VR Resources Ltd (CVE:VRR) (OTCQB:VRRCF) has started follow-up work at its Reveille silver project in the Walker Lane mineral belt in Nevada in a bid to develop a first-pass drilling plan for next year.
In an exploration update on Tuesday, the group said a detailed soil survey (around 150 samples planned) over the target and the entire western flank of the property began last week, along with work to infill (101 infill stations planned) and extend a gravity survey completed in the summer.
As reported in September, work earlier this year at the 1,157-acre property included airborne surveying, electro-magnetic work, 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.
VR said that it had now identified a new, previously untested target for the potential core of the Reveille CRD silver-copper mineral system from analyzing various data.
"The field work we mobilized last week is in direct response to integrating anomalies from recently received 1D layered earth inversions of EM data with our own structural models based on mapping during the summer," said VR chief executive Dr Michael Gunning in a statement.
He said the firm would now cover the new target with a new soil grid and expand and infill the existing gravity survey for improved modeling.
"VR did not acquire the Reveille property to re-invent the wheel with regard to historic showings on the hills that have been prospected for some 150 years. By the use of numerous state-of-the-art exploration technologies, and application of modern CRD mineral deposit models for the western Cordillera, we now have the conviction for a target that we believe is at the heart of the Reveille system, with a potential that is underscored by the proven capacity of the Reveille hydrothermal fluids to carry and precipitate silver and copper at extremely high grades."
Gunning said VR was carrying out the follow up work now, before the onset of winter to refine a plan for first-pass drilling in 2021.
"In the meantime, the company continues to wait for its drill permit from the USFS for its nearby Amsel gold target located some 45 kilometres to the northwest. We believe in the potential of both of these properties in the current precious metal cycle, and we look forward to providing further updates as our work proceeds to year-end," he added.
VR Resources is focused on underexplored, large-footprint mineral systems in the western United States and Canada.
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