- VR Resources (VRR) has released an update on its ongoing exploration at the Hecla-Kilmer property in northern Ontario
- Drilling intersected rare earth element (REE) mineralization in two holes
- The company will conduct follow-up drilling in the fall
- VR Resources is an established junior exploration company focused on Greenfields opportunities in copper and precious metals
- VR Resources (VRR) is up 15.56 per cent, trading at $0.52 per share
VR Resources (VRR) has released an update on its ongoing exploration at the Hecla-Kilmer property in northern Ontario.
The program was designed to explore the carbonatite complex and iron oxide copper gold ore deposits (IOCG) on the property.
Drilling intersected rare earth element (REE) mineralization in two holes on the eastern margin of an anomaly identified earlier this year.
Dr. Michael Gunning, CEO of VR, commented on the discovery.
“It is an important step forward to see that the re-assay of our sample pulps for Hole 2 [. . .] confirms [REE] presence in the high density breccia zones intersected last fall,” he said.
“Follow-up drilling this fall,” he added, “will target the center of the large density anomaly to evaluate the potential for significant copper and [. . .] at Hecla-Kilmer.”
The Hecla-Kilmer complex is located 35 kms southwest of the Company’s Ranoke property in northern Ontario. It consists of 224 mineral claims covering over 4,600 hectares of provincial crown land.
VR Resources is an established junior exploration company focused on Greenfields opportunities in copper and precious metals.
VR Resources (VRR) is up 15.56 per cent, trading at $0.52 per share as of 3:55 pm ET.