VR Resources Ltd (CVE:VRR) (OTCMKTS:VRRCF), the copper and gold explorer, has staked multiple new claims to expand its ground in the Walker Lane belt of west-central Nevada.
Following surface exploration by VR through the summer and fall of last year, the firm now owns seven properties along 20km at the Big Ten trend, it told investors in a statement Wednesday.
READ THE DEEP DIVE : VR Resources continues to build on the geological potential of its Nevada copper and gold projects
It comprises 75 claims in all, covering 1,526 acres. Big Ten lies immediately southeast of the Round Mountain and Manhattan epithermal gold systems which contain 16 million ounces (oz) and 800,000 oz of gold, respectively.
"VR’s land position on the Big Ten trend affords the unusual opportunity to explore and evaluate a complete epithermal gold system, both laterally and vertically," said VR CEO Dr. Michael H. Gunning.
"There is ample evidence for focused alteration and gold and silver mineralization along the entire 20 km length of the controlling structure. The Big Ten volcanic center is clearly fertile for gold, and its potential is underscored by the gold endowment of the next volcanic center to the north at Round Mountain."
New claims staked
At the Hat Peak property, four new claims were staked; at Kano, three new claims were added, and at Fisher, four new claims were gained.
At the Amsel property, 18 new claims were staked; at Danbo, the group has 21 claims; at Clipper, it has 17.
Meanwhile, at Little Joe, the firm has two new claims.
In February this year, the firm's shares were boosted as it told investors it had acquired the Clipper gold-silver property, which is on trend with the company's Danbo and Amsel properties in Nevada.
VR said the move meant it could explore a potential district-scale structure and epithermal gold system.
Contact Giles at giles@proactiveinvestors.com
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