- VR Resources (VRR) has completed Phase II drilling at its Reveille silver-copper and gold property
- The Reveille Property is located in the Walker Lane gold-silver mineral belt in west-central Nevada
- The company completed four holes in the second phase of drilling, totalling 1,552 metres
- The drilling follows up on the geochemistry from the four Phase I drill holes completed in March
- VR Resources is down 5.88 per cent, trading at C$0.40 at 11:30 am ET
VR Resources (VRR) has completed Phase II drilling at its Reveille silver-copper and gold property.
The Vancouver mineral exploration company completed four holes in the second phase of drilling, totalling 1,552 metres.
The drilling follows up on the geochemistry from the four Phase I drill holes completed in March, and tests the Kawich anomaly that was delineated in the expanded 3D array, DCIP geophysical survey completed in May.
Continuous geochemical sampling was done on each hole in its entirety, and the samples have already been received for analysis. However, data is not anticipated until the end of the summer.
In the meantime, the company will complete LWIR and SWIR hyperspectral scans of all of the drill chips in order to map alteration minerals in detail.
“Although the start-up of this drilling was delayed, the production speaks for itself and contributed to a very efficient all-in program and budget. Overall, we are pleased to have the first-pass drilling of our primary targets at Reveille for the Phase I and II programs completed this early in 2021. The key initial finding from this program is the intersection and confirmation of sulfide at both of the IP anomalies that we tested. It is hosted in hydrothermally altered and replaced limestone. The sulfide generally occurs on bedding plane fractures, with quartz and calcite vein stockworks and hydrothermal breccias developed on major structures and at lithologic contacts.
We do not anticipate the geochemical data from sampling until the end of the summer, but there is much work to do in the meantime integrating the drill logs, the structural data from down-hole televiewer technology, and the alteration mineral data from hyperspectral scanning utilized on this program,” said VR CEO Dr. Michael Gunning.
The Reveille Property consists of 78 mineral claims in one contiguous block covering 1,586 acres over an area of approximately 2 by 3 kilometres. The property is on federal land administered by the Bureau of Land Management.
VR Resources is down 5.88 per cent, trading at C$0.40 at 11:30 am ET.