August 18, 2022, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCQB: VRRCF), the
“Company”, or “VR”, announces the discovery of another high grade zone of critical metals in one of two new areas of mineralization at its Hecla-Kilmer (“H-K”) property located in northern Ontario.
25.5 metres @ 1.131% TREO with 18% as Magnet REO*, within 55.2 metres @ 0.70% TREOstarting less than 30 metres from bedrock surface in Hole HK22-015.
* % Magnet REO: is PMREO divided by TREO (total rare earth oxide) and expressed as a percent. PMREO is the sum of the highvalue rare earth oxides Pr2O3 + Nd203 + Tb2O3 + Dy2O3 used in permanent magnets for wind turbines and electric vehicles.
Context
This news release provides new data for the final four holes of the recently completed drill program atH-K, and in particular, the three reconnaissance holes HK22-014, 15 & 16 located 1.5 – 2.5 km to the south of the critical metal mineralization discovered in 2020 and 2021 in the northern part of the complex. Figure 1. VR has discovered two new areas of critical metal mineralization in the central core and south rim of the multiphase alkaline complex with carbonatite at Hecla-Kilmer, in addition to the mineralization previously announced in the northwestern part of the complex. Mineralization starts at bedrock surface, or within a few tens of metres beneath the base of till in all three areas.
Table 1. VR has intersected critical metal mineralization exceeding 1% TREO (total Rare Earth oxide) in 11 of the 17 drill holes completed to date at H-K. The REE mineralization is commonly within the context of broad intersections from 55 to 299 metres long which include niobium, phosphate and iron.
