Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V:
VUL), announces impressive copper - gold assay results
from the McNeily drill program carried out in late 2023 as part of
the Company’s Colchester project in central Newfoundland.
Highlights are as follows:
- 15 meters of 1.21% copper
and 0.51 grams per tonne gold including 6.75 meters of 2.38% copper
and 1.01 grams per tonne gold in CL-23-13
- 13.5 meters of 1.51% copper
and 0.95 grams per tonne gold including 7.5 meters of 2.49% copper
and 1.55 grams per tonne gold in CL-23-14
A total of 1001 meters (m) were drilled over 6
holes within mafic volcanic rock sequences in the McNeily area.
Stringer, disseminated and locally semi - massive sulfide zones
were encountered containing chalcopyrite with variable associations
of pyrite, pyrrhotite and minor sphalerite. Mineralization is
associated with chalcopyrite within sheared and chloritized mafic
volcanic rocks. Quartz and quartz/carbonate veining is locally
developed.
McNeily Zone
CL-23-13Hole CL-23-13 was
collared approximately 75 m south of CL-21-01 (Vulcan 2021 drill
hole) and was drilled to a depth of 143.0 m. Notable intersections
include 15.0 m of 1.21% Cu and 0.51 g/t Au from 8.0 m to 23.0 m
including 6.75 m of 2.38 % Cu and 1.01 g/t Au from 11.0 m to 17.75
m. Within this interval one 1.5 m sample assayed 3.23% Cu and 1.15
g/t Au from 12.5 m to 14.0 m.
HOLE ID |
From (m) |
To (m) |
Length (m) |
Type |
Cu % |
Au g/t |
CL-23-13 |
8 |
23 |
15 |
Composite |
1.21 |
0.51 |
Including |
11 |
17.75 |
6.75 |
Composite |
2.38 |
1.01 |
And |
12.5 |
14 |
1.5 |
Sample |
3.23 |
1.15 |
CL-23-14Hole CL-23-14 was
collared approximately 50 metres north of CL-23-13 and was drilled
to a depth of 131.0 m. Mineralization consists of disseminated and
coarse stringer chalcopyrite and pyrite. Results include 26.0 m of
0.72% Cu and 0.9 g/t Au from 0 to 26.0 m including 4.5 m of 1.25%
Cu and 0.19 g/t Au from 9.5 m to 14.0 m. The main mineralized
interval in CL-23-14 includes 13.5 m of 1.51% Cu and 0.95 g/t Au
from 48.5 m to 62.0 m including 7.5 m of 2.49% Cu and 1.55 g/t Au.
One 1.5 m sample from 53.0 m to 54.5 m returned 4.85 % Cu and 3.56
g/t Au.
HOLE ID |
From (m) |
To (m) |
Length (m) |
Type |
Cu % |
Au g/t |
CL-23-14 |
0 |
26 |
26 |
Composite |
0.72 |
0.09 |
Including |
9.5 |
14 |
4.5 |
Composite |
1.25 |
0.19 |
|
|
|
|
|
|
|
CL-23-14 |
33.5 |
41 |
7.5 |
Composite |
0.03 |
0.91 |
Including |
38 |
39.5 |
1.5 |
Sample |
0.04 |
2.08 |
|
|
|
|
|
|
|
CL-23-14 |
48.5 |
62 |
13.5 |
Composite |
1.51 |
0.95 |
Including |
48.5 |
56 |
7.5 |
Composite |
2.49 |
1.55 |
And |
53 |
54.5 |
1.5 |
Sample |
4.85 |
3.56 |
CL-23-09Hole CL-23-09 was
drilled to a depth of 209 m approximately 25 m across strike from a
trenched area where the McNeily zone is exposed. Chalcopyrite is
present as narrow stringers and disseminations. Notable
intersections include 6.5 m of 0.45% Cu and 0.95 g/t Au from 24.0 m
to 30.5 m including 2.5 m of 0.90% Cu and 1.94 g/t Au from 24.0 m
to 26.5 m.
