VR identifies 3.5 mGal gravity anomaly at its Hecla-Kilmer property in Northern Ontario, and planning is now underway for Phase II follow-up drilling in September. NR-21-11
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 identifies 3.5 mGal gravity anomaly at its Hecla-Kilmer property in Northern
Ontario, and planning is now underway for Phase II follow-up drilling in September.
NR-21-11
May 5, 2021, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company",
or “VR”, is pleased to announce that it has received the final data for the detailed, ground -based gravity
survey carried out in March over the multi-phase carbonatite complex on its Hecla -Kilmer property (“H-
K”) located in Northern Ontario.
The result is obvious; the intervals of copper, gold and critical metal mineralization intersected last fall by
VR are located on the eastern margin of a large and high amplitude gravity anomaly. The Company is now
planning for Phase II , follow-up drilling in September to test the new anomaly for the heart of the REE-
bearing, IOCG hydrothermal breccia system discovered at H-K in 2020.
The Anomaly; Figure 1 and Figure 2.
Large: 400 x 800m in size;
High amplitude: 3.5 mGal contrast to surrounding rock of the H-K complex;
Robust: 55 stations of recorded high density, with no gaps, within the boundaries of the
3.5 mGal anomaly;
Structural Control: Sharp boundaries define a rhombohedral anomaly shape with the geometry of a
Riedel transtensional structural complex;
Magnetic High: Correlates with large MVI magnetic inversion anomaly within the H-K complex.
Correlation to previous Drill Intersections; Photo 1 and Photo 2.
As shown in Figure 2, the new gravity anomaly is believed to represent the heart of the mineralization
discovered last fall when VR intersected a hydrothermal breccia and high temperature sulfide alteration
system which comes to surface on the eastern margin of the new gravity anomaly. The mineralized breccia
system has more than 600 m of continuous vertical extent in two drill holes, HK20 -002 and 004 (see NR
dated Dec. 17, 2020). As shown in Photo 1, the intersections contain intervals of copper sulfide and REE
mineralization with critical metals. These intersections have high density profiles in XRF scans completed
for each dill hole, in their entirety (see NR dated March 11, 2021), and thus provide a direct link between
the gravity anomaly and the Cu-Au-REE mineralization.
The new gravity anomaly is also believed to be the source of th e g old grains and copper -gold
mineralization in sulfide in iron oxide breccia shown in Photo 2, taken of drill core rubble obtained in the
field from the historic camp site of the cursory drill campaign at H-K in 1970, for which only six holes were
completed, all < 150m in length, and none assayed . Importantly, however, with regard to the source of
the core rubble in Photo 2, two of the drill holes were located on the northern and southern margin of
the new gravity anomaly, respectively, as shown in Figure 2.
Phase II drilling in September
Drilling planned for the upcoming fall season in 2021 will pursue the obvious vectors shown in Figure 2 ,
testing the center of new gravity anomaly for the heart of a large IOCG mineral system. The gravity
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
anomaly can be tested, for the most- part, from drill sites identified on the Company’s existing MENDM
drill permit, and further, from the actual drill pads for Holes HK20-002 and 004 completed last year.
Summary of the Gravity Survey; Figure 3.
The gravity survey is detailed (Figure 3). It covers an area of approximately 1.5 x 3.5 km’s, with 597 stations
completed in total; 573 on an equant grid station spacing of 100 metres , and 24 done on a 50 m infill
pattern covering the main anomaly after it had been outlined by completion of the main grid.
Overall, t he survey was designed to cover the main RTP magnetic boundaries within the large and
concentrically zoned, 4 x 6 km multi-phase carbonatite complex at H -K, and to cover the main MVI
anomaly derived from the 3D inversion completed by VR in 2020 of the 1993 airborne magnetic data.
Figure 1 shows the strong correlation between the magnetic survey and the new gravity data:
- The large gravity low in blue in the southern part of the survey grid shown in Figure 1 correlates
with the magnetic low shown in Figure 3 and associated with the large syenite body that forms
the core of the multi-phase and concentrically zoned carbonatite complex at H-K.
