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VR Extends H-ok crucial steel/REE Discovery to Over 1,000 Metres

figure 1.

Key intersections and drill collar locations for the nine drill holes completed by using VR at H-okay in 2020 and 2021, plotted on an RTP magnetic base map. shown in contours are the main magnetic anomalies from the 3D MVI inversion model of the magnetic facts. shown in shaded outline is the 3.5 mGal residual gravity anomaly derived from the ground-based mostly gravity survey completed in March, 2021. Drilling in 2021 confirmed the gravity anomaly, to augment the drilling in 2020 which focused components of the MVI magnetic anomalies.

figure 2.

3D MVI mannequin part alongside NNE vogue via drill holes HK20-002 and 004 (see figure 1), and additionally showing statistics for gap HK21-005 and 008. gap 5 is heading out of the part aircraft and in opposition t the view of the reader. Alteration intensity remains strong within the vital component of gap four the place mineralization drops off. coloured statistics along the drill trace characterize percent Nb2O5 with the aid of geochemical assay, with the black bar chart showing percent Nb2O5 by using XRF evaluation, which is calibrated to assay and correlates strongly.

figure 3.

Atlas of textures and mineralogy for the 255 m intersection REE and important aspect mineralization with gold in drill hole HK21-008. Core within the higher picture at a hundred seventy five-178m grades 0.56% TREO and zero.30% Nb2O5 and is hosted primarily in disseminated pyrochlore and calcite-apatite veins. The lessen picture with 1cm hexagonal crystals of apatite, pyrite and magnetite grades 0.76% TREO and zero.30% Nb2O5.

determine 4.

Drill holes and considerable gold occurrences plotted on a preliminary map derived from the new, ultra- excessive-resolution drone magnetic survey accomplished at H-ok in October, 2021. Analytic signal maps are, in essence, the sum of all magnetic vectors recorded, independent of polarization. The wide intervals of hydrothermal gold shown for Holes 2 and 6 contrast to a detection limit and heritage of 5ppb or much less of gold at H-ok. the brand new magnetic survey covers the core of the H-ok complicated, smartly past the area of this determine, and should be used to discover in additional detail the buildings which seem to control the gold-bearing fluids.

figure 5.

upper plot: picture logs showing the presence of hydrothermal gold elevated above history in drill holes with REE and demanding metallic mineralization at H-okay. assessment with the plan map in figure 4 shows the correlation of gold in Holes 2 and 6 to faults; reduce plot: correlation of gold to REE and lithium mineralization in gap 9, which is discovered on the northern extension of the controlling common fault proven in figure 4.

figure 6.

Examples of fluorapatite, fluorite and apatite in drill core from the northern part of the Hecla-Kilmer complex, and linked to REE mineralization with gold shown in figure 5. higher picture: open-house vein with clear, euhedral fluorapatite with intercrystalline apatite and calcite; center photo: red fluorite vein cutting carbonatite dyke and connected spacially to 0.5g/t gold sample; decrease photo: fluorescent fluorapatite as disseminated grains and veinlets with carbonate in sodic altered nepheline syenite host rock

  • experiences new 152 and 255 metre long intersections of essential metals and REE’s;
  • Outlines anomalous gold mineralization in 6 of 9 holes;
  • Completes drone magnetic survey in instruction for comply with up drilling this winter
  • VANCOUVER, British Columbia, Dec. 08, 2021 (GLOBE NEWSWIRE) — VR resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the “enterprise“, or “VR”, is completely satisfied to provide new geochemical information for the closing four drill holes from the five-gap program accomplished in October at its Hecla-Kilmer (“H-k”) project in northern Ontario.

    important Metals

    determine 1, appended to the end of this NR, shows the places and key intersections for the 9 drill holes completed to date at H-okay. supporting statistics are summarized in table 1 on the following web page herein.

    moreover the forty nine metre intersection of rare earth oxides (“REO”) and significant metals beginning at surface in gap 2 (NR-21-08; March eleven, 2021), and the 299 metre intersection in hole 5 and said ultimate month in NR-21-22, there are two new, extensive intersections of infrequent steel mineralization to record from the lately achieved drill campaign at H-okay which lengthen the system to greater than 1,000 m in length:

