- VR Resources Ltd. (VRR) has discovered another high-grade zone of critical metals at its Hecla-Kilmer Property in Ontario
- HK22-014, -015, and -016, were done as reconnaissance work south of previously located mineralization
- Mineralization in the new discoveries starts at bedrock surface in all three follow-up holes
- Hole -015 will be tested for extensions in both directions along a trending structure
- Hole -016 will be followed up by testing the centre of a magnetic anomaly
- VR Resources Ltd. (VRR) is unchanged trading at $0.18 per share as of 2:23 p.m. ET.
VR Resources (VRR) has discovered another high-grade zone of critical metals mineralization at its Hecla-Kilmer Property in Ontario.
The company stated the new data is for the final four holes of the recently completed drill program at the property three of which, HK22-014, -015, and -016, were done as reconnaissance work south of previously located critical metal mineralization.
“Holes 15 and 16 confirm that the large, multiphase complex at Hecla-Kilmer has more than one center of carbonatite veins and hydrothermal breccia with high grade critical metal mineralization, while the broad intersection in hole 17 expands significantly the volume potential for the main area of mineralization discovered in the northwest part of the complex in our first two drill programs,” CEO of VR, Dr. Michael Gunning, said.
VR shared that the mineralization in the discoveries starts at the bedrock surface in all three follow-up holes. The high-grade mineralization in hole -015 will be tested for extensions along the northeast-southwest trending structure, and hole -016 will be followed up by testing the centre of a magnetic anomaly.
“Our existing permit at Hecla-Kilmer will facilitate follow-up drilling in all three areas of mineralization intersected at Hecla-Kilmer… application for a permit for first pass drilling of the Northway target… With that, we look forward to providing further updates as we commence our planning for continued exploration this fall,” Dr. Gunning said.
VR Resources Ltd. (VRR) is unchanged trading at $0.18 per share as of 2:23 p.m. ET.