VR extends continuous REE mineralization at Hecla-Kilmer to over 500 metre vertical depth in Hole 13, starting at surface and ending in 2.84 % TREO with gold - GlobeNewswire

• Drill Hole HK22-013: 361 m @ 0.96 % TREO⁽¹⁾ of which 20% are PMREO⁽²⁾ within 461 m @ 0.85 % TREO + 0.13% Nb₂O₅, starting astatine bedrock surface, and including:
  • 39 m @ 2.01 % TREO within 66.6 m @ 1.57 % TREO with 20% arsenic PMREO.
• The extended Hole to 504 metre extent ends with 2 m @ 2.84 % TREO and 1.1 g/t gold. Gold increases with TREO grades, and is associated with REE mineralization successful monazite.

VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the "Company", oregon “VR”, is pleased to study results from the archetypal of 5 drill holes completed past autumn astatine its Hecla-Kilmer task (“H-K”) and captious metallic find located successful Northern Ontario. Data from the remaining drill holes are expected shortly.

Five drill holes were completed astatine Hecla-Kilmer successful November, 2022, for 1,437m. The 21 drill holes completed to day are shown connected Figure 1.

The archetypal drill spread completed successful the autumn programme was an hold of Hole 13 completed successful June from 330 to 504 metres. The composite stratigraphic file successful Figure 2 provides caller information to exemplify the hold of the archetypal 291 metre intersection to 461 metres. Salient features include:

• Mineralization starts astatine the bedrock surface, beneath an overburden of glacial till;
• Mineralization is continuous successful nature, from bedrock aboveground to the end-of-hole astatine 504m;
• The REE mineralization remains open to depth, and is arsenic beardown arsenic immoderate REE interval higher successful the 461 m intersection; determination are nary systematic changes down the spread successful geology, density of carbonatite dykes and veins oregon strength of potassic alteration;
• There are 49 1 metre samples with > 2% TREO, and they span the full 504m hole;
• The proportionality of the precocious worth PMREO does not alteration from the scope of 17-22% of TREO;
• Gold mineralization astatine the bottommost of the spread correlates with a corresponding summation successful REE mineralization, and is portion of the aforesaid polymetallic fluid system.

Drill Core Photographs

A bid of 4 drill halfway photographs of the precocious people TREO mineralization from bedrock aboveground to 504 m extent successful spread HK22-013 travel Figure 2. They supply examples of the carbonatite dykes and vein breccia mineralization and associated precocious somesthesia potassic alteration overprint contiguous passim the full 461 metre intersection. Grades are provided successful each fig caption.

Significance

Scale. The imaginable of the polymetallic REE + Nb mineralization with golden astatine Hecla-Kilmer is leveraged by scale, the sheer lateral breadth of the hydrothermal breccia strategy and precocious somesthesia potassic alteration and the +500 metre vertical grade of REE mineralization intersected to date. The program representation successful Figure 2 provides the illustration:

1. There are present intersections with > 1% TREO including 19-22% PMREO successful 11 of the archetypal 17 holes;
2. There is continuous mineralization from bedrock aboveground to 504 m depth, and it remains open;
3. There is precocious people mineralization successful astatine slightest 3 abstracted areas which span 2.5 km of the complex.
   

PMREO Content. The accordant 17 – 22% proportionality of TREO mineralization contributed by the PMREO’s successful the 461 metre intersection successful Hole 13, peculiarly praseodymium, neodymium and terbium are comparable to, oregon exceeds their proportionality in, existing planetary best of breed REE mines astatine Bayan Obo successful China (the largest deposit) and astatine Mountain Pass successful California (the highest people deposit). For further comparison, published resources for astir Canadian REE deposits successful carbonatite mostly incorporate betwixt 12-15% PMREO, which is astir 40% little than the proportionality astatine Hecla-Kilmer.

PMREO are indispensable successful the manufacturing of motors for electrical vehicles and upwind vigor turbines, captious components successful the emerging greenish economy. The precocious terms of the 4 PMREOs (Neodymium, Praseodymium, Dysprosium and Terbium) successful satellite markets reflects the constraints connected request due to the fact that of the existent planetary monopoly controlled by China. As such, the consistently elevated levels of these precocious worth PMREO elements wrong all of the mineralized drill intersections astatine Hecla-Kilmer item the niche and worth imaginable of the Hecla-Kilmer find successful the discourse of known North American deposits, and request for caller accumulation going guardant successful effect to the Green Economy.

Gold. Visible golden grains were archetypal discovered astatine Hecla-Kilmer successful the remnant fines of historical drill halfway rubble recovered successful an abandoned tract camp. VR confirmed golden successful the strategy successful the 2nd drill spread of the task successful 2020, with 15-184 ppb golden reported implicit respective 10-40 metre intervals successful drill spread HK20-002, occurring successful powerfully altered porphyry dykes. The occurrence of 1.1 g/t gold implicit 2 m astatine the bottommost of Hole 13 successful relation with aggravated REE mineralization astatine 2.84 % TREO simply expands the imaginable of the broad, polymetallic hydrothermal vein and breccia strategy astatine Hecla-Kilmer.

