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VR Expands the Strike Extent of the Tertiary Epithermal Gold, Quartz Vein System at Its Danbo Property in Nevada to 1,500 Metres
Jan. 11, 2018 09:45AM PST
Gold Investing
VR Resources (TSX.V:VRR) (FSE:5VR), the “Company”, or “VR”, is pleased to report the highlights of the 2017 exploration program on the Company’s Danbo property, and expansion of the property size by 50% as a result. The Danbo property is located along the northern margin of the Walker Lane Belt in western Nevada, in a setting …
VR Resources (TSX.V:VRR) (FSE:5VR), the “Company”, or “VR”, is pleased to report the highlights of the 2017 exploration program on the Company’s Danbo property, and expansion of the property size by 50% as a result. The Danbo property is located along the northern margin of the Walker Lane Belt in western Nevada, in a setting analogous to the nearby Round Mountain gold mine and past-producing Paradise Peak epithermal gold deposit.
The gold grade at Danbo consistently increases with increasing depth into the hydrothermal system. This relationship confirms the grade potential along the entire 1.5 km strike length of the epithermal vein system, below fertile but low grade veins exposed at high toporgraphic elevations at either end of the system. Silver is consistently present in gold-bearing quartz vein samples from throughout the system at Danbo.
VR’s CEO Dr. Gunning said:
“Field work in 2017 has reinforced our conviction with regard to both the lateral extent and gold-silver grades of the epithermal vein system at Danbo.
Despite the prospective regional setting of Danbo along the northern margin of the Walker Lane and proximity to known Tertiary volcanic hosted gold systems such as Round Mountain and Paradise Peak, it has never been tested by diamond drilling; Danbo thus provides for an unusual discovery-based value creation potential for our shareholders, and is now firmly established in our exploration planning for 2018.”