VR Resources to raise up to $1.3 million to bolster spring 2019 exploration campaign
Funds raised will go towards a number of projects including the firm's Nevada projects as well as the Ranoke property, located in Ontario
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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Funds raised will go towards a number of projects including the firm's Nevada projects as well as the Ranoke property, located in Ontario
The firm now owns seven properties along 20km at the Big Ten trend, it said
The junior exploration company acquired the Ranoke property, a 7,000-hectare target near major infrastructure
VR Resources is still picking up new ground as it continues to assess the potential of its Nevada portfolio
A further 36 claims were staked to the south and west of the property to cover new surface showings
Clipper consists of 17 claims covering 328 acres and lies around 4 km southeast along trend from the Danbo property
The Vancouver-headquartered firm has recently completed reconnaissance drilling at the project, which, the firm says, has confirmed the new Cretaceous copper system
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The shares were issued as part of a sale agreement signed last year, with another 250,000 shares due once VRR completes a 43-101 compliant mineral resource estimate
This drilling comes after more or less continuous surface exploration at Junction since April 2018...
Exploration is ongoing across a swathe of attractive properties in Nevada
Outlining exploration at the project this spring, the firm said it continues to compile and synthesise new data
VR Resources aims to begin surface exploration at Kraut early this summer