Target Model

The exploration targets at East Bull Lake include:

• near surface palladium mineralization having average in situ grades that are potentially amenable to open pit mining; and,
• higher-grade, vertically extensive and structurally-controlled palladium mineralization having average in situ grades that are potentially extractable using underground mining methods.

Rationale for the MT Survey

Quantec Geoscience Ltd. is completing the MT survey on the Property using its proprietary Spartan system. The Spartan system has proven effective on properties with similar geology and palladium-rich disseminated sulfide mineralization. This is best demonstrated by the critical role the 2018/19 Spartan MT survey results played in the discovery of the western extension of the PGM Zone on Impala Canada Ltd.’s and Transition Metals Corp.’s Sunday Lake project, located near Thunder Bay, Ontario (see Transition Metals Corp. news release dated April 29, 2019 for details).

Oblique longitudinal section looking to the north showing a 2D inversion of the MT survey resistivity data. Note the significant strike length (>2 km) of anomaly PL-4, a large resistivity low that is interpreted to adhere to the base of the East Bull Lake intrusion and is apparently associated with two vertical structures. Traces for drill holes located within 100 m of either side of the section plane are shown for reference.

September 17, 2019, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the “Company”, or “VR”, is pleased to provide an update for its Ranoke copper‐gold property in Ontario.
 IP chargeability anomaly: A TITAN24 DCIP induced polarization survey confirms a broad IP chargeability anomaly 1.1 kilometres across within the high‐density gravity anomaly at Ranoke;

VR completed three test lines of TITAN24 DCIP (Quantec Geoscience Ltd., Ontario) over the 2.5 mgal, high density gravity anomaly roughly 4 km across at Ranoke (see news release dated August 21, 2019). The
purpose of the IP survey is to test for chargeable sulfide minerals within the gravity anomaly.

From VR’s CEO Dr. Michael H. Gunning “this survey confirms the potential that a copper sulfide – bearing iron oxide breccia pipe is the root cause of the gravity anomaly at Ranoke. We are grateful for the technical expertise and diligence demonstrated by the field crew and technical services group at Quantec for their extended work on the design, execution and interpretation of this TITAN24 survey because the resultant anomaly adds a key focal point for our copper‐gold targeting within the large gravity anomaly. The sulfidebearing hematite hydrothermal breccia discovered to the south of the property is from an area with published alluvial gold occurrences, and the rock sample in Figure 3 provides our shareholders with a tangible potential analogue for the copper‐gold iron oxide breccia pipe we are targeting at Ranoke. We look forward to providing further updates as our work advances towards a first‐pass drill program.”

The recently renamed Galan Lithium (ASX-GLN) – formerly Dempsey Minerals – is preparing to commence its much anticipated geophysical surveys at the Salar de Hombre Muerto Project, Argentina.

The geophysical surveys will be closely followed after its initial survey work delineated shallow, conductive anomalies associated with lithium saturated brine.

The previous survey also presented significant mineralisation upside, with the brine appearing to extend laterally to the east and west of the target channel.

Depths to brine were relatively shallow and ranged from approximately 150m to over 400m in thickness across at least ten kilometres through the inspected channel.

The upcoming geophysical work will further increase the company’s understanding of the potential of its brine deposit.

At the time of  the initial discovery Galan chairman, Mr Nathan McMahon, said:

To have identified an area of approximately 10km within our project containing geological units consistent with those saturated with brine, adjacent to significant lithium projects and within one of the most prolific salt flats, gives us great optimism for the testing of our exploration model.”

The Company has engaged well-regarded geophysical contractors Quantec Geoscience Ltd to conduct the exploration work. Quantec have significant experience targeting similar lithium brine mineralisation and conducted the initial surveys at the project.

Exploration is set to commence in approximately 7-10 days.