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Volcanic Gold Mines intersects 11.4 g/t Au and 1,150 g/t Ag over 1.52 m within a broader interval of 10.68 m grading 2.07 g/t Au and 389 g/t Ag in the La Pena vein at Holly
Vancouver, British Columbia – TheNewswire – May 3, 2022 - Volcanic Gold Mines Inc. (TSXV:VG) (“Volcanic” or “the Company”) is pleased to report additional drill
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire – May 3, 2022 - Volcanic Gold Mines Inc. (TSXV:VG) (“Volcanic” or “the Company”) is pleased to report additional drill results from the Holly Property, Guatemala. Complete assays have been received for all previously pending drill holes. Full results tables and additional maps and geological sections are available on the Volcanic website. Highlights from recent drill results include: La Peña vein Hole HDD-22-030 intersected 11 .4 g/t Au and 1,150 g/t Ag over 1.52m within a broader interval of 10.68 m grading 2.07 g/t Au and 389 g/t Ag. La Peña vein additional sampling of Hole HDD-22-022 reported 11.2 g/t Au and 522 g/t Ag over 1.53m “The gold and silver discovery we have made at Holly is significant. The new high-grade intercepts demonstrate continuity within the La Peña vein system. With final results in hand the Company is working to complete a maiden resource calculation with the aim of showing the high value and minimal impact of developing these resources and the concrete benefits and sustainable employment for our local communities,” stated Simon Ridgway, President and CEO of Volcanic. Drilling at Holly focused on extending the La Peña high-grade system at depth and along strike with a goal of establishing a significant high-grade resource and improving understanding of the controls on high-grade mineralization. The La Peña vein remains open in all directions. Several holes also cut high grade gold in the Amber vein and Pino target at a shallow depth. The Amber vein, Pino veins, Alpha vein and Jocotan splay targets all have significant potential and will be tested in future drill programs. Figure 1: La Peña Long Section with AuEq x Estimated True Width Table 1: Holly Project: Recent drill hole assay results (HDD21-022* new results from additional sampling) DRILLHOLE FROM (m) TO (m) INTERVAL (m) Est. True Width GOLD (g/t) SILVER (g/t) Target HDD-21-022* 199.77 201.30 1.53 1.39 11.20 522 La Peña HDD-21-024 56.42 57.95 1.53 0.011 207 NE HDD-21-025 no significant intercepts NE HDD-21-026 127 130 3.00 2.33 0.41 23 La Peña HDD-21-028 55.6 57.95 2.35 2.14 97 Peña splay and 247.7 248.75 1.05 0.85 2.75 112 La Peña HDD-21-029 7.62 10.67 3.05 1.17 344 Pino HDD-22-030 7.62 14.3 6.68 1.92 3 Peña splay Including 9.15 12.6 3.45 &nb...