VR Resources Stock Price, News & Analysis

VR Resources has completed the first two holes of its maiden drill program at the Empire Project in Northwestern Ontario. The drilling confirms that the Westwood magnetic target is a large mafic-ultramafic complex with magmatic sulfide segregations. The drilling focused on testing integrated features from three independent surveys, including strong IP chargeability correlating with a 2km long magnetic anomaly and DIGEM conductivity.

The first hole (WW24-001) intersected 240m of leucocratic gabbro with 1-2% pyrite-pyrrhotite, while the second hole (WW24-002) encountered a gradually coarsening mafic-ultramafic intrusive with magmatic sulfide. Four rush samples of the strongest sulfide are currently being analyzed for gold, copper, PGE and trace elements at a Thunder Bay lab. At least one more drill hole is planned approximately 700m north of the first two holes.

VR Resources has signed a Memorandum of Understanding (MOU) with Lac des Mille Lacs First Nation (LDMLFN) regarding their recently acquired Empire, Silverback and Rambler projects near Upsala, Northern Ontario. The agreement establishes a framework for collaborative work and mutual benefits, focusing on social, ecological, cultural, and economic well-being. The MOU includes provisions for benefit sharing, with commitments to create local business opportunities, employment, and training programs for LDMLFN community members during VR's exploration activities.

VR Resources has initiated drilling at its Empire Copper-Gold Project in Northern Ontario, targeting IP chargeability anomalies identified in recent DCIP surveys. The first hole, WW24-001, aims to explore magmatic sulfide deposits containing copper, gold, and platinum group elements within a large mafic intrusion. The geophysical surveys revealed strong correlations between magnetic features and conductivity anomalies, with chargeability reaching up to 18 mV/V. The target area includes a northeast-trending magnetic complex extending over 2 km, with DIGEM conductors co-spatial with new chargeability zones verified to a depth of 150m.

VR Resources has completed two DCIP geophysical surveys at its Empire and Silverback projects in northwestern Ontario. The surveys were executed on time and on budget, showing good data quality with minimal EM coupling and strong correlation to existing airborne EM data.

At the Empire Project, approximately 7km of 2D DCIP readings were completed across the Westwood target, featuring a 3km long magnetic anomaly. The Silverback Project saw completion of a 4 x 4 km 3D-array DCIP grid, generating 90,000 unique dipoles. Surface mineralization at Westwood shows averages of 0.2% Cu, 0.54 g/t Pt+Pd, and 0.14 g/t Au in disseminated sulfide. A new outcrop with iron-stained ultra-mafic rock was discovered during the survey.

VR Resources has initiated DCIP geophysical surveys at both the Empire and Silverback projects in northwestern Ontario. The surveys utilize Dias Geophysics' advanced DCIP system to target copper-gold-(nickel) mineralization. At Empire, surface samples from the western periphery showed grades of 0.14 g/t gold, 0.54 g/t PGEs, and 0.2% Cu. The Silverback project features a gold-enriched porphyry intrusion with a high-grade shear zone yielding 9.5g/t gold, 5.6% copper, and 52 g/t silver.

The surveys will image shallow DIGEM conductors to approximately 500m depth, with new chargeability data expected to highlight disseminated mineralization observed at the surface. The presence of mineralization is linked to DIGEM conductors associated with magnetic features tied to large intrusive systems at both projects.

VR Resources (TSX.V: VRR, OTCBB: VRRCF) reports new base metal results from a recent drill program at its Silverback Ni-Cr-Co-Cu and Au-Cu-Mo project near Thunder Bay, Ontario. The two-hole, 314m maiden drill program tested near-surface conductors, revealing:

1. Over 100m of sericite-altered porphyry with disseminated pyrite in Hole 2.
2. A 50m base metal interval in Hole 2 starting at 160m depth, showing:
- 0.10% Ni, 0.15% Cr, 171 ppm Cu, and 86 ppm Co
- Increasing Ni-Cr-Co grades towards a mafic dyke's western margin
- Millerite (NiS) observed in the mafic feeder dyke

The Silverback Project covers two mineral systems: a large Archean mafic-ultramafic intrusive complex and an overlapping intrusion-related gold-copper system. Gold assays are pending for the altered porphyry intrusion in Hole 2.

VR Resources (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF) has announced the acquisition of the Rambler Gold Project in Ontario, located 6km north of their Empire Project. The company has submitted a permit application for drilling and trenching. Rambler was staked due to the discovery of surface sulfides reported in historic drill logs.

In 1968, Inco drilled 5 holes at Rambler, intersecting massive sulfide in each hole, with up to 6m of 85% pyrrhotite-pyrite around a magnetic high. Recent sampling by VR shows anomalous gold in every rock unit at Rambler, with up to 149 ppb in disseminated pyrrhotite from mafic volcanic outcrops.

VR has recognized east-west shearing and boudinage on the south limb of a northeast-striking fold hinge at Rambler, adjacent to the Marmion fault. The company expects to receive the exploration permit within 30 to 60 days, allowing them to twin the 1968 Inco holes to document the gold and polymetallic grade potential of the massive sulfide mineral system.

VR Resources (VRRCF) has announced new assay results from its Golden Bear Project in northwestern Ontario. The company reported an average grade of 2.16% copper and 15.6 g/t silver from three samples of hydrothermal breccia. The mineralization occurs along a north-northwest trending structure within a large granodiorite intrusion.

The company has applied for an exploration permit to conduct trenching and washing of outcrops in preparation for first-pass drilling. The copper-silver mineralization is associated with aplite and granitic dykes intruding into metavolcanics with stockwork quartz veins. VR Resources plans to strip the area to expose the extent of mineralization along strike, where mineralized structures are believed to converge under cover to the southeast.

CEO Justin Daley expressed encouragement about the widespread aplite dykes, intrusive breccias, and quartz veining across several kilometers of strike. The company has filed an exploration plan with the Ontario Ministry of Mines and local First Nations to further expose the mineralized trend and intrusive complex.

VR Resources (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF) has expanded its Empire property in northern Ontario and reported copper-gold-PGE mineralization. The property consists of five previously unexplored, kilometer-scale magnetic targets. Work on the Westwood target revealed:

1. An average of 0.14 g/t gold, 0.54 g/t PGEs, and 0.17% Cu from three grab samples near the Trans Canada Highway.
2. Up to 5 ppb Pd and 108 ppm Cu in lake sediment samples above magnetic and conductor anomalies.
3. A detailed magnetic survey showing strong layering in reversals.
4. A large DIGEM conductor coincident with magmatic layering trends.

The company plans to initiate a 3D DCIP survey on the Wildwood target. CEO Justin Daley emphasized the excitement of finding new mineralization near the Trans Canada Highway and the similarity of these targets to the Lac des Ille PGE mine nearby.