Next Steps Planned for the Hecla-Kilmer Project successful 2023

This REE captious metallic find astatine H-K has progressed continuously since mineralization was archetypal intersected astatine aboveground successful Hole 4 during the archetypal reconnaissance programme successful October, 2020. Since then, VR has expanded geochemical techniques to see anaylsis by lithium-borate fusion to optimize detection of each REEs, and utilized QEMSCAN bladed conception investigation to qualify REE mineralogy. Going forward:

1. VR has commenced a survey of drill halfway samples from Holes 13 and 15 utilizing scanning electron microprobe (SEM) to find precisely which minerals big the precocious worth magnet uncommon world elements. Results are anticipated this quarter, and enactment volition beryllium ongoing done 2023;
2. VR has initiated the scoping for concentration, metallurgy and mineral extraction studies utilizing a bulk illustration obtained from halfway from a dedicated drill spread with a representative, wide intersection of REE mineralization starting astatine surface. This enactment is planned for the archetypal fractional of 2023, utilizing the world-class REE expertise astatine SGS Lakefield Laboratories successful Ontario.

Follow-up drilling is planned for the outpouring of 2023. It volition absorption connected supporting the afore-mentioned advanced-stage studies, and completing further drill holes to measure the grade of mineralization discovered successful the cardinal halfway and southbound rim of the complex.

The way guardant for this emerging find is strengthened by its location, conscionable 23 km to the westbound of the provincial hydroelectric dam astatine Otter Rapids, with supporting and progressive Ontario Northern railroad and Highway 634 infrastructure.

Technical Information

Summary method and geological accusation for the Company’s assorted exploration properties is disposable astatine the Company’s website astatine www.vrr.ca.

VR submits sawn drill halfway samples for geochemical assay to the ALS Global Ltd. (“ALS”) laboratory facilities successful Timmins oregon Thunder Bay, Ontario, with last geochemical analytical enactment done astatine the ALS laboratory located successful North Vancouver, BC., including lithium borate fusion, ICP-MS and ICP-AES analyses for basal metals, hint elements and full-suite REE analysis, and golden determination by atomic absorption connected occurrence assay. Analytical results are taxable to industry-standard and NI 43-101 compliant QAQC illustration procedures, including the systematic insertion of illustration duplicates, blanks and certified notation worldly (CRM) done some externally connected the task tract by the Company and internally astatine the laboratory by ALS, arsenic described by ALS.

Technical accusation for this quality merchandise has been prepared successful accordance with the Canadian regulatory requirements acceptable retired successful National Instrument 43-101. Justin Daley, P.Geo., VP Exploration and a non-independent Qualified Person oversees each aspects of the Company’s mineral exploration projects, and the contented of this quality merchandise has been reviewed connected behalf of the Company by the CEO, Dr. Michael Gunning, P.Geo., a non-independent Qualified Person.

**
(1) TREO is the summation of Ce2O3 + La2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3.
(2) PMREO is the sum of precocious worth uncommon world oxides utilized successful imperishable magnet motors and turbines utilized successful electrical vehicles and upwind turbines (Pr2O3 + Nd203 + Tb2O3 + Dy2O3).

About the Hecla-Kilmer Property

The Hecla-Kilmer analyzable is located 23 km northwest of the Ontario hydro-electric installation astatine Otter Rapids, the Ontario Northland Railway, and the bluish terminus of Highway 634 which links the portion to the towns of Cochrane and Kapuskasing to the south, itself located connected the bluish Trans-Canada Highway.

The H-K spot is large. It consists of 224 mineral claims successful 1 contiguous artifact astir 6 x 7 km successful size and covering 4,617 hectares. The spot is owned 100% by VR. There are nary underlying, yearly lease payments connected the property, nor are determination immoderate associated task oregon back-in interests. Hecla-Kilmer is located connected provincial crown land, with mineral rights administered by the Ontario Ministry of Northern Development, Mines, Natural Resources and Forestry (“MNDM”). There are nary yearly payments, but the MNDM requires definite yearly exploration expenditures and reporting. The spot falls wrong the accepted territories of the Moose Cree and Taykwa Tagamou First Nations.

About VR Resources

VR is an established inferior exploration institution focused connected greenfield’s opportunities successful captious metals, copper and golden (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR is the continuance of 4 years of progressive exploration successful Nevada by a Vancouver-based backstage company. The instauration of VR is the divers acquisition and proven way grounds of its Board successful early-stage exploration, find and M&A. The Company is well-financed for its exploration strategies and firm obligations, and focuses connected underexplored, large-footprint mineral systems successful the occidental United States and Canada. VR owns its properties outright and evaluates caller opportunities connected an ongoing basis, by staking oregon acquisition.

