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Neotech Metals Releases VR Resourses Shares from Escrow, Receives Funds from Warrant Exercise
TMX Newsfile· 2026-02-10 09:00
Vancouver, British Columbia,--(Newsfile Corp. - February 10, 2026) - Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) ("Neotech" or "the Company") announces that it has amended the escrow terms set out in the letter of intent ("LOI") dated February 12, 2024 between the Company and VR Resources Ltd. ("VR"), with respect to the Hecla-Kilmer ("H/K") property, such that all shares issued to VR pursuant to the LOI that were subject to the previous contractual escrow will now be released from escrow a ...
VR Resources Reports Drilling Results at Silverback Copper-Gold Project in Northwest Ontario
Globenewswire· 2025-03-26 11:30
Core Insights - VR Resources Ltd. has reported results from its first winter drill program at the Silverback copper-gold project in Northwestern Ontario, indicating promising early-stage mineralization [1][6][11] Drilling Program Details - A total of six drill holes were completed, amounting to 1,342 meters, targeting IP chargeability and DIGHEM conductivity anomalies associated with a large mafic-ultramafic body [2][5] - The focus of the drilling included the Central Zone DCIP anomaly and a six-channel EM anomaly located 1,400 meters northeast [2] Key Geological Findings - Anomalous gold was observed across more than 3 kilometers along a newly recognized northeast-trending structural corridor, with significant mineralization found in four of the six drill holes [7][10] - Gold concentrations reached up to 160 parts per billion (ppb) in zones of intense shearing, with mineralization associated with disseminated sulfides [8] - The presence of anomalous gold and sulfide-rich veins indicates an epizonal, intrusion-associated gold system, consistent with known productive gold belts in Ontario [10][14] Expansion of Project Understanding - The drilling has expanded the mapped extent of the prospective greenstone belt by an additional 2 kilometers north, enhancing the understanding of regional mineralization controls [9][13] - The structural environment is characteristic of both Marmion and Quetico gold systems, where mineralization occurs in greenstone belt and granitic host rocks [15] Future Exploration Plans - The company plans to conduct detailed structural analysis and geochemical surveys to identify potential high-grade zones and define detailed targets [16]