Revonergy Inc. engages in the energy and mining business. They are pursuing renewable energy acquisition projects in the United States and mineral exploration projects with development opportunities in under-explored frontier territories. Founded in 2008, Revonergy Inc. has their headquarters in London, United Kingdom.
Revonergy Inc. is focused on the acquisition, development, and operation of proprietary renewable energy power plants globally. They are targeting renewable energy projects that have the potential to generate long-term cash flows. They have identified several wood waste to energy biomass power plants aggregating more than 100MW of power.
The Company intends to develop their business opportunities via the acquisition of operational renewable energy power plants. They have assembled a team of highly qualified investment and operational professionals with extensive experience in their target sector to attain this goal. Revonergy is currently preparing to conduct due diligence on biomass power plants that early indications demonstrate a potentially attractive investment opportunity.
Concerning mineral exploration, Revonergy Inc. announced in March 2011 that they entered into a Joint Venture Earn-In Agreement with a subsidiary of Red Metal Resources to purchase up to 50 percent in the Perth Caliza gold project by completing certain work expenditures over a four-year period. This project is in the Iron Oxide Copper Gold (IOCG) belt in Chile.
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. The Property lies approximately 3.5 kilometers north of Red Metal’s Farellon project. It is a 45-minute drive from Vallenar city, with major road access, power, and water supply nearby. The project lies on a similar geologic contact as the Farellon and Carrizal Alto properties.
Revonergy Inc. can earn up to a 50 percent ownership of the property in exchange for the completion of exploration programs costing at least $1.415 million and a preliminary feasibility study.
Today, Revonergy Inc. provided an update on the first phase of the Company’s exploration program on the Perth Gold project. They will begin a summer exploration program on the Perth Property following the recommended work program by their consultants Fladgate Exploration. Fladgate Exploration Consulting Corp. is a full service mineral exploration consulting group.
The first phase of the program will consist of surface mapping and sampling. This is to identify all structures on the property, specifically the northern half of the property where no mapping has been completed to date. Construction of a 12-kilometer road leading to the center of the Perth Property is almost complete. The road will support movement of equipment, materials and personnel to the Property, as the recommended work phase is undertaken.