- The drill is back at VR Resources' Reveille property in Nevada to test the jasperoid breccia-pipe gold target named G1
- VR was able to secure a track-mounted diamond drill rig on route to a nearby project in order to complete a core hole
- VR completed four RC holes in February for a total of 4,347 feet, each hole between 1,000 and 1,200 ft long
- The strongest gold anomaly on the entire Reveille property occurs at G1
- VR is an established junior exploration company focused on greenfields opportunities in copper and precious metals
- VR Resources Ltd. (VRR) is down 5.56 and is trading at C$0.34 at9:59 am ET.
VR Resources Ltd. (VRR) confirms that drilling has resumed at its Reveille property in Nevada.
VR was able to secure a track-mounted diamond drill rig on route to a nearby project in order to complete a core hole on the jasperoid breccia-pipe gold target at Reveille named G1.
The drill hole is located on a ridge of structurally controlled, gold-bearing jasperoid breccia related to a rhyolite intrusion which has replaced the host limestone stratigraphy along a fold hinge fault zone, with high-grade silver and copper in breccia zones to the northeast of G1 along with the same structure.
VR completed four RC (reverse circulation) holes in February for a total of 4,347 feet by a truck-mounted TH75 rig, each hole between 1,000 and 1,200 ft long, and each hole on a different target based on integrated data from structural mapping and rock geochemistry, and gravity, EM and magnetic geophysical surveys.
The G1 gravity target was not tested because the drill road and pad were not amenable to the truck-mounted RC rig.
While drilling the first four RC holes in February, RV received the geochemical data from a soil sample grid covering the entire western flank of the range and the western third of the property.
The data set consists of 287 samples on a 50 - 150 m spacing.
The strongest gold anomaly on the entire Reveille property occurs at G1, in association with the ridge spur of jasperoid breccia, and strongly correlated with arsenic-antimony-mercury and barium.
The G1 drill hole itself is collared specifically on high contrast and sharply defined gravity low anomaly and coincident multi-element soil anomaly in gold-arsenic-antimony-mercury-barium associated with extensive outcrops of jasperoid breccia on the ridge.
The G1 drill hole will test if the gravity anomaly is a decalcified, and therefore low density, gold-bearing jasperoid breccia-pipe developed in the host limestone.
The contours of the gravity indicate a sub-vertical, pipe-like geometry for the body, with strong structural control.
The geochemical attributes of the jasperoid and the soil anomaly are characteristic of a Carlin-style fluid system.
It developed on the same overall regional fault complex and caldera margin setting which accommodated the silver-copper CRD fluid system that was responsible for the historic workings in the hills to the east of G1.
The silver-copper and gold fluid systems are superimposed, which speaks to the strength of both the system driver and the host structure at Reveille.
VR is focused squarely on targets for proximal, high-temperature mineralizationthat represents the core to the overall CRD mineral system and source to the showings in the hills at Reveille.
The superimposed gold-arsenic-antimony-mercury-barium jasperoid anomaly, based on an array of new geochemical data and element ratio vectors that point to the western range flank and covered valley as the source area.
Comment from VR’s CEO Dr. Michael Gunning,
“Obtaining drill core as opposed to RC chips will give us stronger geological logs, better data from hyperspectral scanning for mineral alteration, valuable high definition photography of the entire hole, and stronger control for geochemical sampling."
"Our intent is to lay out a Phase II drill program at Reveille using the new geochemical data from the first five holes, in addition to the final inversion models from the 3D-array DCIP geophysical survey that was also completed in February," added Gunning.
The Reveille property is located approximately 90 km east of Tonopah, Nevada.
VR is an established junior exploration company focused on greenfields opportunities in copper and precious metals.
VR Resources Ltd. (VRR) is down 5.56 and is trading at C$0.34 at9:59 am ET.