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VR Resources confirms breccia pipe at G1 gold target at Reveille, extends drilling, and expands the property based on a new 3D DCIP anomaly
VANCOUVER, British Columbia, May 19, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company,” or “VR,” is pleased to prov
About this update from Vr Resources Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, May 19, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the \"Company,” or “VR,” is pleased to provide an update on the ongoing exploration at its Reveille silver-copper and gold property in the Walker Lane gold-silver mineral belt in west-central Nevada. Drill hole RVD21-001 completed to 109.7 m confirms a breccia pipe starting at surface at G1. The drill program is extended, with plans to start next week to complete 3 additional RC drill holes to target the base of the G1 pipe and its controlling structure. Final data for the 3D-array DCIP geophysical survey completed in March define a new, large and high amplitude IP anomaly; both the IP grid and the property have been extended westward. Figure 1 shows the new IP anomaly in the covered and unexplored valley west of the Reveille range, the location of drill hole RVD21-001 just completed on the G1 gravity low anomaly, and the three RC holes located immediately to the west which are planned for next week to test the root of the breccia pipe intersected at G1. Photo 1 and Photo 2 show drill core rubble which illustrates the nature of the breccia pipe intersected from top to bottom in the 110 m drill hole just completed at RVD21-001, starting at surface. Salient features included: Broken core from the fracturing, hydrothermal shattering, quartz veining and decalcification and breakdown of host limestone during formation of the diatreme-like breccia body; Bleached, decalcified limestone with quartz veinlets and mm-scale sulfide casts (pyrite); Breccia fabrics of unsorted, angular fragments of bleached sandy limestone alongside dark, totally silicified limestone in soft clay and iron-rich groundmass; The new IP anomaly shown in Figure 1 is robust. The survey included 6 lines and 84 receiver stations on an equant 150 m station grid which generated 84,451 chargeability data points for the 3D inversion models. The Company has extended both the grid and the property farther west as a result. Salient features of the anomaly: Large: 450 x 600 m core. High Amplitude: >25 mv/V; maximum of 32 mV/V. Near Surface: Top of IP anomaly is at the base of the volcanic cover, < 150m from surface. Alteration Halo: Epithermal quartz veining and clay ...