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VR Resources Closes Acquisition of the Reveille High Grade Silver Property in Nevada, and Commences Exploration on the Ground Immediately
VANCOUVER, British Columbia, June 25, 2020 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to ann
About this update from Vr Resources Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, June 25, 2020 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the \"Company\", or “VR”, is pleased to announce that it has successfully Closed the recently announced Acquisition Agreement for the Reveille silver property in Nevada (see terms in previous News Release dated June 22, 2020), and plans to commence exploration on the ground immediately. VR has been evaluating the Reveille property in the field for nearly two years. It covers an historic primary silver camp that dates back to the 1870’s, but lacks any modern exploration or drilling. The following photos and maps are from various field visits, and the integration of private exploration data into our regional database developed during the past 5 years for our epithermal gold exploration in the Big Ten caldera nearby to the northwest: Figure 1. Scale. The Reveille is property is large at 2 x 3 km’s, covering a district of silver showings hosted in a sequence of Paleozoic limestone in the outer ring complex of the Tertiary Goblin Knobs caldera. Figure 2. Complete CRD mineral system. This is the first time that modern exploration technologies and current mineral deposit models will be applied systematically across the Reveille Property. The CRD model (Carbonate Replacement Deposit) unifies the numerous surface showings of high-grade silver in vein stockworks, manto replacement bodies and chimney-style breccia pipes. The model also underscores a new, large scale and high value target at Reveille, namely the root of the numerous vertical breccia pipes and vein stockworks observed but virtually unexplored in the central part of the property. Evidence for the stock shown schematically in the cross-section as the root of the CRD mineral system includes: 1. mapped phyllic alteration in rhyolite tuff both on the northern and eastern margin of the property, and; 2. altered, porphyritic dykes exposed at several showings. The dimensions of the individual showings at Reveille are large, replacement is intense and silver assays are high: Photo in Figure 3. Silver Ace showing. Metre-scale breccia pipes with associated quartz vein stockworks occur within completely altered limestone at the Silver Ace and Saddle showings, where quartz veins observed at surface up to 2 m wide contain coarse-grained freibergite and ...