VR intersects 2.7% TREO with 28.5% PMREO at South Rim, the second area of high grade REE critical metals discovered at Hecla-Kilmer to-date - Saskatoon Star-Phoenix

VANCOUVER, British Columbia, Jan. 23, 2023 (GLOBE NEWSWIRE) — VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the “Company“, oregon “VR”, is pleased to study the 2nd batch of geochemical information for the 2 drill holes completed past autumn connected the South Rim of the Hecla-Kilmer analyzable (“H-K”) located successful bluish Ontario. Data from the past 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; provided are the cardinal REE captious metallic intersections which span an country of astir 2 x 3 km successful the occidental fractional of the multiphase alkaline analyzable astatine H-K.

The mineralization astatine South Rim with 2.7% TREO is shown successful Photo 1; apatite veins associated with carbonatite dykes and vein breccia, successful state stone that is 100% replaced by hydrothermal alteration.

The measurement imaginable for this new, mineralized operation connected the South Rim is illustrated successful Figure 2, connected a elaborate magnetic program representation and cross-section done the 3D MVI magnetic inversion model.

Significance

Multiple zones. This is the 2nd ample country of > 1% TREO mineralization discovered astatine Hecla-Kilmer. The caller information are from 2 holes connected the South Rim zone which is located astir 2.5 km to the southbound of the REE intersections antecedently reported for Pike zone, specified arsenic the 461 m intersection successful Hole 13 (NR23-001, January 17, 2023). Intersections successful three further areas volition beryllium followed-up successful 2023: astir Hole 17 to the westbound of Pike Zone; astir Hole 16 successful the halfway of the complex, and; astir Hole 1 to the southeast of Pike Zone.

PMREO grade.  The accordant 16 – 28% proportionality of PMREO successful the TREO mineralization astatine South Rim is accordant with mineralization astatine Pike Zone located 2.5 km to the north. This ratio is important due to the fact that of the precocious worth of the PMREOs successful effect to the request for imperishable magnets successful EVs and upwind turbines. For comparison, published resources for astir Canadian LREE deposits successful carbonatite mostly incorporate betwixt 12-15% of the precocious worth PMREO (e.g. neodymium), which is astir 40% little than the proportionality astatine Hecla-Kilmer.

Lateral scale. Like astatine Pike Zone, REE mineralization successful Holes 15, 19 and 20 astatine the South Rim is associated with carbonatite dykes, veins and vein breccia wrong precocious temperature, hydrothermal potassic alteration that is some intense and widespread, characterized by mineral assemblages dominated by magnetite, biotite, apatite, carbonate and disseminated sulfide. Importantly, these wide alteration envelopes connected operation are besides mineralized, arsenic successful the carbonatite dyke swarm of sovite breccia successful Hole 19, shown successful Photo 1; the sovite breccia is the confederate enarthrosis to the mineralized operation which was intersected successful Holes 15 and 20, which were inclined to the northbound and northeast respectively.

Vertical extent. The veins and vein breccia with up to 2.7% TREO with 28.5% PMREO successful Hole 20 hap wrong an intersection of 212 m of continuous mineralization grading 0.7%TREO, with the astir aggravated polymetallic mineralization of REE + Nb2O5 successful the little 48 metres, and unfastened to depth. This is akin to the aggravated REE mineralization astatine the bottommost of the 461 m intersection successful Hole 13 astatine Pike Zone, which is besides unfastened to depth.

CEO Comment and Drill Core Photos from Hecla-Kilmer

From VR’s CEO, Dr. Michael Gunning, “The
critical metallic find astatine Hecla-Kilmer emphasizes:

Consider that the South Rim is present the 4th country of mineralization astatine Hecla-Kilmer with grades successful idiosyncratic veins and breccia zones with 1 – 3 % TREO and containing 16 – 28 % PMREO:

The imaginable for each of these areas is two-fold:
1. Lateral continuity of TREO mineralization on structure, and;
2. TREO mineralization successful breccia systems with nary evident bounds to vertical extent.

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 investigation by lithium-borate fusion to optimize detection of each REEs, and utilized QEMSCAN bladed conception investigation to qualify REE mineralogy. Going forward:

Follow-up drilling is planned for the outpouring of 2023. It volition absorption connected supporting the afore-mentioned advanced-stage studies astatine Pike Zone, and completing further exploration drill holes connected the different 3 areas of mineralization discovered to date.

Overall, 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 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:
Website: www.vrr.ca                                 
Email: info@vrr.ca                                 
Phone: 604-262-1104                                

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. Key intersections for captious metallic are highlighted for the archetypal 19 holes for which information are received, with information from the 2 last holes pending. 

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Figure 2. Drill spread HK22-020 plotted connected the detailed, 2VD magnetic representation derived from the precocious solution drone magnetic survey completed successful 2022. Note the beardown correlation of mineralization successful drill holes 015 and 020 to the northeast-southwest atom of magnetic gradients, providing a wide vector for follow-up drilling. High PMREO contented is maintained on the trend. See Figure 1 for the determination of Holes 15 and 20 comparative to the full Hecla-Kilmer complex.

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Photo 1. South Rim Zone. Top Photo: carbonatite dyke (phoscorite) with REE-rich apatite and monazite matrix, and tiny biotite phenocrysts astatine 166m with 2.85% TREO including 28.5% PMREO wrong 261m astatine 0.7% TREO. Bottom photo: halfway seat photograph of carbonatite (sovite) dykes and vein breccia observed implicit tens of metres successful HK22-019. This is the archetypal reflection of apatite (orange-pink) successful a sovite (white calcite carbonatite) astatine H-K. This caller occurrence of mineralized sovite is simply a proximal indicator to the aggravated REE mineralization successful holes 15 and 20.

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Photo 2. Pike Zone. Photograph of drill halfway with 2.2% TREO and 19% P205 at 219m successful drill spread HK22-013. 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.

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Figure 3. West of Pike Zone. Photograph of drill halfway with 3.3% TREO astatine 291.65 m successful drill spread HK22-017 located fractional a kilometer southwest of Pike Zone. The precocious people TREO occurs towards the extremity of an wide intersection of 287 m of continuous TREO + Nb mineralization. The drill spread is located connected a RTP magnetic anomaly 200 x 700 m successful size. The halfway shows aggregates of magnetite successful a adjacent full calc-potassic fenite replacement of the big stone by calcite, apatite, REE minerals (monazite & bastnaesite), and amphibole.

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Photo 4. Central halfway of complex. Photograph of drill halfway with 1% TREO and 19% Fe₂O₃ astatine 94m successful drill spread HK22-016. This drill spread ran down the borderline of the MVI anomaly shown successful Figure 1 and volition beryllium followed up by investigating the bosom of the MVI anomaly. The REE mineralization is wrong an alkaline big stone that is wholly replaced by a sodic alteration characterized by pristine crystals of hydrothermal actinolite and magnetite cementing relic nepheline and orthoclase crystals, themselves altered to sodalite.

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