Vulcan Minerals Inc. – Drilling Completed at Carbonear Zinc-Lead SEDEX project 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
July 21, 2026
Vulcan Minerals Inc. – Drilling Completed at Carbonear Zinc-Lead SEDEX project
in Newfoundland
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” -
“Vulcan” TSX-V: VUL), announces that it has completed its initial drilling program at the
Carbonear Project in eastern Newfoundland. Drilling commenced in mid June with five
diamond core holes drilled for a total of 1,087 meters to test geophysical and geochemical
targets.
Mineralization was encountered in each hole. Disseminated and blebby iron sulphides of
pyrite and pyrrhotite are pervasive throughout most of the holes. Calcite vein hosted and
disseminated sphalerite (zinc) and galena (lead) were noted in preliminary visual logging
of the core. Of particular interest, disseminated chalcopyrite (copper) in fracture fillings
and breccia zones were also noted for the first time. The presence of copper and
stockwork-breccia textures indicates a higher temperature depositional environment
suggestive of an active mineralized fluid plumbing system. Final results await detailed
core logging and assaying.
Patrick Laracy, President noted “ The current drill program is an early-stage exploratory
venture to better understand the mineral potential of a prospective belt of rocks extending
more than 12 kilometers along strike. Going into this program, success meant identifying
rock textures and mineral ization styles consistent with a sedimentary-hosted metal
environment. Based on the positive geological characteristics of the core, that objective
has been accomplished providing further encouragement to continue the exploration
program. Assay results will assist in identifying further targets for exploration and drilling.”
Project Summary
The property contains a late Precambrian marine sedimentary sequence prospective for
sedimentary exhalative zinc, lead and other metals (SEDEX deposit) based on several
geological characteristics. These include the geologic setting within a thick sequence
(greater than 6km) of marine basinal shale, siltstone and sandstone including turbidite
deposits containing zinc and lead mineralization. Over the last few field seasons, the
Company has methodically acquired extensive geochemical soil data combined with
historic soils, stream and lake bottom sam ples to identify a multi -element anomaly
associated with a stratigraphic zone of rocks with a distinct magnetic character. This zone
also coincides with a gravity anomaly that may be related to increased rock density
associated with more intense sulphide mineralization . The current focus is on a 2
kilometer section of the stratigraphic zone of interest that extends greater than 12
kilometers along strike with an average width of 1.5 kilometers. In a news release dated
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
February 06, 2026, the Company described the previous work carried out on this property,
providing context for the current drill program.
The property was originally identified (1980) for its sedimentary exhalative base metal
potential by Cominco, who operated the giant Sullivan SEDEX mine in British Columbia,
one of the largest zinc-lead mines in the world.
About Vulcan
Vulcan Minerals is a precious and base metals exploration company based in St. John’s,
Newfoundland and Labrador. The Company has strategic land positions in multiple active
Newfoundland gold and base metal exploration and development belts. It also holds
approximately 23.6% of the shares in Atlas Salt Inc. (TSXV: SALT). Atlas Salt is currently
developing the Great Atlantic Salt mine in western Newfoundland.
Patrick J. Laracy P.Geo ., President , is the qualified person who has reviewed and
approved the technical contents of this news release as defined in National Instrument
43-101.
We seek safe harbour.
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is
defined in the Policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. This press release includes certain “forward-looking
information” and “forward-looking statements” (collectively “forward-looking statements”)
within the meaning of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein, without limitation, statements relating to the
future operating or financial performance of the Company, are forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as
“expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar
expressions, or statements that events, conditions, or results “will”, “may”, “could”, or
“should” occur or be achieved. Forward-looking statements in this press release relate to,
among other things: completion, delivery and timing of the referenced exploration program
and assumptions related thereto. Actual future results may differ materially. There can be
no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements. Forward-looking
statements reflect the beliefs, opinions and projections on the date the statements are made
and are based upon a number of assumptions and estimates that, while considered
reasonable by the respective parties, are inherently subject to significant business,
technical, economic, and competitive uncertainties and contingencies. Many factors, both
known and unknown, could cause actual results, performance or achievements to be
materially different from the results, performance or achievements that are or may be
expressed or implied by such forward -looking statements and the parties have made
assumptions and estimates based on or related to many of these factors. Such factors
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
include, without limitation: the timing, completion and delivery of the referenced
assessments and analysis. Readers should not place undue reliance on the forward-looking
statements and information contained in this news release concerning these times. Except
as required by law, the Company does not assume any obligation to update the forward-
looking statements of beliefs, opinions, projections, or other factors, should they change,
except as required by law.
For information please contact:
Patrick J. Laracy, P.Geo.
President
(709) 754-3186
www.vulcanminerals.ca