VR Resources Initiates Advanced Geophysical Exploration at Bonita Copper-Gold Project in Nevada
VANCOUVER, British Columbia – VR Resources Limited, a Canadian mineral exploration company trading as TSXV: VRR, has officially launched its exploration campaign at the Bonita porphyry copper-gold project located in Nevada. The company has executed a contract with DIAS Geophysical Ltd. to conduct a comprehensive ground-based DCIP survey specifically targeting the Copper Queen zone within the project area.
Strategic Partnership and Technological Advancement
The geophysical proposal was meticulously scoped during the previous fall season, building upon VR Resources' established relationship with DIAS Geophysical. This collaboration is not new; the company has previously engaged DIAS for surveys on three separate properties in Nevada as well as at the Silverback project in Ontario. This extensive experience has enabled the optimization of survey design for the Copper Queen target, ensuring maximum efficiency and data accuracy.
Dr. Michael Gunning, Chief Executive Officer of VR Resources, emphasized the company's proactive approach: "Following our oversubscribed $3.15 million financing led by Centurion One Capital Corp., we are immediately implementing exploration plans on our principal polymetallic porphyry projects in Nevada." He further highlighted the technological edge of the DIAS32 system, noting its industry-leading capabilities in 3D-array DCIP ground surveys.
Exploration Objectives and Historical Context
The primary objective of this advanced geophysical survey is to generate precise exploration vectors for subsequent drilling programs. This initiative builds upon extensive surface mapping and previous exploration surveys conducted by VR Resources. Notably, the 2017 reconnaissance drilling at Copper Queen intersected porphyry-style copper-sulfide veining, which showed clear associations with anomalous copper-gold geochemistry.
Dr. Gunning elaborated on the survey's potential: "We are excited to see what this survey can achieve for precise drill target definition at Bonita. Based on our long-standing working relationship with the technical team at DIAS, we understand the system's capabilities thoroughly."
Project Timeline and Additional Corporate Developments
While field logistics will determine the exact timing of the survey completion, company leadership confirms that exploration activities are now actively underway. The anticipation surrounds the new DCIP 3D modeling that will soon emerge from the Copper Queen target area.
In parallel corporate developments, VR Resources has approved an allocation of 1,950,000 incentive stock options. These options are priced at $0.25 each, remain exercisable for a five-year period, and have been granted to various directors, officers, employees, and consultants in accordance with the company's Stock Option Plan.
Technical Compliance and Qualified Oversight
All technical information disclosed by VR Resources has been prepared in strict compliance with Canadian regulatory requirements as outlined in National Instrument 43-101. The technical content within this announcement and on the company's website has undergone review by Dr. Michael Gunning, PhD, P.Geo., who serves as President, CEO, and a non-independent Qualified Person for the company.
This exploration initiative represents a significant step forward in VR Resources' strategy to advance its Nevada-based assets, leveraging cutting-edge geophysical technology and established technical partnerships to unlock the mineral potential of the Bonita project.
