Mr. Justin Daley reports

VR RESOURCES OUTLINES LARGE 3D CHARGEABILITY ANOMALY AT THE SILVERBACK COPPER-GOLD PROJECT IN ONTARIO

VR Resources Ltd. has received the final inverted data for the state-of-the-art, 3-D array DCIP (direct-current induced polarization) survey completed last month on its Silverback copper-gold project located in Northwestern Ontario.

• A large, high-amplitude chargeability anomaly is identified in the centre of the project, central to the broadest part of the main mafic-ultramafic body with nickel-chrome mineralization;
• There are several additional chargeability anomalies to the west and northeast, also associated with edges of the mafic-ultramafic body, and anchored by north-south structures with known copper-gold mineralization.

Initial impressions

The dipole-dipole survey, with a 150-metre equant station grid array, covered an area of 3,500 metres by 2,750 metres over the centre of the project. Firstly, all the strong chargeability anomalies correlate with the edges of the mafic-ultramafic body with copper-gold occurrences spanning about four kilometres across the breadth of the property. But, in addition, there is also a clear structural control to the new anomalies: the large, central anomaly is anchored by a north-south shear-zone with structural offsets evident on detailed airborne magnetic data obtained last winter, and the discreet anomalies that lie to the west occur on a west-northwest trend that is subparallel to the greenstone belt contact in the southern part of the Marmion terrane.

In summary, the new IP survey delineates chargeability anomalies at the intersection of mafic feeder dikes that are offset by sinistral, north-south faults. The new chargeability anomalies are potentially the source for remobilized and concentrated sulphide minerals on structure. Remobilized molybdenum is a crucial pathfinder metal for gold mineralization in the Hemlo gold camp and is commonly cited as evidence for an intrusion-related source of mineralization. The molybdenite occurrence in the southern part of the main chargeability anomaly at Silverback and the porphyry unit with gold-bearing quartz-carbonate veins located to the west serve as important building blocks for this evolving, integrated model for a large, polymetallic copper-gold system at Silverback.

From VR's chief executive officer, Justin Daley: "We designed the DCIP survey to help us target within a broad three km trend of mineralization that provides evidence for an intrusion-related gold-copper system at Silverback. In order to identify a central target, or targets, hidden below cover at Silverback, we required a robust, modern geophysical tool to use alongside strong trace element vectors of molybdenum and silver, and the new evidence for a gold-mineralized porphyry dike in drill hole 002 from last spring. Once gain, Dias technology has delivered. The 1,200 m long, oblate, greater-than-15-millivolts-per-volt chargeability anomaly running right up the centre of the property aligns perfectly with known high-grade gold occurrences, and with important structures mapped on surface and within our magnetic data.

"As we spend more time working with the chargeability and resistivity results from this survey over the coming weeks, we look forward to sharing detailed exploration targets and plans for drilling in 2025."

About the Silverback project

The project now consists of 71 mineral claims in one contiguous block covering 4,442 hectares. The project is located on federal Crown land, with mineral rights administered by the Ontario Ministry of Mines. There is a 2-per-cent net smelter royalty on the claims. There are no annual payments, but the ministry requires certain annual exploration expenditures and reporting (that is, mineral assessment reports) in order to maintain a mineral claim in good standing. The properties fall within the Lac de Mille Lac First Nation traditional territories.

Technical information

Surface grab samples and drill core samples were submitted for geochemical analysis to the AGAT laboratory in Thunder Bay, Ont. Drill core was logged, cut and sampled at the Holbik Exploration warehouse in Upsala, Ont., with sample preparation completed by AGAT in Thunder Bay alongside gold and PGE (platinum group elements) determination by atomic absorption assay. ICP-MS (inductively coupled plasma mass spectrometry) analyses for base metals, whole rock and trace elements is performed at AGAT's laboratory in Calgary, Alta. Analytical results are subject to industry standard and National Instrument 43-101-compliant QA/QC (quality assurance/quality control) sample procedures, including the systematic insertion of sample duplicates, blanks and certified reference material (CRM) done both externally and internally at the laboratory by AGAT, as described by AGAT. Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. The content of this news release has been reviewed on behalf of the company by Justin Daley, MSc, PGeo, president and chief executive officer at VR, a non-independent qualified person, who oversees and/or participates in all aspects of the company's mineral exploration projects.

About VR Resources Ltd.

VR is an established junior exploration company based in Vancouver. VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada. VR applies modern exploration technologies, in-house experience and expertise in greenfields exploration to large-footprint 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 financed for its mineral exploration and corporate obligations. VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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