Business
VR Continues to Advance its KSZ Strategy for Large Iron Oxide - Copper - Gold Systems in Northern Ontario
(TheNewswire) August 20, 2024, Vancouver, B.C. - TheNewswire : VR Resources Ltd...
About this update from Vr Resources Ltd.
[{"type":"text","content":"VR Continues to Advance its KSZ Strategy for Large Iron Oxide - Copper - Gold Systems in Northern Ontario\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n August 20, 2024, Vancouver, B.C. -\n \n\n TheNewswire\n \n\n :\n \n\n VR Resources Ltd.\n(TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the \"\n \n\n Company\n \n\n \", or\n“\n \n\n VR\n \n\n ”, continues to advance its Kapuskasing Structural Zone\n(“KSZ”) regional exploration strategy for critical metals in\nnorthern Ontario.\n \n\n\n\n From VR’s CEO, Dr. Michael Gunning, “\n \n\n The recent sale of the Hecla-Kilmer REE\ndiscovery (“H-K”) highlights the success of the KSZ strategy, and\nfrees-up the Company to advance its other properties in the district,\nshown in\n \n\n Figure 1\n \n\n , and also to\nevaluate new properties and new opportunities. Our primary focus\ncontinues to be on the\n \n\n potential of the KSZ to host Iron-oxide copper-gold (“IOCG”)\nsystems.\n \n\n\n\n Our discovery of cobbles of\nspecularite breccia with sulfide in the Mattagami River in 2018 led to\nthe intersection of specularite vein breccia in our first hole at our\nRanoke property.  The subsequent discoveries of REE-bearing apatite\nin an IOA system with carbonatite at Hecla-Kilmer, and then\ndiamond-bearing kimberlite at Northway highlight the multi-commodity\ndiscovery potential of the KSZ district.\n \n\n\n\n The Halfway property discussed below\nis the next target for discovery in our ongoing KSZ strategy. We know\nwhat to do. We have seven years of expertise working with the regional\ndata. We have experience in applied magnetic survey technologies. We\nunderstand the IOCG-IOA model in this district.  And we have the\nconviction to get our hands dirty on the ground, as the photos in this\nnews release attest.”\n \n\n\n\n Context\n \n\n .  VR Resources’ REE\ndiscovery within the Hecla-Kilmer alkaline-carbonatite complex was the\nresult of the Company’s KSZ district-scale exploration strategy\nwhich began in 2018.  H-K’s unique REE-enriched apatite\nmineralization with magnetite belongs to an iron oxide apatite (IOA)\nhydrothermal mineral system which forms at the deeper, higher\ntemperature end of the IOA – IOCG spectrum.\n \n\n\n\n The ongoing strategy is focused on identify...