VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the
"
Company", or “
VR”, is pleased to
provide further details on the upcoming drill program planned for
later this month at its Silverback copper-gold project in
Northwestern Ontario.
- The drill program is targeting
three high-priority areas identified through the recently completed
3D array DCIP chargeability survey completed in late November 2024,
as illustrated in Figure 1.
From VR's CEO Justin Daley: “Our exploration at
Silverback has steadily progressed from broad regional surveys and
local prospecting to targeted drilling, all guided by modern
mineral deposit modelling. Despite widespread thin glacial cover
and few outcrops, we are happy to see important geological and
structural features consistently characterized across our
independent geophysical datasets. We plan to drill test these
target areas for mineralization with a series of scout holes
designed for optimal logistics and cost-effectiveness. To that end
we are clearing access roads of snow and cutting drill trails and
building pads in the high-priority areas for drilling later this
month.
The remainder of this news release provides an
illustration of the targets themselves. We want to highlight the
broad array of data involved, and emphasize the shear scale of the
mineral system across 2.5km. The integration of modern 3D DCIP
technology with both historic and recent airborne EM and magnetic
data, together with recent prospecting and drilling on the ground
gives us a clear picture of where mineralization is concentrated.
With the newly defined targets—centered on well-defined shear zone
structures and supported by early drilling results—we are giving
ourselves the best chance at identifying areas of remobilized
copper and gold mineralization above and within an
intrusion-related source.”
The 2024 DCIP SurveyThe survey
delineated three near-surface IP anomalies that correlate with
conductivity zones in a previous, and independent airborne
frequency-domain EM and magnetic survey. Each target area shown in
Figure 1 is focused on north-south trending shear zones, and more
specifically, where these structures intersect the edges of
nickel-chrome bearing mafic-ultramafic bodies and dykes. These
mafic intrusions and their contacts are outlined by high magnetic
response, are confirmed by prior drilling, and appear to predate
the gold-mineralized porphyry intrusion and subsequent shearing. As
such, they can provide crucial crustal pathways for hydrothermal
fluids and act as chemical traps, making them ideal environments
for hydrothermal copper-gold deposition.
Target Area 1 – Central Zone
(CZ)
- The largest high-amplitude IP
anomaly 1.2 km long is in the center of the project area and
follows the north-south trending structural break. This structure
is also associated with outcrops of sheared gabbro with high grade
copper-gold mineralization (Photo 1A), and with
the occurrence of molybdenite on fractures (Photo
2).
- The IP anomaly comes to surface
along a parallel trend of shearing, approximately 300 meters east
of the main showing in an area of glacial cover, as illustrated in
Figure 1, Section A.
- The magnetic response of the
east-west trending mafic body forms a trough across the IP anomaly,
possibly due to demagnetization from hydrothermal alteration along
the Central Zone structure (Figure 2).
- To the north, beyond the
1,200-meter-long IP anomaly, the Central Zone structure continues
as near-surface DIGEM conductivity anomalies, potentially caused by
clay alteration, as observed in Hole 2 from previous drilling.
Target Area 2 – North Arm
(NA)
- Located northeast of the Central
Zone, the North Arm target area consists of a 400 by 800-meter
low-amplitude chargeability anomaly, along the western edge of a
magnetic high, where the east-west trending mafic intrusion is
offset more than 1 km by the North Arm shear zone.
- Intrusion-related quartz-carbonate
veining with sulfide within the mafic intrusion (Photo
1C) that was discovered during the IP survey occurs where
the IP anomaly comes to surface on Figure 1, Section
B.
- The structure coincides with a
6-channel EM anomaly in an historic Ontario Geological Survey
publication (OGS map M80524), and also with a shallow DIGEM
conductor anomaly from the 2023 survey. The 6-channel EM anomaly
reflects a subsurface conductive body with strong signals spanning
from shallow, fast-decaying responses to deep, slower-decaying
responses, indicating potential for a plunging, continuous
conductor at the mafic intrusion contact.
