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Volcanic files NI 43-101 technical report for Initial Resource Estimate at Holly Project, Guatemala
(TheNewswire) July 27, 2022 – TheNewswire - Vancouver, British Columbia ...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"Volcanic files NI 43-101 technical report for Initial Resource Estimate at Holly Project, Guatemala\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n July 27, 2022 –\n \n \n TheNewswire -\n \n Vancouver, British\nColumbia – Volcanic Gold Mines Inc. (TSXV:VG)\n \n (OTC:\n \n VLMZF\n \n )\n \n (“Volcanic” or\n“the Company”) is pleased to advise that it has filed on SEDAR a\nNI 43-101 technical report in support of the recently announced maiden\nInferred Mineral Resource Estimate for the Holly property, Guatemala\n(see news release\n \n \n June 9, 2022\n \n \n ).\n \n The mineral resource estimate is effective June 7, 2022 and\nis reported in accordance with the Canadian Institute of Mining,\nMetallurgy and Petroleum Definition ‎Standards (2014) incorporated\nby reference in National Instrument 43-101 - Standards of Disclosure\nfor Mineral Projects.\n \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 Category\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 Tonnes above cutoff (millions)\n \n \n \n \n Gold (g/t)\n \n \n \n \n Silver (g/t)\n \n \n \n \n Gold (oz)\n \n \n \n \n Silver\n \n (oz)\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 Inferred\n \n \n \n \n 3.00\n \n \n \n \n 1.32\n \n \n \n \n 6.46\n \n \n \n \n 256\n \n \n \n \n 272,110\n \n \n \n \n 10,913,360\n \n \n \n \n 9.57\n \n \n \n \n 406,316\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...