VR Resources Samples 2.16% Copper and 15.6 g/t Silver at Golden Bear and Applies for Exploration Permit
Press Release
Oct 1, 2024, Vancouver, B.C.: 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 2.16% copper and 15.6g/t silver (Photo 1). The 2m wide breccia occurs along a structure trending north-northwest through a large granodiorite intrusion mapped by the OGS (Figure 1). Recent work shows the copper-silver mineralization in the hydrothermal breccias is related to aplite and granitic dykes derived from the granodiorite and intruding into metavolcanics (Photo 2), themselves with stockwork quartz veins.
Photo 1 shows the strong s ericite 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.
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.”
VR Resources Ltd.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
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.
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
VR Resources Ltd.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
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
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