- A parallel DIGEM conductor trend,
located 200 meters west, may represent a secondary splay of the
main structure, bounding the western margin of the “Y” shaped IP
anomaly here.
Target Area 3 – West Dyke
(WD)
- The West Dyke target is centred on
the intersection of another north trending shear structure, which
dislocates the subparallel West Dyke near Hole 2, and a
west-northwest crustal structure and trend of IP anomalies (see
Figure 1).
- The porphyry intrusion in Hole 2,
roughly 450 metres south of the West Dyke IP anomaly, appears to
have intruded along the eastern flank of the West Dyke, and is
associated with a DIGEM conductor anomaly. That conductivity is
coincident with and likely caused by the clay and sericite
alteration observed alongside the disseminated sulfides and
quartz-carbonate veining (Photo 1B) that coincides
with a nearby small IP anomaly.
Figure 1. Plan map (lower) and
sections (upper) of the recent 3D array DCIP survey at Silverback.
The plan map shows IP isoshells at 12.5 mV/V (orange) and 15 mV/V
(red) on a basemap with inferred shear-zones and margins of the
nickel-mineralized mafic dykes and intrusions which span the entire
property. The central and largest IP anomaly (CZ) correlates with
the largest blowout of the mineralized mafic dyke, and the
strongest shear-fabrics observed in outcrop; the integrated CZ
target exceeds 1 km in strike length.
Rock Photos of
MineralizationUpcoming drilling at Silverback will target
the potential for high-grade remobilized shear zone mineralization
within a deposit model for intrusion-related copper, gold and
silver mineralization associated with widespread disseminated
sulfides, quartz-carbonate veining (Photo 1) and
sericite-chlorite alteration in an Archean porphyry intrusion,
first seen in Hole 2 from spring 2024 reconnaissance drilling. The
presence of molybdenite on fractures (Photo 2)
reinforces an intrusive source for copper and gold mineralization
at Silverback, yet also speaks to the temperature and intensity of
fluid flow carrying these metals into shear-zone structures.
Molybdenum, a critical pathfinder in the Hemlo gold camp, is
typically found near the strongest gold mineralization, especially
where overprinted by later sericite alteration and quartz-carbonate
veining.
Photo 1. Examples of
copper/gold mineralization found across the Silverback project
related to an inferred intrusion-related source (refer to map in
Figure 1 for location of zones). A: Remobilized
copper, gold and silver mineralization in shear zone outcrop with
strong silicification at Central Zone. B: Gold
mineralized interval of weakly sheared porphyry intrusion at 95m
depth in Hole 2 in the West Dyke zone, with quartz-carbonate
veining and clay-sericite alteration. C:
Quartz-carbonate veining with sulfides recently discovered in the
North Arm zone within a dislocated extension of the east-trending
mafic intrusion, and with the exact same habit and texture as those
in Hole 2 located more than 2,500m to the west.
About the Silverback Project
The project now consists of 71 mineral claims in
1 contiguous block covering 4,442 hectares. The
project is located on Federal crown land, with mineral rights
administered by the Ontario Ministry of Mines. There is a 2% net
smelter royalty on the claims. There are no annual payments, but
the Ministry requires certain annual exploration expenditures and
reporting (ie. mineral assessment reports) in order to maintain a
mineral claim in good standing. The Properties falls within the Lac
de Mille Lac First Nation traditional territories.
Technical Information
Surface grab samples and drill core samples were
submitted for geochemical analysis to the AGAT laboratory in
Thunder Bay, Ontario. Drill core was logged, cut and sampled at the
Holbik Exploration warehouse in Upsala, Ontario, with sample
preparation completed by AGAT in Thunder Bay alongside gold and PGE
determination by atomic absorption assay. ICP-MS analyses for base
metals, whole rock, and trace elements is performed at AGAT’s
laboratory in Calgary, AB. Analytical results are subject to
industry-standard and NI 43-101 compliant QAQC sample procedures,
including the systematic insertion of sample duplicates, blanks and
certified reference material (CRM) done both externally and
internally at the laboratory by AGAT, as described by AGAT.
