VR Resources Completes DCIP surveys at Empire and Silverback Copper – Gold Projects in Ontario
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 ha completato due sondaggi geofisici DCIP nei suoi progetti Empire e Silverback nel nord-ovest dell'Ontario. I sondaggi sono stati eseguiti nei tempi e nel budget previsti, mostrando una buona qualità dei dati con un minimo accoppiamento EM e una forte correlazione con i dati EM aerei esistenti.
Nel Progetto Empire, sono stati completati circa 7 km di letture 2D DCIP sul target Westwood, caratterizzato da un'anomalia magnetica lunga 3 km. Nel Progetto Silverback è stata completata una griglia DCIP 3D di 4 x 4 km, generando 90.000 dipoli unici. La mineralizzazione superficiale a Westwood mostra una media di 0,2% di Cu, 0,54 g/t di Pt+Pd e 0,14 g/t di Au in solfuri disseminati. Durante il sondaggio è stata scoperta una nuova affioramento con rocce ultramafiche macchiate di ferro.
VR Resources ha completado dos sondeos geofísicos DCIP en sus proyectos Empire y Silverback en el noroeste de Ontario. Los sondeos se realizaron a tiempo y dentro del presupuesto, mostrando una buena calidad de datos con un mínimo acoplamiento EM y una fuerte correlación con los datos EM aéreos existentes.
En el Proyecto Empire, se completaron aproximadamente 7 km de lecturas 2D DCIP en el objetivo Westwood, que presenta una anomalía magnética de 3 km de largo. El Proyecto Silverback vio la finalización de una cuadrícula DCIP 3D de 4 x 4 km, generando 90,000 dipolos únicos. La mineralización superficial en Westwood muestra promedios de 0.2% de Cu, 0.54 g/t de Pt+Pd y 0.14 g/t de Au en sulfuros diseminados. Durante el sondeo se descubrió un nuevo afloramiento con roca ultramáfica manchada de hierro.
VR 리소스는 북서부 온타리오의 엠파이어 및 실버백 프로젝트에서 두 개의 DCIP 지구물리 조사를 완료했습니다. 조사는 정해진 시간 내에 예산에 맞추어 수행되어 데이터 품질이 우수하고EM 결합이 최소화되었으며 기존 항공 EM 데이터와의 강한 상관관계를 보였습니다.
엠파이어 프로젝트에서는 웨스트우드 목표지점에서 약 7km의 2D DCIP 측정이 완료되었으며, 이는 3km 길이의 자기 이상을 특징으로 합니다. 실버백 프로젝트는 4 x 4 km의 3D 배열 DCIP 그리드가 완성되어 90,000개의 고유한 쌍극자를 생성했습니다. 웨스트우드의 표면 광물화는 분산 황화물에서 각각 0.2% Cu, 0.54 g/t Pt+Pd 및 0.14 g/t Au의 평균을 나타냅니다. 조사 중에 철로 얼룩진 초마피크 암석의 새로운 노두가 발견되었습니다.
VR Resources a terminé deux études géophysiques DCIP sur ses projets Empire et Silverback dans le nord-ouest de l'Ontario. Les études ont été exécutées dans les délais et le budget impartis, montrant une bonne qualité des données avec un couplage EM minimal et une forte corrélation avec les données EM aériennes existantes.
Dans le Projet Empire, environ 7 km de lectures 2D DCIP ont été réalisés sur la cible Westwood, présentant une anomalie magnétique de 3 km de long. Le Projet Silverback a vu la réalisation d'une grille DCIP 3D de 4 x 4 km, générant 90 000 dipôles uniques. La minéralisation en surface à Westwood montre des moyennes de 0,2 % Cu, 0,54 g/t Pt+Pd et 0,14 g/t Au dans des sulfures disséminés. Une nouvelle affleurement de roche ultramafique teintée de fer a été découvert lors de l'enquête.
VR Resources hat zwei DCIP-geophysikalische Untersuchungen in seinen Projekten Empire und Silverback im Nordwesten Ontarios abgeschlossen. Die Untersuchungen wurden pünktlich und im Budgetrahmen durchgeführt, zeigten eine gute Datenqualität mit minimaler EM-Kopplung und einer starken Korrelation zu bestehenden Luft-EM-Daten.
