Business
Volcanic Gold Mines Provides Exploration Update
Vancouver, British Columbia – TheNewswire - NOVEMBER 4, 2021 – Volcanic Gold Mines Inc. (TSXV: VG) reports on the progress of its exploration activities in Guat
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - NOVEMBER 4, 2021 – Volcanic Gold Mines Inc. (TSXV: VG) reports on the progress of its exploration activities in Guatemala. Holly Project The next round of drilling at Holly will focus on resource definition at La Peña vein system which has to date delivered high-grade and consistent drill results, including recently published: HDD-21-017 8.83m @ 8.81 g/t Au and 355 g/t Ag (Sep 9, 2021) HDD-21-019 1.53m @ 191.8 g/t Au and 539 g/t Ag (Oct 5, 2021) And 6.52m @ 11.72 g/t Au and 340 g/t Ag HDD-21-020 5.40m @ 4.38 g/t Au, 350 g/t Ag (Oct 5, 2021) HDD-21-023 4.58m @ 79.84 g/t Au and 5,053 g/t Ag (Oct 19, 2021) Field crews have continued detailed mapping and sampling at Holly project. This work has identified new drill targets on splay structures of the Jocotan fault where 2 large zones of mineralized breccia have been mapped and are coincident with high grade soil and rock chip results (Figure 1). The Company plans systematic drill testing of these new targets including the Jocotan splay faults and to continue testing the extensions, both strike and dip, of La Peña vein system. Assays are still pending on drill holes HDD-21-024 to 028 and the samples from the detailed rock chip sampling of the Jocotan splay targets. Drilling will recommence at Holly once outstanding assays have been received and interpreted. As part of the ongoing community support programs, the Company is currently working with the local communities around Holly to increase water supply. Several wells in the region are dry and good water supply is a significant issue for the local villages. In co-operation with the local communities, the Company is working on water resource and hydrogeological studies and assisting with improving the water infrastructure of the communities at the Holly project. Figure 1: Holly Project geological Map with Au geochemistry Banderas Project At Banderas the planned drill program has been suspended while the Company works on access agreements with an adjoining community. The Company has access agreements in place with the community covering the drill project at Banderas, but further consultation and work is required with an adjoining community to ensure the benefits of the project are spread out and all aff...