Business
Volcanic Gold Mines Advances Exploration of Artisanal Gold Workings at Mandiana Project, Guinea; Identifies Further Mineralized Target Zones
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2017) - Volcanic Gold Mines Inc. ("Volcanic") (TSX VENTURE:VG) is pleased to report details of its mapping
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2017) - Volcanic Gold Mines Inc. (\"Volcanic\") (TSX VENTURE:VG) is pleased to report details of its mapping and prospecting program at its Mandiana Project in Guinea. Recent field activities have focused on a linear zone of artisanal workings 6.3km in length and up to 550m in width at Tadibakourou, at which coarse gold has been recovered from numerous shallow pits and shafts. Figure 1 below illustrates the extent and orientation of artisanal activity at Tadibakourou relative to workings and the current Resource at the Yagbelen and Woyandian zones (see Volcanic news release November 8, 2016). Mapping during the 2017 field program has led to the identification of numerous artisanal pits and shafts from which gold is routinely recovered from vein quartz material by means of gravitational concentration. Anecdotally, gold recoveries of up to 2kg per shaft - some of which extend to depths in excess of 70m - are reported. The workings fall in close north-south alignment to one another, and frequently associate with large, readily discernible haloes of white kaolinitic alteration (Figures 4, 5, 7 and 8) which further facilitate their mapping. Mineralization at Tadibakourou, Yagbelen and Woyandian is now interpreted to relate to a series of sub-structures within a broader mineralizing structural trend, shown in red on Figure 1. Figures 2 and 3 show workings at each of these deposits in greater detail, and from these, important inference as to the resource potential of Tadibakourou can be made. It is anticipated that further structural and targeting detail will arise from Volcanic's forthcoming high-resolution airborne magnetic survey of the property. The Tadibakourou deposit will be tested by means of air-core drilling in the final quarter of 2017, as the next step moving the deposit to resource definition. It is envisaged that a similar exploration approach as deployed by Volcanic as at Yagbelen (see news release July 12, 2017) be adopted in drilling at Tadibakourou. Of great significance is that artisanal working at Mandiana is seen to follow the same north-south mineralized trend common in known deposits in the region, including the Siguiri Mine, 80km to the north. Past drilling beneath approximately 1km of strike length of such workings at Mandiana led to definition of a Res...