- VR Resources (VRR) is confirming additional critical metal intercepts at its Hecla-Kilmer Property
- The results stem from the property’s breccia target
- VR is aiming to be the first company to use new exploration technologies not previously available when the historic drilling was done
- VR Resources now has assay data from the first two drill holes from the recently completed third drill program, both of which have intercepted critical metals
- VR Resources is down 3.13 percent, trading at $0.16 at 12:44 pm ET
VR Resources (VRR) has confirmed the presence of additional critical metal intercepts at its Hecla-Kilmer Property.
The results stem from the property’s breccia target.
The Hecla-Kilmer Property is located in Northern Ontario.
VR Resources now has assay data from the first two drill holes from the recently completed third drill program at the property, both of which have intercepted critical metals.
The company is aiming to be the first company to apply modern IOCG and carbonatite mineral deposit models to explore the multiphase complex, and to use new exploration technologies not previously available when the historic drilling was done.
“Scale is important. VR has now confirmed REE’s and critical metals in 7 of 11 drill holes at Hecla-Kilmer, over intervals ranging from 50 to 299 metres, with total REE concentrations of 0.5 percent on average, and up to 2.3 percent TREO. Mineralization spans an area of approximately 700 x 1000 metres in the northwestern part of the complex, extending from the base of till at 42 metres in Hole 4 to more than 600 metres depth in Hole 2,” said VR CEO Dr. Michael Gunning.
“Drill core samples were submitted to the laboratories in sequence, as the holes were completed, so we now anticipate receiving the remainder of our data over the next four weeks, or so. The potassic alteration and hydrothermal veins and breccia which host the mineralization reported herein for Holes 10 and 11 are evident to the same extent in Holes 13, 14 and 17.”
VR Resources is down 3.13 percent, trading at $0.16 at 12:44 pm ET.