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VR Resources Discovers Large Gravity Anomaly at its Ranoke Copper-Gold Property in Ontario

Mining News - Published on Fri, 23 Aug 2019

Image Source: Proactive Investors
VR Resources Ltd announced that it has discovered a large and high amplitude gravity anomaly co-spatial with the magnetic anomaly at Ranoke copper-gold property in northern Ontario. From VR’s CEO Dr Michael H Gunning, I am not sure that this airborne survey could have delivered a more definitive anomaly and more compelling evidence for a large and coherent body of high-density copper sulfide related to variably magnetic iron oxide minerals at Ranoke. Ranoke is in a tectonic setting favourable for a large IOCG system, and is surrounded by alkaline and ultramafic intrusions and diatremes which demonstrate a long-lived history of repeated intrusions along a crustal-scale mega-structure. This survey confirms and advances the potential for a large IOCG mineral deposit at Ranoke, one which VR has the expertise, conviction and funding to advance.

Dr Michael H Gunning, said that “To that end, I would like to acknowledge the work of Sander Geophysics Limited on the survey, from design and planning to final processing, and Condor Consulting Inc for independent 3-D inversion modeling; their expertise and rigour with gravity data, and commitment to understanding the context for this survey within VR’s integrated exploration database has increased our confidence in the robust and rooted character of the Ranoke anomaly in three dimensional space. We will ensure for a similar level of execution for the upcoming follow-up IP survey and look forward to providing further updates as our work advances.”

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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