Vulcan Minerals Inc. – Springdale Copper-Gold Update
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946 Email: [email protected]
www.vulcanminerals.ca
News Release
August 03 2017
Stock Symbol: TSX.V:VUL
Vulcan Minerals Inc. – Springdale Copper-Gold Update
St. John’s Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-
V:VUL) announces that it is providing an update on its 2017 Springdale project field season, which
commenced in June. In 2016 the Company acquired a significant land position for advanced and
early stage copper–gold exploration projects in N ewfoundland. The company’s 2017 focus is to
ensure each project is prospected on the ground and further mapping, geochemical and
geophysical surveys are carried out where warranted towards identifying trenching and drill
targets. An upcoming news release w ill detail activity on Vulcan’s Central Newfoundland gold
projects. Field work has commenced in central Newfoundland and a crew will be mobilized to the
Red Cross Lake property next week to attempt to locate the source of gold-bearing float reported
by Falconbridge on the company’s claims just 4 kilometers east of the Marathon gold deposit
currently being drilled off by Marathon Gold Corp. (see Vulcan’s news release dated April 26,
2017).
Springdale Copper - Gold Project
The Springdale project consists of all the C ompany’s properties on the Springdale peninsula, an
historic copper -gold mining region in north -central Newfoundland. It contains the Colchester,
Pine Pond and Little Bay Mine properties. Company geologists have undertaken an extensive visit
to various parts of the peninsula to assess the geologic environments in which the various mines
and deposits occur in order to better evaluate the significance of the mineralization and its host
geology. The area has a high mineral endowment with a mining history datin g back to the late
1800’s. The Company is committed to a multi -stage, methodical approach to exploration and
development. It is the core project for the Company.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946 Email: [email protected]
www.vulcanminerals.ca
Pine Pond Property
Company geologists visited 24 historic copper - gold showings and sites of exploratory interest to
sample the various prospects and evaluate the potential scale of the occurrences based on
geologic characteristics and exposure in the area. The basic description of many of these
showings was provided in the news release of May 09, 2017. The company has submitted 20 rock
samples from the various showings for assay and is awaiting results.
Little Bay Mine Property
The Little Bay Mine (including the Sleepy Hollow mine) produced approximately 3.57 million
tonnes at 0.89 -1.96% copper from 1961-1969. The company has compiled 166 drill holes, various
geophysical surveys, geochemical surveys and mining reports which have been incorporated into
3D modelling software. The company believes that the mine area has the potential to contain
unmined resources based on the geophysical features occurring along strike of the mine workings
and the fact the mine closed due to an operational issue with the collapse of the crown pillar.
Company geologists have visited 16 mineral showings and sites of interest including the mine site
to analyse the style of mineralization and scout the area for surface extensions of favourable
geology and the terrain for conducting a modern geophysical survey. The Company has
submitted 10 samples for assay and is awaiting results. The company is planning a ground
geophysical program for this Fall to confirm the presence of historical anomalies along strike from
the mine workings.
Colchester Property
In late 2016 the Company mapped the northern part of the property, conducted a high-resolution
induced polarization (IP) survey and drill tested the Old English zone. Drill results confirmed the
style and tenor of high grade copper mineralization hosted by chloritic shear zones within a mafic
volcanic sequence. Several IP anomalies have been identified that calibrate with known zones of
mineralization as well as new anomalies in areas with no known historic drilling. It is assumed
based on cursory inspection last year that the area exhibiting the new IP anomalies does not
contain any outcrop exposure. The company will send a mapping team to further ground inspect
the new IP anomalies, prospect and map the Colchester Main zone and McNeily zones towards
identifying trench and drill targets.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946 Email: [email protected]
www.vulcanminerals.ca
The Company continues to add value to each of its projects and solicits joint ventures or option
deals when the project has matured to the point where it would be attractive to a new explorer.
Please refer to www.vulcanminerals.ca for further information about the Company’s projects .
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
(709) 754-3186
www.vulcanminerals.ca