VR intersects 317 m at 0.77% CuEq starting at surface, above 419 m of 0.48% CuEq, in 881 m drill hole of continuous polymetallic stockwork veining at New Boston Porphyry-Skarn project, Nevada. 0.77% CuEq* over 317m starting at surface;
VR Resources Ltd.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C 1T2
VR intersects 317 m at 0.77% CuEq starting at surface, above 419 m of
0.48% CuEq, in 881 m drill hole of continuous polymetallic stockwork
veining at New Boston Porphyry-Skarn project, Nevada.
0.77% CuEq* over 317m starting at surface;
0.48% CuEq* over 419 m starting at 460 m, including:
0.98% CuEq* over 31 m at 604 m in diorite porphyry intrusion and skarn, and;
33.4 % CuEq* on 1.48% WO3, 0.32% Cu & 427 g/t Ag in a two metre interval in
garnet marble skarn at 535m, above the diorite porphyry;
0.35 % CuEq* over 7 m incl. mineralized granite porphyry at 858 m at bottom of hole.
Vancouver, BC – August 26, 2026 – VR Resources Limited (“VR” or the “Company”, TSX.V: VRR, FSE: 5VR;
OTCQB: VRRCF) is pleased to announce geochemical results from drill hole NB26 -003 completed through
continuous veining with sulfide to 881m depth (2,892 ft) in the western part of its New Boston moly -copper-
tungsten-silver-zinc porphyry-skarn mineral system located just off Highway 95 in west-central Nevada.
From Dr. Michael Gunning, Chief Executive Officer of the Company, “The new data from NB26 -003 show us
nearly continuous mineralization in moly, copper, tungsten, silver and zinc in complex and intense polyphase
veining that is continuous across 2,892 ft of drill core, and starts with 3.95% CuEq* at surface (see Photo 1).
Moly-tungsten mineralization with copper characterizes the upper 317 m mineral interval at 0.77% CuEq*, and
copper-moly mineralization characterizes the 419 m interval at 0.48% CuEq* below, which is centered on a
mineralized diorite porphyry intrusion at 0.98% CuEq* that is a new and important discovery for the New Boston
porphyry-skarn system overall.
New Boston is a polymetallic mineral system. Tungsten mineralization starts at surface and is present to 550
m depth, with sample values up to 2.3%. There is moly across 2,892 ft of drill core, with sample values up to
1.0%. Copper mineralization is nearly continuous and strengthens down-hole, with sample values up to 0.73%.
Silver is present across the 2.1 km strike of sheeted veins on surface at New Boston (see Figure 1), and there
is low grade silver throughout NB26-003, with values up to 830 g/t over 1m in high grade skarn zones.
Alteration, veining and mineralization effects all rock types in the drill hole, from top to bottom , and the system
is open at depth . NB26-003 was ended at 881 m because the hole was unstable; there is copper and moly
mineralization at the bottom of the hole in a strengthening potassic alteration facies (Photo 14).
Drill hole NB26-003 demonstrates a kilometer-scale vertical dimension to the polymetallic mineral system at
New Boston, to match the 2.1 km strike of mineralized sheeted veins exposed on surface.
Drill hole NB26-003 is literally a handful of kilometers away from state highway, grid power and rail infrastructure
(see panoramic field photo in Figure 1).
Permitted drill sites are shown in Figure 2. They are amongst a network of historic drill roads and trails visible
in Figure 1, and will facilitate cost-effective follow-up drilling planned for the NB26-003 discovery.
There is current exploration on tungsten systems of similar geologic age and setting nearby to the southeast at
Pilot Mountain, and in southwest Idaho in the Thompson creek camp. New Boston stands out for its polymetallic
composition, with critical metals in moly, copper, silver and zinc in addition to tungsten, all on the Strategic
Metals list in Washington where the political focus is on domestic critical -metal supply and resilience. We look
forward to providing further details as we advance on the results achieved in this drill hole.”
Figure 1. New Boston has scale. Sheeted dykes and sheeted and stockwork veins with tungsten, moly, copper and silver are exposed
on surface over an east-west strike length of more than 3km. Yellow text highlights, for example, silver content in surface grab samples
of veins by VR. Conductivity anomalies at East Zone were drilled by VR in 2024. Co-spatial conductivity - IP chargeability anomalies at
Jeep Mine shown in Figures 2 & 3 were the target for NB26-003 completed in June, 2026. Local infrastructure is strong at New Boston.
