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  • The drill is back at VR’s Reveille property in Nevada to test the  jasperoid breccia-pipe gold target named G1
    GlobeNewswire

    The drill is back at VR’s Reveille property in Nevada to test the jasperoid breccia-pipe gold target named G1

    Diamond drill rig on the G1 drill pad Photo 1. Diamond drill rig on the G1 drill pad at Reveille on April 13th, 2021. The white line is a schematic drill trace for the G1 hole which will test below the dark jasperoid outcrops evident on the ridge to the right of the drill in order to test the coincident gravity anomaly and multi-element gold-arsenic-antimony-mercury-barium soil anomaly shown in Figure 3 for a large-scale, gold-bearing jasperoid breccia-pipe (dashed white lines). Field of view is 500m along the ridgeline. 2021 Winter Drilling and IP Survey Figure 1. Location of the G1 drill hole in relation to the four RC holes and the 3D-array DCIP geophysical survey completed in February-March, 2021, at Reveille, plotted on a RTP magnetic base map derived from a high-resolution airborne EM survey completed by VR in July, 2020. Assays shown at workings are from VR sampling in June, 2020. The two dashed blue lines outline the northeast-southwest fold axis mapped by VR this summer which controls silver-copper mineralization at Reveille, with the magnetic anomaly in the pink contours as the potential driver and source of the fluids. G1 is shown on the gravity anomaly which is located on the same primary structural controls for the silver-copper mineralization. Soil Geochemistry Figure 2. Soil geochemistry maps for the western flank of the Reveille range. The G1 drill target is the gold-arsenic-antimony-barium anomaly located in between the Zebra and Jackrabbit showings in the top right of each map. Mercury is also associated with this anomaly. The various showings on the right side of each map are shown in Figure 1, with assays. 1VD Gravity Figure 3. Integrated target map for the G1 drill hole, showing the strongest gold soil geochemistry anomaly on the entire Reveille property and coincident with a high amplitude, sharply defined gravity low anomaly itself associated with well developed jasperoid breccia on a ridge-spur of structurally controlled alteration in limestone. This map is the context for the drill rig and drill trace shown in Photo 1. VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company,” or “VR,” is pleased to confirm that the drill is back on site and turning at its Reveille property in Nevada. VR was able to secure a track-mounted diamond drill rig on route to a nearby project in order to complete a core hole on the jasperoid breccia-pipe gold target at Reveille named G1. As shown in the field photograph from yesterday in Photo 1, the drill hole is located on a ridge of structurally-controlled, gold-bearing jasperoid breccia related to a rhyolite intrusion which has replaced the host limestone stratigraphy along a fold hinge fault zone, with high-grade silver and copper in breccia zones to the northeast of G1 along the same structure. As shown on the drill hole plan map in Figure 1, and as summarized in the News Release dated March 17, 2021, VR completed four RC (reverse circulation) holes in February for a total of f 4,347 feet by a truck-mounted TH75 rig, each hole between 1,000 and 1,200 ft long, and each hole on a different target based on integrated data from structural mapping and rock geochemistry, and gravity, EM and magnetic geophysical surveys. The G1 gravity target was not tested because the drill road and pad were not amenable to the truck mounted RC rig. Soil AnomalyWhile drilling the first four RC holes in February, the Company received the geochemical data from a soil sample grid covering the entire western flank of the range and the western third of the property. The data set is robust, consisting of 287 samples on a 50 - 150 m spacing. As shown in Figure 2, the strongest gold anomaly on the entire Reveille property occurs at G1, in association with the ridge spur of jasperoid breccia, and strongly correlated with arsenic-antimony-mercury and barium. Gravity AnomalyAs shown in Figure 3, the G1 drill hole itself is collared specifically on a high contrast and sharply defined gravity low anomaly and coincident multi-element soil anomaly in gold-arsenic-antimony-mercury-barium associated with extensive outcrops of jasperoid breccia on the ridge. The G1 drill hole will test if the gravity anomaly is a decalcified, and therefore low density, gold-bearing jasperoid breccia-pipe developed in the host limestone. The contours of the gravity indicate a sub-vertical, pipe-like geometry for the body, with a strong structural control. The geochemical attributes of the jasperoid and the soil anomaly are characteristic of a Carlin-style fluid system. It developed on the same overall regional fault complex and caldera margin setting which accommodated the silver-copper CRD fluid system that was responsible for the historic workings in the hills to the east of G1 (Photo 1). That is, the silver-copper and gold fluid systems are superimposed, which speaks to the strength of both the system driver