VR Resources Ltd. announces a non-brokered flow-through private placement in order to confirm funds for a drill program planned for next month on its Hecla-Kilmer Critical Metals discovery. The Financing will consist of 5,000,000 units at a price of $0.18 per Unit for gross proceeds of up to $900,000. Each Unit will consist of one flow through common share of the Company and one-half of a non-flow through common share [...]
VR Resources Ltd. is pleased to announce that it has closed the first tranche its previously announced non-brokered private placement , consisting of 6,443,750 units at a price of $0.16 per Unit for total gross proceeds of $1,031,000. Each Unit consists of one common share of the Company and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at an [...]
VR Resources Ltd. announces a non-brokered private placement for gross proceeds of up to $4,000,000. The financing is a hard-dollar private placement, non-brokered, on a best efforts basis. It will consist of 25,000,000 units at a price of $0.16 per Unit for gross proceeds of up to $4,000,000, with each Unit consisting of one common share of the Company and one-half of a common share purchase warrant , with each whole [...]
VR Resources announces the discovery of another high grade zone of critical metals in one of two new areas of mineralization at its Hecla-Kilmer property. 25.5 m @ 1.131% TREO with 18% as Magnet REO*, within 55.2 m @ 0.70% TREO starting less than 30 m from bedrock surface in Hole HK22-015. Magnet REO: is PMREO divided by TREO and expressed as a percent. PMREO is the sum of the high-value rare earth oxides Pr2O3 + Nd203 [...]
VR Resources provides a brief update on its critical metal exploration strategy in northern Ontario. Ultra – high resolution drone magnetic data received for the recently staked. Northway property located 15 km to the northeast of Hecla-Kilmer; Application underway for new MNDM drill permit for Northway. From VR’s CEO, Dr. Michael Gunning, “Last November, VR announced the discovery of a new niobium-Rare Earth metals [...]
VR Resources Ltd. announces the broadest and strongest intersection to date of high grade rare earth elements and critical metals in Hole 13 from its Hecla-Kilmer property located in northern Ontario. 243 m @ 1.01% TREO, of which 19% are PMREO*, within 290 m @ 0.91% TREO starting at surface and continuous from top to bottom in Hole HK22-013, and including: 65 m at 1.66% TREO, starting at 155 metres, and including [...]
VR Resources Ltd. has received the assay data from the first two drill holes from the recently completed third drill program at its Hecla-Kilmer property. New critical metal intersections are highlighted below. Results for the six remaining holes are expected over the next 2 – 4 weeks. 80 m at 0.67% TREO within 131 metres at 0.41% TREO in Hole HK22-010; 13 m at 0.94% TREO within 88 metres at 0.50% TREO in Hole HK22-011.
VR Resources Ltd. has successfully completed the third drill program on its Hecla-Kilmer property and large-footprint copper-gold breccia target with critical metals. 2,751 m completed in 8 drill holes ranging from 249 – 378 m each; assays pending.. Plan map showing drill hole locations and the outline of the overall multiphase Hecla-Kilmer intrusive complex plotted on an RTP magnetic base map derived from the [...]
VR Resource has received all geochemical data from the first phase of drilling completed in March at its Amsel property. In three reverse circulation holes completed to depths ranging from of 774 – 823 ft, gold and silver mineralization was intersected in altered tuff in the upper parts of Holes 1 and 2, in the lower part of Hole 1, spanning about 200 vertical metres overall in the uppermost part of the epithermal [...]
VR Resources Ltd. is pleased to announce that drilling is underway at its Hecla-Kilmer property and large-footprint copper-gold breccia target with critical metals located in northern Ontario. The Program Four to six drill holes are planned on four new, and separate magnetic anomalies derived from the recently completed drone survey. Drilling should take approximately six weeks to complete, with assay data from [...]
VR Resources Ltd. is pleased to announce the start-up of exploration at its Hecla-Kilmer property and large-footprint copper-gold breccia target with critical metals located in Ontario. The exploration camp is re-established and operating at Otter Rapids; Extension of the ultra high-resolution drone magnetic survey from 2021 is complete, and; Drilling is expected to commence in approximately three weeks' time. The [...]
VR Resources has completed the first leg of the planned two-phase reconnaissance drill program at its Amsel epithermal gold-silver property located in west-central Nevada. Three reverse circulation holes on northern IP anomaly to depths of 774 - 823 ft, for 2,402 ft in total. Each hole successfully intersected continuous silica-sulphide alteration through its entirety. Water pressure at the 800 ft level resulted in the [...]
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