ON BEHALF OF THE BOARD OF DIRECTORS:

“Michael H. Gunning”
____________________________

Dr. Michael H. Gunning, PhD, PGeo
President & CEO

For wide accusation delight usage the following:

Forward Looking Statements

This property merchandise contains forward-looking statements. Forward-looking statements are typically identified by words specified as: believe, expect, anticipate, intend, estimate, postulate and akin expressions oregon those which, by their nature, notation to aboriginal events. Forward-looking statements successful this merchandise see those related to the company’s upcoming plans, specified as “Data from the remaining drill holes are expected shortly”, and “VR evaluates caller opportunities connected an ongoing basis.”

This quality merchandise contains statements and/or accusation with respect to mineral properties and/or deposits which are adjacent to and/or perchance akin to the Company’s mineral properties, but which the Company has nary involvement successful nor rights to explore. Readers are cautioned that mineral deposits connected akin properties are not needfully indicative of mineral deposits connected the Company’s properties.

Although the Company believes that the usage of specified statements is reasonable, determination tin beryllium nary assurance that specified statements volition beryllium to beryllium accurate, and existent results and aboriginal events could disagree materially from those anticipated successful specified statements. The Company cautions investors that immoderate forward-looking statements by the Company are not guarantees of aboriginal performance, and that existent results whitethorn disagree materially from those successful forward-looking statements. Trading successful the securities of the Company should beryllium considered highly speculative. All of the Company’s nationalist disclosure filings whitethorn beryllium accessed via www.sedar.com and readers are urged to reappraisal these materials.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that word is defined successful Policies of the TSX Venture Exchange) accepts work for the adequacy oregon accuracy of this release.

Figure 1. Locations of the 21 drill holes completed to day astatine Hecla-Kilmer, plotted connected a contoured RTP magnetic basal representation with superimposed 3D iso-shells from the MVI inversion is disposable at https://www.globenewswire.com/NewsRoom/AttachmentNg/965a92d0-da67-4e49-9f4d-ac31f3e4045b. Key intersections for captious metallic are highlighted for the archetypal 18 holes for which information are received, with information from 4 holes pending.

Figure 2. Graphic log for drill spread HK22-013, completed to 330 m successful June, 2022, and extended to 504m successful October is disposable at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d9ffae0-a1b9-4941-8c87-3576e4b334bd. The imperishable magnet REO elements (PMREO: Nd, Pr, Tb, and Dy) are shown arsenic a cumulative proportionality of full uncommon world oxide (TREO), and mean 19% of the 0.81% TREO people implicit 461 m, with neodymium by acold the astir abundant of the 4 PMREO’s. Note the golden successful relation with the summation successful TREO mineralization and PMREO contented astatine the bottommost of the hole.

Photo 1. Photograph of drill halfway from adjacent bedrock surface astatine the apical of drill spread HK20-004, located connected the aforesaid drill collar arsenic Hole 13, showing altered magnetite needles with absorption rims of pyrite–pyrrhotite–iron carbonate and bastnaesite (LREE)–pyrochlore (Na,Ca)₂Nb₂O₆(OH,F) successful a matrix of apatite with calcite inclusions containing monazite ((Ce,La,Nd,Th)PO₄), quartz and potassium feldspar is disposable at https://www.globenewswire.com/NewsRoom/AttachmentNg/f865656d-a5ab-4704-98e3-25b6c2ec7dc5. The magnetite-quartz-potassium feldspar assemblage is simply a precocious somesthesia potassic alteration facies.

Photo 2. Photograph of drill halfway with 2.2% TREO and 19% P205 at 219m successful drill spread HK22-013 is disposable at https://www.globenewswire.com/NewsRoom/AttachmentNg/884b72fd-47c0-47a7-962f-52a15583dfa9. Rare world constituent mineralization is amongst a myriad of carbonatite dykes (phoscorite and sovite) which themselves are chopped by fluorite-rich carbonate veins. Protolith alkaline igneous rocks are wholly replaced by a potassic alteration assemblage dominated by hydrothermal biotite.

Photo 3. Discrete phoscorite carbonatite vein 1.7% TREO astatine 366.8 m successful drill spread HK22-013 is disposable at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4c116d3-91a8-469d-8cf7-573eaf1ab76e. The vein is cored by pinkish apatite, and cuts fenitized ijolite porphyry big rock, with ample books of hydrothermal biotite and sulfide with hint amounts of chalcopyrite. Within the apatite vein are mm-scale crystals of monazite and parasite which lend to the 1.7% TREO people wrong this 1m sample. At apical of framework is simply a grey-green phoscorite with smaller biotite crystals; determination are nary observed differences successful people oregon mineralogy betwixt the 2 styles of REE mineralization.

Photo 4. Photograph of halfway astatine 504 m astatine the extremity of drill spread HK22-013, with 2m @ 2.84% TREO and 1.1 g/t gold is disposable at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d25bac0-a62d-47f0-94dd-190c1fd8fdff. Shown is the complete replacement of big stone by apatite-biotite-magnetite alteration. Gold assays are powerfully correlated with monazite geochemistry successful the bottommost 11 metres of the hole, indicating a golden - and REE-rich hydrothermal fluid phase.