VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) has said a third drill program is expected to begin at its Hecla-Kilmer (H-K) property and large-footprint copper-gold breccia target with critical metals in Ontario in around three weeks' time.
The aim is to identify copper, gold, and critical metals in higher concentrations than those hit in the previous two drill programs. The wholly-owned H-K property, 35 kilometres (km) from VR's Ranoke property, comprises 224 mineral claims in one contiguous block around 6 km by 7 km and covering 4,617 hectares.
"While we wait for the geochemical results from our recently completed first-pass drill program at our Amsel gold-silver target in Nevada, it is good to have the camp at Hecla-Kilmer back up and running in preparation for drilling," said CEO Dr Michael Gunning in a statement.
"The drone magnetic survey completed last fall has certainly provided the obvious vector for how best to follow up on the broad intersections of critical metals within the large and high-temperature hydrothermal breccia system discovered in our two previous drill programs in 2020 and 2021," he added.
READ: VR Resources encouraged by early drill holes at Amsel gold-silver property, Nevada
There is also a "broad interval of elevated gold" along a northerly trending fault that is believed to control hydrothermal fluids, the VR CEO said.
Gunning also noted that the company's drilling at H-K was "early stage" but that the nine holes completed to date had demonstrated the polymetallic nature of the hydrothermal breccia and alteration system at H-K.
Four different styles of mineralization are already evident at the project, namely rare earth elements (REE) in veined and brecciated carbonatite dykes, lithium mineralization in hydrothermal breccia, copper sulfide in veinlets with iron and silica, and elevated hydrothermal gold related to syenite porphyry dykes.
"To be certain, we have only just started to identify and understand the specific controls of these various styles of mineralization in the northern part of the complex, and the remainder of this large and multiphase complex at H-K has yet to be drill-tested at all. We look forward to providing further updates as we get closer to the drill turning for the third program at Hecla-Kilmer in the coming weeks," he concluded.
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 the writer at giles@proactiveinvestors.com