JMW Gold Property
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REV Doubles Size of JMW Gold Property in Chibougamau Camp
Thenewswireยท 2025-10-02 12:00
Core Insights - REV Exploration Corp. has entered into a Definitive Agreement to acquire 41 mining claims, effectively doubling the size of its JMW Gold Property to approximately 40 sq. km in northern Quebec's Chibougamau Camp [1][2] Company Overview - REV is a mineral exploration company with a portfolio of gold and battery metal properties in Quebec, including JMW and Maxwell, and has exposure to the Natural Hydrogen sector in Alberta and Saskatchewan [4] Transaction Details - The acquisition involves a cash payment of $35,000 and the issuance of $40,000 worth of common shares to the Vendor upon closing, along with a 1.0% Net Smelter Return (NSR) in favor of the Vendor, with a buyback option for REV at $750,000 [5] Exploration Potential - The JMW Gold Property is noted for its advanced prospect status, with over 30 historical diamond drill holes indicating apparent gold enrichment along a 6 km long felsic complex [2]