I'm guessing it's using a full cover plate attached to the copper pipe, which itself goes directly over the VRM's.
Goddamn AMD. 10/10 I didn't even think that was possible.
...Or no plate, GDDR5 doesn't exist anymore. O_O
No It is probably not a full cover block .. probably exactly as your pic shows, a gpu only block with that copper pipe to cool the VRM's. That's it. I mean that's all there is ... the GPU block gets the memory so there is nothing else needed.
Hah, you changed it as I made my reply