VR Resources Outlines Large 3D Chargeability Anomaly at the Silverback Copper-Gold Project in Ontario
VR Resources Outlines Large 3D Chargeability Anomaly at the Silverback
Copper-Gold Project in Ontario
VANCOUVER, British Columbia, Dec. 19, 2024 -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the
"Company", or “VR”, has received the final, inverted data for the state-of-the-art, 3D array DCIP survey completed last month
on its Silverback copper-gold project located in Northwestern Ontario.
◾ A large, high amplitude chargeability anomaly is identified in the center of the project, central to the broadest part of the
main mafic - ultramafic body with nickel-chrome mineralization, as shown in Figure 1.
◦ Photo 1 shows copper-gold mineralization in a sheared and silicified mafic rock from a new showing discovered
in January 2023 that is in the northern part of the new chargeability anomaly. Similarly, there are fractures with
remobilized moly in gabbro in the southern part of this large chargeability anomaly.
◾ There are several additional chargeability anomalies to the west and northeast, also associated with edges of the mafic-
ultramafic body, and anchored by north-south structures with known copper-gold mineralization.
Figure 1 . Plan map of the Silverback 3D DCIP survey area with chargeability results as isoshells at 12.5 mV/V (orange) and
15 mV/V (red) with inferred shear-zones and margins of the nickel-mineralized mafic dykes and intrusions spanning the project
area. The survey straddles the northern margin of the Lac des Mille Lacs greenstone belt with the Marmion batholith on a deep
seated lithotectonic structures.
Initial Impressions. The dipole-dipole survey, with a 150m equant station grid array covered an area of 3,500 by 2,750 meters
over the centre of the project. Firstly. All the strong chargeability anomalies correlate with the edges of the mafic-ultramafic
body with copper-gold occurrences spanning some 4 km across the breadth of the property. But in addition, there is also a
clear structural control to the new anomalies: the large, central anomaly is anchored by a north-south shear-zone with
structural offsets evident on detailed airborne magnetic data obtained last winter, and the discreet anomalies that lie to the
west occur on a west-northwest trend that is subparallel to the greenstone belt contact in the southern part of the Marmion
terrane.
In summary, the new IP survey delineates chargeability anomalies at the intersection of mafic feeder dykes that are offset by
sinistral, north-south faults. The new chargeability anomalies are potentially the source for remobilized and concentrated
sulfide minerals on structure. Remobilized molybdenum is a crucial pathfinder metal for gold mineralization in the Hemlo gold
camp, and is commonly cited as evidence for an intrusion-related source of mineralization. The molybdenite occurrence shown
in Figure 1 in the southern part of the main chargeability anomaly at Silverback, and the porphyry unit with gold-bearing quartz-
carbonate veins located to the west (see Photo 1 of NR24- dated October 24 th) serve as important building blocks for this
evolving, integrated model for a large, polymetallic copper-gold system at Silverback.
From VR's CEO Justin Daley: “We designed the DCIP survey to help us target within a broad, 3 km trend of mineralization
that provides evidence for an intrusion-related gold-copper system at Silverback. In order to identify a central target, or
targets, hidden below cover at Silverback, we required a robust, modern geophysical tool to use along side strong, trace
element vectors of molybdenum and silver, and the new evidence for a gold mineralized porphyry dyke in drill hole 002 from
last spring. Once gain, Dias technology has delivered. The 1,200m long, oblate >15mV/V chargeability anomaly running right
up the centre of the property aligns perfectly with known high-grade gold occurrences and with important structures mapped on
surface and within our magnetic data.
As we spend more time working with the chargeability and resistivity results from this survey over the coming weeks, we look
forward to sharing detailed exploration targets and plans for drilling in 2025.”
Photo 1 . Remobilized copper, gold and silver mineralization occur in shear-hosted chalcopyrite and bornite with strong
silicification (pale areas around sulfides) in an amphibolite host. The sample is taken from an exploration trench situated above
the newly defined chargeability anomaly shown in Figure 1.
About the Silverback Project
The project now consists of 71 mineral claims in 1 contiguous block covering 4,442 hectares. The project is located on
Federal crown land, with mineral rights administered by the 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.
Technical Information
Surface grab samples and drill core samples were submitted for geochemical analysis to the AGAT laboratory in Thunder Bay,
Ontario. Drill core was logged, cut and sampled at the Holbik Exploration warehouse in Upsala, Ontario, with sample
preparation completed by AGAT in Thunder Bay alongside gold and PGE determination by atomic absorption assay. ICP-MS
analyses for base metals, whole rock, 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. The content of this news release has been reviewed on behalf of the Company by Justin
Daley, MSc, PGeo, President & CEO at VR, and a non-independent Qualified Person, oversees and/or participates in all
aspects of the Company’s mineral exploration projects.
About VR Resources Ltd.
VR is an established junior exploration company based in Vancouver (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR
evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada. VR
applies modern exploration technologies, in-house experience, and expertise in greenfields exploration to large-footprint
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
projects 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
For general information please use the following:
Website:
Email:
Phone:
www.vrr.ca
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 results, performance or
achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements
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share detailed exploration plans and plans for drilling in 2025, 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 the date of
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adjacent to and/or potentially similar to the Company’s mineral properties, but which the Company has no interest in nor rights
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