VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) said plans are underway for a second leg of drilling at its Amsel property in Nevada after its first drill hole at the property intersected 205 feet of silver and gold mineralization.
Other highlights from the first phase of the drill program include 62.5 metres (m) at 15.9 grams per tonne (g/t) silver and 0.10 g/t gold including 12.2 metres at 32.6 g/t silver and 0.12 g/t gold, starting at 211.8 m, and 7.6 m at 7.5 g/t silver and 0.5 g/t gold starting at 7.6 m including 0.9 g/t gold over 1.53 m.
The second stage of the reconnaissance drill program will test the company’s three target areas within the broad surface alteration footprint at the property, with a focus on the South IP anomaly.
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VR CEO Michael Gunning said results from the first phase of drilling supported the company’s conviction for continued drilling this summer to test the South IP anomaly located in the adjacent structural block for greater concentrations of sulphide, gold and silver.
“We started on the North IP anomaly this past winter mostly for logistical reasons,” Gunning noted.
“The South IP anomaly targeted this summer is, by comparison, larger in plan view, more deeply rooted in cross-section, stronger in chargeability values, and located below the strongest silver soil geochemistry with an associated high-temperature signature of thallium tungsten-moly and lead.”
Gunning said that the company believes the southern block of the horst was the principal pathway for hydrothermal fluids and pyrite deposition proximal to the high temperature source at Amsel, which is where the firm is planning to drill over the summer.
Drilling at the South IP anomaly to search for higher grades compared to those in the broad intersection in Hole 1 located in the adjacent structural block to the north, Gunning added.
"The correlation of the core attributes at Amsel to the 20Moz gold system at Round Mtn. located nearby to the north reminds us of the upside potential at stake at Amsel, and thus the importance of testing all of the key targets across the entire alteration system exposed at surface," the CEO said.
Based in Vancouver, VR Resources is an established junior exploration company focused on greenfield opportunities in copper and gold.
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