VR Resources - VRRCF STOCK NEWS

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.

VR Resources (VRRCF) has initiated its fourth hole in the Phase 1 reconnaissance drill program at the Westwood magnetic anomaly, part of the Empire District Project in Northwestern Ontario. The latest drilling, Hole 004, represents an 800m step-out from Hole 002 and has confirmed the presence of target mafic-ultramafic rock with magmatic sulfide on the opposing side of the complex.

Hole 003, completed to 141m, intersected leucogabbro and sulfide-bearing mafic magma mixing zones. The drilling program utilizes shallowly inclined holes to target magnetic gradients around the large magnetic anomaly, in conjunction with EM conductivity and IP chargeability anomalies. The company reports that despite challenging winter weather conditions, the program remains on track for completion within time and budget constraints.

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.