VR Resources reported broad polymetallic mineralization from surface in drill hole NB26-003, alongside a newly identified mineralized diorite porphyry that adds another target for follow-up exploration at New Boston.
Key Investor Takeaways
- VR Resources Limited (USOTC:VRRCF) intersected 317 metres grading 0.77% CuEq from surface in drill hole NB26-003 at its New Boston project in Nevada.
- A deeper 419-metre interval returned 0.48% CuEq, while mineralization and veining continued through the 881-metre hole.
- A newly identified diorite porphyry returned 31 metres at 0.98% CuEq and sits within a broader 130-metre interval grading 0.44% CuEq.
- The hole contained molybdenum, copper, tungsten, silver and zinc, including individual high-grade skarn samples.
- Mineralization remains open at depth, while a roughly 1,000-metre-wide IP chargeability envelope provides potential targets for follow-up drilling.
Why VRRCF Stock Is in Focus
VR Resources Limited (USOTC:VRRCF) reported assay results from NB26-003 showing two broad polymetallic intervals within 881 metres of continuous stockwork veining at the New Boston molybdenum-copper-tungsten-silver-zinc porphyry-skarn system.
The upper interval returned 317 metres at 0.77% CuEq beginning at surface. A deeper 419-metre section graded 0.48% CuEq.
Near-surface sampling also returned 3.95% CuEq from drill-core rubble associated with the anchor hole. Individual one-metre samples within the upper mineralized zone included up to 0.5% copper with 29 g/t silver at 65 metres and 0.42% WO3 at 96 metres.
The hole also identified a previously unrecognized mineralized diorite porphyry at approximately 610 metres. The intrusion returned 31 metres at 0.98% CuEq and forms the centre of a broader 130-metre interval grading 0.44% CuEq.
Within the diorite, individual one-metre samples contained up to 1.58% MoS2 and 0.4% copper. At its lower contact, another one-metre interval returned 1.52% CuEq from 0.5% copper, 0.18% MoS2 and 11 g/t silver.
Why This Matters for Investors
The significance of NB26-003 is the combination of grade, mineralized width and vertical continuity rather than any single assay.
VR says alteration, veining and mineralization occur throughout the hole, with copper and molybdenum still present near the bottom. The company therefore did not establish the lower boundary of the mineral system before drilling ended at 881 metres because of hole instability.
CEO Michael Gunning said: “Drill hole NB26-003 demonstrates a kilometer-scale vertical dimension to the polymetallic mineral system at New Boston, to match the 2.1 km strike of mineralized sheeted veins exposed on surface.”
The discovery of the mineralized diorite porphyry also changes the exploration picture because the intrusion was not evident at surface or identified in historical mapping and data compilations. VR recorded at least 21 occurrences of variably mineralized porphyry intrusions throughout NB26-003.
High-grade skarn mineralization provides another exploration target. A one-metre interval at 535 metres returned 2.85% WO3, 0.62% copper and 830 g/t silver adjacent to the diorite porphyry.
Lateral scale remains to be tested. VR says the IP chargeability envelope surrounding the target is roughly 1,000 metres across, with NB26-003 the only deep hole containing complete mineral data within that volume that the company is aware of.
The 317-metre near-surface mineralized interval is also associated with geological units that the company says continue for around 750 metres along strike to the east.
What to Watch Next
Follow-up drilling around NB26-003 will be important for determining whether the broad mineralized intervals and newly discovered diorite porphyry continue laterally and at depth.
VR has permitted drill sites within existing historic road and trail infrastructure around the discovery, which the company says should facilitate additional drilling.
The company also plans to re-assay pulps from its 2024 NB24-002 hole, located approximately 2.1 kilometres east at the East Zone, using sodium peroxide fusion to establish polymetallic grades for molybdenum, tungsten and zinc alongside copper and silver.
Further processing of hyperspectral data from NB26-003 may additionally help refine the geological model, particularly given indications of strengthening high-temperature potassic alteration near the bottom of the hole.