VR Extends H-K Critical Metal/REE Discovery to Over 1,000 Metres
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
VR Extends H-K Critical Metal/REE Discovery to Over 1,000 Metres
Reports new 152 and 255 metre long intersections of critical metals and REE’s;
Outlines anomalous gold mineralization in 6 of 9 holes;
Completes drone magnetic survey in preparation for follow up drilling this winter
NR-21-25
December 8, 2021, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR , FSE: 5VR; OTC QB: VRRCF ), the
"Company", or “VR”, is pleased to provide new geochemical data for the remaining 4 drill holes from the
five-hole program completed in October at its Hecla-Kilmer (“H-K”) project in northern Ontario.
Critical Metals
Figure 1, appended to the end of this NR, shows the locations and key intersections for the nine drill holes
completed to date at H-K. Supporting data are summarized in Table 1 on the following page herein.
In addition to the 49 metre intersection of rare earth oxides (“REO”) and critical metals starting at surface
in Hole 2 (NR-21-08; March 11, 2021), and the 299 metre intersection in Hole 5 and reported last month
in NR-21-22, there are two new , broad intersections o f rare metal mineralization to report from the
recently completed drill campaign at H-K which extend the system to more than 1,000 m in length:
Hole HK2 1-008: 120 m @ 0.52% Total rare earth oxide s (TREO(1)) starting at 237 m, within a
broader interval of 255 m @ 0.16% Nb205 from 125 m based on calibrated XRF data, including:
o 35m @ 0.42% TREO and 0.18% Nb2O5 from 144 m;
o 11m @ 0.71% TREO and 0.41% Nb2O5 from 324 m;
Hole HK21-009: 152 m @ 0.54% Total rare earth oxides (TREO(1)) starting at 120 m, and including:
o 9 m @ 0.97% TREO and 0.18% Nb2O5 from 120 m;
o 4 m @ 1.75% TREO and 0.34% Nb2O5 from 243 m;
Figure 2 shows the graphic logs for niobium mineralization in Holes 002, 004, 005 and 008, along an
oblique plane through the 3D MVI magnetic inversion model for H-K. For reference, the MVI anomaly is
shown in contour form on the plan map in Figure 1. Note that not all drill holes were sampled continuously
for geochemistry; the XRF data is, however, continuous for every hole, and calibrated with geochemistry.
Figure 3 shows an atlas of drill core photographs of textures and mineralogy through the 255 m etre
intersection of REE – Nb mineralization, with gold, in Hole 008. The mineralization is hosted in sulfide -
bearing carbonatite dykes (phoscorite), fluorite -carbonate vein breccia and hydrothermal breccia
containing apatite (REE’s) and pyrochlore (niobium). Host rocks in Holes 4, 5, 8 and 9 shown in Figure 1
are completely overprinted/replaced by a high temperature, calc-potassic alteration assemblage which
starts at surface and includes magnetite, biotite, amphibole and pyrite.
Gold
The analytical detection limit for gold in geochemical data for H-K is 5 ppb. As shown in Figure 4, there is
now evidence for hydrothermal gold elevated above background in six of nine drill holes assayed to date
at Hecla Kilmer. Gold occurs over appreciable intervals in two holes:
Hole HK21-006: 56 m @ 22 ppb gold, including 0.52 g/t gold over 1.02 m;
Hole HK20-002: 53 m @ 16 ppb gold, with up to 184 ppb gold.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Table 1: REE and Critical Metal Intersections
Drill hole Released From
(m)
To
(m)
Length
(m)
TREO(1)
(%)
MHREO(2)
(%) MH-T(3) Li2O
(ppm)
Nb2O5
(%)
Ta2O5
(ppm)
ThO2
(ppm)
HK21-008 New 144 179 35 0.42 0.03 9.1% 176 0.18 14.6 111
New 237 357 120 0.58 0.04 8.2% 101 0.20 21.6 147
including New 305 342 37 0.74 0.05 7.6% 89 0.32 36.9 229
including New 324 335 11 0.79 0.05 6.6% 108 0.41 49.7 269
HK21-009 New 88 95 7 1.02 0.09 10.7% 507 0.13 22.0 152
New 120 272.15 152.15 0.54 0.05 10.1% 340 0.09 14.2 110
including New 120 129 9 0.97 0.09 9.2% 407 0.18 15.1 181
including New 196 202 6 0.91 0.08 8.5% 420 0.07 11.0 380
including New 242 262 20 0.80 0.07 10.0% 345 0.15 27.5 148
including New 243 247 4 1.75 0.15 8.9% 318 0.34 58.0 386
HK21-005 NR-21-22 52 351.53 299.53 0.47 0.04 8.6% 94 0.18 23.8 135
including NR-21-22 80.75 318.21 237.46 0.49 0.04 8.2% 91 0.20 27.3 149
including NR-21-22 152 180 28 0.80 0.08 9.7% 72 0.17 26.5 252
including NR-21-22 156 159 3 1.70 0.18 10.3% 52 0.08 16.1 562
including NR-21-22 183 238 55 0.44 0.03 7.5% 106 0.23 25.4 123
including NR-21-22 186 190 4 0.61 0.04 6.9% 114 0.42 28.2 159
