VR Resources Limited, trading as TSXV: VRR, has officially submitted a Notice of Intent drill permit application to the Nevada Bureau of Land Management for its New Boston moly-tungsten-copper-silver porphyry project. This strategic move targets the Jeep Mine area on the western side of the porphyry system, which spans a 3 to 4 kilometer east-west strike on the surface.
Geophysical Insights and Drilling Plans
In 2023, the company conducted a state-of-the-art 3D array DCIP geophysical survey over the central part of the New Boston porphyry system. The survey revealed steeply plunging conductivity anomalies at the Jeep Mine target, which are now better understood after a recent review with Dias Geophysical at the AME Mineral Exploration Conference in Vancouver. These anomalies are co-spatial with IP chargeability features, suggesting a potential vein and sulfide center for the overall system.
Dr. Michael Gunning, Chief Executive Officer of VR Resources, expressed optimism about the exploration progress, stating that the company is pleased to have the ball rolling again. The planned drilling, scheduled for spring 2026, aims to test these anomalies for stockwork veining rich in tungsten, molybdenum, copper, and silver.
Historical Context and Infrastructure Advantages
VR Resources has prior experience with rapid permit approvals, having received a similar NOI permit for the East Zone target at New Boston within 15 business days in 2024. That drilling demonstrated continuous copper and silver mineralization in over 1,500 feet of drill core from Hole 002, highlighting the project's potential.
The New Boston project benefits from strong local infrastructure, which provides a strategic advantage for cost-effective mineral exploration and future operations. Field photographs and recent on-site videos available on the company's website illustrate the scale and vein intensity of the site, including polyphase stockwork veining events that could enhance sulfide density and polymetallic grades.
Overall, this permit application marks a significant step forward in VR Resources' exploration efforts, leveraging advanced geophysical data and favorable regulatory timelines to unlock the mineral potential of Nevada's porphyry systems.
