VR Resources Ltd.

VR Resources Ltd. (“VR”) is an emerging junior mineral exploration company focused on blue sky opportunities in copper and gold in the western United States and Canada. VR is listed on the Venture Exchange (TSX.V: VRR; Frankfurt: 5VR; OTCBB: VRRCF), and is registered in British Columbia, Canada.

The Company maintains its day-to-day work out of an exploration office established in Vancouver, British Columbia. The Company employs a tight administrative cost structure, with a focus on translating funds raised directly to mineral exploration work. The Company has a working capital of approximately $2.2m, sufficient to both execute its mineral exploration strategy and support its corporate business (general and administrative costs; “G&A”) through 2020.

VR is the continuance of 4 years of active mineral exploration in Nevada, USA, by a Vancouver-based private company founded and run by two geologists with diverse experience in global mineral exploration, and a proven track record in the junior sector, having steered the sale of three companies in the past seven years for an aggregate valuation in excess of C$1.3B. The goal of VR is explicit: leverage its experience and expertise in grassroots exploration towards early-stage discovery in order to capture the steepest part of the value creation curve in the exploration and mining process for its shareholders.

The Company has an ongoing capital markets strategy. It is currently engaged with Intrynsyc Capital Corp. to expand its capital markets outreach. The Company continues to work with Peak Marketing Corporation with regard to market communication and dissemination of information, including certain social media hubs. The Company works with Peak to ensure that all of its market-related information and links are both internally consistent and up-to-date. The Company retains Renmark Communications on an ongoing basis to maintain a fully functioning and continuously updated website; 

The Company is focused on opportunities in districts underexplored during the past 50 years of modern exploration. The Company applies current mineral deposit models and new exploration technologies to properties with large copper-gold footprints.

VR explores properties it owns outright, 100%. Mineral exploration properties in Nevada are held in a wholly-owned US subsidiary registered in Nevada. New opportunities are evaluated on an ongoing basis, whether by internal generative work and direct staking, by a joint venture or a direct acquisition of a property from a third party, or by a corporate transaction (e.g. merger).

An independent, NI 43-101 compliant Technical Report for the Company’s Bonita property in Nevada and dated March 2, 2017, is filed on SEDAR. The report was the foundation for VR’s public listing in 2017. Based on the synthesis and interpretation of four years of exploration data collected by VR on Bonita, the report recommends first-pass drilling on two main targets. The Company initiated that drilling in the fall of 2017, and completed a second program in the summer of 2018, following the completion of an airborne ZTEM survey. The Company believes the potential of Bonita is unusual based on the district-scale size of the property and the distribution of surface showings and historic workings within it, and that the drilling to date is insufficient for a complete test of the two main alteration centers (targets). The Company intends to complete first-pass drilling in order to properly evaluate the discovery potential of the large-scale hydrothermal system at Bonita.

The Company is in the process of completing an independent, NI 43-101 compliant Technical Report on the Company’s Amsel property, part of its Big Ten epithermal gold project in the Walker Lane mineral belt of west-central Nevada. After continuous exploration over the past 18 months, the large-footprint alteration cap and gold-silver geochemical anomaly at Amsel is ready to drill test; there are historic workings at Amsel, but the core of the mineral system, the root, has never been drill-tested, and the 18 M oz Round Mountain gold deposit and mine located 45 km’s to the north provides a compelling analogue based on many comparable attributes.

VR Resources has demonstrated conviction and discipline towards its business model and exploration strategy during the past 7 years in order to successfully navigate a challenging capital markets cycle in resources during the past decade. VR has maintained active exploration on the ground throughout that period in order to expose its shareholders to the potential for discovery-based value creation, and is now positioned with targets ready to drill in 2020, when there is a clear resurgence and buoyancy in both the copper and gold sectors.

The investment upside to VR Resources has not changed, and is multi-faceted:

• The life-long experience of its management and Board specifically in mineral exploration, and its collective track record of success in value creation for shareholders through successful M&A;
• The focus of its executive management exclusively to the business of VR;
• A tight share structure, including an insider position of approximately 15%, and a collective holding of approximately 35% by 5 mining-long resource investment institutions;
• 100% ownership of properties; no joint venture interests, no carried interests, no back-in interests;
• Properties with local infrastructure (road access and near-by service -hubs) for cost-effective exploration, and infrastructure such as power grids and railroads essential to mining companies for viable project development should a discovery occur;
• Properties located in jurisdiction with a long and well-established history of regulatory support for the exploration and mining industry;
• Properties located in mineral districts where major mining companies are active.

VR strives for technical excellence in its work, and corporate industry leadership. VR’s management has led numerous industry and research organizations in the past, and has been recognized with numerous industry achievement and recognition awards. Technical information contained on this website has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Justin Daley, MSc, P.Geo., Principal Geologist at VR and a non-independent Qualified Person oversees all aspects of the Company’s mineral exploration projects. The content of this document, and this website, has been prepared and reviewed on behalf of the Company by the CEO, Dr. Michael Gunning, PhD, P.Geo., a non-independent Qualified Person.