VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) (FRA:5VR) has received a drill permit for its Reveille silver project in the Walker Lane belt of Nevada and plans to get going on the ground there as it awaits for a similar permit for its nearby Amsel gold asset.
The explorer said it aims to get drill rigs turning in two to three weeks at Reveille, while a state-of-the-art DC resistivity and time‐domain induced polarization (DCIP) survey is poised to begin there this week.
READ: VR Resources prepares to start drilling at its Reveille silver-copper project in Nevada
"The targets are ready, the permit is in hand, the IP crew is on its way to the property, and the drill schedule is set for later this month," said CEO Michael Gunning in a statement.
"Our goal with this strategy is to provide our shareholders with the near-term upside potential of a copper-silver discovery at Reveille this winter as we await the permit for our nearby Amsel gold project to the north where we continue to plan for a drill program this summer."
Reveille comprises 66 mineral claims in one contiguous block covering 1,344 acres and VR has been working there since June last year, with field work wrapping up in the third week of December, 2020.
Targets have been attained from detailed sampling and surveying and lie on the western side of this district-scale property for both silver-copper CRD mineralization, and for gold related to late, Carlin-style fluids.
This western flank has never been previously explored or drilled as the potential source and overall driver of the high-grade silver-copper mineralization at Reveille.
Gunning added: "While the high silver grades of the historic workings in the hills to the east have attracted all the attention during the past 140 years of prospecting the region, we understand that mineralization to be distal in nature, based on our geochemical data, and our focus here is to identify and test targets in the covered valley to the west as the potential source of that mineralization."
Contact the author at giles@proactiveinvestors.com