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VR Resources Acquires New Property to Expand Its Hecla-Kilmer Critical Metals Strategy in Northern Ontario
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
About this update from Vr Resources Ltd.
[{"type":"text","content":" 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. Ultra – high resolution drone magnetic data received for the recently staked Northway property located 15 km to the northeast of Hecla-Kilmer (“H-K”); Application underway for new MNDM drill permit for Northway. From VR’s CEO, Dr. Michael Gunning, “Last November, VR announced the discovery of a new niobium-Rare Earth metals mineral system on its wholly-owned Hecla-Kilmer property with the intersection in Hole 13 of 238 metres @ 0.2% Nb205 with 0.5% TREO, including sample intervals of 1.7 % TREO with 18% PMREO over 3 metres. With that intersection, the Company completed a thorough review of its regional database and staked the Northway property located approximately 15 km to the northeast. An ultra – high resolution drone magnetic survey was completed over Northway in March, during the set-up of the recently completed, third drill program at Hecla-Kilmer, which produced the recently announced intersection in Hole 013 of 243 metres @ 1.01% TREO, of which 19% are PMREO. This news release provides the results of the drone magnetic survey at Northway. On Figure 1, the location of Northway is shown within the regional-scale Kapuskasing Structural Zone (KSZ) and rift through the Superior craton, together with the locations of VR’s H-K and Ranoke properties. On Figure 2, the location of Northway is shown in relation to the northern boundary of the mafic volcanic Wabigoon province of the Superior craton, similar to the location of Hecla-Kilmer on the opposing southern boundary. Both boundaries are tectonic suture zones of regional scale. Note also the reverse magnetic polarity of the regional magnetic anomaly at Northway, forming a prominent magnetic low, akin to the reverse polarity in the northwestern part of the H-K complex where critical metal discoveries have been made in drill holes 5 and Hole 13. Figure 3 shows the new drone magnetic data at Northway. The anomaly is high amplitude, sharply defined and approximately 1,300 metres across. Critical metal mineralization intersected to date at Hecla-Kilmer is controlled by structures that disrupt patterns in magnetic and gravity maps. Similarly,...