VR Resources finds continuous mineralization of rare earth oxides in two drill holes at its Hecla-Kilmer project in Ontario - Proactive Investors USA

Follow-up drilling astatine the Hecla-Kilmer analyzable is planned for the outpouring of 2023

VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) has reported the 2nd batch of geochemical information for 2 drill holes completed past autumn astatine the southbound rim of its Hecla-Kilmer analyzable successful Ontario. 

Drill spread HK22-020 intersected 212 meters of continuous mineralization astatine 0.7% full uncommon world oxides (TREO) with 17% PMREO, with one-meter samples up to 2.7% TREO —one with 28.5% PMREO and different including 48 meters astatine 1% TREO with 19% PMREO astatine the extremity of the spread and unfastened to depth.

The 212-meter intersection successful spread HK22-020 is connected structure, on onslaught to the southeast of the 25.5 meters astatine 1.131% TREO with 18% PMREO intersected successful spread HK22-015.

READ: VR Resources finds promising uncommon world constituent grades successful 5 drill holes astatine its Hecla-Kilmer task successful Ontario

PMREO stands for the sum of the high-value uncommon world oxides Pr2O3 + Nd203 + Tb2O3 + Dy2O3 utilized successful imperishable magnets for upwind turbines and electrical vehicles. PMREO percent is adjacent to the PMREO sum divided by TREO.

“The captious metallic find astatine Hecla-Kilmer emphasizes the standard of the hydrothermal strategy evident successful drill halfway implicit an country of 2 x 3 kilometers,” CEO Michael Gunning said successful a statement. 

“[As good as] the fig of occurrences of implicit 1% TREO mineralization (at slightest 4 discovered to date); the higher-than-normal constituent of the high-value PMREOs (from 16–28% of TREO) and the location, some with respect to mineralization coming to bedrock aboveground astatine the basal of till and the determination of Hecla-Kilmer, conscionable 23 kilometers from provincial infrastructure,” helium added.

The southbound 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.

Upcoming drill program

Looking ahead, VR Resources has commenced a survey of drill halfway samples from holes 13 and 15 utilizing a scanning electron microprobe to find which minerals big the high-value magnet uncommon world elements. Results are expected this quarter, the institution said. 

Additionally, the institution said it has initiated the scoping for 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. 

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

Contact Andrew Kessel astatine andrew.kessel@proactiveinvestors.com

Follow him connected Twitter @andrew_kessel