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
February 11, 2020
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:
Springdale Copper - Gold Project
The Springdale project consists of three properties on the Springdale peninsula, an historic
copper-gold mining region in central Newfoundland. It contains the Colchester, Fallen Tree and
Little Bay Mine properties. The Company has completed detailed digitization and compilation of
historic work on these properties combined with several field investigations consisting of
prospecting, mapping, geophysics and drilling , the details of which are summarized on the
Company’s website www.vulcanminerals.ca.
In 2019 t he company enlarged the Fallen Tree gold property by acquiring through staking an
additional 8 claims covering the Burnt Berry gold showings. The Burnt Berry showings were
discovered by Noranda in the late 1980’s (as per work assessment reports filed with the provincial
government). Noranda’s best channel samples assayed an average of 6.67 grams per tonne gold
over 7.2 meters from quartz carbonate veining in a mafic volcanic sequence. Two short historic
drills holes along 50 metres of interpreted strike failed to delineate the showing. The Company
carried out a prospecting trip to the property including a soil sampling survey in late 2019. A total
of 104 samples at 25-meter intervals were taken on an expanded Fallen Tree grid originally
established in 2017. Results confirm the elevated and anomalous gold and copper concentrations
associated with the showings and justify further soil sampling to delineate prospective areas for
follow up.
The main property within the Springdale project is the Colchester copper – gold property. T he
Company has modelled the Colchester mineralization and its host geology in a modern digital
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
context. The area has a high mineral endowment justifying further exploration. In the process of
moving from a regional to a more local exploration effort , the Colchester copper- gold property
has been reduced in scale to a core group of claims with ample coverage of the more prospective
areas. The Company is seeking partners to advance further exploration.
Villa Marie Quartzite Project
The Company has acquired through staking the dormant Villa Marie Quartzite open p it mine
approximately 30 kilometers east of the deepwater port of A rgentia and 75 kilometers west of
St. John’s Newfoundland. The quartzite was a source of silica used as a metallurgical flux in an
industrial plant that operated in the area 1968 -1989. The Company believes the quartzite has
potential for use in the cement manufacturing business and as a metallurgical flux.
Historically the property contains 52 drill holes over approximately 2600 meters which formed
the basis for an historic resource estimat e upon which the original mining was conducted. This
drilling data has been digitized and interpreted. The Company has also mapped the property and
sampled the various outcroppings of bedded quartzite. Anal ysis of these samples is consistent
with historic results. An average analysis over three quartzite beds is 95.32% silicon dioxide with
correspondingly low total alkalis , compared to 94.7 % silic on dioxide from historic government
sources. Because of its proximity to a deepwater port, road access and electrical power supply,
the company will further investigate potential markets for this material.
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 r elease 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, President
(709) 754-3186
www.vulcanminerals.ca