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VR Resources Ltd (CVE:VRR)

VR Resources Ltd (CVE:VRR)

Share Price
$ 0.24
0.025 (11.63 %)
Market Cap
$11.31 m
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VR Resources Ltd

VR is a new listing in the junior exploration space (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). The diverse experience and proven track record of its Board in early-stage exploration and discovery is the foundation of VR. The Company is focused on exploring for large copper-gold mineral systems in the western United States. VR is the continuance of 4 years of active exploration in Nevada by...

Market: TSX-V:VRR
52-week High/Low: C$0.43 / C$0.17
Sector: General Mining - Copper
Market Cap: C$11.31M

VR Resources Ltd

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Big picture - Why invest in VR Resources Ltd

VR Resources Ltd Snapshot



The Bonita property is large, encompassing a district of historic copper, gold and iron workings (see Satellite Image below). The showings are unified by a single, district-scale hydrothermal system with a large alteration footprint within which copper sulfide and gold mineralization has been sampled by VR over an area of approximately 4 x 5 kilometres (see Copper and Gold Map below).

VR has identified several large and specific exploration targets for porphyry copper-gold mineralization at Bonita over the past three years of exploration. They are based on the integration of geological mapping, mineral alteration vectors, rock and soil geochemical anomalies, and gravity, magnetic and resistivity geophysical anomalies (see Exploration Targets Map below). Integrated exploration targets represent the potential to discover not just one, but a cluster of buried, porphyry copper stocks and/or iron oxide breccia pipes which give rise to the various historic surface workings of copper-gold veins, and copper-gold bearing iron oxide hydrothermal breccias (IOCG) in peripheral alteration zones. 

VR completed an independent NI 43-101 compliant Technical Report in January, 2017. The objective of VR is to complete first pass diamond drill programs recommended in the report in order to pursue the discovery of a new porphyry copper-gold deposit, and potentially a new copper-gold camp in the western US. To read more click here,

Junction - to read more click here.

Big Creek - to read more click here.

Boston - to read more click here.




The Danbo property is located along the northern margin of the of the Walker Lane belt in west-central Nevada. It occurs in an extensional, Tertiary-aged rhyolite volcanic centre analogous to the setting of the Round Mountain gold mine located approximately 50 km’s to the north, and the past producing Paradise Peak gold deposit located 110 km’s to the northwest, operated by FMC Mining Corp. between 1986 and 1994.

There are scattered historic workings at Danbo and in the surrounding district, active between the 1900’s and 1930’s, but modern exploration at Danbo is limited to early-stage surface sampling and a reverse-circulation drilling program in the early 1980’s by Amselco. Overall, the property is remote and underexplored, but there is road access for cost-effective exploration. The potential for VR is to be the first company to fully evaluate and diamond drill test the 1,500 metre strike length of the low-sulfidation, gold bearing epithermal quartz vein system exposed at surface at Danbo. To read more click here.

Michael Gunning - President and CEO, Director

Dr. Gunning is a Professional Geologist with over 30 years of experience in mineral exploration and geological research. His experience spans work in federal and provincial geological surveys, exploration in North and South America with Cominco (now Teck), and proven executive leadership in the junior exploration sector, including recent success in the sale of two companies. He is extensively published, holds several industry awards, and is past-president of numerous industry organizations.

Upon completion of his PhD at the University of Western Ontario, Dr. Gunning spent nearly a decade both learning and leading mineral exploration with Cominco, before moving on to a lead Mineral Deposits Research Geologist position with the Saskatchewan Geological Survey, which included work in Strategic Development in the energy sector. This work led to Dr. Gunning to the uranium junior exploration sector in Vancouver, culminating in his role as CEO of Hathor Exploration Limited, where he led successive resource and PEA milestones for the Roughrider uranium deposit discovery, and guided Hathor successfully through a hostile takeover bid and eventual $654 million acquisition by Rio Tinto, one of the top ten deals in mining globally in 2011. He built on that success as Executive Chairman of Alpha Minerals, which was acquired in 2013 for C$190 million, following the discovery of the Patterson Lake uranium deposit in Saskatchewan.

Dr. Gunning is now focused on VR Resources. He does not hold any Advisory positions, and is currently on the Board of just one other company, Aurelias Minerals Inc. (TSX-V).

Dr. Gunning is a past-President of the Saskatchewan Geological Society and the Society of Economic Geology Student Chapter, and he served on the AME BC Roundup Committee and continues to present at the annual AME Exploration Safety Workshop. Having played field hockey at the club, university, national and international level, he is currently a Director of Field Hockey Canada, and Chair of the Canadian Men’s Field Hockey Olympic Trust, and he holds several provincial awards recognizing service to sport.


Darin Wagner - Chairman

Mr. Wagner is a Professional Geologist with over 25 years of exploration and corporate development experience. Mr. Wagner spent the first 10 years of his career as a project geologist and manager in North and South America with two of Canada’s largest and most successful exploration and mining companies: Noranda (now Xstrata) and Cominco (now Teck).

In 1999 Mr. Wagner became Vice President, Exploration for New Millennium Metals Corp. which was successfully merged with Platinum Group Metals Ltd. in 2002. Mr. Wagner served as Exploration Manager for TSX-listed Platinum Group Metals through the acquisition, discovery and initial delineation of the multi million ounce Western Bushveld PGE deposit in South Africa.

