VR Resources has completed the first leg of the planned two-phase reconnaissance drill program at its Amsel epithermal gold-silver property located in west-central Nevada. Three reverse circulation holes on northern IP anomaly to depths of 774 - 823 ft, for 2,402 ft in total. Each hole successfully intersected continuous silica-sulphide alteration through its entirety. Water pressure at the 800 ft level resulted in the [...]
VR Resources is pleased to announce that it is on the ground in Nevada completing final preparations for first-pass drilling at its Amsel gold-silver project in Nevada. Field crews cleared the main access road and prepared drill sites in the last two weeks of January, and the drill is expected to arrive on site this week to commence drilling. CEO Comment From VR's CEO Dr. Michael Gunning: "The Company has four years of [...]
VR Resources is pleased to provide new geochemical data for the remaining 4 drill holes from the five-hole program completed in October at its Hecla-Kilmer project in Ontario. Critical Metals Figure 1, appended to the end of this NR, shows the locations and key intersections for the nine drill holes completed to date at H-K. Supporting data are summarized in Table 1 on the following page herein. In addition to the 49 [...]
VR Resources Ltd. is pleased to announce that it has closed its previously announced non-brokered flow-through private placement consisting of 2,631,579 flow-through shares at a price of $0.38 per flow-through share for gross proceeds of $1,000,000. In connection with the Financing, the Company paid a cash finders fee of $60,000.00, issued 157,894 finders share purchase warrants exercisable at $0.50 per warrant for a [...]
VR Resources Ltd. announces a non-brokered flow-through private placement for $1 million. The non-brokered flow-through private placement will consist of up to 2,631,579 flow-through shares at a price of $0.38 per FT Share for gross proceeds of $1,000,000. The Company will pay a 6% cash finders fee and will issue 6% finders warrants exercisable at $0.50 per warrant share for a period of 18 months from the closing date. VR [...]
VR Resources Ltd. is pleased to provide new data from the first of five holes completed in October at its Hecla-Kilmer project in northern Ontario. A 299 m intersection in drill hole HK21-005, starting near surface, confirms the discovery of a new and large-footprint REE and Critical Metals system at H-K: Total rare earth oxides average 0.47% TREO over 299.53 m starting near surface at 52 metres hole depth, just 8 metres [...]
VR Resources Ltd. is pleased to provide an important update for its Amsel gold-silver project in Nevada: The United States Forest Service has concluded its review with a Positive Decision for the Company's drill permit application for its Amsel project. In follow-up to the Decision, the Company will arrange to post an environmental bond, a standard condition for a final permit. The Company has received final data from age [...]
VR Resources Ltd. announces that the fall 2021 drill program has been completed at its Hecla-Kilmer project in northern Ontario, with 5 holes completed to target depths for a total of 2,604 m. Figure 1 shows the four drill holes completed in 2020 which targeted the northern MVI anomaly at H-K, derived from the 3D inversion of the high resolution airborne magnetic survey over the entire H-K complex, and which resulted in [...]
VR Resources Ltd. is pleased to report that is has received all of the rock and mineral chemistry data from drilling this summer on its Reveille silver-copper project in Nevada. silver is confirmed in the large G1 breccia pipe, up to 97.9 g/t; gold is confirmed over a 40m interval within the broad, 150 m pyrite intersections at Kawich; Kawich is confirmed as the potential porphyry center driving Reveille based on a clear [...]
VR Resources Ltd. is pleased to announce that drilling is now underway at its Hecla-Kilmer property and copper-gold-REE hydrothermal breccia target. Photo 1 is a photograph from the field this past weekend, Sunday, September 12th, showing the diamond drill rig at HK21-005, shown on the location map in Figure 1. Figure 1 shows the locations of the drill holes planned for this fall, and those completed last fall, in [...]
VR Resources Ltd. is pleased to provide an update on its ongoing exploration of the multi-phase carbonatite complex and IOCG breccia system at its Hecla-Kilmer property located in Northern Ontario: New data from the re-assay of sample pulps from drill hole HK20-002 confirm rare earth element concentrations exceeding 0.5% TREO over widths exceeding 50 m in high density mineralization zones within hydrothermal breccia. The [...]
VR Resources Ltd. is pleased to report that Phase II of its first-pass RC drill program at its Reveille silver-copper and gold property in the Walker Lane gold-silver mineral belt in west-central Nevada has been completed. Four holes were completed for a total of 1,552 metres. The current drilling follows up on the geochemistry from the four Phase I drill holes completed in March, and it tests the Kawich anomaly that was [...]
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