Vr Discovers High Grade Copper-Silver-GOLD Mineralization Along 6,000 Metre Trend at Its Junction Property, Nevada NR-17-14
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 DISCOVERS HIGH GRADE COPPER-SILVER-GOLD MINERALIZATION
ALONG 6,000 METRE TREND AT ITS JUNCTION PROPERTY, NEVADA
NR-17-14
December 12, 2017, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR), the "Company", or “VR”, is
pleased to announce the discovery of high grade, polymetallic copper -silver-gold sulphide mineralization
along a strike length of 6 kilometres at its Junction property in north -central Nevada, located some 50
kilometres north of its flagship Bonita copper-gold Property. Highlights of the Company’s surface
prospecting and mapping program at Junction include:
• High grade copper-silver-gold mineralization on surface at 29 different locations in two main areas
spanning a 6 kilometre strike length within a regional-scale shear zone.
• Of 99 surface grab samples collected for geochemistry from across the property:
o 47 samples contain greater than 1 % copper:
▪ Samples of tenorite-cuprite veins have up to 37.4% Cu, with 340 g/t Ag and 2.13 g/t Au.
▪ Samples of massive digenite-covelite-chalcopyrite veins contain up to 45.1% Cu, with
560 g/t Ag and 1.09 g/t Au.
o 17 samples contain greater than 100 g/t silver:
▪ Samples of massive cuprite-argentite veins contain up to 735 g/t Ag, with
36.2% Cu and 0.388 g/t Au.
o 32 samples contain greater than 1 g/t gold:
▪ Samples of quartz vein spatially associated with pegmatites contain up to 26.8 g/t Au
(0.78 oz/ton), with 14.4 g/t Ag and 0.06% Cu as disseminated sulphides within the veins.
o Very high statistical correlation coefficient (0.88) between copper and silver in 99 samples
• Continuity of copper, gold and silver enrichment in soil is evident along 1 kilometre of strike over
the western zone (grid = 307 samples on 16 lines; the eastern zone is yet to be covered).
o High temperature trace elements such as tungsten (W) demonstrate continuity between the
surface showings of copper-silver-gold sulphide mineralization.
• The Company has quadrupled the size of the property, to 70 claims covering 1446 acres (585 ha).
Copper-silver sulphide mineralization is related to quartz -feldspar pegmatite dykes and associated quartz
veins within biotite -hornblende orthogneiss which forms the northern extent of the northeast -trending,
regional-scale Ante lope shear zone which hosts the Ashdown moly -gold deposit located some 10
kilometres to the southwest of the Junction property. Copper-silver sulphide assemblages include digenite-
covellite-tenorite-argentite; chrysocolla is common, less so glassy limonit e and chalcopyrite . Sulphides
occur in both veins and blebs in pegmatite and quartz vein within and proximal to pegmatite. Quartz veins
have metre-scale iron carbonite alteration envelopes in pegmatite locally. More complete descriptions are
on the Junc tion project page on the Company’s website at www.vrr.ca . Maps of the geochemical data
highlighted above and field photos are included with this news release on the website www.vrr.ca/news .
Commenting on the news today, VR’s CEO Dr. Gunning reiterated: “ Simply stated, Junction has surpassed
our expectations. The consistent rock and mineral associations in nearly 30 different occurrences across 6
kilometres of strike speaks to a robust mineralizing system. The copper and silver mineral assemblages
highlight the unusual grade potential of this newly discovered trend. The occurrence within the Antelope
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
Shear Zone underscores a crustal -scale anchor to the orogenic -style, mesothermal veins at Junction ,
reinforced by the past -producing Ashdown mine to the southwest . To be clear, we view t hese collective
attributes at Junction as highly prospective and a material opportunity for the Company in 2018”.
VR plans to aggressively follow -up this discovery in 2018. VR is planning for a high resolution EM
geophysical survey over the property in Q1 2018 to map the sulphide system at Junction at depth, and to
evaluate and prioritize targets areas for potential first-pass diamond drilling.
As previously reported, plans are underway for follow -up drilling at the Company’s Bonita copper-gold
property in 2018, upon the recent completion of the 2017 fall program, for which the Company hopes to
have complete and final data to release in early January.
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 extensive exploration experience during the past three years
in northwestern Nevada at its nearby Bonita property.
The Junction property consists of 70 claims in two contiguous blocks covering 1,446 acres (585 hectares)
within an area of approximately 5 by 5 kilometres. The property is on land administered by the federal
Bureau of Land Management (BLM). No state or federal land use designations or privately -owned lands
impede access to the property, nor is the property within the BLM’s broadly defined area of proposed 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. The 15 core claims of the western block of the property were
acquired from a private company in August, 2017 (see terms in NR dated August 30, 2017); all other claims
were staked directly by VR.
Technical Information
Rock samples for geochemistry are submitted to the ALS Global facilities in Reno, Nevada, with final
analytical work completed at the ALS laboratories loca ted in Vancouver, BC., including ICP -MS analyses for
base metals and trace elements, and gold determination by atomic absorption assay.
Technical information for this news release has been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43 -101, and reviewed on behalf of the Company by Dr.
Michael Gunning P.Geo., a non-independent Qualified Person.
About VR Resources
VR Resources Ltd. ( “VR”) is a new listing in the junior exploration space (TSX .V: VRR; Frankfurt: 5VR). 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
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
private exploration company. VR is well financed for its exploration strategy, including first-pass drilling of
its core asset , the Bonita Property. VR owns its exploration assets outright, and will evaluate new
opportunities on an ongoing basis, whether by staking or acquisition.
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 Renmark Financial Communications Inc.
Email: [email protected] Barry Mire, Account Manager for VR:
Phone: 604-262-1104 E-mail: [email protected]
Tel.: (416) 644-2020 or (514) 939-3989
Website: www.renmarkfinancial.com
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 statem ents in this release include but are not limited to : plans to
aggressively follow up this discovery; plans for a high-resolution EM geophysical survey.
Although the Company b elieves 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 i nvestors 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 hig hly 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
Junction Property
Regional Setting
East
Block
West
Block
JUNCTION
5.5 % Cu
East Claim Block
West Claim Block
44.1 % Cu
6.6 % Cu
7.9 % Cu
8.8 % Cu
9.7 % Cu
5.7 % Cu
36.2 % Cu
9.3 % Cu
5.7 % Cu
6.2 % Cu
45.1 % Cu
46.2 % Cu
10.0 % Cu
12.4 % Cu
9.6 % Cu
18.7 % Cu
11.5 % Cu
4.0 % Cu
Junction Property
Rock Geochemistry: Silver
Property Boundary
Property Boundary
735 g/t
152 g/t
486 g/t
150 g/t
119 g/t
415 g/t
298 g/t
560 g/t
109 g/t
222 g/t
111 g/t
100 g/t
218 g/t
West Block East Block
43 g/t 88 g/t
63 g/t
119 g/t
Property Boundary
Property Boundary
26.8 g/t
2.13 g/t
2.35 g/t
9.71 g/t
3.89 g/t
2.13 g/t
3.16 g/t
2.62 g/t
1.38 g/t
1.96 g/t
13.55 g/t
1.57 g/t
West Block East Block
15.1 g/t
6.28 g/t
5.18 g/t
5.29 g/t
3.85 g/t
Junction Property
Rock Geochemistry: Gold
1.09 g/t
1.48 g/t
1.30 g/t
Junction Property
Soil Geochemistry: West Block