Drilling is underway at VR’s Reveille silver-copper property in Nevada

VANCOUVER, British Columbia, March 02, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company,” or “VR,” is pleased to announce that drilling is underway at its Reveille silver-copper property in Nevada.

Photo 1 is a field photograph from the weekend, Sunday, February 28^th, showing the RC drill rig on the permitted drill site at the T1 conductor shown in Figure 1. The RC drilling now under way is Phase 1 of a planned two-stage program, with the current objective of completing upwards of 1,500 metres in 5 to 6 holes during the next 2 weeks.

Figure 1 is a map showing the locations of all of the permitted drill holes at Reveille. The specific drill hole locations for the current program are based on anomalies derived from inversion models of magnetic, EM and gravity geophysical data collected by VR in 2020.

Geochemical data from this drilling are expected in April. VR will also obtain high resolution hyperspectral data of rock chips spanning the entirety of each drill hole in order to quantify alteration mineral assemblages.

IP Survey completed. The Company is also pleased to announce that the 3D array DCIP geophysical survey shown on Figure 1 was completed last week, prior to drilling. The IP survey will map both alteration and mineralization attributes below the valley cover and west of the range where the historic and high grade silver-copper showings are exposed at surface. Inversion models and 3D voxels derived from the survey are expected in April.

Two-Stage Drill Program Strategy. The overall strategy is to use the IP and resistivity models derived from the recently completed survey in conjunction with new geochemical data and alteration mineral data obtained from the current Phase 1 drill program to prioritize targets for the second phase of drilling planned for later this spring. As shown in Figure 1, the IP survey in particular will shed light on the area south and west of the drill holes planned for the current program which themselves are based primarily on magnetic, EM and gravity anomalies already in hand.

The Context
VR has been working on Reveille continuously since June of last year, with field work wrapping up in the third week of December. Integrated targets derived from detailed structural mapping, extensive rock sampling, a high-resolution airborne EM and magnetic survey and a detailed ground gravity survey are apparent on the western side of the district-scale property for both silver-copper CRD mineralization, and for gold related to late, Carlin-style fluids. Both target types were illustrated in recent news releases dated December 21^st, 2020, and January 14^th, 2021.