VR Resources Stock Price, News & Analysis

VR Resources (VRRCF) has completed its first winter drill program at the Silverback copper-gold project in Northwestern Ontario, with six holes totaling 1,342 meters. The drilling program revealed shear-zone hosted quartz veins containing pyrite, chalcopyrite, and anomalous gold in four of six holes.

Key findings include anomalous gold up to 160 ppb in all zones of intense shearing, with mineralization discovered in Holes 5-6 (aligned with high-grade surface showing in central CZ zone) and Holes 7-8 (near a 1980's OGS 6-channel EM anomaly). The results indicate an epizonal, intrusion-associated orogenic mineral system with gold correlating with elevated copper and silver geochemistry.

The drilling has expanded the mapped extent of the prospective greenstone belt by 2km north and identified new structural splays from the Quetico Fault System. The company plans to conduct detailed structural analysis and geochemical surveys to identify high-grade zones and define detailed targets.

VR Resources (VRRCF) has announced results from its maiden reconnaissance drill program at the Westwood Target within the Empire Project in Northwestern Ontario. The drilling confirmed a fertile, multiphase mafic-ultramafic intrusion spanning over 900m with magmatic cumulate textures and sulfide segregation.

Key findings include:

• PGE mineralization with 1m intervals showing 262, 138, and 118 ppb Pd+Pt on the basal contact in Holes 4 and 5
• Copper-nickel mineralization reaching 0.09% Cu and 0.11% Ni with anomalous PGE at 320m depth in Hole 2
• Evidence of sulfide saturation and Ni-Cu-PGE depletion, movement, and enrichment within cumulate textured mafic rocks

The company's exploration technologies have proven effective, with DIGHEM-magnetic surveys and IP chargeability successfully identifying mineralization targets. The data confirms the Cu-Ni-PGE mineral deposit model for Westwood, and these exploration methods will be applied to other Empire project targets, including Trewartha and Mack.

VR Resources (VRRCF) has completed its first winter drill program at the Silverback copper-gold project in Northwestern Ontario. The program included six holes totaling 1,342 meters, targeting the Central Zone and North Arm areas. Key findings include:

- Consistent mafic-ultramafic host rocks and porphyry intrusive phases across 3km strike
- Widespread shearing, alteration, and veining in all drill holes
- Correlation between structures in geophysical data and core samples
- Discovery of northeasterly shear zones with north-northeasterly splays
- Evidence of at least two deformational events

Drill core samples have been sent to AGAT laboratory in Thunder Bay for analysis. The company plans to continue developing and testing targets related to DIGHEM conductors and high-amplitude chargeability anomalies on key structural trends for potential copper-gold mineralization.

VR Resources (VRRCF) has provided an update on its exploration activities at the Silverback and Empire projects in northwestern Ontario. Two holes totaling 478 meters have been completed at Silverback, with a third underway, covering 700 metres of strike along the CZ target.

Key findings from the drill core include: presence of molybdenite with disseminated pyrite and hydrothermal silicification in feldspar porphyry, extensive quartz-carbonate veining, and widespread shearing and foliation. The geological observations align with the company's exploration model using 3D DCIP data to identify sulfide anchored to a major structure.

The company is awaiting final geochemical data from the Westwood drill program, which was delayed due to laboratory staffing challenges. The lab is now operating at full capacity with a projected 3-week turnaround for current Silverback drill core samples.

VR Resources (VRRCF) has commenced drilling at its Silverback copper-gold project in northwestern Ontario. The first hole, SB25-003, targets the southern end of the Central Zone (CZ) IP chargeability anomaly. Recent pad building activities have revealed evidence of shearing, hydrothermal alteration, and sulfides in previously unexplored areas under glacial cover.

The drilling campaign focuses on two target types: shear zone hosted copper-gold-silver mineralization along north-northeast trending structures, and intrusion-related mineralization. The Central Zone target represents the largest anomaly in the DCIP survey, measuring approximately 1,200m long by 300m wide. The anomaly follows a NNE trending structural break and is associated with outcrops of sheared gabbro containing high-grade copper-gold mineralization.

VR Resources (VRRCF) has expanded its Empire project in northwestern Ontario to district-scale following the discovery of a PGE-fertile mafic-ultramafic intrusion at the Westwood property. The company has staked the new Mack property, covering a large magnetic high associated with anomalous palladium and copper in lake sediment samples.

At Westwood, a borehole EM survey is underway on Hole 2, targeting both strong conductors (magmatic sulfides) and weak conductors (chlorite schist). The company has submitted an amendment for ice drilling permits, expected by mid-February, and is conducting ice-thickening for logistics support.

The Mack target comprises 100 cells (2,080 hectares) and shows some of the highest palladium and copper values in lake sediment in the area (64 ppm Cu and 16 ppm Pd). Assay results for the first three holes at Westwood are expected in late January, with follow-up drilling planned for February.

VR Resources (VRRCF) has announced details for its upcoming drilling program at the Silverback copper-gold project in Northwestern Ontario, planned for January 2025. The program targets three high-priority areas identified through a recently completed 3D array DCIP chargeability survey from November 2024.

The survey revealed three near-surface IP anomalies correlating with conductivity zones, focused on north-south trending shear zones intersecting nickel-chrome bearing mafic-ultramafic bodies. The main targets include: the Central Zone with a 1.2 km long high-amplitude IP anomaly; the North Arm featuring a 400 by 800-meter low-amplitude chargeability anomaly; and the West Dyke target centered on shear structure intersections.

The company is currently clearing access roads and preparing drill sites. The exploration strategy integrates modern 3D DCIP technology with airborne EM and magnetic data, targeting areas where mineralization is concentrated across a 2.5km mineral system.

VR Resources (VRRCF) has received final data from a 3D DCIP survey at its Silverback copper-gold project in Northwestern Ontario. The survey revealed a significant high-amplitude chargeability anomaly in the project's center, spanning 1,200m in length. This anomaly correlates with copper-gold mineralization discovered in January 2023 and is associated with molybdenum-bearing fractures in gabbro.

The survey covered a 3,500 by 2,750 meters area with a 150m equant station grid array. The chargeability anomalies align with mafic-ultramafic body edges and show structural control, particularly along north-south shear zones. The presence of molybdenum, a important pathfinder metal for gold mineralization, suggests potential for a large, polymetallic copper-gold system. The company plans to conduct drilling operations in 2025.

VR Resources (VRRCF) has completed Phase 1 drilling at its Empire Project's Westwood target in Northwestern Ontario. The program consisted of five holes totaling 1,188 meters, targeting a 1 x 2 km magnetic anomaly. The drilling confirmed the presence of a polyphase intrusive complex with cumulate-textured mafic-ultramafic rock containing sulfide.

Key findings include the intersection of cumulate-texture mafic rock with sulfide in drill holes 800m apart, and the confirmation that the Westwood magnetic anomaly consists of multiple phases: leucogabbro in outer zones, dark mafic magma mixing zones, and a core of steeply southeast-dipping mafic-ultramafic units. Hole 5 (WW24-005) was drilled to target the center of an 18 mV/V chargeability anomaly.