VR Resources - VRRCF STOCK NEWS

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.

VR Resources Ltd. has completed Phase II of its drilling program at the Reveille silver-copper and gold property in Nevada, comprising four holes over 1,552 metres. The program focused on testing the Kawich anomaly based on prior geochemical and geophysical data. Strong drilling results revealed intersections of sulfide hosted in altered limestone, with significant intervals observed. While geochemical data will be available by the end of summer, the company plans additional hyperspectral scans of drill chips. CEO Michael Gunning noted the efficiency of the drilling program despite initial delays.

VR Resources Ltd. provides an update on its Reveille silver-copper and gold property in Nevada. Phase II drilling is underway, with plans for four drill holes between 1,000-1,500 feet deep to explore significant anomalies. The Kawich IP anomaly, confirmed through a completed 3D array DCIP survey, presents a specific target for sulfide concentration, potentially linked to mineralization at Reveille. Geochemical results from Phase I indicate trace elements that point toward the Kawich anomaly. The company anticipates further updates as drilling progresses.

VR Resources Ltd. (VRRCF) provided an exploration update for its Reveille property in Nevada. The recently completed drill hole RVD21-001 confirmed a breccia pipe at G1, and the drill program is set to expand with three additional RC drill holes targeting the pipe's base. A new 3D-array DCIP geophysical survey revealed a significant IP anomaly, extending both the survey grid and the property westward. The anomaly features a size of 450 x 600 m and high amplitude readings. The company is planning for Phase II drilling this summer based on further data analysis.