VR Resources Ltd. announced that it is on the ground in Nevada completing final preparations for first-pass drilling at its Amsel gold-silver project in Nevada. Field crews cleared the main access road and prepared drill sites in the last two weeks of January, and the drill is expected to arrive on site this week to commence drilling. Drilling Plan: A short initial program of 4 – 6 holes is planned for February-March.

The topography and road access of the north anomaly are amenable for safe and effective drilling under winter conditions at elevation. The north IP anomaly occurs directly below surface outcrops of tuffisite breccia with epithermal textures including bladed quartz-carbonate (boiling), open-space, crustiform and banded quartz-adularia veins with local pyrite, and a widespread overprint of sericite and clay. These outcrops coincide with the strongest potassium alteration in the entire 2.2 km alteration footprint at Amsel, and surrounding soil contains up to 0.25 g/t gold and 2.2 g/t silver.

As such, the north IP anomaly is targeted as a structurally controlled precious metal bonanza zone that typically occurs below the boiling level in epithermal systems (e.g. Buchanan, 1981). Phase II: South IP anomaly and Grove anomaly. A longer program of 6 – 10 holes is planned for earliest summer, July and August, when conditions are more favorable for safe and efficient drilling on the eastern and southwestern flanks of the hilltop at Amsel where the Grove and the South IP anomalies occur, respectively.

The south IP anomaly is the largest, the most deeply rooted, and has the highest chargeability amplitude. It is also coincident with the strongest soil geochemistry which in addition to gold and silver includes the moly-lead-tungsten thallium signature which is indicative of high temperature proximal to the source, and magmatic driver of the overall epithermal fluid system. Overall Target Definition at Amsel VR is focused on the strong correlation between pyrite, adularia and gold-silver geochemistry in both rocks and soil at Amsel.

The objective is to discover pyrite-bearing quartz vein stockwork and breccia in the central root and driver of a low-sulfidation epithermal system responsible for the large and intense alteration footprint exposed at surface. The 2 x 3 km potassium airborne radiometric anomaly which covers the entire hilltop at Amsel correlates with a cap unit of more impermeable welded rhyolite tuff that impeded hydrothermal fluids and is extensively altered to an adularia-quartz-pyrite assemblage with a clay and sericite overprint. This correlation has been established via detailed mapping and grid-based rock sampling, soil sampling, spectral mineral mapping, and petrography completed during the past four years.

High crystallinity sericite mineral alteration occurs along the northwest-southeast structural trend of the faults which define the horst structure, based on hyperspectral mapping of grid-based rock samples from 135 stations over a 1.8 x 2.2 km area. Soil anomalies in gold-silver-arsenic occur over both parts of the IP anomaly, based on a soil survey including 165 samples in a 100 m equant station grid array covering the entire 2 x 3 km airborne potassium anomaly at Amsel. It includes 19 line-km over a 3.2 x 1.2 km grid area utilizing a 100 m station spacing for 150 receiver stations generating more than 95,000 dipole data points for the 3D inversion model.

IP chargeability anomalies are used to map pyrite, and pyrite correlates with gold in surface samples from Amsel itself and along the entire 20 km Big Ten mineral trend, and at the Round Mountain deposit located 45 km to the northwest.