VR Resources Ltd. has announced the completion of two advanced DCIP geophysical surveys at its Empire and Silverback assets in northwestern Ontario, with inversions ongoing, preliminary data being reviewed, and drill planning started.
(A) DIAS crew member spooling reference wire across the main access road at Silverback over the main gold showing at the center of the 4 by 4 km 3D-array DCIP survey block. (B) Newly discovered outcrop during the DCIP survey on the Westwood grid, Empire Project. Pervasively altered mafic/ultramafic rock with quartz-carbonate veining, disseminated, and vein-related copper sulfide. The DCIP survey is designed to delineate the center of this copper-nickel hydrothermal-magmatic mineral system. Image Credit: VR Resources Ltd.
The surveys were performed as intended, on schedule, and under budget, as specified in NR-24–26 beginning November 12th, 2024. Data quality for both surveys is high, with negligible EM coupling at the surface, low noise, and a strong correlation to conductivity in previously acquired airborne EM data. Details include:
- Empire Project: Approximately 7 km of 2D DCIP readings were taken along three lines across the Westwood target, a 3 km long magnetic anomaly, with a survey depth penetration of 500 m
- Silverback Project: A 4×4 km 3D-array DCIP grid was constructed, resulting in 90,000 distinct dipoles and 500 m depth penetration. |The grid is centered on a shear zone with 9.5g/t gold, 5.6% copper, and 52 g/t silver, and it encompasses the recently announced gold-enriched porphyry intrusion, as well as quartz vein stockworks found in outcrop during the survey, near a 6-channel EM anomaly from an OGS survey in 1980
In disseminated sulfide, surface mineralization at the Westwood target, close to the Trans Canada highway, averages 0.2% Cu, 0.54 g/t Pt+Pd, and 0.14 g/t Au. During the survey, a fresh outcrop of ultra-mafic rock tinged with iron and containing vein and disseminated sulfide was found. With comprehensive magnetic data currently available, the three DCIP lines are intended to delineate the regions associated with this sulfide deposit that exhibit the highest conductivity and chargeability.
The results of both DCIP surveys have already exceeded expectations, giving us robust and integrated exploration targets across the various geophysical data sets acquired to date. We look forward to providing further details as we work with DIAS to complete survey inversions and work internally to refine drill targets. I would like to thank the DIAS field crew for their hard work completing these surveys as winter arrived quickly in Upsala this past week.
Justin Daley, Chief Executive Officer, VR Resources Ltd.
About the Empire and Silverback Projects
The Silverback project consists of 71 mineral claims in one contiguous block covering 4,442 hectares, whereas Empire has 313 mineral claims in one contiguous block covering 10,254 hectares. The projects are located on federal crown land, with mineral rights managed by the Ontario Ministry of Mines. The claims carry a 2% net smelter royalty.
There are no annual payments, but the Ministry mandates specific annual exploration expenses and reporting (such as mineral assessment reports) to keep a mineral claim in good standing. The projects are located inside the Lac de Mille Lac First Nation’s traditional boundaries.