(TheNewswire)
February 22, 2024 – TheNewswire - Vancouver, B.C. - VR Resources Ltd.(TSXV:VRR ) , ( FSE:5VR ) ; ( OTC:VRRCF ), the " Company ", or “ VR ”, has just completed its final field visit inpreparation for the maiden drill program planned for its New Bostonproperty and polymetallic Cu-Mo-Ag porphyry system in west-centralNevada.
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Confirmed drill hole designs while standing on recently permitteddrill sites in the field;
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Met with drill contractors to discuss logistics and timing for anefficient drill program;
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Staked out earth work plans for drill pads and roads with a localequipment operator, and;
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Verified local water supply, hauling and storage plans for the drillprogram.
From VR’s VP Exploration, Justin Daley,“ It was great to be back inthe field at New Boston last week. Despite recent winter storms, theproperty was free of snow, a testament to the year-round explorationpotential there. Detailed plans are now in place with both drillersand local equipment operators for our planned maiden drill programinto the East Zone conductor. We are ready!
Our mapping continues to show aconsistent correlation between surface copper veins and conductivityanomalies across the property, as illustrated by interconnectedsulfides from East Zone shown in Photo 1. As such, I encourage our shareholders toreview the information available on our website, including theprevious two news releases on New Boston in order to fully appreciatethe size , amplitude and clarity of the conductivity anomaly at East Zonethat we intend to drill (see Photo 2 ).
Almost as compelling as the surfacecopper and conductivity target at East Zone are the field logisticsfor this drill program. As shown in Photo 3 , with highway 95 just 4km from planneddrill sites atop copper oxides, and with access to water,accommodations and services nearby, we look forward to running themost efficient and cost-effective drill program that VR has yetplanned in Nevada.
Stay tuned for further updates as weprogress towards drilling.
Field Videos
A short video from this recent field visit, along with video fromseveral previous site visits are available on the New Boston ProjectPage on the Company’s website at www.vrr.ca . Also, on theHome Page itself is a 20 minute video review of the New Boston projectand drill targets, illustrated in PowerPoint.
Technical Information
Summary technical and geological information for theCompany’s various exploration properties including New Boston isavailable at the Company’s website at www.vrr.ca .
Technical information for this news release has beenprepared in accordance with the Canadian regulatory requirements setout in National Instrument 43-101. Justin Daley, P.Geo., VPExploration and a non-independent Qualified Person oversees and/orparticipates in all aspects of the Company’s mineral explorationprojects, and the content of this news release has been reviewed onbehalf of the Company by the CEO, Dr. Michael Gunning, P.Geo., anon-independent Qualified Person.
About the New Boston Property
Location
New Boston is within the Walker Lane mineral belt andstructural province in west-central Nevada. More specifically, it iswithin the co-spatial belts of Jurassic - and Cretaceous-aged copperand moly porphyry deposits, including the Yerington camp and Halldeposit.
New Boston is located in the Garfield Range in MineralCounty, approximately 150 km southeast of Reno. Vegetation is sparsein the range; outcrop or colluvium predominate on the property itself,with quaternary cover developed off its eastern border and easternflank of the range.
The property location facilitates cost-effectiveexploration, year-round. Access is from the nearby town of Luning,located just 5 km to the east on State Highway 95 connecting Reno andLas Vegas. The property itself is criss-crossedby a myriad of active, historic trails and roads which are reachablefrom the highway.
Property Description
The New Boston property is large: it consists of 77claims in one contiguous block approximately 3 x 5km in size andcovering 583 hectares in total (1,441 acres). It covers the entireextent of the known copper-moly-silver porphyry-skarn mineral systemexposed on surface between Blue Ribbon and East Zone, and its inferreddown-dip potential to the north.
The property is on federal land administered by theBureau of Land Management (BLM). There are no state or federal landuse designations, or privately-owned land which impede access to theproperty; nor is the property within the BLM’s broadly defined areaof sage grouse protection.
