Spring Exploration Bolsters Copper-Silver-Gold Targets at Junction Property, Nevada

Transcription

1 Vancuver, BC, Canada, V6C 1G8 Tel: ; Spring Explratin Blsters Cpper-Silver-Gld Targets at Junctin Prperty, Nevada NR July 11, 2018, Vancuver, B.C.: VR Resurces Ltd. (TSX.V: VRR, FSE: 5VR), the "Cmpany", r VR, is pleased t annunce that nging surface explratin has strengthened the targets within the high-grade cpper-silver-gld vein system at the Junctin prperty in nrthwestern Nevada. The Cmpany cntinues t cmpile and synthesize new data twards the priritizatin f targets fr a first-pass drill prgram at Junctin planned fr this fall. Three integrated targets are emerging alng the 6 km trend f surface cpper-silver-gld veins at Junctin (see satellite image in Figure 1 belw). Additinal figures illustrating the summary infrmatin belw are appended t this news release psted at the Cmpany s website ): Deni Summit Target (Figure 2): 1.5 km trend f surface shwings f cpper-silver-gld quartz veins and assciated pegmatites; Gld enrichment in 86 sil samples n 10 lines cvering 1 km f the surface trend f shwings; Ptassium depletin anmaly apprximately 800 m lng cincident with the sil anmaly, and cincident with an interir lw in the gravity high anmaly at the Deni Summit target. The ptassium depletin and gravity lw are ptentially indicative f alteratin; Chargeability anmaly frm surface t depth alng the dwn-dip extensin f the veins in the nrthern part f the trend, cincident with the gravity lw, the ptassium depletin anmaly, and the strngest (widest) part f the multi-statin, cpper-gld-tungsten sil anmaly. Lne Muntain Target (Figure 3): High cntrast magnetic anmaly apprximately 1 km in diameter cincident with numerus surface cpper ccurrences in area with abundant mapped pegmatite dykes and plugs; Numerus (7-8) cpper-silver-gld sil sample anmalies cincident with the magnetic high; Ptassium depletin anmaly (alteratin) cincident with the magnetic anmaly. Wilder Creek Target (Figure 4): High cntrast radimetric anmaly apprximately 1 by 2 km in size cincident with histric surface wrkings n cpper-silver-gld veins and pegmatites; Rbust cpper-silver sil anmaly (29 statins n 3 lines) cincident with surface shwings and the radimetric anmaly. Crrelatin f cpper and silver is nearly perfect (0.88) and cnsistent with the cpper-silver crrelatin evident at Deni Summit n the ppsite end f the 6 km trend. Cncentric magnetic ring anmaly up t 2 km s in diameter, centered n the radimetric anmaly and n the area f histric surface wrkings. Figure 5 is a reminder f the high-grade nature f the gld and silver cntent in the cpper sulfide cpper xide veins at Junctin, reinfrced further by the cnsistent crrelatin f cpper and silver in 117 grab samples frm acrss the entire 6 km trend f shwings. Phtgraphs f mineralized utcrps and hand samples are available at Cmmenting n the news tday, VR s CEO Dr. Gunning stated: Explratin this spring has reinfrced ur cnvictin fr the ptential f the Junctin cpper-silver-gld vein system. The new radimetric anmalies crrelate with existing gravity and sil gechemical anmalies at the Deni Summit and Wilder Creek shwings. The vectrs are becming clear fr drill testing the dwn-dip extensin f the plymetallic vein and dyke system in bth areas. Further, the

2 Vancuver, BC, Canada, V6C 1G8 Tel: ; cncentric magnetic anmalies encmpassing the Wilder Creek target highlight the ptential fr a larger intrusive bdy at depth as the surce f the mineralized pegmatite dykes at surface in that area. The Cmpany cntinues t evaluate and priritize the three main target areas at Junctin fr a ptential first pass diamnd drill prgram this fall. Additinal field wrk t start later this mnth t further refine targets will include: Detailed structural mapping at all three target areas; In-fill sil sampling at the Lne Muntain and Wilder Creek target areas. Wrk Summary, Spring 2018 A summary f explratin cmpleted at Junctin this spring includes: Airbrne magnetic and radimetric survey: 84 lines n 200 metre line spacing, with 100 metre-spaced infill lines ver key targets, fr 434 line-kilmeters in ttal cvering a 12 by 5 km survey blck cincident with the grund-based gravity survey; Grund gravity survey: prperty grid f 437 statins cllected ver a 13 by 4 km blck n a 400 metre statin grid, with 200 metre-spaced infill statins ver key targets; Induced Plarizatin gephysical survey (IP), Deni Summit target: tw test lines, 2 kilmetres lng each, run at bth 50 and 150 m statin intervals. The lines test (crss) the 1.5 km trend f surface cpper-silver-gld shwings, and the c-spatial gravity high anmaly and cpper- gld-tungsten sil anmaly; Sil sampling: 276 new sil samples n 11 lines cvering the varius shwings alng the 6 km length f the prperty, t augment the detailed existing survey f 307 sil samples n 16 lines cvering the Deni Summit target in the western part f the prperty. Abut the Junctin Prperty The Junctin prperty is lcated in Humbldt Cunty, near the Nevada Oregn brder, immediately east f Highway 140. The nearby twn f Deni Junctin is less than 6 kilmetres t the nrth, and facilitates effective and cst-efficient field explratin prgrams. The Cmpany has expertise t leverage and synergies t explit at Junctin by applying its explratin experience during the past fur years at its nearby Bnita prphyry cpper-gld prject. The Junctin prperty cnsists f 179 claims in tw blcks cvering 3,698 acres (1,497 hectares) in an area apprximately 10 by 3 kilmetres in size. The prperty is n land administered by the federal Bureau f Land Management (BLM), and is utside f the BLM s bradly defined area f prpsed sage gruse prtectin. The prperty is wned 100% by VR, registered t the Cmpany s whlly-wned, Nevada-registered US subsidiary Renntiger Resurces USA Ltd. Fifteen claims in the western part f the prperty and twenty claims in the eastern part f the prperty were acquired and are subject t a ryalty; the remaining 144 claims were staked directly by VR. There are n ther carried interests, jint venture interests, r back-in rights t any mineral claims at Junctin. Technical Infrmatin Summary technical infrmatin n the Junctin Prperty gelgy is available at the Cmpany s website at Samples fr gechemistry are submitted t the ALS Glbal ( ALS ) labratry facilities in Ren, Nevada, with final analytical wrk dne at the ALS labratries lcated in Vancuver, BC., including ICP-MS analyses fr base metals and trace elements, and gld determinatin by atmic absrptin assay. Analytical results are subject t industry-standard and NI cmpliant QAQC sample prcedures at the labratry, as described by ALS.

