VR Resources Expands Empire Property and Reports Copper – Gold – PGE Mineralization NR-24-19
VR Resources Ltd.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
VR Resources Expands Empire Property and
Reports Copper – Gold – PGE Mineralization
NR-24-19
September 24, 2024, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR , FSE: 5VR; OTCBB: VRRCF ), the
"Company", or “ VR”, is pleased to report results of work done to date on the expanded Empire property in
northern Ontario and lays out plans for 3D DCIP survey on the Wildwood target.
The Empire property consists of five previously unexplored, kilometer- scale magnetic targets including Rye, Rush,
Westwood, Trewartha and Macron, with the recent focus on Westwood ( Figure 1 ). The initial discovery of
mineralization at Empire was in follow up to 95 th percentile palladium in lake sediment anomalies from Ontario
Geological Survey (the “OGS”) regional sampling, proximal to magnetic anomalies and a boulder train of mafic rocks.
Work to date on the Westwood target is shown in Figure 2 and includes:
• An average from three grab samples with chalcopyrite-pyrrhotite mineralization exposed near the Trans
Canada gives 0.14 g/t gold, 0.54 g/t PGEs, and 0.17% Cu; sulfide textures are shown in Photo 1.
• Up to 5 ppb Pd and 108 ppm Cu in lake sediment samples directly above magnetic and conductor anomalies.
• Detailed magnetic survey showing strong layering in reversals in the first vertical derivative,
• A large DIGEM conductor coincident with trend of magmatic layering seen in outcrop and magnetics;
the reported grab sample assays are from the very southern margin of the conductor.
Figure 1. Empire property map on a regional GSC magnetic basemap, flown at 805m line spacing in the 1960s. Also shown are
OGS lake sediment sample locations with elevated palladium. Overlain, is a detailed TMI magnetic survey completed over
Westwood in the winter of 2023. The yellow star is the location of the samples near HWY 17 with copper-gold-PGE mineralization.
From VR’s CEO Justin Daley: " Finding new mineralization near the Trans Canada Highway is always exciting. I’ll be
on a plane tonight to visit Empire, and look forward to getting on the ground to advance the story.
While investigating gold and Pd anomalies from OGS lake sediments, Holbik Exploration confirmed a sanukitoid
intrusion with magmatic sulfide segregations containing copper, gold, and PGE on the highway. T hese targets are
inferred as Archean intrusions similar in age and composition to the Lac des Ille PGE mine nearby, but with
remobilized gold on a SW-trending structure intersecting Agnico Eagle’s Hammond Reef gold deposit. All magnetic
targets on the Empire property are covered by 5-10m of glacial till, requiring modern geophysical and geochemical
methods to fully explore, which we aim to initiate soon.”
VR Resources Ltd.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
Figure 2. Westwood is the first of 5 targets to be tested within the Empire project (see Figure 1). It has strong gold-copper-PGE
mineralization in a layered mafic intrusion that is evident on this recent, 1VD magnetic basemap. An outline of DIGEM
conductors identified in 2023 is coincident with strong magnetic trends, with the only known exposure of the intrusion at its
southwestern margin that is exposed along the highway. Planned 3D array IP receiver lines are also shown covering the entire
target area.
Technical Information
Surface grab samples and lake sediment samples were submitted for geochemical analysis to the AGAT laboratory
in Thunder Bay, Ontario. Sample preparation is completed in Thunder Bay alongside gold and PGE determination by
atomic absorption assay. ICP-MS analyses for base metals and trace elements is performed at AGAT’s laboratory in
Calgary, AB. Analytical results are subject to industry -standard and NI 43-101 compliant QAQC sample procedures,
including the systematic insertion of sample duplicates, blanks and certified reference material (CRM) done both
externally and internally at the laboratory by AGAT, as described by AGAT.
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., President & CEO at VR and a non -
independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration
VR Resources Ltd.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
projects, and t he content of this news release has been reviewed on behalf of the Company by the Executive
Chairman, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person.
Photo 1. Sample from the southern margin of the 2km long conductor shown in Figure 2. The pegmatoidal rock texture contains
disseminated pyrrhotite and chalcopyrite. The high magnesium content of these rocks is characteristic of ‘sanukitoid’, which is
an important class of intrusive rock for mineral deposits in the Archean.
About the Empire Property
The Properties now consists of 313 mineral claims in 1 contiguous blocks covering 10,254 hectares. The Properties
are located on Federal crown land, with mineral rights administered by the provincial Ontario Ministry of Mines.
There is a 2% net smelter royalty on the claims. There are no annual payments, but the Ministry requires certain
annual exploration expenditures and reporting (ie. mineral assessment reports) in order to maintain a mineral
claim in good standing. The Properties falls within the Lac de Mille Lac First Nation traditional territories.
About VR Resources
VR is an established junior exploration company based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF).
VR evaluates, explores and advances large-scale, blue-sky opportunities in copper, gold and critical metals in
Nevada, USA, and Ontario, Canada, and more recently, Canada’s newest discovery of a diamond-bearing kimberlite
pipe at its Northway project. VR applies modern exploration technologies and leverages in-house experience and
expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The
foundation of VR is the proven track record of its Board in early-stage exploration, discovery and M&A. The
Company is financed for its mineral exploration 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:
“Justin Daley”
Justin Daley, MSc, P.Geo
President & CEO
VR Resources Ltd.
1500 – 409 Granville St.
Vancouver, BC, Canada, V6C1T2
For general information please use the following:
Website: www.vrr.ca
Email: [email protected]
Phone: 778-731-9292
Forward Looking Statements
This news release contains statements that constitute "forward -looking statements". Such forward looking
statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual
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document include statements concerning VR’s plans for near-term exploration on the newly acquired properties this
fall, and all other statements that are not statements of historical fact.
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The forward-looking information contained in this news release represents the expectations of the Company as of
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which are adjacent to and/or potentially similar to the Company’s mineral properties, but which the Company has
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necessarily indicative of mineral deposits on the Company’s properties.
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