Vulcan Minerals Inc. Successfully Completes its Colchester Drilling 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
November 23, 2021
Vulcan Minerals Inc. Successfully Completes its Colchester Drilling in
Newfoundland
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” -
“Vulcan” TSX-V: VUL), is pleased to announce completion of its drilling program at
its 100% owned Colchester copper/gold project in Newfoundland. A total of 1511
meters were drilled over 8 scout holes testing a variety of targets within mafic
volcanic sequences. One hole was drilled to test the western flank of the historic
Colchester deposit. Three holes tested the central portion of the underexplored
McNeilly zone while four holes tested induced polarization (IP) anomalies on the
new Andrews Pit area. Several stringer and disseminated sulfide zones were
encountered containing chalcopyrite with variable associations of pyrite, pyrrhotite
and sphalerite , the significance of which won’t be known until assays are
received.
Patrick Laracy, President, remarked , “Our drilling program 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 program was successful in intersecting copper
sulphide zones visually similar to the stringer zones historically encountered in
the Colchester area. The results will assist in calibrating the new data to historic
mineral occurrences. We believe this project has the potential to add significant
tonnage to the historically reported resources. As well, we look forward to
expanding the program in 2022 to further investigate the underexplored
gold occurrences within the larger Springdale property area.”
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
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 including drilling companies, field services and an
analytical laboratory.
A review of the relevant data with maps is available in the corporate presentation
at the company’s website landing page, www.vulcanminerals.ca. Maritime
Resources Corp. is currently redeveloping the Hammerdown gold mine
approximately 5 kilometers southwest of the Springdale property.
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
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.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
For information please contact:
Patrick J. Laracy, P .Geo.
President
(709) 754-3186
www.vulcanminerals.ca