Table 1. Summary of mineral intervals, drill hole NB26-003+.
Hole
From
(m)
To
(m) Length (m) CuEq* (%) Cu (%) MoS2 (%) WO3 (%) Ag (g/t)
NB26-003 0 317 317 0.77 0.04 0.11 0.02 1.5
including 40 124 84 1.78 0.03 0.18 0.07 1.4
NB26-003 460 879 419 0.48 0.07 0.05 0.01 3.8
including 528 544 16 4.52 0.04 0.01 0.20 53.9
also including 535 537 2 33.43 0.32 0.00 1.48 427
including 561 691 130 0.44 0.11 0.10 0.00 2.5
and also including 604 635 31 0.98 0.19 0.27 0.00 3.6
including 858 865 7 0.35 0.08 0.05 0.01 2.0
+ The two broad mineral intervals defined in Table 1 are qualitative, based on integrated analytics on geology, geochemistry and hyperspectral mineral data,
but they are subjective in nature and do not imply grade or thickness. They are used to underscore broad zonation in metals and mineral alteration as described
in the previous and following sections, and they provide context for variations observed in the continuous polyphase veining through the 881 m drill hole. There
is no unaltered drill core in NB26 -003; drill core in between the two broad mineral zones has equally intense veining and alteration as the mineral zones
themselves, but carries less sulfide.
* Copper Equivalent ("CuEq") is a mathematical compositional average for a single sample, or sample interval, based on comparative metal prices . It is used
in polymetallic systems for illustrative purposes only; the calculation is not economic in nature. For example, it does not consider metal recovery, and assumes
the same recovery for all metals. By convention, the equivalence reported here uses metal prices d iscounted from current, at market and/or near-term metal
prices. Metal prices used in the calculation include a tungsten price of US$1900/MTU, a molybdenum price of US$20.00/lb, a copper price of US$4.50/lb and
a silver price of US$35.00/Oz, according to the formula: CuEq (%) = Cu (%) + [ MoS₂ (%) × 0.5994 × 22.0462 × US$20.00 + Ag (g/t) ÷ 31.1035 × US$35.00
+ WO₃ (%) × US$1,900 ] ÷ ( 22.0462 × US$4.50 ).
Geologic Context for Polymetallic Mineralization and Broad Mineral Intervals
Near-Surface. The drill core rubble shown in Photo 1 from the anchor hole for the drill on the pad was sampled
and it carries 3.95% CuEq* on 0. 43% MoS2, 0.09% Cu, 0.14% W O3, 4.0 g/t Ag, consistent with the 317 m
interval at 0.77% CuEq* at the top of the hole, starting at surface, with up to 0.5% Cu with 29g/t Ag at 65 m,
0.42 % WO3 at 96 m, and 0.27% Cu with 56 g/t Ag at 186m in individual one metre samples.
Vertical Extent. NB26-003 did not see the bottom of the mineral system. There is 0.36% CuEq* over 7 m at
858 m associated with a sulfide -bearing granite porphyry (Kqbp) shown in Photo 13. Further below, near the
bottom of the hole, there is 0.1% Cu, 0.09% MoS2, 3.2 g/t Ag at 876 m, in a high temperature, Mg-rich dolomitized
wollastonite marble with a high intensity of sub-vertical veinlet streams of hydrothermal k-spar with vein margins
of clinopyroxene and magnetite, similar to that shown at 865 m in Photo 14. That sample is 877 m below the
anchor hole sample at surface carrying 3.95% CuEq*.
Porphyry intrusions. There are no less than 21 occurrences of variably mineralized porphyry intrusions in NB26-
003 (see log Figure 4). First appearance is at 2.7 m depth, and last appearance is 865 metres below at 868 m,
just 13 m from the bottom of the hole. Quartz monzonite / dacite porphyry is dominant in the upper part of the
hole, diorite porphyry in the middle of the hole, and biotite granite porphyry in the lower part of the hole.
The mineralized diorite porphyry intrusion at 610 m is a new and important discovery for the New Boston skarn
and porphyry mineral system overall. It is not evident on surface, and not shown on historic maps or data
compilations. It is sulfide laden, as disseminated grains and sinuous sulfide veinlets. It carries 0.98% CuEq*
over 31m which includes local marble breccia zones, with up to 1.58% MoS2 and 0.4% Cu in one-metre sample
intervals in the dyke interior (see Photo 6) and 0.5% Cu and 0.18% MoS2 and 11 g/t Ag for 1.52% CuEq* over
one metre at the lower contact.
