VR Resources Ltd (CVE:VRR) told investors it was preparing for a "targeted, first pass drill program" on copper-silver mineralization at its Junction property in Nevada, USA.
It has received final approvals for required drill permits, a drilling contract has been executed, and start-up is planned for later this month.
Highway access to the property and ranch roads throughout the property is set to mean cost-effective exploration.
Select grab samples from the six-kilometre trend show surface copper-silver showings and a series of diamond drill holes will target IP and resistivity anomalies near a large gravity anomaly in the central part of the trend.
This drilling comes after more or less continuous surface exploration at Junction since April 2018, VR Resources noted.
The firm says it will drill-test the integrated targets named Wilder and Denio at the eastern and western ends of the copper-silver trend respectively.
At Wilder Creek, copper-silver mineralization is hosted in quartz - potassium feldspar granite dykes and at Denio Summit , a series of mineralized quartz-feldspar granite dykes and gold-bearing quartz veins are mapped at the surface along a 1.5km trend.
The group's chief executive Dr Gunning summed up: "Junction has developed into a district-scale trend of copper-silver showings.
"The copper-silver correlation is striking and steadfast and improves the economic potential of the property.
"We understand the nature of the silver mineralization and have identified analogues, current mines, to improve our exploration.
"The concentric magnetic ring feature at Wilder is characteristic of deep porphyry settings and is compelling evidence for a large, rooted source body for the concentration of mineralized dykes at the surface.
"I believe in the value-creation potential of this property because Nevada is proven for large copper systems of this geologic age, and local infrastructure will allow us to test this potential cost-effectively.
"We look forward to providing further updates as drilling proceeds."
The Junction property consists of 152 claims covering 3,140 acres (1,271 hectares) within an area of around 7.5 by 3 kilometres.
VR Resources shares were unchanged at $0.255.
Reporting by Giles Gwinnett
giles:proactiveinvestors.com