Vr Completes Airborne EM Survey and Prepares FOR Drilling ON Its Junction Copper-Silver Property IN Nevada NR-18-14
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
VR COMPLETES AIRBORNE EM SURVEY AND PREPARES FOR DRILLING ON ITS
JUNCTION COPPER-SILVER PROPERTY IN NEVADA
NR-18-14
November 7, 2018, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or
“VR”, is pleased to provide an update on planning and targeting for its upcoming first pass diamond drill program on
its copper-silver Junction Property in northwestern Nevada.
Field preparations are now underway for a targeted, first pass drill program on the copper -silver mineralization at
Junction. The Company has received final approvals for required drill permits, a drill contract has been executed,
and start -up is planned for later this month. Highway access to the property, and ranch roads throughout the
property facilitate cost-effective exploration at Junction.
This drill program is the result of more or less continuous surface exploration at Junction since April, 2018, the details
of which are highlighted in news releases dated July 11th and August 8th, 2018, respectively.
Copper-silver mineralization has been sampled at surface along a 6 kilometre trend at Junction, in coarse-grained
quartz-feldspar gra nite dykes hosted within a sheared , polyphase Cretaceous batholith (Figure 1 ). Bornite-
chalcopyrite copper sulfide aggregates contain micro-inclusions of silver, resulting in a nearly 1:1 correlation of
copper and silver in assay data from more than 100 samples. The correlation does not vary along the 6 kilometre
trend, nor does it vary depending on the copper grade of a sample, or the ratio of copper sulfide versus oxide.
The Company will drill-test the integrated targets named Wilder and Denio at the eastern and western ends of the
copper-silver trend respectively (Figure 1). Attributes of the two targets include:
At Wilder Creek, copper-silver mineralization is hosted in highly resistive, quartz - potassium feldspar granite dykes
which occur in the core of a two kilometer in diameter concentric magnetic ring feature (Figure 2); a high resistivity
body correlates with the magnetic high core of the ring feature, as shown by an airborne EM survey just completed
by VR (Figure 3). There are more than a dozen parallel dykes spanning a 300 metre width and extending for more
than on kilometre of strike (see Figure 3); the Company will drill-test the resistive core of the concentric magnetic
ring feature as a potential mineralized source body to the concentration of mineralized dykes at surface (Figure 4).
At Denio Summit, a series of mineralized quartz-feldspar granite dykes and gold -bearing quartz veins are mapped
at surface along a 1.5 kilomet re trend ( Figure 5 ). A broad soil anomaly with copper, silver, gold and tungsten
enriched in multiple stations on multiple lines underlies the northern 1,000 m of the surface trend of showings.
Geophysical test lines identify chargeability and resistivity anomalies below the surface dykes. The Company will
drill-test these anomalies in the area of a sharply defined, 400 metre in diameter gravity anomaly which potentially
outlines a larger-volume source body to the mineralized, altered granite dykes and veins at surface.
From VR’s CEO Dr. Gunning, “I encourage our shareholders to look at the figures attached to this release; they tell a
thousand words. Junction has developed into a district-scale trend of copper-silver showings. The copper -silver
correlation is striking and steadfast, and improves the economic potential of the property. We understand the nature
of the silver mineralization, and have identified analogues, current mines, to improve our exploration. The concentric
magnetic ring feature at Wilder is characteristic of deep porphyry settings, and is compelling evidence for a large,
rooted source body for the concentration of mineralized dykes at surface. I believe in the value-creation potential of
this property because Nevada is proven for large copper systems of this geologic age, and local infrastructure will
allow us to test this potential cost-effectively. We look forward to providing further updates as drilling proceeds.”
Please see the Company’s website at www.vrr.ca for more complete information on the Junction property, including
regional maps and property photos.
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
About the Junction Property
The Junction property is located in Humboldt County, near the Nevada – Oregon border, immediately east of
Highway 140. The nearby town of Denio Junction is less than 6 kilometres to the north, and facilitates effective and
cost-efficient field exploration programs. The Company has expertise to leverage and synergies to exploit at Junction
by applying its exploration experience during the past four years at its nearby Bonita porphyry copper -gold project.
