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VR Resources’s Ranoke Copper-Gold Property Exploration Is Underway In Ontario

Mining News - Published on Mon, 17 Jun 2019

Image Source: EIN News
VR Resources Ltd announced that exploration is underway at its recently staked Ranoke copper-gold property in northern Ontario. This work will refine drill targets already apparent from the compilation of regional government surveys and archived mineral exploration assessment reports. The Company has executed a service agreement with Sander Geophysics Ltd for an airborne geophysical survey which is now underway at Ranoke. Final data and reports are anticipated within 4-8 weeks. The fixed wing survey will produce high resolution gravity and magnetic data over a block approximately 13 x 14 kilometers in size, with a 200 meter line-spacing, and orthogonal tie lines flown on a one kilometer spacing for improved data modeling. The fixed-wing gravity system includes three separate cesium vapour magnetometer sensors to provide integrated horizontal gradient magnetic data.

The gravity signature of iron oxide copper gold deposits in Australia is well-established because of the high density of iron oxide and copper sulfide minerals in massive breccia form. The high sensitivity, low frequency AIRGrav system of Sander chosen for the Ranoke survey will achieve a sensitivity of 0.1mGal, and provide two key exploration vectors to evaluate, refine, and prioritize specific IOCG targets within the Ranoke magnetic complex for first-pass drill testing being considered for this fall.

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Posted By : Sanju Moirangthem on Mon, 17 Jun 2019
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