VR Resources finds promising rare earth element grades in five drill holes at its Hecla-Kilmer project in Ontario - Proactive Investors USA

VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) has reported results from the archetypal of 5 drill holes completed successful the autumn of 2022 astatine its Hecla-Kilmer task successful Ontario. 

Five drill holes were completed successful November for a full of 1,437 meters, the institution said. To date, 21 holes person been completed, and information from the remaining drill holes is expected shortly.

Notably, the mineralization starts astatine the bedrock surface, beneath an overburden of glacial till. It is continuous successful quality from bedrock aboveground to the end-of-hole astatine 504 meters. 

READ: VR Resources says caller geochemical information increases PMREO contented of high-grade uncommon world constituent mineralization astatine Hecla-Kilmer successful Ontario

The uncommon world constituent (REE) mineralization remains unfastened to depth, and is arsenic beardown arsenic immoderate REE interval higher successful the 461-meter intersection, the institution said. 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.

In particular, determination are present intersections with much than 1% full uncommon world oxides (TREO), including 19-22% imperishable magnet REO elements (PMREO) successful 11 of the archetypal 17 holes. A afloat breakdown tin beryllium recovered here.

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, the institution noted.

Looking ahead, VR has commenced a survey of drill halfway samples from holes 13 and 15 utilizing scanning electron microprobe 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, the institution said.

Follow-up drilling is planned for the outpouring of 2023. It volition absorption connected supporting the 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.

Contact Andrew Kessel astatine andrew.kessel@proactiveinvestors.com

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