VR Resources Ltd. is responding to difficult drilling conditions and rising drill costs by suspending the current drill program at Ranoke, with plans to restart later this spring or summer when surface conditions improve. From VR’s CEO, Dr. Michael H. Gunning, “We can’t drill without water, and as of late last week, all surface waters at Ranoke were completely frozen, all ponds and all creeks. Delays and [...]
VR Resources Ltd. is pleased to confirm that drilling is underway at its Ranoke copper-gold project in northern Ontario. The first-pass, reconnaissance drill program started in November has resumed, and drilling is now underway on hole RK20-002 which targets the center of the large, sharply defined and high intensity gravity anomaly at Ranoke for a high density, hydrothermal iron oxide breccia body with copper and gold [...]
VR Resources is pleased to announce that it has completed its recently announced non-brokered private placement consisting of 1,483,493 flow-through common shares at a price of $0.365 for gross proceeds of $541,475. An insider of the Company participated in the Financing. The issuance of FT Shares to insiders of the Company pursuant to the Financing is considered to be a related party transaction within the meaning of TSX [...]
VR Resources Ltd. is pleased to announce a non-brokered flow-through private placement for gross proceeds of up to $541,475 in support of it’s 2020 exploration at its Ranoke copper-gold project in Ontario. The Financing will consist of up to 1,483,493 flow-through common shares at a price of $0.365 per FT Share. Certain insiders of the Company intend to participate in the Financing. The issuance of FT Shares to [...]
VR Resources is pleased to announce that it has identified a large and integrated IP and resistivity anomaly within the silica-adularia alteration cap and gold-silver geochemical anomaly at the Amsel property within its Big Ten gold project in the Walker Lane belt in western Nevada, and the Company will now move ahead with planning for first pass drilling of the large-scale epithermal gold-silver target. Figure 1. Plan [...]
VR Resources Ltd. is pleased to provide an exploration update for its Ranoke copper-gold project in northern Ontario. The window has closed for workable fall weather towards cost-effective drilling at Ranoke. The reconnaissance drill program started in November is now on hold until January when daylight hours are longer and weather is more stable. The drill rig and supplies remain on site so that start-up in January will [...]
VR Resources is pleased to provide an exploration update for its Big Ten epithermal gold project located in the Walker Lane mineral belt of west-central Nevada. Figure 1. Gold and silver are associated with sulfide in the Tertiary, epithermal quartz veins in the Big Ten mineral trend. Colloform banded quartz with sulfide, open space vugs with drusy quartz and sulfide, and rhyolite fragments in quartz vein breccia lined by [...]
VR Resources is pleased to announce that the first-pass drill program at its Ranoke copper-gold property in northern Ontario is now underway. From VR’s CEO Dr. Michael H. Gunning “The Company has been working on Ranoke continuously for nearly a year, the target is both large and clearly defined from an integration across numerous surveys, and we are now ready to drill. With funds in hand from the recently [...]
VR Resources Ltd. is pleased to announce that it has closed the second tranche and final tranche of the non-brokered private placement detailed in news releases dated October 16 and October 21, 2019. For the second tranche of the private placement, the Company issued 1,523,333 units at a price of $0.30 for gross proceeds of $457,000. The Company issued 761,666 share purchase warrants with each whole warrant exercisable [...]
British Columbia, Oct. 21, 2019 -- VR Resources Ltd. is pleased to announce that it has closed the first tranche of the non-brokered private placement detailed in a news release dated October 16, 2019. The first tranche closing consists of 1,999,998 flow-through common shares issued at a price of $0.38 per flow-through common share for gross proceeds of $760,000. The securities that were issued under the flow-through [...]
British Columbia, Oct. 16, 2019 -- VR Resources Ltd. , the , or , is pleased to announce that it intends to complete a non-brokered private placement of up to 1,000,000 units at a price of $0.30 per Unit and 1,973,684 Flow-Through Shares at a price of $0.38 per FT Share for aggregate proceeds of up to $1,050,000. Each Unit will consist of one common share of the Company and one-half of a common share purchase warrant [...]
VR Resources Ltd. , the "Company", or “VR”, is pleased to provide an update on recently completed surface exploration at its Amsel property, one of seven properties within its Big Ten epithermal gold project located in the Walker Lane mineral belt of west-central Nevada. Based on the results of the surface geochemistry program, The Company staked additional claims to double the size of the Amsel property so as [...]
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