VR expands its land position covering anomalies around its Northway kimberlite diatreme breccia and diamond discovery in northern Ontario. NR-23-21
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
VR expands its land position covering anomalies around its Northway
kimberlite diatreme breccia and diamond discovery in northern Ontario.
NR-23-21
October 24 , 2023, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR ; OTCQB: VRRCF ), the
"Company", or “VR”, has expanded the number of claims covering an array of magnetic anomalies around
its Northway kimberlite diatreme breccia property and diamond discovery in northern Ontario.
Figure 1. Location of the new Northway properties relative to local, provincial and national infrastructure.
The Northway strategy is now district -scale. VR now owns 1,567 claims in 16 separate claim blocks
covering a total of 32,238 ha . All of the claims are owned 100% by VR. The strategy is expanded based
on the three reconnaissance drill holes completed into the diatreme breccia pipe complex at Northway,
most importantly:
1. Composition. The breccia is consistent with a kimberlitic diatreme sourced in a diamond-stable
region of the upper mantle based on the composition of numerous different minerals, including
high-Mg chromite, phlogopite and richterite, and;
2. Diamonds. There is evidence for diamond fertility , with clear, inclusion free and transparent
fragments of larger diamonds in three different intervals within the breccia pipe complex.
VR began to stake and/or acquire claims covering magnetic anomalies around Northway in December,
2022. Based on the results from Northway, the anomalies almost certainly represent a new and previously
unexplored field of kimberlite pipes in the northern Superior Craton in northern Ontario. The field is 300
km to the south of the past-producing Victor diamond mine at Attawapiskat on James Bay.
Figure 2. Location is important. It facilitates cost-effective exploration at Northway and the surrounding
targets, and it provides important infrastructure necessary for any potential development in the future:
1. All of the prop erties are proximal to the active Ontario Northern railroad servicing northern
Ontario; Northway itself is just 11 km to the west of the line;
2. Exploration can be based out of Otter Rapids, a hydroelectric facility on the provincial grid, with
road access from Highway 634;
3. The properties are at, or near the southern extent of the Paleozoic Hudson carbonate shelf,
lessening the amount of sedimentary cover on top of inferred pipes as compared to farther north.
From VR’s CEO, Dr. Michael Gunning, “Simply put, the three reconnaissance drill holes answered the two
key questions necessary for advancing a diamond exploration strategy around the breccia pipe discovery
at Northway, namely: 1. Is it the right composition for diamond stability in the kimberlite source area, and;
2. Is there evidence for diamonds? VR has now secured the land to advance that strategy, and the premise
is well established: more targets within a field of kimberlite pipes simply increases the odds of discovering
a pipe with economic diamonds.
The permitting process for our various exploration projects in the region with the Ontario Ministry of Mines
starting in 2018 has been both transparent and efficient. It includes consultation with the Moose Cree and
Taykwa Tagamou First Nations, which has been open and constructive. We will initiate the permit process
for the field of new targets this fall, and it will be similar in scope to that for Hecla-Kilmer and Northway.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
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 to the Saskatchewan Research Council through Geoanalytical Laboratories
Diamond Services located in Saskatoon Saskatchewan (the “SRC”) in roughly 8 kg aliquot samples for
sodium hydroxide dissolution and fusion. Residue and microdiamonds are sieved down to 75 microns,
weighed, and assessed for colour, clarity and shape. Analytical results are subject to industry -standard
and NI 43-101 compliant QAQC sample procedures, including the systematic insertion of tracer diamonds
into each sample ahead of caustic fusion at the laboratory by the SRC. The SRC is an independent mineral
processing facility which is accredited to the ISO/IEC 17025:2017 standard by the Standards Council of
Canada as a testing laboratory for specific tests.
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 and/or partici pates 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 Northway Property and Project
The Northway property is located in northern Ontario. It is approximately 1 2 km northeast of the
Company’s REE critical metal discovery at its Hecla-Kilmer project.
Exploration is based out of a camp at the hydroelectric facility at Otter Rapids located about 50 km to the
southeast of Northway. Provincial Highway 634 provides road access to Otter Rapids from Smooth Rock
Falls, located at the junction of HWY 634 with the Trans-Canada Highway. The property itself is just 15 km
west of the Ontario Northern railway (ONR) which provides service to the communities on James Bay.
The nearest town is Moosonee, located on tidewater at James Bay some 125 km to the north. Kapuskasing
is about the same distance to the southwest, located on the Trans-Canada Highway (Provincial HWY 11).
The Northway property is large; it now consists of 1,367 contiguous claims in a single block 4 x 7 km in
size covering 28,129 ha. Also, there are 200 additional claims covering an array of magnetic anomalies in
15 separate properties around Northway and proximal to the ONR railway line. The district-scale package
now comprises 1,567 claims in total in 16 separate claim blocks covering a total of 32,238 ha within an
area of 50 x 70 km overall.
All of the properties are owned 100% by VR. There are no underlying payments or interests, and certain
claims retain a royalty to the vendor.
Northway is located on 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.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
About VR Resources
VR is an established junior exploration company based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB:
VRRCF). VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada,
USA, and Ontario, Canada, and most recently, a kimberlite breccia pipe discovery in northern Ontario. VR
applies modern exploration technologies and leverages in-house experience and expertise in greenfields
exploration to large-footprint mineral systems in underexplored are as/districts. The foundation of VR is
the proven track record of its Board in early-stage exploration, discovery and M&A. The Company is well-
financed for its mineral exploration and corporate obligations. 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: 778-731-9292
Forward Looking Statements
This news release contains statements that constitute "forward -looking statements". Such forward looking
statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual
results, performance or achievements, or developments in the industry to differ materially from the anticipated
results, performance or achievements expressed or implied by such forward- looking statements. Forward -looking
statements are statements that are not historical facts and are generally, but not always, identified by the words
"expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions,
or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this
document include statements concerning VR’s expectations concerning the Hecla -Kilmer property and all other
statements that are not statements of historical fact.
Although the Company believes the forward-looking information contained in this news release is reasonable based
on information available on the date hereof, by their nature forward-looking statements involve assumptions, known
and unknown risks, uncertainties and other factors which may cause our actual results, performance or
achievements, or other future events, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and
uncertainties associated with general economic conditions; the Covid- 19 pandemic; adverse industry events; future
legislative and regulatory developments in the mining sector; the Company ’s ability to access sufficient capital from
internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and
markets in Canada and generally; the ability of the Company to implement its business strategies; competition; and
other assumptions, risks and uncertainties.
The forward-looking information contained in this news release represents the expectations of the Company as of
the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
importance on forward- looking information and should not rely upon this information as of any other date. While
the company may elect to, it does not undertake to update this information at any particular time except as required
in accordance with applicable laws.
This news release may also contain 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.
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.sedarplus.ca and readers are urged to review them.
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, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
Figure 1. Location of the Northway group of claims relative to local, provincial and national
infrastructure in northern Ontario.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
Figure 2. Location of the Northway group of claims relative to local infrastructure at Otter rapids in
northern Ontario, and also regional geology; the claims are near the southern limit of the Paleozoic
Hudson carbonate shelf, such that sedimentary cover is thin compared to farther north.