VR Resources Provides Exploration Update on Silverback and Empire Projects, Ontario
VR Resources (VRRCF) has provided an update on its exploration activities at the Silverback and Empire projects in northwestern Ontario. Two holes totaling 478 meters have been completed at Silverback, with a third underway, covering 700 metres of strike along the CZ target.
Key findings from the drill core include: presence of molybdenite with disseminated pyrite and hydrothermal silicification in feldspar porphyry, extensive quartz-carbonate veining, and widespread shearing and foliation. The geological observations align with the company's exploration model using 3D DCIP data to identify sulfide anchored to a major structure.
The company is awaiting final geochemical data from the Westwood drill program, which was delayed due to laboratory staffing challenges. The lab is now operating at full capacity with a projected 3-week turnaround for current Silverback drill core samples.
VR Resources (VRRCF) ha fornito un aggiornamento sulle sue attività di esplorazione presso i progetti Silverback ed Empire nel nord-ovest dell'Ontario. Sono stati completati due fori per un totale di 478 metri a Silverback, con un terzo in corso, coprendo 700 metri di strike lungo l'obiettivo CZ.
Le principali scoperte dal caroto di perforazione includono: presenza di molibdenite con pirite disseminata e silicificazione idrotermale nel porfido di feldspato, ampia venatura di quarzo-carbonato e fratturazione e foliatura diffuse. Le osservazioni geologiche sono in linea con il modello di esplorazione dell'azienda che utilizza dati 3D DCIP per identificare i solfuri ancorati a una struttura principale.
L'azienda sta aspettando i dati geochimici finali dal programma di perforazione Westwood, che sono stati ritardati a causa di sfide nel personale di laboratorio. Il laboratorio ora opera a piena capacità con un tempo di risposta previsto di 3 settimane per i campioni attuali del caroto di perforazione di Silverback.
VR Resources (VRRCF) ha proporcionado una actualización sobre sus actividades de exploración en los proyectos Silverback y Empire en el noroeste de Ontario. Se han completado dos pozos que suman 478 metros en Silverback, con un tercero en progreso, cubriendo 700 metros de strike a lo largo del objetivo CZ.
Los hallazgos clave del núcleo de perforación incluyen: presencia de molibdenita con pirita diseminada y silicificación hidrotermal en porfirita de feldespato, venas extensas de cuarzo-carbonato y cizallamiento y foliación generalizada. Las observaciones geológicas se alinean con el modelo de exploración de la empresa que utiliza datos 3D DCIP para identificar sulfuros anclados a una estructura principal.
La empresa está esperando los datos geocientíficos finales del programa de perforación Westwood, que se retrasó debido a desafíos en la dotación de personal del laboratorio. El laboratorio ahora está funcionando a plena capacidad con un tiempo de respuesta proyectado de 3 semanas para las muestras actuales del núcleo de perforación de Silverback.
VR Resources (VRRCF)는 온타리오 북서부의 실버백 및 엠파이어 프로젝트에서 탐사 활동에 대한 업데이트를 제공했습니다. 실버백에서 총 478미터를 두 개의 구멍으로 완료하였고, 현재 세 번째 구멍이 진행 중이며 CZ 타겟을 따라 700미터를 커버하고 있습니다.
드릴 코어에서 주요 발견사항은: 몰리브데나이트가 분산된 황철석 및 장석 포르피리에서의 수열 화산화와 함께 존재하며, 광물-탄산염 광맥이 넓게 퍼져 있고, 폭넓은 전단 및 분화가 있다. 지질학적 관측 결과는 주요 구조에 고정된 황화물을 식별하기 위해 3D DCIP 데이터를 사용하는 회사의 탐사 모델과 일치합니다.
회사는 실험실 직원 문제로 인해 지연된 Westwood 드릴 프로그램의 최종 지화학 데이터를 기다리고 있습니다. 현재 실험실은 최대 용량으로 운영되고 있으며, 현재 실버백 드릴 코어 샘플에 대한 예상 처리 시간이 3주입니다.
VR Resources (VRRCF) a fourni une mise à jour de ses activités d'exploration concernant les projets Silverback et Empire dans le nord-ouest de l'Ontario. Deux trous totalisant 478 mètres ont été réalisés à Silverback, un troisième étant en cours, couvrant 700 mètres de frappe le long de l'objectif CZ.
Les principales découvertes du carottage comprennent : la présence de molybdénite avec de la pyrite disséminée et de la silicification hydrothermale dans un porphyre de feldspath, un réseau extensif de quartz-carbonate, ainsi qu'un cisaillement et une foliation généralisés. Les observations géologiques correspondent au modèle d'exploration de l'entreprise utilisant des données 3D DCIP pour identifier les sulfures ancrés à une structure majeure.
L'entreprise attend les données géochimiques finales du programme de forage Westwood, qui ont été retardées en raison de problèmes de personnel dans le laboratoire. Le laboratoire fonctionne désormais à pleine capacité avec un temps de réponse projeté de 3 semaines pour les échantillons actuels de carottage de Silverback.
VR Resources (VRRCF) hat ein Update zu seinen Explorationsaktivitäten in den Silverback- und Empire-Projekten im nordwestlichen Ontario bereitgestellt. Zwei Löcher mit insgesamt 478 Metern wurden bei Silverback abgeschlossen, ein drittes ist in Arbeit und umfasst 700 Meter Strich entlang des CZ-Ziels.
Wichtige Erkenntnisse aus den Bohrkernen umfassen: das Vorhandensein von Molybdänit mit disseminierter Pyrit und hydrothermaler Silicifikation im Feldspatporphyr, umfassende Quarz-Karbonat-Gänge sowie weit verbreitete Scherung und Foliation. Die geologischen Beobachtungen stimmen mit dem Explorationsmodell des Unternehmens überein, das 3D-DCIP-Daten verwendet, um Sulfide zu identifizieren, die an eine wichtige Struktur gebunden sind.
