VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) has outlined early exploration carried out this summer at its recently acquired Reveille silver-copper property in Nevada, which, it says shows the project's potential.
The work at the 1,157-acre property has included airborne surveying and electo-magnetic work, along with hand sample mapping and detailed rock sampling.
Results included six distinct distinct showings with vein and/or breccia mineralization containing over 100 grams per ton (g/t) silver and 1% copper. At the Silver Ace showing, 600 g/t silver and 0.7% copper was identified through geochemical work, while 2,600 g/t silver and 1.4% copper was identified at Lost City and 2,200 g/t silver and 1.2% copper at the Lincoln showing.
"I believe the high-grade silver and copper concentrations now confirmed at six different showings across the Reveille CRD mineral system speak for themselves as to the potential of this property," said VR Resources CEO Dr Michael Gunning.
"VR is also using state-of-the-art 3-D inversion modeling of airborne and ground-based gravity, resistivity, conductivity and magnetic geophysical data to develop specific drill targets for the root of the hydrothermal mineral system that has given rise to the surface showings at Reveille, and the high-grade geochemistry reported here," he added.
"Most but not all data sets are in hand. Upon final integration and interpretation of all data sets, VR will plan for a follow-up surface exploration program this fall. The goal will be to transition our exploration from property-scale to target scale, and we look forward to providing updates on this work later this year."
Separately, VR said it continued to prepare for first-pass drilling this fall at its nearby Amsel gold target in Nevada, and the Hecla Kilmer copper-gold breccia target in Ontario.
"We believe in the potential of these targets and their relevance to the continued strength of the copper and gold markets," added Dr Gunning.
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