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Volcanic Gold Mines reports further high grade results from Holly Project, including 15.55m @ 7.67 g/t gold and 615 g/t silver
August 24, 2021 – TheNewswire - Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV:VG) (OTC:VLMZF) is pleased to report further high grade drill resul
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"August 24, 2021 – TheNewswire - Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV:VG) (OTC:VLMZF) is pleased to report further high grade drill results from La Peña vein at the Holly Project in Guatemala. The last hole reported from La Peña zone was hole HDD21-004, which intersected an impressive 14.8m at 3.86 g/t Au and 1,097 g/t Ag (press release July 16, 2021). Core adjacent to the reported intercept that was not sampled in the original program has recently been sampled and assayed. This extended the intercept in hole HDD21-004 to 24.0m @ 3.1 g/t Au and 694 g/t Ag. Hole HDD21-014, the next hole to target La Peña structure, cut the vein zone approximately 50m below surface, 70m higher that hole 004. The hole cut broad silver intercept of 28.3m @ 42 g/t Ag with strongly anomalous mercury and antimony with two narrow gold intervals including 2.53m @ 2.90 g/t Au and 108g/t Ag, and 2.1m @ 3.60 g/t Au and 92 g/t Ag. The interpretation is that this hole cut La Peña structure above the main ore shoot. Hole HDD21-015 targeted La Peña structure at an elevation of 875m, 50m down dip from 014 and 40m north of hole HDD21-004, within the Paleozoic phyllites. Hole HDD21-015 returned 15.55m @ 7.67 g/t Au and 615 g/t Ag, including 7.25m @ 16.20 g/t Au and 848 g/t Ag. As with the results in previous holes, gold / silver ratios from 1 to 50 to 1 to 1000 indicate multiple mineralizing events. For example: interval 108.65m to 109.65m returned 39 g/t Au and 2,400 g/t Ag interval 117.42m to 118.95m returned 240ppb Au and 1,200 g/t Ag Results to date indicate the La Peña system is improving at depth with wider intervals and better grades than compared with the near surface intercepts. Holes HDD21-016 to HDD21-025 have tested the La Peña structure over a strike length of over 300m and to depths of 200m, and the system remains open in all directions. Results from these holes are expected in the next two weeks. Figure 1. La Peña Zone; Long Section: Drill holes HDD21-005 through HDD21 -013 tested El Pino and the Alpha structures. Narrow intercepts of medium and anomalous grade gold/silver were intersected. These holes tested historic surface anomalies. Drilling at El Pino cut the vein zone significantly higher...