VR Resources is pleased to announce that the drill is turning on its maiden drill program on its New Boston polymetallic copper-moly-silver porphyry system. The program is planned around 2 - 4 drill holes, for between 1,500 and 2,000 m in total, projected to take approximately one month to complete, with assays expected through May and June. Water supply, heavy equipment services, and camp are all located just six km from [...]
VR Resources Ltd. has received the final data from a state-of-the-art airborne hyperspectral survey covering its New Boston property and polymetallic Cu-Mo-Ag porphyry system in west-central Nevada, and the spring drill program has mobilized. From VR's President & CEO, Dr. Michael Gunning, "Historical, boots-on-the-ground exploration was completed by two renowned exploration groups at New Boston through the 1960s and [...]
VR Resources is pleased to announce it has Closed the previously announced, $900,000 financing, and plans are now underway to mobilize the drill program at its New Boston porphyry copper-moly system in Nevada. The terms of the Financing are unchanged from those announced on March 22nd in NR-24-05. The Company has issued 5,982,665 units at a price of $0.15 per Unit for gross proceeds of $897,400. Each Unit consists of one [...]
VR Resources has increased its previously announced private placement from $500,000 to $900,000. The terms of the financing are unchanged from those announced on March 14th in NR-24-004. The Company will issue 5,982,665 units at a price of $0.15 per Unit for gross proceeds of $897,400. Each Unit will consist of one common share of the Company, and one-half of one Common Share purchase warrant . Each Warrant entitles the [...]
VR Resources Ltd. announces a non-brokered private placement for $500,000. The Financing will consist of up to 3,333,333 units at a price of $0.15 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company, and one-half of one Common Share purchase warrant. Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.20 per Common Share [...]
VR Resources Ltd. has entered into a binding, Definitive Agreement to sell its Hecla-Kilmer REE mineral property located in Ontario in a transaction valued at $3.6 M in cash and shares, which will provide non-dilutive funding for a drill program planned for this spring on its New Boston copper-moly-silver porphyry system in Nevada. The binding terms of the Definitive Agreement include: Sale of a 100% interest in H-K to [...]
VR Resources Ltd. has just completed its final field visit in preparation for the maiden drill program planned for its New Boston property and polymetallic Cu-Mo-Ag porphyry system in west-central Nevada. Confirmed drill hole designs while standing on recently permitted drill sites in the field; Met with drill contractors to discuss logistics and timing for an efficient drill program; Staked out earth work plans for drill [...]
VR Resources Ltd. is pleased to provide an update on work planned in Q1 2024 to continue advancing the REE discovery at its Hecla-Kilmer project located in northern Ontario. VR's goal is to assess the potential for the first sustained rare earth element production, including the Permanent Magnet Rare Earth Oxides Nd, Pr, Tb and Dy, in Canada. Plans for Q1 2024 include: Phase 2 Metallurgical Studies: Completion of Phase II [...]
VR Resources Ltd. is pleased to report results from ongoing metallurgical work for rare earth element mineralization at the company's Hecla-Kilmer project in northern Ontario. New chemical data from laser ablation ICP-MS on the Hole 13 bulk sample confirms that the phosphate mineral apatite is uniquely enriched in REE. The apatite plays a dual role in REE mineralization: its crystal structure is uniquely enriched in REE [...]
VR Resources Ltd. has received its first NOI drill permit for its New Boston property and polymetallic copper-moly-silver porphyry system located in west-central Nevada. Figure 1. Satellite image showing selected drill sites for NOI permit applications for New Boston. For strategic reasons, two separate NOI permit applications have been prepared to cover both the large IP chargeability anomaly at Jeep Mine and the large [...]
VR Resources Ltd. is pleased to provide an exploration update for its New Boston polymetallic copper-moly-silver porphyry system located in west-central Nevada. VR completed a site visit to New Boston in August for two reasons: Sample stockwork copper-silver veins across the property in order to obtain modern ICP-MS geochemical data spanning the entire 4 km breadth of the polymetallic porphyry system, and; Site drill pad [...]
VR Resources Ltd. has expanded the number of claims covering an array of magnetic anomalies around its Northway kimberlite diatreme breccia property and diamond discovery in northern Ontario. Location of the new Northway properties relative to local, provincial and national infrastructure. The Northway strategy is now district-scale. VR now owns 1,567 claims in 16 separate claim blocks covering a total of 32,238 ha. All [...]
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