  • gap HK21-008: one hundred twenty m @ 0.fifty two% complete infrequent earth oxides (TREO(1)) beginning at 237 m, inside a broader interval of 255 m @ 0.16% Nb205 from a hundred twenty five m in keeping with calibrated XRF information, together with:
  • 35m @ 0.forty two% TREO and nil.18% Nb2O5 from 144 m;
  • 11m @ 0.71% TREO and zero.41% Nb2O5 from 324 m;
  • hole HK21-009: 152 m @ 0.fifty four% complete infrequent earth oxides (TREO(1)) starting at a hundred and twenty m, and together with:
  • 9 m @ 0.97% TREO and zero.18% Nb2O5 from 120 m;
  • four m @ 1.seventy five% TREO and zero.34% Nb2O5 from 243 m;
  • figure 2 shows the picture logs for niobium mineralization in Holes 002, 004, 005 and 008, alongside an indirect plane through the 3D MVI magnetic inversion model for H-okay. For reference, the MVI anomaly is proven in contour kind on the plan map in figure 1. be aware that now not all drill holes have been sampled continually for geochemistry; the XRF data is, besides the fact that children, continual for every gap, and calibrated with geochemistry.

    figure 3 suggests an atlas of drill core images of textures and mineralogy throughout the 255 metre intersection of REE – Nb mineralization, with gold, in hole 008. The mineralization is hosted in sulfide-bearing carbonatite dykes (phoscorite), fluorite-carbonate vein breccia and hydrothermal breccia containing apatite (REE’s) and pyrochlore (niobium). Host rocks in Holes four, 5, 8 and 9 shown in figure 1 are absolutely overprinted/changed by using a hot temperature, calc-potassic alteration assemblage which starts at surface and contains magnetite, biotite, amphibole and pyrite.

    GoldThe analytical detection restrict for gold in geochemical facts for H-okay is 5 ppb. As shown in figure 4, there's now proof for hydrothermal gold expanded above history in six of 9 drill holes assayed so far at Hecla Kilmer. Gold happens over considerable intervals in two holes:

  • gap HK21-006: 56 m @ 22 ppb gold, including 0.fifty two g/t gold over 1.02 m;
  • gap HK20-002: fifty three m @ 16 ppb gold, with as much as 184 ppb gold.
  • table 1: REE and demanding metal Intersections

    Drill gapReleased From (m) To (m) length (m) TREO(1) (%) MHREO(2) (%) MH-T(three) Li2O (ppm) Nb2O5 (%) Ta2O5 (ppm) ThO2 (ppm) HK21-008 New 144 179 35 0.forty two 0.03 9.1 % 176 0.18 14.6 111   New 237 357 a hundred and twenty 0.58 0.04 eight.2 % one hundred and one 0.20 21.6 147 addingNew 305 342 37 0.seventy four 0.05 7.6 % 89 0.32 36.9229 includingNew 324 335 11 0.seventy nine 0.05 6.6 % 108 0.41 49.7 269                         HK21-009 New 88 95 7 1.02 0.09 10.7 % 507 0.13 22.0 152   New one hundred twenty 272.15 152.15 0.fifty four 0.05 10.1 % 340 0.09 14.2 110 includingNew one hundred twenty 129 90.ninety seven 0.09 9.2 % 407 0.18 15.1 181 addingNew 196 202 6 0.ninety one 0.08 eight.5 % 420 0.07 11.0 380 addingNew 242 262 20 0.80 0.07 10.0 % 345 0.15 27.5148 includingNew 243 247 4 1.75 0.15 8.9 % 318 0.34 58.0 386                         HK21-005 NR-21-22 52 351.fifty three 299.fifty three 0.47 0.04 eight.6 % 94 0.18 23.8 135 addingNR-21-22 80.75 318.21 237.46 0.49 0.04 eight.2 % ninety one 0.20 27.3 149 addingNR-21-22 152 one hundred eighty 28 0.80 0.08 9.7 % seventy two 0.17 26.five252 addingNR-21-22 156 159 3 1.70 0.18 10.3 % fifty two 0.08 sixteen.1 562 addingNR-21-22 183 238 fifty five 0.44 0.03 7.5 % 106 0.23 25.four 123 addingNR-21-22 186 190 4 0.sixty one 0.04 6.9 % 114 0.forty two 28.2 159 includingNR-21-22 275 306 31 0.sixty one 0.04 6.0 % 102 0.31 33.four 215 addingNR-21-22 299 306 7 0.86 0.06 6.6 % ninety 0.42 45.5330                         HK20-002 NR-21-17 159.60 183 23.four 0.sixty three 0.06 9.9 % 427 0.05 8.three 152   NR-21-17 553 606 53.00 0.51 0.05 9.1 % one hundred thirty 0.12 17.1 390 addingNR-21-17 566.sixty five 585 18.35 0.67 0.07 9.4 % 114 0.14 18.8 548                         HK20-004 NR-21-20 forty.30 ninety eight.forty fifty eight.10 0.38 0.04 11 % 107 0.15 25.37 155 addingNR-21-20 fifty seven 60.21 3.21 1.44 0.15 10 % 119 0.17 25.20 438 includingNR-21-20 sixty seven.23 seventy eight 10.77 0.35 0.04 eleven % eighty two 0.27 50.12 259

