VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) is planning follow-up work at the Hecla-Kilmer property in Ontario after its recently-completed fall reconnaissance drill program, it told investors on Thursday.
The company sank four holes on the northern magnetic anomaly at the property for 1,971 metres (m) before the onset of winter.
READ: VR Resources kicks off follow-up exploration at Reveille silver project in bid to refine drill plans
A hydrothermal breccia and sulfide alteration system which comes to surface and has more than 600m of continuous vertical extent was seen in two drill holes.
"The results demand follow-up drilling in order to completely test other areas across the large H-K complex for copper and gold mineralization similar in style but stronger to that discovered in this program," VR said in a statement.
Before that drilling, though, the company plans to complete a detailed, ground-based gravity survey this winter when the ground is frozen enabling a more cost-effective program.
"Overall, this drilling confirms the geological nature of the polyphase complex, and has discovered a large and intense hydrothermal breccia and potassic alteration system with the potential to host a copper-gold breccia deposit with IOCG-affinity," said VR's CEO Michael Gunning in a statement.
The 100% owned Hecla-Kilmer complex comprises 224 claims in one contiguous block covering 4,617 hectares.
It lies 35 kms southwest of the firm's Ranoke property in northern Ontario, and 23km northwest of the Ontario hydro-electric facility at Otter Rapids, the Ontario Northland Railway, and the northern terminus of Highway 634.
Contact the author at giles@proactiveinvestors.com