VR Resources Reports Promising Copper and Silver Grades
Exciting New Developments at the Golden Bear Project
VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), based in Vancouver, has recently shared promising new assay results from its Golden Bear Project located in northwestern Ontario. These findings highlight a notable average grade of 2.16% copper and 15.6 g/t silver from samples taken during logging activities in 2021. The Company is also moving forward with an exploration plan to enhance its research efforts at the site.
Overview of New Assay Results
The assay results stem from three samples of hydrothermal breccia at the Golden Bear Project, corresponding to a mineralized structure trending north-northwest through a large granodiorite intrusion. The breccia, measuring approximately two meters wide, is crucial for understanding the distribution of copper-silver mineralization.
Implications of the Assay Results
The mineralization displayed in the hydrothermal breccia is associated with aplite and granitic dykes that intrude into the metavolcanics in the region. This correlation presents an exciting opportunity for uncovering additional resources.
Upcoming Exploration Activities
VR Resources is laying groundwork for planned stripping activities that aim to unearth additional mineralized areas. Detailed exploration plans have been filed with the Ontario Ministry of Mines, along with consultations with local First Nations. By conducting further fieldwork, the company anticipates obtaining substantial insights into the geology and mineral-bearing potential of the area.
CEO Insights and Outlook
Justin Daley, the CEO of VR Resources, expressed enthusiasm about the latest findings. He emphasized the strong hydrothermal breccia and how ongoing exploration activities could reveal a broader extent of the mineralization along the inferred structures towards the southeast.
Minimizing Risks and Maximizing Opportunities
As VR Resources advances its exploration plans, it adheres to strict industry standards and regulatory guidelines. The company continually evaluates its mineral claims to ensure compliance with provincial requirements, focusing on efficient resource management.
Technical Information and Methodology
The recently collected surface grab samples underwent geochemical analysis at AGAT Laboratories, ensuring thorough preparation and analysis. The processes include the use of meticulous Quality Assurance and Control (QAQC) procedures to guarantee industry standards are maintained.
About the Golden Bear Property
The Golden Bear Project is comprised of ten mineral claims spanning a contiguous area of 1,276 hectares. Located on Federal crown land, the site holds significance in the context of the Eagle Lake and Wabigoon Lake First Nations traditional territories, adding an important cultural dimension to the exploration efforts.
Future Exploration Potential
The project is ripe with exploration potential as it sits in a region recognized for its geological richness. Given the current results, VR Resources is well-positioned to explore the expansive mineral systems under investigation.
Company Profile: VR Resources
VR Resources continues to establish itself as a prominent junior exploration company targeting significant copper, gold, and critical metal opportunities across North America. Notably, the company is engaged in the discovery of diamond-bearing kimberlite pipes and excels in deploying modern exploration techniques for effective mineral system evaluations.
Frequently Asked Questions
What recent findings have been reported by VR Resources?
VR Resources has reported assay results revealing significant grades of 2.16% copper and 15.6 g/t silver from its Golden Bear Project.
What are the next steps for VR Resources at the Golden Bear Project?
The company is planning further exploration activities that include trenching and washing of outcrops to uncover the extent of mineralization.
Who is overseeing the exploration activities?
Justin Daley, the President and CEO, along with other qualified personnel, are overseeing the exploration activities and compliance with regulatory standards.
What is the significance of the Golden Bear Project?
The Golden Bear Project spans 10 mineral claims and is located in an area with rich mineral potential, making it strategically important for VR Resources' exploration efforts.
How does VR Resources maintain compliance in its activities?
VR Resources adheres to provincial requirements for exploration activities and reports to ensure the mineral claims are kept in good standing while minimizing environmental impacts.
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