VR Resources Samples 2.16% Copper and 15.6 g/t Silver at Golden Bear and Applies for Exploration Permit
VR Resources (VRRCF) has announced new assay results from its Golden Bear Project in northwestern Ontario. The company reported an average grade of 2.16% copper and 15.6 g/t silver from three samples of hydrothermal breccia. The mineralization occurs along a north-northwest trending structure within a large granodiorite intrusion.
The company has applied for an exploration permit to conduct trenching and washing of outcrops in preparation for first-pass drilling. The copper-silver mineralization is associated with aplite and granitic dykes intruding into metavolcanics with stockwork quartz veins. VR Resources plans to strip the area to expose the extent of mineralization along strike, where mineralized structures are believed to converge under cover to the southeast.
CEO Justin Daley expressed encouragement about the widespread aplite dykes, intrusive breccias, and quartz veining across several kilometers of strike. The company has filed an exploration plan with the Ontario Ministry of Mines and local First Nations to further expose the mineralized trend and intrusive complex.
VR Resources (VRRCF) ha annunciato nuovi risultati di analisi del suo Golden Bear Project nel nord-ovest dell'Ontario. L'azienda ha riportato un grado medio di 2,16% di rame e 15,6 g/t di argento da tre campioni di breccia idrotermale. La mineralizzazione si verifica lungo una struttura in direzione nord-nord-ovest all'interno di una grande intrusione di granodiorite.
L'azienda ha richiesto un permesso di esplorazione per eseguire scavi e lavaggi di affioramenti in preparazione per il primo ciclo di perforazione. La mineralizzazione di rame-argento è associata a dykes di aplite e granitici che si intrudono nelle metavolcaniche, con vene di quarzo a stockwork. VR Resources prevede di rimuovere la vegetazione nell'area per esporre l'estensione della mineralizzazione lungo il filone, dove si ritiene che le strutture mineralizzate convergano sotto copertura a sud-est.
Il CEO Justin Daley ha espresso ottimismo riguardo ai dykes di aplite diffusi, alle brecce intrusive e alle vene di quarzo distribuite su diversi chilometri di estensione. L'azienda ha presentato un piano di esplorazione al Ministero delle Miniere dell'Ontario e alle prime nazioni locali per ulteriormente esporre la tendenza mineralizzata e il complesso intrusivo.
VR Resources (VRRCF) ha anunciado nuevos resultados de ensayos de su Proyecto Golden Bear en el noroeste de Ontario. La compañía reportó un grado promedio de 2.16% de cobre y 15.6 g/t de plata de tres muestras de brecha hidrotérmica. La mineralización ocurre a lo largo de una estructura en dirección norte-noroeste dentro de una gran intrusión de granodiorita.
La compañía ha solicitado un permiso de exploración para realizar zanjas y lavar afloramientos en preparación para la primera perforación. La mineralización de cobre-plata está asociada con diques de aplita y graníticos que intruyen en metavolcánicos con venas de cuarzo en stockwork. VR Resources planea despojar el área para exponer la extensión de la mineralización a lo largo de la línea, donde se cree que las estructuras mineralizadas convergen bajo la cobertura hacia el sureste.
El CEO Justin Daley expresó ánimos acerca de los diques de aplita extendidos, las brechas intrusivas y las venas de cuarzo a lo largo de varios kilómetros de extensión. La compañía ha presentado un plan de exploración al Ministerio de Minas de Ontario y a las Primeras Naciones locales para exponer aún más la tendencia mineralizada y el complejo intrusivo.
VR 리소스(VRRCF)는 북서 온타리오에 위치한 골든 베어 프로젝트의 새로운 시료 분석 결과를 발표했습니다. 회사는 구리 2.16% 및 은 15.6 g/t의 평균 등급을 수치로 제시했습니다. 광물화는 대규모의 화강질 암석 내부의 북서쪽으로 뻗어 있는 구조를 따라 발생합니다.
회사는 첫 번째 드릴링을 위한 준비로 절개 및 암석 세척을 수행할 탐사 허가를 신청했습니다. 구리-은 광물화는 메타 화산암에 침입하는 아플라이트와 화강암 다이브와 관련이 있으며, 스톡워크 석영 정맥이 존재합니다. VR 리소스는 광물화가 이어지는 지역의 식생을 제거할 계획이며, 그렇게 하면 남동쪽으로 덮인 지역 아래에서 광물화 구조가 수렴하는 것으로 여겨집니다.
CEO 저스틴 데일리는 여러 킬로미터에 걸쳐 광범위하게 분포된 아플라이트 다이크, 침입성 브레치아 및 석영 정맥에 대해 긍정적인 시각을 나타냈습니다. 회사는 온타리오 광업부 및 지역 원주율과의 탐사 계획서를 제출하여 광물화되는 추세와 침입 복합체를 더 노출시키려 하고 있습니다.
VR Resources (VRRCF) a annoncé de nouveaux résultats d'analyses provenant de son projet Golden Bear dans le nord-ouest de l'Ontario. La société a rapporté une teneur moyenne de 2,16% de cuivre et 15,6 g/t d'argent à partir de trois échantillons de brèche hydrothermale. La minéralisation se produit le long d'une structure orientée nord-nord-ouest au sein d'une vaste intrusion de granodiorite.
