VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) announced that drilling has resumed on the kimberlite diatreme breccia pipe complex at its Northway property in northern Ontario.
The junior exploration company said the first two holes intersected various kimberlite breccia phases below a cover of Devonian-aged limestone and sandstone, but drilling was terminated because of caving in the sandstone.
“In Holes 1 and 2 we have a pierce point into the southeast and central parts respectively, of the large magnetic anomaly and kimberlite breccia pipe complex at Northway,” VR Resources CEO Michael Gunning said in a statement.
“We believe that with a new approach to drilling through the sandstone cover, Hole 003 now underway will produce the most complete intersection to date through what we believe to be the central plumbing system of the large breccia pipe complex, based on an array of magnetic products we now have in hand,” he added.
VR noted that Hole 003 is collared at the same location as Hole 2, but is inclined steeply to the north into the heart of the anomaly, that is, into the largest area of high amplitude magnetic data directly above the vertical roots of the feature as viewed in 3D inversion profiles.
The company added that the three drill holes will span nearly 900 metres across the upper part of the breccia pipe complex at Northway.
VR said it plans to have all of the samples prepared and shipped to Saskatchewan by the first week of July and anticipates having results by the end of the summer.
VR Resources is an established junior exploration company focused on greenfield opportunities on large-footprint mineral systems in the western US and Canada.
Contact Sean at sean@proactiveinvestors.com