The Vancouver-headquartered firm has recently completed reconnaissance drilling at the project, which, the firm says, has confirmed the new Cretaceous copper system.
"The upside potential of the porphyry-style potassic alteration and copper mineralization discovered in this drill program lies in its age," said VR's CEO Dr Michael Gunning.
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"It (Junction) is the same age as the Robinson porphyry copper deposit at Ely in east-central Nevada, with a history that dates back to 1876. Still in production today, KGHM Polska Miedz S.A. operates a large-scale open pit mine to recover copper, gold and molybdenum for export."
Gunning said that the company would advance Junction in 2019 based on the porphyry-style mineralization discovered by this drilling, the obvious exploration vectors using resistivity mapping, and the knowledge that we have a proven and significant analogue of the same age along trend to the southeast at Ely.
The firm said that copper mineralization found in one hole was associated with a high resistivity potassic alteration zone with hydrothermal magnetite.
Based on this drilling, the company said it will now focus on three anomalies along the 6 km trend of copper-bearing dykes at Junction in 2019.
The Junction property consists of 149 claims covering around 3,034 acres (1,227 hectares) within an area of around 7.5 by 3 kilometres.
The property is on land administered by the federal Bureau of Land Management (BLM) and is not impacted by the sage grouse protection program.
Shares were unchanged at $0.165.
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