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VR Resources Completes Phase 1 Drilling at Empire Project in Ontario

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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) ha completato il primo intervento di perforazione presso il target Westwood del progetto Empire nel Nord-Ovest dell'Ontario. Il programma ha previsto cinque fori per un totale di 1.188 metri, mirando a un'anomalia magnetica di 1 x 2 km. La perforazione ha confermato la presenza di un complesso intrusivo polifasico con rocce mafiche-ultramafiche a struttura cumulare contenenti solfuri.

I risultati chiave includono l'intersezione di rocce mafiche a struttura cumulare con solfuri in fori di perforazione distanti 800 m l'uno dall'altro, e la conferma che l'anomalia magnetica di Westwood è composta da più fasi: leucogabbro nelle zone esterne, zone di mescolamento di magma mafico scuro e un nucleo di unità mafiche-ultramafiche inclinate ripidamente verso sud-est. Il foro 5 (WW24-005) è stato perforato per mirare al centro di un'anomalia di carica di 18 mV/V.

VR Resources (VRRCF) ha completado la perforación de la Fase 1 en el objetivo Westwood de su proyecto Empire en el noroeste de Ontario. El programa consistió en cinco agujeros con un total de 1,188 metros, que apuntaron a una anomalía magnética de 1 x 2 km. La perforación confirmó la presencia de un complejo intrusivo polifásico con roca máfica-ultramáfica de textura acumulativa que contiene sulfuros.

Los Hallazgos clave incluyen la intersección de roca máfica de textura acumulativa con sulfuros en agujeros de perforación separados por 800 m, y la confirmación de que la anomalía magnética de Westwood consiste en múltiples fases: leuco gabro en zonas exteriores, zonas de mezcla de magma máfico oscuro y un núcleo de unidades máficas-ultramáficas inclinadas bruscamente hacia el sureste. El agujero 5 (WW24-005) se perforó para apuntar al centro de una anomalía de carga de 18 mV/V.

VR 리소스(VRRCF)는 온타리오주 북서부 에 있는 엠파이어 프로젝트의 웨스트우드 목표지에서 1단계 시추를 완료했습니다. 이 프로그램은 총 1,188미터에 다섯 개의 구멍으로 구성되어 있으며, 1 x 2 km의 자기 anomaly를 목표로 하였습니다. 시추는 황화물을 포함한 함량 조직이 있는 마산-초마산 암석을 가진 다상 침입 복합체의 존재를 확인했습니다.

주요 발견 사항으로는 800m 떨어진 시추 구멍에서 황화물이 있는 누적 질감을 지닌 마산 암석의 교차점이 발견되었으며, 웨스트우드 자기 anomaly가 여러 단계로 구성되어 있다는 확인이 있었습니다: 외부 지역의 유리조립암, 어두운 마산 마그마 혼합 지역, 남동쪽으로 급경사진 마산-초마산 단위의 코어. 구멍 5 (WW24-005)는 18 mV/V 저항 anomaly의 중심을 목표로 하여 시추되었습니다.

VR Resources (VRRCF) a terminé le forage de la phase 1 sur la cible Westwood de son projet Empire dans le nord-ouest de l'Ontario. Le programme se composait de cinq trous totalisant 1 188 mètres, visant une anomalie magnétique de 1 x 2 km. Le forage a confirmé la présence d'un complexe intrusif polyphasique avec des roches méfiques-ultraméfiques à texture cumulaire contenant des sulfures.

Les résultats clés incluent l'intersection de roches méfiques à texture cumulée avec des sulfures dans des trous de forage espacés de 800 m, et la confirmation que l'anomalie magnétique de Westwood est composée de plusieurs phases : leucogabbro dans les zones extérieures, zones de mélange de magma mafic sombre et un noyau d'unités mafique-ultramafique inclinées abruptement vers le sud-est. Le trou 5 (WW24-005) a été foré pour cibler le centre d'une anomalie de charge de 18 mV/V.

VR Resources (VRRCF) hat die Phase 1 der Bohrungen am Westwood-Ziel seines Empire-Projekts im Nordwesten von Ontario abgeschlossen. Das Programm umfasste fünf Löcher mit einer Gesamtlänge von 1.188 Metern, die auf eine magnetische Anomalie von 1 x 2 km abzielten. Die Bohrungen bestätigten das Vorhandensein eines polyphasischen intrusiven Komplexes mit kumulierten mafig-ultramafigen Gesteinen, die Sulfide enthalten.

Wichtige Ergebnisse umfassen die Verschnittstelle von Cumulate-Textur-mafigem Gestein mit Sulfiden in Bohrlöchern, die 800 Meter voneinander entfernt sind, und die Bestätigung, dass die Westwood-magnetische Anomalie aus mehreren Phasen besteht: Leuco-Gabbro in äußeren Zonen, dunkle mafige Magmamischungszonen und einen Kern aus steil nach Südosten geneigten mafig-ultramafigen Einheiten. Bohrloch 5 (WW24-005) wurde gebohrt, um das Zentrum einer 18 mV/V Ladeanomalie anzustreben.