and the host structure at Reveille. ContextVR is exploring the covered valley on the western flank of the range because it has never been previously explored or drilled as the potential source and overall driver of the high-grade silver-copper mineralization at Reveille during the past 140 years of prospecting which has focused on the high-grade showings exposed in the hills of the Reveille range to the east. VR is focused squarely on targets for proximal, high temperature mineralization that represents the core to the overall CRD mineral system and source to the showings in the hills at Reveille, and the superimposed gold- arsenic-antimony-mercury-barium jasperoid anomaly, based on an array of new geochemical data and element ratio vectors which point to the western range flank and covered valley as the source area. CommentFrom VR’s CEO Dr. Michael Gunning, “Committing to the diamond drill rig you see in Photo 1 at the G1 pad as it was on it’s way north to another job speaks to our conviction on both the definition and the amplitude of the gravity and multi-element geochemical anomaly, and to the upside potential of this jasperoid breccia body to our shareholders. Obtaining drill core as opposed to RC chips will give us stronger geological logs, better data from hyperspectral scanning for mineral alteration, valuable high definition photography of the entire hole, and stronger control for geochemical sampling and interpretation of data in the context of detailed geological logs. Hyperspectral scanning on the first four RC holes completed last month is nearly complete now, and more than 800 geochemical samples from continuous sampling of each of the first four holes in their entirety are through the preparation lab and are in the queue for final analysis. Overall, we hope to have all geochemical data from the initial 4 holes by earliest May. To be clear, our intent is to lay out a Phase II drill program at Reveille using the new geochemical data from the first five holes, in addition to the final inversion models from the 3D-array DCIP geophysical survey that was also completed in February, and for which we have seen preliminary results. We look forward to providing further updates as our data come in and our drilling advances at Reveille this spring and summer.” Technical Information Summary technical and geological information for the Company’s various exploration properties is available at the Company’s website at www.vrr.ca. VR has submitted RC chip samples collected from this drill program for geochemical analysis to the Bureau Veritas Minerals (“BV”) laboratory in Sparks, Nevada, where sample preparation is completed. Analytical work completed at the BV laboratories located in Vancouver, BC., includes ICP-MS analyses for base metals and trace elements, while gold determination is done at the Sparks, NV lab by fire assay atomic absorption spectrometry. Analytical results are subject to industry-standard and NI 43-101 compliant QAQC sample procedures at the laboratory, as described by BV, and with standard, duplicate and blank samples inserted internally by the company. Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, P.Geo., Exploration Manager & Chief Geologist at VR and a non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration projects and has reviewed the content of this news release. The Company’s CEO, Dr. Michael Gunning, P.Geo., is also a non-independent Qualified Person. About the Reveille Property The Reveille property is located approximately 90 km’s east of Tonopah, Nevada. Access is via Highway 6, with local roads and trails in and around the property itself. The Reveille property consists of 66 mineral claims in one contiguous block covering 1,344 acres (544 hectares) over an area of approximately 2 x 3 km’s. The property is on federal land administered by the BLM, and are outside of the BLM’s broadly defined area of sage grouse protection. There are no underlying annual lease payments on the property, nor are there any joint venture or carried interests on the property. There is an industry-standard royalty attached to the property, with a standard buy-back provision to VR. About VR Resources VR is an established junior exploration company focused on greenfields opportunities in copper and precious metals (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private company. The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition. The Company continues its normal course of business in 2021 within the framework of modified exploration programs in response to the COVID-19 pandemic, with the goal of ensuring the health and safety of staff and project personnel. ON BEHALF OF THE BOARD OF DIRECTORS: “Michael H. Gunning”____________________________Dr. Michael H. Gunning, PhD, PGeoPresident & CEO For general information please use the following: Website:www.vrr.ca Email:info@vrr.ca Phone:604-262-1104 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 “VR is focused squarely on targets for proximal, high temperature mineralization that represents the core to the overall CRD mineral system and source to the showings in the hills at Reveille.”, and “VR evaluates new opportunities on an ongoing basis, whether by staking or acquisition.” This news release contains 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 adjacent or similar properties are not necessarily indicative of mineral deposits on the Company’s properties. 