Vr Expands Bonita Property and Plans FOR 2019 Exploration ON the Porphyry Copper-GOLD System IN Nevada NR-19-03
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 EXPANDS BONITA PROPERTY AND PLANS FOR 2019 EXPLORATION
ON THE PORPHYRY COPPER-GOLD SYSTEM IN NEVADA
NR-19-03
February 13, 2019 , Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the
"Company", or “VR”, is pleased to provide an update on its large, Bonita porphyry copper-gold property
in Nevada. New claims were staked to expand the property to the south and west to cover n ew surface
copper showings . This area was mapped and sampled following the summer 2018 drill program
completed at the Hemco target in the northwestern part of the property (see News Release dated August
8, 2018). The Company will provide further updates for ongoing exploration at Bonita in 2019.
The new area of interest at Bonita is named Rattlesnake. A total of 36 new claims cover numerous clusters
of historic workings of copper-bearing specularite iron oxide vein breccia (Figure 1). Surface exploration
by VR at Rattlesnake included geological mapping, rock sampling (21) and soil sampling (94 samples on 5
lines). Copper and silver assays of surface grab samples are similar to those taken elsewhere throughout
the 5x7 km alteration footprint at Bonita (see grab sample map at http://www.vrr.ca).
Copper-bearing iron carbonate and iron oxide v ein breccias at Rattlesnake commonly extend upwards
into the folded volcanic and sedimentary units which are the host to the Bonita igneous complex and
porphyry system ( Photo 1). The most in tense chlorite alteration facies at Bonita occurs at Rattlesnake
(Figure 2). The alteration provides an exploration vector to the area north of the historic workings which
is under cover and previously unexplored.
The Bonita porphyry copper system has the potential to host one, or several porphyry copper stocks
within the overall 5x7 km hydrothermal footprint, based on comparison with other porphyry copper
camps of similar age and tectonic setting in western North America. The Company is planning for
additional ground-based IP geophysics and drilling in 2019 to advance and test this potential (Figure 3):
the current coverage of ground -based IP geophysics at Bonita will be expanded, including two
new lines at Rattlesnake;
additional drill holes are proposed at Copper Queen and Hemco in order to fully evaluate those
targets in the northern part of the property where drilling was initiated in 2017 and 2018;
new drill holes are proposed at four other key integrated targets in the Bonita system, namely:
Whiskey Bottle; Corral; Lori, and; Rattlesnake. As shown on Figure 3, IP geophysics is als o
proposed at all four areas, to improve vectoring for specific drill hole locations.
VR also continued through the summer and fall of 2018 is work towards a full Plan of Operations (POA)
permit from the BLM for the Hemco target area. While more drilling is still possible under the current
Notice of Intent permit (<5 acres disturbance), this initiative for a POA is strategic in nature, designed to
enable the Company to be ready to complete more detailed delineation drilling in the future. Work by an
independent, arms -length company which specializes in the base-line surveys required by the BLM is
ongoing. Two surveys are complete and filed with the BLM:
• Habitat Evaluation Report, a desktop analysis of habitats within the project area;
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
• Baseline Biological Survey, including Botanical Survey and Wildlife Survey, including Aerial Raptor
Survey.
The next and final survey required for completion of a Plan of Operations submittal is an archeological
survey. The Company has a survey and budget proposal in-hand for work this spring and summer, 2019.
Commenting on the news today, VR’s CEO Dr. Gunning stated: “Four years of exploration at Bonita have
unearthed a middle Jurassic porphyry copper -gold system that unifies showings of copper and gold -
bearing iron oxide breccia across a hydrothermal alteration footprint nearly 5x7 km’s in size. The work
this summer at Rattlesnake added another target to the system. The past-producing Yerington camp to the
south demonstrates the endowment of copper systems of this age in Nevada, and the Company continues to
believe in the unusual upside of owning 100% of a district -scale property like Bonita. We will look at all
strategic options to continue to advance the property in 2019; to complete the first pass drilling of the first
two targets at Copper Queen and Hemco, and fully test the remaining four. We look forward to providing
updates as plans unfold.”
