VR Resources Ltd. has successfully intersected kimberlite breccia in drill hole NW23-003 collared into the heart of the 1.2 km magnetic anomaly on its Northway property. Drill hole NW23-003 was completed to 627 m. Some 350 m of kimberlite breccia was intersected below a sandstone cover starting at approximately 240 m depth, the same depth as in the previous two drill holes. The hole ended in xenolith-rich kimberlite [...]
VR Resources Ltd. is pleased to provide the results from the recently completed airborne gradient magnetic survey and ground-based 3D array DCIP survey on its New Boston property in Nevada. Figure 1: 15mV/V IP anomaly 950 m long, from surface to 500 m depth and open, which outlines the target for a mineralized porphyry intrusion below the Jeep Mine in the western part of the system of mineralized sheeted veins exposed on [...]
VR Resources is pleased to announce that drilling has resumed on the kimberlite diatreme breccia pipe complex at its Northway property. The magnetic anomaly associated with the kimberlite diatreme breccia intersected at Northway is from 900-1,200 metres across. The boundary conditions for the overall anomaly are sub-vertical; they are consistently and sharply defined on derivative magnetic plan maps and 3D inversion [...]
VR Resources Ltd. is pleased to announce it has closed the recently announced, non-brokered private placement for gross proceeds of $836,000. Plans are now underway to take advantage of the drill that remains on site at the nearby Hecla-Kilmer REE project in order to complete an additional drill hole later this month on the large kimberlite breccia complex discovered nearby at the Company's Northway property. Terms of the [...]
VR Resources Ltd. announces a non-brokered private placement for $800,000. The Company plans to direct the funds immediately into completion of an additional drill hole later this month into the large kimberlite breccia complex discovered at its Northway property. This drill hole will enable the Company to increase the amount of drill core available for the initial micro-diamond evaluation of the kimberlite at Northway [...]
VR Resources is pleased to provide the following update on its exploration activities: Three drill holes completed for 1,035 metres in three different areas of REE critical metal mineralization at its Hecla-Kilmer project in northern Ontario. Geochemical data are expected later this summer. The metallurgy and beneficiation study on dedicated drill core from Hole 013 is also underway, and results are also expected by late [...]
VR Resources Ltd. is pleased to announce that drilling has successfully intersected kimberlite diatreme breccia in Hole NW23-002 located in the center of the large magnetic anomaly, 1.2 km in diameter, at its Northway project located in northern Ontario. Hole NW23-002 is 450 metres northwest of hole 001 located on the southern edge of the anomaly, thus confirming the presence of a very large kimberlite diatreme breccia [...]
VR Resources Ltd. has strengthened its Corporate framework as drilling gets underway at its Northway kimberlite breccia pipe and Hecla-Kilmer REE critical metals project in northern Ontario. From VR's Founder and CEO, Dr. Michael Gunning; The expansion and strengthening of VR across our Board, Management and Technical teams conveys our conviction, and commitment to execution on three separate properties and opportunities [...]
VR Resources Ltd. is pleased to announce it has Closed the recently announced, non-brokered private placement for gross proceeds of $1.88M. Plans are now underway to commence drilling next month at the Company's REE critical metals project at Hecla-Kilmer and the kimberlite discovery nearby at Northway, located in northern Ontario. The First Tranche of the Financing was recently closed for gross proceeds of approximately [...]
VR Resources Ltd. is pleased to announce it has Closed $1.7M in the first tranche of the recently announced, non-brokered private placement of $2M . Plans are now underway to commence drilling next month at the Company's kimberlite discovery at Northway and REE project at Hecla-Kilmer, both. Proceeds from the first tranche of the Financing break down as follows: Flow Through private placement, consisting of 7,971,250 [...]
VR Resources Ltd. announces a $2m non-brokered private placement , with funds to be directed to drilling this spring for the initial micro-diamond evaluation at the Company's Northway kimberlite discovery, and for infill drilling and metallogeny at the Hecla-Kilmer REE critical mineral discovery, both. The private placement financing includes both flow-through and hard dollar units. The flow-through component will consist [...]
VR Resources reports that the diatreme breccia reported last fall at its Northway property. Highlights Drill core relationships suggest mid-Paleozoic age: Northway confirms the potential for a new kimberlite field in eastern Canada; VR has staked 20 new Tier 1 and Tier 2 targets; VR plans to drill the center of the 1,200 m anomaly at Northway in April. Description of Drill Hole Northway was staked directly by the Company [...]
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