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. Readers are urged to review all of the Company’s public disclosure filings available at www.sedar.com. 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 Photo 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ecaf877d-6df0-4fda-b036-be8bd832990b Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/03d72e8a-9342-4c31-8c0b-d8595997736d Figure 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b9774d61-5ef7-4f92-9809-3a5b0a8c09f6 Figure 3 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e5389da-46ff-40ef-9aac-34c127268139

  • VR completes Phase I drilling at its Reveille silver-copper property in Nevada, expands soil grid and plans for Phase II drilling in June
    GlobeNewswire

    VR completes Phase I drilling at its Reveille silver-copper property in Nevada, expands soil grid and plans for Phase II drilling in June

    Photo 1. RC drill program at VR’s Reveille silver-copper property in Nevada, March, 2021. Upper Photo: view north at drill hole RV21-003 with the drill rig on the T3 conductor shown in Figure 1, and the drill pad prepared on the G1 jasperoid target up the ridgeline, also shown on Figure 1. Lower photo: logging drill chips from 5 ft drill runs on the drill hole at T3. Figure 1. Location of drill holes and the 3D array DCIP geophysical survey completed in February-March, 2021, at the Reveille silver-copper property, plotted on a RTP magnetic base map derived from a high-resolution airborne EM survey completed by VR in July, 2020. Assays shown at workings are from VR sampling in June, 2020. The two dashed blue lines outline the northeast-southwest fold axis mapped by VR this summer which controls silver-copper mineralization at Reveille, with the magnetic anomaly in the pink contours as the potential driver and source of the fluids. The sample with 34 g/t gold is new, and G1 in the gravity low in the middle of the 600 m gold trend is the 5th and final hole to be completed in the next few weeks for the Phase I program. VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the "Company,” or “VR,” is pleased to provide a brief update on the maiden RC drill program at its Reveille silver-copper property in Nevada. Photo 1. Four of five RC (reverse circulation) drill holes planned for the Phase I program at Reveille were completed in ten days for a total of 4,347 feet by a truck-mounted TH75 rig. Each hole was between 1,000 and 1,200 ft long. Continuous geochemical sampling of every 5 ft run in each hole is complete, and hyperspectral scanning of each hole in its entirety is now underway. Hyperspectral data for mineral mapping is expected later in March, and assay data for silver, copper and gold, among a host of other elements are expected by the end of April. Figure 1. The 5 drill holes identified for this Phase I program are shown on the integrated exploration map in Figure 1. The specific targets for each hole include magnetic, conductivity, resistivity and gravity anomalies on the western flank of the range where there are geochemical vectors to the high temperature source of the silver and copper CRD hydrothermal system which formed the array of surface showings in the Reveille range to the east. It was decided to complete the fifth hole of the program, G1, designed to test a low-density gravity anomaly for a de-calcified, gold-bearing jasperoid breccia body in a few week’s time using a smaller, track-mounted rig that is better suited for the road and drill pad at G1 that are now “ready to go”, as shown in Photo 1. Context VR is exploring the covered valley on the western flank of the range because it has never been previously explored or drilled as the potential source and overall driver of the high-grade silver-copper mineralization at Reveille during the past 140 years of prospecting which has focused on the high-grade showings exposed in the hills of the Reveille range to the east. VR is focused squarely on targets for proximal, high temperature mineralization that are core to the overall CRD mineral system at Reveille based on an array of new geochemical data and element ratio vectors. Comment From VR’s CEO Dr. Michael Gunning, “We simply could not have asked for a more time-efficient and cost-effective drill program at Reveille, with some 4,300 feet completed in ten days. Further, completion of each and every hole to target depth of between 1,000 and 1,200 ft will deliver the vertical geochemical profile that we are looking for in this program, which, when integrated with grid-based soil geochemistry on the western flank of the range where our drilling is focused will improve our targeting just that much more for Phase II drilling. Hyperspectral scanning on the first four holes will be done over the next several weeks in Reno, Nevada, while we await the rig to complete the 5th and final hole a few weeks from now. As of the writing of this news release, more than 800 geochemical