Dr. Michael Gunning reports

THE DRILL IS TURNING AT VR'S MAIDEN DRILL PROGRAM ON THE EAST ZONE CONDUCTOR AT THE NEW BOSTON POLYMETALLIC COPPER-MOLY-SILVER PORPHYRY SYSTEM IN NEVADA

VR Resources Ltd. has begun its maiden drill program on its New Boston polymetallic copper-molybdenum-silver (Cu-Mo-Ag) porphyry system in west-central Nevada.

The program is planned around two to four drill holes, for between 1,500 metres and 2,000 metres in total, projected to take approximately one month to complete, with assays expected through May and June.

Water supply, heavy equipment services and camp are all located just six kilometres from the drill, with access off State Highway I95.

Strategy

The drill program is the result of two years of field-based mapping and sampling by VR, and the utilization of four state-of-the-art geophysical surveys completed in succession, and utilizing technologies not available during the main period of exploration at New Boston from the mid-1960s through the late 1970s. For example, this drill program will focus on the new, East zone conductor as delineated by the 3-D array, DCIP (direct current induced polarization) survey completed in 2023.

Historic drill holes located to both the east and the south of the west-plunging East zone conductor are peripheral in nature, based on: conductivity anomaly; potassic alteration; hyperspectral mineralogy; and surface copper and trace element geochemistry. Yet, they produced intersections including 279 feet at 0.24 per cent Cu, including 59 ft at 0.38 per cent Cu, starting at surface.

The large volume DCIP conductor at East zone is the inferred source of the copper intersected in the historic peripheral drill holes, copper that migrated up dip to the south in the host limestone stratigraphy. As such, the company's goal is to drill test the East zone conductor itself for the strongest concentrations of conductive copper sulphide in multiphase quartz vein stockworks.

Potential for hole NB24-001:

1. The drill hole is starting in quartz vein rubble with copper sulphide and copper oxide at surface, grading up to 1.7 per cent copper in hand samples;
2. VR's planned drill holes at East zone stay within the structural, stratigraphic and 3-D conductivity models for copper mineralization for their entirety.

Dr. Michael Gunning, VR's chief executive officer, stated: "This is our 10th year of continuous and active exploration in Nevada, and our sixth drill program in advancing five separate greenfields properties in succession. As a result: we know the porphyry geology of western Nevada; we understand how new exploration technologies can build on historic exploration; and we know the service companies and logistics in the state. In short, our VP [vice-president], exploration, Justin Daley will tell you this is both the most efficient set-up we have ever had, and the best copper target we have ever had, exposed on surface and never previously drilled.

"We look forward to providing further updates as our drilling progresses. In concert with the strengthening price in copper as the Green Economy emerges, New Boston's time has arrived."

Field videos

A short video from several previous site visits are available on the New Boston project page on the company's website. Also, on the home page itself, there is a 20-minute video overview of the New Boston project and drill targets, illustrated in PowerPoint.

Technical information

Summary technical and geological information for the company's various exploration properties, including New Boston, is available at the company's website.

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, PGeo, vice-president of exploration and a non-independent qualified person, oversees and/or participates in all aspects of the company's mineral exploration projects, and the content of this news release has been reviewed on behalf of the company by the CEO, Dr. Gunning, PGeo, a non-independent qualified person.

About the New Boston property

Location

New Boston is within the Walker Lane mineral belt and structural province in west-central Nevada. More specifically, it is within the co-spatial belts of Jurassic- and Cretaceous-aged copper and molybdenum porphyry deposits, including the Yerington camp and Hall deposit.

New Boston is located in the Garfield range in Mineral county, approximately 150 kilometres southeast of Reno. Vegetation is sparse in the range; outcrop or colluvium predominate on the property itself, with quaternary cover developed off its eastern border and eastern flank of the range.

The property location facilitates cost-effective exploration, year-round. Access is from the nearby town of Luning, located just five km to the east on State Highway 95, connecting Reno and Las Vegas. The property itself is crisscrossed by a myriad of active, historic trails and roads which are reachable from the highway.

Property description

The New Boston property is large: it consists of 77 claims in one contiguous block approximately three km by five km in size and covering 583 hectares in total (1,441 acres). It covers the entire extent of the known copper-molybdenum-silver porphyry-skarn mineral system exposed on surface between Blue Ribbon and East zone, and its inferred down-dip potential to the north.

The property is on federal land administered by the Bureau of Land Management (BLM). There are no state or federal land use designations, or privately owned land which impede access to the property, nor is the property within the BLM's broadly defined area of sage grouse protection.

The property is owned 100 per cent by VR. There are no underlying annual lease payments, nor are there any joint venture or back-in interests. The vendor of the property retains a royalty.

About VR Resources Ltd.

VR is an established junior exploration company based in Vancouver. VR evaluates, explores and advances large-scale, blue-sky opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada. The company has also made Canada's newest diamond discovery in Northern Ontario, and controls a new field of kimberlite targets around it. VR applies modern exploration technologies and leverages in-house experience and expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early-stage exploration, discovery, and mergers and acquisitions. The company is well financed for its mineral exploration and corporate obligations. VR owns its properties outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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