    (1)   TREO is the summation of Ce2O3 + La2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3

    (2)   MHREO is the sum of the center and heavy rare earth oxides (Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3)

    (3)   MH-T is MHREO divided by way of TREO, expressed as a %.

    The drill holes with appreciable gold are highlighted in determine four, and geochemical strip logs are shown in determine 5. word the amazing correlation of gold, REE and lithium mineralization in gap 9. average, gold-bearing fluids at H-okay are always related to the same pervasively altered nepheline syenite porphyry intrusive unit that is involving the REE + Nb mineralization. both kinds of mineralization seem like controlled by way of large buildings which accommodated the emplacement of the multiphase igneous advanced itself, and the evolving hydrothermal breccia system linked to it (see figure four).

    As shown in the drill core photographs in determine 6, fluorite and apatite are frequently linked to carbonatite dykes and calcite veins in the vast intervals of REE + Nb mineralization with gold, and they're a constant attribute of the advanced hydrothermal fluid and breccia system at H-k, with the apatite accounting for phosphorous contents of up to 7.5% in geochemical records bought thus far.

    comment from the CEO on “What’s subsequent” for H-okay

    From VR’s CEO, Dr. Michael Gunning, “smartly, the stage is certainly now set for probably the most compelling drill software yet at H-k, planned for this upcoming winter. the discovery of these vast intersections of critical metals with in the neighborhood expanded gold provide a clear indication for the potential of the enormous and extremely-high temperature hydrothermal breccia device discovered ultimate yr when our drilling at H-k started.

    All of our geochemical facts at the moment are in hand. We proceed to work with the XRF information, together with a proprietary AI evaluation so that they can integrate the geochemical records with mineral and density statistics from XRF, and magnetic, structural, lithologic and alteration statistics from logging to boost our focused on for the next section of drilling.

    The drone (UAV) magnetic survey flown via Pioneer Exploration, Saskatoon, produced a really high resolution of records on account of a an awful lot tighter flight-line spacing of 25 m, a lessen “tree-precise” flight altitude of just 30 metres above floor, and a computerized flight manage paired with a brand new, very high sensitivity potassium-vapour magnetometer. The existing survey extends well beyond the enviornment proven in determine 4, and is being elevated this winter to cowl the complete multi-phase complex at H-k as a result of its utility is already apparent for mapping the simple intrusive phases, alteration, and the buildings involving gold-bearing fluids.

    Our drilling at H-k is early stage, yet the new data for holes six to 9 handiest reconfirm what we discovered from the primary 5 holes, specifically the poly-steel nature of the hydrothermal breccia and alteration equipment at H-ok. 4 distinctive styles of mineralization are already evident: 1. REE + Nb in veined and brecciated carbonatite dykes (Holes 2, 4, 5, eight and 9); 2. lithium mineralization in hydrothermal breccia (Holes 2 and 9); 3. copper sulfide in veinlets with iron and silica (gap 2), and; 4. expanded hydrothermal gold involving syenite porphyry dykes (Holes 2, 6, 8 and 9).

    The importance of the extended gold pronounced herein isn't the grade, however the lateral and vertical extent to which it's existing in the large-footprint hydrothermal breccia system at H-ok. The reader is noted NR-20-08 dated June 18th, 2020, for images of magnetite-copper-fluorite veins and alternative breccia in core from the historical 1970 drill holes located around the periphery of the complex, and gold grains retrieved from drill core rubble. the primary nine holes completed through VR some 50 years later deliver new information to verify this knowledge for copper and gold, and importantly, contemporary geological statistics to stronger take into account and probe for this fashion of mineralization across the complete advanced.

