VR Resources Expands Empire Property and Reports Copper – Gold – PGE Mineralization
VR Resources (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF) has expanded its Empire property in northern Ontario and reported copper-gold-PGE mineralization. The property consists of five previously unexplored, kilometer-scale magnetic targets. Work on the Westwood target revealed:
1. An average of 0.14 g/t gold, 0.54 g/t PGEs, and 0.17% Cu from three grab samples near the Trans Canada Highway.
2. Up to 5 ppb Pd and 108 ppm Cu in lake sediment samples above magnetic and conductor anomalies.
3. A detailed magnetic survey showing strong layering in reversals.
4. A large DIGEM conductor coincident with magmatic layering trends.
The company plans to initiate a 3D DCIP survey on the Wildwood target. CEO Justin Daley emphasized the excitement of finding new mineralization near the Trans Canada Highway and the similarity of these targets to the Lac des Ille PGE mine nearby.
VR Resources (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF) ha ampliato la sua proprietà Empire nel nord dell'Ontario e ha riportato mineralizzazioni di rame-oro-PGE. La proprietà consiste in cinque obiettivi magnetici di grandezza chilometrica precedentemente inesplorati. I lavori sul target Westwood hanno rivelato:
1. Una media di 0,14 g/t di oro, 0,54 g/t di PGE e 0,17% di Cu da tre campioni prelevati vicino alla Trans Canada Highway.
2. Fino a 5 ppb di Pd e 108 ppm di Cu in campioni di sedimento lacustre sopra anomalie magnetiche e conduttori.
3. Un'indagine magnetica dettagliata che mostra forti stratificazioni nelle inversioni.
4. Un grande conduttore DIGEM coincidente con le tendenze di stratificazione magmatica.
La società prevede di avviare un'indagine 3D DCIP sul target Wildwood. Il CEO Justin Daley ha sottolineato l'entusiasmo per la scoperta di nuove mineralizzazioni vicino alla Trans Canada Highway e la somiglianza di questi target con la miniera PGE di Lac des Ille nelle vicinanze.
VR Resources (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF) ha ampliado su propiedad Empire en el norte de Ontario y reportó mineralización de cobre-oro-PGE. La propiedad consiste en cinco objetivos magnéticos de escala kilométrica previamente inexplorados. El trabajo en el objetivo Westwood reveló:
1. Un promedio de 0.14 g/t de oro, 0.54 g/t de PGE, y 0.17% de Cu de tres muestras tomadas cerca de la Trans Canada Highway.
2. Hasta 5 ppb de Pd y 108 ppm de Cu en muestras de sedimento lacustre sobre anomalías magnéticas y de conductores.
3. Un detallado estudio magnético que muestra una fuerte estratificación en las inversiones.
4. Un gran conductor DIGEM coincidente con las tendencias de estratificación magmática.
La empresa planea iniciar un estudio 3D DCIP en el objetivo Wildwood. El CEO Justin Daley enfatizó la emoción de encontrar nueva mineralización cerca de la Trans Canada Highway y la similitud de estos objetivos con la mina PGE de Lac des Ille cercana.
VR 리소스 (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF)는 온타리오 북부의 엠파이어 자산을 확장하고 구리-금-PGE 광물화를 보고했습니다. 이 자산은 이전에 탐사되지 않은 5개의 킬로미터 규모의 자기 목표로 구성됩니다. 웨스트우드 목표에 대한 작업 결과는 다음과 같습니다:
1. 트랜스 캐나다 하이웨이 근처의 3개의 샘플에서 평균 0.14 g/t의 금, 0.54 g/t의 PGE 및 0.17%의 구리를 발견했습니다.
2. 자기 및 전도체 이상 위의 호수 퇴적물 샘플에서 최대 5 ppb의 Pd와 108 ppm의 Cu를 발견했습니다.
3. 역전에서 강력한 층화를 나타내는 상세한 자기 조사.
4. 마그마 층화 경향과 일치하는 큰 DIGEM 전도체.
회사는 Wildwood 목표에 대한 3D DCIP 조사를 시작할 계획입니다. CEO 저스틴 데일리는 트랜스 캐나다 하이웨이 인근에서 새로운 광물화를 발견함에 따른 흥분과 이러한 목표가 인근 Lac des Ille PGE 광산과 유사하다는 점을 강조했습니다.
VR Resources (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF) a élargi sa propriété Empire dans le nord de l'Ontario et a signalé une minéralisation cuivre-or-PGE. La propriété se compose de cinq cibles magnétiques de grande taille, inexplorées auparavant. Les travaux sur la cible de Westwood ont révélé :
1. Une moyenne de 0,14 g/t d'or, 0,54 g/t de PGE et 0,17% de Cu à partir de trois échantillons prélevés près de la Trans Canada Highway.
2. Jusqu'à 5 ppb de Pd et 108 ppm de Cu dans des échantillons de sédiments lacustres au-dessus des anomalies magnétiques et des conducteurs.
3. Une enquête magnétique détaillée montrant un fort stratification dans les inversions.
4. Un grand conducteur DIGEM coïncidant avec les tendances de stratification magmatique.
L'entreprise prévoit d'initier une enquête 3D DCIP sur la cible de Wildwood. Le PDG Justin Daley a souligné l'excitation de découvrir de nouvelles minéralisations près de la Trans Canada Highway et la similitude de ces cibles avec la mine PGE de Lac des Ille à proximité.
