VR completes Phase I drilling at its Reveille silver-copper property in Nevada, expands soil grid and plans for Phase II drilling in June - Seite 2

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From VR’s CEO Dr. Michael Gunning, “We simply could not have asked for a more time-efficient and cost-effective drill program at Reveille, with some 4,300 feet completed in ten days. Further, completion of each and every hole to target depth of between 1,000 and 1,200 ft will deliver the vertical geochemical profile that we are looking for in this program, which, when integrated with grid-based soil geochemistry on the western flank of the range where our drilling is focused will improve our targeting just that much more for Phase II drilling.

Hyperspectral scanning on the first four holes will be done over the next several weeks in Reno, Nevada, while we await the rig to complete the 5^th and final hole a few weeks from now. As of the writing of this news release, more than 800 geochemical samples from the first four holes have been submitted to, and received by, the geochemical lab for processing.

As well, the 3D array DCIP geophysical survey shown on Figure 1 and completed immediately prior to drilling has passed all data QAQC processes, and the Company expects to receive initial 3D inversion models for both resistivity and chargeability data by the end of this month.

We are now making general preparations for Phase II drilling in June while we wait for the final geochemistry and hyperspectral mineral chemistry from Phase I to arrive, along with the final 3D IP inversion models. We have also expanded the soil geochemistry grid that was completed in December farther to the west to cover the same general area as the IP survey shown in Figure 1 where our drilling is focused.

We look forward to providing further updates as our data come in and our drilling advances at Reveille this spring.”

Technical Information

Summary technical and geological information for the Company’s various exploration properties is available at the Company’s website at www.vrr.ca.

VR has submitted RC chip samples collected from this drill program for geochemical analysis to the Bureau Veritas Minerals (“BV”) laboratory in Sparks, Nevada, where sample preparation is completed. Analytical work completed at the BV laboratories located in Vancouver, BC., includes ICP-MS analyses for base metals and trace elements, while gold determination is done at the Sparks, NV lab by fire assay atomic absorption spectrometry. Analytical results are subject to industry-standard and NI 43-101 compliant QAQC sample procedures at the laboratory, as described by BV, and with standard, duplicate and blank samples inserted internally by the company.