Exploration is Underway at Vr’S Ranoke Copper-GOLD Property IN Ontario NR-19-08
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
EXPLORATION IS UNDERWAY AT VR’s RANOKE COPPER-GOLD PROPERTY IN ONTARIO
NR-19-08
June 11, 2019, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company",
or “VR”, is pleased to announce that exploration is underway at its recently staked Ranoke copper-gold
property in northern Ontario. This work will refine drill targets already apparent from the compilation of
regional government surveys and archived mineral exploration assessment reports.
Figure 1. High resolution airborne gravity and magnetic survey.
The Company has executed a service agreement with Sander Geophysics Ltd. for an airborne geophysical
survey which is now underway at Ranoke. Final data and reports are anticipated within 4 -8 weeks. The
fixed wing survey will produce high resolution gravity and magnetic data over a block approximately 13 x
14 kilometres in size , with a 200 metre line -spacing, and o rthogonal tie lines flown on a one kilometre
spacing for improved data modeling . The fixed -wing gravity system includes three separate cesium
vapour magnetometer sensors to provide integrated horizontal gradient magnetic data.
The gravity signature of iron oxide copper gold deposits (IOCG) in Australia is well-established because of
the high density of iron oxide and copper sulfide minerals in massive breccia form. The high sensitivity,
low frequency AIRGrav system of Sander chosen for the Ranoke survey will achieve a sensitivity of
0.1mGal, and provide two key exploration vectors to evaluate, refine, and prioritize specific IOCG targets
within the Ranoke magnetic complex for first-pass drill testing being considered for this fall:
1. Given the number of magnetic anomalies at Ranoke, the survey will prioritize which anomalies
are the highest density and therefore the most prospective for an iron-copper breccia body;
2. Given the size of the individual magnetic anomalies, the survey will map density variations within
any given anomaly and prioritize high density zones more prospective for iron-copper breccia.
Figure 2. High Resolution soil gas geochemical transects.
The Company has executed a service agreement with C.O. Geosciences Inc. for a high-resolution soil gas
geochemical survey utilizing proprietary, AGI sorbent -based passive samplers. Some 156 stations are
planned on five separate transects four to five kilometres long across the five largest magnetic anomalies
to test for large, degassing sulfide bodies at depth. The initial field component of sampler deployment is
underway. Final data and reports are anticipated in August.
The AGI samplers will collect and measure volatile and semi-volatile compounds present in air, soil, gas
and water. The technology has been refined and proven by use in more than 40 countries during the past
decade. Importantly, the survey design at Ranoke calls for sampler deployment four to six feet below
surface, in the upper-most layers of till and soil and below water-saturated surface muskeg.
The soil gas technology being used is not hindered by the moisture content of bog terrain, nor are
resultant anomalies impeded by thick till above a buried sulfide target. The technology is proven for gold
and base metal exploration in similar terrain farther to the south in the Abitibi Belt in central Ontario.
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
From VR’s CEO Dr. Michael H. Gunning “VR is committed to the innovative application of new exploration
technologies towards previously untested targets within proven, established mineral belts . Both the
airborne gravity and soil gas geochemical surveys at Ranoke have been three months in survey design and
planning, from the selection of technologies available , to the design of survey parameters specific to the
Ranoke target. Our goal is the discovery of a copper-gold deposit at one or more of the large magnetic
pipes at Ranoke, and we believe the gravity and soil gas technologies at Sander and AGI respectively will
optimize our chance of success. These surveys epitomize the low cost but high impact value of blue -sky
exploration; VR will advance the Ranoke IOCG targets with both discipline and conviction, and w e look
forward to providing further updates as our work advances.”
About the Ranoke Property
The Ranoke property is located in northern Ontario , Canada. Infrastructure local to Ranoke is shown on
location figures provided at the Company’s website at www.vrr.ca. The property is 15 kilometers west of
the CNR railway spur which supplies Moosonee located on tide wat er 100 kilometres to the northeast ,
and it is 50 kilometres north of road access to Coral Rapids , an Ontario hydroelectric facility serviced by
Highway 634. Exploration at Ranoke is facilitated by the town of Cochrane which is located about 100
kilometres to the south on the Trans Canada Highway, and is the major service hub to the region.
The Ranoke property is large . It consists of 345 claims in one contiguous block covering 7,072 ha in an
area 12 x 12 kilometres in size. The Ranoke property was staked directly by VR. It is owned 100% by VR,
free and clear of any interests or royalties.
Technical Information
Summary technical and geological information on the Company’s various exploration properties is
available at the Company’s website at www.vrr.ca.
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., Principal Geologist at VR and a
non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral
exploration projects. The content of this news release has been reviewed on behalf of the Company by
the CEO, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person.
Corporate Update
For greater clarity, the Closing Date of the non-brokered financing previously announced on May 10, 2019,
has been extended to June 24, 2019.
About VR Resources
VR is an emerging junior exploration company focused on greenfields opportunities in copper and gold
(TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). The diverse experience and proven track record of its
Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company is focused
on exploring large copper-gold mineral systems in the western United States and Canada. VR is the
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
continuance of 4 years of active exploration in Nevada by a Vancouver-based private exploration
company. VR is well financed for its exploration strategy. 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:
“Michael H. Gunning”
_____________________________
Dr. Michael H. Gunning, PhD, PGeo
President & CEO
For general information please use the following:
Website: www.vrr.ca
Email: [email protected]
Phone: 604-262-1104
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are typically identified by words
such as: believe, expect, anticipate, intend, estimate, and similar expressions or are those which, by their nature,
refer to future events. Forward looking statements in this release include but are not limited to : “ … drill targets
already apparent from the compilation of regional government surveys ; … final data and reports are anticipated in
August.”
Although the Company believes that the use of such statements are reasonable, there can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. The Company cautions investors that any forward -looking statements by the
Company are not guarantees of future performance, and that actual results may differ materially from those in
forward-looking statements. Trading in the securities of the Company should be considered highly speculative. All of
the Company’s public disclosure filings are available at www.sedar.com; readers are urged to review these materials.
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.
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
Figure 1. Airborne gravity and magnetic survey grid for the Ranoke property in northern Ontario. Survey grid lines and orthogonal
tie lines are shown on a regional magnetic base map from the Geological Survey of Canada, flown at 800 metre line-spacing.
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
Figure 2. Transect lines for an AGI High Resolution Soil Gas geochemical survey at the Ranoke property in
northern Ontario. Station spacing is 100 metres over the core of the target magnetic anomalies, and 200
metres over surrounding areas. Survey grid lines are shown on a regional magnetic base map from the
Geological Survey of Canada, flown at 800 metre line-spacing.