Positive Drill Permit Decision Received For Amsel Property

VANCOUVER - VR Resources Ltd. reported that the United States Forest Service (USFS) has concluded its review with a Positive Decision for the Company’s drill permit application for its Amsel project. In follow-up to the Decision, the Company will arrange to post an environmental bond, a standard condition for a final permit for the Amsel gold-silver project in Nevada. The Company has received final data from age date samples collected at Amsel in 2019. Results confirm the same geologic age for Amsel as the 20 Moz Round Mtn. gold deposit located 40 km to the northwest. VR Resources will now proceed with planning for a first-pass drill program at Amsel.

CEO, Michael Gunning, said, “We have 4 years of exploration under our belt on our 20 km long Big Ten mineral trend since first acquiring the Danbo property and its high grade gold veins in 2016, but it is Amsel which has produced by far the most compelling target for a large-scale epithermal gold-silver system. I cannot convey strongly enough how much data are behind the main target. With regard to the planned drilling, we know the logistics of this region well, we have worked with this drill company before, and we will build upon our relationships with key geochemical and hyperspectral service companies in Reno in order to optimize the quality of the data from this maiden program. I would like to thank our shareholders for their patience in getting to this point. We look forward to providing further updates as we get closer to executing the first-ever drill program into the heart of the large alteration system and coincident IP and geochem anomaly at Amsel.”