including NR-21-22 275 306 31 0.61 0.04 6.0% 102 0.31 33.4 215
including NR-21-22 299 306 7 0.86 0.06 6.6% 90 0.42 45.5 330
HK20-002 NR-21-17 159.60 183 23.4 0.63 0.06 9.9% 427 0.05 8.3 152
NR-21-17 553 606 53.00 0.51 0.05 9.1% 130 0.12 17.1 390
including NR-21-17 566.65 585 18.35 0.67 0.07 9.4% 114
0.14 18.8 548
HK20-004 NR-21-20 40.30 98.40 58.10 0.38 0.04 11% 107 0.15 25.37 155
including NR-21-20 57 60.21 3.21 1.44 0.15 10% 119 0.17 25.20 438
including NR-21-20 67.23 78 10.77 0.35 0.04 11% 82 0.27 50.12 259
(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) MH-T is MHREO divided by TREO, expressed as a percent.
The drill holes with appreciable gold are highlighted in Figure 4, and geochemical strip logs are shown in
Figure 5. Note the strong correlation of gold, REE and lithium mineralization in Hole 9. Overall, gold-
bearing fluids at H -K are always related to the same pervasively altered nepheline s yenite porphyry
intrusive unit that is related to the REE + Nb mineralization. Both styles of mineralization appear to be
controlled by large structures which accommodated the emplacement of the multiphase igneous complex
itself, and the evolving hydrothermal breccia system associated with it (see Figure 4).
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
As shown in the drill core photos in Figure 6 , fluorite and apatite are commonly associated with
carbonatite dykes and calcite veins in the broad intervals of REE + Nb mineralization with gold , and they
are a consistent attribute of the evolved hydrothermal fluid and breccia system at H -K, with the apatite
accounting for phosphorous contents of up to 7.5% in geochemical data obtained to date.
Comment from the CEO on “What’s Next” for H-K
From VR’s CEO, Dr. Michael Gunning, “Well, the stage is certainly now set for the most compelling drill
program yet at H-K, planned for this upcoming winter. The discovery of these broad intersections of critical
metals with locally elevated gold provide a clear indication for the potential of the large and ultra-high
temperature hydrothermal breccia system discovered last year when our drilling at H-K began.
All of our geochemical data are now in hand. We continue to work with the XRF data, including a
proprietary AI analysis which will integrate the geochemical data with mineral and density data from XRF,
and magnetic, structural, lithologic and alteration data from logging to enhance our targeting for the next
phase of drilling.
The drone (UAV) magnetic survey flown by Pioneer Exploration, Saskatoon, produced a very high resolution
of data because of a much tighter flight-line spacing of 25 m, a lower “tree-top” flight altitude of just 30
metres above ground, and a computerized flight control paired with a new, very high sensitivity potassium-
vapour magnetometer. The current survey extends well beyond the area shown in Figure 4, and is being
expanded this winter to cover the entire multi-phase complex at H-K because its utility is already apparent
for mapping the primary intrusive phases, alteration, and the structures related to gold-bearing fluids.
Our drilling at H -K is ear ly stage, yet the new data for h oles six to nine only reconfirm what we learned
from the first five holes, namely the poly-metallic nature of the hyd rothermal breccia and alteration
system at H -K. F our different styles of mineralization are already evident : 1. REE + Nb in veined and
brecciated carbonatite dykes (Holes 2, 4, 5, 8 and 9 ); 2. lithium mineralization in hydrothermal breccia
(Holes 2 and 9) ; 3. copper sulfide in veinlets with iron and silica (Hole 2), and; 4. elevated hydrothermal
gold related to syenite porphyry dykes (Holes 2, 6, 8 and 9).
The significance of the elevated gold reported herein is not the grade, but the lateral and vertical extent
to which it is present within the large-footprint hydrothermal breccia system at H-K. The reader is referred
to NR-20-08 dated June 18th, 2020, for photographs of magnetite-copper-fluorite veins and replacement
breccia in core from the historic 1970 drill holes located around the periphery of the complex, and gold
grains retrieved from drill core rubble. The first nine holes complete d by VR some 50 years later provide
new data to confirm this potential for copper and gold, and importantly, modern geological data to better
understand and explore for this style of mineralization across the entire complex.