- The large gravity high in Figure 1, the pink anomaly, is directly coincident with the 3D magnetic
inversion anomaly (“MVI”) in the northern part of the complex (see 3D model in NR dated
September 24, 2020) . The MVI anomalies at H -K are attributed to the formation and/or
destruction of magnetite during hydrothermal alteration and brecciation which occurred along
the margins of the large syenite body that forms the core of the H-K complex.
Comment
From VR’s CEO Dr. Michael Gunning: “We simply could not have asked for a better execution of the survey
in the field by Geophysics GPR International, nor for more definitive results in the final data.
It is convincing to see such a large number of field station data points within the anomaly , together with
the robust nature of the anomaly itself , including its large size, sharp boundaries and high contrast to
surrounding host rock. But it is the location of the anomaly that is perhaps even more compelling. It is
immediately west of the 600 m drill intersections from last fall of hydrothermal breccia and sulfide in a
high temperature potassic alteration facies which literally comes to surface on the eastern margin of this
newly defined gravity anomaly.
Indeed, we believe that the gravity anomaly is the center of the mineral system that produced the REE and
critical metal mineralization in those intersections, and further, is the source of the copper and gold
retrieved from the pile of core rubble from the camp site of the cursory, historic drill program completed
in 1970, before the discovery of Olympic Dam, and before the development of the IOCG mineral deposit
model and exploration target for Proterozoic copper-gold-REE hydrothermal breccia systems. We believe
we have the very heart of that target-type in front of us now at H-K, and we plan to test it in September.
We continue to balance our exploration ambitions with a rigor and awareness towards the safety of any
personnel on our exploration projects during the COVID -19 pand emic, and look forward to providing
further updates as our program at Hecla-Kilmer advances to Phase II follow-up drilling.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [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.
For the Hecla-Kilmer project, VR submits drill core for Minalyze XRF scanning and sawn drill core samples
for geochemical assay to the SGS Canada Inc. (“SGS”) laboratory facilities in Sudbury, Ontario, with final
geochemical analytical work done at the SGS laboratory located in Burnaby, BC., including ICP -MS and
ICP-AES 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 proce dures
externally by the Company and internally at the laboratory, as described by SGS.
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
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 Hecla-Kilmer
The Hecla-Kilmer complex is located 35 kms southwest of the Company’s Ranoke property in northern
Ontario. It is located 23 km’s 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’s to the south.
The H-K property is large. It consists of 224 mineral claims in one contiguous block approximately 6 x 7
km’s 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 to VR.
Like the Ranoke property, H-K is located on provincial crown land, with mineral rights administered by the
provincial Ontario Ministry of Energy, Northern Development and Mines (MENDM). There are no annual
payments, but the MENDM requires certain annual exploration expenditures and reporting. The property
falls within the Moose Cree and Taykwa Tagamou First Nations traditional territories.
Hecla-Kilmer (“H-K”) is a multi-phase alkaline intrusive complex with carbonatite approximately 4 x 6 km’s
in size and emplaced along the western margin of the crustal- scale Kapuskasing structural zone which
bisects the Archean Superior Craton in northern Ontario. The opportunity for VR is to apply modern IOCG
and carbonatite mineral deposit models and exploration technolo gies to H -K for the first time, ever. 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 only 854 m were
completed in total in 5 holes, all on magnetic highs in the outer concentric zones of the complex. Selco
Exploration Company completed two drill holes in 1981 on peripheral magnetic highs as part of a regional
diamond exploration program, and intersected ultra -basic rocks an d breccias in the outer, concentric
zones of the multi-phase H-K complex. A high resolution airborne magnetic survey was completed in the
region for diamond exploration in 1993, after the afore-mentioned drilling.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
About VR Resources
VR is an established junior exploration company focused on greenfields opportunities in copper and gold
(TSX.V: VRR; Frankfurt: 5VR; OTCBB: 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.
