Volcanic Announces Initial Resource Estimate of 406,316 oz at 9.57 g/t Gold Equivalent at Holly

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"Volcanic Announces Initial Resource Estimate of 406,316 oz at 9.57 g/t Gold Equivalent at Holly\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n TheNewswire -\n \n Volcanic Gold Mines Inc. (TSXV-VG) (“Volcanic” or “the\nCompany”) is pleased to announce a maiden Inferred Mineral Resource\nEstimate for the Holly property, Guatemala.\n \n The mineral\nresource estimate is reported in accordance with the Canadian\nInstitute of Mining, Metallurgy and Petroleum Definition ‎Standards\n(2014) incorporated by reference in National Instrument 43-101 -\nStandards of Disclosure for Mineral Projects.\n \n Full results\ntables and additional maps and geological sections are available on\nthe Volcanic website.\n \n \n Highlights\n \n \n \n \n A maiden Inferred Mineral Resource has been estimated for the first\ntarget,\n \n La Peña vein\n \n at the Holly project,\nGuatemala.\n \n \n \n \n The high grade\n \n La Peña vein remains open to expansion\nalong strike and importantly at depth,\n \n \n \n \n \n \n where exceptionally high grade results have been\nreturned.\n \n \n \n \n \n \n Multiple other drill targets remain un-tested at Holly\nwith potential for new discoveries.\n \n \n \n \n \n \n Table 1: Holly, Pe\n \n \n ñ\n \n \n a\nVein Resource Estimate\n \n \n \n \n (Effective date 7\n \n \n th\n \n \n June, 2022)\n \n \n \n \n \n \n \n Category\n \n \n \n \n \n \n Cut-off grade AuEq\n \n \n (2)\n \n \n (g/t)\n \n \n \n \n \n \n Tonnes above cutoff (millions)\n \n \n \n \n \n \n Gold (g/t)\n \n \n \n \n \n \n Silver (g/t)\n \n \n \n \n \n \n Gold (oz)\n \n \n \n \n \n \n Silver\n \n (oz)\n \n \n \n \n \n \n Gold Equivalent\n \n \n (2)\n \n \n (g/t)\n \n \n \n \n \n \n Gold Equivalent\n \n \n (2)\n \n \n (oz)\n \n \n \n \n \n \n \n \n Inferred\n \n \n \n \n \n \n 3.00\n \n \n \n \n \n \n 1.32\n \n \n \n \n \n \n 6.46\n \n \n \n \n \n \n 256\n \n \n \n \n \n \n 272,110\n \n \n \n \n \n \n 10,913,360\n \n \n \n \n \n \n 9.57\n \n \n \n \n \n \n 406,316\n \n \n \n \n \n \n \n Notes:\n \n \n \n \n \n \n Resources estimated using a 3.0 g/t Gold equivalent\ncut-off grade and a top cap grade of 100 g/t Gold and 2,000 g/t Silver\nand presented on a 100%-basis\n \n \n \n \n \n \n Gold Equivalent Au(eq) values based on Au US$1800 and\nAg US$22 using formula (Au g/t ...

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