Surface Gold And Silver Discovered At The Big Ten Gold Project

VANCOUVER, BC - VR Resources Ltd. continues to advance the Big Ten gold project in the Walker Lane belt in Nevada towards first-pass drilling of the Amsel target: 311 g/t Ag and 4.1 g/t Au discovered at surface in a grab sample of quartz-adularia altered tuff with a pervasive clay overprint from within the 2 x 3 km potassium anomaly at Amsel; The Company has increased the size of the Amsel property for the third time. It now constitutes 66 claims covering 1,363 acres, and covers the entire 2 x 3 km quartz-adularia alteration cap; & The Company has recently completed and filed on SEDAR an independent, NI 43-101 Technical Report on the Amsel property.

The surface sample is from high in the alteration cap at Amsel. It is both above and peripheral to the core target at Amsel, a paired IP – resistivity anomaly approximately 700 x 900 m in size and extending from surface to 500 m depth. The sample is also on the northern perimeter of the robust gold and silver anomaly at Amsel in both rock and soil grid geochemical surveys, with coincident high temperature elements W, Mo, Pb and Tl, and high temperature alteration minerals adularia and high crystallinity sericite.

The sample reported here is one of 135 grid samples collected systematically for alteration mineral mapping as opposed to visible mineralization. The sample grid covers the 1.8 x 2.2 km core of the larger, 2 x 3 km airborne radiometric potassium anomaly, and the samples were used for short-wave and long-wave infrared (SWIR & LWIR) spectral imaging in order to identify and map alteration minerals throughout the silica-adularia alteration cap at Amsel. Once completed, the hand samples were then submitted to ALS laboratories in Reno, NV, this winter for geochemical analysis.

CEO, Michael H. Gunning, said, “Simply put, we were not expecting the concentration of gold and silver mineralization reported here in a rock sample with minimal visible quartz veining, and located on the northern periphery of our integrated target at Amsel based on an array of integrated mapping, geochemical and geophysical surveys. VR has been exploring Amsel and the 20 km Big Ten trend continuously for three years. Gold and silver typically correlate with visible pyrite in banded quartz-adularia veins and vein breccia with both open space and colloform texture, yet the high silver and gold grade reported here are from a sample of tuff with pervasive, low temperature clay alteration with minimal veining. These rock photographs illustrate the point of this news release: that high grades in silver and gold are evident across the entire breadth of the 2 x 3 km quartz-adularia alteration cap at Amsel, and more importantly in a broad range of alteration and mineralization textures in host rhyolite tuff. Our actions to increase the size of the property, again, and complete an independent, NI 43-101 Technical Report on the property speak to our conviction on the potential of Amsel. We began working on the application for a Plan of Operations drill permit in January; field surveys required for the permit are expected to commence shortly as winter snows retreat, and we look forward to providing further updates as our work proceeds towards first-pass drilling at Amsel.”

The large and integrated anomaly for a low-sulfidation epithermal gold-silver deposit related to pyritic, quartz-adularia vein stockworks and breccia under the southwest flank of the hill at Amsel is previously unexplored. Historic exploration focused on the top of the hill where vegetation is sparse, topography is flat and outcrop is abundant, but it is also high in the hydrothermal system, weakly anomalous in gold and silver but entirely within the high-resistivity alteration cap to the mineral system. The grid-based spectral mineral mapping, petrology and grid-based rock and soil geochemistry done by VR, however, show clearly that the 2 x 3 km potassium anomaly relates to wholesale alteration of the tuff by adularia, and that the core of the system for gold and silver mineralization is specifically in the southwest quadrant of the airborne anomaly.