VR completes the fall drill program at its Hecla-Kilmer critical metals discovery in Northern Ontario NR-22-17
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
VR completes the fall drill program at its Hecla-Kilmer
critical metals discovery in Northern Ontario
NR-22-17
November 15 , 2022, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR , FSE: 5VR; OTC QB: VRRCF ), the
"Company", or “VR”, is pleased to announce the successful completion of the fall drill program at its Hecla
Kilmer (“H-K”) project and critical metals discovery located in northern Ontario.
1,719 m completed in 6 drill holes, ranging from 147 – 396 metres in length;
1,273 samples have been submitted for geochemical analysis.
Program Summary
VR has now completed 22 drill holes for a total of 8,767 m at Hecla Kilmer, in four programs starting in
the fall of 2020. The locations of all holes are shown on the property-scale magnetic map in Figure 1.
The current drill program completed three holes to test for extensions around the 243 m intersection a t
1.01 % TREO in Hole 13, and; two holes were completed around the 55 m intersection in Hole 15 located
2.5 km to the south, in the south rim of the complex
The exploration camp established in 2020 at the terminus of Highway 634 at the Otter Rapids
hydroelectric facility again provided for efficient and cost-effective logistics for the six week program.
The Company is able to submit its d rill core samples for geochemistry to the laboratory in Timmins in
sequence, as each drill hole is completed, because Timmins is just a three hour drive south from camp .
The Company expects to receive final data through the upcoming months of December and January.
Comment
From VR’s CEO, Dr. Michael Gunning, “We are extremely pleased that the fall weather window this year
facilitated our strategy to complete a fourth drill program at Hecla-Kilmer and to get our first
reconnaissance test hole into the large magnetic anomaly at our Northway property located just 12 km to
the northeast.
The discovery process at Hecla-Kilmer began with REE mineralization discovered at surface in Hole 4 of the
first program in the fall of 2020. It has advanced to delineation drilling upon intersecting mineralization
in 11 of 17 holes in three successive programs since. The goal of this fourth program was to complete
additional drill holes into the two main areas with known higher grade critical metal mineralization in
order to begin the assessment of their potential for mineral volume.
We believe we achieved our goal with this drilling. Rare earth element mineralization in the first 17 holes
at Hecla-Kilmer is most strongly associated with zones of carbonatite dykes and hydrothermal breccia, and
more specifically, phoscorite carbonatite dykes and veins with prismatic apatite and cockade biotite and
magnetite on vein selvages. Provided here are three core photos which illustrate these associations in the
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
recent drilling: Photo 1 & Photo 2 - phoscorite veins with apatite shown from Hole 18 and Hole 13
extension respectively and; Photo 3 - carbonatite dykes and hydrothermal breccia shown from Hole 19
from the south rim of the complex, which tests for mineralization directly below the collar for the high
grade intersection in Hole 15 from last spring.
Going forward. Concurrent with this drilling, VR has commenced scanning electron microprobe research
to determine exactly which minerals host the high value magnet rare earth elements. Second, VR has also
begun scoping a metallurgical test / extraction study using a bulk sample of whole core from a mineralized
drill hole.
A comment on Northway . The sixth and final hole of the program was completed on the Northway
property and magnetic anomaly located 12 km to the north of H-K. The hole was completed to 282 m,
target depth into the heart of the 3 -D MVI magnetic inversion anomaly derived from our ultra – high-
resolution drone magnetic survey completed in April. The MVI anomaly is anchored by a northeast -
southwest structure that crosscuts the 1.3 km in diameter, circular magnetic anomaly at Northway. We
believe we intersected our target at Northway on the first hole; a diatreme breccia pipe that comes to
basement surface below the cover of till and Paleozoic sediment. Additional information on this new
intercept will be forthcoming shortly.”