Mr. Wagner became President of Sydney Resource Corp. in September 2005 and helped steer the successful merger with Band Ore Resources to form West Timmins Mining Inc. in 2006. He then served as a President, CEO, Director and Qualified Person for West Timmins Mining through the discovery of the high grade Thunder Creek Gold Zone in Timmins, Ontario and the acquisition of West Timmins by Lake Shore Gold in an all share deal valued at $424 million which was completed in November of 2009.

Mr. Wagner is President, CEO and founder of Balmoral Resources Ltd. (TSX) who have been twice recognized as Explorers of the Year in Quebec for the Martiniere Gold and Grasset Nickel discoveries. Mr. Wagner also serves on the Board of Directors of Palamina Corp (TSX-V), was a co-founder Falco Resources (TSX-V), and is a founding director of NewCastle Gold (TSX-V).



Michael Thomson - Director

Mr. Thomson has over 30 years of experience in the securities industry as a lawyer, regulator, investment banker, Vice President with two securities dealers, and an entrepreneur. Mr. Thomson has been the President and principal of Independent Capital Partners Inc., a corporate finance consulting and advisory company since May 1998. He is also a past independent director of the Lil’Wat Business Corporations, the business arm of the Mt. Currie (Pemberton) First Nations Band.

Mr. Thomson has been the founder or co-founder of a number of capital pool companies that have completed arm’s length business combinations and Qualifying Transactions with various private companies, including a number of companies in the resource sector.

Mr. Thomson is currently a director of Roll-Up Capital Corp. (TSXV), Solegear Bioplastic Technologies Inc. (TSXV), Century Energy Ltd. (TSXV) and Metropolitan Energy Corp. (NEX). Mr. Thomson founded Metropolitan in 2007, negotiated and managed its initial public offering in 2008, is a past President, and has been a director since incorporation. Mr. Thomson is also the President, Chief Executive Officer, Chief Financial Officer and a director of Soleil Capital Corp., a capital pool company that closed its initial public offering on January 26, 2017.

Mr. Thomson obtained a Bachelor of Law degree from the University of Ottawa in 1983.


Craig Lindsay - Director

Mr. Lindsay has over 20 years of experience in corporate finance, investment banking and business development in both North America and Asia. His recent focus has been on mineral resources in the western United States. He is currently President and CEO of Otis Gold Corp. (TSX V), a junior exploration company advancing the Kilgore Gold Project in Idaho.

Previously, Mr. Lindsay was President and CEO of Magnum Uranium Corp. until its merger with Energy Fuels Inc. in July 2009. Prior to that he was a Vice President in the Corporate Finance and Investment Banking Group at PricewaterhouseCoopers LLP. Mr. Lindsay was a founding Director of Malaspina Capital Ltd., a junior capital pool company, and was responsible for identifying its merger with Miranda Mining Corp (a Mexican based gold producer that was subsequently acquired by Wheaton River Minerals). He is currently a Director of Alianza Minerals Ltd. (TSX V) and Philippine Metals Inc. (TSX V).


Blaine Bailey, CPA, CGA - Chief Financial Officer


Mr. Bailey is a Chartered Professional Accountant and Certified General Accountant working with public and private companies over the past 20 years. Mr. Bailey brings complementary skills to the team in areas of finance, administration, and financial reporting. Mr. Bailey is currently the CFO of Cardero Resource Corp., Centenera Mining Corporation and CFO and Director of Arrowstar Resources Ltd. (TSX-V).

Mr. Bailey received his Bachelor of Commerce degree (Honours) from the University of Manitoba in 1977, and qualified for the CPA, CGA designation in British Columbia in 1983. Mr. Bailey has served in the capacity of accountant for Molson Brewery B.C. Ltd. and controller for Nabob Coffee Co. with head offices in Zurich, Switzerland.


Cyndi Laval - Corporate Secretary

Ms. Laval is a partner at the law firm of Gowling WLG (Canada) LLP, Vancouver, B.C. and is the leader of the firm’s Corporate Finance, M&A and Private Equity Group in Canada.

Ms. Laval practices M&A, Corporate Finance and Mining Law, and has over 20 years of experience. Her practice involves advising issuers on merger transactions, corporate finance activities, such as equity and debt financings, stock exchange listings, corporate and securities regulatory compliance, corporate reorganizations, corporate governance, and mining-related transactions.

Ms. Laval was named Vancouver “Lawyer of the Year” for Mining by the Best Lawyers in Canada in its 2017 edition. She has also been named one of Vancouver’s 30 leading lawyers by the National Post and is recognized as a leading lawyer in The Best Lawyers in Canada, Legal 500 Canada, Lexpert’s Leading Canadian Lawyers in Global Mining, Canadian Legal Lexpert Directory, Who’s Who Legal: Canada and Who’s Who Legal: 100.

Prior to joining private practice, Ms. Laval worked in the policy department of the now TSX-V. Ms. Laval was a member of the TSX-V’s Local Advisory Committee from 2006 to 2013 and an instructor of the TSX-V Rules and Tools Corporate Governance Workshop from 2004 to 2010.


Frances Petryshen - Corporate Compliance

Ms. Petryshen brings over 25 years of management experience with a specialization in corporate compliance and governance for public, private and not-for-profit organizations. She has been a Director and Officer of several public and private companies. Ms. Petryshen is an Accredited Director (“Acc.Dir.”) and a Fellow with the Institute of Chartered Secretaries and Administrators (“FCIS”) where she currently serves as Director of the British Columbia branch of the Institute.

[email protected]
+1 (604) 262-1104

1750 - 700 West Pender St.

Vancouver, BC

V6C 1G8

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