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GlobeNewswire·

VR intersects 317 m at 0.77% CuEq starting at surface, above 419 m of 0.48% CuEq, in 881 m drill hole of continuous polymetallic stockwork veining at New Boston Porphyry-Skarn project, Nevada

VRRCF
  • VR Resources Limited announced geochemical results from drill hole NB26-003 at its New Boston property in west-central Nevada.
  • The hole reached a total depth of 881 meters (2,892 feet) and encountered nearly continuous mineralization across the entire core length.
  • Mineralization started at surface with 0.77% CuEq over 317 meters, containing molybdenum, tungsten, copper, silver, and zinc.
  • A second interval below 460 meters showed 0.48% CuEq over 419 meters, centered on a newly discovered mineralized diorite porphyry intrusion.
  • A high-grade interval of 33.4% CuEq was recorded over 2 meters at 535 meters depth, comprising 1.48% WO3, 0.32% Cu, and 427 g/t Ag in garnet marble skarn.
  • The diorite porphyry intrusion at 604 meters contained 0.98% CuEq over 31 meters and is not evident on surface or historic maps.
  • The system includes 21 observed porphyry intrusions ranging from quartz monzonite/dacite at the top to biotite granite porphyry at the bottom.
  • Tungsten grades reached up to 2.3% and molybdenum up to 1.0% throughout the 881-meter column.
  • Silver values up to 830 g/t were found over 1 meter in high-grade skarn zones, with low-grade silver present throughout the hole.
  • The drill hole demonstrates a kilometer-scale vertical dimension matching the 2.1 km surface strike of sheeted veins.
  • Mineralization was open at depth, with the hole terminated at 881 meters due to instability despite encountering strengthening potassic alteration.
  • The target was identified using a 3D-array DCIP geophysical survey completed in 2023, revealing anomalies not detected during 60 years of prior exploration.
  • Follow-up drilling is planned for the site, which is located near state highway 95, grid power, and rail infrastructure.
  • VR Resources intends to re-assay previous 2024 drill hole data using sodium peroxide fusion to accurately determine polymetallic grades including molybdenum, tungsten, and zinc.
  • All samples were analyzed by ALS Global using sodium peroxide fusion and ICP-MS/ICP-ES methods under NI 43-101 compliance.
  • Copper Equivalent (CuEq) calculations utilized metal prices of $1,900/MTU for tungsten, $20.00/lb for molybdenum, $4.50/lb for copper, and $35.00/oz for silver.