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VR Resources Confirms Gold in Porphyry Intrusion Cutting Nickel Sulfide Mineralization at Silverback Project in Ontario
VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to rep
About this update from Vr Resources Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the \"Company\", or “VR”, is pleased to report gold results from the spring 2024 drill program at its Silverback Project in Ontario, in follow-up to the new base metal results reported earlier this week in NR-24-22 dated October 22, 2024. Anomalous gold occurs across 109 meters in a sericite-altered porphyry intrusion with disseminated pyrite in Hole 2, just above the nickel and chromium results reported earlier this week (see drill section in Figure 1 below). Similar alteration and weak gold mineralization is also seen 1.5 km to the east in porphyry dykes in Hole 1 (see Figure 2). Details include: There are 20 one-metre samples with >10ppb gold across a 109m interval of altered and sheared porphyry; Up to 649 ppb gold in a 25cm quartz-carbonate vein margin with sulfide (Photo 1); The strong vein alteration with gold and disseminated pyrite is coincident with a DIGEM conductor; Significance. This discovery of an altered, gold-bearing porphyry intrusion in Hole 002 is near a 99th percentile gold anomaly in an OGS regional lake sediment survey (Figure 2). Overall, the mineralized porphyry is now the inferred source intrusion for the widespread copper, gold, and molybdenum mineralization first recognized at Silverback in surface samples along north-south shear zones spanning about 3.5 km of the property, with up to 9.5 g/t gold and 5.6% copper locally. Figure 1. Schematic NW-SE section of drilling results from Hole 2 at Silverback to 210m depth. The hole is dominated by an altered porphyry intrusion, showing no surface expression, with quartz-carbonate veining and strongly anomalous gold in disseminated pyrite. The smaller DIGEM conductor (red ellipses) at the eastern contact of the feeder dyke coincides with sericite alteration and sulfide. From VR’s CEO Justin Daley: \"The blind discovery of a gold-mineralized porphyry intrusion at the Silverback project is significant. We have seen the high-grade potential for gold and copper in sparse outcroppings along shear zones, and we have now identified a source mineralized porphyry intrusion in two drills holes which themselves span about 1.5 km. The potential here is that the hydrothermal alteration, veining, and sulfide mineralization now evident at Silverback is c...