The 31 m diorite porphyry is central to a broader zone of 130 m at 0.44% CuEq*, including mineralized country
rock both above and below the intrusion. Marble breccia cemented by sulfide at 650 m in the lower part of the
interval contains one metre samples with up to 0.73% Cu, 0.38% MoS2, 0.13% Zn and 16 g/t Ag.
A similar porphyry phase at 572 m with a heavy dissemination and vein-style sulfide content carrying 0.18% Cu
and 3.6 g/t Ag is shown in Photo 5.
High grade skarn mineralization adjacent to diorite porphyry . The high-crystallinity white marble and garnet
skarn above the diorite porphyry hosts a one-metre sample interval of 2.85% WO3, 0.62% Cu and 830 g/t Ag
at 535 m that is not unique in context or character to marble skarn developed throughout the upper two thirds
of the hole, and on surface more generally where grades of this magnitude are evident in grab samples from
across the 3 to 4 km strike of the system. The potential of this interval directly, or potentially others like it within
the overall IP chargeability envelope will be a focus of follow-up drilling.
Lateral extent. For lateral extent potential of the mineralization in NB26-003, the following points are relevant:
1. The 12 mV/v IP chargeability envelope shown in Figure 2 is in the order of 1,000 m across, and NB26-003
is the only deep hole with complete mineral data in that volume that the Company is aware of.
2. There is along-strike potential for the 317 m interval of 0.77 % CuEq* starting at surface. This mineralization
is associated with quartz -garnet stockwork veining in quartz monzonite / dacite porphyry sills in limestone
and interbedded tuffaceous siltstone that are continuous for some 750 m along strike to the east (Photo 2).
3. Drill holes 2,100 m to the east of NB26 -003 at East Zone (see Figures 1 & 2) carry 319 ft @ 0.14% Cu in
NB-1 (1967), 0.24% Cu over 284 ft starting at surface in PNB005C (2010), and 117.6m at 0.10% Cu and
98m at 0.12% Cu in separate limestone skarn intervals in VR’s NB24-002 in 2024. Based on the new results
from NB26-003, VR will re -assay the pulps from NB24 -002 using the sodium peroxide fusion method in
order to determine an accurate polymetallic grade including Mo, W a nd Zn, in addition to Cu and Ag.
Description of Information in News Release
Photos 1 through 14 appended to the end of the news release provide an illustration of vein, alteration and
mineralization styles in drill core from surface to 865 m depth. Polyphase veining is continuous through 2,892 ft
of drill core, with an array of geometries, compositions and textures. There is no unaltered drill core in NB26 -
003; drill core in between the two broad mineral intervals defined in Table 1 has equally inte nse veining and
alteration as the mineral zones themselves, but carries less sulfide (e.g. see garnet and pyroxene in spectral
alteration log in Figure 4).
The data in Table 1 and Figure 4 are the product of state-of-the-art geochemical techniques at ALS G lobal
facilities, utilizing fusion by sodium peroxide and chemical analysis by ultra - trace level detection by ICP -MS
and ICP-ES methods, providing an accurate picture of the polymetallic composition and grade potential at New
Boston for the first time in its 60-year exploration history.
Long-wavelength (LWIR) and short-wavelength (SWIR) hyperspectral scanning was completed over the 2,892
ft of drill core at the industry-leading imaging facility of TerraCore Geospectral in Reno , NV, to map alteration
minerals and model vertical zonation, as illustrated in Figure 4. The data are yet to be fully processed, but the
impact is already obvious. For example, preliminary data for the lower 30 m of the hole indicate hydrothermal
veins are cored by potassium feldspar and rimmed by clinopyroxene and magnetite, suggesting that even after
881 m of continuous veining, copper and moly’ mineralization is occurring in a strengthening high temperature
potassic alteration.
Context for Drill Targeting
The target for NB26 -003 is new, the result of new technology in the 3D -array ground DCIP survey com pleted
by VR in 2023. The co-spatial IP chargeability and conductivity anomalies shown in Figures 2 and 3 were not
previously recognized nor drilled during the sporadic historic exploration at New Boston over the past 60 years.
