(TheNewswire)
May 18, 2023 – TheNewswire - Vancouver, B.C.: VR Resources Ltd.(TSXV:VRR ) , ( FSE:5VR ) ; ( OTC:VRRCF ), the " Company ", or “ VR ”, is pleased to announce that drilling has successfullyintersected kimberlite diatreme breccia in Hole NW23-002 located inthe center of the large magnetic anomaly, 1.2 km in diameter, at itsNorthway project located in northern Ontario.
Hole NW23-002 is 450 metres northwestof hole 001 located on the southern edge of the anomaly, thusconfirming the presence of a very large kimberlite diatreme brecciapipe complex at Northway.
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Figure 1 . A photo of the drillat Northway, on the pad for NW23-002;
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Figure 2 . Magnetic map showingdrill hole NW23-002 collared in the center of the magnetic anomaly atNorthway which measures from 950 to 1,200 m across;
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Figure 3 . Cross-section viewof 3D voxel model for a MVI magnetic inversion, showing verticalboundary conditions for the 1.2 km magnetic anomaly at Northway;
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Figure 4 . Drill core photos ofgarnet-bearing eclogite xenoliths within kimberlite breccia facies( XPK rock) in both holes 001and 002 located 450 m apart within the magnetic anomaly.
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Figure 5 . Drill core photosfrom hole 002 of tuffisitic kimberlite breccia facies - XPK rock;
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Figure 6 . Drill core photosfrom hole 002 of XPK facies, including olivine, clinopyroxene, andgarnet-bearing xenoliths with accretionary magma crust andmagmaclasts.
The top of the kimberlite breccia at Northway ispreserved in both holes at the same vertical depth of 240m, at thebase of the sedimentary cover of early Devonian sandstone andoverlying limestone.
Hole 002 ended at 357 metres. The hole was terminated due toexcessive caving within the hole at the stratigraphic unconformity atthe top of the kimberlite.
Overall, lower curst and mantle-derived xenoliths,phlogopite and olivine megacrysts, and spherulitic magmaclastsincrease in abundance downwards in hole 002, including kelyphiterimmed garnet-bearing eclogite at 330.8 m near the bottom of the hole. The MVI model in Figure 3 demonstrates the potential vertical extent of the kimberlite brecciaintersected to date in both drill holes.
From VR’s CEO, Dr. Michael Gunning, “ Well, Hole 2 just showed us that theNorthway anomaly is real. It’s game on now for the potential ofthis large kimberlite complex, and the field of targets we havestaked.
Intersecting kimberlite breccia inhole 002 below the same cover of limestone and sandstone as in hole001 located some 450 m to the southeast confirms the discovery of anunusually large kimberlite diatreme brecci a pipe complexat Northway. The uppermost crater facies are preserved in hole 001,and the modelling of our geophysical data only reinforces the verticalfabrics and textures we see in drill core, emphasizing the potentialfor the vertical extent of the diatreme breccia as implied in the MVImodel in Figure 3, and the sheer volume potential for the overallbreccia pipe complex at Northway.
We now have a successful test of thecenter of the large magnetic anomaly at Northway, and we have morethan sufficient drill core to submit for a preliminary micro-diamondevaluation and compositional characterization of the variouskimberlite breccia facies despite the termination of the hole early. The drill core from hole 002 has already been transported off-sitefor detailed logging, where it will be processed, prepared, andshipped to the SRC laboratory facility in Saskatoon for analysis. Wewill eagerly anticipate results by the end of the summer.
I would encourage our shareholdersto remind themselves of the geological context for this discovery asoutlined in the previous news release dated February 22, 2023, and assummarized on the Northway project page on the Company’s website at www.vrr.ca in order to appreciate the upsidepotential of Northway itself, and the expanded strategy related to thefield of similar targets staked by VR.
We intend to stick to the disciplineof the overall framework of an integrated program and budget forNorthway and Hecla-Kilmer planned for this month. As we process theNorthway core, the drill is on its way to Hecla-Kilmer, where we havetwo specific goals for this program:
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Test two new areas for REE criticalmetal mineralization using new 3D inversion models from the recentlyobtained, ultra – high resolution drone magnetic data andreprocessed gravity data, and;
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Obtain dedicated drill core for ametallurgy and beneficiation study at SGS Lakefield inOntario.
The current Northway – H-K drill program is again being run from ourroad-accessible exploration camp located on HWY 634 at Otter Rapids,an Ontario hydro-electric facility (see photograph at ww.vrr.ca ).
Technical Information
Summary technical and geological information for theCompany’s various exploration properties is available at theCompany’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 Northway Property andProject
The Northway property is located in northern Ontario.It is approximately 12 km northeast of the Company’s REE criticalmetal discovery at its Hecla-Kilmer project. The nearest townis Moosonee located on tidewater at James Bay some 125 kilometres tothe northeast. Kapuskasing is located about the same distance to thesouthwest, on the Trans-Canada Highway (Provincial HWY 11).
