- VR Resources (VRR) announced that it has intersected broad zones of silica-sulphide alteration at the company’s Amsel epithermal gold-silver property in Nevada
- The company has completed the first leg of a planned two-phase reconnaissance drill program
- Three reverse circulation holes on the northern IP anomaly have totalled 2,402 feet
- Each hole successfully intersected continuous silica-sulphide alteration through its entirety
- VR Resources is down 2.7 percent, trading at $0.36 at 1:33 p.m. ET
VR Resources (VRR) announced that it has intersected broad zones of silica-sulphide alteration at the company’s Amsel epithermal gold-silver property.
The property is located in west-central Nevada.
The Vancouver-based resource company has completed the first leg of a planned two-phase reconnaissance drill program at the property.
Three reverse circulation holes on the northern IP anomaly progressed to depths of 774 to 823 feet, for 2,402 feet in total.
Each hole successfully intersected continuous silica-sulphide alteration through its entirety.
“We are very pleased to have intersected the silica-sulphide alteration system that we were targeting below the altered cap unit that forms the hilltop at Amsel. Indeed, these first-ever drill holes into the heart of the epithermal gold system at Amsel confirm a strong vertical dimension to the large quartz-adularia alteration footprint that we have mapped on surface during the past four years,” said CEO Dr. Michael Gunning.
“Suffice it to say, and pending assays of course, our conviction is now strengthened to follow-up the sulfide alteration intersected in these initial RC holes by using diamond drilling this summer for the second leg of this first pass drilling so that we can properly test the full depth extent of the epithermal system at Amsel that is responsible for the surface alteration footprint covering some 2 x 3 km on the hill top.”
VR Resources is down 2.7 percent, trading at $0.36 at 1:33 p.m. ET.