samples from the first four holes have been submitted to, and received by, the geochemical lab for processing. As well, the 3D array DCIP geophysical survey shown on Figure 1 and completed immediately prior to drilling has passed all data QAQC processes, and the Company expects to receive initial 3D inversion models for both resistivity and chargeability data by the end of this month. We are now making general preparations for Phase II drilling in June while we wait for the final geochemistry and hyperspectral mineral chemistry from Phase I to arrive, along with the final 3D IP inversion models. We have also expanded the soil geochemistry grid that was completed in December farther to the west to cover the same general area as the IP survey shown in Figure 1 where our drilling is focused. We look forward to providing further updates as our data come in and our drilling advances at Reveille this spring.” Technical Information Summary technical and geological information for the Company’s various exploration properties is available at the Company’s website at www.vrr.ca. VR has submitted RC chip samples collected from this drill program for geochemical analysis to the Bureau Veritas Minerals (“BV”) laboratory in Sparks, Nevada, where sample preparation is completed. Analytical work completed at the BV laboratories located in Vancouver, BC., includes ICP-MS analyses for base metals and trace elements, while gold determination is done at the Sparks, NV lab by fire assay atomic absorption spectrometry. Analytical results are subject to industry-standard and NI 43-101 compliant QAQC sample procedures at the laboratory, as described by BV, and with standard, duplicate and blank samples inserted internally by the company. Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, P.Geo., Exploration Manager & Chief Geologist at VR and a non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration projects and has reviewed the content of this news release. The Company’s CEO, Dr. Michael Gunning, P.Geo., is also a non-independent Qualified Person. About the Reveille Property The Reveille property is located approximately 90 km’s east of Tonopah, Nevada. Access is via Highway 6, with local roads and trails in and around the property itself. The Reveille property consists of 66 mineral claims in one contiguous block covering 1,344 acres (544 hectares) over an area of approximately 2 x 3 km’s. The property is on federal land administered by the BLM, and are outside of the BLM’s broadly defined area of sage grouse protection. There are no underlying annual lease payments on the property, nor are there any joint venture or carried interests on the property. There is an industry-standard royalty attached to the property, with a standard buy-back provision to VR. About VR Resources VR is an established junior exploration company focused on greenfields opportunities in copper and precious metals (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private company. The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition. The Company continues its normal course of business in 2021 within the framework of modified exploration programs in response to the COVID-19 pandemic, with the goal of ensuring the health and safety of staff and project personnel. ON BEHALF OF THE BOARD OF DIRECTORS: “Michael H. Gunning”____________________________Dr. Michael H. Gunning, PhD, PGeoPresident & CEO For general information please use the following: Website:www.vrr.caEmail:info@vrr.caPhone:604-262-1104 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 “we are making general preparations for Phase II drilling in June while we wait for the geochemistry and hyperspectral mineral chemistry from Phase I to arrive.”, and “VR evaluates new opportunities on an ongoing basis, whether by staking or acquisition.” This news release contains 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 adjacent or similar properties are not necessarily indicative of mineral deposits on the Company’s properties. 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. Readers are urged to review all of the Company’s public disclosure filings available at www.sedar.com. 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 Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c1b7996-c416-4538-8702-9469780c9a88 https://www.globenewswire.com/NewsRoom/AttachmentNg/7f00b076-3058-4a45-884e-3cc19ca7f724

  • VR discovers Lithium – REE mineralization at Hecla-Kilmer copper-gold project in northern Ontario, stakes new properties and commences gravity survey
    GlobeNewswire

    VR discovers Lithium – REE mineralization at Hecla-Kilmer copper-gold project in northern Ontario, stakes new properties and commences gravity survey