The Junction property consists of 152 claims covering 3,140 acres (1,271 hectares) within an area of approximately
7.5 by 3 kilometres. The property is on land administered by the federal Bureau of Land Management (BLM). There
are no state or federal land use designations, or privately -owned land which restrict exploration on the property,
nor is the property within the BLM’s broadly defined area of sage grouse protection.
The property is owned 100% by VR, registered to the Company’s wholly -owned, Nevada-registered US subsidiary
Renntiger Resources USA Ltd. Certain claims in the western and eastern part of the property were acquired from a
third party and are subject to a royalty; the remaining 144 claims were staked directly by VR . There are no other
carried interests, joint venture interests, or back-in rights to any mineral claims at Junction.
Technical Information
Summary technical information on the Junction Property geology is available at the Company’s website at
www.vrr.ca.
VR submits geochemical samples to the ALS Global (‘ALS”) laboratory facilities in Reno, Nevada, with final analytical
work done at the ALS laboratories located in Vancouver, BC., including ICP -MS analyses for base metals and trace
elements, and gold determination by atomic absorption assay. Analytical results are subject to industry -standard
and NI 43-101 compliant QAQC sample procedures 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., Principal Geologist at VR and a non -
independent Qualified Person oversees all aspects of the Company’s mineral exploration at Junction. 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 VR Resources
VR is an emerging junior exploration company in the copper-gold space (TSX.V: VRR; Frankfurt: 5VR; OTCBB:
VRRCF). The diverse experience and proven track record of its Board in early -stage exploration and discovery is the
foundation of VR. The Company is focused on exploring large copper-gold mineral systems in the western United
States. VR is the continuance of 4 years of active exploration in Nevada by a Vancouver -based private exploration
company. VR is well financed for its exploration strategy focused on three core assets: the Bonita, Junction and
Danbo properties. VR owns its exploration assets outright and evaluates new opportunities on an ongoing basis,
whether by staking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Michael H. Gunning”
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
_____________________________
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 n ature,
refer to future events. Forward looking statements in this release include but are not limited to: … start-up is planned
for later this month; … potential mineralized source body to the concentration of mineralized dykes at surface; … and
improves the economic potential of the property.
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 f orward-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. Select grab sample assays from the 6 kilometre trend of surface copper-silver showings at the Junction
property, Nevada. The statistical correlation of copper to silver is nearly perfect (0.89), it is consistent along the 6
kilometer trend, and it does not vary depending on the grade of copper, nor the ratio of copper sulfide to copper
oxide minerals.
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. At Wilder Creek, surface copper-silver showings are related to a concentration of granite dykes which
occur within the core high of a concentric magnetic ring anomaly more than two kilometres in diameter. Figure 3
shows the correlation of the magnetic high core of concentric ring feature with a high resistivity body. Permitted
drill hole locations are shown, and will provide a first pass test of the magnetic, resistive core anomaly as a
potential mineralized source body to the numerous mineralized granite dykes mapped at surface (see photo in
Figure 4).
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 3. There is a high resistivity body in the magnetic high core of the concentric magnetic ring feature at
Wilder Creek. The concentration of more than one dozen mineralized granite dykes in the core of the ring feature
have a strike length in excess of one kilometre. Permitted drill hole locations are shown, and will provide a first
pass test of the magnetic, resistive core anomaly as a potential mineralized source body to the numerous
mineralized granite dykes mapped at surface (see photo in Figure 4).
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 4. Geologic cross-section of the Wilder creek target, and hand sample photograph of copper-silver sulfide
melt interstitial to quartz and K-feldspar grains in granite dyke, Junction Property, Nevada. The schematic drill hole
targets the high resistivity core of the concentric magnetic ring anomaly shown in the previous two figures, as a
potential mineralized source body to the numerous copper-bearing dykes mapped at surface.
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 5. The 1.4 kilometre trend of surface copper-silver showings related to granite dykes and related quartz
veins at the Denio Summit target have a robust soil geochemical anomaly footprint in gold. A series of permitted,
first pass drill holes will target IP and resistivity anomalies in the vicinity of a large gravity anomaly in the central
part of the trend.