The drill is back at VR’s Reveille property in Nevada to test the jasperoid breccia-pipe gold target named G1. NR-21-10
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
The drill is back at VR’s Reveille property in Nevada to test the
jasperoid breccia-pipe gold target named G1.
NR-21-10
April 14, 2021, Vancouver, B.C.: VR Resources Ltd . (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company,” or
“VR,” is pleased to confirm that the drill is back on site and turning at its Reveille property in Nevada.
VR was able to secure a track-mounted diamond drill rig on route to a nearby project in order to complete a core
hole on the jasperoid breccia- pipe gold target at Reveille named G1. As shown in the field photograph from
yesterday in Photo 1, the drill hole is located on a ridge of structurally-controlled, gold-bearing jasperoid breccia
related to a rhyolite intrusion which has replaced the host limestone stratigraphy along a fold hinge fault zone,
with high-grade silver and copper in breccia zones to the northeast of G1 along the same structure.
As shown on the drill hole plan map in Figure 1, and as summarized in the News Release dated March 17, 2021,
VR completed four RC (reverse circulation) holes in February for a total of f 4,347 feet by a truck-mounted TH75
rig, each hole between 1,000 and 1,200 ft long, and each hole on a differen t target based on integrated data
from structural mapping and rock geochemistry, and gravity, EM and magnetic geophysical surveys. The G1
gravity target was not tested because the drill road and pad were not amenable to the truck mounted RC rig.
Soil Anomaly
While drilling the first four RC holes in February, the Company received the geochemical data from a soil sample
grid covering the entire western flank of the range and the western third of the property. The data set is robust,
consisting of 287 sa mples on a 50 - 150 m spacing. As shown in Figure 2 , the strongest gold anomaly on the
entire Reveille property occurs at G1, in association with the ridge spur of jasperoid breccia, and strongly
correlated with arsenic-antimony-mercury and barium.
Gravity Anomaly
As shown in Figure 3, the G1 drill hole itself is collared specifically on a high contrast and sharply defined gravity
low anomaly and coincident multi- element soil ano maly in gold -arsenic-antimony-mercury-barium associated
with extensive outcrops of jasperoid breccia on the ridge. The G1 drill hole will test if the gravity anomaly is a
decalcified, and therefore low density, gold-bearing jasperoid breccia-pipe developed in the host limestone. The
contours of the gravity indicate a sub-vertical, pipe-like geometry for the body, with a strong structural control.
The geochemical attributes of the jasperoid and the soil anomaly are characteristic of a Carlin-style fluid system.
It developed on the same overall regional fault complex and caldera margin setting which accommodated the
silver-copper CRD fluid system that was responsible for the historic workings in the hills to the east of G1 (Photo
1). That is, the silver-copper and gold fluid systems are superimposed, which speaks to the strength of both the
system driver and the host structure at Reveille.
Context
VR is exploring the covered valley on the western flank of the range because it has never been previously
explored or drilled as the potential source and overall driver o f the high -grade silver-copper mineralization at
Reveille during the past 140 years of prospecting which has focused on the high-grade showings exposed in the
hills of the Reveille range to the east.
VR is focused squarely on targets for proximal, high temperature mineralization that represents the core to the
overall CRD mineral system and source to the showings in the hills at Reveille, and the superimposed gold-
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
arsenic-antimony-mercury-barium jasperoid anomaly, based on an array of new geochemical data and element
ratio vectors which point to the western range flank and covered valley as the source area.
Comment
From VR’s CEO Dr. Michael Gunning, “Committing to the diamond drill rig you see in Photo 1 at the G1 pad as it
was on it’s way north to another job speaks to our conviction on both the definition and the amplitude of the
gravity and multi-element geochemical anomaly, and to the upside potential of this jasperoid breccia body to our
shareholders.
Obtaining drill core as opposed to RC chips will give us stronger geological logs, better data from hyperspectral
scanning for mineral alteration, valuable high definition photography of the entire hole, and stronger control for
geochemical sampling and interpretation of data in the context of detailed geological logs.
Hyperspectral scanning on the first four RC holes completed last month is nearly complete now, and more than
800 geochemical samples from continuous sampling of each of the first four holes in their entirety are through the
preparation lab and are in the queue for final analysis. Overall, we hope to have all geochemical data from the
initial 4 holes by earliest May.
