Vulcan Mineral’s South Voisey’s Bay Claims are within 200 meters of Fjordland Exploration’s Sandy Target
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
September 13, 2017
Stock Symbol: TSX.V:VUL
Vulcan Mineral’s South Voisey’s Bay Claims are within 200 meters of
Fjordland Exploration’s Sandy Target
St. John’s Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-
V:VUL) announces that it has acquired a strategic land position in the South Voisey’s Bay nickel-
copper-cobalt project in Labrador. The Company’s claims are directly adjacent to the Sandy and
Sandy North targets that Fjordland Exploration Inc. and Commander Resources Ltd.
(Fjordland/Commander) are currently preparing to drill as described in their news release of
September 6, 2017. The Company’s South Voisey’s Bay Project comprises three licences
containing a total of thirty claims as outlined on location maps at www.vulcanminerals.ca. The
first licence contains twenty claims and is underlain by portions of the Worm Gabbro, which at
surface is a north dipping elongated mafic intrusion that may be a conduit that connects the
northern and southern portions of the Pants Lake Intrusion. The southwestern boundary of this
licence is within 200 m of the surface expression of the Sandy Target, which is an
electromagnetic anomaly identified by previous Fjordland/Commander geophysical surveys.
The target lies on the Fjordland/Commander licences. Vulcan’s licence was acquired to cover
the possible downdip extension of the Sandy Targets. The Company’s second licence contains
two claims that are underlain by the Sarah Hill-South Intrusion, which hosts the highest grade
over width averages for nickel from previous drilling in the South Voisey’s Bay project. Drill
holes encountering low-grade nickel–copper occur within 500 m of this licence, but no holes
are reported within the licence. The third licence contains eight claims underlain by the Mineral
Hill intrusion.
The South Voisey’s Bay project area contains the Pant’s Lake mafic intrusive complex which was
first explored for nickel following the 1993 discovery of the Voisey’s Bay nickel-copper-cobalt
mine, approximately 80 kilometers north. Several rounds of drilling and geophysics have
established the intrusion’s potential for significant accumulations of massive magmatic
sulphides as described in the NI 43-101 Technical Report on the South Voisey’s Bay Project
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected], Website: www.vulcanminerals.ca
Labrador for Fjordland/Commander by L. John Peters, P.Geo., Bernard Kahlert, P.Eng. and
Darryn Hitchcock, P. Geo. (2015) as filed on Sedar at www.sedar.com.
A powerful tool in nickel exploration requires understanding the distribution of nickel in the
target intrusions, because when anomalously low nickel concentrations are encountered it is
commonly explained by a process which extracts the “missing” nickel and concentrates it into
nickel sulfide bodies that can potentially be discovered using geochemical and geophysical
detection methods. Geochemical evidence at Pants Lake has demonstrated significant nickel
depletion in the target gabbroic rocks, suggesting the nickel may have been remobilized into
yet to be discovered massive sulfide deposits.
The Company’s South Voisey claims were staked prior to the recent announcement on
September 06 2017 that Fjordland had entered into a strategic investment agreement with
High Power Exploration Inc. (HPX) to explore the South Voisey’s Bay project. This includes an
imminent drilling program focussed on testing the Sandy targets. HPX is a private company
whose CEO, co-Chair and significant shareholder is Robert Friedland formally of Diamond Fields
Resources Inc. which underwrote the discovery of Voisey ’s Bay in 1993. In light of this
development Fjordland/Commander enlarged its land position by 872 claims totally enclosing
Vulcan’s mineral claims.
Commenting on these recent developments Patrick Laracy , President of the Company said “I
am glad to see Mr . Friedland return to Labrador where he enjoyed so much success with the
Voisey’s Bay discovery. We look forward to the upcoming Fjordland /Commander drill program
which will dictate our next moves with our strategically located land position. The renewed
interest in the Voisey ’s South Project and recent gold discoveries in central Newfoundland
indicate that the province remains an attractive mineral exploration destination as the metals
commodity cycle regains strength after several quiet years.”
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
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected], Website: www.vulcanminerals.ca
www.vulcanminerals.ca