Phase II Drilling At The Reveille 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. Phase II drilling is underway in follow-up to results from the completion of 5 drill holes in March and in May for Phase I of the Reveille drill program. Four drill holes, each from 1,000 – 1,500 feet deep, are planned. Two drill holes are planned to test the roots of the breccia pipe at G1 intersected in over 100 m of drill core in the final hole of the Phase I program, and two holes are planned to test the core of the new IP anomaly at Kawich. The program is expected to take 2 – 3 weeks to complete, with geochemical results anticipated by the end of the summer, including complete hyperspectral scanning of drill chips for alteration mineral mapping. The expansion of the 3D array DCIP ground-based geophysical survey is complete and final, processed data are in hand. The large and high amplitude (>30mV/V) IP anomaly at Kawich that was announced previously.
The IP anomaly is near the margin of the Kawich caldera. The high grade silver-copper showings and historic workings exposed at surface in the Reveille range to the east are believed to be distal expressions of a hydrothermal fluid system centered on the Kawich IP anomaly and anchored by the deeply seated structures of the Kawich caldera. Support for this model from new drill data is provided in the next section.
A fence of four scout RC drill holes totaling more than 1,325 meters was completed for Phase I in March. They targeted magnetic, EM and gravity features along northeast trending structures mapped in the field which silver-copper mineralization and jasperoid formation in the Reveille range to the east. All geochemistry is now in hand from more than 800 samples from the continuous sampling of each drill hole in its entirety. Also, long-wave and short-wave infrared (LWIR and SWIR) hyperspectral scanning was completed on drill chips for the entire length of each hole in order to map alteration minerals. The drill holes did not intersect material concentrations of silver or copper; however, high temperature base metal zonation and trace element indicators including Cu-Mo-W-Tl-Zn-Sb-As provide a clear and robust vector within the carbonate host rocks in the hills towards the Kawich IP anomaly in the valley, and a proximal source area to the Reveille CRD/porphyry system overall.