VR Resources Takes a Significant Step in Gold Exploration
VANCOUVER, British Columbia — VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), affectionately referred to as "VR", has initiated an exciting new chapter with the acquisition of the Rambler Gold Project. This project is strategically located approximately 6 kilometers north of VR’s Empire Project, along Trans Canada Highway 17. In tandem with this acquisition, the company has submitted a permit application to facilitate drilling and trenching.
Historic Insights and Future Potential
The decision to stake the Rambler Project stemmed from intriguing findings in historic drill logs showcasing sulfides present at the surface. Back in 1968, Inco conducted a drilling campaign comprising five holes at Rambler, each less than 50 meters deep. These holes aimed to investigate electromagnetic anomalies linked to base metal mineralization, breathtakingly intersecting massive sulfide in every single hole, with up to 6 meters of 85% pyrrhotite-pyrite around a magnetic high.
Recent Discoveries
Despite the promising geology, gold assays were notably absent from those early reports. However, recent exploration efforts by VR have unveiled anomalous gold in various rock units within Rambler. Notably, samples revealed gold values reaching up to 149 ppb from disseminated pyrrhotite linked to mafic volcanic outcrops.
Geological Features of Interest
During the company's exploration, disseminated pyrrhotite, a magnetic iron sulfide, was found in areas of silicification within both metavolcanics and arenite that are adjacent to magnetic highs. Notably, VR has identified significant geological structures, including east-west shearing and boudinage, at Rambler, which is strategically located next to the Marmion fault that cuts through the nearby Hammond Reef gold deposit.
CEO Insights
Justin Daley, the CEO of VR Resources, expressed excitement about the early indicators of gold potential at Rambler. He stated, “Through our exploration of historical data for the Empire District, we recognized the significant potential here. The limited exploration in this region during the 1960s focused more on nickel-copper models, leaving much to be explored. While our efforts remain concentrated on our Empire and Silverback Projects—both already permitted for drilling—the addition of Rambler presents an exciting opportunity for quick tests on known massive sulfides.”
Rambler Project Overview
The Rambler Project comprises four multi-cell mineral claims forming one contiguous block that covers an extensive area of 2,085 hectares, with dimensions of 6.5 by 5.5 km. It lies within federal crown land with mineral rights overseen by the provincial Ontario Ministry of Mines. Notably, while there are no annual payments required for these claims, the province mandates certain annual exploration expenditures and reporting to maintain their good standing. Importantly, this area also resides within the traditional territories of the Lac de Mille Lac First Nation.
Technical Insights and Standards
VR Resources employs rigorous standards in its technical processes. Surface grab samples collected from Rambler were sent to AGAT laboratories in Thunder Bay for geochemical analysis. Following sample preparation, gold and platinum group elements (PGE) determination is conducted. Base metals and trace element analyses are subsequently performed in AGAT's Calgary facility. Notably, the company adheres to industry-standard and NI 43-101 compliant quality assurance and control procedures.
The Path Ahead
Justin Daley, P.Geo., and the executive team, including Dr. Michael Gunning, P.Geo., have emphasized that all aspects of the company’s mineral exploration projects are meticulously overseen to ensure transparency and regulatory compliance. With its strong foundation in exploration and a focus on substantial mineral systems, VR remains steadfast in its commitment to advancing its exploration initiatives.
About VR Resources
VR Resources is recognized as a forward-thinking junior exploration company situated in Vancouver, actively exploring significant opportunities in copper, gold, and critical metals across both Nevada, USA, and Ontario, Canada. Notably, the company is also investigating Canada’s latest diamond-bearing kimberlite pipe at its Northway project. Armed with modern exploration technologies and an experienced team, VR is well-prepared to explore under-explored territories, bringing extensive industry experience to its mineral exploration pursuits.
Contact Information
For any inquiries, VR Resources can be reached through the following channels:
Website: www.vrr.ca
Email: info@vrr.ca
Phone: 778-731-9292
Frequently Asked Questions
What is the Rambler Gold Project?
The Rambler Gold Project is a mineral exploration project acquired by VR Resources, located north of their Empire Project in Ontario.
What historical data supports the acquisition of Rambler?
Historic drilling conducted by Inco in 1968 has shown significant sulfide intersections, although gold assays were not initially reported.
What geological features make Rambler significant?
Rambler showcases east-west shearing and boudinage structures that align with significant mineralization potential, including proximity to the Marmion fault.
How does VR Resources approach its exploration projects?
VR Resources follows rigorous industry standards for exploration, including comprehensive QAQC procedures to ensure reliable results.
How can I learn more about VR Resources?
More information can be found on their official website at www.vrr.ca.
