Target Confirmed For Core Of Porphyry Copper-Moly System At New Boston

VANCOUVER - VR Resources Ltd. has received the final data from a state-of-the-art airborne hyperspectral survey covering its New Boston property and polymetallic Cu-Mo-Ag porphyry system in west-central Nevada, and the spring drill program has mobilized.

Michael Gunning, President and CEO, said, “Historical, boots-on-the-ground exploration was completed by two renowned exploration groups at New Boston through the 1960s and 1970s. VR is building upon that work by utilizing modern and innovative exploration technologies to more specifically identify vectors for copper-bearing vein stockwork centers within the large footprint and polymetallic porphyry-skarn system overall.  

We completed a triaxial airborne magnetic survey last spring, including high-resolution radiometrics, followed by a 3-D array, DCIP survey on the ground utilizing the leading, and proprietary technologies at DIAS Geophysical. All three surveys differentiate unique signatures at Jeep Mine and East Zone respectively, located on opposing sides of the central GW fault, itself mineralized at surface for more than a kilometre along strike.

Airborne hyperspectral surveys map alteration minerals. They augment property-scale mapping on the ground by providing detailed mineral identification, including compositional variation, which cannot be done visually. Further, the system is especially responsive at New Boston thanks to the excellent bedrock exposure in the Garfield Range, allowing for comparative analysis across the entire mineral system and surrounding district.

SpecTIR LLC, NV, is an industry leader in providing hyperspectral data from across the near-visible (VNIR), short (SWIR) and long (LWIR) infra-red wavelengths via their integrated FENIX 1K - OWL technology, and mapping the broadest range of alteration minerals, including the carbonates, clays, micas, quartz, iron, feldspars and garnet, among others. This is especially effective for skarn alteration minerals related to porphyry intrusions at New Boston.

There is a strong correlation between high temperature clay minerals identified by the new hyperspectral survey with the potassic alteration in East Zone outlined by our high resolution airborne radiometric survey completed last year. Our first planned drill hole will be collared in quartz vein rubble with copper oxide within that high temperature clay alteration, and will target the conductor plunging westward toward the central GW fault as identified in the new 3D array DCIP data also obtained last year.

There are no historic drill holes into the East Zone conductor; you don’t drill what you can’t see. But 45 years later, an array of new geophysical and geochemical tools are showing VR a zonation in the New Boston porphyry system across the central GW boundary zone and fault: in potassic alteration; in vein intensity and geometry; in IP and conductivity anomalies; in magnetic patterns; in alteration mineral assemblages, and; in copper geochemistry.”