inferred resources grading 0.96 g/t Au for 5.2 million ounces of contained gold (source: IAMGOLD news release, February 20, 2025).
Other significant gold deposits have been outlined in this very active area of Northern Quebec.
Chibougamau Gold Camp Resources
Resource Estimate Sources: Nelligan NI 43-101, IAG Feb. 2025; Philibert NI 43-101, SUP Sept. 2023; Monster Lake NI 43-101, IAG Oct. 2024; Chevrier NI 43-101, SUP Sept. 2022; Croteau NI 43-101, SUP Oct. 2015.
Investors are cautioned that mineralization and mineral deposits on properties neighboring JMW and Maxwell are not necessarily indicative of mineralization or deposit potential at JMW or Maxwell.
Maxwell Property
REVX also owns 100% of the nearby 94 sq. km Maxwell Property immediately adjacent to IAMGOLD’s Monster Lake deposit. A reassessment of Maxwell commences shortly as REVX is encouraged by the presence of gold and significant copper mineralization (up to 2% Cu over 0.5 m in historic chip samples) in similar northeast-trending structures as Monster Lake just 6 km to the east.
Maxwell is surrounded on both sides by IAMGOLD including IAG’s high-grade Monster Lake deposit.
Other REVX Quebec Properties
REVX owns 100% of the Blue Ice Property, 100 km northeast of Sept-Îles, where Gitennes mapped and sampled a small portion of the property and reported assays of 7,000 ppm Total Heavy REE, 1.86% Niobium, and 0.48% Tantalum from selected grab samples.
Three swarms of pegmatite dikes, occurring over a distance of 1,200 metres, were mapped on just one claim at Blue Ice.
REVX also owns 100% of claims prospective for nickel and rare earth elements elsewhere in the Sept-Îles area.