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Winter Drilling is Underway at VR’s Ranoke Copper-Gold Property in Ontario
VANCOUVER, British Columbia, Feb. 05, 2020 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company", or “VR”, is pleased to con
About this update from Vr Resources Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 05, 2020 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the \"Company\", or “VR”, is pleased to confirm that drilling is underway at its Ranoke copper-gold project in northern Ontario. The first-pass, reconnaissance drill program started in November has resumed, and drilling is now underway on hole RK20-002 which targets the center of the large, sharply defined and high intensity gravity anomaly at Ranoke for a high density, hydrothermal iron oxide breccia body with copper and gold (Figure 1b). Hole 2 is located 600 metres to the northwest of Hole 1 completed in November which was centered on the main IP anomaly located on the southeast flank of the large gravity anomaly at Ranoke (Figure 1a). Hole 2 will test the center of the gravity anomaly as the potential source for the hydrothermal fluids seen in Hole 1 in the form of specularite veins and iron-carbonate breccias with high temperature potassium alteration halos. The geophysical anomalies shown in Figure 1a illustrate the size of the target at Ranoke. The plan maps included in Figures 1 and 2 of the previous news release (December 4, 2019) provide more detail on the integrated results from the gravity, magnetic and IP geophysical surveys, and soil gas geochemistry completed by VR in 2019. The geochemical anomalies occur over the central peak and the vertical margins of the magnetic pipe more than 2 km’s in diameter and located at the north end of the Ranoke complex; The gravity anomaly overlaps with, but cross-cuts the magnetic pipe, and is itself > 1 km in breadth. Ranoke has never been drilled. The goal of this program is to test the centers of the IP, gravity and magnetic geophysical anomalies, and coincident soil gas geochemical anomalies for copper and gold hosted in a large-scale, hydrothermal iron oxide breccia body emplaced into older Archean gneiss along the western margin of the Kapuskasing structural zone which bisects the Archean Superior craton, and has a long-lived history of mafic and carbonatite intrusions and kimberlitic diatremes which collectively span nearly 1.6 billion years of activity. From VR’s CEO Dr. Michael H. Gunning, “We are glad to be back at Ranoke, glad to have the experience of our drill crew from November back on site, and keen...