Vr Resources Approves Summer Drill Program at Bonita Copper-GOLD Property, Nevada NR-17-08
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: vrr; www.vrr.ca
VR RESOURCES APPROVES SUMMER DRILL PROGRAM AT
BONITA COPPER-GOLD PROPERTY, NEVADA
NR-17-08
July 13 , 2017, Vancouver, B.C.: VR Resources Ltd . (TSX.V: VRR, FSE: 5VR), the "Company", or “VR”, is
pleased to announce that all three critical pieces are in place for a summer drill program on it’s Bonita
copper-gold property in Humboldt County, Nevada:
Board of Directors approval for a 3,000 metre diamond drill program;
Drill permit approved by the federal Bureau of Land Management (BLM), Nevada;
Services agreement executed with Boart Longyear Company to carry out a 3,000 m diamond drill
program.
The Company has just completed a field visit with Boart Longy ear Company to the planned drill sites at
Bonita. Specific logistical planning for the drill program is now underway ; start-up is targeted for early
August, and the program is anticipated to take two to three months to complete.
The initial plan is to complete at least one drill hole in each of four priority targets within the district-scale
copper-gold porphyry hydrothermal system at Bonita. There are eight specific, robust exploration targets
for porphyry copper -gold mineralization at Bonita, based on the integration of geological mapping,
mineral alteration vectors, rock and soil geochemical anomalies, and gravity and magnetic geophysical
anomalies (see “Exploration Targets Map” at www.vrr.ca ). The recent Induced Polarization (IP) survey by
VR produced well defined chargeability anomalies at seven of the eight target areas (see “IP Targets map”,
and previous News Release dated June 21, 2017, at www.vrr.ca ); the drill holes this summer will test
specifically the IP chargeability anomalies.
The Bonita property continues to be the primary focus of the Company’s copper-gold exploration strategy
in Nevada. The current drill program is the culmination of some 2 ½ years of surface exploration and
targeting at the Bonita property. The property is large, encompassing a district of historic copper, gold
and iron workings (see “satellite image” under Bonita Property at www.vrr.ca). The workings are unified
by a single , district -scale porphyry hydrothermal system with a large, mapp able alteration footprint
covering the entire property, within which copper sulfide and gold mineralization has been sampled at
surface by VR over an area of about 4 x 5 kilometres.
About the Bonita Property
The Bonita property is located in Humboldt County in northwestern Nevada, USA, approximately 200 km
northeast of Reno, and 75 km northwest of the town of Winnemucca.
The Bonita property is large, consisting of one contiguous block of 429 claims totaling 3,586 ha (8,862
acres), covering an area of approximately 5 x 6 kilometres (see satellite-based image at www.vrr.ca ).
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: vrr; www.vrr.ca
The property was acquired by staking, and is owned 100% by VR, f ree and clear of any interests or
royalties. There are no government- required exploration expenditures . VR has conducted successive
exploration programs at Bonita over the past 2 ½ years (see “work programs summary” at www.vrr.ca).
There is very good road access both to, and within , the Bonita property , with railroad and powerline
infrastructure located approximately 20 kilometres to the south. Bonita is located in desert-like basin and
range physiography, affording nearly year-round working conditions. Vegetation is sparse, and there are
no towns or settlements near the property.
Technical information for this news release has been prepared in accordance with the Canadian regulatory
requirements set out in National Instrum ent 43 -101, and reviewed on behalf of the Company by Dr.
Michael Gunning P.Geo., a non-independent Qualified Person.
About VR Resources
VR Resources Ltd. (“VR”) is a new listing in the junior exploration space (TSX.V: VRR; Frankfurt: 5VR). The
diverse experience and proven track record of its Board in early -stage exploration and discovery is the
foundation of VR. The Company is focused on discovering and delineating large deposits in the western
United States. VR is the continuance of 4 years of active exploration in Nevada by a Vancouver -based
private exploration company . VR is well financed for a two year exploration strategy already in -place,
including first-pass drilling of its core asset, the Bonita Property. VR owns its exploration assets outright,
and will evaluate new opportunities on an ongoing basis, whether by staking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Michael H. Gunning”
________________________
Michael H. Gunning, PhD, PGeo
President & CEO
For general information please use the following:
Website: www.vrr.ca Renmark Financial Communications Inc.
Email: [email protected] Barry Mire, Account Manager for VR:
Phone: 604-262-1104 E-mail: [email protected]
Tel.: (416) 644-2020 or (514) 939-3989
Website: www.renmarkfinancial.com
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 are those which,
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: vrr; www.vrr.ca
by their nature, refer to future events. Forward looking statements in this release include but are not limited to
references to a two-year exploration strategy; first-pass drilling of its core asset and the acquisition of new assets.
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 forwa rd-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.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: vrr; www.vrr.ca
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
Tel: 604-262-1104; [email protected]
TSX.V: vrr; www.vrr.ca