Vulcan Minerals Inc. Commences Drilling at its Colchester Copper/ Gold Property in Newfoundland
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
October 12, 2021
Vulcan Minerals Inc. Commences Drilling at its Colchester Copper/
Gold Property in Newfoundland
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” -
“Vulcan” TSX-V: VUL) is pleased to announce commencement of drilling at its
100% owned Colchester copper/gold property in Newfoundland. A minimum
program of 1500 meters will test the Andrews Pit geophysical target which offsets
the historic main Colchester copper/gold deposit. As well, the western flank of
the Colchester deposit and the McNeily showing will be drill tested. The
Colchester area is part of the larger Springdale property which hosts numerous
historic copper and gold deposits and showings, none of which have been
adequately explored with the benefit of modern digital geophysical and
geological modelling. A review of the data with relevant maps is available in the
corporate presentation at the company’s website www.vulcanminerals.ca.
Maritime Resources Corp. is currently redeveloping the Hammerdown gold mine
approximately 5 kilometers southwest of the Springdale property.
Patrick Laracy, President, remarked, “Our ongoing work at the Springdale/
Colchester property is part of a larger objective to fully evaluate the copper
and gold endowment of this extensively mineralized area within a volcanic,
intrusion and vein hosted environment. The current drill program will focus on
high resolution induced polarization anomalies to test for new mineralization as
well as calibrate the new data to historic occurrences. The Springdale property
contains a diversity of gold and copper prospects, is road accessible and near
significant mining services including drilling companies, field services and an
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
analytical laboratory. As such it makes for an exciting project in an advantaged
area and is a key exploration asset for the Company.”
South Voisey’s Bay
The Company further notes, in follow up to its option agreement with Fjordland
Exploration I nc. (September 23 rd news release), that Fjordland announced on
October 6th that it has initiated a new electromagnetic ground survey on its regional
South Voisey’s Bay nickel copper cobalt project in Labrador, of which the Vulcan
option forms a part. The survey is being funded by Ivanhoe Electric Inc., a privately
owned US corporation led by CEO and Co-Chair Robert Friedland. Fjordland added
that “positive survey results are expected to lead to a drill program in 2022”.
About Vulcan
Vulcan Minerals is a precious and base metals exploration company based in St.
John’s Newfoundland. The company has strategic land positions in multiple active
Newfoundland gold exploration and development belts. It also holds
approximately 38% of the shares in Atlas Salt Inc. (TSXV: SALT) (formerly Red
Moon Resources Inc.). Atlas Salt Inc. is the new name for Red Moon
Resources Inc. which commenced trading under the new stock symbol SALT on
September 1st. Atlas Salt is an industrial minerals company that is carrying out
a feasibility analysis on its Great Atlantic Salt deposit. It also produces gypsum
from its Ace Mine and owns the mineral rights to the Fischell’s Brook salt dome
and other strategic salt claims. These Atlas’s projects are in western
Newfoundland.
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 harbour.
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
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
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