VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the
"
Company", or “
VR”, is pleased to
announce it has completed the Phase 1, reconnaissance drill program
on the 1 x 2 km magnetic anomaly at Westwood, part of the Empire
District Project in Northwestern Ontario.
Five holes were completed for a total of 1,188
meters. Drilling targeted the center of the copper-gold-PGE mineral
system exposed on surface at the showing on the Trans Canada
Highway, at the southwestern margin of the magnetic high
anomaly.
Hole 5, WW24-005, was completed to 201m. It was
drilled as a follow up to the shallowly inclined Hole 4 that
collared into the target rock unit: a coarse-grained,
cumulate-textured mafic-ultramafic intrusive. Hole 5 was drilled at
the same azimuth as 004 but inclined more steeply to intersect more
of the cumulate-textured mafic rock dipping steeply to the
southeast, and to target the center of the 18 mV/V chargeability
anomaly, as shown in Figure 1. Example of the
cumulate texture mafic-ultramafic rock with variable interstitial
sulfide in both Holes 4 and 5 is shown below in Photo
1.
Initial Summary. Drill holes some 800m apart, on
both sides of the Westwood magnetic anomaly have intersected our
target: cumulate-texture mafic rock with sulfide. Second. The
drilling confirms that the Westwood magnetic anomaly is a polyphase
intrusive complex. It includes: a light-coloured leucogabbro, that
dominates the outer zones and spans more than 2.5 km of exposure
along the highway transect; zones of dark mafic magma mixing
increase steadily towards the magnetic anomaly, and; a core of
steeply southeast-dipping mafic-ultramafic units.
Photo 1. Target lithology
within the Westwood anomaly of coarse cumulate texture melanocratic
gabbro in sawn NQ drill core at 98m depth in Hole 5, with dark
green euhedral amphibole crystals in groundmass of pale white to
pink interstitial quartz-feldspar and sulfide. NQ core diameter is
47.6mm across.
From VR's CEO Justin Daley: “With drilling
complete on the Phase 1 reconnaissance program on our Westwood
target at Empire, we are pleased that a consistent story has
emerged as we methodically tested each of the chargeability targets
from the recent IP survey and their relationship with different
geophysical features from the magnetic and DIGEM surveys. The
geology across the large intrusive complex is also proving to be
consistent, showing the same zonations, timing relationships and
intrusive contacts across the 5 holes drilled so far. The polyphase
nature of Westwood is an important development if one appreciates
the complexities of the Cu-Au-PGE mineralization at the Lac des
Iles complex to the east.
We look forward to providing updates as we
receive assay results and update our 3D model with geochemistry,
lithologic observations, and structural measurements.”
Figure 1. Drill hole 4 and 5
locations shown on a total magnetic intensity map for the Westwood
target at the Empire Project, with highway exposure sample
location, overlain 900Hz airborne DIGEM anomalies, and completed IP
section lines. The lower panels highlight the direct correlation of
chargeability and near surface conductivity with the magnetic
response over the inferred mafic-ultramafic intrusion.
About the Empire Project
The Empire project consists of 313 mineral
claims in 1 contiguous block covering 10,254
hectares. The project is located on Federal crown land,
with mineral rights administered by the Ontario Ministry of Mines.
There is a 2% net smelter royalty on the claims. There are no
annual payments, but the Ministry requires certain annual
exploration expenditures and reporting (ie. mineral assessment
reports) in order to maintain a mineral claim in good standing. The
project falls within the Lac de Mille Lacs First Nation traditional
territories.
Technical Information
Surface grab samples and drill core samples were
submitted for geochemical analysis to the AGAT laboratory in
Thunder Bay, Ontario. Drill core was logged, cut and sampled at the
Holbik Exploration warehouse in Upsala, Ontario, with sample
preparation completed by AGAT in Thunder Bay alongside gold and PGE
determination by atomic absorption assay. ICP-MS analyses for base
metals, whole rock, and trace elements is performed at AGAT’s
laboratory in Calgary, AB. Analytical results are subject to
industry-standard and NI 43-101 compliant QAQC sample procedures,
including the systematic insertion of sample duplicates, blanks and
certified reference material (CRM) done both externally and
internally at the laboratory by AGAT, as described by AGAT.
Technical information for this news release has
been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101. The content of
this news release has been reviewed on behalf of the Company by
Justin Daley, MSc, PGeo, President & CEO at VR, and a
non-independent Qualified Person, oversees and/or participates in
all aspects of the Company’s mineral exploration projects.
About VR Resources Ltd.
VR is an established junior exploration company
based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR
evaluates, explores and advances opportunities in copper, gold and
critical metals in Nevada, USA, and Ontario, Canada. VR applies
modern exploration technologies, in-house experience, and expertise
in greenfields exploration to large-footprint systems in
underexplored areas/districts. The foundation of VR is the proven
track record of its Board in early-stage exploration, discovery and
M&A. The Company is financed for its mineral exploration and
corporate obligations. VR owns its projects outright and evaluates
new opportunities on an ongoing basis, whether by staking or
acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Justin Daley”
Justin Daley, MSc, P.GeoPresident & CEO
For general information please use the following:
Website: |
www.vrr.ca |
Email: |
info@vrr.ca |
Phone: |
778-731-9292 |
|
|
Forward Looking Statements
This news release contains statements that
constitute "forward-looking statements". Such forward looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document include statements
concerning VR’s expectations that it will receive assay results and
the timing thereof, and its expectation that it will update its 3D
model with geochemistry, lithologic observations and structural
measurements, and all other statements that are not statements of
historical fact.
Although the Company believes the
forward-looking information contained in this news release is
reasonable based on information available on the date hereof, by
their nature forward-looking statements involve assumptions, known
and unknown risks, uncertainties and other factors which may cause
our actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements.
Examples of such assumptions, risks and
uncertainties include, without limitation, assumptions, risks and
uncertainties associated with general economic conditions; adverse
industry events; future legislative and regulatory developments in
the mining sector; the Company’s ability to access sufficient
capital from internal and external sources, and/or inability to
access sufficient capital on favorable terms; mining industry and
markets in Canada and generally; the ability of the Company to
implement its business strategies; competition; and other
assumptions, risks and uncertainties.
The forward-looking information contained in
this news release represents the expectations of the Company as of
the date of this news release and, accordingly, is subject to
change after such date. Readers should not place undue importance
on forward-looking information and should not rely upon this
information as of any other date. While the company may elect to,
it does not undertake to update this information at any particular
time except as required in accordance with applicable laws.
This news release may also contain statements
and/or information with respect to mineral properties and/or
deposits which are adjacent to and/or potentially similar to the
Company’s mineral properties, but which the Company has no interest
in nor rights to explore. Readers are cautioned that mineral
deposits on similar properties are not necessarily indicative of
mineral deposits on the Company’s properties.
Trading in the securities of the Company should
be considered highly speculative. All of the Company’s public
disclosure filings may be accessed via www.sedarplus.ca and readers
are urged to review them.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in Policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release
Photos accompanying this announcement are available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/bed71418-10dc-4edb-99e8-ca211c72b844
https://www.globenewswire.com/NewsRoom/AttachmentNg/1afdbfa4-7bab-48b6-87b4-5f39a64cd0c9
VR Resources (TSXV:VRR)
過去 株価チャート
から 2 2025 まで 3 2025
VR Resources (TSXV:VRR)
過去 株価チャート
から 3 2024 まで 3 2025