Ongoing Exploration At Reveille Silver-Copper-Gold Property

VANCOUVER - VR Resources Ltd. reported on the ongoing exploration at its Reveille silver-copper and gold property in the Walker Lane gold-silver mineral belt in west-central Nevada. Drill hole RVD21-001 completed to 109.7 m confirms a breccia pipe starting at surface at G1. The drill program is extended, with plans to start next week to complete 3 additional RC drill holes to target the base of the G1 pipe and its controlling structure. Final data for the 3D-array DCIP geophysical survey completed in March define a new, large and high amplitude IP anomaly; both the IP grid and the property have been extended westward. The new IP anomaly in the covered and unexplored valley west of the Reveille range, the location of drill hole RVD21-001 just completed on the G1 gravity low anomaly, and the three RC holes located immediately to the west which are planned for next week to test the root of the breccia pipe intersected at G1.

CEO, Michael Gunning, said, “For our shareholders who have been following Reveille for the past year and who know that our goal has been to apply modern mineral deposit models and new exploration technologies to look for the center of the overall Carlin/CRD mineral system at Reveille, we believe the large and data-robust IP anomaly is exactly that; the source and the driver for the numerous historic and high grade silver-copper workings in the hills, but located in the covered and previously unexplored valley to the west. Our expansion of both the property and the IP grid farther west demonstrate our conviction for that potential. Planning for the additional IP work is underway, and we hope to have it completed at the end of this month. We continue down the path of building out Phase II of the drilling at Reveille once we have all geochemistry in hand and interpreted from the first phase of drilling, and now, complete 3D modeling of an expanded DCIP survey westward from the new IP anomaly in the valley. We plan to complete Phase II drilling some time this summer.

In the meantime, our decision to extend the drilling of the G1 gravity low for a gold-bearing jasperoid pipe speaks to our conviction of what we saw in the drill core rubble over the past few weeks; indeed, ground conditions that are tough for the drillers are commonly good for the geologists. We relate the textures and mineral assemblages evident in the drill core to the gold-silver-arsenic-antimony-mercury-barium multi-element geochemistry described for the G1 target previously reported.

Overall, we believe that this G1 drill hole, as difficult as it was to complete, proves the potential for the superposition of a Carlin-style gold fluid system on the CRD silver-copper system at Reveille, with gold-bearing jasperoid breccia hosted on the same regional-scale structures and caldera margin faults as the silver and copper. VR endeavors to bring modern mineral deposit modeling and state-of-the-art exploration technologies to historic and proven districts like Reveille in order to “turn up something new”, the new 3D-array DCIP technology sheds new light on targeting the roots of the G1 breccia pipe for sulfide with gold.