VR Resources (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF) hat seine Empire-Liegenschaft im nördlichen Ontario erweitert und Kupfer-Gold-PGE-Mineralisierung gemeldet. Die Liegenschaft besteht aus fünf zuvor unerforschten, kilometergroßen magnetischen Zielen. Die Arbeiten am Westwood-Ziel ergaben:
1. Im Durchschnitt 0,14 g/t Gold, 0,54 g/t PGEs und 0,17% Cu aus drei Grabproben in der Nähe der Trans-Canada-Highway.
2. Bis zu 5 ppb Pd und 108 ppm Cu in Seen sediments über magnetischen und Leiteranomalien.
3. Eine detaillierte magnetische Untersuchung, die starke Schichtungen in Umkehrungen zeigt.
4. Ein großer DIGEM-Leiter, der mit magmatischen Schichtungsrichtungen übereinstimmt.
Das Unternehmen plant, eine 3D-DCIP-Untersuchung am Wildwood-Ziel zu initiieren. CEO Justin Daley betonte die Aufregung über die Entdeckung neuer Mineralisierungen in der Nähe des Trans-Canada-Highway und die Ähnlichkeit dieser Ziele mit der nahegelegenen Lac des Ille-PGE-Mine.
- Discovery of copper-gold-PGE mineralization in grab samples near Trans Canada Highway
- Identification of five previously unexplored, kilometer-scale magnetic targets
- Planned 3D DCIP survey on the Wildwood target to advance exploration
- data from only three grab samples
- Early-stage exploration with no defined resource estimates
VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the “Company”, or “VR”, is pleased to report results of work done to date on the expanded Empire property in northern Ontario and lays out plans for 3D DCIP survey on the Wildwood target.
The Empire property consists of five previously unexplored, kilometer-scale magnetic targets including Rye, Rush, Westwood, Trewartha and Macron, with the recent focus on Westwood (Figure 1). The initial discovery of mineralization at Empire was in follow up to 95th percentile palladium in lake sediment anomalies from Ontario Geological Survey (the “OGS”) regional sampling, proximal to magnetic anomalies and a boulder train of mafic rocks.
Work to date on the Westwood target is shown in Figure 2 and includes:
- An average from three grab samples with chalcopyrite-pyrrhotite mineralization exposed near the Trans Canada gives 0.14 g/t gold, 0.54 g/t PGEs, and
0.17% Cu; sulfide textures are shown in Photo 1. - Up to 5 ppb Pd and 108 ppm Cu in lake sediment samples directly above magnetic and conductor anomalies.
- Detailed magnetic survey showing strong layering in reversals in the first vertical derivative,
- A large DIGEM conductor coincident with trend of magmatic layering seen in outcrop and magnetics;
the reported grab sample assays are from the very southern margin of the conductor.
Figure 1. Empire property map on a regional GSC magnetic basemap, flown at 805m line spacing in the 1960s. Also shown are OGS lake sediment sample locations with elevated palladium. Overlain, is a detailed TMI magnetic survey completed over Westwood in the winter of 2023. The yellow star is the location of the samples near HWY 17 with copper-gold-PGE mineralization.
From VR’s CEO Justin Daley: “Finding new mineralization near the Trans Canada Highway is always exciting. I’ll be on a plane tonight to visit Empire, and look forward to getting on the ground to advance the story.
While investigating gold and Pd anomalies from OGS lake sediments, Holbik Exploration confirmed a sanukitoid intrusion with magmatic sulfide segregations containing copper, gold, and PGE on the highway. These targets are inferred as Archean intrusions similar in age and composition to the Lac des Ille PGE mine nearby, but with remobilized gold on a SW-trending structure intersecting Agnico Eagle’s Hammond Reef gold deposit. All magnetic targets on the Empire property are covered by 5-10m of glacial till, requiring modern geophysical and geochemical methods to fully explore, which we aim to initiate soon.”
Figure 2. Westwood is the first of 5 targets to be tested within the Empire project (see Figure 1). It has strong gold-copper-PGE mineralization in a layered mafic intrusion that is evident on this recent, 1VD magnetic basemap. An outline of DIGEM conductors identified in 2023 is coincident with strong magnetic trends, with the only known exposure of the intrusion at its southwestern margin that is exposed along the highway. Planned 3D array IP receiver lines are also shown covering the entire target area.
Technical Information
Surface grab samples and lake sediment samples were submitted for geochemical analysis to the AGAT laboratory in Thunder Bay, Ontario. Sample preparation is completed in Thunder Bay alongside gold and PGE determination by atomic absorption assay. ICP-MS analyses for base metals 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.
Photo 1. Sample from the southern margin of the 2km long conductor shown in Figure 2. The pegmatoidal rock texture contains disseminated pyrrhotite and chalcopyrite. The high magnesium content of these rocks is characteristic of ‘sanukitoid’, which is an important class of intrusive rock for mineral deposits in the Archean.
About the Empire Property
The Properties now consists of 313 mineral claims in 1 contiguous blocks covering 10,254 hectares. The Properties are located on Federal crown land, with mineral rights administered by the provincial Ontario Ministry of Mines. There is a
About VR Resources
VR is an established junior exploration company based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR evaluates, explores and advances large-scale, blue-sky opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada, and more recently, Canada’s newest discovery of a diamond-bearing kimberlite pipe at its Northway project. VR applies modern exploration technologies and leverages in-house experience and expertise in greenfields exploration to large-footprint mineral 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 properties 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 exploration on the newly acquired 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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FAQ
What mineralization did VR Resources (VRRCF) find at the Empire property?
How many magnetic targets were identified at VR Resources' (VRRCF) Empire property?
What are VR Resources' (VRRCF) plans for the Wildwood target at Empire?
What geological similarities does VR Resources (VRRCF) suggest for the Empire property?
