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VR Resources Ltd V.VRR

Alternate Symbol(s):  VRRCF

VR Resources Ltd. is a Canada-based junior exploration company. The Company explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada, a kimberlite breccia pipe discovery and field in northern Ontario. The Company’s projects include Bonita, Big Ten Project, Ranoke Property, Hecla-Kilmer Property, Junction and Reveille Property. Bonita is a copper-gold property in Humboldt County, Nevada, United States, approximately 150 kilometers (km) northwest of Reno. Its Big Ten Project includes Danbo, Amsel and Clipper properties. The Big Ten Project is located in Nye County in west-central Nevada. The Ranoke copper-gold project is located in northern Ontario, Canada. The Hecla-Kilmer property is located in the Moose River basin in northern Ontario, Canada. It is approximately 35 kilometers southwest of the Ranoke property. The Reveille property is located in Nye County in west-central Nevada. It is approximately 90 km east of Tonopah.


TSXV:VRR - Post by User

Comment by Zerosumon Oct 03, 2023 10:42am
81 Views
Post# 35666760

RE:RE:It Figures!

RE:RE:It Figures!

What I'm hearing is this: the micro diamond sizes used in the NR ( 0.75 micron sieve ) as so small other diamond mines simply don't include them in their resource calculations. So while VRR did a great thing in actually pulling micro diamonds up in the cores it may have been better if it did not, because the speculation process would still be present. This is somewhat counter intuitive but at this point with the information on hand and micro sizes below a reportable threshold for other diamond concerns the  experienced diamond shareholders who are knowledgable dumped their shares. Victor had a similar problem in that a micro diamond count did not accurately estimate the resource which was only possible through a macro bulk sampling program, expensive. I suspect the large bulk sampling program will happen here but not until sometime in 24' so traders also bailed. As one of the micro fragments was returned from almost 200 meter depth they need a better reason to go hat deep in search of a victor style deposit so a bulk sample is almost required to make or break this diamond story. Then there are FN issues, but I suspect that is if and when they pull a larger stone or haver a positive bulk sample. I thought is was good news but what I think doesn't matter. 

Then again I could be wrong.

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