Vulcan Minerals Inc

Exploring for petroleum and minerals in Canada
...searching new areas for large deposits

TSXV: VUL

News

Vulcan Minerals Inc. – Commences Drilling the Colchester Copper-Gold Project in Newfoundland

News Release

 

 

November 30, 2016

 

Vulcan Minerals Inc. – Commences Drilling the Colchester Copper-Gold Project in Newfoundland

 

St. John’s Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL) announces that it has completed the previously announced Induced Polarization (IP) geophysical survey at its Colchester copper-gold property in north-central Newfoundland utilizing the OREVISION technique by Abitibi Geophysics. This high resolution technique allows three dimensional processing and visualization of the data set. The initial focus is on the Old English zone where a strong IP response is identified over a length of approximately 500 meters.  As well IP data were collected over the main Colchester zone to calibrate the data to known mineralization. An additional strong IP response was identified between the Colchester and Old English zones. A full discussion of the IP data processing, modelling and interpretation will be forthcoming. For now the Company is focussed on drill  testing the Old English anomaly to gauge the responsiveness of the known mineralization to the IP method and to augment the relatively  sparse historic drilling in this area. This drilling included Hole H-83 which intersected 65.7 m of 0.52% Copper including 17.1 m of 1.0% copper (at 118 m depth) and Hole CC-03-09 which intersected 4.2 grams/tonne gold over 2.9 m (at 97 m depth).  To this end the Company announces that it will commence drilling in the next few days. The program will be preliminary in nature amounting to approximately 900 meters over four holes to be completed in approximately two weeks. Based on the variety of mineralization identified from historic information and observed in the field, the Company believes the property will require systematic evaluation utilizing state of the art geophysical technology and several rounds of drilling.

 

The Colchester property is owned 100% by Vulcan with no underlying royalties and consists of over 2,500 hectares covering past producing historic copper mines and is accessible by paved road approximately 25 kilometres off the Trans Canada Highway. The area is serviced by an airport at Deer Lake 110 kilometres to the southwest. Please refer to our webpage www.vulcanminerals.ca for location and geology maps. The 2016 work program is eligible for financial assistance from the Junior Exploration Assistance Program of the Government of Newfoundland and Labrador.

 

Patrick J. Laracy, P. Geo, President, and Patrick Collins, P. Geo, are qualified persons responsible for the contents of this news release as defined in National Instrument 43-101.

 

We seek Safe Harbor.

 

Vulcan is establishing itself as a leading explorer in Newfoundland and Labrador focussed on project generation, value addition and partnering. Vulcan has projects available for option, including Colchester, and a competent team to operate all exploration activities. Contact us for opportunity in mineral exploration and development.

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors beyond the Company’s control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.

 

For information please contact:

Patrick J. Laracy, President

(709) 754-3186

info@vulcanminerals.ca  

www.vulcanminerals.ca