Operation of repetitive high-power microwave (HPM) sources is predominantly limited by thermal properties of anode and cathode materials. This letter presents a reflex-triode virtual cathode oscillator (vircator) capable of operating at 500 Hz at current densities between 100-200 A/cm2 for multiple burst durations of 1-2 s. Stable vircator operation under such a thermally punishing environment is facilitated by the use of a thin pyrolytic graphite anode. The results presented focus on two anode-cathode (A-K) gap spacings: 11 and 21 mm, which produce stable microwave radiation at 4.6 and 1.6 GHz, respectively. Characteristic voltage, current, and microwave waveforms in conjunction with short-time Fourier transforms, frequency spectrographs, and HPM power density data for 1000 and 500 pulses at 1.6 and 4.6 GHz, respectively, are presented.