Confirmation Of IP And Conductivity Targets For Multiple Centers With Copper-Moly-Silver Porphyry System At New Boston Property

VANCOUVER - VR Resources Ltd. reported on the recently completed airborne gradient magnetic survey and ground-based 3D array DCIP survey on its New Boston property in Nevada.

CEO, Dr. Michael Gunning, said, “Technology matters.  Surface work and reconnaissance drilling at New Boston by Conoco, Gulf and Bear Creek in the 1960s and 70s established the sheer scale of the porphyry-skarn system across a strike length of 4 km of sheeted and stockwork veins exposed on surface, and significant grades and thickness of moly’ mineralization in numerous drill holes. But a sector collapse in 1981 left that work unfinished with regard to identifying and drilling a mineralized porphyry intrusion as the source for the sheeted and stockwork veins exposed at surface.  Some forty years later, new multi-sensor gradient magnetics and 3D array DCIP geophysical technologies that were not available to Conoco at the time now provide VR with a clear path forward to complete the story and undertake the drilling that was actually proposed by Conoco to follow up on the garnet-magnetite-biotite stockwork veins observed in drill holes NB-1 and NB-4 on either end of the system.

Conoco developed a 3.14 BT exploration model to encompass the mineralized sheeted veins at New Boston, exclusive of a porphyry stock that was inferred but not identified at the time. By using the results from new high-tech geophysical surveys, we believe that we can build on that model and confirm the presence of a mineralized porphyry centre (s) as the source for the system of sheeted veins at surface.

Our goal is to drill test the two main IP and conductivity targets. As shown in asatellite image the proximity of New Boston to state HWY 95 provides tremendous logistical advantages for drilling and advanced-stage exploration. In reviewing one can fully appreciate the clarity, strength and scale of the two targets now apparent at New Boston. We look forward to providing further updates as our exploration advances.”