VR DISCOVERS HIGH GRADE COPPER-SILVER-GOLD
MINERALIZATION ALONG 6,000 METRE TREND AT ITS JUNCTION
PROPERTY, NEVADA
NR-17-14
Vancouver, B.C. -- December 12, 2017 -- InvestorsHub NewsWire --
VR Resources Ltd. (TSX.V: VRR, FSE: 5VR), the
"Company", or "VR", is pleased to announce the discovery of high
grade, polymetallic copper-silver-gold sulphide mineralization
along a strike length of 6 kilometres at its Junction property in
north-central Nevada, located some 50 kilometres north of its
flagship Bonita copper-gold Property. Highlights of the Company's
surface prospecting and mapping program at Junction include:
- High grade copper-silver-gold mineralization on surface at
29 different locations in two main areas spanning
a 6 kilometre strike length within a
regional-scale shear zone.
- Of 99 surface grab samples collected for
geochemistry from across the property:
- 47 samples contain greater than 1 % copper:
- Samples of tenorite-cuprite veins have up to 37.4% Cu, with 340
g/t Ag and 2.13 g/t Au.
- Samples of massive digenite-covelite-chalcopyrite veins contain
up to 45.1% Cu, with
560 g/t Ag and 1.09 g/t Au.
- 17 samples contain greater than 100 g/t silver:
- Samples of massive cuprite-argentite veins contain up to 735
g/t Ag, with
36.2% Cu and 0.388 g/t Au.
- 32 samples contain greater than 1 g/t gold:
- Samples of quartz vein spatially associated with pegmatites
contain up to 26.8 g/t Au (0.78 oz/ton), with 14.4 g/t Ag and 0.06%
Cu as disseminated sulphides within the veins.
- Very high statistical correlation coefficient (0.88) between
copper and silver in 99 samples
- Continuity of copper, gold and silver enrichment in soil is
evident along 1 kilometre of strike over the western zone (grid =
307 samples on 16 lines; the eastern zone is yet to be covered).
- High temperature trace elements such as tungsten (W)
demonstrate continuity between the surface showings of
copper-silver-gold sulphide mineralization.
- The Company has quadrupled the size of the
property, to 70 claims covering 1446 acres (585 ha).
Copper-silver sulphide mineralization is related to
quartz-feldspar pegmatite dykes and associated quartz veins within
biotite-hornblende orthogneiss which forms the northern extent of
the northeast-trending, regional-scale Antelope shear zone which
hosts the Ashdown moly-gold deposit located some 10 kilometres to
the southwest of the Junction property. Copper-silver sulphide
assemblages include digenite-covellite-tenorite-argentite;
chrysocolla is common, less so glassy limonite and chalcopyrite.
Sulphides occur in both veins and blebs in pegmatite and quartz
vein within and proximal to pegmatite. Quartz veins have
metre-scale iron carbonite alteration envelopes in pegmatite
locally. More complete descriptions are on the Junction project
page on the Company's website at www.vrr.ca . Maps of the geochemical
data highlighted above and field photos are included with this news
release on the website www.vrr.ca/news .
Commenting on the news today, VR's CEO Dr. Gunning reiterated:
"Simply stated, Junction has surpassed our expectations. The
consistent rock and mineral associations in nearly 30 different
occurrences across 6 kilometres of strike speaks to a
robust mineralizing system. The copper and silver
mineral assemblages highlight the unusual grade potential of this
newly discovered trend. The occurrence within the Antelope Shear
Zone underscores a crustal-scale anchor to the orogenic-style,
mesothermal veins at Junction, reinforced by the past-producing
Ashdown mine to the southwest. To be clear, we view these
collective attributes at Junction as highly prospective and a
material opportunity for the Company in 2018".
VR plans to aggressively follow-up this discovery in 2018. VR is
planning for a high resolution EM geophysical survey over the
property in Q1 2018 to map the sulphide system at Junction at
depth, and to evaluate and prioritize targets areas for potential
first-pass diamond drilling.
As previously reported, plans are underway for follow-up
drilling at the Company's Bonita copper-gold property in 2018, upon
the recent completion of the 2017 fall program, for which the
Company hopes to have complete and final data to release in early
January.
About The Junction Property
The Junction property is located in Humboldt County, near the
Nevada Oregon border, immediately east of Highway 140. The nearby
town of Denio Junction is less than 6 kilometres to the north, and
facilitates effective and cost-efficient field exploration
programs. The Company has expertise to leverage and synergies to
exploit at Junction by applying its extensive exploration
experience during the past three years in northwestern Nevada at
its nearby Bonita property.
The Junction property consists of 70 claims in two contiguous
blocks covering 1,446 acres (585 hectares) within an area of
approximately 5 by 5 kilometres. The property is on land
administered by the federal Bureau of Land Management (BLM). No
state or federal land use designations or privately-owned lands
impede access to the property, nor is the property within the BLM's
broadly defined area of proposed sage grouse protection.
The property is owned 100% by VR, registered to the Company's
wholly-owned, Nevada-registered US subsidiary Renntiger Resources
USA Ltd. The 15 core claims of the western block of the property
were acquired from a private company in August, 2017 (see terms in
NR dated August 30, 2017); all other claims were staked directly by
VR.
Technical Information
Rock samples for geochemistry are submitted to the ALS Global
facilities in Reno, Nevada, with final analytical work completed at
the ALS laboratories located in Vancouver, BC., including ICP-MS
analyses for base metals and trace elements, and gold determination
by atomic absorption assay.
Technical information for this news release has been prepared in
accordance with the Canadian regulatory requirements set out in
National Instrument 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 exploring large copper-gold mineral systems
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 its exploration
strategy, 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"
_____________________________
Dr. Michael H. Gunning, PhD, PGeo
President & CEO
For general information please use the following:
Website:www.vrr.ca Renmark Financial Communications Inc.
Email:info@vrr.ca Barry Mire, Account Manager for VR:
Phone: 604-262-1104E-mail:bmire@renmarkfinancial.com
Tel.: (416) 644-2020 or (514) 939-3989
Website:www.renmarkfinancial.com
VR RESOURCES LTD.
1750 - 700 West Pender St.
Vancouver, BC, Canada, V6C 1G8
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, by their nature, refer to
future events. Forward looking statements in this release include
but are not limited to: plans to aggressively follow up this
discovery; plans for a high-resolution EM geophysical survey.
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 may be accessed
via www.sedar.com and readers are urged to review these
materials.
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Provider (as that term is defined in Policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release