Positive
  • Successful completion of Phase 1 drilling program
  • Confirmation of target geology with sulfide mineralization
  • Discovery of extensive polyphase intrusive complex spanning 2.5 km
  • Consistent geological features across all 5 drill holes
Negative
  • Assay results still pending
  • Economic viability of mineralization not yet determined

VANCOUVER, British Columbia, Dec. 17, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to announce it has completed the Phase 1, reconnaissance drill program on the 1 x 2 km magnetic anomaly at Westwood, part of the Empire District Project in Northwestern Ontario.

Five holes were completed for a total of 1,188 meters. Drilling targeted the center of the copper-gold-PGE mineral system exposed on surface at the showing on the Trans Canada Highway, at the southwestern margin of the magnetic high anomaly.

Hole 5, WW24-005, was completed to 201m. It was drilled as a follow up to the shallowly inclined Hole 4 that collared into the target rock unit: a coarse-grained, cumulate-textured mafic-ultramafic intrusive. Hole 5 was drilled at the same azimuth as 004 but inclined more steeply to intersect more of the cumulate-textured mafic rock dipping steeply to the southeast, and to target the center of the 18 mV/V chargeability anomaly, as shown in Figure 1. Example of the cumulate texture mafic-ultramafic rock with variable interstitial sulfide in both Holes 4 and 5 is shown below in Photo 1.

Initial Summary. Drill holes some 800m apart, on both sides of the Westwood magnetic anomaly have intersected our target: cumulate-texture mafic rock with sulfide. Second. The drilling confirms that the Westwood magnetic anomaly is a polyphase intrusive complex. It includes: a light-coloured leucogabbro, that dominates the outer zones and spans more than 2.5 km of exposure along the highway transect; zones of dark mafic magma mixing increase steadily towards the magnetic anomaly, and; a core of steeply southeast-dipping mafic-ultramafic units.

Picture1

Photo 1. Target lithology within the Westwood anomaly of coarse cumulate texture melanocratic gabbro in sawn NQ drill core at 98m depth in Hole 5, with dark green euhedral amphibole crystals in groundmass of pale white to pink interstitial quartz-feldspar and sulfide. NQ core diameter is 47.6mm across.

From VR's CEO Justin Daley: “With drilling complete on the Phase 1 reconnaissance program on our Westwood target at Empire, we are pleased that a consistent story has emerged as we methodically tested each of the chargeability targets from the recent IP survey and their relationship with different geophysical features from the magnetic and DIGEM surveys. The geology across the large intrusive complex is also proving to be consistent, showing the same zonations, timing relationships and intrusive contacts across the 5 holes drilled so far. The polyphase nature of Westwood is an important development if one appreciates the complexities of the Cu-Au-PGE mineralization at the Lac des Iles complex to the east.  

We look forward to providing updates as we receive assay results and update our 3D model with geochemistry, lithologic observations, and structural measurements.”

Figure1-01

Figure 1. Drill hole 4 and 5 locations shown on a total magnetic intensity map for the Westwood target at the Empire Project, with highway exposure sample location, overlain 900Hz airborne DIGEM anomalies, and completed IP section lines. The lower panels highlight the direct correlation of chargeability and near surface conductivity with the magnetic response over the inferred mafic-ultramafic intrusion.

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 2% net smelter royalty on the claims. There are no annual payments, but the Ministry requires certain annual exploration expenditures and reporting (ie. mineral assessment reports) in order to maintain a mineral claim in good standing. The project falls within the Lac de Mille Lacs First Nation traditional territories.

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. The content of this news release has been reviewed on behalf of the Company by Justin Daley, MSc, PGeo, President & CEO at VR, and a non-independent Qualified Person, oversees and/or participates in all aspects of the Company’s mineral exploration projects.

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 expectations that it will receive assay results and the timing thereof, and its expectation that it will update its 3D model with geochemistry, lithologic observations and structural measurements, 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Photos accompanying this announcement are available at: 
https://www.globenewswire.com/NewsRoom/AttachmentNg/bed71418-10dc-4edb-99e8-ca211c72b844

https://www.globenewswire.com/NewsRoom/AttachmentNg/1afdbfa4-7bab-48b6-87b4-5f39a64cd0c9


FAQ

What were the key findings from VRRCF's Phase 1 drilling at Empire Project?

The drilling confirmed a polyphase intrusive complex with cumulate-textured mafic-ultramafic rock containing sulfide, spanning 2.5 km with different zones including leucogabbro, dark mafic magma mixing, and mafic-ultramafic units.

How many drill holes did VRRCF complete at the Westwood target?

VR Resources completed 5 drill holes totaling 1,188 meters during Phase 1 drilling at the Westwood target.

What is the size of the magnetic anomaly being explored at VRRCF's Westwood target?

The magnetic anomaly at the Westwood target measures 1 x 2 kilometers in size.

What was the depth and purpose of drill hole WW24-005 at VRRCF's Empire Project?

Drill hole WW24-005 was completed to 201m and was designed to intersect cumulate-textured mafic rock and target the center of an 18 mV/V chargeability anomaly.

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