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Volcanic Gold Mines Provides Update on Drilling Activities at Mandiana and WAMA Projects, Guinea; Announces High-Resolution Airborne Magnetic Survey
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 8, 2017) - Volcanic Gold Mines Inc. ("Volcanic") (TSX VENTURE:VG) is pleased to report on the progress of explo
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 8, 2017) - Volcanic Gold Mines Inc. (\"Volcanic\") (TSX VENTURE:VG) is pleased to report on the progress of exploration drilling at its Mandiana Project (\"Mandiana\"), as well as at the contiguous lands recently acquired under option from West African Mining Associates SARL (\"WAMA\") in Guinea. A total of almost 3,000m of reverse-circulation and diamond drilling, and over 6,000m of air-core drilling have now been completed at these projects. A high-resolution airborne magnetic survey over the projects, to be flown at 50m line spacing and low sensor clearance, is expected to commence during the month of June. The purpose of this survey will be to provide important targeting information associated with known mineralized trends. Volcanic's reverse-circulation and diamond drilling is being conducted both within, and in the immediate surroundings of, the Inferred Mineral Resource (the \"Mineral Resource\") at the Yagbelen deposit at Mandiana, as previously defined by Sovereign Mines of Africa plc (\"Sovereign\"). As well as serving to infill the Mineral Resource, the purpose of drilling is to gain vital information on the geological controls on mineralization, as a basis for targeting further resource drilling activities later in 2017. Reverse-circulation drilling of the Farabakoura target at the WAMA Project has also been advanced, its purpose being to confirm the high grade historic results announced by Volcanic on April 18, 2017 and described below. Air-core drilling is also ongoing at the WAMA Project, and has to date been deployed in exploration of strike and lateral extensions to mineralization to the north, east and south of the Yagbelen Resource, and in a similar fashion along a north-south axis characterized by artisanal working and high grade historic drilling intervals at Farabakoura. Drilling is being performed in a series of \"fences\" established at 100-200m intervals, along which inclined holes are drilled at 40-50m spacings. This rapid, low-cost approach to exploration has been designed to provide detailed and accurate information on near-term resource targets. Drilling results are awaited, and will be reported upon in due course. About the Mandiana and WAMA Projects In January 2017, Volcanic acquired a 75% interest in the Mandiana Project. The remaining 25% interest ...