VR Resources Ltd (TSXV: VRR) has discovered another high-grade zone of critical metals in one of two new areas of mineralisation at its Hecla-Kilmer (H-K) property located in northern Ontario.
- 25.5 metres @ 1.131% TREO with 18% as Magnet REO, within 55.2 metres @ 0.70% TREO starting less than 30 metres from bedrock surface in Hole HK22-015.
Context
These latest results provide new data for the final four holes of the recently completed drill programme at H-K, and in particular, the three reconnaissance holes HK22-014, 15 and 16 located 1.5 – 2.5 km to the south of the critical metal mineralisation discovered in 2020 and 2021 in the northern part of the complex.
Summary of New Data
The new, 55 metre intersection in Hole 015 is from the south rim of the complex, in a different structural block and some 2.5 km to the southeast of Hole 13 with the 243 metre intersection of 1.01 % TREO, including 65 metres @ 1.56% TREO that was announced on July 21, 2022, in NR-22-08.
New intersections are also provided in Table 1 for Holes 14 and 17. They extend the known, high grade mineralisation in Hole 13 farther to the west along the main east-west fault in the area:
- There are no less than 30 individual metre-scale veins from 0.5 – 0.98 % TREO in Hole 14, which collectively extend the mineralisation in Hole 13 some 250 m to the west along strike;
- In Hole 17 which targeted an RTP magnetic anomaly 200 x 700 m in size and located 400 m to the west farther still, there are no less than 62 individual, metre-scale veins from 0.5 – 3.3 % TREO within an intersection of continuous mineralisation over 287 metres grading 0.38% TREO, including 32 m @0.7% TREO, and individual samples up to 3.3.% TREO at the bottom of the hole; that mineralisation is open to depth with no evidence to constrain continuation based on styles of mineralisation and alteration in the drill hole.
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