Vulcan Minerals Inc. Exploration Update
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
April 27, 2022
Vulcan Minerals Inc. Exploration Update
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” -
“Vulcan” TSX-V: VUL), provides the following exploration update.
Colchester Springdale Drilling Update
The Company is still waiting for drill assay results. A total of 1511 meters were
drilled over 8 scout holes in late 2021 testing a variety of targets within mafic
volcanic sequences at Colchester. Several stringer and disseminated sulfide zones
were encountered containing chalcopyrite with variable associations of pyrite,
pyrrhotite and sphalerite . The program was successful in intersecting copper
sulphide zones visually similar to the stringer zones historically encountered in the
Colchester area. A total of 621 samples were cut and submitted for assay. Backlogs
in the laboratory are creating extraordinary delays in getting assay results. Results
are expected in the next 2 -3 weeks. They will be released after compilation and
review.
The Colchester project 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. The Springdale property is road accessible and near
significant mining services.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
A review of the relevant data with maps is available in the corporate presentation
at the company’s website landing page, www.vulcanminerals.ca .
New Project Generation
The Company continues to generate and stake new gold and base metal projects
as part o f its ongoing strategy to leverage its geologic knowledge base in
Newfoundland and Labrador. An impressive land package has been acquired and
further evaluation and strategic work continues. Upon completion of this work,
the Company will provide a description of these properties and the exploration
strategy.
President Patrick Laracy noted “ Newfoundland and Labrador is one of the most
exciting mineral exploration destinations in the world given its high geologic
prospectivity coupled with recent discoveries. We believe that the province will be
a significant player in the tremendous upside potential of the mineral exploration
business as it responds to the increasing demand for minerals to facilitate a
transition to cleaner energy solutions.”
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 36% of the shares in Atlas Salt Inc. (TSXV: SALT) . 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
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-
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
looking statements. Actual events or results may di ffer 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 undertak es
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