Vulcan Minerals Inc. – Completes Fieldwork on Springdale Copper-Gold and Central Newfoundland Gold Properties
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
News Release
November 16, 2017
Stock Symbol: TSX-V:VUL
Vulcan Minerals Inc. – Completes Fieldwork on Springdale Copper-Gold and
Central Newfoundland Gold Properties
St. John’s Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-
V:VUL) announces that it has completed its 2017 field programs at its Springdale copper-gold property
and at all three projects, Red Cross Lake, Glenwood and Lizard Pond, of its Central Newfoundland gold
property.
Company geologists conducted a preliminary examination on its Springdale Property, which includes the
flagship Colchester copper -gold project on the western side of the property and the past -producing
Little Bay copper mine on the eastern side of the prope rty. Fieldwork was of a reconnaissance nature
and was intended to locate and characterize known zones of copper and gold mineralization and to
enable Company geologists to integrate their observations into a broader understanding of the
geological environments that are likely to host copper and gold mineralization. The geologists collected
30 rock samples from outcrop, many of which contain high-grade copper and/or gold as per Table 1,
which summarizes the samples of note.
A team of prospectors collected 135 soil samples from an area known historically as Fallen Tree, located
in the south-central area of the Springdale Property, approximately 3.5 km east-northeast from the past-
producing Rendell -Jackman copper -gold-zinc-silver mine. Several of the above ro ck samples are from
this area as well. Fallen Tree was discovered by previous explorers in 1996 during reconnaissance
prospecting and is desc ribed as having similar geology to known copper -gold zones elsewhere on the
Springdale Peninsula. Trenching, rock a nd soil sampling, ground geophysics (VLF -EM) and finally
exploration drilling was conducted in 1996. Field samples up to 1.8 g/t gold and 1.1% copper and 4.37
g/t gold and 0.2% copper from quartz/chert -sulfide veins exposed by trenching were obtained. Dril ling
confirmed the presence of mineralization at depth, intersecting up to 1.30 m of 1.04 g/t gold. Vulcan
field samples confirmed the tenor of mineralization, obtaining up to 2.04 g/t gold and 0. 69% copper
from the trench area. Results from the 135 soil samples have been received and have a maximum value
of 157 ppb Au, with 4 samples greater than 100 ppb; the average value is 10.6 ppb. The 95th percentile is
40 ppb Au.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
Sample# Zone Cu (%) Au (ppb)
145742 Swatridge 10.3 152
145728 Line Pond 9.31 7280
145723 Delaney 7.54 722
145724 Delaney 5.09 3520
145720 Coffee Cove 3.74 379
145722 Coffee Cove 3.34 190
145738 Kidney Pond 1.13 109
145721 Coffee Cove 0.94 162
145736 Pine Pond 0.8 147
145726 Fallen Tree 0.693 2040
145727 Fallen Tree 0.139 813
145725 Fallen Tree 0.056 1260
Table 1. Select results from 2017 Springdale Property field sampling program.
In late July The Company mobilized a two -person team to its Glenwood property in Central
Newfoundland to conduct reconnaissance prospecting. Outcrop is rare at this property and few
outcrops or boulders were sampled by the team. Samples have not yet been sent for assaying. A total of
9 rock samples were collected by the team.
Following prospecting at Glenwood , the field crew mobilized to the Red Cross Lake property in Central
Newfoundland. This property is less than four kilometers from Marathon Gold’s property. The field crew
conducted rock sampling, in particular, searching for a boulder noted by explorers during nickel
exploration conducted in 2005 that contained 5.8 g/t gold and was described as being of
metasedimentary origin. The Company field crew did not locate this boulder. A wide-spaced soil sample
program was completed at Red Cross Lake and successfully identified several zones anomalous in gold,
sampling up to 73 ppb gold. Of the 63 samples collected, the average value is 14 ppb and the 95 th
percentile is 25 ppb Au.
A crew of two prospectors and two geologists were mobilized to the Company’s Lizard Pond property to
conduct field reconnaissance prospecting and attempt to relocate and sample as many historical zones
of mineralization as possible on the main licence of the property. Field crews collected 21 rock samples,
mainly from historical trenches due to limited outcrop in the project area. Results for these samples are
pending, but will be released when they become available.
The 2017 field season successfully confirmed the prospectivity of the various mineral projects.
Geochemical and geological r esults from rock and soil surveys at both Red Cross Lake and Fallen Tree
warrant follow-up exploration. The Company anticipates further, more advan ced exploration in 2018,
particularly on the Springdale copper-gold property.
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.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
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
www.vulcanminerals.ca