2019 Exploration On Porphyry Copper-Gold System In Nevada

VANCOUVER, BC - VR Resources Ltd. reported an update on its large, Bonita porphyry copper-gold property in Nevada.  New claims were staked to expand the property to the south and west to cover new surface copper showings.  This area was mapped and sampled following the summer 2018 drill program completed at the Hemco target in the northwestern part of the property. The Company will provide further updates for ongoing exploration at Bonita in 2019. 

The new area of interest at Bonita is named Rattlesnake. A total of 36 new claims cover numerous clusters of historic workings of copper-bearing specularite iron oxide vein breccia. Surface exploration by VR at Rattlesnake included geological mapping, rock sampling (21) and soil sampling (94 samples on 5 lines). Copper and silver assays of surface grab samples are similar to those taken elsewhere throughout the 5x7 km alteration footprint at Bonita.

Copper-bearing iron carbonate and iron oxide vein breccias at Rattlesnake commonly extend upwards into the folded volcanic and sedimentary units which are the host to the Bonita igneous complex and porphyry system.  The most intense chlorite alteration facies at Bonita occurs at Rattlesnake.  The alteration provides an exploration vector to the area north of the historic workings which is under cover and previously unexplored.

The Bonita porphyry copper system has the potential to host one, or several porphyry copper stocks within the overall 5x7 km hydrothermal footprint, based on comparison with other porphyry copper camps of similar age and tectonic setting in western North America. The Company is planning for additional ground-based IP geophysics and drilling in 2019 to advance and test this potential.

CEO Dr. Gunning said, “Four years of exploration at Bonita have unearthed a middle Jurassic porphyry copper-gold system that unifies showings of copper and gold - bearing iron oxide breccia across a hydrothermal alteration footprint nearly 5x7 km’s in size.  The work this summer at Rattlesnake added another target to the system. The past-producing Yerington camp to the south demonstrates the endowment of copper systems of this age in Nevada, and the Company continues to believe in the unusual upside of owning 100% of a district-scale property like Bonita. We will look at all strategic options to continue to advance the property in 2019; to complete the first pass drilling of the first two targets at Copper Queen and Hemco, and fully test the remaining four.  We look forward to providing updates as plans unfold.”

The company’s address is 1750, 700 West Pender St., Vancouver, BC V6C 1G8, (604) 262-1104, www.vrr.ca.