VR Resources is pleased to announce it has completed the first two holes of the maiden drill program at its Empire Project in Northwestern Ontario. Drilling now confirms the Westwood magnetic target is a large mafic-ultramafic complex, showing magmatic sulfide segregations consistent with the showing over 600m to the west on the Trans Canada Highway, and shown in Photo 1. At least one more drill hole is planned at Empire [...]
VR Resources is pleased to announce the signing of a memorandum of understanding with Lac des Mille Lacs First Nation with respect to VR's recently acquired Empire, Silverback and Rambler projects, near the town of Upsala. From VR's CEO, Justin Daley, "this MOU reflects a mutual desire for VR and LDMLFN to work together in a collaborative, mutually beneficial, and respectful manner with the shared goals of social [...]
VR Resources is pleased to announce drilling is now underway on Hole 1, WW24-001, at it's Empire Project, targeting the strongest IP chargeability results from the recently completed DCIP survey for magmatic sulfide containing copper, gold and platinum group elements within a large mafic intrusion in. Geophysical Targeting Preliminary geophysical inversion results for the Empire DCIP survey are now in hand for the 3 lines [...]
VR Resources is pleased to announce it has closed the hard dollar portion of its non-brokered private placement financing announced on October 28th, 2024 for gross proceeds of $200,000. The Company also announces that it will not be proceeding at this time with the $200,000 flow-through component of the non-brokered private placement announced on Nov 4, 2024. Under the HD Financing the Company has issued 4,444,446 units [...]
VR Resources is pleased to announce the completion of two, state-of-the-art DCIP geophysical surveys at its Empire and Silverback projects in northwestern Ontario, with inversions underway, preliminary results under review, and drill planning underway. A field photo highlighting road-accessible logistics is shown below in Photo 1A. The surveys were completed as planned; on time and on budget, as described in NR-24-26 from [...]
VR Resources is pleased announce the planned DCIP geophysical surveys are now underway at both the Empire and Silverback projects. Conductivity and chargeability data from Dias Geophysics' state-of-the-art DCIP geophysics system will be used to target interconnected and disseminated sulfide copper-gold- mineralization at both projects. Figure 1. At Empire, the survey covers the layered mafic intrusion, with disseminated [...]
VR Resources announces the augmentation of the non-brokered private placement recently announced on Oct 28th, 2024, with a flow-through component of $200,000 for expected aggregate gross proceeds up to $450,000. The Company plans to direct the funds immediately into IP geophysics and reconnaissance drilling this fall at it's Empire and Silverback projects. The flow-through component will consist of up to 4,444,444 units [...]
VR Resources is pleased to announce the launch of a non-brokered private placement for aggregate gross proceeds of up to $400,000. The Financing is for hard dollars and will consist of the issuance of up to 10,000,000 units at a price of $0.045 per HD Unit for gross proceeds of up to $450,000. Each HD Unit will consist of one common share of the Company and one-half of a common share purchase warrant, with each whole HD [...]
VR Resources is pleased to report gold results from the spring 2024 drill program at its Silverback Project in Ontario, in follow-up to the new base metal results reported earlier this week in NR-24-22 dated October 22, 2024. Anomalous gold occurs across 109 meters in a sericite-altered porphyry intrusion with disseminated pyrite in Hole 2, just above the nickel and chromium results reported earlier this week. Similar [...]
VR Resources is pleased to report new base metal results from the recent drill program conducted by Holbik Exploration in spring 2024 on VR's recently acquired Silverback Ni-Cr-Co-Cu and Au-Cu-Mo project. Results. The two-hole, 314m maiden drill program at Silverback tested near-surface conductors derived from the recent, 2023 DIGEM frequency-domain airborne survey targeting sulfide mineralization below glacial till cover [...]
VR Resources is pleased to announce the acquisition of the Rambler Gold Project and has submitted a permit application for drilling and trenching. Rambler was staked because sulfides reported in historic drill logs have been discovered at surface. In 1968, Inco drilled 5 holes at Rambler to less than 50m each, targeting EM anomalies for base metal mineralization, and intersected massive sulfide in each hole, with up to 6m [...]
VR Resources is pleased to announce new assay results from its Golden Bear Project and the application for an exploration plan for trenching and washing of outcrops ahead of anticipated first-pass drilling. VR has new assay data from samples of hydrothermal breccia exposed by logging in 2021 at its recently acquired Golden Bear Project. The average grade in 3 samples is 2.16% copper and 15.6 g/t silver. The 2m wide [...]