Drilling Underway At The Reveille Property

VANCOUVER – VR Resources Ltd. reported that drilling is underway at its Reveille silver-copper property in Nevada. Geochemical data from this drilling are expected in April. VR will also obtain high resolution hyperspectral data of rock chips spanning the entirety of each drill hole in order to quantify alteration mineral assemblages.

IP Survey completed. The Company is also pleased to announce that the 3D array DCIP geophysical survey was completed last week, prior to drilling. The IP survey will map both alteration and mineralization attributes below the valley cover and west of the range where the historic and high grade silver-copper showings are exposed at surface. Inversion models and 3D voxels derived from the survey are expected in April.

The overall strategy is to use the IP and resistivity models derived from the recently completed survey in conjunction with new geochemical data and alteration mineral data obtained from the current Phase 1 drill program to prioritize targets for the second phase of drilling planned for later this spring.  The IP survey in particular will shed light on the area south and west of the drill holes planned for the current program which themselves are based primarily on magnetic, EM and gravity anomalies already in hand.

VR has been working on Reveille continuously since June of last year, with field work wrapping up in the third week of December. Integrated targets derived from detailed structural mapping, extensive rock sampling, a high-resolution airborne EM and magnetic survey and a detailed ground gravity survey are apparent on the western side of the district-scale property for both silver-copper CRD mineralization, and for gold related to late, Carlin-style fluids.

VR is exploring the covered valley on the western flank of the range because it has never been previously explored or drilled as the potential source and overall driver of the high-grade silver-copper mineralization at Reveille during the past 140 years of prospecting which has focused on the high-grade showings exposed in the hills of the Reveille range to the east. VR is focused squarely on targets for proximal, high temperature mineralization that are core to the overall CRD mineral system at Reveille based on an array of new geochemical data and element ratio vectors.

CEO, Michael Gunning, said, “The targets are ready, the permit is in hand, the drill crew and rig are on site and the weather is terrific. Our strategy is simple: to provide our shareholders with the near-term upside potential of a copper-silver discovery at Reveille this winter as we await the permit for our nearby Amsel gold project to the north where we continue to plan for a drill program this summer. The area has never been drilled before, period, despite its proximity to historic workings in the nearby hills with grab sample assays commonly in excess of 1,000 g/t silver and 1 % copper respectively. Our goal is simple: a greenfields discovery which identifies for the first time silver and copper mineralization proximal to the source and driver to the overall CRD mineral system responsible for the array of high grade showings and historic workings in the south Reveille range. We look forward to providing further updates as our exploration advances through this month.”