Background for the Emerging Discovery at Hecla-Kilmer
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. The Aquitane
Company of Canada also explored the region in the early 1970’s, doing reconnaissance geophysics and
twelve follow-up drill holes focused on the Paleozoic Hudson shelf carbonates and basal arenites. Selco
Exploration Company completed two drill holes in 1981 on peripheral magnetic highs as part of a regional
diamond exploration pro gram. 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 RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
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 followed 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 dykes and vein breccia was discovered in Holes 2 & 4. It comes to surface, and
extends to more than 500 m vertical depth. It is hosted in a high temperature, sulfide -bearing calc-
potassic alteration system which completely overprints original alkaline and carbonatite host rocks .
Broad, intersections up to 299 m long are polymetallic in nature, with critical metals including both light
and heavy rare earth elements, yttrium, niobium, phosphorous and iron, with copper sulfide locally, and
gold elevated in phonolite dykes on 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
3.4 x 4.5 km in size, comprising 121 lines at b oth 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 w hich 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.
1. TREO is the summation of Ce2O3 + La2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 +
Tm2O3 + Yb2O3 + Lu2O3 + Y2O3.
2. MHREO is the sum of the middle and heavy rare earth oxides (Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 +
Tm2O3 + Yb2O3 + Lu2O3 + Y2O3).
3. PMREO is the sum of high-value rare earth oxides used in permanent magnet motors and turbines used in electric vehicles and wind
turbines (Pr2O3 + Nd203 + Tb2O3 + Dy2O3). The % Magnet REO column is this PMREO sum divided by TREO, and expressed as a
percent.
VR has now intersected high grade Critical Metal mineralization with > 1% TREO with a proportion of
PMREO from 18-21 % in 11 of the first 17 drill holes completed to date with geochemical data in hand.
The mineralization is at or near surface in three different areas that are 2.5 km apart. Drilling is still at a
very early stage at H -K, yet the 17 holes 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.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
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 submits 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, including the
systematic insertion of both sample duplicates and geochemical standards done both externally on the
project site by the Company and internally at the laboratory by ALS, 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 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.
The H-K property is large. It consists of 224 mineral claims in one contiguous block approximately 6 x 7
km in size and c overing 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 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 greenfields opportunities in critical metals,
copper and gold (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 foundation of VR is t he diverse
experience and proven track record of its Board in early -stage exploration, discovery and M&A . The
Company is well- financed for its exploration strategies and corporate obligations , and focuses on
underexplored, large-footprint mineral systems in the western United States and Canada. VR owns its
properties outright and evaluates new opportunities on an ongo ing basis, whether by staking or
acquisition.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
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: 778-731-9292
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 compan ies upcoming plans, such as “we anticipate receiving data
through the upcoming months of December and January ”, 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: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
Figure 1. Key critical metal intersections from the first 17 drill holes completed at Hecla -Kilmer, and locations
of the five new holes completed in October, 2022, all plotted on a contoured RTP magnetic base map with
superimposed 3D isoshells from the MVI inversion.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
Photo 1. Drill core from 391 m in Hole HK22-018 showing cockade prismatic amphibole (green) and biotite (black)
crystals up to 1cm in length growing into a phoscorite vein composed of coarse calcite and apatite (pink). The high
core angle large crystal growths suggest a near vertical emplacement and extensional open space. NQ core
diameter is 36.5 mm.
Photo 2. Drill core from 439m depth in the extension of HK22-013 where drilling finished in mineralization last
spring. The totally biotite replaced host rock has been brecciated and infilled by a dense network of calcite -apatite
veins with 2-5mm biotite crystal growths on the margins.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 778-731-9292; [email protected]
TSX.V: VRR; www.vrr.ca
Photo 2. Core bench photo of carbonatite (sovite) dykes and vein breccia observed over 10’s of metres in HK22-019
on the southern rim of the Hecla-Kilmer alkaline intrusive complex. Unique to this zone are the fine grains of biotite-
amphibole and apatite streaming through the calcite-dominated sovite dykes. This vertical hole was drilled from the
same pad as the 55.2 metres at 0.70% TREO at a lateral distance of roughly 60 metres at this depth.