Vulcan Minerals Inc. – Drilling Commences at Colchester, Newfoundland
2023年8月1日 - 10:20PM
Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V:
VUL), is pleased to provide an exploration update on its
activities in Newfoundland and Labrador as follows:
Highlights:
- Drilling commences at the
Colchester/McNeily zone
- Geochemical soil sampling
at the Springdale Project completed
- Geochemical soil sampling
at Carbonear completed
Colchester/McNeily
Copper-Gold
Drilling has commenced at the McNeily zone
within the Colchester project with the mobilization of the drill
rig and crew. Drilling will focus on further delineating
mineralization encountered in Vulcan’s 2021 drill program as well
as from historic trenches and drill holes. The program will consist
of approximately 1000 meters of diamond core drilling.
Copper and gold mineralization is hosted in
several stringer, disseminated and locally semi - massive sulfide
zones outcropping at surface and continuing at depth and along
strike. Mineralization is associated with abundant chalcopyrite
with variable pyrite, pyrrhotite and sphalerite within sheared and
chloritized mafic volcanic flows. Increased gold content generally
correlates with higher zinc grades.
Drilling highlights from the 2021 program
include up to three mineralized zones in each hole. In CL-21-01,
the main mineralized zone was intersected between 88 m and 116 m
and returned assays of 1.58% Copper (Cu) 0.33 grams per tonne gold
(g/t Au) over 28 m, including several 0.5 m samples over 1 g/t Au.
Within that wider interval is a higher-grade zone of 2.31% Cu, 0.51
g/t Au over 14 m. In CL-21-02, a 20 m wide zone contained 1.23% Zn
and 0.34 g/t Au including a 5 m interval of 3.26 % Zn and 0.67 g/t
Au. Holes CL-21-01 and 02 both contain enriched Zn and Au values
near the bottom of the holes suggesting mineralization continues at
depth.
Springdale Gold
In late 2022, 457 soil samples were taken over
the Pine Pond West grid where two regional faults intersect along
an oblique splay structure. This area has potential for orogenic
gold in quartz veins and copper/gold mineralization. The Pine Pond
grid delivered highly anomalous gold values with 10 soil samples
assaying greater than 100 parts per billion (ppb) gold with the
highest sample yielding 1540 ppb (1.54 g/t gold). Prospecting of
the anomalous areas is ongoing.
The Maple Leaf showing occurs approximately 4 km
along strike where quartz veins have yielded up to 54 g/t gold with
associated heavy mineral concentrate stream samples yielding up to
840 g/t gold from historic sampling by Noranda. A grid over the
Maple Leaf showing was partially sampled in late 2022 and has now
been completed with a total of 454 soil samples taken.
In addition, a third grid has been added at
Western Brook where reconnaissance historic results indicate gold
anomalies in soil and stream sediments. A total of 492 soil samples
have been taken focussing on favorable geologic structures.
All samples have been dispatched to SGS Canada’s
laboratory for processing and analysis. Results will direct future
prospecting, trenching and other follow up work.A map outlining the
areas of interest is available here.
Carbonear SEDEX Base Metals and
Gold
The Carbonear project is an early stage
exploration venture designed to evaluate the sedimentary exhalative
zinc – lead (SEDEX) potential in an area with geologic attributes
similar to other major SEDEX deposits worldwide. These attributes
include a late Precambrian clastic sedimentary basin sequence of
black shale/siltstone/sandstone containing substantial turbidite
sequences containing lead and zinc mineralization. Significant
unexplained gold and other poly-metallic geochemical signatures are
also present in the historic data which require explanation.
The company is in the process of completing an
extensive soil geochemical program which was initiated in 2022. As
of July 21, 2023, a total of 1303 samples have been collected,
primarily focussed along a magnetically anomalous zone in
favourable structure as identified from high resolution airborne
magnetic and LIDAR surveys completed by the company in 2022. All
samples have been shipped to SGS Canada's laboratory for
analysis.
President Patrick Laracy commented “The
Colchester/Springdale area presents several copper and gold
exploration and delineation targets. The current drill program and
geochemical surveying will add significant new knowledge about the
potential of this area to host economic deposits. This is the core
exploration project for our company as we systemically generate
results in 2023.”
About Vulcan
Vulcan Minerals is a precious and base metals
exploration company based in St. John's NL, with strategic land
positions in multiple active Newfoundland gold exploration and
development belts. The Company has leveraged its exploration
exposure in most of this land position through equity ownership of
other explorers obtained by way of option and royalty agreements.
It also holds approximately 30.5% of the outstanding shares in
Atlas Salt (TSXV: SALT). Atlas Salt is nearing completion of a
feasibility analysis on its Great Atlantic salt deposit in western
Newfoundland strategically located in the robust road de-icing
market of eastern North America.
Patrick J. Laracy, P. Geo. President, is the
qualified person responsible for the technical contents of this
news release as defined in National Instrument 43-101.
We seek safe harbour.
For information please contact:Patrick J.
Laracy, P.Geo.President (709)
754-3186info@vulcanminerals.cawww.vulcanminerals.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider, (as the term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This press release
includes certain “forward-looking information” and “forward-looking
statements” (collectively “forward-looking statements”) within the
meaning of applicable Canadian securities legislation. All
statements, other than statements of historical fact, included
herein, without limitation, statements relating to the future
operating or financial performance of the Company, are
forward-looking statements. Forward-looking statements are
frequently, but not always, identified by words such as “expects”,
“anticipates”, “believes”, “intends”, “estimates”, “potential”,
“possible”, and similar expressions, or statements that events,
conditions, or results “will”, “may”, “could”, or “should” occur or
be achieved. Forward-looking statements in this press release
relate to, among other things: completion, delivery and timing of
the referenced exploration program and assumptions related thereto.
Actual future results may differ materially. There can be no
assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made and are based upon a number of assumptions and estimates
that, while considered reasonable by the respective parties, are
inherently subject to significant business, technical, economic,
and competitive uncertainties and contingencies. Many factors, both
known and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: the timing,
completion and delivery of the referenced assessments and analysis.
Readers should not place undue reliance on the forward-looking
statements and information contained in this news release
concerning these times. Except as required by law, the Company does
not assume any obligation to update the forward-looking statements
of beliefs, opinions, projections, or other factors, should they
change, except as required by law.
Vulcan Minerals (TSXV:VUL)
過去 株価チャート
から 11 2024 まで 12 2024
Vulcan Minerals (TSXV:VUL)
過去 株価チャート
から 12 2023 まで 12 2024