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VR Resources commences 2018 surface exploration

Mining News - Published on Thu, 19 Apr 2018

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VR Resources Ltd, announced that surface exploration is underway at its Junction copper-silver property in northwestern Nevada. A gravity survey is complete, and a large, high contrast gravity anomaly confirms the down-dip potential of copper-silver veins at the Denio Summit target in the western part of the property. An induced polarization survey is now underway to evaluate and refine the target.

A summary of exploration planned for this spring at Junction includes:

1. Gravity survey (maps appended to this news release): property grid of 437 stations collected over 13 by 4 kilometer block on 400 metre station grid, with 200 metre infills over key targets; regional map with 488 data points, based on integration of grid data with 51 public domain stations;

2. Induced Polarization geophysical survey: two test lines, 2 kilometres long each, over the Denio Summit gravity anomaly and adjacent surface copper-silver showings and copper-silver-gold-tungsten soil anomaly;

3. Airborne magnetic and radiometric survey: 200 metre spaced lines with 100 metre spaced infills over key targets for 440 line-kilometers overall covering a 12 by 5 kilometre survey block coincident with the ground-based gravity survey;

4. Soil sampling: approximately 400 new soil samples on 9 lines are planned, to complement 307 existing soils on 16 lines on Denio Summit target, in order to evaluate the Lone Mountain and Wilder Creek targets in the central and eastern part of the property;

5. The Company has increased the size of the Junction property for a fourth time by staking an additional 19 claims. The property is now 179 claims covering 3,698 acres (1,497 hectares) in an area approximately 7.5 by 3 kilometres in size.

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Posted By : Rabi Wangkhem on Thu, 19 Apr 2018
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