    Figure 1 Figure 1. Outline of detailed, ground-based gravity survey underway at Heckla-kilmer as of March 9th, 2021. The survey covers the RTP magnetic anomalies delineated in the core of the large, polyphase carbonatite complex. Drill holes HK20-001 – 004 completed in October, 2020, are shown in red triangles with yellow hole traces. Locations shown in white are additional drill holes already permitted. Drill core photos in the following figures show the high density mineralization and alteration zones which the gravity survey is designed to map in order to prioritize follow up drilling Photo 1a Photo 1a. 334 m depth in HK20-002; wholesale replacement of host rock by hematite, carbonate, apatite, chalcopyrite and pyrite, with a density of 3.46 g/cm3 and 1240 ppm Cu in top row of box. This type of alteration is elevated in the LREEs La, Ce, Y and P, and exemplifies copper deposition by IOCG-affinity fluids and cross cuts the intensely potassic altered sovite carbonate-fluorite dykes in the bottom two rows or core. Photo 1b Photo 1b. 380 m depth in HK20-002; 2cm clot of chalcopyrite in calcite-fluorite veining within host rock phonolite which is completely replaced by fine hydrothermal biotite, carbonate, magnetite and fluorite. Figure 2 Figure 2. Correlation of specific gravity and ThO2 content in drill holes HK20-002 and -004. The density spikes also correlate with elevated rare earth elements (REE’s) such as niobium, lanthanum, cerium, terbium and yttrium. Photo 2 Lithium mineralization discovered in drill hole HK20-002. A calcite-fluorite hydrothermal breccia spanning 160 - 170 metres contains blocks of disaggregated sovite dykes, fluorite veins and polyphase carbonate veins, and elevated concentrations of the rare earth elements (REE’s) yttrium-lanthanum-cerium in concert with the lithium. Figure 3 Figure 3. Graphic logs showing the correlation of high density to the broad interval of critical metal mineralization in the lower 49 metres of drill hole HK20-002. Photo 3 below shows examples of high density REE mineralization in drill core.Geochemical data in the right-hand log shows the correlation of elevated gold to occurrences of porphyritic phonolite dykes and associated breccias coloured pink in the strip log, which occur throughout the 600 m intersection of hydrothermal breccia and postassic alteration. Photo 3 Photo 3. Typical section tens of metres across of hydrothermal breccia with a variable dark red hue to the groundmass, and fragments of pale grey sovite dykes and green, altered phonolite dykes, all cut by fluorite-carbonate veins, and all overprinted by potassic alteration assemblages including magnetite, biotite, iron-rich chlorite, carbonate and fluorite. Note digestion of pale grey sovite dyke fragments, and the fluorite-carbonate veinlets cutting both the sovite fragments and the red-hued groundmass of the poly-lithic breccia. Photo 4 Photo 4. Intersection of niobium, thorium and REE mineralization at 585m in drill hole HK20-002 in hydrothermal breccia with digested fragments sovite dykes and an intense potassic alteration overprint dominated by coarse-grained hydrothermal biotite. A similar style of mineralization occurs over 49 metres starting at 50 m depth in HK20-004. There are up to 0.56% REE oxides and 0.15 % ThO2 in 1 metre core samples. The critical minerals reside in the pale grey, hexagonal and lathe-like REE phosphate minerals which are extremely dense, raising the specific gravity of the core from 3.0 to 3.52 g/cm3. VANCOUVER, British Columbia, March 11, 2021 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", or “VR”, is pleased to provide an update on compiled and integrated geochemical data from the recent four-hole reconnaissance drill program completed late in 2020 at its Hecla-Kilmer carbonatite property and copper-gold breccia target in northern Ontario (“H-K”). Results include: A broad intersection of lithium mineralization discovered in drill hole HK20-002;Broad intersections of critical minerals, niobium-thorium-REE (rare earth elements), discovered in drill holes HK20-002 and 004, with corresponding high density profiles confirmed in XRF scanning;Detailed ground-based gravity survey is now underway to identify potential high density anomalies related to either copper-sulfide mineralization, and/or niobium-REE concentrations (Figure 1). Context As described in the previous news release dated December 17th, 2020, fluorite-rich hydrothermal breccia and iron sulfides were intersected within a high temperature, potassic alteration system which comes to surface and has more than 600 m of continuous vertical extent in two drill holes, HK20-002 and 004. The Company has now received, integrated and interpreted all geochemical assay data and XRF mineral scanning data obtained from the four holes totalling 1,971 metres completed last fall. Key Results Chalcopyrite mineralization is confirmed in veinlets and scattered semi-solid sulfide replacement zones within hydrothermal breccia, with 1m assays of up to 0.12% (1240 ppm) (Photo 1). It occurs with hematite, magnetite, pyrite and apatite in zones of intense fenitization (potassic alteration) around and within phonolite dykes which are themselves elevated in gold, with 15-184 ppb gold over several + 40 metre intervals in drill hole HK20-002. A high density profile of 3.46 g/cm3 is confirmed by XRF specific gravity scanning across the zone of copper mineralization. Complete geochemical and XRF (X-ray diffraction) analytical datasets demonstrate two significant new aspects to the mineral system at H-K: Intersections of critical mineral and REE mineralization span 49 metres