NOI Drill Permit Received For the New Boston Property

VANCOUVER - VR Resources Ltd. has received its first NOI drill permit for its New Boston property and polymetallic copper-moly-silver porphyry system located in west-central Nevada.

Satellite image with drill site locations in the Notice of Intent (NOI) drill permit applications for the East Zone and Jeep Mine areas, respectively.  Two separate NOI permit applications have been prepared to cover both the large IP chargeability anomaly at Jeep Mine and the large conductivity anomaly at East Zone (EZ), respectively.  The conductivity anomaly at East Zone is the priority and, as such, its NOI permit was submitted first and has been approved and received within the standard 15-day timeframe. The Jeep Mine NOI application has been similarly prepared for submission and timely approval.

CEO, Michael Gunning, said, “The East Zone permit is in hand, and a field meeting with drill companies to discuss how best to approach the East Zone conductor holes is now under our belt, so planning can begin. Conoco branded New Boston as world class and perhaps one of the largest known moly systems in the world at the time - during the porphyry exploration boom in western North America from the 1950s through the 1970s, before exploration came to a grinding halt in 1981.  We intend to finish what Conoco started at New Boston, by using new DCIP technology to image and discover a porphyry stock that they inferred at the heart of the system of sheeted veins, but could not identify and therefore did not drill test.  In addition, we will demonstrate, with the aid of modern, ICP-MS geochemistry, the polymetallic grade potential of the system at New Boston for copper and silver, in addition to the moly.

The US government has recently added copper to the top of its Critical Metal list for domestic, raw material supply for sustainable, downstream technologies and industries as the Green Economy emerges. Nevada has both a long history in mining and a well-established pedigree and endowment in copper, and we believe that New Boston has both the size and polymetallic grade composition to contribute.