To be clear, our intent is to lay out a Phase II drill program at Reveille using the new geochemical data from the
first five holes, in addition to the final inversion models from the 3D-array DCIP geophysical survey that was also
completed in February, and for which we have seen preliminary results.
We look forward to providing further updates as our data come in and our drilling advances at Reveille this spring
and summer.”
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 s ample 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 wit h standard, duplicate and blank samples inserted internally by the
company.
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., Exploration Manager & Chief Geologist
at VR and a non -independent Qualified Person oversees and/or participates in all aspects of the Company’s
mineral exploration projects and has reviewed the content of this news release. The Company’s CEO, Dr. Michael
Gunning, P.Geo., is also a non-independent Qualified Person.
About the Reveille Property
The Reveille property is located approximately 90 km’s east of Tonopah, Nevada. Access is via Highway 6, with
local roads and trails in and around the property itself.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
The Reveille property consists of 66 mineral claims in one contiguous block covering 1,344 acres (544 hectares)
over an area of approximately 2 x 3 km’s. The property is on federal land administered by the BLM, and are
outside of the BLM’s broadly defined area of sage grouse protection. There are no underlying annual lease
payments on the property, nor are there any joint venture or carried interests on the property. There is an
industry-standard royalty attached to the property, with a standard buy-back provision to VR.
About VR Resources
VR is an e stablished junior exploration company focused on greenfields opportunities in copper and precious
metals (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). VR is the continuance of 4 years of active exploration in
Nevada by a Vancouver-based private company. 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 focuses on underexplored,
large-footprint mineral systems in the western United States and Canada, and is well financed for its exploration
strategies and corporate obligations. VR owns its properties outright, and ev aluates new opportunities on an
ongoing basis, whether by staking or acquisition.
The Company continues its normal course of business in 2021 within the framework of modified exploration
programs in response to the COVID -19 pandemic, with the goal of en suring the health and safety of staff and
project personnel.
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, postulate and similar expressions or are those
which, by their nature, refer to future events. Forward looking statements in this release include “VR is focused
squarely on targets for proximal, high temperature mineralization that represents the core to the overall CRD
mineral system and source to the showings in the hills at Reveille.”, and “VR evaluates new opportunities on an
ongoing basis, whether by staking or acquisition.”
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
This news release contains statements and/or information with respect to mineral properties and/or deposits
which are adjacent to and/or potentially similar to the Company’s mineral properties, but which the Company
has no interest in nor rights to explore. Readers are cautioned that mineral deposits on adjacent or similar
properties are not necessarily indicative of mineral deposits on the Company’s properties.
Although the Company believes that the use of such statements is 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. Readers are urged to review all of the Company’s public disclosure filings available at
www.sedar.com.
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.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Photo 1. Diamond drill rig on the G1 drill pad at Reveille on April 13th, 2021. The white line is a schematic drill trace for
the G1 hole which will test below the dark jasperoid outcrops evident on the ridge to the right of the drill in order to test
the coincident gravity anomaly and multi-element gold-arsenic-antimony-mercury-barium soil anomaly shown in Figure 3
for a large-scale, gold-bearing jasperoid breccia-pipe (dashed white lines). Field of view is 500m along the ridgeline.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Figure 1. Location of the G1 drill hole in relation to the four RC holes and the 3D- array DCIP geophysical survey completed
in February-March, 2021, at Reveille , plotted on a RTP magnetic base map derived from a high -resolution airborne EM
survey completed by VR in July, 2020. Assays shown at workings are from VR sampling in June, 2020. The two dashed blue
lines outline the northeast -southwest fold axis mapped by VR this summer which controls silver -copper mineralization at
Reveille, with the magnetic anomaly in the pink contours as the potential driver and source of the fluids. G1 is s hown on
the gravity anomaly which is located on the same primary structural controls for the silver -copper mineralization.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Figure 2. Soil geochemistry maps for the western flank of the Reveille range. The G1 drill target is the gold-arsenic-
antimony-barium anomaly located in between the Zebra and Jackrabbit showings in the top right of each map. Mercury is
also associated with this anomaly. The various showings on the right side of each map are shown in Figure 1 , with assays.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Figure 3. Integrated target map for the G1 drill hole, showing the strongest gold soil geochemistry anomaly on the entire
Reveille property and coincident with a high amplitude, sharply defined gravity low anomaly itself associated with well
developed jasperoid breccia on a ridge-spur of structurally controlled alteration in limestone. This map is the context for
the drill rig and drill trace shown in Photo 1.