VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the
“
Company”, or “
VR”, is pleased to
provide an update on exploration activities for its Empire project
in northwestern Ontario.
Upon the recent discovery of a polyphase and
PGE-fertile mafic-ultramafic intrusion at the Westwood property,
the Empire project and group of properties has been expanded to
district-scale, as shown in Figure
1 below, in order to explore additional targets for
Cu-Ni-PGE mineralization in previously unrecognized mafic
intrusions.
- The Mack property has just been
staked to cover a large, kilometer-scale magnetic high associated
with anomalous palladium and copper in lake sediment samples from
the Ontario Geological Survey (Figure 1), an
association that is similar to the five targets and properties
already staked and acquired by the Company in 2024.
At the Westwood property itself, preparations
are now underway for a follow-up drill program:
- A borehole EM survey is now
underway on Hole 2 (Figure 2). The survey is
designed to target both strong and weak conductors within the
mineralized mafic intrusion discovered in Phase 1 drilling last
December:
- Strong Conductor:
Magmatic sulfides in a ‘reef-style’ setting, or a semi-massive melt
segregation zone,
- Weak Conductor:
late-stage chlorite schist on structure, similar to the Roby ore
zone at Lac des Iles Mine.
- An amendment to our existing permit
to include ice drilling has been submitted to the Ministry of Mines
and Lac des Mille Lacs First Nation, with turn around expected by
mid-February, or earlier. In preparation, an ice-thickening program
is underway at Westwood, to facilitate simpler logistics on top of
and across the southern end of the small lake that covers our
priority target within the mafic intrusion based on our drilling to
date (Photo 1).
From VR’s CEO Justin Daley: “As we prepare for
drilling planned to start up next week at our Silverback project,
we are also expanding our Empire project group of properties to
district-scale, to amplify our search for new Cu-Ni-PGE-Au targets
in mafic-ultramafic intrusions based on our discovery at Westwood.
This part of the Western Wabigoon subprovince of the Superior
craton in northwestern Ontario has seen little to no exploration
over the past century. As such, we’re eager to bring our methodical
approach to the district, combining tried-and-true prospecting on
the ground alongside the application of new, state-of-the-art
exploration technologies and mineral deposit modeling to both
identify and fast-track targets.
Although there is more work to be done to
understand the geological history behind the occurrence of these
large mafic intrusions in this part of the Marmion terrane,
Westwood has shown us that these magnetic targets with associated
PGE and copper geochemistry have potential for the discovery of new
and significant polymetallic critical metals systems. We look
forward to providing further updates as work continues on the
ground on both the Empire and Silverback projects. Assay results
for the first three holes at Westwood are expected in the last week
of January.”
Figure 1. The district-scale
Empire property group shown on a regional magnetic map, with the
new Mack target shown on the right, covering a large magnetic high
with associated geochemical anomalies in palladium, copper and gold
in lake sediment samples from the Ontario Geological Survey.
Follow-up drilling at the Westwood property is planned for
February, based on the discovery of a mineralized, polyphase
mafic-ultramafic intrusion during the maiden drill program last
month (see Figure 2).
The Mack TargetThe new claim
group, totaling 100 cells and 2,080 hectares, is 36 kilometers east
of Westwood and 15 kilometers north of the town of Upsala on
year-round forest service roads. It sits adjacent to Mack Station
on the old Grand Trunk Railway, running from Lake Superior to Fort
William, which has been decommissioned to a road bed. The staked
area covers some of the highest palladium and copper in lake
sediment values in the area, reaching 64 ppm Cu and 16 ppm Pd, and
is associated with a 5 kilometer long north-northwest trending
regional magnetic high (Figure 1). The magnetic
data covering most of the trend is coarse resolution, from a
historic Geological Survey of Canada survey in the 1960s flown at
half mile flight line spacing. There is no historic drilling and
little to no outcrop exposure in the area, precluding historic
exploration efforts.
Figure 2. Magnetic plan map
(upper) and section (lower) for the downhole EM borehole survey
currently underway at the Westwood property, utilizing drill holes
001 and 002 from the maiden drill program completed last month, in
December, 2024.
Photo 1. View west at the south
end of Sisson Lake on the Westwood property, covering a large,
mineralized, polyphase mafic-ultramafic intrusion discovered in the
maiden drill program in December. Ice making has been ongoing since
late December over the area of our priority target for Cu-Ni-PGE-Au
mineralization, with the goal of drilling from the ice next month
(February).
About the Empire District Project
The Empire project consists of 413 mineral
claims in 2 contiguous blocks covering 12,334 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
(i.e. 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 InformationSurface
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 who 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 be providing further
updates as work continues on the ground on both the Empire and
Silverback projects, 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; 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/0abd01d5-cab4-4af9-bdd3-8accffe78009https://www.globenewswire.com/NewsRoom/AttachmentNg/5210e720-5e6a-4b53-9308-313dbcc3a987https://www.globenewswire.com/NewsRoom/AttachmentNg/ec3187f4-e898-46fe-a2f4-bbe6fcf26668
VR Resources (TSXV:VRR)
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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