Ontario Northland Railway

VR receives new over-limit geochemical data from Hole HK22-013 and increases PMREO content to 21.1% of TREO at Hecla-Kilmer in Northern Ontario

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Tuesday, November 29, 2022
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Hole HK22-13 ended in high grade mineralization: 15 m @ 2.22% TREO with 21.3% PMREO.

Key Points: 
  • Hole HK22-13 ended in high grade mineralization: 15 m @ 2.22% TREO with 21.3% PMREO.
  • As such, the hole was extended in the recent drill program, and Hole HK22-013ext was completed to 504 m (see Figure 1).
  • Core photo and QEMSCAN image showing the REE mineralogy of the mineralization immediately below and adjacent to the drill collar for Hole 13.
  • Figure 1 shows the strong correlation among all the individual permanent magnet rare earth elements within the TREO mineralization at Hecla-Kilmer.

VR completes the fall drill program at its Hecla-Kilmer critical metals discovery in Northern Ontario

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Tuesday, November 15, 2022
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VANCOUVER, British Columbia, Nov. 15, 2022 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", or VR, is pleased to announce the successful completion of the fall drill program at its Hecla Kilmer (H-K) project and critical metals discovery located in northern Ontario.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 15, 2022 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", or VR, is pleased to announce the successful completion of the fall drill program at its Hecla Kilmer (H-K) project and critical metals discovery located in northern Ontario.
  • VR has now completed 22 drill holes for a total of 8,767 m at Hecla Kilmer, in four programs starting in the fall of 2020.
  • The discovery process at Hecla-Kilmer began with REE mineralization discovered at surface in Hole 4 of the first program in the fall of 2020.
  • VR is an established junior exploration company focused on greenfields opportunities in critical metals, copper and gold (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF).

The fall drill program is underway at VR’s Hecla-Kilmer project and critical metals discovery in Northern Ontario

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Wednesday, October 12, 2022
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From VRs CEO, Dr. Michael Gunning, It is good to have the camp up and running and the drill turning again on our critical metal discovery at Hecla-Kilmer.

Key Points: 
  • From VRs CEO, Dr. Michael Gunning, It is good to have the camp up and running and the drill turning again on our critical metal discovery at Hecla-Kilmer.
  • Ashland Oil and Elgin Petroleum did reconnaissance drilling at H-K in 1970 as part of a regional base metal exploration program.
  • Selco Exploration Company completed two drill holes in 1981 on peripheral magnetic highs as part of a regional diamond exploration program.
  • The foundation of VR is the diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A.

VR intersects 25.5 m @ 1.13% TREO with 18% Magnet REO in the discovery of two new areas with Critical Metals in the Hecla-Kilmer complex, Ontario

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Thursday, August 18, 2022
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The % Magnet REO column is this PMREO sum divided by TREO, and expressed as a percent.

Key Points: 
  • The % Magnet REO column is this PMREO sum divided by TREO, and expressed as a percent.
  • The sniffs of plus- one percent TREO mineralization will be followed up by testing the center of the MVI magnetic anomaly.
  • VR is an established junior exploration company focused on greenfields opportunities in copper, gold and critical metals (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF).
  • VR owns its properties outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

VR Acquires New Property to Expand Its Hecla-Kilmer Critical Metals Strategy in Northern Ontario

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Wednesday, July 27, 2022
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VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", or VR, provides a brief update on its critical metal exploration strategy in northern Ontario.

Key Points: 
  • VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", or VR, provides a brief update on its critical metal exploration strategy in northern Ontario.
  • With the new magnetic data from Northway, we have initiated the permit application process for drilling to further expand the strategy.
  • Northway is located on provincial crown land in northern Ontario, with mineral rights administered by the Ontario Ministry of Northern Development, Mines, Natural Resources and Forestry (MNDM).
  • VR owns its properties outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

VR intersects 243 m @ 1% TREO, including 15 m @ 2.14%, to discover the broadest and highest grade critical metal mineralization to date at Hecla Kilmer.

