VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) has announced that drilling is now underway at its Hecla-Kilmer (HK) property in northwestern Ontario, where the company is targeting a copper-gold-rare-earth-element (REE) hydrothermal breccia.
VR Resources said the current program will comprise upwards of 3,000 metres of drilling involving the planned sinking of four to six holes, which is expected to take from four to six weeks to complete based on production rates from last year.
“HK has already proven itself as a REE-bearing IOCG (iron oxide copper gold) hydrothermal system of potential significance to the current discussions across industry and government bodies alike regarding the critical metals sector in North America,” VR Resources CEO Michael Gunning said in a statement.
READ: VR Resources set to mobilize next month for follow-up drill program at Hecla-Kilmer property, Ontario
“But it is the vertical extent of the breccia, the breadth of the REE intersections on the margin of the gravity anomaly, and the sheer scale of the anomaly itself and the multiphase carbonate complex it is hosted within which is perhaps even more relevant to our shareholders,” Gunning added.
“These factors combine to underscore the potential for this drill program to intersect a new copper-gold breccia deposit (IOCG) of size in North America.”
The company noted that geochemical data from this drilling is expected by year-end.
It added that it will also obtain high resolution magnetic susceptibility and density data hyperspectral data from the continuous scanning of core from each drill hole in its entirety with afield-portable x-ray fluorescence (XRF) unit.
VR Resources is a junior explorer advancing assets in Nevada and Ontario, with a focus of uncovering, using new techniques, large copper-gold mineral systems.
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