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 contai ns forward -looking statements. Forward- looking statements are typically
identified by words such as: believe, expect, plans, anticipates, intends, estimate, 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: “The Company is now planning for Phase II follow-up drilling in September
to test the new anomaly for the heart of the REE- bearing, IOCG hydrothermal breccia system …”, and …
“VR evaluates new opportunities on an ongoing basis, whether by staking or acquisition.”
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 or rights to explore. Readers are cautioned that mineral deposits on adjacent
or 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 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.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
Figure 1. Plan map of the ground-based gravity survey completed at the Hecla-Kilmer property in March 2020,
overlain on the RTP airborne magnetic map covering the property and shown in Figure 3.
The large and high amplitude gravity anomaly in pink is shown in detail in Figure 2 . The large gravity low shown in
blue is coincident with a syenite intrusion which forms the core to the multi-phase and concentrically zoned
carbonatite complex at H-K.
Also shown on this map are the four drill holes completed by VR in October, 2020. Drill H oles 2 and 4 located on
the eastern margin of the new gravity anomaly contained intersections of high density copper sulfide and rare
earth element (REE) mineralization that is shown in the drill core photos in Photo 1 ; the new the gravity anomaly
shown here is believed to be the heart of that IOCG-affinity mineralization and hydrothermal brecciation.
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. Detail of the 3.5 mGal gravity anomaly shown in Figure 1. The white lines delineate the R iedel
transtensional structural geometry of the gravity anomaly boundaries.
Shown are the four diamond drill holes completed by VR in 2020, for which photos of high density mineralization
in Hole 2 located on the eastern margin of the gravity anomaly are shown in Photo 1 on the following page.
Three short drill holes from a cursory six-hole program in 1970 are also shown on this map. Two holes are located
on the southern and northern margin of the new gravity anomaly, respectively. The gravity anomaly is the target
for the source of the gold and copper mineralization obtained from the field in a pile of core rubble at the historic
camp site for the 1970 program, as shown in Photo 2.
The yellow arrows on this map show the obvious vectors for following up the historic copper and gold
mineralization at H-K, and the high density copper and REE mineralization intersected in 2020 by VR; Phase II
drilling is planned for this September to test the 400 x 800 m, 3.5mGal gravity anomaly.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
Photograph 1. High density copper sulfide and REE mineralization in drill hole HK20-002 completed in 2020 on the
eastern margin of the new gravity anomaly shown in Figure 2. High density was determined by XRF scanning of
the complete drill hole. Upper Photo: wholesale replacement of host rock at 334 m hole depth by hematite,
carbonate, apatite, chalcopyrite and pyrite. The top row has 0.12% copper and a density of 3.46 g/cm3 compared
to a background of 2.9 g/cm3 typical for the hole. This type of alteration exemplifies copper deposition by IOCG -
affinity fluids and cross cuts the intensely potassic-altered sovite carbonate-fluorite dykes in the bottom two rows
or core. Lower Photo: intense potassic alteration overprint of hydrothermal breccia and sovite and phonolite
dykes, with numerous fluorite-carbonate veins. Intersection of critical mineral and REE mineralization of > 20
metres starting at 574m depth contains: up to 0.56 % combined La2O3, Ce2O3, Y2O3; elevated thorium up to 0.15
% ThO2; elevated niobium up to 0.13 % Nb2O5; up to 33.7 ppm terbium, a heavy REE. The REE’s are contained in
minerals including monazite, bastnaesite, fluorapatite and pyrochlore.
VR RESOURCES LTD.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
Tel: 604-262-1104; [email protected]
TSX.V: VRR: www.vrr.ca
Photograph 2. Gold grains and copper-gold mineralization in iron oxide breccia obtained from a pile of drill core
rubble in the field at the camp site for the cursory historic drill program in 1970. The gravity anomaly shown in
Figure 2 is believed to be the source of this mineralization, and the heart of the REE-bearing IOCG hydrothermal
breccia system intersected by VR in 2020 and shown in Photograph 1.