starting at 50 m depth in HK20-004 and more than 20 metres at 574m depth in HK20-002 (Figure 2). They contain: Up to 0.56 % combined La2O3, Ce2O3, and Y2O3 ;Elevated thorium up to 0.15 % ThO2 ;Anomalous niobium up to 0.13 % Nb2O5 ;As much as 33.7 ppm terbium, a heavy REE. The mineralization occurs in red-hued hydrothermal breccia with digested clasts of sovite dykes (Photo 3) and intense potassic alteration overprint (Photo 4). The two intersections have anomalous specific gravity profiles of 3.12 g/cc and 3.21 g/cc respectively, and their correlation across two drill holes some 200 m apart implies that the critical metal and REE mineralizing system at H-K has a vertical extent of more than 600 metres (see graphic logs in Figure 2). Lithium mineralization occurs in a broad interval of fluorite-carbonate hydrothermal breccia with 0.045 % LiO2 over 19.4 metres in drill hole HK20-002 (Figure 3). Light blue-gray alteration hues in the breccia is attributed to minerals such as spodumene. Fragmented and partially digested sovite-carbonatite dykes are common in these breccia zones (Photo 2). Heavy REE’s such as terbium are also anomalous in this zone alongside the HREE indicator yttrium. The high density profiles of the niobium – REE mineralization correlate with high phosophate and are therefor attributed to minerals such as pyrochlore, monazite and potentially allanite. Such minerals are favourable for REE recovery and are common within the niobium deposits at Oka in Quebec and Argor in northern Ontario, but they are also present in association with copper-gold mineralization in IOCG deposits such as Palabora in South Africa and Olympic Dam in Australia. Follow Up A detailed ground-based gravity survey is now underway. It covers a roughly 3.5 x 1.5 km area over all of the magnetic and EM targets previously outlined, and is focussed on the margins of the syenite intrusion that cores the polyphase carbonatite complex at H-K (Figure 1). The survey will include between 600 to 700 stations on an equant 100m grid, and is anticipated to take two weeks to complete. The company will complete 3D inversion processing and modeling of the data upon completion of the field survey. The goal of the gravity survey is to identify high density copper sulfide or niobium – thorium - REE zones within the iron-sulfide bearing, fluorite hydrothermal breccia system and dyke swarm at H-K. Immediate Action The Company has staked two additional properties totalling 89 claims based on the newly recognized strategic metal mineralization evident in the integrated data sets from the drill program last fall. The properties are approximately 15 km to the northeast and 5 km southeast of H-K, respectively. The targets are derived from a regional GIS workspace compiled and refined by VR during the past two years, since starting on the Ranoke copper-gold generative project in 2018. Comment From VR’s CEO Dr. Michael Gunning “Our goal at Hecla-Kilmer is to pursue the discovery potential for a new, large-scale copper-gold hydrothermal breccia mineral deposit in Canada. But the point of this news release is to confirm that the potential for discovery of a copper-gold breccia deposit at H-K is now expanded to include the discovery potential of strategic rare earth elements (REE’s) and critical battery metals such as lithium. Importantly, the La, Ce, Y and P signature now evident in our fully integrated geochemical data sets confirm the IOCG-affinity of the hydrothermal breccia system at H-K. The strong correlation between density and critical metal mineralization that we can also now see in our integrated XRF and geochemical assay data sets reinforces our conviction for the ability of the current ground gravity survey to improve our targeting for the follow-up drilling that is planned for H-K based on these new results from the maiden drill program last fall.” H-K has scale, both the overall complex itself, and the hydrothermal breccia system discovered within it, and it is that scale which I encourage our shareholders to appreciate when considering the potential significance and value of the newly recognized strategic minerals. The REE oxide concentrations in assay approach those in known deposits, but what is most significant is the scale, that is, their occurrence in hydrothermal breccia which dominates through two drill intersections each spanning more than 600 vertical metres and located 200 metres apart within the core of a polyphase complex some 5 km’s across for which our reconnaissance drilling for copper and gold has only just begun to test. We have a high degree of confidence in this lithium and REE discovery because of the correlation between independent XRF and geochemical assay data, as exemplified by yttrium, terbium and thorium. To further our understanding of this discovery, VR has initiated a second round of geochemical analyses to focus on full-suite REE detection, above and beyond the trace element indicator data currently in hand. As with the drill program completed this past fall, VR will work continuously with the helicopter and geophysical companies now on site at H-K to ensure for the safety of all workers during the current gravity