VR Acquires New Property to Expand Its Hecla-Kilmer Critical Metals Strategy in Northern Ontario. NR-22-09
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
VR Acquires New Property to Expand Its
Hecla-Kilmer Critical Metals Strategy in Northern Ontario.
NR-22-09
July 27, 2022, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company",
or “VR”, provides a brief update on its critical metal exploration strategy in northern Ontario.
Ultra – high resolution drone magnetic data received for the recently staked
Northway property located 15 km to the northeast of Hecla-Kilmer (“H-K”);
Application underway for new MNDM drill permit for Northway.
From VR’s CEO, Dr. Michael Gunning, “Last November, VR announced the discovery of a new niobium-
Rare Earth metals mineral system on its wholly-owned Hecla-Kilmer property with the intersection in
Hole 13 of 238 metres @ 0.2% Nb205 with 0.5% TREO, including sample intervals of 1.7 % TREO with
18% PMREO over 3 metres. With that intersection, the Company completed a thorough review of its
regional database and staked the Northway property located approximately 15 km to the northeast.
An ultra – high resolution drone magnetic survey was completed over Northway in March, during the set-
up of the recently completed, third drill program at Hecla-Kilmer, which produced the recently
announced intersection in Hole 013 of 243 metres @ 1.01% TREO, of which 19% are PMREO. This news
release provides the results of the drone magnetic survey at Northway.
On Figure 1, the location of Northway is shown within the regional-scale Kapuskasing Structural Zone
(KSZ) and rift through the Superior craton, together with the locations of VR’s H-K and Ranoke properties.
On Figure 2, the location of Northway is shown in relation to the northern boundary of the mafic volcanic
Wabigoon province of the Superior craton, similar to the location of Hecla-Kilmer on the opposing
southern boundary. Both boundaries are tectonic suture zones of regional scale. Note also the reverse
magnetic polarity of the regional magnetic anomaly at Northway, forming a prominent magnetic low,
akin to the reverse polarity in the northwestern part of the H-K complex where critical metal discoveries
have been made in drill holes 5 and Hole 13.
Figure 3 shows the new drone magnetic data at Northway. The anomaly is high amplitude, sharply
defined and approximately 1,300 metres across. Critical metal mineralization intersected to date at
Hecla-Kilmer is controlled by structures that disrupt patterns in magnetic and gravity maps. Similarly,
note the clear disruption of the concentric magnetic anomaly at Northway by a structure that is parallel
to the regional-scale, southwest-trending KSZ.
It is also important to note in Figure 3 the location of gold and copper grains in creeks draining from the
Northway property into the Mattagami River (OGS regional survey, 2001, 3,106 samples).
Our hydrothermal breccia exploration strategy on the KSZ started in 2018 at Ranoke, where fluorite and
hematite veins confirmed the prospectivity of the model, and seeded the 238 and 243 metre critical
metal intersections respectively at Hecla-Kilmer two years later. With the new magnetic data from
Northway, we have initiated the permit application process for drilling to further expand the strategy.
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 discovery at Hecla-Kilmer contributes to the rapidly evolving critical metal strategies of governments
across North America aimed at growing domestic EV and wind turbine sectors in order to sustain the
growth of the green economy. This relevance underscores the potential value of H-K to our shareholders,
and we look forward to providing further updates as we receive final drill data from Hecla-Kilmer, and add
Northway to an expanded and integrated exploration strategy going forward.”
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 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., Exploration Manager and 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 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, located on the northern Trans-Canada Highway.
The Northway property consists of 47 mineral claims in one contiguous block approximately 3 x 3 km in
size and covering 966 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. There is no royalty
attached to Northway because it was staked by VR directly.
Northway is located on provincial crown land in northern Ontario, with mineral rights administered by the
Ontario Ministry of Northern Development, Mines, Natural Resources and Forestry (“MNDM”). There are
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 larg e footprint, greenfields opportunities in
copper, gold and critical metals in the western United States and Canada (TSX.V: VRR; Frankfurt: 5VR;
OTCQB: 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 o f VR. VR owns its properties outright and 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
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 statem ents in this
release include those related to the companies upcoming plans, such as “The discovery at Hecla- Kilmer
contributes to the rapidly evolving critical metal strategies of governments across North America ”, 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 speculative. 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. Regional gravity map showing location of VR properties along the Kapuskasing structural zone (KSZ), a
rift feature within the Archean Superior craton that is prospective for the emplacement of carbonatite intrusions,
and formation of IOA and IOCG hydrothermal fluid systems. Shown are the Trans-Canada highway, Highway 634
leading to the hydroelectric facility at Otter Rapids, and the active Ontario Northern Railroad to Moosonee.
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 . Location of the Northway and Hecla -Kilmer properties on opposing boundaries of the Wabigoon sub-
province of the Archean Superior craton; both boundaries are regional -scale tectonic suture zones , and offer good
crustal conduits for magma and fluid. Both properties are centered on regional -scale, circular magnetic anomalies
with reverse polarity (low - green).
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. The Northway magn etic anomaly derived from the recently flown high -resolution drone survey, plotted on the RTP magnetic base
map for the region. Regional structures which define and/or disrupt the patterns in the RTP map, and the various other magne tic derivative
products such as 1VD and HD are parallel to the KSZ (see Figure 1 ). Shown is the Archean tectonic suture on the northern boundary of the
Wabigoon sub-province of the Superior craton (see Figure 2 for reference). Also shown are gold and copper grains from the 2001 OGS regional
survey, and gold and copper grains in auger holes in till from regional diamond exploration in 1981.