Transcript
hi i'm mike gunning ceo of vr resources it's tuesday september the 14th welcome to heckler kilmer project in northern ontario big multi-phase carbonate complex with an iocg mineral system in it copper gold and rare earth elements we were here a year ago intersecting these 600 meter sections of hydrothermal breccia we were focused on the magnetite and our mvi magnetic anomalies then we are now focused on our gravity we hope to get four to six holes done in four to six weeks hope to have our data by christmas standby this project has scale hi i'm mike gunning i'm the ceo of vr resources uh junior mineral exploration company listed here in vancouver on the venture exchange vrr.v and yes i'm the fellow in that field video that you just saw the drill turning on our copper gold project up in ontario very quick message for our shareholders this morning and potential new investors that vrr is sticking to its conviction and its strategy for 2021 and particularly the second half of 2021 with our goal of exposing our shareholders to blue sky discovery the front end of the lassonde curve the steepest value creation curve in our business with three different drill programs on three different projects in the second half of this year the revelly silver copper project in nevada drilled this summer in the drilling has just begun on the heckler kilmer iocg copper gold and rare metal project in ontario and the company continues to plan to drill our amsoil gold project in nevada later this fall this company is funded for this drilling we reported 2.7 million in our treasury in our recent financials and we continue to work hard to keep our share structure tight since our ipo in 2017. i am fortunate to have six mining long institutions who collectively along with myself still own almost 50 percent of the 80 million shares issued by that company and i think that does nothing but provide a stronger foundation for the upside potential to our all of our shareholders should vr be able to tag into a discovery on one of these dro programs with regard to heckler kilmer what we just saw in the video the goal of this program could not be more straightforward as we said showed in our news release last week we discovered a major iocg mineral system last year in our drilling 600 vertical meters of continuous hydrothermal rupture and high temperature alteration importantly with copper and gold mineralization and rare earth elements subsequent to that drilling we completed a gravity survey it showed us a large high density anomaly that while overall co-spatial with the magnetics was slightly offset what we are doing in that video that you saw is simply turning the drills 90 degrees and we are testing the center of this gravity anomaly that you can see in figure 1 of the news release potentially the center for the high density copper and gold mineralization and rare earth elements that we discovered last year but as it turns out are on the eastern edge of this gravity four to six holes should take four to six weeks to complete the startup of production that i saw in the field last week was terrific we should have our data by the end of the year why does heckler kilmer matter it's about scale it's about understanding that the largest copper gold deposits on this planet are in australia iocg systems and if you are listening to what mr biden is talking about with understanding the importance of north america regaining its strategic independence and critical metals as we try and electrify this planet in the world of bill gates as an important solution to climate change understand that the world's big suppliers of rare earth elements critical strategic metals for permanent magnets and so on all of these deposits are of the iocg class olympic dam in australia by inobo in china corona and sweden a nile back here in canada this is the type of mineral system that heckler kilmer is look at the scale of this gravity anomaly to understand that hyperkilner has the potential to provide a solution to what biden is talking about it has that scale that's why this drilling is worth it that's why we have conviction on this program it's also a way that we can provide risk and mitigation to our shareholders although we're excited about heckler kilmer gives us something to focus on while we are waiting for this permit for the amsoil gold target in nevada i was in conversation with the forest service last week i know this has been a long and frustrating weight weight for our shareholders i appreciate their patience they continue to convey support for this project this is an internal processing issue they continue to convey that we're on the 99-yard line i continue to think that we're going to get this permit in short order this company continues to plan for a drill program at amsel later this fall is the weight worth it it is it's like heckler kilmer it's about scale look at round mountain 40 kilometers up the road from amsoil and you can see that amsel has the attributes to potentially answer the question where is the next round mountain one of the most famous ep thermal deposits in the world an illustrious hundred years of production more than 20 million ounces of gold produced and it is the exploration and geology attributes of amsel in comparison around mountain that make this weight worth it we continue to plan for a project uh for a drill program with that again the message is we are sticking to our strategy we have conviction uh that's the way we will carry through 2021 and again i thank my shareholders for their patience you
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