Retrieved on: 
Thursday, July 21, 2022
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The value analogue above for the 290 metre REE intersection in Hole 13 does not include the 0.11% grade in niobium (Table 1).

Key Points: 
  • The value analogue above for the 290 metre REE intersection in Hole 13 does not include the 0.11% grade in niobium (Table 1).
  • VR has now confirmed REE and critical metal intersections in 8 of the 12 drill holes for which geochemical data have been received.
  • Broad intersections of critical metal mineralization are now confirmed in 11 of 17 holes completed to date, with data from five holes still pending.
  • The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR.

VR confirms additional broad intersections of Critical Metals at its Hecla-Kilmer property and breccia target in Northern Ontario

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Tuesday, June 28, 2022
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VR completed the first airborne EM survey over H-K in June, 2020, using the state-of-the-art VTEM+ system of Geotech Ltd.

Key Points: 
  • VR completed the first airborne EM survey over H-K in June, 2020, using the state-of-the-art VTEM+ system of Geotech Ltd.
  • There is an industry-standard royalty attached to the property, including a buy-back provision in favour of VR.
  • VR is an established junior exploration company focused on greenfields opportunities in copper, gold and critical metals (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF).
  • VR owns its properties outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

The third drill program is complete at VR’s Hecla-Kilmer copper-gold breccia target with critical metals in Northern Ontario

Retrieved on: 
Tuesday, June 7, 2022
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2,751 m completed in 8 drill holes ranging from 249 378 m each; assays pending.

Key Points: 
  • 2,751 m completed in 8 drill holes ranging from 249 378 m each; assays pending.
  • From VRs CEO, Dr. Michael Gunning, The third drill program at Hecla-Kilmer is under our belt, completed on schedule and on budget, with a metre and hole production that far surpassed our expectations.
  • We will comment on the potential for critical metal mineralization in the relatively more intense and more extensive breccias intersected in this third drill program when geochemical data become available.
  • A shallow, six-hole diamond drill program was completed in 1970 as part of a regional base metal exploration program by Ashland Oil and Elgin Petroleum.

Drilling is underway at the Hecla-Kilmer copper-gold breccia target with critical metals in northern Ontario

Retrieved on: 
Wednesday, April 20, 2022
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Drilling should take approximately six weeks to complete, with assay data from geochemical sampling expected by July, if not June.

Key Points: 
  • Drilling should take approximately six weeks to complete, with assay data from geochemical sampling expected by July, if not June.
  • They are located on the eastern flank of the gravity anomaly which was the focus of drilling in 2020 and 2021;
    Figure 2.
  • In 2020, VR discovered a carbonate-fluorite hydrothermal breccia system which comes to bedrock surface and has more than 600 metres of vertical extent.
  • Follow-up drilling in 2021 intersected up to 299 m of rare earth elements and critical metals, and importantly, confirmed the presence of elevated gold along controlling structures.

VR opens up the Hecla-Kilmer camp in preparation for drilling, and completes expansion of high-resolution drone magnetic survey

Retrieved on: 
Tuesday, March 29, 2022
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The exploration camp is re-established and operating at Otter Rapids;

Key Points: 
  • The exploration camp is re-established and operating at Otter Rapids;
    Extension of the ultra high-resolution drone magnetic survey from 2021 is complete, and;
    Drilling is expected to commence in approximately three weeks time.
  • These intersections occur within 600 m intersections of fluorite-carbonate hydrothermal breccia which comes to bedrock surface, within sulfide-bearing calc-potassic alteration.
  • As shown in Figure 1, the drilling this spring will focus on the new AS (analytic signal) magnetic highs identified by the drone magnetic survey last fall.
  • Figure 2 shows the outline of the expanded drone (UAV) magnetic survey flown by Pioneer Exploration, Saskatoon.