VR Resources completes 2021 drilling at Hecla-Kilmer

Dr. Michael Gunning reports

VR COMPLETES 2021 DRILL PROGRAM AT HECLA-KILMER AND REPORTS FINAL DATA FROM 2020 WHICH CONFIRM THE REE AND CRITICAL METAL DISCOVERY AT H-K

VR Resources Ltd. has completed thefall 2021 drill program at its Hecla-Kilmer (H-K) project in Northern Ontario, with five holes completed to target depths for a total of 2,604 metres.

XRF scanning is currently being done on each drill hole in its entirety in order to better integrate mineralogy and geochemistry, and to obtain continuous density and magnetic readings.Geochemical sampling of drill core is also ongoing, and the Company expects to have all mineral and geochemical data in hand by calendar year-end.

H-K is Confirmed as a new REE and Critical Metal System in Canada

The Company has also received final geochemical data from its expanded sampling of drill core from the 2020 drill program at H-K. The new data confirm the discovery reported in July (see NR-21-17) of rare earth elements ("REE") and critical metals, for example, lithium and niobium, at H-K, hosted in sulphide-bearing carbonatite dikes, fluorite-carbonate vein breccia and hydrothermal breccia.

Drill hole HK20-004 from 2020 was re-logged and sampled prior to the start-up of the current drill program in order to obtain accurate data using a lithium borate fusion assay technique designed to optimize the analytical detection for all rare earth elements. Table 1 below provides the new data, together with the previously reported data for hole HK20-002 which was obtained by the same analytical method.