VR Resources Ltd. is pleased to announce it has Closed $1.7M in the first tranche of the recently announced, non-brokered private placement of $2M . Plans are now underway to commence drilling next month at the Company's kimberlite discovery at Northway and REE project at Hecla-Kilmer, both. Proceeds from the first tranche of the Financing break down as follows: Flow Through private placement, consisting of 7,971,250 [...]
VR Resources Ltd. announces a $2m non-brokered private placement , with funds to be directed to drilling this spring for the initial micro-diamond evaluation at the Company's Northway kimberlite discovery, and for infill drilling and metallogeny at the Hecla-Kilmer REE critical mineral discovery, both. The private placement financing includes both flow-through and hard dollar units. The flow-through component will consist [...]
VR Resources reports that the diatreme breccia reported last fall at its Northway property. Highlights Drill core relationships suggest mid-Paleozoic age: Northway confirms the potential for a new kimberlite field in eastern Canada; VR has staked 20 new Tier 1 and Tier 2 targets; VR plans to drill the center of the 1,200 m anomaly at Northway in April. Description of Drill Hole Northway was staked directly by the Company [...]
VR Resources Ltd. is pleased to report on the first phase of the mineralogy and metallurgy study of the REE critical metal mineralization at its Hecla-Kilmer project in northern Ontario. Highlights Scanning electron microprobe confirms PMREO minerals hosted in monazite and parisite, phosphate and fluorocarbonate minerals, respectively. The REE mineralogy is consistent. It does not change through the 461 m vertical [...]
VR Resources Ltd. is pleased to report the remaining geochemical data from the five-hole drill program completed last fall on its Hecla-Kilmer REE critical metal discovery. Drill Hole HK22-018 on a north-easterly structure from Hole 13 at Pike Zone: 2m @ 3.72% TREO with 33% PMREO, within 5m @ 1.73% TREO with 21% TREO, above 105 m @ 0.6% TREO with 18% PMREO at the end of the hole, and open to depth. Drill Hole HK20-001: on [...]
Drill Hole HK22-020: 212 m of continuous mineralization at 0.7% TREO with 17% PMREO, with one metre samples up to 2.7% TREO with 28.5% PMREO, and including 48 m @ 1.0 % TREO with 19% PMREO at the end of the hole, and open to depth. The 212 metre intersection in Hole HK22-020 is on structure, along-strike to the southeast of the 25.5 m @ 1.131% TREO with 18% PMREO intersected in Hole HK22-015. VANCOUVER, British Columbia [...]
Drill Hole HK22-013: 361 m @ 0.96 % TREO of which 20% are PMREO within 461 m @ 0.85 % TREO + 0.13% Nb2O5, starting at bedrock surface, and including: 39 m @ 2.01 % TREO within 66.6 m @ 1.57 % TREO with 20% as PMREO. The extended Hole to 504 metre depth ends with 2 m @ 2.84 % TREO and 1.1 g/t gold. Gold increases with TREO grades, and is associated with REE mineralization in monazite. VANCOUVER, British Columbia, Jan. 17 [...]
VR Resources Ltd. is pleased to report receipt of additional geochemical data which increases the PMREO content of the high-grade rare earth element mineralization intersected in HK22-013 at its Hecla-Kilmer critical metal project. The intersection for Hole 13, originally reported on July 21st, 2022 in NR-22-08, is now reported as: 243 m @ 1.02 % TREO, of which 21% are PMREO, within 287 m @ 0.90 % TREO, starting at [...]
VR Resources Ltd. is pleased to announce the successful completion of the fall drill program at its Hecla Kilmer project and critical metals discovery. 1,719 m completed in 6 drill holes, ranging from 147 - 396 m in length; 1,273 samples have been submitted for geochemical analysis. Program Summary VR has now completed 22 drill holes for a total of 8,767 m at Hecla Kilmer, in four programs starting in the fall of 2020 [...]
VR Resources Ltd. is pleased to announce, further to its news releases dated September 15 and 26, 2022, the second and final closing of the previously announced non-brokered Flow Through private placement. In connection with the second tranche closing of the FT Financing, the Company issued today an additional 1,670,000 FT Units. In addition to the FT Financing, the Company recently completed its second and final closing [...]
VR Resources Ltd. is pleased to announce that drilling is underway at its Hecla-Kilmer property. Drilling will focus on two of three areas of high grade critical metal mineralization discovered by VR within a large hydrothermal breccia system hosted within the multiphase alkaline complex with carbonatite at Hecla-Kilmer. Four to five holes are planned for a total of approximately 2,000 metres. The program is expected to [...]
VR Resources Ltd. is pleased to announce the closing of two tranches of its previous announced Flow Through and Hard dollar financings. A third and final closing is anticipated for the week of October 4th, in concert with the planned start-up of the fall drill program at the Company's discovery of high grade REE mineralization on its Hecla-Kilmer property in northern Ontario. In summary: Closed the first tranche of its [...]
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