For exploration best practi ce and ongoing improvement towards the 2026 spring drill program, the inversion
models for the state -of-the-art 3D -array DCIP geophysical survey completed in 2023 at New Boston were
reviewed in January during the AME Mineral Exploration Conference in Vancouver with the team at Dias
Geophysical, a leading provider of geophysical services . Co-spatial and steeply plunging conductivity and IP
chargeability anomalies at Jeep Mine were more precisely defined, and subsequently better understood for drill
testing as the potential vein and sulfide center of the overall skarn and porphyry system exposed over a 3-4 km
strike on surface at New Boston.
Conductivity anomalies at East Zone identified in that same 2023 DCIP survey were drill tested in 2024 in the
first leg of VR’s first-pass drilling at New Boston. Copper and silver mineralization were intersected in continuous
and intense stockwork veining in more than 1,500 ft of drill core in Hole 002 . The drilling in 2026 into the heart
of the IP chargeability a nomaly and coincident conductivity at Jeep Mine hopes to build upon those results in
terms of the polymetallic grade potential of polyphase, stockwork veins with moly’ and tungsten mineralization
in addition to copper and silver.
Drill hole NB26-003 is th e first deep hole with complete data that the Company is aware of into the southern
flank of the Jeep Mine hill during the past 60 of sporadic exploration at New Boston. Initial drilling from 1967
through 1979 established and delineated the overall charact er and footprint of the mineral system at New
Boston, but was reconnaissance in nature, with widely -spaced holes from East Zone bowl through to the
northern flank of Jeep Mine hill, and including distal skarns at Blue Ribbon along strike to the west. In 2026,
NB26-003 provides a new glimpse into both the vertical scale of the mineral system exposed on surface , its
polymetallic grade potential in moly, copper, tungsten, silver and zinc , and the presence of any number of
mineralized porphyry intrusions hypothesized but not identified during historic exploration programs.
Figure 2. Drill trace for hole NB26-003 on a plan map of the 3D-array DCIP geophysical survey completed at New Boston in 2023. Shown
are IP iso-shells on a conductivity base map, 200 m depth slice . Chargeability values at the Jeep Mine range from 15 –21 mV/V. Blue
circles are permitted drill sites. Line H-H’ is the transect line for the conductivity profile shown in Figure 3 below. Mineralized sheeted
veins strike for 2,100 m east-west across Jeep Mine through East Zone (see photo in Figure 1).
Figure 3. Profile for drill hole NB26-003, completed at -75 towards 145 azimuth, with end-of-hole at 2,892 ft (881 m). There are no less
than 21 porphyry sills and/or dykes in the drill hole, shown by the coloured disks . Compositions include quartz monzonite / dacite
porphyry, diorite porphyry and biotite granite porphyry. Host rock is limestone (marble) and lesser tuffaceous siltstone of the Triassic
Luning formation. Shown are iso-shells for IP chargeability and conductivity anomalies from 3D-array DCIP survey completed by VR in
2023 and shown in plan view in Figure 2.
Figure 4. Composite strip log with downhole lithology, copper, tungsten and molybdenum geochemistry, alongside LWIR and SWIR
spectral classifications of key alteration and skarn minerals. A spectral domain classification computed through waveform tessellation
uses abrupt changes in TerraCore’s spectral data backed by lithogeochemistry to identify unique zones of alteration ranging from high-
temperature hornfels-altered siltstones and garnet-altered limestone in the upper hole, to intense dolimitization in the lower part of
the hole, including around the copper-rich diorite porphyry at 610 m. Of note is that many hydrothermal alteration assemblages are
obscured by a Tertiary hydrothermal argillic overprint related to nearby volcanism.
Photo 1. Core rubble sampled from the anchor hole sunk at the drill collar site and outcrop shown in the upper photo for drill hole
NB26-003. Note weathered copper sulfide in vein core above pen in photo of quartz-garnet vein stockwork in dark grey but completely
recrystallized marble. Results from geochemical analysis by sodium peroxide fusion on drill core rubble are: 3.95% CuEq* on 0.43%
MoS2, 0.09% Cu, 0.14% WO3, 4.0 g/t Ag.
Photo 2. Quartz-garnet-copper-moly sulfide veins in white, high crystallinity marble on the GW ridgeline in between Jeep Mine and
East Zone shown in Figures 1 and 2. This outcrop is approximately 750 m to the east of NB26-003, and demonstrates the potential
strike extent of the upper interval of 317 m at 0.77% CuEq* starting from surface.