VR Resources Stock Price, News & Analysis

VR Resources Ltd. (OTCQB: VRRCF) has commenced its drilling program at the Hecla-Kilmer property in Ontario, targeting large copper-gold breccia formations. The program plans to execute four to six drill holes based on new magnetic anomalies identified from a drone survey. This follows previous discoveries of critical metals and rare earth elements in earlier drilling phases. The program aims to assess higher concentrations of copper, gold, and critical metals, while providing insights into the geological controls of mineralization. Results are expected by June or July.

VR Resources Ltd. has completed the first phase of drilling at its Amsel gold-silver project in Nevada, successfully drilling three reverse circulation holes to depths of 774-823 feet. Each hole intersected significant silica-sulphide alteration. A total of 534 samples were collected and sent for analysis, with results expected in May. The company plans to resume drilling in early summer to explore the southern IP anomaly. CEO Dr. Michael Gunning expressed confidence in the results and the potential of the project.

VR Resources Ltd. (OTCQB: VRRCF) has announced the commencement of drilling preparations at its Amsel gold-silver project in Nevada. The fieldwork, which included clearing access roads and establishing drill sites in late January, is set to begin this month. CEO Dr. Michael Gunning highlighted the significance of Amsel, stating it offers a compelling target for a large-scale gold-silver system, correlating with the successful Round Mountain deposit. The drilling will occur in two phases, focusing first on the northern anomaly, followed by the southern region in summer.

VR Resources has received a positive decision from the US Forest Service for its drill permit at the Amsel gold-silver project in Nevada. Following the approval, the company plans to post an environmental bond and commence a first-pass drill program. Recent age dating confirms Amsel's geological age parallels that of the nearby Round Mountain deposit, which holds over 20 million ounces of gold production. This correlation heightens the project's potential as an epithermal gold-silver system, with initial drilling to validate the newly identified geophysical anomaly.

VR Resources Ltd. has completed its fall 2021 drill program at the Hecla-Kilmer (H-K) project, with 5 holes drilled totaling 2,604 m. The drilling targeted a significant gravity anomaly associated with rare earth elements (REE) and critical metals like lithium and niobium. Recent geochemical data from drill hole HK20-004 confirmed REE concentrations exceeding global cut-off grades, with results indicating up to 1.44% TREO over 3.21 m. The potential for copper and gold mineralization is highlighted, along with a focus on integrating the ongoing geochemical data analysis.

VR Resources Ltd. (OTCQB: VRRCF) announced new findings from its summer drilling at the Reveille silver-copper project in Nevada. Key highlights include silver content up to 97.9 g/t in the G1 breccia pipe and gold over a 40m interval at Kawich. The company has expanded the property to cover potential targets and is integrating extensive geochemical data for further exploration. CEO Dr. Michael Gunning expressed optimism about discovering a significant porphyry center, indicating ongoing plans for the upcoming year.

VR Resources Ltd. has commenced drilling at its Hecla-Kilmer property in northwestern Ontario, targeting a hydrothermal breccia. The current program involves 3,000 meters of drilling across four to six holes, expected to last 4 to 6 weeks. Historical drilling has indicated mineralization, including copper, gold, and REE, across 600 vertical meters. Geochemical data will be available by year-end. The property spans 4,617 hectares and is entirely owned by VR, with no ongoing lease payments. The project aims to intersect a new IOCG deposit, leveraging modern exploration technology.

VR Resources Ltd. has confirmed significant rare earth element (REE) concentrations exceeding 0.5% TREO in its Hecla-Kilmer property based on re-assay data from drill hole HK20-002. The company plans follow-up drilling in late August, targeting a large gravity anomaly to evaluate the potential for copper and gold. The upcoming program is set to include up to six drill holes totaling 3,000 meters. This exploration is crucial for assessing the scale of REE mineralization and its correlation with high-density profiles in previous drill data.