Im Empire-Projekt wurden etwa 7 km 2D-DCIP-Messungen über dem Westwood-Ziel durchgeführt, das eine 3 km lange magnetische Anomalie aufweist. Das Silverback-Projekt sah den Abschluss eines 4 x 4 km großen 3D-DIP-Gitters vor, das 90.000 einzigartige Dipole erzeugte. Die oberflächennahe Mineralisierung in Westwood zeigt Durchschnittswerte von 0,2 % Cu, 0,54 g/t Pt+Pd und 0,14 g/t Au in disseminierten Sulfiden. Während der Untersuchung wurde ein neuer Aufschluss mit eisenhaltigem ultramafischem Gestein entdeckt.
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VANCOUVER, British Columbia, Nov. 28, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to announce the completion of two, state-of-the-art DCIP geophysical surveys at its Empire and Silverback projects in northwestern Ontario, with inversions underway, preliminary results under review, and drill planning underway.
A field photo highlighting road-accessible logistics is shown below in Photo 1A. The surveys were completed as planned; on time and on budget, as described in NR-24-26 from November 12th. Data quality for both surveys is good, with minimal EM coupling at surface, low noise, and strong correlation to conductivity in previously collected airborne EM data. Details include:
- Empire Project: roughly 7km of 2D DCIP readings were completed along 3 lines across the Westwood target, a 3km long magnetic anomaly, with a survey depth penetration of 500m.
- Silverback Project: A 4 x 4 km 3D-array DCIP grid was completed, generating 90,000 unique dipoles, with 500 m depth penetration. As shown in Figure 1, the grid is centred on a shear zone with 9.5g/t gold,
5.6% copper, and 52 g/t silver, and it covers the recently announced gold-enriched porphyry intrusion, and as shown in Photo 2, quartz vein stockworks discovered in outcrop during the survey, near a 6-channel EM anomaly from an OGS survey in 1980.
Surface mineralization near the Trans Canada highway at the Westwood target averages
From VR's CEO Justin Daley: "The results of both DCIP surveys have already exceeded expectations, giving us robust and integrated exploration targets across the various geophysical data sets acquired to date. We look forward to providing further details as we work with DIAS to complete survey inversions, and work internally to refine drill targets. I would like to thank the DIAS field crew for their hard work completing these surveys as winter arrived quickly in Upsala this past week.”
Photo 1. (A) DIAS crew member spooling reference wire across the main access road at Silverback over the main gold showing at the centre of the 4 by 4 km 3D-array DCIP survey block. (B) Newly discovered outcrop during the DCIP survey on the Westwood grid, Empire Project. Pervasively altered mafic/ultramafic rock with quartz-carbonate veining, disseminated and vein-related copper sulfide. The DCIP survey is designed to delineate the center of this copper-nickel hydrothermal-magmatic mineral system.
About the Empire and Silverback Projects
The Silverback project consists of 71 mineral claims in 1 contiguous block covering 4,442 hectares and Empire consists of 313 mineral claims in 1 contiguous blocks covering 10,254 hectares. The projects are 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.
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.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; and other assumptions, risks and uncertainties.
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.
Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review them.
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Figure 1. Simplified geophysical targeting map with DCIP grid design for the Silverback project. Spring 2023 drilling tested two smaller conductors from the DIGEM survey, shown in purple (deeper) and red (shallower). An untested 6-channel EM anomaly from 1980 OGS survey Map 80534 coincides with a 2-line DIGEM conductor, adjacent to the mafic intrusion, and near a 99th percentile gold in lake sediment anomaly. The new DCIP data is expected to refine all of the conductors along the 2 km trend of known mineralization.
Photo 2. Newly discovered outcrop of quartz vein stockworks with sulfide in gabbro at Silverback, with location shown in Figure 1 above, in the northeast corner of the DCIP grid. This is very similar to the style of gold mineralization seen 3km to the southwest in drill Hole 2. The outcrop was discovered by the DIAS crew during the DCIP survey, and nearby the 1980 6-channel EM anomaly from OGS Map 80534.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/4e9c61f8-9ee7-4e80-86b1-befe5bfd6480
https://www.globenewswire.com/NewsRoom/AttachmentNg/b53efb07-2091-4ff5-8a59-ac04bc5b96d7
https://www.globenewswire.com/NewsRoom/AttachmentNg/478ce1be-4e62-467b-b775-da44813b8866
FAQ
What are the key findings from VR Resources' (VRRCF) DCIP surveys at Empire and Silverback projects?
What mineralization values were found at VR Resources' (VRRCF) Westwood target?
What was discovered during VR Resources' (VRRCF) DCIP survey at Empire Project?
What is the depth penetration of VR Resources' (VRRCF) DCIP surveys?