Exploration is based out of a camp at the hydroelectricfacility at Otter Rapids located about 50 km to the southeast ofNorthway. Provincial Highway 634 provides road access to Otter Rapidsfrom Smooth Rock Falls, located at the junction of HWY 634 with theTrans-Canada Highway. The property itself is just 15 km west of theOntario Northern railway (ONR) which provides service to thecommunities on James Bay.
The Northway property consists of64 contiguous claims in a single, 4 x 7 km block 1,315 ha in size. It was expanded to a district-scale project by staking directly 284new claims in 19 additional properties covering magnetic anomaliesnear Northway and proximal to the ONR line, within an area of 50 x 70km overall.
The properties are owned 100% by VR. There are nounderlying payments or interests on the property and no royaltyinterests because the property was staked by VR directly.
Northway is located on provincial crown land innorthern Ontario, with mineral rights administered by the OntarioMinistry of Northern Development, Mines, Natural Resources andForestry (“MNDM”). There are no annual payments, but the MNDMrequires certain annual exploration expenditures and reporting. Theproperty falls within the traditional territories of the Moose Creeand Taykwa Tagamou First Nations.
About VR Resources
VR is an established junior exploration company focusedon greenfields opportunities in copper, gold andcritical metals (TSX.V: VRR; Frankfurt: 5VR;OTCQB: VRRCF). VR is the continuance of 4 years of activeexploration in Nevada by a Vancouver-based private company. Thefoundation of VR is the diverse experience and proven track record ofits Board in early-stage exploration, discovery and M&A. TheCompany focuses on underexplored, large-footprint mineral systems inthe western United States and Canada, and is well-financed for itsmineral exploration and corporate obligations. VR owns itsproperties outright and 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: 604-262-1104
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are typically identified by words suchas: believe, expect, anticipate, intend, estimate, postulate andsimilar expressions or those which, by their nature, refer to futureevents. Forward looking statements in this release include thoserelated to the companies upcoming plans, such as “ The drill program is expectedto take a month to complete ”, and “VR evaluatesnew opportunities on an ongoing basis, whether by staking oracquisition.”
This news release may contain statements and/orinformation with respect to mineral properties and/or deposits whichare adjacent to and/or potentially similar to the Company’s mineralproperties, but which the Company has no interest in nor rights toexplore. Readers are cautioned that mineral deposits on similarproperties are not necessarily indicative of mineral deposits on theCompany’s properties.
Although the Company believes that the use of such statements isreasonable, there can be no assurance that such statements will proveto be accurate, and actual results and future events could differmaterially from those anticipated in such statements. The Companycautions investors that any forward-looking statements by the Companyare not guarantees of future performance, and that actual results maydiffer materially from those in forward-looking statements. Tradingin the securities of the Company should be considered highlyspeculative. All of the Company’s public disclosure filings may beaccessed via www.sedar.com and readers are urged to review thesematerials.
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.
Figure 1 . Drill rig set up on the pad for hole NW23-002 at the Northwayproject in northern Ontario; May, 2023.
Figure 2 . Drill hole locationson the large RTP magnetic low anomaly 900 – 1,200 m across atNorthway, as derived from the ultra- high-resolution drone magneticsurvey completed by VR in 2022, and plotted on the RTP magnetic basemap for the region. Drill holes 001 and 002 are approximately 450 mapart. The solid black line refers to the cross-section view of theMVI magnetic model shown in Figure3 .
Also shown are faults related to the crustal-scale KapuskasingStructural Zone (KSZ), a failed Proterozoic rift, and the Archeantectonic suture on the northern boundary of the Wabigoon sub-provinceof the northern Superior craton.
Figure 3 . Cross section viewof the block model for vertical magnetic amplitude vector of the 3DMVI inversion of the ultra - high resolution drone magnetic data shownin plan map in Figure 2 . Thepink anomaly with sub-vertical boundary conditions corresponds to theRTP magnetic low in Figure 2 ,and it approximates the kimberlite diatreme breccia complexintersected in both drill holes, NW22-001 and NW23-002.
Photographs of garnet-bearing eclogite xenoliths within kimberlitediatreme breccia (XPK) in both drill holes are shown in Figure 4 .
Figure 4. Photographs ofgarnet-opx eclogite xenoliths with kelyphite rims in XPK kimberlitediatreme breccia facies in drill holes NW22-001 (upper photo; scale:6cm) and NW22-002 (lower photo; scale: 2cm). The drill holes span450 m of the 1.2 km magnetic anomaly, as shown on the plan map in Figure 2 and in thecross-section in Figure 3 .
Figure 5. Drill core photosof the kimberlite diatreme breccia intersected in drill hole NW23-002 . Upperphoto : garnet-bearing peridotite xenolith in autolith of kimberlite breccia withina kimberlite diatreme breccia phase with packed accretionarymagmaclasts. Lower photo : cuspate thermalboundaries on kimberlite breccia autolith within a kimberlite diatremebreccia phase with spherulitic lapilli.
Figure 6. Drill core photosof the XPK kimberlite diatreme breccia facies intersected in drillhole NW23-002 . Severaldifferent XPK breccia facies are present in both holes, includingspherulitic magmaclasts, and dunite and garnet-bearing xenoliths, indicative of a highlydynamic vent at Northway plumbing the lower crust of the Superiorcraton.
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