VANCOUVER, British Columbia, May 24, 2018 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V:VRR) (FSE:5VR) (OTCBB:VRRCF), the "Company", or “VR”, is pleased to announce that it has closed the recently announced acquisition (see terms in News Release dated May 1, 2018) of the Kraut Property. The Kraut Property consists of 6 mineral claims in one contiguous block covering 124 acres and is located within the southern part of the Walker Lane belt in west-central Nevada, approximately 5 kilometers northwest of the Company’s Danbo Property in Nye County, Nevada.
The Company intends to commence surface exploration at Kraut early this summer. The work will be a natural extension of its work at its Danbo property during the past two years. The Company will leverage a modern understanding of the nearby Round Mountain gold deposit, and recent innovations in exploration technologies for Tertiary epithermal gold systems in general in the Walker Lane Belt in Nevada in order to evaluate the large area of alteration and surface gold geochemistry evident at Kraut.
Please see the Company’s website at www.vrr.ca for more complete information on the near-by Danbo property.
Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, and reviewed on behalf of the Company by Dr. Michael Gunning P.Geo., a non-independent Qualified Person.
About VR Resources
VR is a new listing in the junior exploration space (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). The diverse experience and proven track record of its Board in early-stage exploration and discovery is the foundation of VR. The Company is focused on exploring for large copper-gold mineral systems 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 strategy, which is currently focused on three core properties, namely Bonita, Junction and Danbo. VR owns its exploration assets outright, and will evaluate new opportunities on an ongoing basis, whether by staking or acquisition.
ON BEHALF OF THE BOARD OF DIRECTORS:
“Michael H. Gunning”
Dr. Michael H. Gunning, PhD, PGeo
President & CEO
For general information please use the following:
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Forward looking statements in this release include that a diamond drill program will be carried out on the property and additional cash and share payments will be made to the Vendor.
Although the Company believes that the use of such statements is reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.