3 Vancuver, BC, Canada, V6C 1G8 Tel: ; Technical infrmatin fr this news release has been prepared in accrdance with the Canadian regulatry requirements set ut in Natinal Instrument Sctt Berdahl, P.Ge., Prject Develpment at VR and a nnindependent Qualified Persn bth versees and participates in all aspects f the Cmpany s mineral explratin at Junctin. The cntent f this news release has been reviewed n behalf f the Cmpany by the CEO, Dr. Michael Gunning, P.Ge., a nn-independent Qualified Persn. Abut VR Resurces VR is an emerging junir explratin cmpany in the cpper-gld space (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF). The diverse experience and prven track recrd f its Bard in early-stage explratin and discvery is the fundatin f VR. The Cmpany is fcused n explring large cpper-gld mineral systems in the western United States. VR is the cntinuance f 4 years f active explratin in Nevada by a Vancuver-based private explratin cmpany. VR is well financed fr its explratin strategy fcused n three cre assets: the Bnita, Junctin and Danb prperties. VR wns its explratin assets utright and evaluates new pprtunities n an nging basis, whether by staking r acquisitin. ON BEHALF OF THE BOARD OF DIRECTORS: Michael H. Gunning Dr. Michael H. Gunning, PhD, PGe President & CEO Fr general infrmatin please use the fllwing: Website: inf@vrr.ca Phne: Frward Lking Statements This press release cntains frward-lking statements. Frward-lking statements are typically identified by wrds such as: believe, expect, anticipate, intend, estimate, pstulate and similar expressins r are thse which, by their nature, refer t future events. Frward lking statements in this release include but are nt limited t: results have strengthened the targets within the high-grade cpper-silver-gld vein system; a first-pass drill prgram at Junctin is planned fr this fall. Althugh the Cmpany believes that the use f such statements is reasnable, there can be n assurance that such statements will prve t be accurate, and actual results and future events culd differ materially frm thse anticipated in such statements. The Cmpany cautins investrs that any frward-lking statements by the Cmpany are nt guarantees f future perfrmance, and that actual results may differ materially frm thse in frward-lking statements. Trading in the securities f the Cmpany shuld be cnsidered highly speculative. All f the Cmpany s public disclsure filings are available at and readers are urged t review them. Neither the TSX Venture Exchange nr its Regulatin Services Prvider (as that term is defined in Plicies f the TSX Venture Exchange) accepts respnsibility fr the adequacy r accuracy f this release.

4 Vancuver, BC, Canada, V6C 1G8 Tel: ; Figure 1. Lcatin f surface cpper-silver ccurrences at the Junctin prperty in nrthwestern Nevada, and the layut f the airbrne magnetic and radimetric survey flwn in June, 2018.

5 Vancuver, BC, Canada, V6C 1G8 Tel: ; Figure 2. Spatial crrelatin f gld enrichment in sil with surface cpper shwings at the Deni Summit target, reinfrced by the c-spatial airbrne radimetric anmaly (ptassium depletin) and the lw within the gravity high anmaly, bth indicative f alteratin.

6 Vancuver, BC, Canada, V6C 1G8 Tel: ; Figure 3. Lcatin f the large magnetic high anmaly at the Lne Muntain target, with a cincident ptassium depletin anmaly (alteratin), in an area with numerus pegmatite dykes and surface cpper-silver vein ccurrences.

7 Vancuver, BC, Canada, V6C 1G8 Tel: ; Figure 4. Spatial crrelatin f the radimetric anmaly at the Wilder Creek target with the histric wrkings fr cppergld, and their lcatin within a cncentric magnetic high anmaly.

8 Vancuver, BC, Canada, V6C 1G8 Tel: ; Figure 5. Select gld and silver values frm mre than 100 grab samples alng the 6 km trend f surface cpper ccurrences n the Junctin Prperty. There is a strng statistical crrelatin between cpper and silver evident in analytical data which des nt vary with respect t either grade r lcatin alng the 6 km trend f ccurrences.