Drilling is Underway at VR Resources Empire Copper – Gold Project in Ontario, Targeting New IP Chargeability Anomalies
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 ha avviato le perforazioni presso il suo Empire Copper-Gold Project nel nord dell'Ontario, mirando ad anomalie di carica IP identificate in recenti sondaggi DCIP. Il primo foro, WW24-001, ha l'obiettivo di esplorare i depositi di solfuri magmatici contenenti rame, oro e elementi del gruppo del platino all'interno di una grande intrusione mafica. I sondaggi geofisici hanno rivelato forti correlazioni tra le caratteristiche magnetiche e le anomalie di conducibilità, con una carica che raggiunge fino a 18 mV/V. L'area obiettivo include un complesso magnetico in direzione nordest che si estende per oltre 2 km, con conduttori DIGEM co-spaziali con nuove zone di carica verificate fino a una profondità di 150 m.
VR Resources ha iniciado la perforación en su Empire Copper-Gold Project en el norte de Ontario, apuntando a anomalías de carga IP identificadas en recientes encuestas DCIP. El primer agujero, WW24-001, tiene como objetivo explorar depósitos de sulfuros mágmaticos que contienen cobre, oro y elementos del grupo del platino dentro de una gran intrusión máfica. Las encuestas geofísicas revelaron fuertes correlaciones entre características magnéticas y anomalías de conductividad, con una carga que alcanza hasta 18 mV/V. El área objetivo incluye un complejo magnético orientado al noreste que se extiende por más de 2 km, con conductores DIGEM que coinciden espacialmente con nuevas zonas de carga verificadas hasta una profundidad de 150 m.
VR 리소스는 최근 DCIP 조사에서 확인된 IP 전하 이상을 목표로 온타리오 북부에 있는 엠파이어 구리-금 프로젝트에서 시추를 시작했습니다. 첫 번째 경우, WW24-001은 대규모 마파이드 침입 내에서 구리, 금, 플래티넘 그룹 원소를 포함하는 마그마 황화물 광상 탐사를 목표로 하고 있습니다. 지구물리학적 조사 결과, 자기 특성과 전도성 이상 간의 강한 상관관계가 나타났으며, 전하량은 최대 18 mV/V에 달합니다. 목표 지역은 2km 이상에 걸쳐 북동향 자기 복합체를 포함하고 있으며, DIGEM 전도체는 150m 깊이까지 확인된 새로운 전하 영역과 공동 분포하고 있습니다.
VR Resources a lancé des forages sur son Empire Copper-Gold Project dans le nord de l'Ontario, visant des anomalies de charge IP identifiées lors de récentes enquêtes DCIP. Le premier trou, WW24-001, vise à explorer des dépôts de sulfures magmatiques contenant du cuivre, de l'or et des éléments de groupe platine au sein d'une grande intrusion mafiques. Les enquêtes géophysiques ont révélé de fortes corrélations entre les caractéristiques magnétiques et les anomalies de conductivité, avec une charge atteignant jusqu'à 18 mV/V. La zone cible comprend un complexe magnétique orienté au nord-est s'étendant sur plus de 2 km, avec des conducteurs DIGEM co-localisés avec de nouvelles zones de charge vérifiées jusqu'à une profondeur de 150 m.
VR Resources hat mit den Bohrungen an ihrem Empire Copper-Gold Project im Norden Ontarios begonnen, wobei auf in jüngsten DCIP-Untersuchungen identifizierte IP-Ladungsanomalien gezielt wird. Das erste Bohrloch, WW24-001, zielt darauf ab, magmatische Sulfidvorkommen zu erkunden, die Kupfer, Gold und Platinmetalle in einer großen mafischen Intrusion enthalten. Die geophysikalischen Untersuchungen zeigten starke Korrelationen zwischen magnetischen Merkmalen und Leitfähigkeitsanomalien, wobei die Ladung bis zu 18 mV/V erreicht. Das Zielgebiet umfasst einen nordostgerichteten magnetischen Komplex, der sich über mehr als 2 km erstreckt, mit DIGEM-Leitern, die räumlich mit neuen Ladungszonen bis in eine Tiefe von 150 m übereinstimmen.