Das Unternehmen wartet auf die endgültigen geochemischen Daten aus dem Westwood-Bohrprogramm, das aufgrund von Herausforderungen bei der Laborbesetzung verzögert wurde. Das Labor arbeitet jetzt mit voller Kapazität, und es wird mit einer Bearbeitungszeit von 3 Wochen für die aktuellen Silverback-Bohrkernproben gerechnet.
- First two drill holes successfully intersected target zones at Silverback
- Discovery of molybdenite with disseminated pyrite indicates potential for intrusion-related gold systems
- Geological observations align with exploration model, validating the company's approach
- Laboratory delays affecting receipt of geochemical data from Westwood drill program
VANCOUVER, British Columbia, Feb. 06, 2025 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", or "VR", is pleased to provide an update on its ongoing exploration activities at the Silverback and Empire projects in northwestern Ontario.
- Two holes are complete and third underway at Silverback, covering 700 metres of strike along the CZ target;
- Data from the down-hole EM survey at the Westwood target at the Empire Project has arrived, and we expect all remaining geochemical data from the December drill program next week.
Justin Daley, CEO of VR Resources, stated, "The crew and rig at Silverback are fully in gear now, and we are genuinely excited about what the first two holes are showing us.
As described in the bullets below, the geological observations so far at Silverback are consistent with our exploration model, using state-of-the-art 3D DCIP data to identify sulfide anchored to a major structure that is evident in our magnetic data. The structure is crossing a large mafic-ultramafic body with nickel mineralization, and is invaded by a strongly altered feldspar porphyry. The presence of trace molybdenite in drill core, along with disseminated pyrite in silicified porphyry with stockwork veining is particularly exciting as it reminds us of known intrusion-related gold systems in the Archean Superior craton elsewhere in Ontario.
We look forward to providing further updates as our exploration advances at Silverback, and all geochemistry results are finally received for the Westwood project."
Silverback Drilling Progress
The first two holes at Silverback, totalling 478 meters, are now complete. The two holes are 700 m apart along the north-south strike of the CZ IP anomaly (Figure 1). Both holes have intersected our target. Key observations from drill core include:
- Molybdenite is observed locally with disseminated pyrite and hydrothermal silicification in feldspar porphyry. This supports occurrences of molybdenite observed on fractures in outcrops nearby (Figure 1).
- Disseminated and vein-hosted pyrite occurs in alteration zones in both drill holes, and within and around quartz-carbonate veining, aligning well with modeled IP chargeability anomalies.
- Quartz-Carbonate veining is extensive in both holes, especially in zones of increased shearing and hydrothermal alteration characterized by silicification.
- Shearing and foliation are widespread in both holes, and present in all lithologic units, reinforcing the strong structural control on hydrothermal alteration and mineralization in the CZ anomaly.
- Silicification in multi-meter zones of intense hydrothermal alteration are observed in the feldspar porphyry in both holes, alongside clay-sericite alteration similar in form to the altered porphyry with elevated gold reported for Hole SB24-002 in News Release NR-24-23 on October 24, 2024.
Assay Update
Receipt of final geochemical data from Westwood’s drill program has been delayed due to staffing challenges at the laboratories in both Thunder Bay and Calgary through the holiday season and into January. The lab is now operating at full capacity and projects a 3-week turn around for drill core samples from the current program at Silverback. As with the Westwood drill program, we have submitted sections of core in from the first two holes at Silverback for assay in order to receive some early geochemical data to help us calibrate our logging and better understand mineralization during the program, and to facilitate better decision making during the drill program.
As with Westwood, our intent for Silverback is to release all data together when they are available after drilling is completed, and after we have had the time to complete the requisite work to review QAQC standards and blanks, calculate relevant metal ratios and determine any relevant trace element indicator signatures for the copper-nickel-PGM targets in the case of Westwood, and with a particular focus on the potential for epizonal Au-Ag-As-Sb-Te-Mo signatures at Silverback based on our current observations in the first two holes.
Figure 1. Plan map (upper) and north-south section (lower) of the recent 3D array DCIP survey at Silverback, with locations for drill holes completed in the spring of 2024, and for those planned and now underway in 2025. The plan map shows IP isoshells at 12.5 mV/V (orange) and 15 mV/V (red) on a basemap with inferred shear-zones and outline of the mafic dykes and intrusions with copper-nickel sulfides which span the entire property. The central and largest IP anomaly, CZ, correlates with the strongest shear-fabrics observed in outcrop, and magnetic destruction evident in the gap in magnetic contours on the plan map and are potentially the result of hydrothermal alteration.
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 who oversees and/or participates in all aspects of the Company’s mineral exploration projects.
About the Empire District Project
The Empire project consists of 413 mineral claims in 2 contiguous blocks covering 12,334 hectares. The project is located on Federal Crown Land, with mineral rights administered by the Ontario Ministry of Mines. There is a
About the Silverback Project
The project consists of 71 mineral claims in one contiguous block covering 4,442 hectares. The project is located on Federal Crown Land, with mineral rights administered by the Ontario Ministry of Mines. There is a
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 complete a drill program at Silverback or report on geochemistry from Westwood, 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; 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63542db0-f9a1-4451-8261-1a44d4744eec
FAQ
What are the key findings from VR Resources' (VRRCF) recent drilling at Silverback?
How many meters have been drilled at VRRCF's Silverback project in 2025?
What caused the delay in VRRCF's Westwood project geochemical data?
What is the expected turnaround time for VRRCF's Silverback drill core samples?
