VR Resources has received all geochemical data from its recently completed drill program at the New Boston porphyry copper-moly-silver project. Two reconnaissance drill holes were completed for a total of 1,310 metres on the eastern end of the polymetallic porphyry-skarn mineral system exposed on surface at New Boston over a strike length of 3 - 4 kilometres. The two holes test the East Zone conductor identified in a [...]
VR Resource is pleased to announce the voting results from the Company's Annual General Meeting of Shareholders held today, Thursday September 5th, 2024. A total of 36,200,969 common shares were voted at the Meeting, being 30.2% of the Company's total issued and outstanding common shares. A majority of shareholders voted in favor of the management resolutions brought before the Meeting, including: The number of directors [...]
VR Resources continues to advance its Kapuskasing Structural Zone regional exploration strategy for critical metals in northern Ontario. From VR's CEO, Dr. Michael Gunning, "The recent sale of the Hecla-Kilmer REE discovery highlights the success of the KSZ strategy, and frees-up the Company to advance its other properties in the district, shown in Figure 1, and also to evaluate new properties and new opportunities. Our [...]
VR Resources is pleased to announce that further to its news releases of March 11, 2024, April 26, 2024 and May 31, 2024, the Company has completed the sale of its Hecla-Kilmer REE mineral property to Neotech Metals Corp. In consideration for the sale of the Hecla-Kilmer project, the Company received a cash consideration of $1,000,000, as well as 4,000,000 common shares in the capital of NeoTech. The Neotech shares will [...]
VR Resources has completed the second hole and the maiden drill program on its New Boston polymetallic copper-moly-silver porphyry project in Nevada. Drill hole NB24-002 was completed to 709 m. Processing, logging and sampling of core continues. All assays are expected before the end of summer, and the total program of 1,310 m in two holes, continuously sampled, will be reported on in full at that time. Snapshot [...]
VR Resources announces that further to the Company's news releases of March 11, 2024, and April 26, 2024, wherein the Company announced that it had entered into a definitive agreement with Neotech Metals Corp. effective March 8, 2024, and subsequently amended on April 23, 2024, pursuant to which the Company agreed to sell to Neotech its 100% interest in the Hecla-Kilmer REE mineral property located in Ontario, the Company [...]
VR Resources has completed the first hole to target depth on its maiden drill program on its New Boston polymetallic copper-moly-silver porphyry project in Nevada. The drill is now turning on Hole 002. The Company does not expect to receive complete assays for the program until next month, if not July. Short of that, summary information and geologic observations are provided here for context, including a few drill core [...]
VR Resources, further to the Company's news release of March 11, 2024 wherein the Company announced that it had entered into a binding, definitive agreement with Neotech Metals Corp. effective March 8, 2024 pursuant to which the Company agreed to sell to Neotech its 100% interest in its Hecla-Kilmer REE mineral property located in Ontario, the parties have executed an amending agreement effective April 23, 2024 whereby [...]
VR Resources is pleased to announce that the drill is turning on its maiden drill program on its New Boston polymetallic copper-moly-silver porphyry system. The program is planned around 2 - 4 drill holes, for between 1,500 and 2,000 m in total, projected to take approximately one month to complete, with assays expected through May and June. Water supply, heavy equipment services, and camp are all located just six km from [...]
VR Resources Ltd. has received the final data from a state-of-the-art airborne hyperspectral survey covering its New Boston property and polymetallic Cu-Mo-Ag porphyry system in west-central Nevada, and the spring drill program has mobilized. From VR's President & CEO, Dr. Michael Gunning, "Historical, boots-on-the-ground exploration was completed by two renowned exploration groups at New Boston through the 1960s and [...]
VR Resources is pleased to announce it has Closed the previously announced, $900,000 financing, and plans are now underway to mobilize the drill program at its New Boston porphyry copper-moly system in Nevada. The terms of the Financing are unchanged from those announced on March 22nd in NR-24-05. The Company has issued 5,982,665 units at a price of $0.15 per Unit for gross proceeds of $897,400. Each Unit consists of one [...]
VR Resources has increased its previously announced private placement from $500,000 to $900,000. The terms of the financing are unchanged from those announced on March 14th in NR-24-004. The Company will issue 5,982,665 units at a price of $0.15 per Unit for gross proceeds of $897,400. Each Unit will consist of one common share of the Company, and one-half of one Common Share purchase warrant . Each Warrant entitles the [...]
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