(via TheNewswire)
VR completed a site visit to New Boston in August for two reasons:
Sample stockwork copper-silver veins across the property in order to obtain modern ICP-MS geochemical data spanning the entire 4 km breadth of the polymetallic porphyry system, and;
Site drill pad locations in the field in order to submit a Notice of Intent drill permit (NOI) application to the BLM, Nevada.
Copper-Moly-Silver veins
Figure 1. Satellite image with grab sample locations which illustrate the polymetallic nature of the sheeted and stockwork veins in copper, moly and silver across the 4 km of strike of the system on surface:
Photo 1. 1.65% Cu and 12.7 g/t Ag in stratabound sheeted quartz veins in skarn replacement rock in limestone at Blue Ribbon on the western edge of the 4 km system;
Photo 2. 1.74% Cu with 1,115 g/t Ag in quartz replacement of host limestone at
Isabella/Kay Mine in the lower temperature alteration halo on the southeast periphery of the 4 km system;Photo 3. 0.26% Cu, 0.14% Mo with 112 g/t Ag in leached quartz vein breccia with copper wad and iron oxide after massive chalcopyrite at the Scorpion showing located on the
GW Boundary Zone , a major mineralized structure in the centre of the 4km system of sheeted veins;Photo 4. 4.3 - 10% Cu, 0.13 - 0.23% Mo,and 66 - 316 g/t Ag in iron-oxide skarns and porphyry stockworks in maroon gossans atop the northwest-plunging, 900 m long conductor at
East Zone .
NOI drill permit
Figure 2. Satellite image showing the drill sites identified in the NOI drill permit application. The drill holes target stockwork veins with copper in both the
Context from VR’s CEO, Dr.
Despite the grades in the new grab sample assays, they arenotthe target. The state-of-the-art geophysics completed by VR in April, with technologies literally not available to Conoco in the 1970s, paints a clear picture for a central porphyry stock target with concentrated vein stockworks of conductive copper sulfide. The conductor shown on the satellite image in Figure 2 comes to surface and plunges for 900 m to the west into the bowl, open, without a single historic drill hole into it. With our permit, we intend to change that!
Why now? The US government has recently added copper to the top of its Critical Metal list for domestic, raw material supply for sustainable, downstream technologies and industries as the Green Economy emerges.
We have been working with the BLM on this NOI drill permit application for the past month or so, and no hurdles or impediments have been identified. We have worked with the BLM on numerous other projects over the past decade, and we anticipate the same transparent and efficient process for New Boston.
With that, we look forward to providing further updates as our exploration at New Boston advances.
Technical Information
Summary technical and geological information for the Company’s various exploration properties including New Boston is available at the Company’s website atwww.vrr.ca.
VR submits all surface grab samples and/or drill core samples collected from
Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.
About the New Boston Property
Location
New Boston is within the
New Boston is located in the
The property location facilitates cost-effective exploration, year-round. Access is from the nearby town of
Property Description
The New Boston property is large. It consists of 77 claims in one contiguous block approximately 3 x 5 km in size and covering 583 hectares in total (1,441 acres). It covers the entire extent of the known copper-moly-silver porphyry-skarn mineral system exposed on surface between
The property is on federal land administered by the
The property is owned 100% by VR. There are no underlying annual lease payments, nor are there any joint venture or back-in interests. The vendor of the property retains a royalty.
About
VR is an established junior exploration company based in
ON BEHALF OF THE BOARD OFDIRECTORS:
“Michael H. Gunning”
____________________________
Dr.
President & CEO
For general information please use the following:
Website:www.vrr.ca
Email:info@vrr.ca
Phone: 778-731-9292
Forward Looking Statements
This news release contains statements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements concerningVR’sexpectations concerning theHecla-Kilmer property and all other statements that are not statements of historical fact.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Whilethe company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
This news release may also contain statements and/or information with respect to mineral properties and/or deposits which are adjacent to and/or potentially similar to the Company’s mineral properties, but which the Company has no interest in nor rights to explore. Readers are cautioned that mineral deposits on similar properties are not necessarily indicative of mineral deposits on the Company’s properties.
Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed viawww.sedarplus.caand readers are urged to review them.
Neither the
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Figure 1. Satellite image of the New Boston property in west-central
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Photo 1. Sheeted and stockwork veins at the Blue Ribbon workings at the western end of the 4 km system of at New Boston, with historic drill intercepts of 92ft @ 1.38% copper in BR1 (1972). The photo is looking south from the series of high-grade workings towards the folded, north-dipping limestone strata that host mineralization.
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Photo 2.
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Photo 3. Scorpion vein on the orange gossan trace along the
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Photo 4. Deep maroon colour anomalies associated with intense iron-silica-sulfide skarn replacement zones and gossan around monzonite porphyry dykes at
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Figure 2. Satellite image showing drill sites in the Notice of Intent (NOI) drill permit applications for the
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