VR Resources Ltd Encouraged by First Drill Holes on Amsel, Nevada Gold-Silver Property

Three reverse circulation holes were drilled on the North IP Anomaly to depths of 732 meters in total and all three achieved “continuous silica-sulfide alteration” throughout, the company said.

VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) said the first drill holes from its first phase of drilling at the Amsel epithermal gold-silver property in Nevada, United States, have strengthened his belief in the property’s potential.

Three reverse circulation (RC) holes were drilled on the northern IP anomaly to depths of 732 meters (m) in total and all three achieved “continuous silica-sulfide alteration” throughout, the company noted.

“Suffice it to say, and pending assays of course, our conviction is now strengthened to follow the sulphide alteration intersected in these first RC holes using diamond drilling this summer for the second stage of this drilling of first pass so that we can properly test the full depth of the Amsel epithermal system which is responsible for the surface weathering footprint covering approximately 2 x 3 km at the top of the hill,” said VR CEO, the Dr. Michael Gunning, in a statement.

The company’s boss said these “first-ever” drillings into the heart of the Amsel epithermal gold system had confirmed a strong vertical dimension of the large quartz-adularia alteration footprint the company has mapped on surface over the past four years. last years.

READ: VR Resources set to start Phase I drilling on its Amsel gold-silver property in Nevada

Drilling is expected to resume in late spring/early summer when weather conditions are more favorable for drilling on the hillsides, particularly the southern IP anomaly, VR said.

The second stage of first pass drilling will include the first holes in this largest southern IP anomaly, and the company aims to drill diamond to properly assess the depth extent and potential of the sulphide alteration intersected in all three first RC holes that have just been completed. in the northern IP anomaly.

Amsel Hill is one of seven properties that make up VR’s Big Ten Epithermal Gold Project in Nye County in Nevada’s Walker Lane Belt – a 20 kilometer (km) long mineral trend. Amsel itself consists of 66 claims covering 1,363 acres and includes a large topographic feature with a surface footprint.

Amsel has been the focus of exploration since 2019. There are historic workings from the 1920s and shallow exploration in the late 1970s, with no modern or systematic exploration since.

VR claims to have the opportunity to be the first company to use new exploration technologies on the large-scale alteration system and apply current deposit models developed for epithermal gold and silver deposits in the Walker Lane belt over the past 40 years, including Round Mountain.

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