VR Resources says drilling has extended its rare earth discovery to over 1,000 metres at its Hecla-Kilmer project in Ontario
Drill results included a 120 metre (m) intersection of 0.52% total rare earth oxides (TREO) starting at 237m
Company
CVE:VRR
VR Resources Ltd is an established junior exploration company focused on greenfields opportunities in copper and gold. VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private company. The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.
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Drill results included a 120 metre (m) intersection of 0.52% total rare earth oxides (TREO) starting at 237m
The company also said it was informed by the Ontario Ministry of Northern Development, Mines, Natural Resources and Forestry (MNDM) on October 29, 2021, that its application to the Ontario Junior Exploration Program, OJEP, was successful, a
The company's aim is to uncover, using new techniques, large copper-gold mineral systems
VR said it will use the gross proceeds of the financing for mineral exploration on its Hecla-Kilmer property in northern Ontario, and more specifically for a drill program anticipated for this upcoming winter 2022
The results confirm and expand upon the potential significance of the REE and critical metal component of the hydrothermal breccia system at H-K as first discovered in VR’s reconnaissance drilling last year, CEO Michael Gunning told investo
The United States Forest Service (USFS) has now reviewed VR's drill permit application and given the go-ahead meaning the firm will now post an environmental bond, a standard condition for a final permit
Five holes, for a total of 2,604 meters (m), were drilled, which were focused on a large, gravity anomaly and VR said it expected to have all mineral and geochemical data in hand by the end of the year
The company said results from the Kawich target demonstrates its potential as a large-scale porphyry center and driver of the polymetallic mineral system at Reveille
The company said the current drill program is targeting a copper-gold-rare-earth-element (REE) hydrothermal breccia
New data from the re-assay of samples from one of these holes has confirmed rare earth element (REE) concentrations of more than 0.5% total rare earth oxide (TREO), said the explorer
The work also tested the Kawich anomaly, which is believed to be the potential source of the mineral system at Reveille
Phase 2 drilling, comprising four holes, is expected to take two to three weeks, with geochemical results anticipated by the end of the summer
The junior exploration company said that it has expanded the property based on a new 3D-array DCIP anomaly
The company said it will use the gross proceeds of the financing for its mineral exploration business, and more specifically to solidify the company’s plan for follow-up drilling this September at its Hecla-Kilmer IOCG project in Northern O
The company said the “intervals of copper, gold and critical metal mineralization intersected last Fall by VR are located on the eastern margin of a large” gravity anomaly
The company has secured a track-mounted diamond drill rig to complete a core hole on the jasperoid breccia-pipe gold target at Reveille named G1
A fifth hole, designed to test a low-density gravity anomaly, will be completed in a few weeks using a smaller, track-mounted rig
A four-hole reconnaissance drill program, for 1,971 metes was completed at the property late last year
The aim is to complete north of 1,500 metres drilling in five to six holes during the next two weeks
VR Resources said it will use the gross proceeds of the financing for mineral exploration on its mineral properties in Ontario, and more specifically for a detailed ground-based gravity geophysical survey at the Hecla-Kilmer property planne