HOLE ID |
From (m) |
To (m) |
Length (m) |
Type |
Cu % |
Au g/t |
CL-23-09 |
24 |
30.5 |
6.5 |
Composite |
0.45 |
0.95 |
Including |
24 |
26.5 |
2.5 |
Composite |
0.90 |
1.94 |
CL-23-10Stepping out 50 m
southwest of CL-23-09, this hole was drilled to 161 m to test
mineralization at depth beneath an exposed trench.
The main mineralized zone includes 5.0 m of 0.4%
Cu from 35.0 to 40.0 m. A 1.8 m sample includes 2.71 g/t Au from
128 m to 129.8 m.
HOLE ID |
From (m) |
To (m) |
Length (m) |
Type |
Cu % |
Au g/t |
CL-23-10 |
35 |
40 |
5 |
Composite |
0.40 |
0.08 |
|
|
|
|
|
|
|
CL-23-10 |
128 |
129.8 |
1.8 |
Sample |
0.06 |
2.71 |
CL-23-11Hole CL-23-11 was
collared 50 m southwest of CL-23-10 and drilled to a depth of 150
m. This hole was intended to test the extension of mineralization
along strike of the exposed trench mineralization at McNeily.
Results include 9.0 m of 0.73% Cu from 62 to 71 m including 3.5 m
of 1.22% Cu from 63.0 to 66.5m.
HOLE ID |
From (m) |
To (m) |
Length (m) |
Type |
Cu % |
Au g/t |
CL-23-11 |
13.5 |
17.5 |
4 |
Composite |
0.32 |
0.60 |
Including |
15.5 |
17 |
1.5 |
Composite |
0.62 |
1.13 |
And |
15.5 |
16 |
0.5 |
Sample |
0.89 |
2.84 |
|
|
|
|
|
|
|
CL-23-11 |
62 |
71 |
9 |
Composite |
0.73 |
0.24 |
including |
63 |
66.5 |
3.5 |
Composite |
1.22 |
0.24 |
And |
64.15 |
64.65 |
0.5 |
Sample |
2.81 |
0.46 |
|
|
|
|
|
|
|
CL-23-11 |
79.7 |
82 |
2.3 |
Composite |
0.61 |
0.16 |
CL-23-12Hole CL-23-12 was
drilled 90 m southeast of CL-23-11 and 40 m southeast of CL-21-01.
This hole was drilled towards the northwest to scissor hole
CL-21-01 (14 meters of 2.31% Cu within a wider zone of 28 meters of
1.58% Cu). CL-23-12 was abandoned at 22 m due to hole conditions.
Chalcopyrite occurs as coarse stringers and veinlets. Results
include 0.87% Cu and 0.33 g/t Au over 5.5 m from 5 m to 10.5 m
including 2.53% Cu and 0.70 g/t Au over 1.5 m from 5.5 m to 7.0 m.
A 10 m interval from 12.0 m to 22.0 m includes 0.89 % Cu and 0.23
g/t Au including 2.80% Cu and 0.86 g/t Au over 1.5 m from 12.5 m to
14.0 m.
HOLE ID |
From (m) |
To (m) |
Length (m) |
Type |
Cu % |
Au g/t |
CL-23-12 |
5 |
10.5 |
5.5 |
Composite |
0.87 |
0.33 |
Including |
5.5 |
7 |
1.5 |
Composite |
2.53 |
0.70 |
And |
6 |
6.5 |
0.5 |
Sample |
4.19 |
1.26 |
|
|
|
|
|
|
|
CL-23-12 |
12 |
22 |
10 |
Composite |
0.89 |
0.23 |
Including |
12.5 |
14 |
1.5 |
Composite |
2.80 |
0.86 |
And |
12.5 |
13 |
0.5 |
Sample |
5.19 |
2.13 |
CL-23-12AHole CL-23-12A was
drilled approximately 5 m northeast CL-23-12. It was
drilled to 185.0 meters. Mineralization includes 0.26% Cu and 0.19
g/t Au over 7.5 m from 12.5 m to 20.0 m, 0.35% Cu over 4.5 m from
24.5 m to 29.0 m and 0.23% Cu over 10.5 m from 98.0 m to 108.5
m.
HOLE ID |
From (m) |
To (m) |
Length (m) |
Type |
Cu % |
Au g/t |
CL-23-12A |
12.5 |
20 |
7.5 |
Composite |
0.26 |
0.19 |
|
|
|
|
|
|
|
CL-23-12A |
24.5 |
29 |
4.5 |
Composite |
0.35 |
0.03 |
|
|
|
|
|
|
|
CL-23-12A |
89 |
92 |
3 |
Composite |
0.37 |
0.04 |
|
|
|
|
|
|
|
CL-23-12A |
98 |
108.5 |
10.5 |
Composite |
0.23 |
0.03 |
Notes:True widths are uncertain
and more drilling is required to ascertain proper orientation of
the mineralized zones. The tables summarize composited assay
intervals described for the reported holes. These intervals are
length-weighted averages of core-thickness intervals. Only assayed
intervals were included in the composites. A total of 614 samples
were cut and submitted for assay. Significant assays are reported
herein, remaining samples represent lower grade envelopes around
the mineralized zones and samples without significant
mineralization taken for stratigraphic-calibration purposes.
Drill Hole Coordinates:
HOLE ID |
East |
North |
Elevation |
Azimuth |
Dip |
Length |
CL-23-09 |
566050 |
5498271 |
191 |
120 |
-65 |
209 |
CL-23-10 |
566003 |
5498238 |
180 |
120 |
-65 |
161 |
CL-23-11 |
565967 |
5498200 |
172 |
120 |
-65 |
150 |
CL-23-12 |
566056 |
5498166 |
173 |
300 |
-65 |
22 |
CL-23-12A |
566049 |
5498176 |
176 |
300 |
-65 |
185 |
CL-23-13 |
566038 |
5498111 |
168 |
300 |
-60 |
143 |
CL-23-14 |
566023 |
5498158 |
166 |
120 |
-60 |
131 |
Coordinates are UTM NAD83 Zone 21
The drill program was successful in delineating
and extending the McNeily zone to the south.
President Patrick Laracy notes “The McNeily zone
is proving to have continuity along strike, though structurally we
expect minor lateral offsets. As such we are evaluating the need
for further geophysics to prioritize drill targets for 2024. The
high-grade copper with appreciable gold credits warrants further
delineation towards adding tonnage to the overall Colchester
project.”
The Colchester project is part of the larger
Springdale property which hosts numerous historic copper and gold
deposits and showings, none of which have been adequately explored
with the benefit of modern digital geophysical and geological
modelling. These prospects occur within close proximity to each
other and provide excellent advanced exploration targets towards
resource definition. The Springdale property is road accessible and
near significant mining services.
A review of the relevant data with maps is
available in the corporate presentation at the company’s website
landing page, www.vulcanminerals.ca . Drill location maps are
available here.
Quality Control:Vulcan used SGS
Natural Resources (SGS) for all sample assaying in this drilling
program. SGS Natural Resources analytical laboratories operate
under a Quality Management System that complies with ISO/IEC 17025.
Vulcan employed SGS’ four-acid digestion / ICP-OES multi-element
analysis package grouped with 30 g, fire assay, AAS finish for
gold. A four-acid digestion / ICP-OES “ore-grade” analysis package
is utilized for base metals assaying greater than detection limits.
Vulcan employed the use of standard reference materials for quality
control at a rate of 5% of total samples. SGS undertakes their own
internal coarse and pulp duplicate analysis to ensure proper sample
preparation and equipment calibration. Preliminary inspection of
these control samples shows them to be within the expected
limits.
About VulcanVulcan Minerals is
a precious and base metals exploration company based in St. John’s
Newfoundland. The company has strategic land positions in multiple
active Newfoundland gold and base metal exploration and development
belts. It also holds approximately 30.5 % of the shares in Atlas
Salt Inc. (TSXV: SALT). Atlas Salt is an industrial minerals
company that is currently developing the Great Atlantic Salt
deposit in western Newfoundland.
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.
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.
For information please contact:Patrick J.
Laracy, P.Geo.President (709)
754-3186info@vulcanminerals.cawww.vulcanminerals.ca
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