    We look ahead to offering further updates as we formulate plans for drilling this iciness. The aims are set and the advantage is clear: 1. test the constructions which manage the vast zones of REE + Nb mineralization with gold in the northern a part of the advanced for greater grades, and; 2. complete further reconnaissance drilling on the bigger magnetic anomaly located 2 – 3 kilometres to the southeast, on the southern margin of the complex, to evaluate all four varieties of mineralization discovered to date. To make sure, we have handiest simply all started to remember the controls of the mineralization in the northern magnetic anomaly, and the remainder of this significant and multiphase advanced at H-ok has yet to be drill-demonstrated, duration.”

    history

    Hecla-Kilmer (“H-okay”) is a large and multiphase alkaline intrusive complicated with carbonatite which is four – 6 km in diameter. it is Proterozoic in age, and changed into emplaced along the western margin of the crustal-scale Kapuskasing structural zone which bisects the Archean sophisticated Craton in northern Ontario.

    A shallow, six-hole diamond drill software was accomplished in 1970 as a part of a regional base metallic exploration software by Ashland Oil and Elgin Petroleum. One hole changed into deserted, and a scant 854 m were completed in total in the other 5 holes, all on magnetic highs in the outer concentric zones of the complex. No geochemical sampling or data are pronounced. Selco Exploration company accomplished two drill holes in 1981 on peripheral magnetic highs as part of a regional diamond exploration program; they intersected extremely-fundamental rocks and breccias peripheral to the outer, concentric zones of the multiphase H-k advanced. A regional airborne magnetic survey covering H-k changed into achieved in 1993 for diamond exploration, after the early drilling at H-okay; it provides high resolution element of a concentrically zoned magnetic anomaly at H-ok.

    The chance for VR is to be the first enterprise to observe contemporary IOCG and carbonatite mineral deposit models to discover the multiphase H-okay complicated and hydrothermal breccia device as a whole, and to use new exploration applied sciences not previously available when the ancient drilling changed into executed. VR achieved the primary airborne EM survey over H-k in June, 2020, the use of the state-of-the-art VTEM+ gadget of Geotech Ltd. Flown at a hundred m line spacing over a 6 x 7 km survey block for a complete of 450 line-km, the facts supply a excessive resolution of element. The company additionally had an unbiased, three-D inversion of both magnetic and EM facts completed for improved modeling. finally, a ground-primarily based gravity survey covering a local of 1.5 x three.5 km become completed in the iciness season of 2021, with high-resolution information generated from 597 stations on an equant grid spacing of 100 m.

    Technical counsel

    summary technical and geological counsel for the business’s a variety of exploration residences is attainable on the business’s web page at www.vrr.ca.

    VR submitted all drill core for GeologicAI XRF and SWIR scanning and chosen sawn drill core samples for geochemical assay to the ALS world Ltd. (“ALS”) laboratory facilities in Timmins, Ontario, with remaining geochemical analytical work completed at the ALS laboratory located in North Vancouver, BC, including lithium borate fusion, ICP-MS and ICP-AES analyses for base metals, hint aspects and entire-suite REE evaluation, and gold resolution with the aid of atomic absorption on fireplace assay. Analytical results are field to business-ordinary and NI 43-a hundred and one compliant QAQC pattern procedures externally with the aid of the enterprise and internally at the laboratory as described by using ALS. Samples from HK20-002 stated on July 22nd, 2021 were despatched to SGS Canada Inc. with a similar system and analysis, as described in previous news releases.

    XRF geochemical facts has been calibrated against all samples submitted for assay from both drill courses and are statistically in step with laboratory licensed effects and inner QAQC processes. Sawn drill core samples have been assayed in keeping with early XRF effects and followed mineralization elements. Geochemical analysis of the H-k drill core library is on-going.

    Technical tips for this information release has been prepared in response to the Canadian regulatory requirements set out in countrywide Instrument 43-101. Justin Daley, P.Geo., Exploration manager and Chief Geologist at VR and a non-independent certified person oversees and/or participates in all points of the enterprise’s mineral exploration projects, and the content of this information unlock has been reviewed on behalf of the company by using the CEO, Dr. Michael Gunning, P.Geo., a non-independent qualified adult.

    about the Hecla-Kilmer Property

    The Hecla-Kilmer complex is observed 35 km southwest of the business’s Ranoke property in northern Ontario. it's determined 23 km northwest of the Ontario hydro-electric facility at Otter Rapids, the Ontario Northland Railway, and the northern terminus of toll road 634 which hyperlinks the vicinity to the cities of Cochrane and Kapuskasing alongside the northern Trans-Canada motorway located some one hundred km to the south.

