VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) has announced the successful completion of the fall drill program at its Hecla Kilmer (H-K) project and critical metals discovery located in northern Ontario.
The junior exploration company said the current drill program completed three holes to test for extensions around the 243 metre (m) intersection at 1.01% total rare earth oxides (TREO) in Hole 13.
“The discovery process at Hecla-Kilmer began with REE (rare earth element) mineralization discovered at surface in Hole 4 of the first program in the fall of 2020,” VR Resources CEO Michael Gunning said in a statement.
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“The goal of this fourth program was to complete additional drill holes into the two main areas with known higher grade critical metal mineralization in order to begin the assessment of their potential for mineral volume,” Gunning added.
VR Resources noted that it has now completed 22 drill holes for a total of 8,767 m at Hecla Kilmer, in four programs starting in the fall of 2020, with 1,273 samples having been submitted for geochemical analysis.
The company added that it expects to receive final data through the upcoming months of December and January.
As well, VR Resources reported that, concurrent with the drilling, it has begun scanning electron microprobe research to determine exactly which minerals host the high-value magnet rare earth elements.
The company said it has also begun scoping a metallurgical test/extraction study using a bulk sample of whole core from a mineralized drill hole.
VR Resources is an established junior exploration company focused on greenfields opportunities in critical metals, copper and gold. The company seeks to create value by recognizing the shift in global resource demand related to the emergence of new, sustainable technologies in the transitioning green economy.
Contact Sean at sean@proactiveinvestors.com