The property is owned 100% by VR. There are nounderlying annual lease payments; nor are there any joint venture orback-in interests. The vendor of the property retains aroyalty.
About VR Resources
VR is an established junior exploration company basedin Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR evaluates,explores and advances large-scale, blue-sky opportunities in copper,gold and critical metals in Nevada, USA, and Ontario, Canada. TheCompany has also made Canada’s newest diamond discovery in northernOntario, and controls a new field of kimberlite targets around it. VRapplies modern exploration technologies and leverages in-houseexperience and expertise in greenfields exploration to large-footprintmineral systems in underexplored areas/districts. The foundation of VRis the proven track record of its Board in early-stage exploration,discovery and M&A. The Company is well-financed for its mineralexploration and corporate obligations. VR owns its properties outrightand evaluates new opportunities on an ongoing basis, whether bystaking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS :
“Michael H. Gunning”
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Dr. Michael H. Gunning, PhD, PGeo
President & 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 containsstatements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks,uncertainties and other factors that may cause the Company’s actualresults, performance or achievements, or developments in the industryto differ materially from the anticipated results, performance orachievements expressed or implied by such forward-looking statements.Forward-looking statements are statements that are not historicalfacts 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 statementsconcerning VR’s plans to drill its New Boston property, and all otherstatements that are not statements of historical fact.
Although the Company believes theforward-looking information contained in this news release isreasonable based on information available on the date hereof, by theirnature forward-looking statements involve assumptions, known andunknown risks, uncertainties and other factors which may cause ouractual results, performance or achievements, or other future events,to be materially different from any future results, performance orachievements expressed or implied by such forward-lookingstatements.
Examples of such assumptions, risksand uncertainties include, without limitation, assumptions, risks anduncertainties associated with general economic conditions; theCovid-19 pandemic; adverse industry events; future legislative andregulatory developments in the mining sector; the Company ’ s ability to access sufficient capital from internal and externalsources, and/or inability to access sufficient capital on favorableterms; mining industry and markets in Canada and generally; theability of the Company to implement its business strategies;competition; and other assumptions, risks and uncertainties.
The forward-looking informationcontained in this news release represents the expectations of theCompany as of the date of this news release and, accordingly, issubject to change after such date. Readers should not place undueimportance on forward-looking information and should not rely uponthis information as of any other date. While the company may elect to,it does not undertake to update this information at any particulartime except as required in accordance with applicable laws.
This news release may also containstatements and/or information with respect to mineral propertiesand/or deposits which are adjacent to and/or potentially similar tothe Company’s mineral properties, but which the Company has nointerest in nor rights to explore. Readers are cautioned that mineraldeposits on similar properties are not necessarily indicative ofmineral deposits on the Company’s properties.
Trading in the securities of theCompany should be considered highly speculative. All of theCompany’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to reviewthem.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in Policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release
Photo 1 . Anexample of a showing where the East Zone conductor comes to surface inthe East Zone bowl. Quartz veins have copper oxides afterinterconnected copper sulfide (chalcopyrite), with garnet locally.Grab sample assays are up to 1.7% copper and 56 g/t silver (VR Resources,November 2023).
Photo 2 . Photograph looking across the East Zone bowl, over state highway 95connecting Reno and Las Vegas. Shown are two planned drill holes intothe East Zoneconductor derived from the DCIP survey completedin April, 2023, with copper-silver gossans where it comes to surface.The conductor plunges westerly into the ridge to the left of the photofor 900 metres, or more. There are no historic drill holes into theconductor, period.
Photo 3 .Blue-green copper oxide in quartz vein rubble in the foreground, with 0.17% copper in soil nearby, and the drill pad for the first hole plannedfor the 2024 drill program in behind. View is east, looking out ofthe East Zone bowl over State Highway 95 in the valley, connectingReno and Las Vegas.
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