St. John’s Newfoundland and Labrador – Vulcan Minerals Inc. (“the Company” – “Vulcan” TSX-V:VUL) announces that the Company has added 42 claims to its Voisey’s Bay South project where Fjordland Exploration Inc. (Fjordland) has rejuvenated exploration in the prospective Pants Lake intrusion. The Pants Lake mafic intrusive complex was first explored for nickel following the 1993 discovery of the Voisey’s Bay nickel-copper-cobalt mine approximately 80 kilometres north. Several rounds of drilling and geophysics have established the intrusion’s potential for significant accumulations of magmatic massive sulphides. Vulcan’s new claims are strategically located in the northern portion of the intrusion in an area postulated to be down dip of some of the best historic drill results on the project. The claims are covered by a series of geophysical surveys which are currently being reviewed. The Company now holds 72 strategically located claims including a land position proximal to the Sandy targets in the south portion of the intrusion where Fjordland completed a drilling program in late 2017.
Copper Gold Projects
The Company continues to evaluate the Springdale copper/gold and Central Newfoundland gold results from the successful 2017 field season. This work is expected to fulfill all expenditure obligations on the projects and keep the claims in good standing pursuant to the regulatory requirements. Adjustments to the land positions will be made to reflect the Company’s better understanding of each property’s mineral potential from the 2017 results. Exploration plans for 2018 are currently being formulated and partners are being solicited to advance the projects.
Red Moon Resources
Vulcan’s subsidiary Red Moon Resources Inc. (Red Moon) has announced an update on its industrial mineral developments available at www.redmoonresources.com . Highlights include the environmental clearance for the development of its Ace gypsum deposit in western Newfoundland and positive initial geochemical results for its 2017 bulk sample of the Black Bay nepheline deposit in southern Labrador.
Prospectors and Developers Association Convention (PDAC)
The Company will be exhibiting at the PDAC from Sunday, March 4th to Wednesday, March 7th in the Investors Exchange at the Metro Toronto Convention Centre. Please come and visit us at Booth 2744 if you are attending the conference. The PDAC International Convention is the world’s premier mining investment convention for people, companies and organizations in, or connected with, mineral exploration.
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.
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