Technical information for this news release has
been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101. The content of
this news release has been reviewed on behalf of the Company by
Justin Daley, MSc, PGeo, President & CEO at VR, and a
non-independent Qualified Person, oversees and/or participates in
all aspects of the Company’s mineral exploration projects.
About VR Resources Ltd.
VR is an established junior exploration company
based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR
evaluates, explores and advances opportunities in copper, gold and
critical metals in Nevada, USA, and Ontario, Canada. VR applies
modern exploration technologies, in-house experience, and expertise
in greenfields exploration to large-footprint systems in
underexplored areas/districts. The foundation of VR is the proven
track record of its Board in early-stage exploration, discovery and
M&A. The Company is financed for its mineral exploration and
corporate obligations. VR owns its projects outright and evaluates
new opportunities on an ongoing basis, whether by staking or
acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Justin Daley”
Justin Daley, MSc, P.GeoPresident & CEO
For general information please use the following:
Website: www.vrr.caEmail: info@vrr.caPhone:
778-731-9292
Figure 2. Zoomed-in view of the
Central Zone IP chargeability anomaly shown in Figure 1, with a
15.5 mV/V response extending for over 1,200 meters north to south.
The mafic intrusion is characterized by a high magnetic response
(indicated by closely spaced 20 nT contours), which is strongest on
either side of the Central Zone structure. The localized magnetic
low within the anomaly may result from demagnetization caused by
hydrothermal alteration along the structure
Forward Looking StatementsThis
news release contains statements that constitute "forward-looking
statements". Such forward looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
Company’s actual results, performance or achievements, or
developments in the industry to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document include statements
concerning VR’s expectations that it will share detailed
exploration plans and plans for drilling in 2025, and all other
statements that are not statements of historical fact.
Although the Company believes the forward-looking information
contained in this news release is reasonable based on information
available on the date hereof, by their nature forward-looking
statements involve assumptions, known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Examples of such assumptions, risks and uncertainties include,
without limitation, assumptions, risks and uncertainties associated
with general economic conditions; adverse industry events; future
legislative and regulatory developments in the mining sector; the
Company’s ability to access sufficient capital from internal and
external sources, and/or inability to access sufficient capital on
favorable terms; mining industry and markets in Canada and
generally; the ability of the Company to implement its business
strategies; competition; and other assumptions, risks and
uncertainties.
The forward-looking information contained in this news release
represents the expectations of the Company as of the date of this
news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While the company may elect to, it does not undertake
to update this information at any particular time except as
required in accordance with applicable laws.
This news release may also contain statements and/or information
with respect to mineral properties and/or deposits which are
adjacent to and/or potentially similar to the Company’s mineral
properties, but which the Company has no interest in nor rights to
explore. Readers are cautioned that mineral deposits on similar
properties are not necessarily indicative of mineral deposits on
the Company’s properties.
Trading in the securities of the Company should
be considered highly speculative. All of the Company’s public
disclosure filings may be accessed via www.sedarplus.ca and readers
are urged to review them.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in Policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release
Photo 2. Sample of
chlorite-altered mafic intrusion at south end of Central Zone with
crystalline molybdenite remobilized onto fracture planes; up to 350
ppm molybdenum in grab sample. This presence of molybdenite is rare
in a mafic intrusion setting and was one of the first clues towards
an intrusion-related copper-gold deposit model as source for
high-grade mineralization further north along the CZ structure.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb58905b-f720-4baa-b73a-fc87eb6e1ae9
https://www.globenewswire.com/NewsRoom/AttachmentNg/896281c7-17a2-4c04-821d-07e2dc3a2195
https://www.globenewswire.com/NewsRoom/AttachmentNg/e7a2b1fc-9cca-4e82-aec6-120293ae0fc5
https://www.globenewswire.com/NewsRoom/AttachmentNg/a9922da1-db45-48dd-a56d-b80d42b8628a
VR Resources (TSXV:VRR)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
VR Resources (TSXV:VRR)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025