VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) has announced the discovery of new gold and silver mineralization from rock and mineral chemistry data taken during this summer’s drilling at the G1 and Kawich targets on its Reveille silver-copper project in Nevada.
The company said gold was confirmed over a 40 metre (m) interval within the broad, 150m pyrite intersections at Kawich, while silver was confirmed in the large G1 breccia pipe with sample results of up to 97.9 grams per tonne (g/t).
“Both G1 and Kawich are new discoveries; they expand the breadth of the Reveille system westward from the exposed range where the historic workings are located, and they confirm the presence of a hydrothermal gold overprint in the district,” VR Resources CEO Michael Gunning said in a statement.
READ: VR Resources kicks off drilling at its Hecla-Kilmer property in Ontario
“But perhaps most importantly, there is a high temperature, base metal signature for the broad, gold-bearing pyrite alteration facies at Kawich which demonstrates its potential as a large-scale porphyry center and driver for Reveille, which is what we came to this historic district to explore for,” Gunning added.
The company also said it has staked additional ground at Reveille and is planning follow-up exploration.
It added that Kawich was not explored during the previous 140 year history of prospecting in the district, yet this drilling confirms its potential as an overall driver of the polymetallic mineral system at Reveille.
As well, the company has reported plans to complete drill programs on its three highest priority properties and targets, namely Reveille and Amsel in Nevada and Hecla-Kilmer in northern Ontario.
The company noted that the drill is currently turning on the copper-gold hydrothermal breccia target at Hecla-Kilmer, and it continues to plan for a drill program later this fall on its Amsel gold property, pending receipt of a drill permit.
VR Resources is a junior explorer advancing assets in Nevada and Ontario, with a focus of uncovering, using new techniques, large copper-gold mineral systems.
Contact Sean at sean@proactiveinvestors.com