VR is set to commence Phase I drilling VANCOUVER, British Columbia, Feb. 15, 2022 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", or “VR”, is pleased to announce that it is on the ground in Nevada completing final preparations for first-pass drilling at its Amsel gold-silver project in Nevada. Field crews cleared the main access road and prepared drill sites in the last two weeks of January, and the drill is expected to arrive on site this week to commence drilling.
CEO Comment
From VR’s CEO Dr. Michael Gunning: “The Company has four years of exploration under its belt at Amsel and along the 20 km long trend of gold-silver veins within the Big Ten caldera. High-grade veins at the Danbo property were our initial focus, but it is the Amsel property that has produced by far the most compelling and integrated target for a large-scale epithermal gold-silver system.
The correlation of the Amsel target to the nearby Round Mountain deposit, a 120 year mining operation which has now produced more than 20 Moz of gold, is outlined in NR-21-21 (Nov. 9, 2021) and summarized in a ‘Six Minute CEO’ video interview posted on the Company’s website Homepage at www.vrr.ca.
Again, I would like to thank our shareholders for their patience in getting to this point. We look forward to providing further updates as the drill starts turning on the first-ever drill program into the heart of the large epithermal gold-silver system at Amsel. To be clear, we are taking a two-stage approach to this first-pass drilling, starting with the northern part of the target this winter, and then testing the larger and stronger southern part of the anomaly located on the southern hillslope this summer.
With that, I would encourage readers to take a moment to walk through the figures below which illustrate the setting, geology, scale, and intensity of the integrated target we are about to drill at Amsel.”
About VR Resources
VR is an established junior exploration company focused on greenfields opportunities in copper and precious metals (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private company. The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.
The Company entered into a one-year Agreement with PI Financial Corp. (“PI”), Vancouver, effective February 14, 2022, for capital market support services for the purpose of maintaining an orderly market in the shares of vrr.v, and in accordance with TSX Venture Exchange policies and applicable laws.
www.vrr.ca
Figure 1a. https://www.globenewswire.com/NewsRoom/AttachmentNg/c482af8c-5600-4add-8875-89603932ec0c
Figure 1b. https://www.globenewswire.com/NewsRoom/AttachmentNg/ee3ea9e1-2da1-4324-b688-5570f0e78b2e
Figure 2a: https://www.globenewswire.com/NewsRoom/AttachmentNg/465de685-087d-4bec-9ba6-a0a353c16180
Figure 2b. https://www.globenewswire.com/NewsRoom/AttachmentNg/b5b0b2f7-cb22-4f1f-9afd-e4c92001cad7
Figure 3a. https://www.globenewswire.com/NewsRoom/AttachmentNg/08e38d2e-8c4e-430c-aca3-8180a98404a7
Figure 3b. https://www.globenewswire.com/NewsRoom/AttachmentNg/570e0a46-84e0-4408-8437-24d5fba6edc3
https://www.globenewswire.com/news-release/2022/02/15/2385358/0/en/VR-is-set-to-commence-Phase-I-drilling-at-its-Amsel-gold-silver-property-in-Nevada.html