VR Resources Ltd (CVE:VRR) unveiled this year's exploration plans for its Bonita porphyry copper-gold project in Nevada, where it has expanded its footprint by staking new claims and has a new target.
A further 36 claims were staked to the south and west of the property to cover new surface showings, the Vancouver-based company said.
The new area of interest at Bonita is called Rattlesnake, where there are clusters of historic workings of copper-bearing iron oxide vein breccia.
Surface exploration by the company at Rattlesnake has included geological mapping, rock sampling, and soil sampling.
Notably, copper-bearing iron carbonate and iron oxide vein breccias at Rattlesnake extend upwards into volcanic and sedimentary units which host the Bonita porphyry system.
VR says the Bonita porphyry has the potential to host one, or several porphyry copper stocks within its overall footprint, based on comparison with other porphyry copper camps of similar age and geological setting in North America.
"Four years of exploration at Bonita have unearthed a middle Jurassic porphyry copper-gold system that unifies showings of copper and gold-bearing iron oxide breccia across a hydrothermal alteration footprint nearly 5x7 km's in size," said CEO Dr. Gunning.
Another target added
"The work this summer at Rattlesnake added another target to the system. The past-producing Yerington camp to the south demonstrates the endowment of copper systems of this age in Nevada, and the Company continues to believe in the unusual upside of owning 100% of a district-scale property like Bonita."
Gunning added that the company would look at all strategic options to continue to advance Bonita in 2019; to complete the first pass drilling of the first two targets at Copper Queen and Hemco, and fully test the remaining four.
The current ground-based IP geophysics at Bonita will be expanded, including two new lines at Rattlesnake, the firm said.
VR Resources shares are unchanged in Toronto at $0.18.