Revelo Resources Corp.
Revelo is a Canadian company listed on the TSX Venture Exchange (TSXV: RVL). Revelo has interests in an outstanding portfolio of projects prospective for gold and copper located along proven mineral belts in one of the world's top mining jurisdictions – Chile. The Company has a vision to reward shareholders with wealth-generating mineral discoveries along Chile's prime mineral belts, through leveraged and more efficient capital deployment, exploration, discovery and monetization.
Chile is a significant producer of:
100%-Owned Gold-Silver Projects
4 Gold-Silver Projects (100% Revelo – 38,000 Ha)
Several targets partially defined for drill follow-up
100%-Owned Copper Projects
Partner Funding Sought
Calvario & Mirador Projects (100% Revelo)
Montezuma Project (100% Revelo)
Equity Interests in Copper Exploration
West Pacific Ventures Corp.
Atacama Copper Exploration Limited
Victoria Sur (6,600 Ha) – Revelo's Exploration Focus
Victoria Sur is a dynamic gold exploration opportunity located in the Domeyko Belt, which hosts some of the world's largest copper deposits and mines.
Victoria Sur Exploration Plan
Revelo's Strategy for 2020/2021
Revelo's capital will be directed towards exploring its gold portfolio, while continuing to create value for Revelo's shareholders from its copper projects through partnerships and spinouts. Specific objectives include:
Revelo's Value Proposition for Investors
Management and Directors
Michael Winn, Chairman
Over 30 years' investment and financial experience in mining and oil and gas sectors, and involvement with several successful junior mining and exploration companies.
Timothy Beale, President & CEO, Director
Over 30 years' experience in South America with involvement in early-stage discoveries in Argentina and major acquisition in Peru.
John Davidson, Exploration Manager
Over 40 years' precious metals experience in South America, based in Chile, and involvement with major precious metals discovery in Chile.
Doug Reed, Chief Financial Officer
More than 10 years of accounting experience in the mineral exploration and mining industry.
Colin Bird, Director
Over 30 years' mining management experience
Raymond Jannas, Director
Over 30 years' gold and base metals experience in South America
Ralph Rushton, Director
More than 30 years of exploration, business development and investor relations experience.
Demetrius Pohl, Independent Consultant & QP
More than 40 years of gold and base metals exploration experience
Mario Szotlender, Advisor
Over 30 years' investment/financial experience in Latin America
On August 17, 2020, Revelo Resources Corp. has signed a definitive Property Sale and Purchase Agreement with WestPac for the sale of its Arrieros, Block 2, Block 3, Block 4, Redondo-Veronica, Cerro Buenos Aires, Cerro Blanco and Morros Blancos copper-gold-moly exploration projects all located in northern Chile, subject to certain conditions precedent being met. As per the previously signed LOI, Revelo has received a second cash payment of US$175,000 on signing of the Agreement, having previously received an initial payment of US$125,000 on signing of the LOI, together with the right to receive such number of fully paid and non-assessable shares of WestPac that would on exchange with the Resulting Issuer pursuant to a proposed Reverse Takeover represent 19.9% of the issued and outstanding shares of the Resulting Issuer.
On June 29, 2020, Revelo Resources Corp. has outlined its intentions for the exploration of its gold-silver projects in northern Chile. Revelo intends to focus its post-Covid activities and exploration funds, subject to Revelo raising new capital, on a rolling program of surface exploration on these projects in order to advance towards potential discovery.
On June 18, 2020, Revelo Resources Corp. reported progress on the agreement to sell 8 copper projects in Chile. Revelo project buyer West Pacific Ventures Corp. (WPV) has signed a binding letter of intent with Fireswirl Technologies Inc., by which Fireswirl is proposing to acquire 100 per cent of the outstanding shares of West Pacific in consideration for shares of Fireswirl in a reverse takeover (RTO). The resulting company will apply to list on the Canadian Securities Exchange. WPV holds the right to acquire a 100% interest in eight copper focused projects in northern Chile from Revelo pursuant to the terms of a Binding Letter of Intent ("LOI") between WPV and Revelo (see news release dated May 19, 2020).