The fall drill program is underway at VR’s Hecla-Kilmer project and critical metals discovery in Northern Ontario NR-22-15
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 fall drill program is underway at VR’s Hecla-Kilmer project and
critical metals discovery in Northern Ontario
NR-22-15
October 12, 2022, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR , FSE: 5VR; OTC QB: VRRCF ), the
"Company", or “VR”, is pleased to announce that drilling is underway at its Hecla-Kilmer (“H-K”) property
located in northern Ontario . Drilling will focus on two of three areas of high grade critical metal
mineralization discovered by VR within a large hydrothermal breccia system hosted within the multiphase
alkaline complex with carbonatite at Hecla-Kilmer.
Four to five holes are planned for a total of approximately 2,000 metres.
The program is expected to take four to five weeks to complete.
Geochemical data are expected through year-end and into the first quarter of 2023.
Drilling is again being done from our exploration camp established in 2020 on private land at Otter Rapids
located just 23 km southeast of the property (photo in Figure 1). The camp has “green” electrical service,
situated at the terminus of Highway 634 which links the hydroelectric facility at Otter Rapids to the towns
of Cochrane and Kapuskasing located on the northern Trans-Canada Highway 11 to the south. The Ontario
Northern Railway also passes through Otter Rapids to service the communities of Moose Factory and
Moosonee located on the tidewaters of James Bay some 125 km to the northeast.
From VR’s CEO, Dr. Michael Gunning, “It is good to have the camp up and running and the drill turning
again on our critical metal discovery at Hecla-Kilmer. The program and approach at Hecla -Kilmer have
advanced, from reconnaissance in nature when our exploration began in 2019, to advanced -stage
delineation drilling in this, our fourth program, which is targeting known, high -grade polymetallic
mineralization intersected at or near surface in three separate areas spanning 2.5 km.
The magnetic map in Figure 1 shows the key intersections of critical metals made to date, located in the
northwest quadrant, central core and south rim of the multiphase intrusive complex at Hecla-Kilmer.
There are two specific objectives of this fall drill program:
1. Delineate and/or extend the high-grade mineralization in Hole 13 (243 metre intersection of
1% Total Rare Earth Oxides “TREO”) both down plunge to the southeast and along strike to the
southwest along respective controlling structures.
2. Track the high-grade mineralization in Hole 15 on the south rim of the complex along a
controlling northeast-southwest structure evident on regional and detailed magnetic maps.
Additionally, time and weather permitting, we will evaluate completing an initial test hole on the southeast
structural boundary of the circular magnetic anomaly at the Company’s new Northway property located
just 12 km to the northeast of Hecla-Kilmer (see Figure 3 in NR22-09 dated July 27, 2022).
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
To be clear, our drilling remains early-stage for a complex of the size of Hecla-Kilmer. That said, we have
now intersected high -grade critical metal mineralization that exceeds 1% TREO in 11 of the 17 holes
completed to date. Further, the recent 287 metre intersection in Hole 13 highlights the potential for very
high in -situ value s at Hecla -Kilmer due to the unusually high proportion of magnet REO’s, and the
polymetallic nature of the REE mineralization, whi ch includes yttrium and niobium. With that, we are
excited to be advancing to the stage of delineating the volume potential of the areas of high -grade
mineralization discovered to date, and we look forward to providing further updates as this drilling
program is completed and our geochemical data arrive towards year-end.”
Background
Hecla-Kilmer (“H-K”) is a large and multiphase alkaline intrusive complex with carbonatite. It is 4 – 6 km
in size, Proterozoic in age, and was emplaced along the western margin of the crustal-scale Kapuskasing
structural zone which bisects the Archean Superior Craton in northern Ontario.
Ashland Oil and Elgin Petroleum did reconnaissance drilling at H-K in 1970 as part of a regional base metal
exploration program. A scant 854 m were completed in five holes, all located on magnetic highs in the
outer concentric zones of the complex. No geochemical sampling or data are reported. Selco Exploration
Company completed two drill holes in 1981 on peripheral magnetic highs as part of a regional diamond
exploration program. After this historical drilling, a regional airborne magnetic survey was completed in
1993 for ongoing diamond exploration in the region, and it provided a new and high-resolution of detail
for the entire H-K complex.
The opportunity for VR is to be the first company to apply modern IOCG and carbonatite mineral deposit
models to explore the multiphase H-K complex and hydrothermal breccia system as a whole, and to use
new exploration technologies not previously available when the historic drilling was done.
VR completed the first airborne EM survey over H -K in June, 2020, using the state -of-the-art VTEM+
system of Geotech Ltd. Flown at 100 m line spacing over a 6 x 7 km survey block for a total of 450 line -
km, the data provide a high resolution of detail. The Company also completed an independent, 3 -D
inversion of both magnetic and EM data , for improved modeling of the complex in three dimensions . A
detailed, ground-based gravity survey covering an area of 1.5 x 3.5 km was completed in the winter season
of 2021, with high-resolution data generated from 597 stations on an equant grid spacing of 100 m.
VR completed four drill holes for a total of 1,971 m in October, 2020, targeting the northern MVI (magnetic
inversion) anomaly at H-K. In October, 2021, the Company foll owed up that drilling with the completion
of 5 additional holes for a total of 2,604m, targeting the high contrast, 3.5 mGal gravity anomaly that is
co-spatial with, but slightly offset from the MVI magnetic anomaly. Fluorite-carbonate hydrothermal
breccia with carbonatite vein breccia was discovered in Holes 2 and 4. It comes to surface and hosted in
a high temperature, sulfide-bearing calc-potassic alteration system which completely overprints original
alkaline and carbonatite host rocks, and contains broad and polymetallic intersections up to 299 m long
of critical metals including both light and heavy rare earth elements, yttrium, niobium, phosphorous and
iron, with copper locally and elevated gold on some controlling structures.
