VR Resources encouraged by new soil anomaly at Amsel on its Big Ten, Nevada gold project

VR Resources Ltd (CVE:VRR) (OTCMKTS:VRRCF) updated Tuesday on progress at its Big Ten epithermal gold project in the Walker Lane belt of Nevada, USA where the firm has staked a 1.8 x 2.2 km gold-silver anomaly.

It means the size of the Amsel property – one of seven within the overall gold project there – has been doubled.

READ: VR Resources increases understanding of Ranoke copper-gold project after IP survey

VR said planning was now underway for IP geophysics over the large anomaly now defined at Amsel, to test for sulfide minerals and assess first pass drill targets.

“Our conviction on the potential at Amsel is reflected in our expansion of the property first in spring 2019 based on the results of our airborne survey, and then again this September based on the new soil anomaly,” said VR’s chief executive Dr. Michael H.Gunning.

“The hill at Amsel is large, with silica alteration and quartz veins in rhyolite tuff spanning more than 1,000 feet of topographic relief, with a surface footprint defined by the 2 x 2 km gold-silver soil anomaly; the gold and silver grade of quartz veins on the company’s Danbo property located 3 kms to the southeast speaks to the potential for gold-silver mineralization within and below the Amsel hill.”

The Big Ten epithermal gold project comprises seven properties totalling 103 claims along a district-scale 20 kilometer (km) trend. The properties are the Hat Peak, Kano Amsel, Danbo, Little Joe, Clipper and Fischer properties.

Robust nature of anomaly

VR said today that the “robust” nature of the Amsel soil anomaly was clear and that the size and strength of the new soil anomaly and alteration system make the 18 Moz (million ounce) Round Mountain deposit located in a similar volcanic setting to the northwest a compelling analogue for Amsel. 

“Modern exploration tools and current mineral deposit modeling will allow VR to refine and improve upon the historic exploration at Amsel, and ultimately identify and prioritize drill targets for the core of the epithermal gold-silver system. We look forward to providing further updates as our exploration continues towards first-pass drill testing.”

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Story by ProactiveInvestors