(via TheNewswire)
From VR’s President & CEO, Dr.
We completed a triaxial airborne magnetic survey last spring, including high-resolution radiometrics, followed by a 3-D array, DCIP survey on the ground utilizing the leading, and proprietary technologies at DIAS Geophysical. All three surveys differentiate unique signatures at
Airborne hyperspectral surveys map alteration minerals. They augment property-scale mapping on the ground by providing detailed mineral identification, including compositional variation, which cannot be done visually. Further, the system is especially responsive at New Boston thanks to the excellent bedrock exposure in the
For example,Figure 1: There is a strong correlation between high temperature clay minerals identified by the new hyperspectral survey with the potassic alteration in
There are no historic drill holes into the
The excavator in the photo taken last week inFigure 3shows you that we are ready to go. Please stay tuned as we mobilize this maiden drill program into what we believe is the high temperature center for copper vein stockwork mineralization in the eastern cell of the large footprint and polymetallic copper-moly-silver system at New Boston.”
Field Videos
A short video from the recent field visit, along with video from several previous site visits are available on the New Boston Project Page on the Company’s website at www.vrr.ca. Also, on the Home Page itself, is a 20 minute video review of the New Boston project and drill targets, illustrated in PowerPoint. Shareholders are encouraged to follow the Company’s YouTube and Instagram channels for further field updates as drilling progresses.
Technical Information
Summary technical and geological information for the Company’s various exploration properties including New Boston is available at the Company’s website atwww.vrr.ca.
Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.
About the New Boston Property
Location
New Boston is within the
New Boston is located in the
The property location facilitates cost-effective exploration, year-round. Access is from the nearby town of
Property Description
The New Boston property is large: it consists of 77 claims in one contiguous block approximately 3 x 5km in size and covering 583 hectares in total (1,441 acres). It covers the entire extent of the known copper-moly-silver porphyry-skarn mineral system exposed on surface between
The property is on federal land administered by the
The property is owned 100% by VR. There are no underlying annual lease payments; nor are there any joint venture or back-in interests. The vendor of the property retains a royalty.
Stock Option Allocation
The Company has approved an aggregate allocation of 1,725,000 incentive stock options at a price of
About
VR is an established junior exploration company based in
ON BEHALF OF THE BOARD OFDIRECTORS:
“Michael H. Gunning”
____________________________
Dr.
President & CEO
For general information please use the following:
Website: www.vrr.ca
Email: info@vrr.ca
Phone: 778-731-9292
Forward Looking Statements
This news release contains statements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements concerningVR’splans to drill its New Bostonproperty, and all other statements that are not statements of historical fact.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may electto, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
This news release may also contain statements and/or information with respect to mineral properties and/or deposits which are adjacent to and/or potentially similar to the Company’s mineral properties, but which the Company has no interest in nor rights to explore. Readers are cautioned that mineral deposits on similar properties are not necessarily indicative of mineral deposits on the Company’s properties.
Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed viawww.sedarplus.caand readers are urged to review them.
Neither the
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Figure 1. Hyperspectral data for clay alteration minerals plotted on Skywatch satellite image. The high temperature clays associated with potassic alteration at
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Figure 2.View east from the property last week, standing on the drill pad for NB24-001, the first hole in the pending drill program planned for this spring at New Boston, with
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Figure 3.View west into the
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