VR Resources completes 3-D DCIP survey at Bonita

Executive Summary

• VR Resources Ltd. has completed a 3-D-array DCIP (direct-current induced polarization) geophysical survey on the Copper Queen target of its Bonita porphyry copper-gold project in Nevada.
• The survey was executed on time, on schedule, and on budget, utilizing Dias32 technology to generate robust 3-D resistivity and IP models.
• The primary objective is to map sulphide and alteration minerals at depth to define a precise exploration vector for future follow-up drilling, targeting a buried alkaline porphyry stock or breccia body.

Key Details

• Survey Scope: The DCIP survey covered a grid block of approximately 1.5 by 3.5 kilometres, encompassing the entire Copper Queen hilltop and surrounding lowlands.
• Data Volume: The resulting 3-D resistivity model contains approximately 187,000 data points, and the IP model contains approximately 135,500 data points.
• Depth Penetration: The 3-D modelling provides depth penetration of approximately 400 metres.
• Geological Target: The survey targets a buried, alkaline porphyry stock or breccia body with copper sulphide and gold, interpreted to be an alteration lithocap dominated by secondary albite and hematite alteration.
• Historical Context: The exploration follows reconnaissance-level drilling in 2017 which intersected porphyry-style copper-sulphide veining with anomalous copper-gold geochemistry.
• Service Provider: The survey was conducted by Dias Geophysical, with the proposal scoped in the previous fall and refined during the AME Mineral Exploration Conference in Vancouver.
• Next Steps: The company plans to provide further details once data processing, inversions, and 3-D models are available.

Notable Quotes

• "We are excited to advance our exploration at Bonita and pleased with the field execution by the Dias team, on schedule and on budget." — Dr. Michael Gunning, CEO
• "The goal of the survey is clear: to provide a precise exploration vector for follow-up drilling based on the surface mapping and exploration surveys completed to date by VR... for which there is a clear association in anomalous copper-gold geochemistry." — Dr. Michael Gunning, CEO