Vulcan Minerals Inc. – Options Voisey’s Bay South Claims to Fjordland Exploration Inc.
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
March 26, 2018
Stock Symbol: TSX-V:VUL
Vulcan Minerals Inc. – Options Voisey’s Bay South Claims to Fjordland
Exploration Inc.
St. John’s Newfoundland and Labrador - Vulcan Minerals Inc. (the “Company”“Vulcan” TSX-
V:VUL) announces that a binding Letter of Intent has been signed with Fjordland Exploration
Inc. (“Fjordland”) granting Fjordland the option to acquire a 65% working interest in 30 mineral
claims located in the South Voisey’s area, Labrador. Under the terms of the agreement,
Fjordland has the option to pay Vulcan $45,000 and incur $150,000 in exploration expenditures
over a period of three years. If the option is exercised a joint venture will be formed whereby
Vulcan will be carried for 100% of its joint venture expenditures on the claims until Fjordland
earns its full interest from Commander Resources Ltd. (“Commander”) on surrounding
contiguous lands or a minimum expenditure of $7 million on those lands.
The property is contiguous to mineral tenure held by Fjordland and Commander as part of their
South Voisey’s Bay nickel -copper-cobalt Proje ct (“SVB”) . Fjordland’s strategic investor, High
Power Exploration Inc. has notified Fjordland that they intend to fund a minimum of $1.2 million
of the proposed 2018 summer drill program on the SVB Project.
Patrick J. Laracy, P. Geo, President, is the qualified person 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
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
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, P .Geo. President
(709) 754-3186
www.vulcanminerals.ca