VR extends continuous REE mineralization at Hecla-Kilmer to over 500 metre vertical depth in Hole 13, starting at surface and ending in 2.84 % TREO with gold.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
VR extends continuous REE mineralization at Hecla-Kilmer to over 500 metre
vertical depth in Hole 13, starting at surface and ending in 2.84 % TREO with gold.
• Drill Hole HK22-013: 361 m @ 0.96 % TREO(1) of which 20% are PMREO(2) within
461 m @ 0.85 % TREO + 0.13% Nb2O5, starting at bedrock surface, and including:
o 39 m @ 2.01 % TREO within 66.6 m @ 1.57 % TREO with 20% as PMREO.
• The extended Hole to 504 metre depth ends with 2 m @ 2.84 % TREO and 1.1 g/t gold.
Gold increases with TREO grades, and is associated with REE mineralization in monazite.
NR-22-18
January 17, 2023 , Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the
"Company", or “VR”, is pleased to report results from the first of five drill holes completed last fall at its
Hecla-Kilmer project (“H -K”) and critical metal discovery located in Northern Ontario. Data from the
remaining drill holes are expected shortly.
Five drill holes were completed at Hecla- Kilmer in November, 2022, for 1,437m. The 21 drill holes
completed to date are shown on Figure 1.
The first drill hole completed in the fall program was an extension of Hole 13 completed in June from 330
to 504 metres. The composite stratigraphic column in Figure 2 provides new data to illustrate the
extension of the original 291 metre intersection to 461 metres. Salient features include:
• Mineralization starts at the bedrock surface, below an overburden of glacial till;
• Mineralization is continuous in nature, from bedrock surface to the end-of-hole at 504m;
• The REE mineralization remains open to depth, and is as strong as any REE interval higher in the
461 m intersection; there are no systematic changes down the hole in geology, density of
carbonatite dykes and veins or intensity of potassic alteration;
• There are 49 one metre samples with > 2% TREO, and they span the entire 504m hole;
• The proportion of the high value PMREO does not vary from the range of 17-22% of TREO;
• Gold mineralization at the bottom of the hole correlates with a corresponding increase in REE
mineralization, and is part of the same polymetallic fluid system.
Drill Core Photographs
A series of four drill core photographs of the high grade TREO mineralization from bedrock surface to 504
m depth in hole HK22 -013 follow Figure 2. They provide examples of the carbonatite dykes and vein
breccia mineralization and associated high temperature potassic alteration overprint present throughout
the entire 461 metre intersection. Grades are provided in each figure caption.
Significance
Scale. The potential of the polymetallic REE + Nb mineralization with gold at Hecla-Kilmer is leveraged by
scale, the sheer lateral breadth of the hydrothermal breccia system and high temperature potassic
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
alteration and the +500 metre vertical extent of REE mineralization intersected to date. The plan map in
Figure 2 provides the illustration:
1. There are now intersections with > 1% TREO including 19-22% PMREO in 11 of the first 17 holes;
2. There is continuous mineralization from bedrock surface to 504 m depth, and it remains open;
3. There is high grade mineralization in at least three separate areas which span 2.5 km of the complex.
PMREO Content. The consistent 17 – 22% proportion of TREO mineralization contributed by the PMREO’s
in the 461 metre intersection in Hole 13 , particularly praseodymium, neodymium and terbium are
comparable to, or exceeds their proportion in, existing global best of bree d REE mines at Bayan Obo in
China (the largest deposit) and at Mountain Pass in California (the highest grade deposit). For additional
comparison, published resources for most Canadian REE deposits in carbonatite generally contain
between 12-15% PMREO, which is roughly 40% lower than the proportion at Hecla-Kilmer.
PMREO are essential in the manufacturing of motors for electric vehicles and wind energy turbines, critical
components in the emerging green economy . The high price of the four PMREOs ( Neodymium,
Praseodymium, Dysprosium and Terbium) in world markets reflects the constraints on demand because
of the current global monopoly controlled by China. As such, the consistently elevated levels of these
high value PMREO elements within all of the mineralized drill intersections at Hecla- Kilmer highlight the
niche and value potential of the Hecla-Kilmer discovery in the context of known North American deposits,
and demand for new production going forward in response to the Green Economy.