La société a demandé un permis d'exploration pour effectuer des fouilles et le lavage des affleurements en préparation pour le premier forage. La minéralisation cuprifère et argentifère est associée à des dykes d'aplite et de granite qui s'intrusent dans des métavolcaniques avec des veines de quartz en stockwork. VR Resources prévoit de défricher la zone pour exposer l'étendue de la minéralisation le long de la direction, où l'on pense que les structures mineralisées convergent sous couverture vers le sud-est.
Le PDG Justin Daley a exprimé son encouragement concernant les dykes d'aplite répandus, les brèches intrusives et le filon de quartz qui s'étendent sur plusieurs kilomètres. La société a déposé un plan d'exploration auprès du ministère des Mines de l'Ontario et des Premières Nations locales pour exposer davantage la tendance mineralisée et le complexe intrusif.
VR Resources (VRRCF) hat neue Bohrergebnisse seines Golden Bear Projekts im Nordwesten von Ontario angekündigt. Das Unternehmen meldete einen Durchschnittsgehalt von 2,16% Kupfer und 15,6 g/t Silber aus drei Proben hydrothermaler Brekzien. Die Mineralisierung tritt entlang einer nord-nordwestlich verlaufenden Struktur innerhalb einer großen Granodiorit-Intrusion auf.
Das Unternehmen hat einen Explorationsantrag gestellt, um Ausgrabungen und das Waschen von Aufschlüssen zur Vorbereitung der ersten Bohrungen durchzuführen. Die Kupfer-Silber-Mineralisierung ist mit Aplit und granitischen Gängen verbunden, die in Metavulkanite eindringen und mit Quarzadern im Stockwerk verbunden sind. VR Resources plant, das Gebiet abzutragen, um das Ausmaß der Mineralisierung entlang des Streiks freizulegen, wo man annimmt, dass mineralisierte Strukturen unter einer Abdeckung nach Südosten hin konvergieren.
CEO Justin Daley äußerte Ermutigung über die weit verbreiteten Aplit-Gänge, intrusiven Brekzien und die Quarzadern, die sich über mehrere Kilometer erstrecken. Das Unternehmen hat einen Explorationsplan beim Ministerium für Bergbau von Ontario und bei den örtlichen First Nations eingereicht, um den mineralisierten Trend und das intrusive Komplex weiter freizulegen.
- High-grade copper and silver samples: 2.16% Cu and 15.6 g/t Ag average from 3 samples
- Exploration permit application submitted for trenching and washing of outcrops
- Widespread mineralization indicators across several kilometers of strike
- Early-stage project with data
- Exploration results pending further work and drilling
VANCOUVER, British Columbia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to announce new assay results from its Golden Bear Project in northwestern Ontario, and the application for an exploration plan for trenching and washing of outcrops ahead of anticipated first-pass drilling.
VR has new assay data from samples of hydrothermal breccia exposed by logging in 2021 at its recently acquired Golden Bear Project. The average grade in 3 samples is
Photo 1 shows the strong sericite and carbonate altered pale green metavolcanic fragments and quartz vein breccia with large clots of chalcopyrite throughout the zone. Planned stripping will expose the extent of mineralization along strike where mineralized structures are inferred to coalesce under cover to the southeast.
Photo 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eee839e4-bccc-49b7-9eec-dd133ddf5461
From VR’s CEO Justin Daley: “In follow up to recent logging activity, Holbik Exploration, the vendor of the property, was able to discover new copper-silver mineralization associated with strong hydrothermal breccia related to a late Archean intrusion. While still an early-stage project, I’m encouraged by the widespread aplite dykes, intrusive breccias, and quartz veining across several kilometers of strike.
We have now filed an exploration plan with the Ontario Ministry of Mines and the Eagle Lake and Wabigoon Lake First Nations, allowing us to expose more of this mineralized trend and intrusive complex. We look forward to providing updates as we get more work at Golden Bear under our belt.”
Photo 2. Magmatic shingle breccias adjacent to the copper-silver occurrence at Golden Bear property. The complex intrusive relationships and breccia textures indicate a dynamic and powerful intrusive system with evidence of differentiation from a quartz gabbro to granodiorite through to felsic aplite dyke swarms associated with quartz veining.
Photo 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c09144cc-0340-42ee-aac2-b37f46369562
About the Golden Bear Property
The Golden Bear Project consists of 10 mineral claims in a 4 x 4km contiguous blocks covering 1,276 hectares. The property is located on Federal crown land, with mineral rights administered by the provincial Ontario Ministry of Mines. There are no annual payments associated with the property, but the Province of Ontario requires certain annual exploration expenditures and reporting (i.e. mineral assessment reports) in order to maintain the mineral claims in good standing. The property fall within the Eagle Lake and Wabigoon Lake First Nations traditional territories.
Technical Information
Surface grab 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 and 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
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, PGeo
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 new geophysical surveys 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.
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
Figure 1. Golden Bear property with detailed OGS magnetic basemap showing a multi-km scale structurally controlled Archean intrusion on the margin of the Wabigoon greenstone belt to the north. Mapped as granodiorite by the OGS, this batholith displays many distinct phases in the field, with the late aplite dykes related to mineralized breccia and quartz veining. The trend of the inferred mineralized breccia is shown in red.
Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f0401fba-4554-43d0-9f1e-4f4343c17897
FAQ
What are the recent assay results from VR Resources' Golden Bear Project?
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