Vulcan Minerals Inc. Expands its Equity Interest in Newfoundland Gold Exploration
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
June 16, 2022
Vulcan Minerals Inc. Expands its Equity Interest in Newfoundland Gold
Exploration
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” -
“Vulcan” TSX-V: VUL), is pleased to announce that it has entered into a property
divestment agreement with Rocky Island Gold Corp. (Rocky Island) in
Newfoundland.
• Vulcan sells 2440 mineral claims (61,000 hectares) to R ocky Island a
subsidiary of Sassy Resources Corporation (Sassy)
• Vulcan receives $250,000 cash and 3,000,000 common shares of Sassy in
exchange for a 100% working interest in the claims subject to a 1% net
smelter return royalty
The property package consi sts of three claim groups including the Gander East
property (1124 claims) covering prospective areas along the suture contact
between the Gander and Avalon tectonic zones in a trend parallel to New Found
Gold Corp’s Queensway project in central Newfoundla nd. The Triple Pt / Long
Range project (1062 claims) straddles the Cabot Fault suture in western
Newfoundland where gold exploration is occurring over a 200 km belt f rom Cape
Ray in the south to the Baie Verte Peninsula in the north. Also along this trend is
the Glover Island claim group (254) which covers ground prospective for gold.
President Patrick Laracy, commented “As part of our ongoing project generation
activities, we are pleased to have completed this deal with a strong partner
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
providing us with increased equity exposure to the mineral exploration boom in
Newfoundland.”
Claim location maps are located here https://vulcanminerals.ca/gander-western-nl-
maps/
About Vulcan Minerals
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 and base metal exploration belts. It also holds approximately
36% of the shares in Atlas Salt Inc. (TSXV: SALT).
Patrick J. Laracy, P .Geo, President is the qualified person responsible for the
technical 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
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