VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V:VRR) (FSE:5VR), the "Company", or “VR”, has filed the second quarter financial statements dated September 30, 2017 along with the Management Discussion and Analysis (“MD&A”) dated November 16, 2017 on SEDAR and the Company’s web site. Included in the MD&A is a brief descriptive reference and update for the Company’s various copper-gold mineral exploration properties in Nevada.
The first pass drill program is ongoing at the Company’s core asset, the Bonita property in Humboldt County, Nevada. Three of four holes are complete and the current phase of drilling is expected to be done next week. Drill results will be reported once analytical data from the program are finalized. Drilling continues to confirm the presence of a multi-phase porphyry copper-gold system on the property. The Company has already begun to formulate plans for a follow-up drilling program in 2018.
The Company has commenced early stage exploration activities on its recently acquired Big Creek and Junction copper properties and continued target definition work on the Danbo gold property in Nye County. In brief:
- An airborne Hyperspectral survey has been completed at Danbo, to confirm/refine alteration trends related to the mineralized gold vein system. Additional mapping, prospecting and sampling has been completed to confirm the extent of the gold system at surface and confirms an overall minimum strike-length of approximately 1,200 metres. Soil geochemistry is being extended, and test lines for a ground based VLF geophysical survey will be completed to evaluate the system sub-surface. The Company anticipates a first-pass diamond drill program at Danbo once all data are in hand and targets are prioritized.
- Mapping, prospecting and soil sampling are nearly complete at the Junction Cu-Ag-Au property. Copper sulfide mineralization related to pegmatites and quartz veins is evident at surface in numerous showings along a strike length of nearly 1,600 m. The Company anticipates completion of a high resolution airborne mag/EM survey in 2018, in order to test along-strike sub-surface continuity of the outcropping mineralization, and in preparation for a first pass diamond drill program.
- An airborne hyperspectral survey has been completed over the Big Creek Cu-Au-Mo property. Soil sample test lines are complete, and rock sampling of polyphase vein systems in the hydrothermally altered granite stock is ongoing.
About VR Resources
VR Resources Ltd. (“VR”) is a new listing in the junior exploration space (TSX.V:VRR) (Frankfurt:5VR). The diverse experience and proven track record of its Board and Management in early-stage exploration and discovery is the foundation of VR. The Company is focused on exploring large copper-gold mineral systems located in the western United States. VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private exploration company. VR is well financed for its exploration strategies, including first-pass drilling of its core asset, the Bonita Property. VR owns its exploration assets outright, explores its exploration properties in-house, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.