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VR identifies 3.5 mGal gravity anomaly at its Hecla-Kilmer property in Northern Ontario, and planning is now underway for Phase II follow-up drilling in September

Nachrichtenquelle: globenewswire
05.05.2021, 15:00  |  121   |   |   

VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to announce that it has received the final data for the detailed, ground-based gravity survey carried out in March over the multi-phase carbonatite complex on its Hecla-Kilmer property (“H-K”) located in Northern Ontario.

The result is obvious; the intervals of copper, gold and critical metal mineralization intersected last fall by VR are located on the eastern margin of a large and high amplitude gravity anomaly. The Company is now planning for Phase II, follow-up drilling in September to test the new anomaly for the heart of the REE-bearing, IOCG hydrothermal breccia system discovered at H-K in 2020.

The Anomaly; Figure 1 and Figure 2.

Large: 400 x 800m in size;
High amplitude: 3.5 mGal contrast to surrounding rock of the H-K complex;
Robust: 55 stations of recorded high density, with no gaps, within the boundaries of the 3.5 mGal anomaly;
Structural Control: Sharp boundaries define a rhombohedral anomaly shape with the geometry of a Riedel transtensional structural complex;
Magnetic High: Correlates with large MVI magnetic inversion anomaly within the H-K complex.

Correlation to previous Drill Intersections; Photo 1 and Photo 2.

As shown in Figure 2, the new gravity anomaly is believed to represent the heart of the mineralization discovered last fall when VR intersected a hydrothermal breccia and high temperature sulfide alteration system which comes to surface on the eastern margin of the new gravity anomaly. The mineralized breccia system has more than 600 m of continuous vertical extent in two drill holes, HK20-002 and 004 (see NR dated Dec. 17, 2020). As shown in Photo 1, the intersections contain intervals of copper sulfide and REE mineralization with critical metals. These intersections have high density profiles in XRF scans completed for each dill hole, in their entirety (see NR dated March 11, 2021), and thus provide a direct link between the gravity anomaly and the Cu-Au-REE mineralization.

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VR identifies 3.5 mGal gravity anomaly at its Hecla-Kilmer property in Northern Ontario, and planning is now underway for Phase II follow-up drilling in September VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) - VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to announce that it has received the final data for the detailed, ground-based gravity survey …

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