Gold. Visible g old grains were first discovered at Hecla -Kilmer in the remnant fines of historic drill core
rubble found in an abandoned field camp. VR confirmed gold in the system in the second drill hole of the
project in 2020, with 15-184 ppb gold reported over several 10-40 metre intervals in drill hole HK20-002,
occurring in strongly altered porphyry dykes. The occurrence of 1.1 g/t gold over 2 m at the bottom of
Hole 13 in association with intense REE mineralization at 2.84 % TREO simply expands the potential of the
broad, polymetallic hydrothermal vein and breccia system at Hecla-Kilmer.
Next Steps P lanned for the Hecla-Kilmer Project in 2023
This REE critical metal discovery at H -K has progressed continuously since mineralization was first
intersected at surface in Hole 4 during the first reconnaissance program in October, 2020. Since then, VR
has expanded geochemical techniques to include anaylsis by lithium-borate fusion to optimize detection
of all REEs, and utilized QEMSCAN thin section analysis to characterize REE mineralogy. Going forward:
1. VR has commenced a study of drill core samples from Holes 13 and 15 using scanning electron
microprobe (SEM) to determine exactly which minerals host the high valu e magnet rare earth
elements. Results are anticipated this quarter, and work will be ongoing through 2023;
2. VR has initiated the scoping for concentration, metallurgy and mineral extraction studies using a
bulk sample obtained from core from a dedicated drill hole with a representative, broad
intersection of REE mineralization starting at surface. This work is planned for the first half of
2023, utilizing the world-class REE expertise at SGS Lakefield Laboratories in Ontario.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
Follow-up drilling is planned for the spring of 2023. It will focus on supporting the afore -mentioned
advanced-stage studies, and completing additional drill holes to evaluate the extent of mineralization
discovered in the central core and south rim of the complex.
The path forward for this emerging discovery is strengthened by its location, just 23 km to the west of the
provincial hydroelectric dam at Otter Rapids, with supporting and active Ontario Northern railroad and
Highway 634 infrastructure.
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 or Thunder Bay , 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 sample dup licates, blanks and certified reference
material (CRM) 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.
**
(1) TREO is the summation of Ce2O3 + La2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3
+ Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3.
(2) 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).
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 covering 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
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
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 greenfield’s opport unities 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 the 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 ongoing basis, 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
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 statements in this
release include those related to the compan y’s upcoming plans, such as “Data from the remaining drill
holes are expected shortly”, and “VR evaluates new opportunities on an ongoing basis.”
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, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
Figure 1. Locations of the 21 drill holes completed to date at Hecla-Kilmer, plotted on a contoured RTP magnetic
base map with superimposed 3D iso -shells from the MVI inversion . Key intersections for critical metal are
highlighted for the first 18 holes for which data are received, with data from four holes pending.
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. Graphic log for drill hole HK22- 013, completed to 330 m in June, 2022, and extended to
504m in October. The permanent magnet REO elements (PMREO: Nd, Pr, Tb, and Dy) are shown as a
cumulative proportion of total rare earth oxide (TREO) , and average 19% of the 0.81% TREO grade
over 461 m, with neodymium by far the most abundant of the four PMREO’s. Note the gold in
association with the increase in TREO mineralization and PMREO content at the bottom of the hole.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
Photo 1. Photograph of drill core from near bedrock surface at the top of drill hole HK20-004, located on the same
drill collar as Hole 13, showing altered magnetite needles with reaction rims of pyrite –pyrrhotite–iron carbonate
and bastnaesite (LREE) –pyrochlore ( Na,Ca)2Nb2O6(OH,F) in a matrix of apatite with calcite inclusions containing
monazite ( (Ce,La,Nd,Th)PO4), quartz and potassium feldspar. The magnetite -quartz-potassium feldspar
assemblage is a high temperature potassic alteration facies.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Tel: 778-731-9292; [email protected]
TSX.V: vrr www.vrr.ca
Photo 2. Photograph of drill core with 2.2% TREO and 19% P205 at 219m in drill hole HK22-013. Rare earth
element mineralization is amongst a myriad of carbonatite dykes (phoscorite and sovite) which themselves are
cut by fluorite-rich carbonate veins. Protolith alkaline igneous rocks are completely replaced by a potassic
alteration assemblage dominated by hydrothermal biotite.