VR Resources says the fall drill program is underway at its Hecla-Kilmer critical metals discovery in Ontario - Proactive Investors USA

The institution said that 4 to 5 holes are planned for a full of 2,000 meters and the programme is expected to instrumentality 4 to 5 weeks to complete

VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) revealed that drilling is underway astatine its ample Hecla-Kilmer (H-K) spot successful bluish Ontario.

The spot consists of 224 mineral claims successful 1 contiguous artifact astir 6 kilometers (km) by 7 km successful size and covering 4,617 hectares.

The Vancouver-based inferior exploration institution said drilling volition absorption connected 2 of 3 areas of high-grade captious metallic mineralization discovered by VR wrong a ample hydrothermal breccia strategy hosted wrong the alkaline analyzable with carbonatite astatine Hecla-Kilmer.

READ: VR Resources poised for drill programme astatine its Hecla-Kilmer captious metals discovery; closes 2 tranches of financings

According to VR, 4 to 5 holes are planned for a full of 2,000 meters (m) and the programme is expected to instrumentality 4 to 5 weeks to complete. Geochemical information is expected done year-end and into the archetypal 4th of 2023, said the company.

Drilling is being done from the firm’s exploration campy established successful 2020 connected backstage onshore astatine Otter Rapids, 23 km southeast of the property. The campy has "green" electrical service, situated astatine the terminus of Highway 634 which links the hydroelectric installation astatine Otter Rapids to the towns of Cochrane and Kapuskasing connected the bluish Trans-Canada Highway 11 to the south.

In a statement, VR Resources CEO Michael Gunning said: "It is bully to person the campy up and moving and the drill turning again connected our captious metallic find astatine Hecla-Kilmer.”

“The programme and attack astatine Hecla-Kilmer person advanced, from reconnaissance successful quality erstwhile our exploration began successful 2019, to advanced-stage delineation drilling successful this, our 4th program, which is targeting known, high-grade polymetallic mineralization intersected astatine oregon adjacent aboveground successful 3 abstracted areas spanning 2.5 km.”

The institution outlined the 2 circumstantial objectives of the autumn drill program:

• Delineate oregon widen the high-grade mineralization successful Hole 13  both down plunge to the southeast and on onslaught to the southwest on respective controlling structures;
• Track the high-grade mineralization successful Hole 15 connected the southbound rim of the analyzable on a controlling northeast-southwest operation evident connected determination and elaborate magnetic maps.

In addition, clip and upwind permitting, the institution said it volition measure completing an archetypal trial spread connected the southeast structural bound of the circular magnetic anomaly astatine the company's caller Northway spot located 12 km to the northeast of Hecla-Kilmer.

The firm’s drilling remains early-stage for a analyzable of the size of Hecla-Kilmer.

“That said, we person present intersected high-grade captious metallic mineralization that exceeds 1% Total Rare Earth Oxides successful 11 of the 17 holes completed to date,” noted Gunning. “Further, the caller 287m intersection successful Hole 13 highlights the imaginable for precise precocious in-situ values astatine Hecla-Kilmer owed to the unusually precocious proportionality of magnet REO's, and the polymetallic quality of the REE mineralization, which includes yttrium and niobium.”

VR is focused connected greenfield opportunities successful copper, golden and captious metals.

Contact the writer Uttara Choudhury astatine uttara@proactiveinvestors.com

Follow her connected Twitter: @UttaraProactive