- Strong IP chargeability results up to 18 mV/V identified in surveys
- Multiple correlated geophysical anomalies suggesting mineralization potential
- Large target area with 2+ km magnetic complex
- None.
VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to announce drilling is now underway on Hole 1, WW24-001, at it’s Empire Project in Northern Ontario, targeting the strongest IP chargeability results from the recently completed DCIP survey (NR-24-28) for magmatic sulfide containing copper, gold and platinum group elements within a large mafic intrusion in (Photo 1).
Geophysical Targeting
Preliminary geophysical inversion results for the Empire DCIP survey are now in hand for the 3 lines across the Westwood target, showing a strong correlation of new data with magnetic features and the conductivity anomalies from the airborne EM survey flown one year ago. Phase 1 drilling will target different combinations of integrated features from the three independent surveys over the target shown in Figure 1.
- Strong resistivity and high chargeability, up to 18 mV/V, coincides at depth with the core of the northeast trending magnetic complex that is more than 2 km in length;
- Airborne DIGEM conductors co-spatial with the new chargeability zones, and verified on the resistivity profile to a depth of 150m. They are inferred as deeply weathered or serpentinized mafic rocks, reinforced by a coincident lake from glacial scouring, similar to the rock in Photo 2;
- A 200m across magnetic high south of the highway correlates to a pipe-like conductivity feature on Line 3.
From VR's CEO Justin Daley: “We are thrilled to announce the start of drilling at our Empire Copper-Gold Project in Northern Ontario, targeting the strongest IP chargeability results identified in our recent surveys. The cutting-edge technology of the DCIP survey have revealed significant correlations between magnetic features, DIGEM conductivity anomalies, and high chargeability, highlighting the potential for copper, gold and PGE mineralized sulfides like those seen at the shoulder of Highway 17 where a small chargeability anomaly also occurs. We look forward to providing further updates as our targeting and drilling progresses.”
Photo 1. Trans Canada highway exposure sample from the southwestern end of the 2km long magnetic anomaly shown in Figure 1. The coarse grained mafic rock texture contains disseminated or interstitial pyrrhotite and chalcopyrite, which responds well to IP surveys.
Figure 1. Total magnetic intensity map for the Westwood target at the Empire Project with Photo 1 sample location, overlain 900Hz DIGEM anomalies, and completed IP section lines; the surface showing near the highway of copper-gold mineralization is on the western periphery of a large, magnetic ultramafic body exceeding 1.5 km in length. The lower panels highlight the direct correlation of chargeability and resistivity in the new DCIP survey; drill hole WW24-001 now underway targets the strongest chargeability anomaly.
About the Empire Project
The Empire project consists of 313 mineral claims in 1 contiguous block covering 10,254 hectares. The project is located on Federal crown land, with mineral rights administered by the Ontario Ministry of Mines. There is a
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. Justin Daley, P.Geo., President & CEO at VR and a non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration projects, and the content of this news release has been reviewed on behalf of the Company by the Executive Chairman, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person.
Stock Option Allocation
The Company has approved an aggregate allocation of 1,700,000 incentive stock options at a price of
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.Geo
President & CEO
For general information please use the following:
Website: www.vrr.ca
Email: info@vrr.ca
Phone: 778-731-9292
Forward Looking Statements
This 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 plans for near-term drilling on the properties this fall, and all other statements that are not statements of historical fact.
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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.
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Photo 2. Newly discovered rock during the recent DCIP survey on the Westwood grid, Empire project of fine-grained mafic rock with fine interstitial disseminated sulfides currently being rushed for assay in Thunder Bay, Ontario. The DCIP survey is designed to delineate the center of this copper-nickel hydrothermal-magmatic mineral system within the large magnetic body evident in Figure 1.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d8704bdb-c0e2-4518-b7ca-9590b3738c8e
https://www.globenewswire.com/NewsRoom/AttachmentNg/586a23f0-c9ba-4737-b1e6-f6226da4ae7c
https://www.globenewswire.com/NewsRoom/AttachmentNg/e7213ece-d48b-4638-abfb-9c2b91a5417b
FAQ
What is the first drill hole number at VR Resources' Empire Project (VRRCF)?
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How long is the magnetic complex at VR Resources' (VRRCF) Empire Project?
