VR Resources Stakes More Ground to Extend the Bonita Copper-Gold Property, Nevada
May 24 2017 - 03:30AM
VR Resources Ltd. (TSX-V:VRR) (FSE:5VR), the
"
Company", or “
VR”, is pleased to
announce that it has staked additional claims to increase the size
of its wholly owned Bonita copper-gold property located in
northwestern Nevada, USA.
The Company has increased the size of the Bonita
property by 32% by staking 103 claims which extend the existing
property of 326 claims farther to the south and east (see satellite
image at www.vrr.ca). The property now totals 429 claims
covering 3,586 ha, an area of approximately 5 x 6 kilometres.
The new claims cover ground the Company views as
prospective based on reconnaissance geological, geochemical and
geophysical data. The company fully expects to complete at
least one IP test line over one specific target on the new ground
during the current Induced Polarization (IP)
geophysical program (see previous news release dated May 11,
2017).
The Bonita property is large, encompassing a
district of historic copper, gold and iron showings. The
showings are unified by a single, district-scale hydrothermal
system with a large, mappable alteration footprint covering the
entire property, within which copper sulfide and gold
mineralization has been sampled by VR over an area of about 4 x 5
kilometres (see copper analyses on www.vrr.ca). VR has
identified 8 integrated and specific targets for buried porphyry
copper stocks within the overall hydrothermal system evident at
Bonita.
The Company continues to develop plans for a first pass drill
program at Bonita this summer. The Company looks forward to
providing further updates as exploration continues.
About the Bonita Property
The Bonita property is located in Humboldt
County in northwestern Nevada, USA, approximately 200 km northeast
of Reno, and 75 km northwest of the town of Winnemucca.
The Bonita property is large, consisting of one
contiguous block of 429 claims totaling 3,586 ha (8,862 acres),
covering an area of approximately 5 x 6 kilometres (see
satellite-based image at www.vrr.ca ). The property was
acquired by staking, and is owned 100% by VR, free and clear of any
interests or royalties. There are no government-required
exploration expenditures. VR has conducted successive
exploration programs at Bonita over the past 2 ½ years (see “work
programs summary” at www.vrr.ca).
There is very good road access both to, and
within, the Bonita property. Further, there is a national
railroad and state power line approximately 20 kilometres to the
south. Bonita is located in desert-like basin and range
physiography, affording nearly year-round working conditions.
Vegetation is sparse, and there are no towns or settlements near
the property.
Technical information for this news release has
been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101, and reviewed on
behalf of the Company by Dr. Michael Gunning P.Geo., a
non-independent Qualified Person.
About VR Resources
VR Resources Ltd. (“VR”) is a new listing in the
junior exploration space (TSX.V: VRR; Frankfurt: 5VR). The
diverse experience and proven track record of its Board in
early-stage exploration and discovery is the foundation of VR. The
Company is focused on discovering and delineating large deposits in
the western United States. VR is the continuance of 4 years
of active exploration in Nevada by a Vancouver-based private
exploration company. VR is well financed for a two year
exploration strategy already in-place, including first-pass
drilling of its core asset, the Bonita Property. VR owns its
exploration assets outright, and will evaluate new opportunities on
an ongoing basis, whether by staking or acquisition.
ON BEHALF OF THE BOARD OF
DIRECTORS:
“Michael Gunning”
________________________Michael Gunning, PhD,
PGeo President & CEO
Forward Looking Statements
This press release contains forward-looking
statements. Forward-looking statements are typically
identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions or are those which, by
their nature, refer to future events. Forward looking
statements in this release include but are not limited to
references to a two-year exploration strategy; completion of IP
test lines; first-pass drilling of its core asset and the
acquisition of new assets. Although the Company believes that
the use of such statements is reasonable, there can be no assurance
that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in
such statements. The Company cautions investors that any
forward-looking statements by the Company are not guarantees of
future performance, and that actual results may differ materially
from those in forward-looking statements. Trading in the
securities of the Company should be considered highly speculative.
All of the Company’s public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in Policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release
For general information please use the following:
Website: www.vrr.ca
Email: info@vrr.ca
Phone: 604-262-1104
Renmark Financial Communications Inc.
Barry Mire, Account Manager for VR:
E-mail: bmire@renmarkfinancial.com
Tel.: (416) 644-2020 or (514) 939-3989
Website: www.renmarkfinancial.com
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