VR Resources (VRR.V) on Tuesday said drilling is now underway at its Silverback copper-gold project in northwestern Ontario.
The first hole, SB25-003, is at the southern end of the highest priority, Central Zone IP chargeability anomaly.
This phase of drilling at Silverback will focus on two target types: shear zone hosted copper-gold-silver mineralization along north-northeast trending structures evident in our magnetic data, and a common host for gold in the Marmion Terrane; and intrusion-related mineralization first observed in a weakly sheared, gold-bearing porphyry intrusion intersected in Hole 2 completed earlier in 2024.
"We're excited to have the drill back at Silverback to test chargeability anomalies in our new 3D DCIP data received in December of last year." said chief executive Justin Daley. "The CZ anomaly is both large, and robust; it integrates with surface showings of polymetallic copper-gold mineralization, structural mapping of shearing, and magnetic, DIGEHEM conductivity and IP resistivity geophysical data.
VR shares were last seen up $0.005 to $0.005 on the TSX Venture Exchange.
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