survey with regard to the evolving and ongoing COVID-19 global pandemic. We look forward to providing future updates as we continue to advance our exploration at H-K.” Technical Information Summary technical and geological information for the Company’s various exploration properties is available at the Company’s website at www.vrr.ca. For the Hecla-Kilmer project, VR submits drill core for Minalyze XRF scanning and sawn drill core samples for geochemical assay to the SGS Canada Inc. (“SGS”) laboratory facilities in Sudbury, Ontario, with final geochemical analytical work done at the SGS laboratory located in Burnaby, BC., including ICP-MS and ICP-AES analyses for base metals and trace elements, and gold determination by atomic absorption assay. Analytical results are subject to industry-standard and NI 43-101 compliant QAQC sample procedures externally by the Company and internally at the laboratory, as described by SGS. Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, P.Geo., Exploration Manager and Chief Geologist at VR and a non-independent Qualified Person oversees and/or participates in all aspects of the Company’s mineral exploration projects, and the content of this news release has been reviewed on behalf of the Company by the CEO, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person. About Hecla-Kilmer The Hecla-Kilmer complex is located 35 kms southwest of the Company’s Ranoke property in northern Ontario. It is located 23 km’s northwest of the Ontario hydro-electric facility at Otter Rapids, the Ontario Northland Railway, and the northern terminus of Highway 634 which links the region to the towns of Cochrane and Kapuskasing along the northern Trans-Canada Highway located some 100 km’s to the south. The H-K property is large. It consists of 224 mineral claims in one contiguous block approximately 6 x 7 km’s in size and covering 4,617 hectares. The property is owned 100% by VR. There are no underlying annual lease payments on the property, nor are there any joint venture or back-in interests. There is an industry-standard royalty attached to the property, including a buy-back provision to VR. Like the Ranoke property, H-K is located on provincial crown land, with mineral rights administered by the provincial Ontario Ministry of Energy, Northern Development and Mines (MENDM). There are no annual payments, but the MENDM requires certain annual exploration expenditures and reporting. The property falls within the Moose Cree and Taykwa Tagamou First Nations traditional territories. Hecla-Kilmer (“H-K”) is a polyphase alkaline intrusive complex with carbonatite 4 – 6 km’s across, emplaced along the western margin of the crustal-scale Kapuskasing structural zone which bisects the Archean Superior Craton in northern Ontario. The opportunity for VR is to apply modern IOCG and carbonatite mineral deposit models and exploration technologies to H-K for the first time, ever. A shallow, six-hole diamond drill program was completed in 1970 as part of a regional base metal exploration program by Ashland Oil and Elgin Petroleum. One hole was abandoned, and only 854 m were completed in total in 5 holes, all on magnetic highs in the outer concentric zones of the complex. Selco Exploration Company completed two drill holes in 1981 on peripheral magnetic highs as part of a regional diamond exploration program, and intersected ultra-basic rocks and breccias in the outer, concentric zones of the polyphase H-K complex. A high resolution airborne magnetic survey was completed in the region for diamond exploration in 1993, after the afore-mentioned drilling. About VR Resources VR is an established junior exploration company focused on greenfields opportunities in copper and gold (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private company. The diverse experience and proven track record of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The Company focuses on underexplored, large-footprint mineral systems in the western United States and Canada, and is well financed for its exploration strategies and corporate obligations. VR owns its properties outright, and evaluates 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, PGeoPresident & CEO For general information please use the following: Website:www.vrr.caEmail:info@vrr.caPhone:604-262-1104 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 “The goal of the gravity survey is to identify high density copper sulfide and/or niobium - thorium - REE zones. “, “the potential relevance of the IOCG copper-gold breccia system at H-K is now expanded to include the strategic minerals”, and “VR evaluates new opportunities on an ongoing basis.” This news release may contain statements and/or information with respect to mineral properties and/or deposits which are near by to and/or are potentially similar to the Company’s mineral properties, but which the Company has no interest or rights to explore. Readers are cautioned that mineral deposits on near by or similar properties are not necessarily indicative of mineral deposits on the Company’s properties. 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. 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