We look forward to providing further updates as we formulate plans for drilling this winter. The objectives
are set and the potential is clear: 1. test the structures which control the broad zones of REE + Nb
mineralization with gold in the northern part of the complex for higher grades, and; 2. complete additional
reconnaissance drilling on the larger magnetic anomaly located 2 – 3 kilometres to the southeast, on the
southern margin of the complex , to evaluate all four styles of mineralization discovered to date . To be
certain, we have only just started to understand the controls of the mineralization in the northern magnetic
anomaly, and the remainder of this large and multiphase complex at H-K has yet to be drill-tested, period.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Background
Hecla-Kilmer (“H-K”) is a large and multiphase alkaline intrusive complex with carbonatite which is
4 – 6 km in diameter. It is 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.
A shallow, six -hole diamond drill program was completed in 1970 as part of a regional base metal
exploration program by Ashland Oil and Elgin Petroleum. One hole was abandoned, and a scant 854 m
were completed in total in the other five holes, all on magnetic highs in the outer concentric zones of the
complex. No geochemical sampling or data are reported. Selco Exploration Company completed two drill
holes in 1981 on peripheral magnetic highs as part of a regional diamond exploration p rogram; they
intersected ultra-basic rocks and breccias peripheral to the outer, concentric zones of the multiphase H-K
complex. A regional airborne magnetic survey covering H -K was completed in 1993 for diamond
exploration, after the early drilling at H -K; it provides high resolution detail of a concentrically zoned
magnetic anomaly at H-K.
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 had an independent, 3 -D inversion of both magnetic and
EM data completed for improved modelin g. Finally, a 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.
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 submitted all drill core for GeologicAI XRF and SWIR scanning and selected 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 externally by the Company and internally at
the laboratory as described by ALS. Samples from HK20-002 reported on July 22nd, 2021 were sent to SGS
Canada Inc. with a comparable procedure and analysis, as described in previous news releases.
XRF geochemical data has been calibrated against all samples submitted for assay from both drill programs
and are statistically consistent with laboratory certified results and internal QAQC procedures. Sawn drill
core samples were assayed based on early XRF results and observed mineralization features. Geochemical
analysis of the H-K drill core library is on-going.
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., Exploration Manager and Chief
Geologist at VR and a non-independent Qualified Person oversees and/or participates in all aspects of the
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
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 35 k m southwest of the Company’s Ranoke property in northern
Ontario. It 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 along the northern Trans-Canada Highway located some 100 km to the south.
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. There is an
industry-standard royalty attached to the property, including a buy-back provision in favour of VR.
Like the Ranoke property, H-K 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 copper and gold
(TSX.V: VRR; Frankfurt: 5VR; OTC QB: VRRCF). VR is the continuance of 4 years of active exploration in
Nevada by a Vancouver -based private company. The diverse experience and proven track record of its
Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on
underexplored, large-footprint mineral systems in the western United States and Canada, and is well
financed for its exploration strategies and corporate obligations. VR owns its properties outright, and
evaluates new opportunities on an ongoing basis, whether by staking or acquisition.
The Company continues its normal course of business in 2021 within the framework of modified
exploration programs in response to the COVID -19 pandemic, with the goal of ensuring the health and
safety of staff and project personnel.
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.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
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, 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 companies upcoming plans, such as “We look forward to providing
further updates as we formulate plans for drilling planned for this upcoming winter ”, and “VR evaluates
new opportunities on an ongoing basis, whether by staking or acquisition.”
This news release contains statements and/or information with respe ct 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: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Figure 1. Key intersections and drill collar locations for the nine drill holes completed by VR at H-K in 2020 and
2021, plotted on an RTP magnetic base map. Shown in contours are the main magnetic anomalies from the 3D MVI
inversion model of the magnetic data. Shown in shaded outline is the 3.5 mGal residual gravity anomaly derived
from the ground-based gravity survey completed in March, 2021. Drilling in 2021 tested the gravity anomaly, to
augment the drilling in 2020 which targeted parts of the MVI magnetic anomalies.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR; www.vrr.ca
Figure 2. 3D MVI model section along NNE trend through drill holes HK20-002 and 004 (see Figure 1), and also
showing data for hole HK21-005 and 008. Hole 5 is heading out of the section plane and towards the view of the
reader. Alteration intensity remains strong in the central portion of Hole 4 where mineralization drops off.
Coloured data along the drill trace represent percent Nb2O5 by geochemical assay, with the black bar chart
showing percent Nb2O5 by XRF analysis, which is calibrated to assay and correlates strongly.