financetom
Business
financetom
/
Business
/
VR Resources Drilling Hole 4 at Empire Project in Ontario
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
VR Resources Drilling Hole 4 at Empire Project in Ontario
Dec 13, 2024 5:38 AM

08:25 AM EST, 12/13/2024 (MT Newswires) -- VR Resources ( VRRCF ) said on Friday that drilling is underway on the fourth hole of its Phase 1 reconnaissance drill program on the Westwood complex within the Empire project in Ontario.

The company said the first few core boxes in the fourth hole confirm that the target mafic-ultramafic rock with magmatic sulfide is present on the opposing side of the complex from the intersection in the second hole located 800 meters away.

"The goal for first pass reconnaissance drilling at the Westwood target was to prove the concept for a large and fertile mafic-ultramafic complex, and it is exciting to see in the first few boxes of this hole the same mafic rock with sulfide that we saw in Hole 002 on the other side of the multiphase intrusive complex," CEO Justin Daley said. "We are now working to expand our understanding for geophysical controls on this coarse mafic rock that we see in the highway showing, and now in Holes 2 and 4 some 800 meters apart."

VR said it expects to finish the drill campaign on time and on budget despite rapidly changing weather at the onset of winter.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Turkcell Iletisim Hizmetleri Swings to Q3 Earnings, Revenue Rises; Shares Rise
Turkcell Iletisim Hizmetleri Swings to Q3 Earnings, Revenue Rises; Shares Rise
Nov 9, 2024
12:39 PM EST, 11/07/2024 (MT Newswires) -- Turkcell Iletisim Hizmetleri (TKC) shares were up 4.6% in recent trading Thursday after the company reported Q3 earnings of 1.41 Turkish lira ($0.04) per diluted share, swinging from a loss of 2.18 lira a year earlier. Revenue for the quarter ended Sept. 30 was 40.17 billion lira, compared with 37.59 billion lira a...
ConocoPhillips Poised to Outperform Large-Cap E&P Peers, RBC Says
ConocoPhillips Poised to Outperform Large-Cap E&P Peers, RBC Says
Nov 9, 2024
12:31 PM EST, 11/07/2024 (MT Newswires) -- ConocoPhillips ( COP ) is in a position to outperform large-cap exploration and production peers with a strong balance sheet, competitive free cash flow generation, and scaled Permian assets, among others, RBC Capital Markets said in a note emailed Wednesday. The Q3 earnings call cleared investor concerns over 2025 outlook with solid financials...
Planet Fitness Flexes Q3 Earnings Muscle With EPS Beat, Sales Growth, And First Classic Card Membership Price Hike In 25 Years
Planet Fitness Flexes Q3 Earnings Muscle With EPS Beat, Sales Growth, And First Classic Card Membership Price Hike In 25 Years
Nov 9, 2024
Planet Fitness, Inc ( PLNT ). shares are trading higher on Thursday. The company reported third-quarter adjusted earnings per share of 64 cents beating the street view of 58 cents. Quarterly sales of $292.25 million (+5.3%) beat the analyst consensus estimate of $285.87 million. System-wide same-club sales (formerly same-store sales) rose 4.3%, while system-wide sales grew to $1.2 billion, up...
MercadoLibre Shares Fall After Q3 Earnings Miss Expectations, Revenue Increases
MercadoLibre Shares Fall After Q3 Earnings Miss Expectations, Revenue Increases
Nov 9, 2024
12:40 PM EST, 11/07/2024 (MT Newswires) -- MercadoLibre ( MELI ) shares were down nearly 16% in recent trading Thursday after the company reported late Wednesday Q3 net income that missed analysts' expectations. The company reported Q3 net earnings of $7.83 per diluted share, up from $7.16 a year earlier. Analysts polled by Capital IQ expected $9.85. Revenue for the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved