Vulcan Minerals Inc. (“the Company” TSX-V: VUL) is pleased to announce that the Vulcan-Investcan Robinson’s #1 well in western Newfoundland has set and cemented 13 3/8 inch casing at 829 metres depth. The well is currently being prepared to drill ahead. The well is planned to a total depth of 3600 metres and will be the first deep well in the underexplored Bay St. George basin. The drilling program is being conducted pursuant to a 50/50 joint venture with Investcan Energy Corporation.
Because the well is a wildcat well in a new basin it is being constructed with an extra string of casing requiring a larger diameter hole in the upper sections of the well. This adds to the drilling time compared to a similar depth well in a basin with lots of geological control. This is normal in a frontier environment and is part of the drilling program. The company is pleased with progress to date.
Vulcan is a diversified junior exploration company focussed on petroleum exploration in the under-explored Western Newfoundland area and also holds mineral interests in areas strategic to its operations in Newfoundland and Labrador.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company.
There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.