    The H-ok property is big. It incorporates 224 mineral claims in one contiguous block approximately 6 x 7 km in measurement and overlaying 4,617 hectares. The property is owned a hundred% by way of VR. There are no underlying annual rent payments on the property, nor are there any three way partnership or lower back-in pastimes. there is an industry-ordinary royalty connected to the property, together with a buy-back provision in favour of VR.

    just like the Ranoke property, H-k is discovered on provincial crown land, with mineral rights administered via the Ontario Ministry of Northern construction, Mines, herbal components and Forestry (“MNDM”). There are not any annual funds, however the MNDM requires certain annual exploration bills and reporting. The property falls within the average territories of the Moose Cree and Taykwa Tagamou First international locations.

    About VR resources

    VR is a longtime junior exploration business concentrated on greenfields alternatives in copper and gold (TSX.V: VRR; Frankfurt: 5VR; OTCQB: VRRCF). VR is the continuance of four years of lively exploration in Nevada via a Vancouver-based deepest business. The diverse event and proven music list of its Board in early-stage exploration, discovery and M&A is the foundation of VR. The enterprise focuses on underexplored, gigantic-footprint mineral programs in the western united states and Canada, and is smartly financed for its exploration ideas and corporate duties. VR owns its properties outright, and evaluates new opportunities on an ongoing basis, no matter if via staking or acquisition.

    The business continues its commonplace course of company in 2021 inside the framework of modified exploration classes in accordance with the COVID-19 pandemic, with the goal of making certain the health and defense of group of workers and challenge personnel.

    ON BEHALF OF THE BOARD OF administrators:

    “Michael H. Gunning”____________________________

    Dr. Michael H. Gunning, PhD, PGeoPresident & CEO

    For ordinary information please use here:

    web page:       www.vrr.ca                                 email:          data@vrr.ca                                 cellphone:         604-262-1104                                

    ahead searching Statements

    This press release includes forward-looking statements. ahead-looking statements are usually identified by way of phrases reminiscent of: agree with, expect, anticipate, intend, estimate, postulate and similar expressions or those which, by means of their nature, check with future hobbies. forward looking statements in this unencumber consist of these regarding the organizations upcoming plans, equivalent to “We look ahead to providing further updates as we formulate plans for drilling planned for this upcoming iciness”, and “VR evaluates new opportunities on an ongoing basis, no matter if by means of staking or acquisition.”

    This information free up contains statements and/or guidance with recognize to mineral homes and/or deposits that are adjacent to and/or probably akin to the business’s mineral residences, however which the company has no activity in nor rights to explore. Readers are recommended that mineral deposits on equivalent houses are not necessarily indicative of mineral deposits on the enterprise’s houses.

    besides the fact that children the business believes that using such statements is economical, there can be no assurance that such statements will prove to be accurate, and precise results and future hobbies may fluctuate materially from these anticipated in such statements. The company cautions buyers that any ahead-looking statements by using the company are not guarantees of future efficiency, and that actual results can also vary materially from those in ahead-searching statements. buying and selling within the securities of the company should still be considered totally speculative. the entire company’s public disclosure filings can be accessed by the use of www.sedar.com and readers are entreated to review these materials.

    Neither the TSX challenge alternate nor its rules functions provider (as that term is described in guidelines of the TSX mission alternate) accepts responsibility for the adequacy or accuracy of this liberate.

    pics accompanying this announcement can be found at:https://www.globenewswire.com/NewsRoom/AttachmentNg/fd4f8614-2fbc-4bc9-8ad7-7ecec410116ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/937babc2-5817-436d-b478-0e297c1c66bahttps://www.globenewswire.com/NewsRoom/AttachmentNg/8c11083a-0218-40bf-9548-c82d405e82f3https://www.globenewswire.com/NewsRoom/AttachmentNg/fd5da58b-6d2c-4923-879c-034539fbce9ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/e060e952-6561-49ba-b55c-d27b374fd0e0https://www.globenewswire.com/NewsRoom/AttachmentNg/d1f37140-28d1-43b1-ab0b-728498e9dfb8


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