Vulcan Minerals Inc. – Options Voisey’s Bay South Claims to Fjordland Exploration Inc.
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 23, 2021
Stock Symbol: TSX-V:VUL
Vulcan Minerals Inc. – Options Voisey’s Bay South Claims to Fjordland Exploration
Inc.
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (the “Company”, “Vulcan” TSX-
V:VUL) announces that a binding Letter of Intent has been signed with Fjordland Exploration Inc.
(“Fjordland”) granting Fjordland the option to acquire a 100% working interest in 30 m ineral
claims (750 hectares) located in the South Voisey’s Bay area, Labrador. Under the terms of the
agreement, Fjordland has the option to pay Vulcan 1,350,000 common shares, $70,000 cash and
incur $250,000 in exploration expenditures over a period of three years , of which $25,000 cash
and 600,000 common shares are payable upon signing the agreement. Vulcan reserves a 2% net
smelter return royalty on the claims subject to Fjordla nd’s right to buy back 50% of that royalty
by paying Vulcan $2,000,000 cash.
The property is contiguous to mineral tenure held by Fjordland as part of their ongoing South
Voisey’s Bay nickel -copper-cobalt Proje ct. The South Voisey’s Bay project area con tains 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.
About Fjordland Exploration
In collaboration with Ivanhoe Electric Inc. (formerly High Power Exploration Inc.) and
Commander Resources Ltd., Fjordland is exploring the South Voisey’s Bay “Pants Lake Intrusive”
target which is in a geologic setting analogous to the nearby nickel -cobalt-copper Voisey’s Bay
deposit.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
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
01. 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 cl aims. All of Atlas’s projects are
located 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 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 f actors 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