Vulcan Minerals Inc. – Lizard Pond Gold Property in Central 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
August 09, 2018
Vulcan Minerals Inc. – Lizard Pond Gold Property in Central Newfoundland
St. John’s Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-
V:VUL) announces that it plans further prospecting work on its Lizard Pond gold property in central
Newfoundland particularly in light of the recent results announced by Sokoman Iron Corp. (Sokoman) on
its Moosehead project which in cluded a bonanza grade mineralized drill intersection of 11.9 metres of
44.96 grams per tonne gold (see Sokoman news release of July 24 th for full details). The Lizard Pond
property covers 233 claims ( 5,825 hectares) including prospective ground for gold d eposits in Paleozoic
sediments and related intrusives along the margins of the Mount Peyton pluton. This is a similar
geologic setting to the Moosehead project which lies 40 kilometers north of Lizard Pond. Numerous
claims have been staked in response to S okoman’s announcement south of Moosehead along the
Mount Peyton trend and have now linked up with Vulcan’s land position at Lizard Pond demonstrating
the perceived prospectively of the area.
In 2017 the Company carried out prospecting work on the five mai n epithermal ophiolite related gold
showings at Lizard Pond to confirm the historic results which included grab samples up to 22 grams per
tonne gold (see Vulcan news release dated July 12, 2016 ). The current program will complete the initial
evaluation of the property and focus on two underexplored quartz breccia occurrences situated in the
northwest corner of the claim block. Previous workers describe epithermal mineralogy and textures with
cursory grab samples yielding up to 983 parts per billion gold. Several trains of large silicified boulders
heavily mineralized with arsenopyrite have been reported in the area. Arsenopyrite is a known
associated mineral with q uartz bearing gold occurrences near the Mount Peyton contact, including the
historic Moosehead occurrences. The Lizard Pond quartz breccias warrant further investigation to
understand their significance. The Company is seeking partners to option or joint v enture further work
on the property.
The property is adjacent to the Baie d’Espoir highway approximately 40 kilometres south of the Town of
Grand Falls-Windsor. Please refer to our webpage www.vulcanminerals.ca for location maps.
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.
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 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.
For information please contact:
Patrick J. Laracy, President
(709) 754-3186
www.vulcanminerals.ca