VR intersects 317 m at 0.77% CuEq starting at surface, above 419 m of 0.48% CuEq, in 881 m drill hole of continuous polymetallic stockwork veining at New Boston Porphyry-Skarn project, Nevada
VR reports 881 m of low-grade CuEq veining with a narrow W-Ag skarn core from a single drill hole.
VR Resources Ltd. (VRR) has released geochemical results for drill hole NB26-003 at its New Boston project in Nevada. The hole was drilled to a total depth of 881 meters, ending in mineralization due to hole instability.
The company reported the following drill intercepts:
- 317 meters at 0.77% CuEq from surface, including 84 meters at 1.78% CuEq.
- 419 meters at 0.48% CuEq from 460 meters, including 16 meters at 4.52% CuEq.
- A narrow high-grade skarn interval of 2 meters at 33.43% CuEq within the 16-meter zone.
- The 2-meter interval contains 1.48% WO3, 0.32% Cu and 427 g/t Ag.
- 31 meters at 0.98% CuEq.
- 130 meters at 0.44% CuEq.
- 7 meters at 0.35% CuEq near the bottom of the hole.
A surface anchor sample returned 3.95% CuEq from collar rubble, which is not a drill interval. VR described continuous veining and sulfides through the entire 881 meters of core, with no unaltered core logged.
VR Resources Ltd. (VRR) is a pre-resource grassroots explorer, meaning the market’s response is driven primarily by discovery potential. Recent drilling results confirm that the Jeep Mine geophysical anomaly contains continuous sulfides and polymetallic metals over a long downhole interval. The program also identified a new buried diorite porphyry and a narrow high-grade W-Ag skarn pod. However, the data does not yet establish a resource, demonstrate continuity, or provide true widths.
The stock has not re-rated in response to these findings, having fallen from a February high of C$0.41 to a recent low near C$0.09 before closing at C$0.12 prior to the release. Because there was no embedded high-grade assay anchor, an encouraging first hole can be viewed positively without needing to beat a prior bonanza intercept. The result is materially stronger than the prior July 7 visual-only report, though it is not yet transformative. For a C$4.8 million market-cap explorer, this represents a genuine positive drill signal, but it remains a single-hole, early-stage result.
VR Resources Ltd. (TSX-V: VRR) is a Vancouver-based junior explorer that owns the New Boston polymetallic porphyry-skarn system in Nevada, which hosts molybdenum, tungsten, copper, silver, and zinc. The company also holds the Bonita alkalic porphyry copper-gold project and the Amsel epithermal gold-silver asset, both located in Nevada. In Ontario, VR Resources farmed out its Empire and Silverback copper-nickel-PGM projects to Athos Metals, retaining a 9.9% interest in each.
Management is led by Dr. Michael Gunning, who previously led Hathor Exploration and Alpha Minerals. As of June 30, 2026, the company reported 39,785,279 basic shares outstanding and 71,170,616 fully diluted shares, reflecting a significant warrant and option overhang. VR Resources held approximately C$1.46 million in cash with no debt, relying on equity financing to fund operations.