A state-of-the-art, ultra- high-resolution drone magnetic survey completed over the northwestern part of
the H-K complex in the fall of 2021, and was expanded in the winter season of 2022. The final survey is
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
3.4 x 4.5 km in size, comprising 121 lines a t both 25 and 50 m line -spacing for a total of 410 line -km. A
third drill program was completed at Hecla -Kilmer in May-June of 2022, to follow up on the broad,
polymetallic intersections of critical metals in 2020 and 2021 by using the analytic signal (“AS”) magnetic
anomalies derived from the new drone airborne survey as an indication of higher concentrations of
hydrothermal magnetite. A total of 2,751 m etres were completed in eight drill holes ranging from 249 –
378 metres long. Key results include:
- Hole 13 intersected 243 metres @ 1.01% TREO, of which 20% are PMREO, within 287 metres @
0.90% TREO, starting at surface and continuous to the bottom of the hole, and including 65 metres
at 1.66% TREO, starting at 155 metres, of which 2 1% are PMREO, and which includes 39 metres
@ 2.01% TREO starting at 155 metres.
- Hole 15 located some 2.5 km to the south, on the south rim of the complex, intersected
25.5 metres @ 1.131% TREO with 18% as Magnet REO*, within 55.2 metres @ 0.70% TREO
starting less than 30 metres from bedrock surface.
VR has now intersected high grade Critical Metal mineralization with > 1% TREO with a proportion of
PMREO from 18 -21 % in 11 of 17 drill holes . The mineralization is at or near surface in three different
areas 2.5 km apart. Drilling is still at a very early stage at H -K, yet the 17 holes completed to date
demonstrate both the lateral and vertical scale of the hydrothermal breccia and alteration system , and
the high value nature of the polymetallic critical metal mineralization.
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 submitted all drill core for GeologicAI XRF and SWIR scanning, and selected sawn drill core samples for
geochemical assay to the ALS Global Ltd. (“ ALS”) laboratory facilities in Timmins, Ontario, with final
geochemical analytical work done at the ALS laboratory located in North Vancouver, BC., including lithium
borate fusion, ICP-MS and ICP -AES analyses for base metals, trace elements and full -suite REE analysis,
and gold determination by atomic absorption on fire assay . Analytical results are subject to industry -
standard and NI 43-101 compliant QAQC sample procedures externally by the Company and internally at
the laboratory as described by ALS.
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., VP Exploration 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 CEO, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person.
About the Hecla-Kilmer Property
The Hecla-Kilmer complex is located 23 km northwest of the Ontario hydro-electric facility at Otter Rapids,
the Ontario Northland Railway, and the northern terminus of Highway 634 which links the region to the
towns of Cochrane and Kapuskasing to the south, itself located on the northern Trans-Canada Highway.
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 H-K property is large. It consists of 224 mineral claims in one contiguous block approximately 6 x 7
km in size and covering 4,617 hectares. The property is owned 100% by VR. There are no underlying ,
annual lease payments on the property, nor are there any joint venture or back-in interests.
Hecla-Kilmer is located on provincial crown land, with mineral rights administered by the Ontario Ministry
of Northern Development , Mines, Natural Resources and Forestry (“MNDM”). There ar e no annual
payments, but the MNDM requires certain annual exploration expenditures and reporting. The property
falls within the traditional territories of the Moose Cree and Taykwa Tagamou First Nations.
About VR Resources
VR is an established junior exploration company focused on greenfields opportunities in copper, gold and
critical metals (TSX.V: VRR; Frankfurt: 5VR; OTC QB: VRRCF). VR is the continuance of 4 years of active
exploration in Nevada by a Vancouver -based private company. The fou ndation of VR is t he diverse
experience and proven track record of its Board in early -stage exploration, discovery and M&A . 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 evaluates new opportunities on an ongoing basis, whether by staking or
acquisition.
The Company continues its normal course of business in 202 2 within the framework of modified
exploration programs in response to the COVID -19 pandemic, with the goal of ensuring 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 those which, by their nature, refer to future events. Forward looking statements in this
release include those related to the companies upcoming plans, such as “The program is expected to take
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
four to five weeks to complete ”, and “VR evaluates new opportunities on an ongoing basis, whether by
staking or acquisition.”
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
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 speculativ e. All of the Company’s public disclosure filings may be accessed via
www.sedar.com and 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.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Figure 1 . The d rill core logging facility and camp have been re -established at Otter Rapids in
Northern Ontario for the fall 2022 drill program at Hecla-Kilmer. Behind the treeline is the 182 MW
hydroelectric dam and the Ontario Northern Railway which connects Moose Factory and
Moosonee on James Bay to the north with the Canadian National line in Cochrane to the south.
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. Key critical metal intersections from the first 17 drill holes completed at Hecla -Kilmer, plotted on a
contoured RTP magnetic base map with superimposed 3D isoshells from the MVI inversion. The fourth drill
program now underway in October, 2022, will focus on two of the three areas with high grade TREO
mineralization: 1. Hole 15 area in the northwestern part of the multiphase complex, and; 2. Hole 15 area
located some 2.5 km to the south in the south rim of the complex