Please see the Company’s website at www.vrr.ca for more complete information on the Bonita Property.
About the Bonita Property
The Bonita property is located in Humboldt County in northwestern Nevada, USA, approximately 200 km
northeast of Reno, and 75 km northwest of the town of Winnemucca. There is road access both to, and
within, the property, and there is railroad and powerline infrastructure approximately 20 kilometres to
the south. Bonita is located in desert-like basin and range affording nearly year-round work.
The Bonita property is large, consisting of one contiguous block of 381 claims covering 3,186 ha (7,872
acres), an area of approximately 5 x 6 kilometres. It is owned 100% by VR, free and clear of any interests
or royalties. It is on land administered by the BLM, and is outside of sage grouse protection.
The Bonita property encompasses a district of historic copper, gold and iron workings over an area of
about 4 x 5 kilometers. The showings occur within a district-scale hydrothermal system with a footprint
which spans 5 x 7 kilometers, as delineated by airborne magnetic and hyperspectral surveys, and refined
by detailed geological mapping. Alteration facies progress inwards from distal propyllitic to argillic, sodic,
and phyllic alteration, with silica-specularite and iron-carbonate – chlorite hydrothermal breccia bodies
(veins, dykes and plugs) at numerous locations.
VR has identified several large and specific exploration targets for porphyry copper-gold mineralization at
Bonita over the past four years of exploration. They are based on the integration of geological mapping,
mineral alteration vectors, rock and soil geochemical anomalies, and gravity, magnetic and resistivity
geophysical anomalies. Integrated exploration targets represent the potential to discov er not just one,
but a cluster of buried, porphyry copper stocks and/or breccia pipes which give rise to the various historic
surface workings of copper-gold veins, and copper-gold bearing iron oxide hydrothermal breccias.
Bonita is a mafic, alkaline, polyphase middle Jurassic batholith that is the same age as the past-producing
Yerington porphyry copper camp located some 150 kilometers to the south , in west-central Nevada. VR
completed an independent NI 43 -101 compliant Technical Report in January, 2017 , and first-pass drill
programs in September, 2017 and June, 2018.
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
Technical Information
Summary technical and geological information on the Company’s various properties is available at the
Company’s website at www.vrr.ca.
VR submits all surface grab samples and/or drill core samples collect for geochemical analysis to the ALS
Global (‘ALS”) laboratory in Reno, Nevada. Analytical work is completed 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 and/or participates in all aspects of the Company’s mineral
exploration projects. 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 focused on greenfields opportunities in copper and gold
(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. VR owns its properties outright, and evaluates 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
Email: [email protected]
Phone: 604-262-1104
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
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 nature,
refer to future events. Forward looking statements in this release include but are not limited to: The Bonita porphyry
copper system has the potent ial to host one, or several porphyry copper stocks ; The Company is planning for
additional ground-based IP geophysics and drilling in 2019.
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 forward- looking statements by the
Company are not guarantees of future perf ormance, 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. Satellite image of Bonita Property, Nevada. Shown are historic surface workings for copper and gold, and
surface occurrences of hydrothermal iron oxide breccia mapped by VR.
Legend
Hydrothermal Iron-
Oxide Breccia
Historic Cu-Au Working
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
Photo 1. Iron carbonate and iron oxide vein breccia in a folded limestone succession into which the Bonita igneous
complex and porphyry hydrothermal system was emplaced.
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. Select data and aerial coverage from a fixed wing, airborne Hyperspectral survey flown over the entire
Bonita Property. Evident are the intense clay alteration facies at Hemco where VR commenced reconnaissance
drilling in 2017, and the chlorite alteration facies north of the historic workings at Rattlesnake.
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. Map of the Bonita property, Nevada, showing completed and planned IP geophysical lines and diamond
drill holes. The colour-shaded outlines highlight the main integrated exploration target areas within the overall
hydrothermal footprint at Bonita, based on geological mapping, geochemistry and geophysics.